NATIONAL ELECTRONICS HOLDINGS LIMITED

2 3 6 9 11 16 24 26 27 28 30 31 32 34 121 122 1 NATIONAL ELECTRONICS HOLDINGS LIMITED

M.B.E., J.P. Canon s Court 22 Victoria Street Hamilton HM12 Bermuda 11 3201 Butterfield Fulcrum Group (Bermuda) Limited 26 Burnaby Street Hamilton HM 11 Bermuda 28 26 NATIONAL ELECTRONICS HOLDINGS LIMITED 2

National Electronics Holdings Limited 296,223,624 171,306,004 30.3 30.1 17.617.6 3.5 2.0 3.5 2.0 20% 4,880,000,000 50 J.P. Morgan Asset Management Twenty One Whitfield Twenty One Whitfield Tania Investments Holdings Limited50% J.P. Morgan Asset Management 45 Antonio Citterio Patricia Viel and Partners 99 Bonham J. P. Morgan Asset Management 3 NATIONAL ELECTRONICS HOLDINGS LIMITED

88C36 194 196 45 Optical Pulse 3D NATIONAL ELECTRONICS HOLDINGS LIMITED 4

Fitness Band3D OLED 5 NATIONAL ELECTRONICS HOLDINGS LIMITED

11% 1,148,000,000 7% 41,000,000 18,700,000 The Putman NATIONAL ELECTRONICS HOLDINGS LIMITED 6

Time Curve Time Curve Time Curve 3D 7 NATIONAL ELECTRONICS HOLDINGS LIMITED

136,000,000103,000,000 1,587,000,000961,000,000 626,000,00030511,000,000 799,000,000 277,000,000 0.680.271,076,000,000 378,000,0001,592,000,0001,389,000,000 616,000,000283,000,000 78%9%8%5% 77%8%8%5%2% 2,241,000,0001,092,000,000 1,900 148,000,000154,000,000 NATIONAL ELECTRONICS HOLDINGS LIMITED 8

66 33 JP 59 55 66 53 M.B.E., J.P., 88 (BPF) 65 9 NATIONAL ELECTRONICS HOLDINGS LIMITED

54 59 NATIONAL ELECTRONICS HOLDINGS LIMITED 10

26 3.5 2.0 53,594,000 15 16 121 46 20 21 34 31 35 34 11 NATIONAL ELECTRONICS HOLDINGS LIMITED

** M.B.E., J.P.* * * * ** 99 3.13 NATIONAL ELECTRONICS HOLDINGS LIMITED 12

352 ( a ) 0. 1 0 258,137,835 258,137,835 26.433% a 15,000,000 258,137,835 273,137,835 27.969% a 5,940 244,602,979 244,608,919 25.048% b 244,602,979 244,602,979 25.047% b 37,267,767 37,267,767 3.816% d M.B.E., J.P. 5,288,968 c 5,288,968 0.542% ( b ) 15,200,000 15,200,000 300,000 300,000 300,000 300,000 (a) (b) (c) (d) 258,137,835 244,602,979 5,288,968 M.B.E., J.P. 37,267,767 13 NATIONAL ELECTRONICS HOLDINGS LIMITED

43 1/4/2012 31/3/2013 18.3.2010 18.3.2010-17.3.2018 23.3.2011 23.3.2011-22.3.2018 M.B.E., J.P. 23.3.2011 23.3.2011-22.3.2018 23.3.2011 23.3.2011-22.3.2018 23.3.2011 23.3.2011-22.3.2018 0.542 9,200,000 9,200,000 0.760 6,000,000 6,000,000 0.760 300,000 (300,000) 0.760 300,000 300,000 0.760 300,000 300,000 0.95 336 90,000,000 92.62% 90.38% 65.64% 34.61% 14 NATIONAL ELECTRONICS HOLDINGS LIMITED 14

43 25% 13,033 15 NATIONAL ELECTRONICS HOLDINGS LIMITED

14 10 9 5 1 3 NATIONAL ELECTRONICS HOLDINGS LIMITED 16

4/4 1/1 4/4 1/1 4/4 1/1 4/4 1/1 4/4 1/1 4/4 0/1 M.B.E., J.P. 4/4 1/1 4/4 1/1 4/4 1/1 A.2.7 (a) (b) (c) (d) 17 NATIONAL ELECTRONICS HOLDINGS LIMITED

M.B.E., J.P. 4/4 4/4 4/4 1/1 M.B.E., J.P. 1/1 1/1 1/1 1/1 NATIONAL ELECTRONICS HOLDINGS LIMITED 18

(a) (b) (c) M.B.E., J.P. 2/2 2/2 2/2 2/2 2/2 99 A.4.2 99 99 19 NATIONAL ELECTRONICS HOLDINGS LIMITED

99 A.4.1 3.13 (a) (b) (c) (d) (e) 24 NATIONAL ELECTRONICS HOLDINGS LIMITED 20

1,338 420 1,758 579,460 21 NATIONAL ELECTRONICS HOLDINGS LIMITED

http://www.irasia.com/listco/hk/national/index.htm 74 11 3201 21 NATIONAL ELECTRONICS HOLDINGS LIMITED 22

79 80 5% 11 3201 28 26 23 NATIONAL ELECTRONICS HOLDINGS LIMITED

11 31 NATIONAL ELECTRONICS HOLDINGS LIMITED 26 120 National Electronics Holdings Limited 90 NATIONAL ELECTRONICS HOLDINGS LIMITED 24

P05447 25 NATIONAL ELECTRONICS HOLDINGS LIMITED

7 1,167,853,958 1,294,715,363 (990,349,105) (1,106,093,672) 177,504,853 188,621,691 8 30,384,242 57,165,027 15 30,841,370 47,274,221 3,608,177 (2,608,294) (3,580,248) 143,157,821 (9,247,112) (7,702,311) (182,459,307) (183,898,579) 9 (24,212,583) (20,832,526) 135,810,816 102,813,255 10 305,388,277 177,252,236 12 (9,164,653) (5,946,232) 296,223,624 171,306,004 14 30.3 17.6 30.1 17.6 NATIONAL ELECTRONICS HOLDINGS LIMITED 26

