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Alpine Group Limited (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k)

Alpine Group Limited 1% 0.0027% 0.005% 0.01 32 342C http://alpinemotors.sg/

www.hkexnews.hk i

... i... ii... iii... 1... 19... 30... 32... 33... 50... 51... 55... 59... 61... 77 iii

... 89... 103... 179... 182... 196... 199... 200... 210... 284... 290... 291... 300... I-1... II-1... III-1... IV-1... V-1... VI-1 iv

General Motors 4S (i) (ii) (iii) (iv) Euromonitor 1.0%85% 4S T M 755757 Euromonitor 2.5%729 1

54.3 57.2 35.0 296.4 312.1 190.9 77.3% 74.1% 81.5% 22.7% 25.9% 18.5% Alpine 700 (i) (ii) (iii) (i) (ii)(iii) 2

General Motors General Motors 3

15.7% 15.7% 12.7% 5.0% 4.5% 3.2%4S 29.1% 22.2% 17.8% 41.3% 44.6% 46.0% 58.7% 55.9% 52.0% 5

General Motors General Motors General Motors General Motors 100% 100% 19.3% 17.9% 22.4% General Motors 17.6% 13.9% 9.9% 6.8% 11.4% 27.9% 1.6% 1.2% 1.1% 31.6% 23.6% 31.2% 4S General Motors 6

4S General Motors General Motors General Motors Alpine Motors Auto Germany General Motors General Motors General Motors 7

General Motors Thailand General Motors General Motors (i)(ii) 10 (a) 140 764 (b) 100% 8

General Motors (i) (ii) (iii) (iv) (v) (i) 9

(ii) General Motors 4S (iii) General Motors International (iv) (v) LNG Holdings LNG Holdings [56.25]% 10

54,278 57,159 21,573 34,955 (47,011) (49,007) (19,436) 31,573 (1,639) 261 (1,003) 140 (1,592) 62 (916) (53) 64,212 70,035 70,263 10,520 10,755 15,443 35,753 34,516 41,603 (25,233) (23,761) (26,160) 38,979 46,274 44,103 32,397 39,630 37,512 6,582 6,644 6,591 11

13,233 12,227 665 1,028 3,378 (1,410) 375 (699) (16,473) (9,571) (477) (1,711) 138 1,246 (187) (1,382) 13.4% 14.3% 9.7% (2.9%) 0.1% (0.2)% (24.2%) 0.9% (0.8)% (2.1%) 0.1% (0.1)% 0.29 0.31 0.37 0.09 0.15 0.16 887.8% 989.7% 1,050.4% 998.6% 1,060.7% 1,165.5% 0.07 1.12 1.14 12

a) (i) Alpine80% (ii)(iii) b) (i)alpine (ii) 23.8 129.7 26.2 142.8 General Motor c) (i) General Motors(ii) 13.2 72.1 12.2 66.6 d) (i) 1,094,000 5.97 (ii) e) (i) 185,000 1 (ii) 13

f) CEVS CEVS General Motors Cruze 1.6 Orlando 58% CEVS 14

287 249 38 169 Astra Astra Sports Tourer Adam 426 339 87 123% Alpine Motors 66 2.43 13.28 33 23.8 129.7 26.2 142.8 General Motors 0.31 0.15 0.370.16 15

1 2 1. 2. 3.4 18.6 16

% 100 % % A [ 10.1] [55.1] 3.7 % 17

a) b) General Motors Astra Adam c) d) 18

13 Alpine Car Rental Alpine Car Rental Pte. Ltd. Alpine Credit Alpine Credit Pte. Ltd. 50% Alpine Far East Alpine Far East Limited Alpine Global Alpine Global Pte. Ltd. 50% Alpine Insurance Alpine Insurance Agency Pte. Ltd. 99.99% 0.01% Alpine Leasing Alpine Leasing Pte. Ltd. 50% Alpine Motors Alpine Motors Pte. Ltd. Alpine United Alpine United Pte. Ltd. 19

Auto Germany Auto Germany Pte. Ltd. Alpine Land & Realty Pte. Ltd. Executive Car Leasing Pte. Ltd. 70 20

1 6 Alpine Motors General Motors ODLLC Alpine Motors General Motors ODLLC General Motors Thailand 50 22 622 32 21

LNG Holdings 36 52A Alpine Credit Alpine Global Alpine Insurance 91 91A Euromonitor Euromonitor International Limited 22

Alpine Credit 1st Autoworks Alpine Leasing Alpine Global Pacific Alpine LNG Holdings PKW Holdings www.hkgem.com General Motors General Motors Company General Motors General Motors ODLLC General Motors Thailand General Motors International General Motors International Operations Pte Ltd General Motors ODLLC General Motors Overseas Distribution LLC General Motors Thailand General Motors (Thailand) Limited 23

125 133 Euromonitor [ ] LNG Holdings LNG Holdings Limited 158A 24

1st Autoworks 189 (i) General Motors ODLLC General Motors Thailand Alpine Motors (ii) General Motors ODLLC General Motors Thailand Auto Germany 25

Alpine Leasing Alpine Car Rental Alpine Leasing Alpine Leasing Alpine Car Rental Auto Germany General Motors ODLLC Auto Germany General Motors ODLLC General Motors Thailand Pacific Alpine Pacific Alpine Pte. Ltd. Alpine Global 45% 55% 26 PKW Holdings PKW Holdings Limited 26

272A 276 571 0.01 Colin Ng & Partners LLP Blumenthal Richter & Sumet Ltd. 354 28

354A 1st Autoworks 1st Autoworks Pte. Ltd. First Garage Pte. Ltd. 50% % 29

4S 4S Alpine 7 Ubi Close, Singapore 408604 4S B General Motors ERP 6 6 30

M General Motors S T V 31

10 - Euromonitor 1,600cc 12,330.3 60,601.0 67,323.4 330,881.5 10 Euromonitor1,600cc 49,824 32,619 1,600cc 26,580 21,475 140 20,000.0 100% 30,000.0 140% 50,000.0180% 33

50% 60% 60% 70% Euromonitor (i)(ii)(iii) 34

General Motors 4S General Motors 4S 77.3% 74.1% 81.8% General Motors Thailand General Motors Thailand General Motors General Motors Alpine Motors Auto Germany General Motors General Motors General Motors Thailand 35

General Motors General Motors Thailand General Motors Thailand General Motors International General Motors International General Motors International General Motors International 1.7% 4.0% 2.9% General MotorsGeneral Motors International General Motors International General Motors General Motors International200 General Motors International (i) (ii) (iii) General Motors International52 83 [83] 7.5% 15.6% 16.5%General Motors International General Motors General Motors International 36

General Motors General Motors General Motors General Motors 100,000 General Motors General Motors 264,000 288,000 173,000 1.4 1.6 0.9 0.6% 0.6% 0.5% General Motors General Motors 59.1% 61.1% 74.2% 18.2% 13.0% 7.2% 37

General Motors Alpine 55.1 41.4 43.0 55.1 41.4 43.0 38

General Motors General Motors 1. 3 1.2 0.7 6. 9 6.4 3.6 General Motors General Motors General Motors General Motors General Motors General Motors General Motors General Motors General Motors General Motors General Motors General Motors 39

General Motors General Motors General Motors General Motors 25.2 23.8 26.2 137.8 129.7 142.8 13.2 12.2 72.3 66.8 1.0 5.7 40

11.1% 11.1% 7.1% 21.2% 23.4% 20.9% 30 (i)alpine Motors Auto Germany (ii)alpine Motors Auto Germany (iii)alpine Car Rental 41

- 90% 621 729 108 755 42

0.7 0.8 0.3 3.8 4.4 1.6 General Motors (i)general Motors (ii) General Motors (iii) General Motors General Motors General Motors General Motors 43

10 LNG Holdings [ %] 44

General Motors 46

[ ] 20 50

404 Upp Changi Road Singapore, 486933 173 Tanjong Rhu Road #10-05 Singapore, 436932 24 Nim Green Singapore, 807643 57 Bin Tong Park Singapore, 269830 Blk 555 Woodlands Drive 53 #07-29 Singapore, 730555 55

99 15 1504 28 45 1602 Colin Ng & Partners LLP 36 Carpenter Street Singapore, 059915 Blumenthal Richter & Sumet Ltd. 31st Floor, Abdulrahim Place 990 Rama 4 Road Bangkok 10500 Thailand 56

Conyers Dill & Pearman Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands Conyers Dill & Pearman 8 29 15 10 1002-3 Equity Law LLC 7 Temasek Boulevard #43-03 Suntec Tower One Singapore, 038987 18 42 069536 135 MYP #10-01 57

26 38 3806 58

Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands Alpine Centre 7 Ubi Close Singapore, 408604 148 204-5 http://alpinemotors.sg/ 288 9 D 404 Upp Changi Road Singapore, 486933 288 9 D [ ] [ ] [ ] 59

[ ] [ ] [ ] [ ] [ ] [ ] 12 Marina Boulevard, Level 43 DBS Asia Central Marina Bay Financial Centre Tower 3 Singapore, 018982 200 Jalan Sultan, #05-03 Textile Centre Singapore, 199018 60

Euromonitor International Limited Euromonitor International Limited Euromonitor International Limited Euromonitor Euromonitor Euromonitor EuromonitorEuromonitor 61,050 Euromonitor Euromonitor Euromonitor a. Euromonitor Passport b. Euromonitor Euromonitor Euromonitor InternationalEuromonitor a. b. c. 61

d. e. Euromonitor Euromonitor Euromonitor 0.714 0.667 0.714 0.769 0.833 0.769 0.769 0.714 5.571 5.200 5.571 6.000 6.500 6.000 6.000 5.571 Euromonitor International (International Financial Statistics) 3 14 3 10,000 62

10 10 10 (PQP) 5 10 A B C E 10,000D 200 A 49,824 35,872 18,437 12,795 12,460 8,428 12,135 32,619 B 26,580 20,122 13,296 9,570 8,405 8,061 11,051 21,475 A 12,330.29 11,600.04 30,404.75 48,206.25 63,898.04 74,690.00 67,675.00 60,601.00 B 13,411.71 12,412.29 39,834.13 64,937.71 84,430.58 78,711.54 73,282.00 66,581.00-1,081.42-812.25-9,429.38-16,731.46-20,532.54-4,021.54-5,607.00-6,250.00 Euromonitor International A B1,000 A B 10,000 B 20,000 A B 4,000 AA A B 5,600 6,250 63

3 3-10 10 12,000 10,000 8,000 6,000 4,000 2,000 0 Euromonitor International 120,000 100,000 80,000 60,000 40,000 20,000 0 64

97,348 28,932-18.3% -23.6% A A A A B A AA 152.1% 99.0% 138.2% 72.3% 19.9% 45.5% 12.6% 32.6% * 120,000 100,000 80,000 60,000 40,000 20,000 0 * 116,741 117,526 110,855 102,508 97,298 71,639 41,894 30,758 28,343 29,466 23,011 61,372 107,529 104,943 96,602 (9 - < (8 - < (7 - < 10)** 9)** 8)** 65

1) 2) 3) 10 10 (PQP) 5 10 * 1) 0% 2) 10 3)4) ** 10 Euromonitor International 117,526 41,894 23,011 29,466 61,372 10 7 10 309,074 309,074 214,844 44% 66

A 75.3% 59.5% 85% (LTV) 60% 70% (PI) 26 24 24 26 25 26 24 24 24 24 8.3% -3.8% 4.0% -7.7% 0.0% 0.0% 0.0% Euromonitor International 67

