2 3 5 7 9 12 23 29 47 55 61 63 65 67 69 72 73 166

23 2

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 1 22 2202-2203 1388 30 (FCS, FCIS (PE)) 3 2014

Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road, P.O. Box 1586 Grand Cayman KY1-1110 Cayman Islands 8 39 183 17 1712-1716 01308 Conyers Dill & Pearman Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands www.sitc.com 4

1,376,952 1,267,329 8.7% 120,680 112,410 7.4% 4.67 4.35 7.4% % 8.8 8.9 (1) 158,543 137,543 15.3% 790,933 743,349 6.4% 295,095 312,489 (5.6)% 401,966 321,164 25.2% 1 % 15.7 15.7 2 % 9.1 9.6 (0.5) 3 1.04 1.08 (0.04) % 17% 11% 6 67 61 6 2,077,335 1,981,576 95,759 1,593,001 1,530,471 62,530 1 2 3 5 2014

6

SIMIS 5 SIMIS 1.0 76,000DWT 60% 7 2014

PT. SITC Indonesia 60% 5 1.5 SKU (TOKUYAMA) 8

16.2% 125.2 8.6% 120.7 4.67 0.12 4.8% 2,077,335 500 2.9% 1,593,001 4.1% 2 1 78,478 32 35 6 438,596 1,377 8.7% 166.1 (a) 10

(b) (c) (d) 59 12 20 60% 60% 90 10 11 2014

12

59 12 20 53 67 78,478 32 35 9.0 67 52 1,000 1,060.3 9% (i) 1,981,576 2,077,355 (ii) 486 500 6 438,596 2.1 38 52 90 10 786.1 730.7 4.1% 1,530,471 1,593,001 13 2014

1,060,315 972,729 786,077 730,710 (469,440) (436,110) 1,376,952 1,267,329 (1,002,028) (926,283) (678,286) (634,177) 469,440 436,110 (1,210,874) (1,124,350) 58,287 46,446 107,791 96,533 166,078 142,979 12,911 18,708 1,413 3,271 14,324 21,979 (16,538) (15,653) (52,837) (49,497) (69,375) (65,150) 9,349 7,742 9,349 7,742 701 371 701 371 (3,344) (34) (122) (151) (3,466) (185) 51,316 49,467 66,295 58,269 117,611 107,736 (9,504) (8,177) 17,119 15,793 125,226 115,352 (4,130) (2,251) 121,096 113,101 120,680 112,410 416 691 121,096 113,101 14

1,267.3 8.7% 1,377.0 (i) (ii) 143.0 166.1 11.3% 12.1% 1,124.4 7.7% 1,210.9 22.0 7.7 14.3 (i) (ii) 9.2 5.8 (iii) 0.5 2.0 15 2014

65.2 6.4% 69.4 15.8 17.1 7.7 20.8% 9.3 115.4 8.5% 125.2 0.7 0.4 4.1 2.3 0.2 121.1 113.1 7.1% 3.5 3.3 9.5 8.2 16

593,242 56.0% 548,218 56.4% 21,593 2.0% 9,944 1% 445,480 42.0% 414,567 42.6% 1,060,315 100.0% 972,729 100% (1,002,028) (94.5%) (926,283) (95.2%) (551,666) (52.0%) (503,778) (51.8%) (294,475) (27.8%) (294,165) (30.2%) (140,200) (13.2%) (120,285) (12.4%) (15,687) (1.5%) (8,055) (0.8%) 58,287 5.5% 46,446 4.8% 12,911 1.2% 18,708 1.9% (16,538) (1.6%) (15,653) (1.6%) (3,344) (0.3%) (34) % 51,316 4.8% 49,467 5.1% 17 2014

500 486 59 47 340 301 972.7 9.0% 1,060.3 (i) 1,981,576 2,077,335 (ii) 486 500 (iii) 11.6 926.3 8.2% 1,002.0 294.5 294.2 237.3 234.8 642.5 5.6% 608.2 120.3 19.9 140.2 8.1 15.7 503.8 9.5% 551.7 (i) 38.7 66.8 (ii) 84.8 97.3 18

58.3 46.4 25.6% 4.8% 5.5% 3.3 0.1 3.3 49.5 3.6% 51.3 18.7 12.9 15.7 5.1% 16.5 19 2014

762,117 97.0% 709,167 97.1% 23,960 3.0% 21,543 2.9% 786,077 100.0% 730,710 100.0% 753,971 95.9% 703,420 96.3% 32,106 4.1% 27,290 3.7% (678,286) (86.3%) (634,177) (86.8%) (655,079) (83.3%) (615,954) (84.3%) (23,207) (3.0%) (18,223) (2.5%) 107,791 13.7% 96,533 13.2% 1,413 0.2% 3,271 0.4% (52,837) (6.7%) (49,497) (6.7%) (122) (0.1%) (151) (0.1%) 9,349 1.2% 7,742 1.1% 701 0.1% 371 0.1% 66,295 8.4% 58,269 8.0% 730.7 7.6% 786.1 703.4 7.2% 754.0 (i) 1,530,471 1,593,001 (ii) 27.3 17.6% 32.1 20

634.2 7.0% 678.3 49.5 6.7% 52.8 616.0 6.3% 655.1 0.1 0.2 18.2 27.5% 23.2 7.7 9.3 96.5 0.4 0.7 11.7% 107.8 13.2% 13.7% 58.3 13.7% 66.3 1.4 1.9 21 2014

1,269.4 9.5% 1,389.8 428.2 524.1 13.1% 592.7 402 131.2 43.2 128.4 99.2 16% 12% 1.9 590.9 1,360 66.8 2.2 11% 17% 22