296,223,624 171,306,004 3,912,221 (2,299,356) (47,235,714) (35,747,000) 7,793,893 4,544,138 2,636,272 (560,000) 4,820,000 (33,453,328) (28,682,218) 262,770,296 142,623,786 27 NATIONAL ELECTRONICS HOLDINGS LIMITED

15 645,000,000 768,596,000 1,201,272,361 16 552,048,987 256,345,880 256,730,518 17 14,348,251 14,543,932 14,459,432 18 678,126 678,126 20 173,095,842 485,157,907 346,876,492 21 22 21,230,000 20,490,000 15,670,000 23 11,721,920 1,406,401,206 1,557,533,765 1,835,008,803 24 133,429,238 173,214,874 146,509,132 17 325,911 322,733 328,209 23 11,768,269 25 4,058,346 4,097,534 4,108,333 7,464,423 127,380,207 195,138,020 26 1,183,576,472 78,820,146 28 1,562,246 1,721,248 7,778,724 28 136,175,573 174,434,198 88,180,850 20 71,307,347 173,904,033 143,489,370 21 15,999,823 125,499,603 120,386,628 56,744 1,495,609 3,764,323 29 615,705,106 282,850,250 174,642,837 2,181,429,498 1,143,740,435 884,326,426 30 176,689,402 176,406,139 140,869,796 30 88,074,614 128,448,006 86,656,200 20 46,815,748 7,020 7,020 7,749,596 4,582,491 1,731,784 31 3,058,561 9,989,693 8,293,491 32 3,319,946 2,002,592 2,932,849 33 510,786,792 583,051,022 544,568,485 836,494,659 904,486,963 785,059,625 1,344,934,839 239,253,472 99,266,801 2,751,336,045 1,796,787,237 1,934,275,604 NATIONAL ELECTRONICS HOLDINGS LIMITED 28

34 97,656,251 97,754,251 96,742,993 1,494,581,407 1,291,464,947 1,185,585,955 1,592,237,658 1,389,219,198 1,282,328,948 36 4,257,203 4,338,325 4,074,193 31 81,333 657,552 8,178,138 32 3,378,010 2,555,046 2,660,661 33 1,076,211,080 378,402,564 606,420,674 37 75,170,761 21,614,552 30,612,990 1,159,098,387 407,568,039 651,946,656 2,751,336,045 1,796,787,237 1,934,275,604 26 120 29 NATIONAL ELECTRONICS HOLDINGS LIMITED

19 507,943,193 406,110,891 22 2,000,000 2,000,000 509,943,193 408,110,891 27 914,657 886,070 3,876,651 2,884,154 4,791,308 3,770,224 4,364,783 4,333,669 38 101,832,302 5,214,717 27 146,324,012 133,972,015 252,521,097 143,520,401 (247,729,789) (139,750,177) 262,213,404 268,360,714 34 97,656,251 97,754,251 35 164,557,153 170,606,463 262,213,404 268,360,714 26 120 NATIONAL ELECTRONICS HOLDINGS LIMITED 30

96,742,993 22,785,730 (9,925,301) 126,357,689 2,900,000 66,141,751 32,577,840 885,972,188 1,223,552,890 58,776,058 58,776,058 96,742,993 22,785,730 (9,925,301) 126,357,689 2,900,000 66,141,751 32,577,840 944,748,246 1,282,328,948 171,306,004 171,306,004 (2,299,356) (39,698,857) 13,315,995 (28,682,218) (2,299,356) (39,698,857) 184,621,999 142,623,786 1,480,658 10,127,703 11,608,361 (43,466,231) (43,466,231) (469,400) 469,400 (3,875,666) (3,875,666) 97,754,251 32,913,433 (12,224,657) 86,658,832 2,900,000 66,141,751 33,047,240 1,082,028,348 1,389,219,198 296,223,624 296,223,624 3,912,221 2,636,272 (40,001,821) (33,453,328) 3,912,221 2,636,272 (40,001,821) 296,223,624 262,770,296 30,000 264,740 (66,740) 228,000 (58,670,564) (58,670,564) (128,000) 128,000 (1,309,272) (1,309,272) 97,656,251 33,178,173 (8,312,436) 2,636,272 46,657,011 2,833,260 66,141,751 33,175,240 1,318,272,136 1,592,237,658 31 NATIONAL ELECTRONICS HOLDINGS LIMITED

305,388,277 177,252,236 24,212,583 20,832,526 (135,810,816) (102,813,255) 1,472,000 226,843 (2,682,180) (8,980,476) (2,098,859) (2,936,920) 269,037 264,132 327,245 322,733 30,287,737 26,885,634 (5,533,539) (1,656,494) (5,657,431) (143,157,821) (30,841,370) (47,274,221) 66,337 (41,944,955) (3,608,177) 2,608,294 3,580,248 (203,657) (198,657) 860,616 9,459,701 33,289,982 35,627,369 42,467,816 (17,725,266) 119,915,784 67,757,813 (206,766,847) (78,820,146) 159,002 6,057,476 38,945,584 (40,785,398) 967,737 10,604,584 (9,280,892) (9,050,548) (40,373,392) 41,791,806 (350,159) (21,025,385) 15,457,690 (3,501,210) (4,126,465) (12,761) (175,779) 1,839,245 210,404 855,680 3,068,300 (21,844,431) 14,434,150 NATIONAL ELECTRONICS HOLDINGS LIMITED 32

(163,623,074) (13,295,967) (137,441,366) (96,008,723) (47,391,370) (31,279,287) 102,596,686 84,688,436 447,872,881 (2,999,830) (5,112,975) (11,635,800) (1,300,000) 125,185,891 4,082,823 199,921,339 36,697,216 5,832,061 1,581,813 207,628,811 290,741,943 526,796,247 91,096,138 46,808,728 (33,456,815) (26,707,165) (58,670,564) (31,857,870) (216,902,367) (189,777,204) (3,835,605) (1,035,872) (112,499,610) (34,711,897) 228,000 (1,309,272) (3,875,666) 147,158,742 (196,869,536) 332,943,122 108,306,557 282,850,250 174,642,837 (88,266) (99,144) 615,705,106 282,850,250 : 615,705,106 282,850,250 33 NATIONAL ELECTRONICS HOLDINGS LIMITED