5-10% 99.0% * Borneo Motors 12,428 Kah Motor 7,916 Tan Chong International Group 7,242 Eurokars Group of Companies 5,582 Cycle & Carriage 3,651 Volkswagen Group Singapore 3,056 Komoco Holdings 1,805 Sime Darby Motors Group 848 Alpine Group 424 Wearnes Automotive 316 118 43,386 * * Tan Chong Eurokars International Group of Borneo Motors Kah Motor Group Companies Cycle & Carriage Toyota Honda Nissan MINI Mitsubishi Subaru Mazda Kia Saab Citroen Volkswagen Komoco Sime Darby Wearnes Group Singapore Holdings Motors Group Alpine Group Automotive Volkswagen Hyundai Ford Chevrolet Renault Dodge Peugeot Opel * Euromonitor International 68

43,386 47% 57,589Alpine Group 424 200,000 69

13.1% 9.9% (Vehicle Rental Association) (Car Sharing Association) 70

10 10 71

35 300 30 25 20 15 10 5 250 200 150 100 50 0 0 Euromonitor International 13.1% 0.4% 14.9% 18,847 56% 29,369 72

Euromonitor International (i) 24(ii) 73

(iii)p2p icarsclub Whizz (iv) RydeShareTransport.sg Grab Uber Grab Uber 80% 74

ETHOZ Group Ltd 1,800 ComfortDelGro Rent-A-Car 1,227 Prime Car Rental and Section Credit & Motor Leasing 1,150 Motorway SsangYong 950 Alpine 729 23,513 29,369 Euromonitor International 20% Grab Uber 240 ipad 75

Drive.SG Drive.SG 76

(a) (b) (c) 10 10 (5) 10 5C5 3% 1.5% 1% 0.5% 0.25% 77

A 1,600 1,600 97 130 B 1,601 1,600 97 130 C D E ERP ERP ERP 78

General Motors ODLLC Alpine 4 5 3 CEVS 161 5,000 135 79

A1 100 20,000 30,000 95 30,000 45,000 A2 101-120 15,000 22,500 96-105 15,000 22,500 A3 121-140 10,000 15,000 106-120 10,000 15,000 A4 141-160 5,000 7,500 121-135 5,000 7,500 B 161-210 0 0 136-185 0 0 C1 211-230 5,000 7,500 186-200 5,000 7,500 C2 231-250 10,000 15,000 201-215 10,000 15,000 C3 251-270 15,000 22,500 216-230 15,000 22,500 C4 270 20,000 30,000 230 30,000 45,000 140 20,000 109,000 100% 30,000 164,000 140%50,000 180% 20,000 109,000 60% 70% 20,000 109,000 50% 60% 80

(PARF) 10 55,000 300,000 3 (a) (b) (a) 30% 20,000 109,000 (b) 40%20,000 109,000 (7) 81

S S 2,200 3,300 18,020 33 258S 12 15,000 82,000 84

S 10% 12 15,000 82,000 2 1,600 9,000 85

1 (6) (6) 2 86

4S (i) (ii) (iii)(iv)4s 25 Euromonitor Euromonitor 1.0% Alpine Car Rental Alpine Motors Auto Germany Alpine Land & Realty Pte. Ltd. Executive Car Leasing Pte. Ltd. General Motors 2,000 1,000 89

Auto Germany General Motors Alpine 7 Ubi Close, Singapore 15,405 3,000 700 Astra 125% Alpine Car Rental Alpine Car Rental Alpine Car RentalAlpine CreditCycle & Carriage Co (Industries) PteAlpine CreditB Alpine CreditAlpine Car RentalAlpine Car Rental 200,000 1,092,000 Alpine Car Rental Alpine Motors Auto Germany Alpine Motors Alpine Motors Alpine Motors Alpine Motors 90

Auto Germany Auto Germany Auto Germany Auto Germany Auto Germany 7 Ubi Close, Singapore 18,900,000 103,194,000 Alpine 908620 314 287 729 755 91

Alpine Far East 50,000 1.00Alpine Far East Alpine Far East Alpine United Alpine United 2.00 1.00 0.01 LNG Holdings Alpine Far East Alpine United Alpine Far East Alpine Far EastPKW Holdings Alpine Credit Alpine United Alpine Credit Alpine Motors Auto Germany Alpine Car Rental Alpine United Alpine United Alpine Far East Alpine UnitedAlpine Motors Alpine Germany Alpine Car Rental Alpine Far East PKW Holdings LNG Holdings (Prevention of Corruption Act)241 PCA PCA 28(a)10,000 (Registration of Criminals Act)268 92

11.06 5.02 LNG Holdings 25% PKW Holdings PKW Holdings PKW Holdings LNG Holdings 4949 0.49 0.49 PKW Holdings LNG Holdings2525% 2,700,000 14,742,000 10,802,000 58,979,000 LNG Holdings PKW Holdings 75% 25% PKW Holdings 25% PKW Holdings 93

(1) Alpine Credit Alpine Credit Alpine Credit 50% Alpine Credit Alpine Credit Alpine Credit 2.3 12.6 0.1 0.6 Alpine Credit(i) (ii) Alpine Credit, Alpine Credit Alpine Credit Alpine Credit 125 393 394 52A Alpine Credit Alpine Credit Alpine Credit Alpine Credit Alpine Credit Alpine Credit Alpine Motors Alpine Credit Alpine Credit Alpine Motors50,000 273,000 94

Alpine MotorsAlpine Credit 833 Bukit Timah Road, #01-01, Singapore 279887 Bukit Timah 5,000,000 27,300,000Bukit Timah Alpine MotorsAlpine Credit Alpine Motors Alpine Credit Bukit Timah Bukit Timah Alpine Credit Alpine Alpine MotorsAlpine Credit (2) 1st Autoworks 1st Autoworks 1st Autoworks 50% 50% 1st Autoworks 22.3% 36.8% 1st Autoworks 1st Autoworks 1st Autoworks -- 1st Autoworks 1st Autoworks 1st Autoworks 1.2 6.4 0.3 1.4 1st Autoworks 1st Autoworks 95

(3) Alpine Leasing Alpine Leasing Alpine Leasing 50% 50% Alpine Leasing Alpine Leasing 58,000 317,000 4,000 22,000 Alpine Leasing Alpine Car Rental Alpine Leasing Alpine Leasing 68 Alpine Car Rental Alpine Leasing 11 Alpine Leasing Alpine Leasing (4) Alpine Global Pacific Alpine Pacific Alpine Alpine Global 45% Alpine Global 50% Pacific Alpine 55% Pacific Alpine General Motors (Thailand) Pacific Alpine 5.3 28.9 0.2 1.0 Alpine Credit 1st Autoworks Alpine Leasing Alpine Global Pacific Alpine 96

LNG Holdings PKW Holdings 97

100% LNG Holdings () [ %] [ %] () 100% 100% Alpine Far East () 100% Alpine United ( ) 100% 100% Alpine Motors Auto Germany Alpine Car Rental ( ) ( ) ( ) 98

General Motors General Motors General Motors OPLLCAlpine Motors Auto Germany PKW Holdings LNG Holdings 25% General Motors Thailand General Motors Thailand 25% General Motors Thailand (a) General Motors (b) General Motors Thailand (c) General Motors (d) 99

(e) Alpine Motors Auto Germany General Motors Thailand General Motors Thailand General Motors Thailand General Motors Thailand General Motors General Motors General Motors 100

1) General Motors General Motor 2) 1) General Motors 2) 3) General Motors General Motor General Motor General Motors Thailand General Motors Thailand 101

102

25 General Motors 4S (i) (ii) (iii) (iv) 4S T M HB V 54.3 57.2 296.4 312.1 (1.6) 62,000 (8.7) 339,000 35.0 190.9 53,000 289,380 % % 41,981 229,216 77.3% 42,363 231,302 74.1% 15,581 85,072 28,478 155,490 1 12,297 67,142 22.7% 14,796 80,786 25.9% 5,992 32,716 6,477 35,364 54,278 296,358 100% 57,159 312,088 100% 21,573 117,789 34,955 190,854 1 10.8 13.6 5.3 6.1 58.9 74.2 28.8 33.61.5 1.2 0.7 0.3 8.2 6.6 3.9 1.8 103

General Motors 4S General Motors General Motors Euromonitor 1.0% 280340 287 59.1% 61.1% 74.2% 236278249 44 62 38 27.7 28.7 22.6 151.3 156.7 123.6 86.4% 82.2% 87.2% 4.4 6.2 3.3 23.8 34.0 18.1 13.6% 17.8% 12.8% 9.9 54.0 7.4 40.6 2.5 13.8 104

4S Euromonitor 2.5%729 755757 10.8 13.6 6.1 58.9 74.3 33.6 19.8% 23.8% 17.6% 91.5% 93.3% 96.3% 7.6% 4.3% 3.7% Euromonitor1 30 30 General Motors 4S 621 729 755 108 26 105

(i) (ii) (iii) 77.3% 74.1% 81.5% 22.7% 25.9% 18.5% Euromonitor 2.5% 729 55.9% 29,369 Euromonitor 19.8% 23.8% 106

17.6% 24.4% 109.8% 16.6% 91.8% 82.0% 73.0% 93.3% 80.4% 95.0% 316 366 273 290 300 200 91.8 82.0 73.3% 134 92 41 125 74 39 93.3 80.4 95.1% 450 458 314 415 374 239 92.2 81.7 76.1% 80 889030 24 3 107

General Motors General Motors General Motors General Motors Euromonitor 4S General Motors General Motors 4S General Motors General Motors General Motors ODLLC General Motors General Motors General Motors General MotorsGeneral 108

Motors General Motors General Motors ERP ERP ERP 24 24 4S 9.9 7.4 54.0 40.6 18.2% 13.0% 2.5 13.8 7.2% 109

General Motors General Motors General Motors General Motors 30 Alpine Motors Auto Germany 20 Alpine Motors Auto Germany Alpine Car Rental Alpine Motors Auto Germany General Motors 110

ERP ERP 4S 111

24 24 24 112

General Motors General Motors General Motors General MotorsGeneral Motors (i) (ii) (iii) (iv) General Motors General Motors General Motors General Motors General Motors Cruze Astra Astra Sports Tourer Adam General Motors General MotorsMalibu General Motors (CEVS) 6 113

General Motors General Motors ERP (i) (ii) (iii) 114

Sonic 1.4 63 General MotorsCorsa 10,000 Corsa Corsa 10,000 Cruze SonicAstra Insignia Corsa 10,000 54,600 Corsa 4 Meriva 16 General Motors 3A Astra1.015,000 Adam 1.0 10,000 81,900 54,600 Cruze 1.4Turbo B 16,123 (5,000) 0 Cruze Wagon 1.4Turbo B 16,730 (5,000) 0 Cruze 1.6 Auto A 14,350 0 Malibu 2.4 B 21,374 0 5,000 1 Orlando 1.4Turbo B 16,905 0 0 Captiva 2.4 B 21,146 5,000 15,000 1 1 Sonic 1.4 A 13,442 (5,000) 0 Forte K3 1.6 A 14,413 (5,000) 0 Optima 2.0 B 22,580 0 0 Sorento 2.4 B 27,888 0 0 115

Mazda2 1.5 A 15,239 (10,000) Mazda3 1.5 A 15,412 (10,000) (5,000) Mazda6 2.0 B 18,792 (10,000) 0 Mazda5 2.0 B 17,339 (5,000) 0 Mazda CX5 2.0 B 20,933 (5,000) 0 Almera 1.5 A 13,661 (5,000) 0 Sylphy 1.6 A 15,900 (5,000) 0 Teana 2.0 B 23,631 0 0 Qashqai 1.2 A 19,109 (10,000) (5,000) Qashqai 2.0 B 20,238 (5,000) 0 X-trail 2.0 B 21,934 0 0 Accent 1.4 A 11,222 (5,000) 0 Elantra 1.6 A 13,515 0 0 Tucson 2.0 B 19,815 0 0 Santa Fe 2.4 B 27,546 0 15,000 1 Jazz 1.3 A 13,817 (10,000) (5,000) City 1.5 A 17,530 (10,000) (5,000) HRV 1.5 A 20,259 (5,000) 0 Civic 1.6 A 20,865 0 0 Mobilio 1.5 A 18,740 (5,000) 0 CRV 2.4 B 29,178 0 5,000 1 Corsa 1.4 A 14,101 (10,000) 0 Meriva 1.4 A 17,279 0 0 Astra 1.4 B 20,500 (5,000) 0 Zafira 1.4 B 25,500 0 0 Insignia 1.6 B 27,500 (5,000) 0 116