58 37 48 28 23 2014

41 21 SITC Group Company LimitedSITC Holding 44 22 SITC Japan Co., Ltd. SITC Holding SITC Holding 24

42 20 46 Curtin University of Technology + 2366 22 41 18 3336 829361 1361 2030 25 2014

54 TSL 2007 268 54 Strategenes Limited 710 1373 1862 497 511 Nam Tai Property Inc.NTP Nam Tai Electronics, Inc. NTE E2-Capital Holdings Limited 5OF Westminster Travel Limited WTL 8155 26

53 1329 390 601390 6869 LDK Solar Co., Ltd.LDK OTC Pink Limited Information 20 LDK Solar Co. Ltd. LDKLDK OTC Pink Limited Information LDK LDK (i) LDK 1,700,000,000 10% (ii) LDK 0.10 240,000,000 A 3998 1338 1238 631 1112 1898 817 2628 1186 27 2014

47 20 (University of London) 1317 28

5 31 12 1.54 183 17 1712-1716 183 17 1712-1716 33 29 2014

492 14 25.1% 21.3% 5% 7 30

39 Better Master Investments LimitedBetter Master Resourceful Link Management LimitedResourceful Link 55.31% Better Master Resourceful Link 62.5% (b) (c) (d) 50% SITC Shipping Company Limited Shanghai Steamship (a) (Shanghai) Co., Ltd.Shanghai Steamship 31 2014

Better Master Resourceful Link 10% 12 1% ( 0.1% 10 (a) (b) (c) 1.00 10 260,000,000 10% 32

1,000,000 1,000,000 0.04% 1,000,000 1,000,000 0.04% 300,000 300,000 0.01% 300,000 300,000 0.01% 100,000 100,000 0.004% 500,000 500,000 0.02% 400,000 400,000 0.00% 200,000 200,000 0.01% 400,000 400,000 0.02% 400,000 400,000 0.02% 5,777,000 1,720,000 4,057,000 0.02% 10,377,000 2,120,000 8,257,000 0.32% 33 2014

8,257,000 0.32% (c) (d) (a) (b) 20% 3.824 79,160,000 3.0% (e) 34

7,200,000 7,200,000 0.04% 5,220,000 5,220,000 0.04% 800,000 800,000 0.03% 800,000 800,000 0.03% 200,000 200,000 0.01% 800,000 800,000 0.03% 56,300,000 3,996,000 52,304,000 2.02% 71,320,000 3,996,000 67,324,000 2.2% 67,324,000 2.2% (c) (d) 25% (a) (b) 25% 25% 35 2014

1.00 XV XV 7 8 352 (i) (1) (2) Pengli Trust 1,431,898,158 (L) 55.31% (3) Xue Trust 12,866,176 (L) 0.50% (4) Go Thrive Trust 3,037,847 (L) 0.12% 485,000 (L) 0.02% (4) Go Thrive Trust 1,906,100 (L) 0.07% 400,000 (L) 0.02% (1) L (2) 1,431,898,158 Resourceful Link Resourceful Link Better Master 76.67% Better Master Pengli Holdings Limited Pengli Holdings Limited Barclays Wealth Nominees (Hong Kong) Limited Barclays Wealth Trustees (Singapore) Limited Pengli Trust Pengli Trust Pengli Trust (3) 12,866,176 Watercrests Profits Limited Watercrests Profits Limited Add Investments Company Limited 50.3% Add Investments Company Limited JTC Trustees (BVI) Limited Xue Trust Xue Trust Jiao Lei (4) 3,037,847 1,906,100 Go Thrive Limited Zhao Zhiyong Go Thrive Trust 36

(ii) 7,200,000 1,000,000 0.32% 5,220,000 1,000,000 0.24% 800,000 300,000 0.04% 800,000 300,000 0.04% 200,000 100,000 0.01% 800,000 500,000 0.05% 200,000 0.01% 400,000 0.02% 400,000 0.02% 37 2014

(iii) (1) Resourceful Link 55,290 76.67% (2) Resourceful Link 11,776 16.33% (3) Resourceful Link 2,205 3.05% (1) Resourceful Link 55.31% Resourceful Link Better Master 76.67% Better Master Pengli Holdings Limited Pengli Holdings Limited Barclays Wealth Nominees (Hong Kong) Limited Barclays Wealth Trustees (Singapore) Limited Pengli Trust Pengli Trust Pengli Trust (2) Resourceful Link 55.31% Jixiang Investments Limited Resourceful Link 16.33% Jixiang Investments Limited Jixiang Holdings Limited Jixiang Holdings Limited Barclays Wealth Nominees (Hong Kong) Limited Barclays Wealth Trustees (Singapore) Limited Jixiang Trust Jixiang Trust Jixiang Trust (3) Resourceful Link 55.31% Yicheng Investments Limited Resourceful Link 3.05% Yicheng Investments Limited Yicheng Holdings Limited Yicheng Holdings Limited Barclays Wealth Nominees (Hong Kong) Limited Barclays Wealth Trustees (Singapore) Limited Yicheng Trust Yicheng Trust Yicheng Trust 38