1. 2. 12 7 1 2 12 40 12 12 NATIONAL ELECTRONICS HOLDINGS LIMITED 34

2. ( ) 1 2 ( ) 12 12 6,320,527 6,529,295 (42,550,215) (5,367,748) 1,715,411 2,644,031 8,035,938 (38,744,637) 32,789,966 (32,111,840) 678,126 340,232,644 6,643,848 346,876,492 481,237,776 3,920,131 485,157,907 (82,745,200) 52,132,210 (30,612,990) (69,837,682) 48,223,130 (21,614,552) 257,487,444 58,776,058 316,263,502 444,190,060 20,031,421 464,221,481 885,972,188 58,776,058 944,748,246 1,061,996,927 20,031,421 1,082,028,348 885,972,188 58,776,058 944,748,246 1,061,996,927 20,031,421 1,082,028,348 35 NATIONAL ELECTRONICS HOLDINGS LIMITED

2. ( ) 1 2 ( ) ( ) (32,111,840) 5,635,542 54,543,657 28,067,359 28,067,359 28,067,359 29.5 21.6 29.3 21.5 12 0.8 (4.0) 0.8 (3.9) 30.3 17.6 30.1 17.6 NATIONAL ELECTRONICS HOLDINGS LIMITED 36

2. ( ) 1 1 1 7 1 9 9 7 3 10 11 1 12 10 2 12 27 9 3 10 1 11 1 12 1 13 1 19 1 27 1 28 1 1 4 32 2 1 20 1 2 3 4 37 NATIONAL ELECTRONICS HOLDINGS LIMITED

2. ( ) 10 11 12 27 28 10 27 12 10 10 10 (a) (b) (c) 10 11 31 11 13 11 11 31 11 31 12 12 10 11 12 NATIONAL ELECTRONICS HOLDINGS LIMITED 38

2. ( ) 1 3 13 13 13 7 13 13 1 1 1 1 1 (a) (b) 1 39 NATIONAL ELECTRONICS HOLDINGS LIMITED

2. ( ) 1 9 19 19 19 19 19 3. NATIONAL ELECTRONICS HOLDINGS LIMITED 40

3. ( ) (i) (ii) (iii) 39 41 NATIONAL ELECTRONICS HOLDINGS LIMITED

3. ( ) 12 19 2 5 NATIONAL ELECTRONICS HOLDINGS LIMITED 42

3. ( ) 39 36 36 43 NATIONAL ELECTRONICS HOLDINGS LIMITED

3. ( ) ( ) 39 39 36 36 NATIONAL ELECTRONICS HOLDINGS LIMITED 44

3. ( ) ( ) 39 45 NATIONAL ELECTRONICS HOLDINGS LIMITED

3. ( ) ( ) NATIONAL ELECTRONICS HOLDINGS LIMITED 46

3. ( ) ( ) 47 NATIONAL ELECTRONICS HOLDINGS LIMITED

3. ( ) NATIONAL ELECTRONICS HOLDINGS LIMITED 48

3. ( ) 49 NATIONAL ELECTRONICS HOLDINGS LIMITED

3. ( ) 39 NATIONAL ELECTRONICS HOLDINGS LIMITED 50

3. ( ) 51 NATIONAL ELECTRONICS HOLDINGS LIMITED

3. ( ) 30 60 NATIONAL ELECTRONICS HOLDINGS LIMITED 52

3. ( ) ( ) 53 NATIONAL ELECTRONICS HOLDINGS LIMITED

3. ( ) NATIONAL ELECTRONICS HOLDINGS LIMITED 54

3. ( ) 39 55 NATIONAL ELECTRONICS HOLDINGS LIMITED

3. ( ) NATIONAL ELECTRONICS HOLDINGS LIMITED 56

3. ( ) (i) 37 (ii) 57 NATIONAL ELECTRONICS HOLDINGS LIMITED

3. ( ) NATIONAL ELECTRONICS HOLDINGS LIMITED 58

3. ( ) 59 NATIONAL ELECTRONICS HOLDINGS LIMITED

3. ( ) NATIONAL ELECTRONICS HOLDINGS LIMITED 60

3. ( ) 12 61 NATIONAL ELECTRONICS HOLDINGS LIMITED

4. 3 55,106,438 6,064,596 58,607,049 ( 8,163,455 NATIONAL ELECTRONICS HOLDINGS LIMITED 62

4. ( ) ( ) 133,429,238 173,214,874 1,183,576,472 78,820,146 9,928,749 7,885,067 389,504,000 411,037,000 63 NATIONAL ELECTRONICS HOLDINGS LIMITED

4. ( ) ( ) 645,000,000 768,596,000 31 5. (i) 1,076,211,080 378,402,564 (ii) 1,592,237,658 1,389,219,198 68% 27% (i) 33 (ii) NATIONAL ELECTRONICS HOLDINGS LIMITED 64

6. a. 21,230,000 21,230,000 11,768,269 11,768,269 4,058,346 4,058,346 1,562,246 1,562,246 106,660,689 106,660,689 71,307,347 71,307,347 15,999,823 15,999,823 615,705,106 615,705,106 4,058,346 11,768,269 811,235,211 21,230,000 848,291,826 151,778,266 151,778,266 88,074,614 88,074,614 46,815,748 46,815,748 912,925 2,226,969 3,139,894 6,697,956 6,697,956 1,586,997,872 1,586,997,872 912,925 2,226,969 1,880,364,456 1,883,504,350 65 NATIONAL ELECTRONICS HOLDINGS LIMITED

6. ( ) a. ( ) 20,490,000 20,490,000 11,721,920 11,721,920 4,097,534 4,097,534 1,721,248 1,721,248 88,771,958 88,771,958 173,904,033 173,904,033 125,499,603 125,499,603 282,850,250 282,850,250 4,097,534 11,721,920 672,747,092 20,490,000 709,056,546 160,780,844 160,780,844 128,448,006 128,448,006 7,020 7,020 10,647,245 10,647,245 4,557,638 4,557,638 961,453,586 961,453,586 10,647,245 1,255,247,094 1,265,894,339 NATIONAL ELECTRONICS HOLDINGS LIMITED 66

