2016

2 3 20 22 27 38 40 42 44 46 48 127 128

111 25 15 23 Clarendon House 2 Church Street Hamilton HM 11 Bermuda 26 26 2601-05 1166 MUFG Fund Services (Bermuda) Limited The Belvedere Building 69 Pitts Bay Road Pembroke HM 08 Bermuda 183 22 www.1166hk.com 2016 2 2

740,979,000 782,197,000 5.3% 274,945,000370,292,000 0.16 0.68 740,979,000782,197,000 5.3% 175,918,000212,734,000 17.3% 23.7%402,665,000317,903,000 26.7% 54.4% 140,761,000212,123,000 33.6% 19.0%19,500,00013,468,000 44.8% 2.6%2,135,000 2,078,000 0.3% 25,969,000 44,661,000 14.3% 38,262,000 5.2% 678,807,000 3.9%652,288,000 88.0%18,803,000 20.0% 15,034,000 2.0%39,926,000 11.3% 35,395,000 4.8% 3 3

35,900 4,800 19,500,00013,468,000 44.8% 2016 4 4

35,900 4,800 193,650,000 18 Delgerkhangai Nergui 30 (Mineral Resources Authority of the State of Mongolia) 20 Ikh Shijir Erdene LLC 85% 127(1) 4 9 9 1 4 9 49%(i) (ii)(iii) (iv) 5 5

2016 6 6

18322 800 900 181,000,000 163,000,000331,000,000 367,000,000 0.15 0.04213,000,000 68,000,000 1,414,000,000 1,533,000,000 7 7

305,000,000 360,000,000 17,000,000 9,500,000 17,000,000 9,500,000 5,791,000 7,959,000 Solartech International Holdings Limited 2016 8 8

26 26 2601-05 226,780,000 0.01 0.17 0.211 226,780,000 38,550,00037,300,000 0.164 9 9

226,780,000 226,780,000 1,133,912,3401,360,692,34099.99% 2,468 20% 272,138,468 20% 10 2016 10

272,120,000 0.17 0.21 272,120,000 46,260,000 44,850,000 0.165 25,000,000 19,850,000 11 11

326,560,000 0.195 0.239 326,560,000 63,700,00061,800,000 0.189 22,000,000 39,800,000 12,000,000 24,000,000 15,800,000 12 2016 12

326,560,000 326,560,000 1,632,812,3401,959,372,34099.99% 2,468 0.0001% 20% (i) (ii) (iii) 391,874,468 20% Chau s Industrial Investments Limited 72,000,000 72,000,000 (i)30,000,000 (ii) 42,000,000246% 13 13

571 132 1 4 9 5%25% 14 127(1)4 9 9 1 4 9 14 2016 14

49% Allied Talent Investments Limited Allied Talent Allied Talent 49% Allied Talent 49% 130,000,000 (i)30,000,000 (ii) 100,000,000246 Allied Talent Allied Talent Allied Talent Allied Talent 18,000,000 23,000,000 (i) (ii) Allied Talent 15 15

Allied Talent Allied Talent 5%25% 49% 16 2016 16

A.2.1 A.4.1 A.4.3 A.2.1 A.2.1 A.4.1 A.4.1 A.4.1 17 17

A.4.3 A.4.3 18 2016 18

19 19

732 20 2016 20

University of Northumbria 21 21

22 23 24 40 41 33 128 15 36 44 45 22 2016 22

44 Buyan-Otgon Narmandakh 87 20 21 23 23

XV 352 336 113,391,23410% 24 2016 24

38.7% 83.3%11.0%27.5% 5% 43 25 25

52 26 2016 26

A.2.1 A.4.1 A.4.3 A.2.1 A.2.1 A.4.1 A.4.1 A.4.1 27 27

A.4.3 A.4.3 28 2016 28

Buyan-Otgon Narmandakh Buyan- OtgonBuyan-Otgon Buyan-Otgon 20 A.2.1 A.4.3 29 29

3.10(1) (2) 3.10A 3.13 3.13 A.4.3 15 1 15 1 15 1 12 Buyan-Otgon Narmandakh 10 15 1 3 1 1 14 1 3 1 1 14 1 3 1 1 12 30 2016 30