XV 2 3 (i) (1) Resourceful Link (2) 1,431,898,158(L) 55.31% Better Master (2) 1,431,898,158(L) 55.31% Pengli Holdings Limited (2) 1,431,898,158(L) 55.31% Barclays Wealth Trustees (Singapore) Limited (2) 1,431,898,158(L) 55.31% Joho Partners, L.P. 130,451,000(L) 5.04% (3) Pengli Trust 1,440,098,158(L) 55.63% (1) L (2) Resourceful Link Better Master Jixiang Investments Limited Xiangtai Investments Limited Yicheng Investments Limited 76.67% 16.33% 3.95% 3.05% Better Master Pengli Holdings Limited Pengli Holdings Limited Barclays Wealth Nominees (Hong Kong) Limited Pengli Trust Jixiang Investments Limited Jixiang Holdings Limited Jixiang Holdings Limited Barclays Wealth Trustees (Singapore) Limited Jixiang Trust Xiangtai Investments Limited Xiangtai Holdings Limited Xiangtai Holdings Limited Barclays Wealth Nominees (Hong Kong) Limited Xiangtai Trust Yicheng Investments Limited Yicheng Holdings Limited Yicheng Holdings Limited Barclays Wealth Trustees (Singapore) Limited Yicheng Trust Pengli Trust Jixiang Trust Yicheng Trust (3) 39 2014

17 A Sheng Lian Shipping Enterprises Inc.Sheng Lian Shipping SITC Steamships Co., Ltd.SITC Steamships Sheng Lian Shipping SITC Steamships 847 3,400,000 26,520,000 SITC Steamships 62.5% SITC Steamships A 0.1% 5% A 62.5% A 40

27,000,000 2,000,000 28,000,000 2,100,000 34,000,000 2,200,000 SITC Shipping Company Limited 62.5% A 0.2 2.3 2.5 200,000 2,300,000 2,500,000 41 2014

Sinokor Sinokor Merchant Marine Co., Ltd. Sinokor Sinokor Sinokor New SITC Korea Sinokor A Sinokor Sinokor 3,000,000 3,000,000 3,000,000 3,300,000 3,220,000 3,600,000 Sinokor 51% A.P. Moller- Maersk Group 49% A 51% A 2.8 3 3.3 42

1 1.6 2.5 4,200,000 6,600,000 7,800,000 43 2014

847 938 SITC ShanghaiSITC Kaohsiung (i) (ii) (i) (ii) (iii) A (i) (ii) (iii) SITC KeelungSITC Pyeongtaek SITC ShanghaiSITC Kaohsiung SITC ShanghaiSITC Kaohsiung SITC KeelungSITC Pyeongtaek 44

A 1. 3.13 2. 3. 1. 2. 3. 4. 45 2014

13.20 13.20 166 46

23 28 47 2014

3.13 A.4.2 48

3 49 2014

50

D.3.1 51 2014

5/5 1/1 1/1 1/1 5/5 1/1 1/1 1/1 5/5 1/1 5/5 1/1 5/5 1/1 5/5 1/1 5/5 1/1 5/5 1/1 5/5 1/1 1/1 1/1 5/5 1/1 5/5 1/1 5/5 1/1 1/1 5/5 1/1 52

61 62 3,030,000 623,000 15 3,030 203 420 3,653 53 2014

1 2202 852-28243748 852-28500302 ir@sitc.com 58 54

P-S-V-D 100% 5.5 10.5 8.7 5 EMBA 55 2014

18 100% 1990 641 40 1831 40 273 1827 167 12% 3% 56

(SSB) Rudder skegrudder bulb (RINA) Significant Ship ISPP IOPP MARPOL 3.5% EIAPP 85 TEU 20 10 4 OA 5 57 2014

SOLARS STCW MLC2006 SMS STCW MLC2006 ISM (ISPS Code) (SSP) CCTV 2 10 58

60 300 300 150 4~20 111 15 5 3 11,100 59 2014

CEO 100 2014 60

63 165 61 2014

62

5 1,376,952 1,267,329 (1,210,874) (1,124,350) 166,078 142,979 5 31,443 37,772 (69,375) (65,150) (3,466) (185) 7 (9,504) (8,177) 9,349 7,742 701 371 6 125,226 115,352 10 (4,130) (2,251) 121,096 113,101 21 (264) 32 16,734 12,588 (2,698) (7,972) 14,036 4,616 (3,810) (832) (742) 514 (249) 286 8,971 4,616 8,971 4,616 130,067 117,717 63 2014

11 120,680 112,410 416 691 121,096 113,101 129,692 116,986 375 731 130,067 117,717 13 4.67 4.35 4.66 4.34 12 64

14 668,825 616,661 15 21,104 12,676 37,985 21,020 16 1,142 18 29,807 26,906 19 10,812 10,400 20 8,262 21 3,571 1,239 28 282 690 773,528 697,854 16,996 18,927 22 66,633 76,560 23 43,753 37,181 24 247 996 20 57,127 28 3,314 4,824 25 1,890 25 428,247 431,136 616,317 571,514 26 141,294 145,462 27 42,621 42,244 24 3,409 13,528 28 170 855 29 131,152 56,457 2,612 479 321,258 259,025 295,059 312,489 1,068,587 1,010,343 65 2014

1,068,587 1,010,343 28 579 345 29 270,814 264,707 271,393 265,052 797,194 745,291 31 33,378 33,333 33 757,555 710,016 790,933 743,349 6,261 1,942 797,194 745,291 66

31 31 33(a) 33(b) 33(c) 33(d) 33(e) 33(f) 33(g) 33(h) 33(i) 33,323 348,460 202 (10,842) 3,722 (463) 4,597 2,779 3,928 121 9,589 300,135 695,551 (2,412) 693,139 112,410 112,410 691 113,101 22 22 10 32 4,616 4,616 4,616 (862) (862) 30 (832) 514 514 514 286 286 286 4,616 22 (62) 112,410 116,986 731 117,717 (39,966) (39,966) (39,966) 12 (33,344) (33,344) (33,344) 3,480 3,480 4,275 7,755 (312) (312) 224 (224) (340) (340) 31 10 274 (88) 196 196 (78) 78 32 446 446 446 33,333 348,734* 202* (7,362)* 3,946* (463)* 4,597* 3,059* 8,544* 143* 9,527* 339,089* 743,349 1,942 745,291 67 2014