6. ( ) b. (i) 17% 18% 5% 6% 104,519,540 73,944,244 31,394,285 12,937,197 137,989,201 235,401,725 52,450,456 24,238,969 190,980,498 120,708,298 90,263,509 112,204,866 19,607,435 27,619,544 90,010,682 60,857,608 1,675,394 905,352 7,039,997 6,975,768 67 NATIONAL ELECTRONICS HOLDINGS LIMITED

6. ( ) b. ( ) ( ) (i) ( ) 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% (i) (ii) 6,899,000 11,770,000 9,187,000 6,886,000 (i) (ii) NATIONAL ELECTRONICS HOLDINGS LIMITED 68

6. ( ) b. ( ) ( ) (ii) 33 50 50 50 50 3,616,000 2,904,000 (iii) 5% 5% 202,917 204,877 5% 5% 1,061,500 1,024,500 69 NATIONAL ELECTRONICS HOLDINGS LIMITED

6. ( ) b. ( ) Aa2 287,670,471 113,873,320 A1 107,393,581 47,633,424 91,540,000 60,000,000 1,381,249,000 486,000,000 NATIONAL ELECTRONICS HOLDINGS LIMITED 70

6. ( ) b. ( ) ( ) 151,778,266 151,778,266 151,778,266 88,074,614 88,074,614 88,074,614 46,815,748 46,815,748 46,815,748 3,503,574 2,437,343 1,035,374 6,976,291 6,697,956 539,142,120 45,711,803 794,880,022 385,250,807 1,764,984,752 1,586,997,872 112,382 112,382 81,333 3,058,561 3,058,561 3,058,561 71 NATIONAL ELECTRONICS HOLDINGS LIMITED

6. ( ) b. ( ) ( ) ( ) 160,780,844 160,780,844 160,780,844 128,448,006 128,448,006 128,448,006 7,020 7,020 7,020 2,153,232 1,789,902 845,648 4,788,782 4,557,638 611,590,502 94,078,457 73,524,651 296,927,945 1,076,121,555 961,453,586 7,545 7,545 7,545 9,982,148 732,988 10,715,136 10,639,700 c. NATIONAL ELECTRONICS HOLDINGS LIMITED 72

6. ( ) c. ( ) 21,230,000 21,230,000 4,058,346 4,058,346 25,288,346 25,288,346 81,333 81,333 3,058,561 3,058,561 3,139,894 3,139,894 73 NATIONAL ELECTRONICS HOLDINGS LIMITED

6. ( ) c. ( ) ( ) 20,490,000 20,490,000 4,097,534 4,097,534 24,587,534 24,587,534 7,545 7,545 10,639,700 10,639,700 10,647,245 10,647,245 115,354 16,356,275 16,471,629 7,545 9,452,156 9,459,701 (115,354) (15,168,731) (15,284,085) 7,545 10,639,700 10,647,245 3,549,197 3,549,197 73,788 786,828 860,616 (2,636,272) (2,636,272) (9,280,892) (9,280,892) 81,333 3,058,561 3,139,894 860,616 9,459,701 2,636,272 NATIONAL ELECTRONICS HOLDINGS LIMITED 74

7. 8 1. 2. 3. 4. 1,147,902,149 53,316 1,151,000 18,747,493 1,167,853,958 40,827,475 (20,661,956) 28,427,355 13,956,639 62,549,513 4,799,453 6,639,093 (26,964,013) (24,212,583) 3,608,177 143,157,821 135,810,816 305,388,277 (9,164,653) 296,223,624 75 NATIONAL ELECTRONICS HOLDINGS LIMITED

7. ( ) ( ) 1,283,524,693 4,588,410 6,602,260 1,294,715,363 43,759,245 (22,468,302) 42,045,533 4,875,502 68,211,978 1,488,228 43,461,845 (11,702,002) (20,832,526) (2,608,294) (3,580,248) 102,813,255 177,252,236 (5,946,232) 171,306,004 3 NATIONAL ELECTRONICS HOLDINGS LIMITED 76

7. ( ) 327,024,562 325,531,501 1,178,838,759 90,874,056 371,159,064 599,216,082 305,876,440 402,378,144 2,182,898,825 1,417,999,783 173,095,842 485,157,907 71,307,347 173,904,033 15,999,823 125,499,603 1,144,528,867 498,712,874 3,587,830,704 2,701,274,200 181,451,968 246,236,070 30,553,560 5,656,922 43,577,832 50,692,476 3,895,120 5,269,812 259,478,480 307,855,280 46,815,748 7,020 1,689,298,818 1,004,192,702 1,995,593,046 1,312,055,002 77 NATIONAL ELECTRONICS HOLDINGS LIMITED

7. ( ) 53,657,807 179,046 165,360,436 149,012 295,903 219,642,204 (26,182,501) (835,722) (2,048,708) (1,500) (1,219,306) (30,287,737) (327,245) (327,245) (47,235,714) (47,235,714) 2,098,859 2,098,859 (1,472,000) (1,472,000) 2,682,180 2,682,180 (7,464,855) 13,450,601 24,855,624 30,841,370 (63,089) (3,248) (66,337) NATIONAL ELECTRONICS HOLDINGS LIMITED 78

7. ( ) ( ) 34,182,489 473,995 15,615,361 305,004,445 174,912 355,451,202 (19,671,173) (501,401) (5,893,300) (819,760) (26,885,634) (322,733) (322,733) (35,747,000) (35,747,000) 2,936,920 2,936,920 (13,067) (213,776) (226,843) 8,980,476 8,980,476 7,702,737 39,574,620 (3,136) 47,274,221 862,500 41,082,455 41,944,955 1,147,902,149 1,283,524,693 1,204,316 4,588,410 18,747,493 6,602,260 1,167,853,958 1,294,715,363 79 NATIONAL ELECTRONICS HOLDINGS LIMITED

7. ( ) 1,002,143,715 1,101,393,018 1,379,547,651 1,519,622,287 30,279,529 43,162,150 5,623,555 5,699,558 101,817,843 136,007,666 33,612,871 14,152,529 1,167,853,958 1,294,715,363 1,385,171,206 1,525,321,845 10% A 404,221,952 360,657,272 B 176,699,368 172,822,867 NATIONAL ELECTRONICS HOLDINGS LIMITED 80