A.1.7 A.6.5 9 31 31

1,488,000370,000 32 2016 32

33 33

A.5.6 21 XV 352 www.1166hk.com 34 2016 34

15 21 74(3) 35 35

26 26 2601-05 enquiry@solartechhk.com (852) 2796 1628 (852) 2799 9835 13.39(4) 36 2016 36

38 39 37 37

40 126 90 2016 38

P05308 39

6 7 740,979 782,197 (691,306) (746,471) 49,673 35,726 2,704 1,917 12 3,482 6,847 (134,717) (109,582) (15,241) (22,520) 10 (11,459) (11,001) 29 (5,791) (7,959) 16 48,008 20,037 28 (8,191) (10,671) 46 (90) 26 (3,336) (24,298) 18 19 (193,650) (198,987) 47 278 (18) (3,394) (46,091) 8 (272,020) (366,304) 11 (4,981) (3,095) (277,001) (369,399) 6,181 58,122 4,544 (10,158) 10,725 47,964 (266,276) (321,435) (274,945) (370,292) (2,056) 893 (277,001) (369,399) 2016 40

(263,528) (322,338) (2,748) 903 (266,276) (321,435) 14 (0.16) (0.68) 41

15 124,540 146,563 16 348,856 313,828 17 53,701 60,308 18 539,948 675,668 20 20,075 21 13,700 23 110,472 24 35,346 38,644 1,246,638 1,235,011 25 58,298 45,089 26 193,781 271,108 27 9,579 6,937 28 79,577 48,032 17 1,758 2,040 29 11 30, 31 362 31 17,995 31 181,247 162,463 542,235 536,042 32 93,703 100,855 470 316 33 116,288 67,747 29 435 153 210,896 169,071 331,339 366,971 1,577,977 1,601,982 2016 42

34 96,900 35 58,087 57,439 154,987 57,439 1,422,990 1,544,543 36 19,594 11,339 1,394,450 1,521,510 1,414,044 1,532,849 39 8,946 11,694 1,422,990 1,544,543 40 126 43

36 15 18,899 1,394,932 612,360 (10,246) 4,866 (349,533) 1,671,278 2,331 1,673,609 (370,292) (370,292) 893 (369,399) (10,168) 58,122 47,954 10 47,964 (10,168) 58,122 (370,292) (322,338) 903 (321,435) 10,107 10,107 (189) (189) (1,647) (1,836) (17,009) 17,009 9,449 174,649 184,098 184,098 11,339 1,569,581 612,360 (20,414) 4,866 58,122 (703,005) 1,532,849 11,694 1,544,543 2016 44

36 15 11,339 1,569,581 612,360 (20,414) 4,866 58,122 (703,005) 1,532,849 11,694 1,544,543 (274,945) (274,945) (2,056) (277,001) 5,236 6,181 11,417 (692) 10,725 5,236 6,181 (274,945) (263,528) (2,748) (266,276) 8,255 136,468 144,723 144,723 19,594 1,706,049 612,360 (15,178) 4,866 64,303 (977,950) 1,414,044 8,946 1,422,990 (i) (ii) 45

(272,020) (366,304) (2,704) (1,917) 11,459 11,001 5,791 7,959 (48,008) (20,037) 8,191 10,671 3,336 24,298 193,650 198,987 90 3,394 46,091 18 19,026 25,138 888 2,476 1,886 2,377 (278) 1,640 106 (73,363) (59,432) (13,097) 40,360 87,959 (91,603) (2,642) (4,692) 2,611 (39,736) (8,517) (26,305) (5,483) (74,351) (5,498) (7,039) (70,071) (210,757) (1,450) (836) (71,521) (211,593) 2016 46

2,704 1,917 (7,550) (30,771) 291 13 (20,075) 21,195 (23,730) (30,000) 362 47,191 (77,998) 39,545 (7,573) (10,998) (3) 144,723 184,098 (40,000) (32) (1,836) 9,928 188,189 98,979 (146) (132,381) (204,238) 162,854 65,856 13,335 (106,192) 162,463 268,497 5,449 158 181,247 162,463 181,247 162,463 47