31 31 33(a) 33(b) 33(c) 33(d) 33(e) 33(f) 33(g) 33(h) 33(i) 33,333 348,734 202 (7,362) 3,946 (463) 4,597 3,059 8,544 143 9,527 339,089 743,349 1,942 745,291 120,680 120,680 416 121,096 (264) (264) (264) 14,036 14,036 14,036 (3,769) (3,769) (41) (3,810) (742) (742) (742) (249) (249) (249) 14,036 (264) (4,760) 120,680 129,692 375 130,067 (49,988) (49,988) (49,988) 12 (33,369) (33,369) (33,369) 34 4,764 4,764 (270) (270) 193 (193) (550) (550) 31 18 697 (36) 679 679 31 27 753 (242) 538 538 (68) 68 32 32 32 32 33,378 350,184* 202* (7,362)* 4,139* (463)* 4,597* 2,745* 22,580* (121)* 4,767* 376,287* 790,933 6,261 797,194 * 757,555,000 710,016,000 68

125,226 115,352 7 9,504 8,177 (9,349) (7,742) (701) (371) 5 (9,774) (8,501) 5, 6 911 (84) 5 (3,068) (1,232) 5 (2,698) (7,972) 5 (520) (1,974) 34 (654) 14 35,619 28,727 15 357 317 14 2,371 22 47 163 32 32 446 147,303 125,306 1,931 (68) 7,345 (3,936) (5,029) 794 749 (382) 1,918 (1,586) 1,890 (911) (3,236) 7,163 8,014 1,580 274 5,357 2,057 8,444 (1,488) 757 161,728 142,518 7,788 6,155 (9,555) (8,177) (69) (758) (1,349) (2,195) 158,543 137,543 69 2014

(101,995) (105,297) 4,812 530 (16,965) (21,020) 34 (7,472) (1,235) (2,055) (2,596) (49,064) (8,262) 269,465 (257,999) (242,139) 80 6,941 6,095 40 131 (440) (140,648) (387,797) 31 1,217 196 284,585 328,193 (182,002) (193,375) 21,372 (10,303) (40,311) (270) (83,357) (73,310) (640) (250) 9,230 42,515 27,125 (207,739) 150,536 357,172 (2,688) 1,103 174,973 150,536 70

62,572 29,651 25 23,761 112,401 97,124 174,973 150,536 11,135 280,600 242,139 428,247 431,136 71 2014

17 59,413 59,413 21 2,323 61,736 59,413 23 61 17 376,041 410,818 90,000 49,988 25 283 136 466,324 461,003 466,324 461,003 528,060 520,416 528,060 520,416 31 33,378 33,333 33 494,682 487,083 528,060 520,416 72

1. Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman KY1-1111, Cayman Islands 1 22 2203 Resourceful Link Management Limited Better Master Investments Limited 2.1 622 9 11 76 87 32 73 2014

2.1 (i) (ii) (iii) (i) (ii) (iii) 2.2 10 12 27 32 39 21 1 2 1 3 13 1 1 74

2.3 9 4 10 28 2 11 2 14 5 15 3 16 2 38 16 41 2 19 1 27 2 1 1 2 1 2 3 4 5 622 9 39 9 9 9 75 2014

2.3 10 28 10 28 11 3 11 15 15 15 15 15 16 38 16 38 2.2 8 8 76

2.4 (a) (b) (c) 5 20% 77 2014

2.4 5 78

2.4 39 39 79 2014

2.4 80

2.4 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) 5 81 2014

2.4 3% 7% 4% 6% 9% 20% 10% 33 1 /3% 12% 25% 82

2.4 39 83 2014

2.4 39 84

2.4 (a) (b) (a) (b) 85 2014

2.4 86

2.4 87 2014

2.4 39 39 88

2.4 89 2014

2.4 90

2.4 12 91 2014

2.4 (i) (ii) 92

2.4 93 2014

2.4 (a) (b) (c) (d) (e) 94

2.4 32 95 2014

2.4 96

2.4 3. 10% 97 2014

3. 1,142,000 16 66,633,000 76,560,000 98

3. 3,596,000 5,514,000 749,000 1,200,000 32 99 2014

4. (a) (b) 100

4. 614,835 762,117 1,376,952 445,480 23,960 469,440 1,060,315 786,077 1,846,392 (469,440) 1,376,952 51,316 66,295 117,611 9,774 7,345 (9,504) 125,226 697,571 327,134 1,024,705 (163,129) 528,269 1,389,845 121,023 220,660 341,683 (163,129) 414,097 592,651 101 2014

4. 9,349 9,349 701 701 30,254 5,365 35,619 357 357 969 (58) 911 2,371 2,371 33 14 47 29,807 29,807 10,812 10,812 * 107,220 2,433 109,653 * 102

4. 558,162 709,167 1,267,329 414,567 21,543 436,110 972,729 730,710 1,703,439 (436,110) 1,267,329 49,467 58,269 107,736 8,501 7,292 (8,177) 115,352 621,660 304,760 926,420 (139,328) 482,276 1,269,368 137,182 200,091 337,273 (139,328) 326,132 524,077 103 2014