8. 4,799,453 1,488,228 5,657,431 100,540 168,266 203,657 198,657 41,944,955 4,909,646 633,546 116,630 2,098,859 2,936,920 6,905,513 2,360,234 7,625,009 5,401,725 30,384,242 57,165,027 9. 22,501,613 19,424,245 10,631,228 6,966,165 323,974 316,755 33,456,815 26,707,165 (9,244,232) (5,874,639) 24,212,583 20,832,526 2.6% 2.06% 81 NATIONAL ELECTRONICS HOLDINGS LIMITED

1 0. 148,344,260 153,675,689 30,287,737 26,885,634 327,245 322,733 1,917,460 1,850,828 844,139,403 957,349,704 1,472,000 226,843 66,337 860,616 9,459,701 8,172,042 8,013,576 2,827,234 (2,682,180) (8,980,476) 18,155,080 11,190,670 (764,246) (685,461) 17,390,834 10,505,209 5,303,841 5,259,060 NATIONAL ELECTRONICS HOLDINGS LIMITED 82

1 1. ( a ) M.B.E.,J.P. 50,000 50,000 50,000 50,000 480,000 360,000 50,000 360,000 50,000 1,500,000 17,943,375 13,724,000 13,952,000 5,212,066 3,121,500 53,952,941 14,500 14,500 14,500 14,500 14,500 72,500 18,007,875 13,788,500 14,016,500 5,276,566 480,000 360,000 50,000 360,000 3,186,000 55,525,441 50,000 50,000 50,000 50,000 380,000 285,000 50,000 285,000 50,000 1,250,000 17,897,500 13,360,000 9,016,000 5,213,160 3,102,000 48,588,660 12,000 12,000 12,000 12,000 12,000 60,000 17,959,500 13,422,000 9,078,000 5,275,160 380,000 285,000 50,000 285,000 3,164,000 49,898,660 3,246,720 3,168,960 ( b ) (a) 83 NATIONAL ELECTRONICS HOLDINGS LIMITED

1 2. 6,781,787 4,782,000 (1,446,597) 2,098,283 5,335,190 6,880,283 331,760 8,431 (865,529) 5,666,950 6,023,185 37 3,497,703 (76,953) 16.5% 9,164,653 5,946,232 25% 305,388,277 177,252,236 16.5% 50,389,066 29,246,619 (22,408,785) (16,964,187) 7,693,731 8,054,093 (27,892,648) (14,619,088) (172,307) (161,053) 6,082,680 4,582,053 (785,791) 654,732 (3,688,424) (3,064,213) (1,446,597) 1,232,754 (520,860) (1,038,225) 1,914,588 (1,977,253) 9,164,653 5,946,232 50:50 NATIONAL ELECTRONICS HOLDINGS LIMITED 84

1 3. 3.5 4.0 34,224,492 38,578,422 2.0 19,556,853 0.5 0.5 4,889,219 4,887,809 58,670,564 43,466,231 3.5 2.0 3.5 2.0 26,970,061 11,608,361 38,578,422 85 NATIONAL ELECTRONICS HOLDINGS LIMITED

1 4. 296,223,624 171,306,004 977,413,634 972,022,747 5,641,299 2,827,780 983,054,933 974,850,527 1 5. 1,201,272,361 19,170,606 47,274,221 (120,000,000) 305,000,000 (685,308,828) 1,187,640 768,596,000 166,274,911 30,841,370 (320,000,000) (712,281) 645,000,000 NATIONAL ELECTRONICS HOLDINGS LIMITED 86

1 5. ( ) 617,500,000 734,000,000 491,000,000 734,000,000 126,500,000 27,500,000 34,596,000 645,000,000 768,596,000 87 NATIONAL ELECTRONICS HOLDINGS LIMITED

1 6. 137,275,260 22,588,428 5,152,053 37,262,935 1,080,266 30,577,424 86,726,305 32,170,638 97,718,181 15,058,128 85,708,201 551,317,819 (10,460) 144,320 40,996 42,606 59,408 29,201 (144,041) 162,030 15,544,010 875,985 499,637 2,986,445 1,981,631 9,391,579 31,279,287 53,740,000 66,260,000 120,000,000 96,715 96,715 (53,740,000) (66,260,000) (745,916) (12,157,048) (2,567,000) (11,512,393) (2,179,400) (149,161,757) 137,275,260 22,588,428 5,141,593 52,951,265 1,121,262 30,750,099 75,128,302 32,619,284 88,140,093 15,058,128 92,920,380 553,694,094 (1,986) 49,600 14,090 9,578 20,417 10,037 (87,578) 14,158 14,300,000 3,037,736 4,650,784 1,034,046 230,578 16,838,190 2,565,357 1,679,080 9,031,522 53,367,293 305,000,000 15,000,000 320,000,000 (3,735,867) (382,966) (68,404) (92,800) (4,280,037) 456,575,260 40,626,164 5,139,607 57,651,649 1,135,352 31,793,723 71,643,430 49,084,545 90,549,468 16,644,408 101,951,902 922,795,508 3,741,556 4,883,774 1,832,988 2,568,512 30,059,644 82,245,246 23,094,063 69,216,169 5,725,853 71,219,496 294,587,301 (3,721) 11,500 45,063 43,976 29,201 (75,317) 50,702 2,477,231 451,768 131,820 184,711 262,686 1,815,775 4,274,151 6,353,817 1,204,688 9,728,987 26,885,634 35,747,000 35,747,000 95,406 95,406 (35,747,000) (745,916) (12,157,048) (1,929,500) (7,258,965) (2,179,400) (60,017,829) 6,218,787 5,335,542 1,961,087 2,764,723 29,621,477 71,947,949 25,467,915 68,331,110 6,930,541 78,769,083 297,348,214 94,430 5,055 9,657 16,500 10,037 (47,123) 88,556 5,208,411 662,523 13,241 186,204 267,402 2,203,064 4,571,884 5,921,095 1,245,744 10,008,169 30,287,737 45,024,581 2,211,133 47,235,714 (3,735,867) (382,966) (65,156) (29,711) (4,213,700) 56,451,779 8,209,198 2,068,758 2,955,982 29,898,536 70,431,646 29,666,870 74,139,926 8,146,574 88,777,252 370,746,521 400,123,481 32,416,966 3,070,849 54,695,667 1,135,352 1,895,187 1,211,784 19,417,675 16,409,542 8,497,834 13,174,650 552,048,987 131,056,473 17,252,886 3,180,506 50,186,542 1,121,262 1,128,622 3,180,353 7,151,369 19,808,983 8,127,587 14,151,297 256,345,880 NATIONAL ELECTRONICS HOLDINGS LIMITED 88