Polo 1.2 A 17,470 (15,000) (10,000) Golf 1.2 A 18,083 (15,000) (10,000) Golf 1.4 A 19,227 (15,000) (10,000) Touran 1.6 A 25,020 (10,000) (5,000) Passat 1.8 B 28,912 0 (5,000) 308 1.2 A 19,872 (15,000) (10,000) 3008 1.6 A 20,339 (15,000) (10,000) 5008 1.6 A 22,861 (15,000) (10,000) 508 1.6 A 26,376 (10,000) (5,000) Altis 1.6 A 17,795 (5,000) 0 Avanza 1.5 A 17,343 0 0 Camry 2.0 B 27,591 0 0 Prius C 1.5 A 24,178 (20,000) (30,000) Wish 1.8 B 23,454 (5,000) 0 1 Kia Hyundai Mazda Nissan Peugeot Volkswagen Toyota Epica 1,842 683 78.2% 68.4% 683 General Motors Epica 69.7% 55.1% 117

(i) AB 20,86516,489 A 12,460 8,428B8,4058,061 1,842 683 (ii) (iii) 100 100180% General Motors 1.2 6.4 1.3 6.9 (i) (ii) 53% B 118

75% General Motors Cruze 1.6CruzeB A General Motors Alpine Motors Orlando 1.0 1.4 Astra 58% Alpine Motors 66 2.4 13.3 33 General Motors General Motors General Motors 4S General Motors General Motors 119

General Motors General Motors General Motors GM GM GM GM General Motors General Motors General Motors IT General Motors General Motors General Motors General Motors ODLLC General Motors Thailand 120

General Motors General Motors General Motors ODLLC General Motors Thailand Chevrolet Sales (Thailand) Ltd General Motors International 4S General Motors Thailand General Motors International General Motors General Motors General MotorsGeneral Motors General Motors International General Motors 52 8383 General Motors 100% 100% 19.3% 17.9% 22.4% General Motors 17.6% 13.9% 9.9% 11.1 60.6 10.5 57.3 9.7 53.0 General Motors International 0.9 5.02.3 12.6 105.6 1.7% 4.0% 2.9% General Motors General Motors 4S General Motors International General Motors International 121

General Motors General Motors General Motors 100 Aveo/Sonic 4 1,398 6 175 6.4 152 5 4 DOHC 16 Captiva DOHC Ecotec 2,384 6 181 9.2 219 7 Cruze 4 16 1,362/1,598 6 185/202/204 6.8/7.4 157/174 5 5 DOHC Malibu 4 DOHC 2,384 6 206 7.8 187 5 Orlando 4 16 1,362 6 191 7.1 165 7 Spark DOHC 995 4 143 6 143 5 Colorado 2500/2800 5 8.5/8.7 222/246 Cruze Orlando Sonic Sonic 122

General Motors / /100 Astra 5 4 16 1,364/1,598 6 198/212 6.7/6.8 157/159 5 Astra GTC 4 16 1,362/1,598 6 200/210 6.8/6.7 159/158 5 Cascada 4 16 1,598 6 217 7.2 168 2 Combo 4 16 1,598 6 164 5.4 143 Insignia 4 16 1,598 6 210 6.6 155 5 Zafira Tourer 4 16 1,362/1,598 6 197/208 7.2 169 7 Vivaro DOHC 1,598/1,995 6 168/160 6.5/7.4 170/195 Meriva DOHC 1,364 6 185 7.2 169 5 Corsa DOHC 1,398 6 170 6 140 5 Zafira Tourer Insignia Astra 5 Meriva 123

4S General Motors General Motors General Motors 2 2 2 Aveo/Sonic 10 90,686 53 90,286 13 81,718 Captiva 28 136,339 10 132,005 1 Cruze 1 92 105,583 89 103,570 5 92,979 Malibu 16 130,117 12 118,926 2 110,052 Orlando 90 122,045 105 113,838 118 97,782 Cruz 3 104 85,277 1. 1.4 2. 3. 1.6 124

1 1 1 Combo 12 78,931 10 80,235 7 80,152 Insignia 0 4 134,240 7 115,826 Zafira 9 146,245 2 139,544 2 115,698 Vivaro 20 84,466 13 81,064 15 82,765 Meriva 2 16 105,663 6 96,158 1. 2. Meriva Alpine Car Rental % % 27,717 151,335 86.4% 28,702 156,713 82.2% 10,798 58,957 22,630 123,560 4,368 23,849 13.6% 6,218 33,950 17.8% 1,568 8,561 3,318 18,116 32,085 175,184 100% 34,920 190,663 100% 12,366 67,518 25,948 141,676 125

236 278 249 44 62 38 280 340 287 117 103 91 99 100 87 115 103 90 27.7 4.4 151.3 23.8 86.4% 13.6% 28.7 6.2 156.7 34.0 82.2% 17.8% 22.6 3.3 123.6 18.1 87.2% 12.8% 126

4S General Motors General Motors General Motors 4S General Motors General Motors General Motors General Motors Alpine Motors Auto Germany General MotorsGeneral Motors General Motors 127

General Motors ODLLC General Motors Thailand Alpine Motors General Motors ThailandAlpine Motors90 Auto Germany Auto Germany General Motors ThailandAuto Germany Auto Germany 3 General Motor ThailandGeneral Motor Thailand Alpine Motors Auto GermanyGeneral Motors ODLLC General Motors Thailand Auto GermanyGeneral Motors Thailand 128

General MotorsGeneral Motors Thailand General Motors General Motors ODLLC General Motors International General MotorsGeneral Motors ODLLC General Motors Thailand General Motors ODLLC General Motors ThailandGeneral Motors ODLLC General Motors ODLLC Alpine Motor Auto Germany General Motors Thailand General Motors General Motors General Motors General Motors Meriva Astra Zafira 1,500 500 Insignia 1,800 600 Vivaro 1,200 400 129

119.53 477.76 283.33 General Motors General Motors 154.1 213.9 General Motors General Motors General Motors General Motors General Motors 130

General Motors Thailand General Motors Thailand Orlando J309 12,513 Orlando J309 11,813 Insignia Z3700 17,184 Insignia Z3700 16,234 Vivaro X82 17,259 Vivaro X82 15,949 General Motors General Motors Orlando A A B General Motors GM Korea Company General Motors General MotorsGeneral Motors ODLLC General Motors Thailand 131

General Motors Thailand General Motors General ODLLC General Motors Thailand General Motors4S (i)(ii) General Motors (a) General Motors General Motors General Motors 1900 962 800 1427 950 250 2280 110 1263 326 951 138 275 123 316 134 189 127 366 92 132

General Motors General Motors General Motors 2% 3% CEVS 6 (i) (ii)(iii) 133

(i)(ii) General Motors MAP General Motors 2,000 (b) General Motors General Motors General Motors General Motors General Motors (i) General Motors(ii) General Motors (iii) General Motors ODLLCAlpine Group(iv) General Motors General Motors 134

A B 1 2 73,916 1,917 84,788 2,531 87,268 3,021 81,472 2,443 76,404 1,581 55,994 1,684 31,733 1,052 22,365 707 20,865 536 16,489 376 23,186 395 54,094 424 1. A B 2. 10 0.5% 395 424 23,186 54,094 AB 135

A B Euromonitor Euromonitor Euromonitor Euromonitor Corsa Meriva General Motors General Motors 136

General Motors Cruze1.6 CruzeB A Orlando 58% Astra 1.0 1.415,000 81,9005,000 27,300 137

General Motors General Motors 138

General Motors General Motors General Motors General Motors ERP General Motors 5,000 27,000 139

237 252 255 43 88 32 280 340 287 43 38 5 88 80 8 156,000 852,000 780,000 4,259,000 27.9% 3.4% 140

0.5% 1.0% Alpine Credit Alpine Credit 8% Alpine Credit Alpine Credit General Motors General Motors General Motors 141

% % % % 7,717 42,135 78.0% 5,548 30,292 74.5% 1,568 8,561 65.1% 1,769 9,659 69.9% 2,179 11,897 22.0% 1,895 10,347 25.5% 841 4,592 34.9% 761 4,155 30.1% 9,896 54,032 100% 7,443 40,639 100% 2,409 13,153 100% 2,530 13,814 100% General Motors General Motors General Motors General Motors General Motors 142

General Motors 1,000 1,500 10,000 1st Autoworks 1st Autoworks 1st Autoworks General Motors General Motors General Motors 143

General Motors 100,000 General Motors General Motors 1,628 General Motors General Motors General Motors ERPGeneral Motors General Motors General Motors 144

General Motors General Motors General Motors General Motors General Motors 1st Autoworks 1st Autoworks Euromonitor 217 295 307 151 177 180 T 166 152 149 M 39 53 60 40 44 50 V 3 4 4 B 5 4 5 621 729 755 145

621 729 755 T MB V 96% 100% 60 1 5.5 90% 46.7 46.1 255.0 251.7 30 30 146

90% 1,000 5,000 5,460 27,300 24 30 Alpine 12 147

30 30 10% 10.8 13.6 58.9 74.2 19.8% 23.8% 91.5% 93.3% 7.6% 4.3% 6.1 33.6 16.6% 17.6% 148

149

12%-15% 30 24 1st Autoworks 150

100,000 151

3 ERP ERP 152

Alpine Credit Alpine Credit 1.5 1.2 332,000 8.2 6.6 1.8 12.6% 8.1% 5.1% 10 10 10 10 12,504,630 15,240,255 6,477,000 10 10 10 393 463 460 96 132 179 132 134 116 97% 98% 96% 153

Euromonitor 77 7 7 Grab Uber EuromonitorGrab Uber Grab Uber Grab Uber Euromonitor Grab Uber Euromonitor 80% 154

4S 4S 37.3 37.7 26.4 203.8 205.7 144.4 General Motors General Motors General Motors General Motors General Motors General Motors General Motors T M H 9.7 11.3 5.1 52.9 61.9 28.0 155

24.2 132.2 26.5 144.7 9.7 53.0 51.5% 54.1% 56.9% General Motors General Motors 100% 100% 19.3% 17.9% 22.4% General Motors 17.6% 13.9% 9.9% 6.8% 11.4% 27.9% 1.6% 1.2% 1.1% 31.6% 23.6% 31.2% 60 156

5% ERP 157

ERP 4S ERP 158

Alpine Alpine Cars@Expo General Motors Singapore Press Holdings (SPH) Cars@Expo Astra General Motors General Motors 159

ERP General Motors 24 24 24 160

% % % 34,334 187,464 63.3% 39,431 215,293 69.0% 25,317 138,231 72.4% 19,944 108,894 36.7% 17,728 96,795 31.0% 8,433 46,044 24.1% 1,205 6,579 3.5% 54,278 296,358 100% 57,159 312,088 100% 34,955 190,854 100% 15.7% 15.7% 12.7% 5.0% 4.5% 3.2% 5% 4S 4S 29.1% 22.2% 17.8% 161

Alpine Car Rental 41.3% 44.6% 46.0% 58.7% 55.9% 52.0% 90% General Motors General Motors 162