4. 7,742 7,742 371 371 23,178 5,549 28,727 317 317 (18) (66) (84) 163 163 26,906 26,906 10,400 10,400 * 118,220 4,225 122,445 * 8 589,977 588,078 391,528 308,933 204,746 144,101 190,701 226,217 1,376,952 1,267,329 10% 104

5. 9,774 8,501 7,345 7,292 * 3,217 1,498 20,336 17,291 34 654 84 2,698 7,972 3,068 1,232 520 1,974 4,167 9,219 11,107 20,481 31,443 37,772 * 105 2014

6. 234,801 237,305 771,457 708,654 1,006,258 945,959 14 35,619 28,727 * 14 2,371 * 911 (84) 15 357 317 400 432 4,296 4,294 83,665 69,408 62,884 60,343 150,845 134,045 8 58,477 53,815 32 32 446 8,320 7,120 66,829 61,381 * 22 47 163 * 106

7. 8. 622 11 78 32 161 281 262 1,565 1,442 894 955 5 169 73 48 2,537 2,614 2,818 2,876 32 107 2014

8. (a) 28 28 28 28 28 28 31 31 115 115 26 11 37 26 5 31 26 11 37 28 11 39 106 38 144 108

8. (b) 28 632 294 3 3 960 * 28 481 216 2 12 739 28 107 86 15 236 26 96 66 13 201 ** 28 143 143 15 329 ** 28 106 89 15 238 166 1,565 894 5 73 2,703 26 586 356 44 1,012 * 26 450 263 39 10 788 26 100 95 10 10 241 26 100 79 10 10 225 ** 21 106 103 15 8 253 ** 21 80 45 3 8 157 *** 5 20 14 10 2 51 151 1,442 955 131 48 2,727 *** 5 5 156 1,442 955 131 48 2,732 109 2014

8. (b) * ** *** 9. 8 10. 3,802 1,430 296 713 221 108 (3) (186) 4,130 2,251 16.5% 16.5% 110

10. % % % % 23,856 93,217 8,153 125,226 5,964 25.0 15,381 16.5 1,594 19.6 22,939 18.3 (637) (2.7) (637) (0.5) 5% 440 1.8 440 0.4 (3) (186) (0.2) (189) (0.2) (2,029) (8.5) (258) (3.2) (2,287) (1.8) (23) (0.1) (25,467) (27.3) (7,229) (88.7) (32,719) (26.1) 257 1.1 10,340 11.1 6,147 75.4 16,744 13.4 (135) (0.6) (66) (0.8) (201) (0.2) 50 0.2 42 33 0.4 125 0.1 (85) (0.4) (85) (0.1) 3,799 15.8 110 0.1 221 2.7 4,130 3.3 111 2014

10. % % % % 8,991 96,808 9,553 115,352 2,248 25.0 15,974 16.5 2,804 29.3 21,026 18.2 5% 293 3.3 293 0.3 (95) (1.1) (1,068) (1.1) (158) (1.7) (1,321) (1.1) (3,811) (42.4) (14,376) (14.9) (8,115) (84.9) (26,302) (22.8) 2,795 31.1 183 0.2 5,577 58.4 8,555 7.4 1,430 15.9 713 0.7 108 1.1 2,251 2.0 11. 26,000 807,000 26 (807) 90,000 107,557 33 90,026 106,750 112

12. 10 1.30 10 1.30 258,698 33,369 256,492 33,344 12 1.54 15 1.93 310,652 40,054 387,806 49,988 569,350 73,423 644,298 83,332 113 2014

13. 2,586,328,381 2,584,805,699 120,680 112,410 2,586,328,381 2,584,805,699 4,285,298 3,405,648 2,590,613,679 2,588,211,347 114

14. 41,915 631,858 34,788 24,325 3,329 2,927 739,142 (3,070) (91,298) (14,724) (11,593) (1,796) (122,481) 38,845 540,560 20,064 12,732 1,533 2,927 616,661 38,845 540,560 20,064 12,732 1,533 2,927 616,661 82 1,539 17,474 1,762 415 71,416 92,688 34 392 1,217 16 2,837 4,462 3,979 72,590 403 (76,972) (1,316) (28,227) (2,027) (3,607) (442) (35,619) (2,371) (2,371) (5,273) (18) (198) (16) (218) (5,723) (960) (2) (284) (37) 10 (1,273) 40,630 578,818 35,883 12,025 1,469 668,825 44,929 698,053 52,523 26,638 3,503 825,646 (4,299) (119,235) (16,640) (14,613) (2,034) (156,821) 40,630 578,818 35,883 12,025 1,469 668,825 115 2014

14. 40,677 520,871 17,115 19,368 3,145 15,086 616,262 (1,716) (70,310) (13,247) (7,233) (1,805) (94,311) 38,961 450,561 3,868 12,135 1,340 15,086 521,951 38,961 450,561 3,868 12,135 1,340 15,086 521,951 94 6,796 17,727 1,826 1,064 94,938 122,445 104,191 2,932 (107,123) (1,302) (20,988) (1,522) (4,402) (513) (28,727) (9) (34) (403) (446) 1,092 275 45 26 1,438 38,845 540,560 20,064 12,732 1,533 2,927 616,661 41,915 631,858 34,788 24,325 3,329 2,927 739,142 (3,070) (91,298) (14,724) (11,593) (1,796) (122,481) 38,845 540,560 20,064 12,732 1,533 2,927 616,661 SITC Steamships Co., Ltd.SITC Steamships SITC Steamships SITC Shanghai 3,400,000 SITC Shanghai SITC Steamships 2,371,000 574,538,000 505,019,000 16,376,000 29 116