1. 22 23 24 2. 1 1 1 7 2 12 2 16 1 38 27 1 9 3 10 5 28 10 1 12 28 15 15 3 15 3 16 4 1 2 3 4 5 10 28 2016 48

2. 1 1 16 38 1638 27 9 9 49

2. 9 9 39 939 939 10 28 10 12 28 12 2016 50

2. 15 15 18 11 15 15 16 16 17 12 16 17 51

2. 16 1617 3. 2016 52

3. 3 2008 53

3. (i) (ii) 2016 54

3. 55

3. 2016 56

3. 10% 20% 30% 6.67% 20% 20% 30% 57

3. 2016 58

3. 36 59

3. 2016 60

3. 40 61

3. (i) 2016 62

3. (i) (ii) 63

3. (ii) (iii) 2016 64

3. (iv) (v) (vi) 39 65

3. 2016 66

3. (i) (ii) (iii) (iv) 67

3. (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) (i) (ii) (iii) 2016 68

4. 69

4. (1) (2) (3) 2016 70

4. 71

5. a. 26 2016 72

5. a. 33 100 1,163,000 677,000 100 73

5. a. 116,288 119,280 119,280 96,900 105,900 105,900 93,703 93,703 93,703 306,891 318,883 212,983 105,900 435 435 435 67,747 70,001 70,001 100,855 100,855 100,855 168,602 170,856 170,856 153 153 153 2016 74

5. a. 29 10% 1,149,000 1,747,000 10% 10% 7,958,000 4,803,000 75

5. b. 7 2016 76

5. b. 13,500 13,500 79,577 79,577 79,577 13,500 93,077 435 435 11 11 48,032 48,032 48,043 48,043 153 153 77

6. 7. (a) (i) (ii) (iii) (iv) 2016 78

7. (a) 175,918 402,665 140,761 19,500 2,135 740,979 740,979 29,222 23,679 52,901 (52,901) 175,918 431,887 140,761 19,500 25,814 793,880 (52,901) 740,979 6,132 (43,435) 1,176 23,625 (40,948) (53,450) 2,247 (51,203) (3,057) (4,424) (304) (284) (8,069) 496 (7,573) (4,466) (1,325) (5,791) (5,791) (8,191) (8,191) (8,191) 34,375 13,633 48,008 48,008 (90) (90) (90) 539 (3,875) (3,336) (3,336) (8,265) (6,280) (114) (3,990) (129) (18,778) (18,778) (248) (19,026) 457 369 (625) (5,182) (4,981) (4,981) 79

7. (a) 212,734 317,903 212,123 13,468 25,969 782,197 782,197 32,950 28,559 61,509 (61,509) 212,734 350,853 212,123 13,468 54,528 843,706 (61,509) 782,197 (44,533) (46,128) 8,429 24,941 (27,328) (84,619) (84,619) (3,552) (5,483) (3,439) (305) (12,779) 1,778 (11,001) (983) (6,976) (7,959) (7,959) (10,671) (10,671) (10,671) 20,037 20,037 20,037 (549) (23,749) (24,298) (24,298) (9,793) (6,471) (253) (3,814) (4,475) (24,806) (24,806) (332) (25,138) 216 1,143 (803) (3,651) (3,095) (3,095) 2016 80

7. (a) 231,270 218,626 76,325 354,905 315,075 1,196,201 7,201 121 215 13 7,550 75,355 88,047 18,031 6,466 21,120 209,019 184,632 207,141 63,302 395,246 100,779 951,100 3,878 7,404 154 19,333 2 30,771 82,732 36,448 1,760 40,851 6,075 167,866 81

7. (b) (51,203) (84,619) (193,650) (198,987) (3,394) (46,091) (3,886) (19,887) (36,607) (272,020) (366,304) 1,196,201 951,100 481,748 675,668 35,346 38,644 63,441 89,584 12,137 16,057 1,788,873 1,771,053 209,019 167,866 96,900 470 316 58,087 57,439 1,407 889 365,883 226,510 2016 82