30 30 30 163

128 S 12 27 5 8 54 3 3 14 1 1 164

[] General Motors General Motors General Motors General Motors General Motors 816 2,8821,004 4,455 15,735 5,482 General Motors B. 2. 165

(i) (ii) Euromonitor Euromonitor 46.9%(i) T 12,428 28.6% (ii) 7,916 18.2% 424 1.0% 314 Euromonitor Euromonitor Euromonitor Euromonitor 240Alpine Car Rental 166

167

- GMGM 168

7 Ubi Close Alpine 15,405 4S General Motors ODLLC Alpine Credit Alpine Credit 169

Alpine Motors Alpine Motors Alpine Motors Alpine Motors Auto Germany Auto Germany Alpine Motors Auto Germany Alpine Motors Auto Germany 170

171

172

General Motors 13 10,000 54,600 5,000 27,300 44A Alpine Motors Auto Germany 173

Alpine United Alpine Far East 3.4 Alpine United Alpine United Alpine United Alpine United 403(1) 403(2) 403 5,000 12 Alpine United Alpine Far East Alpine United 1,150 AlpineUnited 407(1) 407(2) 1,000 174

(a) (b) Alpine Motors Auto Germany (c) Alpine Motors Auto Germany Attorney-General s Chambers Alpine United Alpine Far East3.4 AU Alpine United Alpine United Alpine United Alpine Far EastAlpine United1,150 Alpine United Alpine Far East Alpine United 403(1) AU 407(1) 403(1) 407(1) 403(1) Alpine UnitedAU 407(1) 403(1) Alpine United(i)Alpine United1,150(ii)Alpine Far East Alpine United1,150 Alpine United AU Alpine United 407(1) 403(1) Alpine United 1,000 175

Equity Law LLC (1) (2) 176

(3) 15 (4) (5) (6) 6A.19 (7) 5.01 5.02 11.07 11.06 (1) (2) (3) 177

(4) (5) (6) 178

Alpine Credit 1st Autoworks 50% Alpine Credit 1st Autoworks Alpine Credit Alpine Motors Alpine Alpine Alpine 12,700 69,000Alpine Credit Alpine CreditAlpine 24 AlpineAlpine Credit Alpine Credit Alpine Motors 94,200 152,400 514,000 832,000 Alpine CreditAlpine Alpine Credit 152,400 152,400 152,400 832,000 832,000 832,000 Alpine Alpine 20 Alpine 5% 3,000,000 Alpine 20.74 179

1st Autoworks 1st Autoworks (i) (ii) 1st Autoworks 250,000 429,000 274,000 1.4 2.3 1.5 1st Autoworks 1st Autoworks 700,000 800,000 800,000 3. 8 4.4 4.4 )(a) 1st Autoworks (b) 5 % 5% 25%3.0 10.0 180

(a) (b) (c) 1st Autoworks 1st Autoworks (i)(ii) (iii) 20.103 [ ] (i)(ii) 20.32 20.49 20.50 20.51 20.52(1) 20.52(2) 20.66(1) 20.57 181

64 52 51 49 54 182

53 Alpine Motors Alpine Motors Auto Germany Auto Germany 48 60 Alpine Car Rental Alpine Car Rental 50 47 183

64 34 Cycle & Carriage Co (Industries) Pte. Ltd - Alpine CreditAlpine Credit - Alpine Car Rental Alpine Motors LNG Holdings % [56.25]% XV 52 Alpine Motors Auto Germany 184

23 Alpine MotorsAlpine Motors Alpine Motors Alpine Insurance99.99% Alpine InsuranceAlpine Insurance Alpine Insurance Alpine Insurance Alpine Insurance Alpine Insurance AlpineAlpine 51 185

15 Lifebrandz Limited L20 Inflexion Ventures Pte. Ltd. QG1 186

MS Holdings Limited 40U Novo Tellus Capital Partners Pte Ltd. Novoflex Pte.Limited Smartflex Innovation Pte.Limited Smartflex Technology Pte.Limited 49 12 187

TSMP Law Corporation Vibrant Group Limited Freight Links Express Holdings Limited F01 QG1 Lasallian Mission Ltd. Vietnam Enterprise Investments Limited Saint Joseph s Institution Adventus Holdings Limited 5EF 188

54 19 Disa Digital Safety Pte Ltd. Ternary Technologies Pte Ltd. Disa Digital Safety Pte. Ltd. S69 XV XV7 8 5.46 5.67 352 11.04 17.50(2) (a) 17.50(2)(x) 189

53 Alpine Motors Auto Germany 17 Cycle & Carriage Industries (1986) Pte. Ltd. Eunos Group Exklusiv Pte. Ltd.Alpine Motors Alpine Motors Auto Germany Alpine Motors Auto Germany General Motors 48 19 JA9 190

60 Alpine Car Rental 35 Sintat Rent-a-Car (Pte.) Ltd.C & P Rent-A-Car (Pte.) Ltd. 50 30 Alpine Credit IV 47 20 Pannell Kerr Forster JCS Hong Kong Limited 191

Hong Kong Society of Accountants 6A.19 6A.19 6A.23 (i) (ii) (iii) (iv) 17.11 18.03 192

5.24 5.28 C3.3 5.35 B1.1 193

A5.2 0.7 0.7 0.4 3.8 3.8 2.1 0.3 0.3 1.6 1.6 194

0.9 4.8 195

[8,000,000,000] [80,000,000.00] [100] [1.00] 11.23(7) 25% 196

(a) 20% (b) (a) (b) (c) 197

10% (a) (b) (c) (i) (ii) (iii)(iv) (v) 2. (c) 2. (d) 198

XV23 5% LNG Holdings % 1 % 2 % 1. LNG Holdings LNG Holdings LNG Holdings 2. Chan XV2 3 10% 199

LNG Holdings % LNG Holdings Alpine Credit 50% 1st Autoworks 50% Pacific Alpine Alpine Global 45% Alpine Global 50% 55% 200

Pacific Alpine Alpine Credit 1st Autoworks Alpine Global [37.5]% 201

Pacific Alpine Alpine Credit 1st Autoworks Alpine Global Alpine 1st Pacific Credit Autoworks Alpine [ 12 3 3 ] Alpine Credit [ ] [ Alpine Global [ ] 1st Autoworks ] 202

Alpine Credit Pacific AlpineAlpine Global45% 1st Autoworks 1st Autoworks 1st Autoworks 1st Autoworks 6.4 0.2 34.8 0.9 Pacific Alpine 2.2 0.1 12.20.7 11.2% 6.4% Pacific Alpine 45% Alpine Global Alpine Leasing 11 Alpine Leasing Alpine Leasing Alpine Leasing Alpine Leasing AlpineAlpine Alpine Global Alpine Leasing Alpine Credit 1st Autoworks 203

Alpine Credit Alpine Global Alpine Insurance Alpine 1st Autoworks 1st Autoworks [ ] (a) 1st Autoworks (b) 1st Autoworks (c) 1st Autoworks 1st Autoworks 1st Autoworks 11.04 204

LNG Holdings LNG Holdings LNG Holdings LNG Holdings LNG Holdings 205

656,000 3.6 Alpine Credit -- 3.3 18.0 3.3 1.1 6.0 1.6% Alpine Credit Alpine Global Alpine Insurance (a) 30% (b) 206

Alpine (i) 1st Autoworks (ii) XV 5% (iii) (iv) (a) 207

(b) (c) 1st Autoworks 1st Autoworks (a) (b) 208

(a) (b) (c) (d) (e) (f) (g) 209

4S (i) (ii) (iii) (iv) 4S T M H B V Euromonitor 1.0%4S Euromonitor 2.5%729 210

70.0% 54.3 296.4 57.2 312.1 35.0 190.9 1.6 8.7 62,000 339,000 53,000 289,000 LNG Holdings PKW Holdings 49 49 0.01 PKW Holdings 25 2,700,000 LNG Holdings 211

10 10 10 212

General Motors General Motors General Motors General Motors General Motors General Motors General Motors General Motors General Motors General Motors General Motors General Motors General Motors 213

214

215

12.5% 7.7% 10.0% 10.0% 12.5% 10.0% 216

217

54,278 296,358 57,159 312,088 21,573 117,789 34,955 190,854 (47,011) (256,680) (49,007) (267,578) (19,436) (106,121) (31,573) (172,388) 7,267 39,678 8,152 44,510 2,137 11,668 3,382 18,466 552 3,014 733 4,002 430 2,348 664 3,625 (6) (33) (161) (879) (121) (661) 103 562 (2,166) (11,826) (2,202) (12,023) (1,107) (6,044) (1,300) (7,098) (4,252) (23,216) (3,702) (20,213) (1,456) (7,950) (1,521) (8,305) (180) (983) (173) (945) (72) (393) (72) (393) (1,760) (9,610) (2,201) (12,017) (757) (4,133) (971) (5,302) (1,094) (5,973) (185) (1,010) (57) (311) (145) (792) (1,639) (8,949) 261 1,425 (1,003) (5,476) 140 763 47 257 (199) (1,086) 87 475 (193) (1,054) (1,592) (8,692) 62 339 (916) (5,001) (53) (291) 41,981 229,216 42,363 231,302 15,581 85,072 28,478 155,490 12,297 67,142 14,796 80,786 5,992 32,716 6,477 35,364 54,278 296,358 57,159 312,088 21,573 117,789 34,955 190,854 218

54.3 296.4 57.2 312.1 42.0 229.2 42.4 231.3 12.3 67.1 14.8 80.8 21.6 117.8 35.0 190.9 15.6 85.1 28.5 155.5 6.0 32.7 6.5 35.4 77.3% 22.7% 74.1% 25.9% 81.5% 18.5% 219

% % % % 27,717 151,335 66.0% 28,702 156,713 67.8% 10,798 58,957 69.3% 22,630 123,560 79.5% 7,717 42,135 18.4% 5,548 30,292 13.1% 2,374 8,561 10.1% 1,769 9,659 6.2% 35,434 193,470 84.4% 34,250 187,005 80.9% 13,172 67,518 79.4% 24,399 133,219 85.7% 4,368 23,849 10.4% 6,218 33,950 14.7% 1,568 12,962 15.2% 3,318 18,116 11.6% 2,179 11,897 5.2% 1,895 10,347 4.4% 841 4,592 5.4% 761 4,155 2.7% 6,547 35,746 15.6% 8,113 44,297 19.1% 2,409 17,554 20.6% 4,079 22,271 14.3% 41,981 229,216 100% 42,363 231,302 100% 15,581 85,072 100% 28,478 155,490 100% 35.4 193.5 6.5 35.7 84.4% 15.6% 34.3 187.0 8.1 44.3 80.9% 19.1% 24.4 133.2 4.1 22.3 85.7% 14.3% 220

% % % % 236 84.3% 278 81.8% 102 86.4% 249 86.7% 44 15.7% 62 18.2% 16 13.6% 38 13.3% 280 100.0% 340 100.0% 118 100.0% 287 100.0% 236 278 102 249 44 62 16 38 12.3 67.1 14.8 80.8 40-50% 6.0 32.76.5 35.4 654 755 221

1.5 8.2 1.2 6.6 332,000 1.8 (i) (ii) % % % % 37,319 203,762 79.4% 37,667 205,662 76.9% 14,753 80,552 75.9% 26,448 144,406 83.8% 9,692 52,918 20.6% 11,340 61,916 23.1% 4,683 25,569 24.1% 5,125 27,982 16.2% 47,011 256,680 100.0% 49,007 267,578 100.0% 19,436 106,121 100.0% 31,573 172,388 100.0% 47.0 256.7 49.0 267.6 19.4 106.1 31.6 172.4 5% 10% 222