15. 13,015 12,956 34 9,273 (357) (317) (308) 376 21,623 13,015 23 (519) (339) 21,104 12,676 16. 34 1,142 1,142 117 2014

16. Tianjin Xin Hua Xi Logistics Co., Ltd.Tianjin Xin Hua XiTianjin Xin Hua Xi Tianjin Xin Hua Xi Tianjin Xin Hua Xi 13% 2% Tianjin Xin Hua Xi Tianjin Xin Hua Xi 17. 59,413 59,413 (a) 376,041,000 410,818,000 118

17. SITC Group Company Limited 10,000 100 SITC Shipowning Group 1 100 Company Limited 1,000,000 100 SITC Container Lines (Japan) Co., Ltd. # 10,000,000 100 SITC Container Lines (Korea) Co., Ltd. # 600,000,000 80 5,000,000 100 * # 16,000,000 100 ** # 2,000,000 49 ** # 2,000,000 49 ** # 2,000,000 49 @ 119 2014

17. SITC Brokers Company Limited 1 100 300,000 100 SITC Logistics (HK) Limited 1 100 1 100 * # 134,000,000 100 New SITC Logistics (Japan) Co., Ltd. # 10,000,000 100 SITC Logi Korea Co., Ltd. # 300,000,000 100 * # 1,000,000 100 * # 121,900,000 100 Qingdao Smart Cargo Logistics Company Limited * # 30,000,000 60 SITC Technologies (Shanghai) Co., Ltd. * # 10,000,000 100 Tailian Container Enterprises Inc. 10,000 100 Ken Link Shipping Enterprises Inc. 2 100 120

17. Xin Lian Shipping Enterprises Inc. 200 100 Sheng Lian Shipping Enterprises Inc. 200 100 Hai Lian Shipping Enterprises Inc. 10,000 100 Jia Lian Shipping Enterprises Inc. 10,000 100 SITC Tianjin Shipping Enterprises Inc. 100 100 SITC Nagoya Shipping Enterprises Inc. 100 100 SITC Xiamen Shipping Enterprises Inc. 100 100 SITC Hong Kong Shipping Enterprises Inc. 100 100 SITC Kaohsiung Shipping Enterprises Inc. 10,000 100 SITC Keelung Shipping Company Limited 100 100 SITC Hakata Shipping Company Limited 100 100 SITC Pyeongtaek Shipping Company Limited 100 100 SITC Taishan Shipping Company Limited 1 100 SITC Inchon Shipping Company Limited 100 100 SITC Hochiminh Shipping Company Limited 100 100 121 2014

17. SITC Huangshan Shipping Company Limited 1 100 SITC Huashan Shipping Company Limited 1 100 SITC Lushan Shipping Company Limited 1 100 SITC Zhoushan Shipping Company Limited 1 100 SITC Haiphong Shipping Company Limited 100 100 SITC Kwangyang Shipping Company Limited 100 100 SITC Qingdao Shipping Company Limited 100 100 SITC Busan Shipping Company Limited 100 100 SITC Dalian Shipping Company Limited 100 100 SITC Lianyungang Shipping Company Limited 100 100 SITC Fangcheng Shipping Company Limited 100 100 SITC Shenzhen Shipping Company Limited 100 100 SITC Yantai Shipping Company Limited 100 100 SITC Osaka Shipping Company Limited 100 100 SITC Moji Shipping Company Limited 100 100 122

17. SITC Shimizu Shipping Company Limited 100 100 SITC Yokkaichi Shipping Company Limited 100 100 SITC Laem Chabang Shipping Company Limited 100 100 SITC Manila Shipping Company Limited 100 100 SITC Jakarta Shipping Company Limited 100 100 SITC Bangkok Shipping Company Limited 100 100 SITC Hengshan Shipping Company Limited 100 100 SITC Shandong Shipping Company Limited 100 100 SITC Zhejiang Shipping Company Limited 100 100 123 2014

17. * ** # Ω @ 18. 29,807 26,906 124

18. (a) 22 26 24 (b) 10,000,000 45% 40% 45% 25,000,000 51% 50% 51% 47,455,820 40% 40% 40% 18,245,128 30% 40% 30% 21,489,430 50% 50% 50% SITC Container Lines Vietnam Co., Ltd. 400,000 49% 50% 49% SITC Container Lines Thailand Co., Ltd. 12,000,000 49% 50% 49% SITC-Dinh Logistics Co., Ltd. 5,000,000 49% 50% 49% SITC Newport Logistics Co., Ltd 300,000 50% 50% 50% PT SITC Indonesia 2,800,000,000 49% 50% 49% Bangkok Container Depot Co., Ltd. 25,000,000 49% 50% 49% 125 2014

18. (c) 9,349 7,742 8,607 8,256 29,807 26,906 19. 10,812 10,400 (a) 22 26 (b) SITC Container Lines 20,000 100 40% Philippines, Inc. # 25% 58,000,000 APL-SITC Terminal 10 1 20% Holdings Pte. Ltd. # SITC Container Lines Philippines, Inc. 31,000 31,000 126

19. (c) 701 371 452 657 10,812 10,400 20. 57,127 8,262 21. 2,323 2,323 568 559 680 680 3,571 1,239 2,323 264,000 32,000 127 2014

22. 66,842 76,725 (209) (165) 66,633 76,560 15 55,839 64,932 8,523 9,339 1,849 1,681 422 608 66,633 76,560 165 6 47 163 (3) 2 209 165 128

22. 209,000 163,000 209,000 163,000 66,211 75,952 422 608 66,633 76,560 10,140,000 7,767,000 2,278,000 37,000 1,000 23. 26,900 25,725 16,853 11,456 61 43,753 37,181 61 129 2014