7. (c) 634,954 659,196 38,262 44,661 35,395 39,926 17,334 19,611 15,034 18,803 740,979 782,197 560,283 277,659 139,038 242,463 533,617 714,889 1,232,938 1,235,011 83

7. (d) 10% 81,139,000 10%184,981,000 8. 1,858 1,490 19,026 25,138 691,306 746,471 888 2,476 1,886 2,377 5,946 1,754 1,640 106 30,834 7,134 9 39,516 44,377 14,152,000 22,425,000888,000 2,476,000 2016 84

9. 6,312 5,962 18 18 6,330 5,980 1,415 1,420 17 18 1,432 1,438 264 264 261 212 73 64 598 540 Buyan-Otgon Narmandakh 120 140 120 140 600 450 18 18 618 468 336 324 336 324 216 204 216 204 84 84 84 84 1,020 1,016 8,588 8,044 126 118 9,734 9,178 2,453 2,407 148 229 2,601 2,636 85

9. 1,000,000 2 1 1,000,0011,500,000 1 2 1,000,000 8 10 1,000,0011,500,000 3 3 10. 7,573 10,998 3,886 3 11,459 11,001 11. 1,233 1,034 371 (17) 1,604 1,017 35 3,377 2,078 4,981 3,095 2016 86

11. 25%25% (272,020) (366,304) 25% 25% (68,005) (91,576) 83,379 79,590 (10,587) (4,482) 279 8,752 (631) (820) (875) 371 (17) 141 180 5 849 11,523 4,981 3,095 87

12. 4,157 957 1,306 2,525 1,384 3,482 6,847 13. 14. (274,945) (370,292) 1,735,257,775 546,520,680 2016 88

15. 260,485 27,538 60,400 404,578 30,950 783,951 41 21 58 245 13 378 18,902 281 11,266 322 30,771 47 8 807 815 77,410 77,410 16 (130,250) (130,250) (137,202) (137,202) (115,367) (1,197) (116,564) 89,386 27,559 60,747 300,722 30,895 509,309 (5,766) (1,576) (3,506) (16,616) (1,184) (28,648) 1,166 64 5,801 519 7,550 48 604 604 (1,583) (1,583) 6,181 6,181 16 (7,190) (7,190) (520) (520) (3,225) (3,661) (643) (7,529) 82,091 23,924 52,665 289,907 29,587 478,174 89

15. 171,844 17,082 48,405 334,090 19,567 590,988 22 13 43 183 6 267 8,691 1,083 2,592 10,036 2,736 25,138 (137,202) (137,202) (115,367) (1,078) (116,445) 43,355 18,178 51,040 228,942 21,231 362,746 (2,972) (1,076) (2,969) (12,555) (865) (20,437) 4,903 999 1,828 9,093 2,203 19,026 (1,583) (1,583) (520) (520) (2,123) (3,084) (391) (5,598) 44,766 15,978 45,232 225,480 22,178 353,634 37,325 7,946 7,433 64,427 7,409 124,540 46,031 9,381 9,707 71,780 9,664 146,563 2016 90

15. 3,598,000 42,531,000 30 (i) (ii) 7,190,000 130,250,000 1,035,000 27,519,000 6,181,000 58,122,000 16. 313,828 135,941 15 7,190 130,250 17 1,035 27,519 48,008 20,037 (21,205) 81 348,856 313,828 48,008,000 20,037,000 91

16. 7.75% 9% 7.75% 8% 8.25% 9% 8.25% 10%4.016.8 4.016.84.75% 4.75% 5% 5%17.726.6 17.729.6 4,740 14% 2,395 14% 300,895,000 257,136,000 30 161,055,000 177,916,000 2016 92

17. 62,348 92,169 (1,886) (2,377) 16 (1,035) (27,519) (3,968) 75 55,459 62,348 55,161 60,980 298 1,368 55,459 62,348 53,701 60,308 1,758 2,040 55,459 62,348 1,001,000 60,135,000 30 93

18. 1,168,933 1,168,933 (44) (44) 1,168,889 1,168,889 48 630 57,570 58,200 (276) (276) 1,168,613 630 57,570 1,226,813 312,773 312,773 180,449 180,449 (1) (1) 493,221 493,221 193,650 193,650 (6) (6) 686,865 686,865 481,748 630 57,570 539,948 675,668 675,668 2016 94