1 6. ( ) 50 14 1 /3% - 33 1 /3% 25% 25% 14 1 /3% - 25% 10% 15% - 33 1 /3% 45,024,581 2,211,133 284,302,015 12,838,026 115,821,466 118,218,447 400,123,481 131,056,473 6,782,001 5,962,052 848,544 63,590 7,630,545 6,025,642 432,540,447 151,489,865 89 NATIONAL ELECTRONICS HOLDINGS LIMITED

1 7. 14,348,251 14,543,932 325,911 322,733 14,674,162 14,866,665 14,674,162 14,866,665 1 8. 678,126 678,126 678,126 678,126 678,126 678,126 NATIONAL ELECTRONICS HOLDINGS LIMITED 90

1 8. ( ) 15.09% 11.27% 3% 1 9. 507,943,193 406,110,891 46 2 0. 143,293,388 143,293,388 50,413,700 29,802,454 341,864,519 296,462,792 173,095,842 485,157,907 346,876,492 Eden Bay Corporation 20% Smart Plus Group Limited 27% Ally Vantage Limited 27% Mercato Group Limited 39.5% 91 NATIONAL ELECTRONICS HOLDINGS LIMITED

2 0. ( ) 1,740,883,838 5,367,479,431 (1,228,839,562) (3,289,066,679) 512,044,276 2,078,412,752 54,084,083 51,419,804 672,995,930 447,779,934 2 1. 8 398 (8) (398) NATIONAL ELECTRONICS HOLDINGS LIMITED 92

2 1. ( ) Harvest Sun Holdings Limited 50% 1,659,486 537,303,482 46,679,936 53,256,093 31,966,456 251,821,238 27,362,880 346,189,891 13 164,204 7,176,190 2,112,765 (480,845) (361,651) 3,588,088 974,281 5,690,788 3,972,288 93 NATIONAL ELECTRONICS HOLDINGS LIMITED

2 2. 21,230,000 20,490,000 1,000,000 (1,000,000) 21,230,000 20,490,000 2,000,000 2,000,000 2 3. 11,768,269 11,721,920 11,768,269 11,721,920 11,768,269 11,721,920 2 4. 1.6 44,268,511 40,537,578 13,352,622 18,890,574 75,808,105 113,786,722 133,429,238 173,214,874 2,682,180 8,980,476 NATIONAL ELECTRONICS HOLDINGS LIMITED 94

2 5. 5 2 6. 1,183,576,472 78,820,146 2 7. 2 8. 1,562,246 1,721,248 30 61,171,034 66,770,504 (6,064,596) (8,163,455) 55,106,438 58,607,049 38,406,299 11,485,113 11,693,360 9,214,949 30,969,476 95,127,087 136,175,573 174,434,198 30 60 30 44,660,197 50,656,666 31 90 4,940,440 5,445,467 91 180 4,496,135 1,440,735 180 1,009,666 1,064,181 55,106,438 58,607,049 81% 86% 10,446,241 7,950,383 95 NATIONAL ELECTRONICS HOLDINGS LIMITED

2 8. ( ) 31 90 4,940,440 5,445,467 91 180 4,496,135 1,440,735 180 1,009,666 1,064,181 10,446,241 7,950,383 8,163,455 11,087,308 226,843 (213,776) (2,098,859) (2,936,920) 6,064,596 8,163,455 6,064,596 8,163,455 180 6,064,596 8,163,455 2 9. 0.001 3.25 0.001 1.8 NATIONAL ELECTRONICS HOLDINGS LIMITED 96

3 0. 121,061,169 169,629,879 30 67,927,801 105,990,587 31 90 38,178,838 50,393,997 91 180 5,656,316 7,054,868 180 9,298,214 6,190,427 121,061,169 169,629,879 3 3 1. 912,925 7,545 81,333 2,145,636 9,982,148 657,552 2,145,636 9,989,693 81,333 657,552 3,058,561 9,989,693 81,333 657,552 97 NATIONAL ELECTRONICS HOLDINGS LIMITED

3 1. ( ) 288,000,000 1.64 2,636,272 50,000,000 3.47 30,000,000 3.10 30,000,000 3.68 50,000,000 3.62 50,000,000 3.92 75,000,000 4.00 * * 2.95 0.30 NATIONAL ELECTRONICS HOLDINGS LIMITED 98

3 1. ( ) ( ) 500,000 1,000,000 * 1 7.73 * 500,000 1,000,000 50,000,000 1 0.09470 3 2. 3,319,946 2,002,592 3,378,010 2,555,046 6,697,956 4,557,638 1.35 4 1.7 3.5 99 NATIONAL ELECTRONICS HOLDINGS LIMITED

3 2. ( ) 3,503,574 2,153,232 3,319,946 2,002,592 3,472,717 2,635,550 3,378,010 2,555,046 6,976,291 4,788,782 6,697,956 4,557,638 (278,335) (231,144) 6,697,956 4,557,638 6,697,956 4,557,638 (3,319,946) (2,002,592) 3,378,010 2,555,046 3 3. 1,277,641,702 573,317,974 309,356,170 388,135,612 1,586,997,872 961,453,586 510,786,792 583,051,022 22,733,592 84,250,928 775,917,980 50,299,464 277,559,508 243,852,172 1,586,997,872 961,453,586 (510,786,792) (583,051,022) 1,076,211,080 378,402,564 140,789,470 75,968,509 121,273,100 132,764,693 2.083.431.343.34 NATIONAL ELECTRONICS HOLDINGS LIMITED 100