+5% -5% +10% -10% (203) 203 (405) 405 (153) 153 (305) 305 (200) 200 (400) 400 149% 221% 70% % % % % 30,322 165,558 64.5% 31,315 170,980 63.9% 12,199 66,607 62.8% 23,130 126,290 73.3% 6,157 33,617 13.1% 7,594 41,463 15.5% 3,131 17,095 16.1% 3,618 19,754 11.5% 4,387 23,953 9.3% 4,450 24,297 9.1% 1,920 10,483 9.9% 2,249 12,280 7.1% 2,309 12,607 4.9% 2,402 13,115 4.9% 986 5,384 5.1% 1,063 5,804 3.4% 1,715 9,364 3.7% 2,006 10,953 4.1% 839 4,581 4.3% 952 5,198 3.0% 2,121 11,581 4.5% 1,240 6,770 2.5% 361 1,971 1.9% 561 3,063 1.8% 47,011 256,680 100.0% 49,007 267,578 100.0% 19,436 106,121 100.0% 31,573 172,389 100.0% 2.0 10.9 12.1 66.3 223

General Motors 30.3 165.6 31.3 171.0 23.1 126.3 12.2 66.6 4,885 26,672 3,685 20,120 1,919 10,478 4,814 26,284 18,803 102,664 20,451 111,662 7,758 42,359 13,288 72,552 3,952 21,578 4,758 25,979 1,500 8,190 3,810 20,803 1,459 7,966 1,289 7,038 458 2,501 862 4,707 1,223 6,678 1,132 6,181 564 3,079 356 1,944 30,322 165,558 31,315 170,980 12,199 66,607 23,130 126,290 6.2 33.6 7.6 41.5 3.6 19.8 3.1 17.1 224

4.4 24.0 4.5 24.3 8% 2.2 12.3 1.9 10.5 2.3 12.62.4 13.1 1.1 5.8 986,000 5.4 1.7 9.42.0 11.0 1.0 5.2 839,000 4.6 225

1st Autoworks 2.1 11.6 1.2 6.8 561,000 3.1 361,000 2.0 General Motors General Motors General Motors 264,000 288,000 1.4 1.60.6% 0.6% 173,000 945,0000.5% 226

4,662 25,455 4,696 25,640 828 4,521 2,030 11,084 2,605 14,223 3,456 18,870 1,309 7,147 1,352 7,382 7,267 39,678 8,152 44,510 2,137 11,668 3,382 18,466 11.1% 11.1% 11.1% 11.1% 5.3% 5.3% 7.1% 7.1% 21.2% 21.2% 23.4% 23.4% 21.8% 21.8% 20.9% 20.9% 7.3 39.7 8.2 44.5 13.4% 14.3% 3.4 18.5 2.1 11.7 9.9% 9.7% 227

0.6 3.0 0.7 4.0 0.7 3.6 0.4 2.3 6,000 33,000 161,000 879,000 103,000 562,000 121,000 661,000 General Motors % % % % 1,262 6,890 58.3% 1,174 6,410 53.3% 529 2,888 47.8% 661 3,609 50.8% 20 109 0.9% 34 186 1.5% 13 71 1.2% 10 55 0.8% 847 4,625 39.1% 969 5,291 44.0% 412 2,250 37.2% 627 3,423 48.2% 37 202 1.7% 25 136 1.1% 153 835 13.8% 2 11 0.2% 2,166 11,826 100.0% 2,202 12,023 100.0% 1,107 6,044 100.0% 1,300 7,098 100.0% 228

2.2 11.8 2.2 12.0 1.3 6.9 1.2 6.4 88,000 481,000 122,000 666,000 1.1 6.0 1.3 7.1 25.0%52.1% % % % % 1,361 7,431 32.0% 1,235 6,743 33.4% 347 1,895 23.8% 453 2,474 29.8% 168 917 4.0% 59 322 1.6% 137 748 9.4% 141 770 9.3% 1,684 9,195 39.6% 1,650 9,009 44.6% 726 3,964 49.9% 716 3,909 47.1% 278 1,518 6.5% 302 1,649 8.1% 148 808 10.2% 165 901 10.8% 761 4,155 17.9% 456 2,490 12.3% 98 535 6.7% 46 251 3.0% 4,252 23,216 100.0% 3,702 20,213 100.0% 1,456 7,950 100.0% 1,521 8,305 100.0% 4.3 23.23.7 20.2 1.5 8.3 7.8% 6.5% 4.4% 229

1.8 9.62.2 12.0 8.0 43.5 1.0 5.3 757,000 4.1 25,695 140,295 26,633 145,416 32,519 177,554 32,087 175,195 39,122 213,606 36,710 200,437 57,782 315,490 65,755 359,022 69,229 377,990 1,760 9,610 2,201 12,017 971 5,302 47,000 257,000 199,000 1.1 17% 230

54.3 296.4 2.9 15.7 5.3% 57.2 312.1 0.4 2.1 0.9% 2.5 13.6 20.3% 42.0 229.20.4 2.1 0.9%42.4 231.3 280 21.4% 340 (i)ab23,18654,094 (ii) 9.9 54.02.5 24.8% 7.4 40.6 12.3 67.1 2.5 13.6 20.3% 14.8 80.8 621 108 17.4% 729 231

47.0 256.72.0 10.9 4.2% 49.0 267.6 9.9 54.07.4 40.6 0.9 4.8 12.2% 13.4% 14.3% 12.2% 4.7 25.534,000 186,000 0.7% 4.7 25.6 11.1% 11.1% 2.6 14.2 851,000 4.6 32.7%3.5 18.9 21.2% 23.4% 232

Aveo/Sonic 907 (857) 50 Captiva 3,727 (3,329) 398 Cruze 9,466 (9,142) 324 Malibu 2,082 (1,995) 87 Orlando 11,107 (9,754) 1,353 428 (401) 27 27,717 (25,478) 2,239 Combo 947 (829) 118 Insignia Zafira 1,317 (1,136) 181 Vivaro 1,689 (1,316) 373 Meriva 415 (340) 75 4,368 (3,621) 747 233

Aveo/Sonic 4,785 (4,285) 500 Captiva 1,320 (1,158) 162 Cruze 9,043 (8,121) 922 Malibu 1,427 (1,330) 97 Orlando 11,953 (9,858) 2,095 174 (165) 9 28,702 (24,917) 3,785 Combo 802 (696) 106 Insignia 537 (464) 73 Zafira 279 (234) 45 Vivaro 1,054 (806) 248 Meriva 1,692 (1,524) 168 1,854 (1,542) 312 6,218 (5,266) 952 552,000 3.0 181,000 988,000 32.8% 733,000 4.0 277,000 1.5 440,000 2.4 6,000 33,000 155,000 846,000 2,583.3% 161,000 879,000 General Motors 38,000 207,000 184,000 1.0 222,000 1.2 234

2.2 12.0 7.0%14.4% 1.8 9.625.1% 441,000 2.4 2.2 12.0 1.6 8.7 261,000 1.4 47,000 257,000 199,000 1.1 1.6 8.7 62,000 339,000 235

(i) (ii) BA A 67,675 369,506 B 73,282 400,120 A 60,601 330,881 B 66,581 363,532 (i) 185,000 1 (ii) 498,000 2.7 247,000 1.34 236

21.6 117.8 18.4 73.1 62.0% 35.0 190.9 15.6 85.112.9 70.4 82.8%28.5 155.5 118 169 143.2% 287 Cruze Orlando 6.0 32.7485,000 2.6 8.1%6.5 35.4 654 15.4% 755 19.4 106.1 12.1 66.3 64.2%31.6 172.4 2.1 11.7 1.2 6.8 58.3% 3.4 18.5 9.9% 9.7% 237

Aveo/Sonic 1,219 1,151 68 Captiva 348 309 38 Cruze 10,252 9,361 891 Malibu 885 834 51 Orlando 11,368 9,876 1,492 589 511 78 24,661 22,043 2,618 Combo 617 529 89 Insignia 684 624 60 Zafira 231 199 32 Vivaro 1,198 1,060 138 Meriva 669 604 65 196 182 14 3,596 3,198 399 430,000 2.3234,000 1.3 54.4% 664,000 3.6 (i) 96,000 524,000 (ii) 86,000 470,000 (iii) 58,000 317,000 238

121,000 661,000 103,000 562,000 112,000 612,000 121,000 661,000 1.1 6.0 193,000 1.1 17.4% 1.3 7.1 (i) 132,000 721,000 (ii) 215,000 1.2 757,000 4.1 214,000 1.2 28.3% 971,000 5.3 1.0 5.5 140,000 764,000 239

87,000 475,000 193,000 1.1 916,000 5.0 53,000 289,000 145,000 792,000 92,000 502,000 11.6 63.3 8.0 43.7 240

13,233 72,252 12,227 66,759 665 3,631 1,028 5,613 3,378 18,444 (1,410) (7,699) (375) (2,048) (699) (3,817) (16,473) (89,943) (9,571) (52,258) (477) (2,604) (1,711) (9,342) 138 753 1,246 6,803 (187) (1,021) (1,382) (7,546) 183 999 321 1,753 321 1,753 1,567 8,556 321 1,753 1,567 8,556 134 732 185 1,010 241

1.0 5.6 (i) 140,000 764,000 (ii) 5.3 29.0 971,000 5.3 716,000 3.9 3.6 19.8(iii) 4.4 24.1 3.0 16.1 1.2 6.6(iv)18,000 98,280 12.2 66.8 (i)0.3 1.6 (ii) 11.4 61.8 2.2 12.0 1.7 9.3 7.6 41.5(iii) 0.7 3.8 2.7 14.71.6 8.7 (iv)0.1 0.4 242

13.2 72.3(i) 1.6 8.9(ii) 9.6 52.4 1.8 9.61.7 9.26.2 33.6 (iii) 5.5 29.54.6 25.1 0.8 4.4(iv)0.2 0.8 General Motors General Motors Thailand 30 General Motors ODLLC30 60 32 30 General Motors ThailandGeneral Motors General Motors 32 30 1.6 8.7 62,000 339,000 6.2 33.6 7.6 41.5 243

13.2 72.3 12.2 66.8 0.7 3.8 0.5 2.7 0.2 1.1 1.4 7.7 1.1 6.0 0.3 1.6 3.4 18.4(i) 5.0 27.3 (ii) 2.0 10.9 2.0 10.9 1.6 8.7 244

1.7 9.3 (i) 4.8 26.3 (ii) 1.0 5.3 (i) 2.9 16.1(ii) 1.1 6.2 9.6 52.3 (i) 1.3 7.1 (ii) 8.9 48.6 (iii) 2.2 12.0 3.5 19.1 16.5 89.9 (i) 4.2 22.9 (ii) 4.2 22.9 (iii) 3.7 20.2 (iv) 3.4 18.6 (v) 1.8 9.8 185,000 1.0 13.0 71.0 245

15.6 85.2 3.9 21.0 7 23 26 27 27 246

7,193 39,274 5,636 30,773 8,932 48,769 2,480 13,541 3,467 18,930 6,116 33,393 526 2,872 85 464 210 1,147 321 1,753 1,567 8,556 185 1,010 10,520 57,440 10,755 58,723 15,443 84,319 8,545 46,656 6,925 37,811 8,125 44,363 56 306 64 349 85 464 656 3,582 2,870 15,670 6,392 34,900 7,526 41,092 14,007 76,478 12,667 69,162 15,612 85,242 8,818 48,146 7,574 41,354 9,381 51,220 619 3,380 775 4,232 874 4,772 182 994 119 650 35,753 195,212 34,516 188,458 41,603 227,153 (25,233) (137,772) (23,761) (129,735) (26,160) (142,834) 247