18. Delgerkhangai Nergui 30 (Mineral Resources Authority of the State of Mongolia)20 9 21.95% 675,398,000 481,748,000 193,650,000 180,449,000 4 95

18. 3% 15.61% 3% 19. 18,538 (18,538) Orkhontuul Uguujit Gobi-Altai Bugat Undur 3 18,538,000 2016 96

20. 21. 200 46 13,500 13,700 22. 11 100% Chau s Electrical (BVI) Company Limited 11 100% 1,000 500,000 (a) 100% 97

22. Chau s Industrial Investments Limited 1,000 100% # 18,025,000 14,925,000 100% # 64,000,000 100% # 6,810,000 100% * 65,000,000 90% Gosberton Assets Limited 1 100% Great Measure Investments Limited 1 100% 5,000,000 100% Ikh Shijir Erdene LLC 100,000 100% 2 100% 2016 98

22. # 2,500,000 100% Sun Progress Limited 1 100% Yellowstone Assets Limited 1 100% # 3,000,000 100% * 16,200,000 51% 25,000,000 100% 50,000 100% # * 99

22. (a) (b) Chau s Industrial Investments Limited Great Measure Investments Limited 23. 26,444 46 84,028 110,472 Idea International Holdings Ltd. 49% Idea Advertising Holdings Ltd. 49% 49% 49% 2016 100

23. 41,086 44,315 21,192 10,242 53,967 49% 26,444 2,244 (37) (37) 101

24. 35,346 38,644 Venture Max Limited 10% Mongolian Copper Mining LLC 10% 11 2016 102

24. 367,490 401,272 2,306 1,370 3,266 2,331 5,572 3,701 (6,700) (4,739) (26) (25) (6,726) (4,764) (12,872) (13,766) 353,464 386,443 10% 10% 35,346 38,644 1 3 (33,782) (459,443) (45) (978) (118) (487) (33,944) (460,905) 103

25. 14,174 22,460 1,808 217 42,316 22,412 58,298 45,089 888,000 2,476,000 26. 56,096,000 97,344,000 (i) 30 60 30 60 (ii) 30 47,075 63,145 31 60 3,705 5,542 61 90 1,031 1,036 90 4,285 27,621 56,096 97,344 2016 104

26. (iii) 23,420 3,099 20,471 (539) (38) (13,996) (101) (605) (11) 8,280 23,420 8,280,000 23,420,000 (iv) 49,301 66,508 6,795 30,836 56,096 97,344 105

26. (v) 4,926,000 5,016,000 (vi) 3,865 3,875 3,865 (263) 7,477 3,865 27. 90 28. 79,577 48,032 3,113,000 1,154,00011,304,000 9,517,000 2016 106

29. 435 11 153 270 345 5,374 6,607 (435) (142) 5,791,000 7,959,000 107

30. 15 3,598 42,531 16 300,895 257,136 17 1,001 60,135 362 305,494 360,164 31. 77,362 19,383 94,768 122,696 26,246 20,083 262 286 604 377 199,242 162,825 2016 108

31. 16,271,000 32 32. 52,822,000 73,708,000 30 35,533 28,613 31 60 2,984 6,836 61 90 1,339 2,462 90 12,966 35,797 52,822 73,708 1,168,000 8,760,000 109

33. 99,273 43,772 17,015 23,975 116,288 67,747 5.12 6.355.46 7.72 85% 64,521,000 173,195,000 30 34. 42,000,000100,000,000 100% 49% 6%46 48 2016 110

34. 46 48 133,046 3,886 (40,000) (32) 96,900 133,046,000 9.05% 10.19% 35. 17,921 12,099 5,936 35,956 13 11 (20) 4 19,401 19,401 11 3,651 (1,084) (489) 2,078 21,585 11,026 24,828 57,439 (607) (495) (1,627) (2,729) 11 5,182 (1,388) (417) 3,377 26,160 9,143 22,784 58,087 111