3 4. 0.1 1,500,000,000 1,500,000,000 150,000,000 150,000,000 977,542,511 967,429,928 97,754,251 96,742,993 300,000 14,806,583 30,000 1,480,658 (1,280,000) (4,694,000) (128,000) (469,400) 976,562,511 977,542,511 97,656,251 97,754,251 0.1 1,280,000 1.02 1.01 1,304,600 101 NATIONAL ELECTRONICS HOLDINGS LIMITED

3 5. 22,785,730 90,854,039 32,577,840 2,900,000 46,886,066 196,003,675 11,347,582 11,347,582 10,127,703 10,127,703 (43,466,231) (43,466,231) 469,400 (3,875,666) (3,406,266) 32,913,433 90,854,039 33,047,240 2,900,000 10,891,751 170,606,463 53,604,526 53,604,526 264,740 (66,740) 198,000 (58,670,564) (58,670,564) 128,000 (1,309,272) (1,181,272) 33,178,173 90,854,039 33,175,240 2,833,260 4,516,441 164,557,153 (a) (b) 95,370,480 101,745,790 90,854,039 90,854,039 4,516,441 10,891,751 NATIONAL ELECTRONICS HOLDINGS LIMITED 102

3 6. 4,338,325 4,074,193 269,037 264,132 (350,159) 4,257,203 4,338,325 0.4% 0.4% 3.5% 3.0% 787 9,385 26,521 91,328 241,729 163,419 269,037 264,132 103 NATIONAL ELECTRONICS HOLDINGS LIMITED

3 6. ( ) 6,731,245 7,263,353 (2,474,042) (2,925,028) 4,257,203 4,338,325 7,263,353 6,724,820 787 9,385 26,521 91,328 (209,257) 437,820 (350,159) 6,731,245 7,263,353 1,127,286 1,024,814 NATIONAL ELECTRONICS HOLDINGS LIMITED 104

3 7. 3,361,049 23,933,930 57,213,211 (1,762,990) 82,745,200 (52,132,210) (52,132,210) 3,361,049 23,933,930 5,081,001 (1,762,990) 30,612,990 1,145,968 1,925,684 (3,148,605) (76,953) (4,544,138) (4,544,138) 4,499,117 (3,770,299) 728,818 1,650,000 (1,650,000) (5,902,992) (5,902,992) 796,827 796,827 9,006,134 15,136,800 5,356,685 (7,885,067) 21,614,552 7,407,599 (1,866,214) (2,043,682) 3,497,703 (7,793,893) (7,793,893) 57,852,399 57,852,399 16,413,733 65,195,306 3,490,471 (9,928,749) 75,170,761 449,057,000 458,825,000 9,929,000 7,885,000 59,553,000 47,788,000 389,504,000 411,037,000 2,199,000 3,307,000 10,125,000 10,174,000 105 NATIONAL ELECTRONICS HOLDINGS LIMITED

3 8. a 2,174,493,263 1,482,105,250 b 90,000,000 90,000,000 90,000,000 90,000,000 c 621,000 621,000 90,621,000 90,621,000 2,264,493,263 1,572,105,250 (a) (b) (c) 2,174,493,263 1,482,105,250 913,846,027 601,957,780 101,832,302 5,214,717 90,000,000 90,000,000 90,000,000 90,000,000 59,393,043 11,032,916 38,390,400 97,783,443 11,032,916 NATIONAL ELECTRONICS HOLDINGS LIMITED 106

3 9. 15,073,036 15,569,631 25,590,071 17,804,201 6,713,050 19,089,688 47,376,157 52,463,520 4,406,442 4,790,026 777,205 57,710 5,183,647 4,847,736 4 0. 5% 1,250 6,835,101 4,446,531 107 NATIONAL ELECTRONICS HOLDINGS LIMITED

4 1. 617,500,000 734,000,000 32,416,966 17,252,886 3,180,506 7,442,549 127,357,921 1,183,576,472 78,820,146 400,123,481 131,056,473 4 2. (1) 1,743,413 2,636,786 633,546 116,630 447,872,881 (2) 2,272,860 (3) 20 21 27 (4) 38 (5) 11 NATIONAL ELECTRONICS HOLDINGS LIMITED 108

4 3. 15,800,000 16,100,000 1.62% 1.65% 10% 1% 0.1% 5,000,000 1 (i) (ii) (iii) 0.542 9,200,000 9,200,000 0.760 6,900,000 (300,000) 6,600,000 16,100,000 (300,000) 15,800,000 15,800,000 0.635 0.760 0.633 109 NATIONAL ELECTRONICS HOLDINGS LIMITED

4 3. ( ) 0.542 9,200,000 9,200,000 0.760 6,900,000 6,900,000 16,100,000 16,100,000 16,100,000 0.635 0.635 0.95 4 4. (a) Tania Investments Holdings Limited 50% 250,000,000 5,657,431 Tania Investments Holdings Limited Tania Investments Holdings Limited 250,000,000 (112,499,610) 137,500,390 527,748 NATIONAL ELECTRONICS HOLDINGS LIMITED 110

4 4. ( ) (a) ( ) 900,000,000 60,100 59,024 (820,907) (224,999,220) (3,549,197) (326,581,759) (57,852,399) 286,315,642 137,500,390 Tania Investments Holdings Limited 50% 143,157,821 (286,315,642) (5,657,431) Tania Investments Holdings Limited 250,000,000 (112,499,610) (59,024) 137,441,366 Tania Investments Holdings Limited 28,319 Tania Investments Holdings Limited 1,168,000,000 296,000,000 Tania Investments Holdings Limited 111 NATIONAL ELECTRONICS HOLDINGS LIMITED

4 4. ( ) (b) Roebuck Investments Limited 80% 123,559,286 678,126 Roebuck Investments Limited Roebuck Investments Limited 123,559,286 508,205 305,000,000 1,309 884,630 423,948 27,550,563 (7,332,632) (43,407,907) (128,620,112) (728,818) 153,770,981 884,630 123,559,286 Roebuck Investments Limited 20% 30,889,821 (153,770,981) 678,126 NATIONAL ELECTRONICS HOLDINGS LIMITED 112