25.2 137.8 23.8 129.7 26.2 142.8 (i) Alpine (ii) (iii) 14.0 76.5 10.9 59.5 12.7 69.29.9 53.815.6 85.2 9.4 51.2 25.2 137.8 14.3 78.3 23.8 129.7 13.9 75.9 26.2 142.8 16.8 91.6 12 5,211 28,452 3,413 18,635 6,352 34,682 1,932 10,549 2,003 10,936 2,060 11,248 50 273 220 1,201 520 2,839 7,193 39,274 5,636 30,772 8,932 48,769 248

7.2 39.3 1.6 8.5 21.6% 5.6 30.8 8.9 48.8 22.8 124.3 11.6 63.5 3.1 16.9 27,000 24,000 37,000 147,000 131,000 202,000 30 460 79 1,426 1,965 31 60 20 173 1,063 1,256 61 90 10 201 2,416 2,627 91 120 30 151 319 500 120 1,456 1,128 2,584 520 2,060 6,352 8,932 249

30 220 374 1,146 1,740 31 60 90 532 622 61 90 42 394 436 91 120 105 110 215 120 1,392 1,231 2,623 220 2,003 3,413 5,636 30 50 134 1,604 1,788 31 60 171 1,254 1,425 61 90 25 533 558 91 120 86 287 373 120 1,516 1,533 3,049 50 1,932 5,211 7,193 55.1 41.4 43.0 360 152 250

55.1 41.4 1,813 9,899 2,405 13,131 4,340 23,696 (45) (246) (42) (229) (51) (278) 1,768 9,653 2,363 12,902 4,289 23,418 30 1.8 9.9 0.6 3.2 33.7% 2.4 13.1 54.3 296.4 57.2 312.1 4.3 23.7 28.5 155.5 15.6 85.1 251

1,483 8,097 1,804 9,850 3,669 20,033 31 60 148 808 401 2,189 327 1,785 61 90 64 349 18 98 126 688 90 73 399 140 764 167 912 1,768 9,653 2,363 12,901 4,289 23,418 90 212 1,158 419 2,288 453 2,473 90 73 399 140 764 167 912 285 1,557 559 3,052 620 3,385 285,000 1.6559,000 3.1 620,000 3.4 11.7 14.9 18.7 360 152 252

11.7 14.9 30 18.7 30 25 137 34 186 261 1,425 687 3,751 1,070 5,842 1,566 8,550 712 3,888 1,104 6,028 1,827 9,975 712,000 3.9 1.1 6.0 1.8 10.0 227,000 1.2 5,975 32,624 3,527 19,257 4,324 23,609 60 253

90 5,975 32,624 3,508 19,154 4,315 23,560 91 180 19 103 9 49 5,975 32,624 3,527 19,257 4,324 23,609 45.8 25.9 20.8 360 152 60 45.8 25.9 General Motor 30 60 32 General Motors ODLLC General Motors Thailand 32 30 General Motors General Motors Thailand 20.8 254

337 1,840 314 1,714 152 830 494 2,698 324 1,769 662 3,615 809 4,417 1,288 7,032 1,263 6,896 212 1,158 475 2,594 246 1,343 409 2,233 429 2,342 323 1,764 309 1,687 568 3,101 1,155 6,306 2,570 14,033 3,398 18,552 3,801 20,754 2.6 14.0 828,000 4.5 32.2% 3.4 18.6 809,000 4.4 1.3 7.0 494,000 2.7 324,000 1.8 3.8 20.8 338,000 1.8 255

14,007 76,478 12,667 69,162 15,612 85,242 8,818 48,146 7,574 41,354 9,381 51,220 56 306 64 349 85 464 656 3,582 2,870 15,670 6,392 34,900 7,526 41,092 26,407 144,182 26,697 145,765 32,604 178,018 32,087 175,195 39,122 213,606 36,710 200,437 3 7 256

14,810 80,813 16,771 91,570 23,141 126,350 9,926 54,196 14,906 81,387 12,712 69,408 23,561 128,643 28,852 157,532 28,832 157,422 9,494 51,837 5,226 28,533 4,544 24,810 57,782 315,489 65,755 359,022 69,229 377,990 2.66% 4.55% 2.66% 5.28% 2.66% 5.28% 2.4% 5.5% 3.6% 5.5% 3.0% 5.8% 5.75% 6.75% 5.25% 6.75% 5.75% 6.75% Alpine Credit 35,108 191,690 35,108 191,690 35,108 191,690 21,636 118,133 16,186 88,376 13,855 75,648 112,558 614,567 128,008 698,924 130,358 711,755 59,120 322,795 68,955 376,494 73,329 400,376 112,558 614,567 128,008 698,924 130,358 711,755 59,120 322,795 68,955 376,494 73,329 400,376 257

(a) 3 7 2.66% 4.55% 2.66% 5.28% 2.66% 5.28% 9,880 53,945 8,866 48,408 10,706 58,455 9,579 52,301 14,760 80,590 12,751 69,620 21,018 114,758 26,489 144,630 25,963 141,758 3,376 18,433 53 289 17 93 43,853 239,437 50,168 273,917 49,437 269,926 (2,948) (16,096) (3,472) (18,957) (3,346) (18,269) 40,905 223,341 46,696 254,960 46,091 251,657 258

8,818 48,146 7,574 41,354 9,381 51,220 8,786 47,972 13,797 75,332 11,566 63,150 19,970 109,036 25,273 137,991 25,132 137,221 3,331 18,187 52 284 12 66 40,905 223,341 46,696 254,961 46,091 251,657 12 (8,818) (48,146) (7,574) (41,354) (9,381) (51,220) 12 32,087 175,195 39,122 213,607 36,710 200,437 (b) 10,218 55,790 12,707 69,380 13,043 71,215 8,735 47,693 11,062 60,399 9,954 54,349 18,953 103,483 23,769 129,779 22,997 125,564 1 30 30 5 259

382,000 2.1 444,000 2.4 391,000 2.1 12 13.4% 14.3% 9.7% (2.9%) 0.1% (0.2%) (24.2%) 0.9% (0.8%) (2.1%) 0.1% (0.1%) 0.29 0.31 0.37 0.09 0.15 0.16 887.8% 989.7% 1,050.4% 998.6% 1,060.7% 1,165.5% 0.07 1.12 1.14 260

100% 13.4% 14.3% 9.7% 22.7% 25.9% 18.5% 100% (2.9%) 0.1% (0.2%) 261

100% (24.2%) 0.9% 62,000 339,000 1.6 8.7 (0.8%) 53,000 289,000 100% (2.1%) 0.1% (0.1%) 53,000 289,000 0.29 0.310.29 0.31 0.2 1.3 1.2 6.8 262

0.37 43.6% 20.5% 0.09 0.150.09 0.15 1.6 8.5 0.16 3.3 18.0 100% 887.8% 989.7% 887.8% 989.7% 3.5 19.2 5.8 31.6 1,050.4% 1.1 6.2 2.9 16.1 263

100% 998.6% 1,060.7% 1,165.5% 600,000 3.3 3,400,000 18.5 4,000,000 21.8 (a) 600,000 397 729 83.6%90% 10% [20 109.2 ] Alpine 80% Alpine (a) 4,000,000 21.8 264

7 38.2 1 5.5 502.0% 557.8% 69,229 76,817 6,591 1,050.4% 1,165.5% (1,000) (1,000) 68,229 75,817 Alpine 80% Alpine 10.5 57.2 % % 0.07 1.12 0.1 0.7 2.5 13.4 1.14 1.1 6.1 265

4,177 22,806 836 4,565 1,588 8,670 628 3,429 394 2,151 1,688 9,216 4,805 26,235 1,230 6,716 3,276 17,886 5% 5% 5% 240,000 1.3 62,000 339,000 163,000 890,000 266

50 50 85,000 89,000 48,000 464,000 486,000 262,000 64.5% 54.1% 77% 267

25.2 137.8 23.8 129.726.2 142.8 13.0 71.0 10.5 57.3 1.6 8.7 62,000 339,000 13.2 72.3 12.2 66.8 13.2 12.2 72.3 66.816.9 19.1 92.1 104 268

37,200,000 203,112,000 (8,272,000) (45,165,120) (12,466,000) (68,064,360) (4,100,000) (22,386,000) 12,362,000 67,496,520 (i) (ii) Alpine Credit Limited Bukit Timah 3.4 18.5 General Motors (a) 7.2 39.3 38.7 211.3 (b) 10.3 56.3 25.8 141 269

% 7,666 7,666 7,666 656 656 656 56 56 56 6.19 2,870 2,870 2,870 3.85 14,007 14,007 14,007 2.87 2,470 7,410 30,597 3,376 43,853 40,905 27,725 7,410 30,597 3,376 69,108 66,160 % 5,473 5,473 5,473 64 64 64 6.13 6,392 6,392 6,392 3.66 12,667 12,667 12,667 3.10 2,217 6,649 41,249 53 50,168 46,696 26,813 6,649 41,249 53 74,764 71,292 270

% 6,765 6,765 6,765 85 85 85 6.05 7,526 7,526 7,526 3.69 15,612 15,612 15,612 3.10 3,592 7,114 38,714 17 49,437 46,091 33,580 7,114 38,714 17 79,425 76,079 10.9 59.59.9 53.89.4 51.2 15,531,000 14,578,000 17,333,000 3,446 1,390 4,171 6,524 15,531 14,007 3,228 1,450 4,349 5,551 14,578 12,667 6,633 1,471 4,412 4,817 17,333 15,612 271

1 1. Alpine Motors Pte LtdAM (i) (ii) (iii) (iv) (v) 3,000,000 I 2,500,000 II 2,000,000 I I 2,700,000 I 2,000,000 (a) (b) (c) (d) AM6,000,000 AM AM4 AM AM AM 1 272

(e) (f) (g) AM AM AM AM AM 2. AM (i) 27,000 I Linde HT30D-T4325 a. b. AM c. AM 3. AM (i) (ii) (iii) (iv) 4,000,000 1 2,000,000 1,000,000 OCOE 12,800,000 1 a. 273

b. c. (Alpine Centre) AM AM d. (Alpine Centre) e. AM f. AM g. AM AM Auto Germany Pte Ltd Alpine Car Rental Pte Ltd Alpine Credit Pte Ltd 274

4. Auto Germany Pte. Ltd. AG (i) (ii) (iii) (iv) (v) (vi) 2,000,000 I 2,000,000 I 100,000 I I 2,000,000 I 2,000,000 I 3,000,000 a. AG3.5 b. AG AG c. AG d. AG e. AG Astra AdamAG AG 275

f. AG g. AG AG 5. Alpine Car Rental Pte. Ltd.ACR (i) (ii) (iii) (iv) (v) (vi) 4,000,000 494,057 142,000 91,000 893,000 399,000 a. b. ACR c. ACR d. ACR 276

6. ACR (i) (ii) (iii) 1,000,000 1,000,000 1,300,000 a. b. 7. ACR (i) 7,000,000 a. b. ACR c. ACR ACR 277

8. ACR (i) (ii) (iii) 5,000,000 15,000,000 28,000,000 a. b. 9. ACR (i) 711,000 (ii) 939,000 (iii) 2,859,000 (iv) 2,019,000 (v) 3,261,000 (vi) 6,000,000 (vii) 10,000,000 a. ACR 2,000,000 b. ACR HP ACR 2,000,000 ACR 278

Alpine Car RentalACR ACR ACR ACR ACR ACR 272 278 ACR ACR ACR 2,000,000 ACR ACR 3.52 1.92 [ ] ACR ACR A Garanzia LLP 1.921.92 ACR 0.45ACR 3.52 1.15 ACR ACR 1.77 0.23 279