35. 173,206,950 168,656,000 267,000 36. 0.01 (i) 50,000,000 50,000,000 500,000 500,000 1,133,912 1,889,854 11,339 18,899 (i) (1,700,869) (17,009) (ii) 825,460 8,255 (iii) 944,927 9,449 1,959,372 1,133,912 19,594 11,339 2016 112

36. (i) 500,000,000 50,000,000,000(i) 100.010.1 (ii) (a) 0.090.10 0.01 (b)(iii) 0.10 0.01 (iv) 17,009,000 17,009,000 (ii) 825,460,0000.01 0.170.195 144,723,000 8,255,000 136,468,000 (iii) 944,926,9500.01 0.20 4,887,000 184,098,000 9,449,000174,649,000 113

37. 763,079 1,457,646 763,079 1,457,646 3,092 333 61,930 71,338 65,022 71,671 1,119 762 1,119 762 63,903 70,909 826,982 1,528,555 96,900 96,900 730,082 1,528,555 19,594 11,339 710,488 1,517,216 730,082 1,528,555 2016 114

38. 1,394,932 763,907 (725,961) 1,432,878 (107,320) (107,320) 17,009 17,009 174,649 174,649 1,569,581 763,907 (816,272) 1,517,216 (943,196) (943,196) 136,468 136,468 1,706,049 763,907 (1,759,468) 710,488 115

39. 51% 38,630 41,585 558 715 (20,718) (19,456) 18,470 22,844 9,050 11,194 59,797 184,981 (2,963) 2,198 (1,452) 1,077 12,433 (24,747) 13 (14,444) (6,265) (1,998) (31,012) 2016 116

40. 2,905 222 41. 10,832 14,842 38,418 39,898 31,877 28,077 81,127 82,817 8,071 12,724 20,795 117

42. (i) (ii) (iii)113,391,234 10% 43. 3,993,000 3,421,000 2016 118

44. 9 45. 3334 31 213,188 67,747 (199,242) (162,825) 13,946 (95,078) 1,414,044 1,532,849 1.0% 119

46. 49%130,000,000 (i) 30,000,000 (ii) 100,000,000 18,000,00023,000,000 13,590,000 13,500,000 90,000 30,000 34 94,080 124,080 (13,590) (26,462) 23 84,028 2016 120

47. 8,200,000 10,303,000 51% 15 815 2,601 10,075 31,498 (18,036) (6,265) (10,107) 10,581 (10,303) 278 (10,303) 31,498 21,195 39 782,727,000369,231,000 121

48. 100% 571 1 15 604 18 630 200 3,969 20,606 6,270 (20,883) 11,396 18 57,570 68,966 30,000 34 38,966 68,966 (a) (b) (c) 72,000,000 (i) 30,000,000 (ii) 42,000,000 4 9 2016 122

48. (d) 2,078,000 1,228,000 761,252,000278,657,000 (e) 1,420,000 49. 1,470,000 49% 151,000189,000 123

50. 193,781 271,108 9,579 6,937 199,242 162,825 79,577 48,032 11 13,500 93,703 100,855 116,288 67,747 96,900 435 153 2016 124

51. (a) 252,848 (252,493) 355 125

51. (b) 252,493 (252,493) 52. 4 9 2016 126

11 15 A B C D E F G H I J K L 1924130100054 13 2 7 1 L5 127

740,979 782,197 813,073* 601,611 612,863 (272,020) (366,304) (37,590) (413,177) (91,840) (4,981) (3,095) (125) (1,894) (14,292) (277,001) (369,399) (37,715) (415,071) (106,132) (274,945) (370,292) (37,709) (415,071) (106,132) (2,056) 893 (6) (277,001) (369,399) (37,715) (415,071) (106,132) 1,788,873 1,771,053 2,030,718 1,840,678 2,220,516 (365,883) (226,510) (357,109) (345,857) (325,727) 1,422,990 1,544,543 1,673,609 1,494,821 1,894,789 1,414,044 1,532,849 1,671,278 1,494,321 1,894,289 8,946 11,694 2,331 500 500 1,422,990 1,544,543 1,673,609 1,494,821 1,894,789 * 2016 128