24. 102 695 145 301 247 996 878 10,303 2,531 3,225 3,409 13,528 695,000 695,000 25. 62,572 31,020 283 136 (a) 23,761 365,675 378,245 428,247 433,026 283 136 (b) (1,890) 428,247 431,136 283 136 130

25. (a) 1 14 (b) (c) 122,106,000 140,085,000 (d) 26. 114,352 128,208 16,031 9,248 6,484 3,093 4,427 4,913 141,294 145,462 467,000 499,000 2,270,000 2,156,000 739,000 15 45 131 2014

27. 31,319 31,172 11,302 11,072 42,621 42,244 28. 3,261 4,716 712 335 749 798 488 3,596 749 5,514 1,200 (282) (579) (690) (345) 3,314 170 4,824 855 132

28. 3,258,000 757,000 (1,256) 7,237 (2,002) (7,994) (3,258) (757) 3,791,000 302,000 723,000 1,534,000 133 2014

29. (%) (%) 1.25% 10,000 1.26% 10,000 1.26% 51,500 1.27% 4,000 1.27% 26,500 1.35% 5,000 LIBOR+0.8 - LIBOR+0.8 - LIBOR+2.75 41,568 LIBOR+2.75 35,873 2.39 792 2.39 792 2.49 792 2.49 792 131,152 56,457 LIBOR+0.8 - LIBOR+0.8 - LIBOR+2.75 259,726 LIBOR+2.75 252,624 5,544 2.39 6,048 5,544 2.49 6,035 270,814 264,707 401,966 321,164 131,152 56,457 43,152 37,457 128,408 121,972 99,254 105,278 401,966 321,164 134

29. (a) 133,260,000 91,299,000 17,294,000 5,373,000 17,990 5,351 (696) 22 17,294 5,373 (b) (c) 574,538,000 505,019,000 16,376,000 16,112,397,000 133,260,000 10,465,491,000 99,097,000 (d) SITC Shipowning Holding Pte. Ltd. 50,100,000 36,212,000 30. (a) (b) 2,022,000 4,403,000 (c) 10% 5% 10% 135 2014

30. (c) 18,424,000 9,195,000 (d) 31. 5,000,000,000 0.1 (ii) 500,000 500,000 2,588,769,000 2,585,273,000 0.1 258,877 33,378 258,527 33,333 2,584,500,000 258,450 33,323 3,165,335 407,872 441,195 (a) 773,000 77 10 2,128 274 284 2,585,273,000 258,527 33,333 3,167,463 408,146 441,479 ( (b)) 1,376,000 138 18 5,402 697 715 ( (c)) 2,120,000 212 27 5,837 753 780 2,588,769,000 258,877 33,378 3,178,702 409,596 442,974 136

31. (a) 773,000 1.968 32 0.1 773,000 1,521,000 196,000 684,000 88,000 (b) 1,376,000 3.824 32 0.1 1,376,000 5,262,000 679,000 278,000 36,000 (c) 2,120,000 1.968 32 0.1 2,120,000 4,172,000 538,000 1,877,000 242,000 32 32. 80,000,000 25% 3.824 4.78 20% 137 2014

32. 3.824 71,320 3.824 73,200 3.824 (1,376) 3.824 (2,620) 3.824 (1,880) 3.824 67,324 3.824 71,320 * 7,324 11,320 3.824 20,000 20,000 3.824 20,000 20,000 3.824 20,000 20,000 3.824 67,324 71,320 * 2,084,000 32,000 174,000 138

32. * 1.0 3.824 ( 80%) (%) 56.70 (%) 2.23 (%) 2.00 (%) 0.00 (%) 5.00 3 * 67,324,000 71,320,000 67,324,000 6,732,000 870,000 250,715,000 32,326,000 40,000 139 2014

32. 10% 1% 0.1% 10 1.00 (i) (ii) 140

32. 1.968 10,377 1.968 11,400 1.968 1.968 (250) 1.968 (2,120) 1.968 (773) 1.968 8,257 1.968 10,377 3.86 2.746 * 3,967 4,927 1.968 4,290 5,450 1.968 8,257 10,377 * 1,347,000 272,000 141 2014

32. (%) 6.12 (%) 53.25 (%) 1.44 10 3.5 8,257,000 10,377,000 8,257,000 826,000 106,000 15,424,000 1,989,000 30,000 142

33. 67 68 (a) (b) (c) (d) (e) 143 2014

33. (f) 2.4 (g) (h) (i) 144

33. 407,872 202 2,779 42,158 453,011 11 106,750 106,750 (39,966) (39,966) 12 (33,344) (33,344) 31 274 (88) 186 (78) 78 32 446 446 408,146 202 3,059 75,676 487,083 145 2014

33. 11 90,026 90,026 (274) (274) (274) 90,026 89,752 (49,988) (49,988) 12 (33,369) (33,369) 31 697 (36) 661 31 753 (242) 511 (68) 68 32 32 32 409,596 202 2,745 (274) 82,413 494,682 146

34. Tianjin Xin Hua Xi 60% 2,146,000 1,940,000 206,000 Qingdao Smart Cargo Logistics Co., Ltd.Qingdao Smart Cargo 60% 5,487,000 2,496,000 2,991,000 Tianjin Xin Hua Xi Qingdao Smart Cargo Tianjin Xin Hua Xi Qingdao Smart Cargo Tianjin Xin Hua Xi Qingdao Smart Cargo Tianjin Xin Hua Xi Qingdao Smart Cargo Tianjin Qingdao Xin Hua Xi Smart Cargo 1,523 2,939 4,462 9,273 9,273 156 5 161 171 171 368 167 535 (158) (158) (386) (2,149) (2,535) 1,674 10,235 11,909 (670) (4,094) (4,764) 16 1,142 1,142 5 (654) (654) 2,146 5,487 7,633 2,146 5,487 7,633 3,917 17 3,934 (283) 175 (108) 147 2014