4 4. ( ) (b) ( ) Roebuck Investments Limited 123,559,286 (27,550,563) 96,008,723 Roebuck Investments Limited 2,009,978 Roebuck Investments Limited 6,602,261 1,363,000,000 233,000,000 Roebuck Investments Limited 113 NATIONAL ELECTRONICS HOLDINGS LIMITED

4 5. (a) Camy S.A. 4,225,750 Camy S.A. 4,225,750 142,927 (25,354) 117,573 4,225,750 (500,000) (117,573) 3,608,177 4,225,750 (142,927) 4,082,823 NATIONAL ELECTRONICS HOLDINGS LIMITED 114

4 5. ( ) (b) Smart Plus Group Limited Smart Plus Group Limited 110,960,000 342,672,750 354,734 5,281,512 (74,396,796) (12,988,691) (6,233,537) (104,668,159) 150,021,813 110,960,000 (14,000,000) (150,021,813) 41,040,000 (12,021,813) 110,960,000 (5,281,512) 105,678,488 115 NATIONAL ELECTRONICS HOLDINGS LIMITED

4 5. ( ) (c) Ally Vantage Limited Ally Vantage Limited 98,112,000 42,048,000 140,160,000 342,636,078 796,827 18,680 3,869,149 (63,543,810) (2,493,984) (112,696,459) 168,586,481 140,160,000 (14,000,000) (168,586,481) 51,840,000 9,413,519 98,112,000 (3,869,149) 94,242,851 NATIONAL ELECTRONICS HOLDINGS LIMITED 116

4 6. 4,000 100% 0.25 100 100% 1 Baccarat Investments 1 100% Limited 1 Banyan Villas Holdings 2 100% Limited 1 Brady Limited 100 100% 1 Chirac Limited 10 100% 10 1 100% 1 Clare Holding Limited 100 100% 1 10 100% 10 10 100% 1 2 100% 1 10 100% 10 100 100% 1 117 NATIONAL ELECTRONICS HOLDINGS LIMITED

4 6. ( ) Joyful Asia Group Limited 100 100% 1 Majorell Limited 100 100% 10 Miyota Trading Limited 100 100% 1 10,000 100% 1 National Commercial 100 100% Developments Limited 1 100 100% 10 100,000 10 100 100% 10 200,000 10 100 100% 1 National Hotel Holdings 100 100% Limited 1 2 100% 1 National Properties 1 100% Holdings Limited 1 National Residential 10,000 100% Developments Limited 1 National Residential 100 100% Developments Limited 1 NATIONAL ELECTRONICS HOLDINGS LIMITED 118

4 6. ( ) 100 100% 10 200,000 10 100 100% 10 55,000 10 Phoenix Investment S.a.r.l. 500 100% 25 Roebuck Investments Limited 100 100% 1 Seafield Capital Limited 1 100% 1 Smart Rise Investments Limited 100 100% 1 Spring Orchard Limited 1,000 100% 1 St. Thomas Commercial 100 100% Developments Incorporated St. Thomas Developments 10,000 100% Incorporated Susanne Limited 100 100% 1 2 100% 1 Tania Limited 1 100% 1 Tania Development 100 100% Limited 1 Tania Investments Limited 100 100% 1 119 NATIONAL ELECTRONICS HOLDINGS LIMITED

4 6. ( ) Terence Limited 1 100% 1 Terence Limited 100 100% 1 The Putman Management 100 100% Limited 1 Unionville Development 100% Limited Partnership 64,841 Unionville Development (2010) 100% Limited Partnership 180,455 Verde Group Limited 1 100% 1 1061383 Ontario Limited 100 100% 1 100% * 14,000,000 100% * 56,000,000 100% * 4,450,000 * 100% 5,000,000 * NATIONAL ELECTRONICS HOLDINGS LIMITED 120

194 196 100% 202 The Putman 100% 8 A 24 A2 1 16 88 C36 2 100% 100% 100% 121 NATIONAL ELECTRONICS HOLDINGS LIMITED

1,167,854 1,294,715 1,265,369 1,113,704 2,301,704 (990,349) (1,106,093) (1,114,202) (982,173) (2,040,410) 177,505 188,622 151,167 131,531 261,294 30,384 57,165 6,901 50,106 5,649 30,841 47,274 140,104 57,001 62,973 (46,629) (9,247) (7,702) (8,277) (7,248) (7,793) (182,459) (183,899) (173,308) (124,781) (146,101) (24,213) (20,833) (20,380) (15,322) (27,526) 3,608 (2,608) 20,747 (3,580) 135,811 102,813 198,019 43,184 35,678 143,158 (1) 305,388 177,252 314,973 134,470 137,545 (9,164) (5,946) (7,328) (12,754) (28,714) 296,224 171,306 307,645 121,716 108,831 30.3 17.6 31.7 12.5 11.1 30.1 17.6 31.7 12.5 11.1 3,587,831 2,701,274 2,719,335 2,160,667 2,116,748 1,995,593 1,312,055 1,437,006 1,324,336 1,393,381 1,592,238 1,389,219 1,282,329 836,331 723,367 12 NATIONAL ELECTRONICS HOLDINGS LIMITED 122

The superstructure work for the Group s boutique hotel apartment at 194-196 Queen s Road Central has completed and the project is scheduled to be launched in early 2014. 194 196

99 Bonham, the Group s third boutique hotel apartment joint venture with a real estate fund managed by J.P.Morgan Asset Management, launched in October 2012. The exterior and interiors were designed by the world-renowned architect firm Antonio Citterio Patricia Viel and Partners. 99 BonhamJ. P. Morgan Asset Management Antonio Citterio Patricia Viel and Partners

99 Bonham exudes Italian chic, from the custom-designed furniture to the luxurious Frette linens and beddings. 99 BonhamFrette The spacious suite at 99 Bonham offers a magnificent city view in a modern yet cozy setting. 99 Bonham 99 Bonham offers guests a tranquil environment while being conveniently located next to the business center of Hong Kong. 99 Bonham

The Group s luxurious residential development at 45 Tai Tam Road has completed site formation work and preparation is underway for the foundation works to commence. 45