10. ACR (i) 1,000,000 I a. ACR b. ACR c. ACR d. ACR e. ACR ACR ACR 280

25 3.4 18.6 281

17 17.15 17.21 282

1. 2. 3. 4. 5. 1 5.46 283

1. 50 10% Cruze Astra HB Astra Sports Tourer Adam 1.4 284

2. 50 10% Mokka 1.6 Meriva SUV 3. Zafira Insignia 285

4. 286

% 100 % % A [10.1] [55.1] 3.7 %] 287

288

289

(a) (b) (c) (d) 290

291

292

293

294

295

6A.19 18.03 296

297

298

299

300

301

302

303

I-1

% Alpine Far East Limited 2 100% Alpine Far East Alpine United Pte Ltd 8 100% Alpine United Alpine Motors Pte Ltd 4,000,000 100% Alpine Motors Auto Germany Pte Ltd 2,000,000 100% Auto Germany Alpine Car Rental Pte Ltd 200,000 100% Alpine Car Rental Alpine Far East Alpine Far East I-2

Alpine United A Garanzia LLP, Singapore Alpine Motors A Garanzia LLP, Singapore Auto Germany A Garanzia LLP, Singapore Alpine Car Rental A Garanzia LLP, Singapore [Alpine United ] B 3 B 3 3.340 I-3

B 3 2410 B 3B 5 I-4

A. 8 54,278 57,159 21,573 34,955 (47,011) (49,007) (19,436) (31,573) 7,267 8,152 2,137 3,382 9 552 733 430 664 10 (6) (161) (121) 103 (2,166) (2,202) (1,107) (1,300) (4,252) (3,702) (1,456) (1,521) (180) (173) (72) (72) 11 (1,760) (2,201) (757) (971) (1,094) (185) (57) (145) 12 (1,639) 261 (1,003) 140 13 47 (199) 87 (193) (1,592) 62 (916) (53) 14 (0.53) 0.02 (0.31) (0.02) I-5

17(a) 45,292 52,374 53,108 17(b) 15,737 14,254 13,744 18 1,062 1,279 1,279 19 19 19 19 23 2,102 2,109 2,113 64,212 70,035 70,263 21 7,193 5,636 8,932 22 2,480 3,467 6,116 25 526 85 210 23 321 1,567 185 10,520 10,755 15,443 24 8,545 6,925 8,125 25 56 64 85 25 656 23 2,870 6,392 7,526 27 14,007 12,667 15,612 26 8,818 7,574 9,381 28 619 775 874 182 119 35,753 34,516 41,603 (25,233) (23,761) (26,160) 38,979 46,274 44,103 26 32,087 39,122 36,710 20 310 508 802 32,397 39,630 37,512 6,582 6,644 6,591 29 6,582 6,644 6,591 6,582 6,644 6,591 I-6

6,200 5,374 11,574 (1,592) (1,592) 16 (3,400) (3,400) 6,200 382 6,582 62 62 6,200 444 6,644 6,200 444 6,644 (53) (53) 6,200 391 6,591 6,200 382 6,582 (916) (916) 6,200 (534) 5,666 : I-7

(1,639) 261 (1,003) 140 1,760 2,201 757 971 (20) (20) (2) (4) 6,157 7,594 3,131 3,618 1,684 1,650 726 716 (54) (80) 65 7 20 9 (3) 13 7,960 11,623 3,609 5,463 4,589 2,677 775 (2,954) 826 (994) (2,015) (2,658) (78) 441 (290) (125) 151 (1,620) (1,384) 1,200 21 8 (56) 21 6 156 26 99 13,475 12,291 665 1,046 (242) (64) (18) 13,233 12,227 665 1,028 I-8

20 (1,981) (1,106) (71) (493) (87) (311) (304) (206) 29 7 5,000 (1,601) 1,998 3,378 (1,410) (375) (699) (4,158) (1,340) 2,502 2,945 656 (656) (656) (3,659) 3,522 2,452 1,134 (1,760) (2,201) (757) (971) (3,400) (4,152) (8,896) (4,018) (4,819) (16,473) (9,571) (477) (1,711) 138 1,246 (187) (1,382) 183 321 321 1,567 321 1,567 134 185 18,519,000 14,687,000 895,000 4,214,000 I-9

B. 1. P.O. Box 2681, Cricket Square, Hutchins Drive, Grand Cayman KY1-1111, Cayman Islands 7 Ubi Close Alpine Centre Singapore 408604 LNG Holdings Limited 2. 25,233,000 23,761,000 26,160,000 12,007,000 10,939,000 10,488,000 13,012,000 31 3. Alpine Motors Auto Germany Alpine Car Rental Alpine Motors Auto Germany Alpine Car Rental Alpine Credit Pte LimitedAlpine Credit I-10

B. 3. (a) Alpine Far East Alpine United 1 (b) 0.01 (c) Alpine Far East Alpine Far East (d) Alpine Far East Alpine United Alpine Far EastAlpine Far East PKW Holdings Limited LNG Holdings Limited (e) Alpine United Alpine Motors Auto GermanyAlpine UnitedAlpine United Alpine Far East (f) Alpine Credit Alpine United Alpine Credit Alpine Car RentalAlpine UnitedAlpine United Alpine Far East (g) Alpine Far EastAlpine Motors Alpine Germany Alpine Car Rental Alpine United LNG Holdings Limited PKW Holdings Limited (h) 49490.01 LNG Holdings Limited PKW Holdings Limited PKW Holdings Limited 25 2,700,000 LNG Holdings Limited I-11

B. 3. 4. 9 [1] 15 [1] 2 [1] 15 15 [1] 16 [2] 10 [3] 28 7 [4] 12 [4] [1] [2] [3] [4] I-12

B. 5. 17 2 36 I-13

B. 5. 33 I-14

B. 5. I-15

B. 5. I-16

B. 5. I-17

B. 5. I-18

B. 5. I-19

B. 5.. I-20

B. 5. I-21

B. 5. I-22

B. 5. (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (vii) (a) (a)(i) (viii) (a) (b) (c) I-23

B. 5. 6. 5 I-24

B. 6. 1,768,000 2,363,000 4,289,000 45,000 42,000 51,000 7,193,000 5,636,000 8,932,000 27,000 24,000 37,000 619,000 775,000 874,000 I-25

B. 6. 61,029,000 66,628,000 66,852,000 7. (a) 2,102 2,109 2,113 1,934 2,457 4,614 526 85 210 321 1,567 185 4,883 6,218 7,122 7,666 5,473 6,765 56 64 85 656 2,870 6,392 7,526 14,007 12,667 15,612 25,255 24,596 29,988 40,905 46,696 46,091 66,160 71,292 76,079 I-26

B. 7. (b) (i) 4,177 836 1,588 628 394 1,688 4,805 1,230 3,276 5% 5% 5% 209 42 79 31 20 84 240 62 163 I-27

B. 7. (b) (ii) 27 50 50 85,000 89,000 48,000 I-28

B. 7. (b) 22 65% 54% 77% 25,233,000 23,761,000 26,160,000 13,012,000 10,488,000 27 I-29

B. 7. (b) % 7,666 7,666 7,666 56 56 56 656 656 656 6.19 2,870 2,870 2,870 3.85 14,007 14,007 14,007 2.87 2,470 7,410 30,597 3,376 43,853 40,905 27,725 7,410 30,597 3,376 69,108 66,160 % 5,473 5,473 5,473 64 64 64 6.13 6,392 6,392 6,392 3.66 12,667 12,667 12,667 3.10 2,217 6,649 41,249 53 50,168 46,696 26,813 6,649 41,249 53 74,764 71,292 I-30

B. 7. (b) % 6,765 6,765 6,765 85 85 85 6.05 7,526 7,526 7,526 3.69 15,612 15,612 15,612 3.10 3,592 7,114 38,714 17 49,437 46,091 33,580 7,114 38,714 17 79,425 76,079 10,894,000 9,862,000 9,378,000 15,531,000 14,578,000 17,333,000 3,446 1,390 4,171 6,524 15,531 14,007 3,228 1,450 4,349 5,551 14,578 12,667 6,633 1,471 4,412 4,817 17,333 15,612 I-31

B. 7. (c) (d) 8. 32,085 34,920 12,366 25,948 9,896 7,443 3,215 2,530 41,981 42,363 15,581 28,478 10,750 13,591 5,269 6,145 1,547 1,205 723 332 12,297 14,796 5,992 6,477 54,278 57,159 21,573 34,955 5 I-32

B. 8. 8 (a) (b) 41,981 12,297 54,278 20,113 248 (20,361) 62,094 12,545 (20,361) 54,278 (56,386) (10,017) 19,392 (47,011) 5,708 2,528 (969) 7,267 (389) 813 (969) (545) (1,094) (1,639) 42,363 14,796 57,159 14,230 444 (14,674) 56,593 15,240 (14,674) 57,159 (51,222) (11,889) 14,104 (49,007) 5,371 3,351 (570) 8,152 (390) 1,406 (570) 446 (185) 261 I-33

B. 8. 28,478 6,477 34,955 2,921 172 (3,093) 31,399 6,649 (3,093) 34,955 (29,012) (5,371) 2,810 (31,573) 2,387 1,278 (283) 3,382 99 469 (283) 285 (145) 140 15,581 5,992 21,573 5,705 142 (5,847) 21,286 6,134 (5,847) 21,573 (20,027) (4,830) 5,421 (19,436) 1,259 1,304 (426) 2,137 (1,158) 638 (426) (946) (57) (1,003) I-34

B. 8. 27,717 28,702 10,798 22,630 4,368 6,218 1,568 3,318 32,085 34,920 12,366 25,948 7,717 5,548 2,374 1,769 2,179 1,895 841 761 9,896 7,443 3,215 2,530 10,750 13,591 5,269 6,145 1,547 1,205 723 332 12,297 14,796 5,992 6,477 54,278 57,159 21,573 34,955 10% I-35

B. 9. 1 202 439 296 393 75 1 1 2 20 2 4 18 193 152 64 64 2 50 97 53 111 86 12 24 14 6 552 733 430 664 1 2 10. (38) (222) (121) 112 (7) (20) (9) (65) 54 80 50 1 (6) (161) (121) 103 I-36

B. 11. 736 873 361 363 1,024 1,328 396 608 1,760 2,201 757 971 12. 15 267 267 124 127 487 460 172 234 3,768 4,056 1,532 1,875 4,522 4,783 1,828 2,236 5 12 5 15 29,099 30,183 11,635 22,774 4,387 4,450 1,920 2,249 1,223 1,132 564 356 1,981 2,511 1,072 1,180 6,157 7,594 3,131 3,618 1,684 1,650 726 716 28 264 288 89 173 I-37

B. 13. 58 1 (101) 20 (105) 198 (87) 294 (47) 199 (87) 193 Alpine Far East 17% 30%30,000 50%20,000 10,000 75% 290,000 50% (1,639) 261 (1,003) 140 17% (278) 44 (171) 23 311 148 79 175 (66) (3) (1) (70) (56) (49) (20) 5 76 24 63 37 (17) 2 2 (47) 199 (87) 193 I-38

B. 14. (1,592) 62 (916) (53) [300,000,000] [300,000,000] [300,000,000] [300,000,000] D 15. I-39

B. 15. 83 5 88 169 10 179 252 15 267 78 6 84 171 12 183 249 18 267 I-40

B. 15. 36 3 39 81 7 88 117 10 127 36 3 39 79 6 85 115 9 124 I-41

B. 15. 511 512 228 266 43 46 25 28 554 558 253 294 1,000,000 3 4 4 4 1,000,001 1,500,000 1 16. 1,700,000 3,400,000 I-42

B. 17a. 45,819 20,500 (2,782) 63,537 15,793 (2,882) 76,448 4.707 (1,406) 79,749 13,649 6,157 (1,561) 18,245 7,594 (1,765) 24,074 3,618 (1,051) 26,641 45,292 52,374 53,108 12.5% 43,533,000 51,560,000 51,433,000 I-43