34. Tianjin Xin Hua Xia Qingdao Smart Cargo 28,000 36,000 Tianjin Xin Hua Xi Qingdao Smart Cargo Qingdao Smart Cargo Tianjin Qingdao Xin Hua Xi Smart Cargo (2,146) (5,487) (7,633) 156 5 161 (1,990) (5,482) (7,472) (28) (36) (64) (2,018) (5,518) (7,536) 1,379,586,000 103,880,000 35. 493,562,000 394,080,000 401,966,000 234,835,000 36. 35 148

37. (a) 14 15 22,137 10,341 7,778 3,749 354 462 30,269 14,552 (b) 74,534 76,444 71,505 78,334 20,749 771 166,788 155,549 149 2014

38. 37 196,000,000 255,880,000 39. (a) (i) 17,153 16,453 (ii) 1,815 1,987 (i) 808 (iii) 1,707 1,203 (i) 64 73 (iii) 33 (i) 28 (i) 2 * (i) 133,446 56,911 * (i) 1,169 2,056 * (ii) 5,553 8,850 * (ii) 163 * (iv) 1,064 889 * (i) 1,362 1,502 * (iii) 2,817 2,560 * (i) 16 12 * (i) 57,127 18,521 * (iii) 540 493 * (i) 92 150

39. (a) (i) (ii) (iii) (iv) (b) 2,740 2,659 73 48 5 169 2,818 2,876 8 (c) (i) SITC Steamships SITC Steamships SITC Shanghai 3,400,000 SITC Shanghai SITC Steamships 14 (ii) 86,312,000 29 (b) * A 151 2014

40. 57,127 57,127 3,571 3,571 66,633 66,633 16,853 16,853 247 247 3,596 3,596 428,247 428,247 3,596 57,127 511,980 3,571 576,274 152

40. 141,294 141,294 31,319 31,319 3,409 3,409 749 749 401,966 401,966 749 577,988 578,737 153 2014

40. 8,262 8,262 1,239 1,239 76,560 76,560 11,456 11,456 996 996 5,514 5,514 1,890 1,890 431,136 431,136 5,514 8,262 522,038 1,239 537,053 154

40. 145,462 145,462 31,172 31,172 13,528 13,528 1,200 1,200 321,164 321,164 1,200 511,326 512,526 155 2014

40. 2,323 2,323 61 61 376,041 376,041 410,818 410,818 90,000 90,000 49,988 49,988 283 283 136 136 2,323 466,324 468,647 461,003 461,003 156

41. 2,323 2,323 568 559 568 559 3,596 5,514 3,596 5,514 6,487 6,073 6,487 6,073 749 1,200 749 1,200 2,323 2,323. 157 2014

41. 2,323 2,323 568 568 3,596 3,596 2,891 3,596 6,487 158

41. 559 559 5,514 5,514 559 5,514 6,073 2,323 2,323 159 2014

41. 749 749 1,200 1,200 160

42. 2.4 5% 50% 47% 39% 100 (1,138) 100 (1,093) (100) 1,138 (100) 1,093 100 (997) 100 (991) (100) 997 (100) 991 161 2014

42. 60% 68% 53% 43% 16% 12% % 5.0 9,190 (5.0) (9,190) 5.0 1,162 (5,964) (5.0) (1,162) 5,964 5.0 5,590 (5.0) (5,590) 5.0 689 (5.0) (689) * 162

42. 22 90% 12 32% 18% 137,595 48,598 139,249 105,781 431,223 141,294 141,294 33,042 33,042 3,409 3,409 216 144 216 195 771 315,556 48,742 139,465 105,976 609,739 163 2014

42. 63,762 43,807 135,615 113,516 356,700 145,462 145,462 31,170 31,170 13,528 13,528 855 143 184 18 1,200 254,777 43,950 135,799 113,534 548,060 164

42. 401,966 321,164 141,294 145,462 42,621 42,244 3,409 13,528 (428,247) (431,136) 161,043 91,262 790,933 743,349 (22,580) (8,544) 768,353 734,805 929,396 826,067 17% 11% 43. 165 2014

1,376,952 1,267,329 1,212,431 1,066,282 857,954 (1,210,874) (1,124,350) (1,070,664) (947,800) (693,391) 166,078 142,979 141,767 118,482 164,563 31,443 37,772 14,205 34,478 2,374 (69,375) (65,150) (60,682) (52,115) (41,251) (3,466) (185) (18,325) (4,576) (13,650) (9,504) (8,177) (3,369) (2,685) (1,849) 9,349 7,742 6,640 5,145 4,522 701 371 548 258 133 125,226 115,352 80,784 98,987 114,842 (4,130) (2,251) (2,293) (2,004) (1,518) 121,096 113,101 78,491 96,983 113,324 120,680 112,410 83,920 95,199 112,604 416 691 (5,429) 1,784 720 121,096 113,101 78,491 96,983 113,324 1,389,845 1,269,368 1,080,990 900,167 819,865 (592,651) (524,077) (387,851) (243,098) (222,382) 797,194 745,291 693,139 657,069 597,483 790,933 743,349 695,551 652,233 594,580 6,261 1,942 (2,412) 4,836 2,903 797,194 745,291 693,139 657,069 597,483 166