B. 17b. 18,364 1,147 694 547 316 21,068 51 27 9 87 (73) (112) (74) (259) 18,415 1,147 648 435 251 20,896 246 60 5 311 (13) (13) (178) (178) 18,483 1,147 708 422 256 21,016 61 124 21 206 18,483 1,208 832 422 277 21,222 2,826 170 347 233 64 3,640 1,414 115 77 49 29 1,684 (53) (83) (29) (165) 4,240 285 371 199 64 5,159 1,393 115 71 40 31 1,650 (6) (6) (41) (41) 5,592 400 442 233 95 6,762 613 49 29 14 11 716 6,205 449 471 247 106 7,478 14,175 862 277 236 187 15,737 12,891 747 266 189 161 14,254 12,278 759 361 175 171 13,744 I-44

B. 17b. 7.7% 10.0% 10.0% 12.5% 10.0% 30 10 236,000 189,000 175,000 115,000 91,000 84,000 18. 6,008 (5,000) 54 1,062 137 80 1,279 [ ] 26 38 3806 Alpine Motors Alpine Credit Alpine Credit Alpine Motors50,000Alpine Motors Alpine Credit 5,000,000833 Bukit Timah Road, #01-01, Singapore 279887 I-45

B. 18. [ ] 23.79 23.79 [ ] 5.5% 30 10 I-46

B. 19. 20. 415 (105) 310 198 508 294 802 569,000 1,018,000 1,388,000 21. 5,211 3,413 6,352 1,932 2,003 2,060 50 220 520 7,193 5,636 8,932 I-47

B. 22. 1,813 2,405 4,340 (45) (42) (51) 1,768 2,363 4,289 25 34 261 687 1,070 1,566 2,480 3,467 6,116 0 30 1,483 1,804 3,669 31 60 148 401 327 61 90 64 18 126 90 73 140 167 1,768 2,363 4,289 30 30 30 285,000 559,000620,000 I-48

B. 22. 90 212 419 453 90 73 140 167 285 559 620 42 45 42 11 23 15 (4) (23) (4) (3) (6) 45 42 51 23. 0.05% 0.05% 0.05% 2,102,000 2,109,000 2,113,000 5.75% 6.75% 5.25% 6.75% 5.75% 6.75% 27 30 I-49

B. 24. 5,975 3,527 4,324 337 314 152 494 324 662 809 1,288 1,263 212 475 246 409 429 323 309 568 1,155 8,545 6,925 8,125 60 0 90 5,975 3,508 4,315 91 180 19 9 5,975 3,527 4,324 I-50

B. 25. 1st Autoworks Pte Limited Alpine Automobiles Pte Limited Alpine Credit Alpine Global Pte Limited Alpine Group Pte Limited Alpine Holdings Pte Limited Alpine Insurance Agency Pte Limited Alpine Leasing Pte Limited Dynasty Automobiles Pte Limited Great Wall Motors (S) Pte Limited Logistics & Repair Services Pte Limited Pacific Alpine Pte Limited United Financial Pte Limited Alpine Global Pte Limited I-51

B. 25. (a) 568 5,000 1 127 111 110 455 429 246 274 1,954 2 2 I-52

B. 25. 75 1 1 94 152 64 64 194 82 68 104 29 3 3 18 1,338 3,200 3,200 4,100 I-53

B. 25. (b) (i) 526 85 210 (ii) (ii) 526 85 210 (i) 56 64 85 (iii) 328 (iii) 328 656 (i) 1,358 710 210 (ii) 106 (ii) 2,109 (i) 90 (ii) 6.75% (iii) I-54

B. 25. (c) 15 704 652 285 315 42 50 24 29 746 702 309 344 26. 8,818 7,574 9,381 32,087 39,122 36,710 40,905 46,696 46,091 3 7 2.66% 4.55% 2.66% 5.28% 2.66% 5.28% I-55

B. 26. 9,880 8,866 10,706 9,579 14,760 12,751 21,018 26,489 25,963 3,376 53 17 43,853 50,168 49,437 (2,948) (3,472) (3,346) 40,905 46,696 46,091 8,818 7,574 9,381 8,786 13,797 11,566 19,970 25,273 25,132 3,331 52 12 40,905 46,696 46,091 (8,818) (7,574) (9,381) 32,087 39,122 36,710 Alpine Credit 27 I-56

B. 27. 3,113 2,805 6,234 1,140 1,109 1,146 3,591 3,579 3,700 6,163 5,174 4,532 14,007 12,667 15,612 (14,007) (12,667) (15,612) 30 2.4% 5.5% 3.6% 5.5% 3.0% 5.8% 2.5% 3% 1.25% 1% 2% Alpine Credit [ 1.2 1.4 ] 12.0 18.2 I-57

B. 28. 29. 613 264 (258) 619 288 (132) 775 173 (74) 874 0.01 38,000,000 380,000 1 0.01 1 0.01 98 0.98 100 1.00 380,000 38,000,000 0.01 Alpine Far East Alpine Far EastAlpine UnitedAlpine Far East PKW Holdings Limited LNG Holdings Limited Alpine Far East Alpine Motors Alpine Germany Alpine Car Rental Alpine United LNG Holdings Limited PKW Holdings Limited 4949 0.01 LNG Holdings PKW Holdings Limited PKW Holdings Limited 25 2,700,000 LNG Holdings Limited I-58

B. 30. Alpine Motors Auto Germany 15,714 14,231 13,657 1,062 1,279 1,279 19 19 19 2,102 2,109 2,113 7,193 5,636 8,932 2,446 3,233 3,828 496 70 175 4,532 4,619 3,549 94 1,434 28 33,658 32,630 33,580 31. 10,218 12,707 13,043 8,735 11,062 9,954 18,953 23,769 22,997 1 30 30 5 I-59

B. 32. 502,000 478,000 182,000 243,000 30,000 18,000 18,000 33. 33(a) 521 976 1,241 409 429 323 33(a) 1,206 1,826 2,342 1,615 2,255 2,665 (1,094) (1,279) (1,424) 29 33(b) (1,094) (1,279) (1,424) (1,094) (1,279) (1,424) I-60

B. 33. (a) Alpine Far East 2 (b) 2,306 16 (3,400) (1,094) (185) (1,279) (145) (1,424) (1,094) (57) (1,151) I-61

C. 0.4 D. (i) [7,962,000,000] [0.01] 380,000 [80,000,000] (ii) E. 18 42 069536 135 MYP #10-01 I-62

A. 7.31 7 1 5 2 5 2 5 3 5 II-1

1. 2. 3. 4. 5. 1 5.46 II-2

B. II-3

II-4

II-5

26 38 3806 7 Ubi Close, Alpine Centre, Singapore 408604 Alpine Group Limited 1. III-1

2. 3. 4. 5. 6. III-2

8 7. 7 Ubi Close, Alpine Centre, Singapore 408604 Alpine Group Limited BCom (Property) MFin PhD (BA) MHKIS RPS (GP) AAPI CPV CPV (Business) 12 III-3

7 Ubi Close, [ 662 21,800,000 Alpine Centre, 5,133.2 Singapore 408604 4 Alpine Credit Pte Ltd., 12,700 11,402 24 4,003 ] 30 III-4

1. Alpine Motors Pte Ltd. 2. 20,000,000 3. a. IC/704266W b. 21953 4. 1 1.5 5. 1,734,00010% 6. Ubi Paya Lebar Eunos Raffles Place 10 Eunos Link 7. III-5

22 1. (a) 27(2) (b) 2. [ ] (a) (i) IV-1

(ii) (iii) (i) (ii) (iii) (iv) (v) IV-2

(iv) (30) IV-3

(v) (vi) (vii) 20 (14) IV-4

20 (b) (i) IV-5

(aa) (bb) (cc) (6) (dd) (ee) (ff) IV-6

(ii) (a) (b) (iii) IV-7

(iv) (v) IV-8

(vi) (vii) 622 (viii) IV-9

(aa) (bb) (cc) (dd) IV-10

(ee) (c) (d) (e) (i) (15) IV-11

(ii) IV-12

(iii) (15) (18) (iv) (21) (20) (14) (10) (aa) (bb) (cc) (dd) IV-13

(ee) (ff) (20%) (gg) (v) (vi) IV-14

(f) (21) IV-15

(g) (i) (ii) (a) (b) IV-16

(h) (2) 2.50 1.00 (i) 3(f) IV-17

(j) (i) (ii) (k) IV-18

3. (a) (b) (a) (b) (c) 37(d) (e) IV-19

(e) (f) (a) (b) (c) IV-21

(a)(b) (c) (d) (g) (h) (i) (ii) (iii) IV-22

(i) (j) 6 (i) (ii) (k) (l) (m) IV-23

(n) (o) (60) (p) (a) (b) (c) IV-24

21 (q) (75%) IV-25

(r) (4) (90%) (4) (2) (1) (s) 4. Conyers Dill & Pearman IV-26

A. 1. Cricket Square, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands148 204-5 16 Gan Cheng Siong 148 5 204 2. (a) 380,000 38,000,000 0.01 (b) LNG Holdings PKW Holdings (c) LNG Holdings PKW Holdings Auto Germany Alpine Motors Alpine Car Rental (d) 49 49 PKW Holdings LNG Holdings0.49 0.49 (e) [7,962,000,000] 380,000 [80,000,000] (f) V-1

(g) [] LNG Holdings PKW Holdings (h) (i) 3. (a) [7,962,000,000]380,000 [80,000,000] (b) (i) (ii) V-2

(iii) (1) 20% (2) (v) (1) (2) (3) (iv) 10% V-3

(1) (2) (3) (c) 4. 5. V-4

6. (a) (i) 10% (ii) V-5

(iii) % % % (iv) (v) V-6

(vi) (vii) (b) (c) V-7

(d) (e) V-8

B. 1. (a) (b) LNG Holdings PKW Holdings Limited (c) (d) (e) (f) 2. (a) 303036915 Alpine Motors 35 36 39 T1409280B Alpine Motors 35 36 39 T1409279I Alpine Motors 35 36 39 V-9

(b) alpinecarrental.com.sg alpinecarrental.sg alpineglobal.com.sg alpineglobal.sg alpinemotors.com.sg alpinemotors.sg autogermany.com.sg autogermany.sg cadillac.com.sg cadillac.sg chevrolet.com.sg chevypriority.com.sg chevypriority.sg chevystore.com.sg chevystore.sg V-10

C. 1. (a) % LNG Holdings % LNG Holdings LNG Holdings LNG Holdings V-11

(b) [ ] [156,000] [170,400] [ ] 100,000 V-12

LNG Holdings % 1 % 2 % 1. LNG Holdings LNG Holdings LNG Holdings 2. Chan 3. 25 4. (a) XV2 3 % V-14

(b) XV78 (c) (d) (e) (f) 5% V-15

D. 1. (b) (a) (b) (a) (b) (c) (d) V-16

2. 3. 4. ) (i) (ii) 5. V-17

6. 5,460 42,600 7. (a) 0.1% (b) (c) (a)(b) (c) (d) 8. V-18

9. 1 6 Colin Ng & Partners LLP Conyers Dill & Pearman Blumenthal Richter & Sumet Ltd. 10. 9 V-19

11. 12. 44A 44B 13. (a) (i) (ii) (b) (c) V-20

(d) (e) 24 (f) 9 (i) (ii) (g) (h) (i) 14. 32L V-21

14 28 45 1602 (a) (b) (c) (d) (e) Conyers Dill & Pearman (f) (g) (h) (i) (j) Colin Ng & Partners LLP (k) Blumenthal Richter & Sumet Ltd. General Motors (l) (m) VI-1