迎海 THE H COLLECTION 六八八廣場

構建躍動社區恒基地產多年來積極推動可持續發展, 在設計與項目發展上屢創先河集團致力創新, 放眼世界, 擁抱國際標準, 憑遠見預視社會的未來需要和大眾的生活焦點, 悉心打造宜居社區位於上海南京西路的六八八廣場, 是集團最新的經典之作, 設計風格別樹一幟, 屢獲殊榮, 進一步強化集團於上海的投資物業組合二零一四年年報

迎海 3 4 6 7 10 THE H COLLECTION 40 46 52 63 64 66 78 80 82 93 110 六八八廣場 117 118 214 217 220

3.7 14.3 46.6 29.7 0.9 1.2 11.9 1.4 14.5 1.9 6.3 4.7 2014 12 31 2.0 2 3

獎項及榮譽 1. 5 1 2 3 4 2. 香港建築環境評估法香港建造商會白金級別尚悅尚匯友邦廣場 2013 年度積極推動安全獎綠建環評 BEAM Plus 新建建築香港綠色建築議會 7 6 MerComm, Inc. 嘉許獎主席報告地產發展組別炮仗街 162-168 號暫定銅級曉悅 3. 環保建築大獎 2014 香港綠色建築議會優異獎京華道 14-30 號 4. 2014 年度優質建築大獎香港房屋經理學會香港建造商會香港建築師學會及其他六個專業團體 / 商會優異獎香港住宅項目 [ 單幢 ] 尚匯 12 13 11 10 5. 2014 年度智能建築大廈亞洲智能建築學會優異級別六八八廣場及環智國際大廈上海 6. iproperty 最佳建築大獎 2014 iproperty Group 最佳市區住宅項目 The H Collection 14 7. 15 香港建築信息模擬設計大獎 2014 歐特克 16 香港建築信息模擬設計大獎 2014 京華道 14-30 號 17 8. BCI Asia 十大公司獎 2014 BCI Asia 十大最傑出地產發展商大獎 2014 9. 12. 2014 年 ARC 國際年報獎暫定金級成安街 33 號馬頭圍道暫定銀級馬頭角道 50-56 號及 58-64 號及 9 裕民恒順恒達暫定白金級京華道 14-30 號 200 號環匯廣場倚南 8 11. 2013 香港建造商會安全獎建築環保評估協會恒生可持續發展企業指數系列恒生指數有限公司成份公司恒基地產香港中華煤氣港華燃氣 10. 2013/14 商界展關懷 13. 2014 年燃氣行業獎 IGEM 及 EUA 最佳燃氣公司港華燃氣 14. 2014 Questar 大獎 MerComm, Inc. 企業品牌體驗組別銀獎問月酒店 15. 2013/14 一廠一年一環保項目計劃香港工業總會與恒生銀行恒生珠三角環保大獎綠色計劃公司香港油蔴地小輪船有限公司香港船廠有限公司恒生珠三角環保大獎 3 年 + 參與公司香港船廠有限公司恒生珠三角環保大獎 5 年 + 參與公司香港油蔴地小輪船有限公司 16. 亞太傑出顧客服務獎 2013 亞太顧客服務協會 2013 年最佳企業環保責任領袖物業管理恒益及偉邦 2013 年最佳現場支援隊伍物業管理恒益及偉邦連續十二年參與大獎偉邦 17. 2014 最佳園林大獎香港康樂及文化事務署最佳園林大獎私人物業金獎迎海第一期 18. 卓越設施管理獎 2014 香港設施管理學會卓越設施管理獎商場美麗華商場卓越設施管理獎寫字樓優異獎友邦九龍金融中心香港社會服務聯會亞洲國際商業地產投資交易會大獎 2014 中國卓越物業大獎 2014 Ensign Media 及透視雜誌 Reed MIDEM 最佳房地產商最佳酒店及旅遊業項目銅獎問月酒店最佳住房中國迎海恒基地產香港中華煤氣香港小輪 2014-2015 年度亞太區房地產大獎 18 美麗華酒店美麗華旅遊恒益偉邦及冠威國際地產大獎最佳大型住房香港迎海香港住宅優異獎迎海最佳綠化物業中國京華道 14-30 號香港商廈優異獎京華道 14-30 號最佳住房香港優異獎曉珀及曉珀御香港高層住宅建築項目優異獎維峯恒基兆業地產有限公司二零一四年年報 5

2014 12 31 1,630 3,810 33.33% 69.27% 41.51% 45.08% 62.39% 2014 12 31 6

1 16,802 17,095-2% 1 3,376 3,911-14% 2 7,904 7,307 +8% 2 5,988 5,605 +7% 3 9,292 8,938 +4% 16,752 15,948 +5% 3, 4 3.11 3.04 +2% 4 5.62 5.43 +3% 1.10 1.06 +4% 101 101 4 79.38 82.77-4% 15.7% 17.2% -1.5 5 13.0 13.7 0.9 0.8 13.9 14.5 9.9 10.1 23.8 24.6 44.5 42.5 / 126.1 136.1 2.5 1.2 7.3 6.6 135.9 143.9 1 2 3 4 5 / 7

為環境添注活力迎海馬鞍山. 香港

4% 3.11 3.04 5%5.62 5.43 7% 15.7% 17.2% 10

4% 14% 7%

The H Collection 93% 54% Global Gateway Tower 12

/ 1. 20 0.9 2. 9 0.9 1.8 3. 5 1.3 4. 5. 6. 13 1.3 27 2.1 40 1.3 7. 15 1 0.3 8.1 / 4.0 0.9 92 2640 0.5 0.4 5.8 13.9 13

% 1. 8 2. 11 3. 1 4. * 51 5. * 188 6. * 33 7. * 3 8. * 212 9. * 36 762,227 2,230,495 59.00 581 509,000 371,358 1,299,744 79.03 239 182,000 95,800 538,723 33.33 29 23,000 5,880 52,919 100.00 18 13,000 8,324 70,340 100.00 22 9,000 3,582 31,632 100.00 14 5,000 7,386 61,603 100.00 49 24,000 11,545 113,977 100.00 8 11,000 7,310 58,471 100.00 17 8,000 10. * 39 56,748 229,255 60.00 15 43,000 11. 23 12. 18 982,376 1,165,240 90.10 3 18,000 95,175 358,048 100.00 6 17,000 14

% 13. 14. 121 15. * 188 16. * 571 17. * 68 18. 24 19. 21 20. Global Gateway Tower* 63 78,781 78,781 100.00 6 13,000 6,268 55,557 33.33 42 17,000 7,350 62,858 100.00 30 14,000 7,560 63,788 100.00 58 16,000 7,953 65,763 100.00 93 48,000 11,590 173,850 100.00 60,000 14,298 214,467 50.00 5,000 28,004 336,052 100.00 202,000 1,230 1,237,000 942,000 * 15

: % 1. * 8 6,529 65,267 79.762 119 56,520 2. 200 * 4,905 41,222 100.00 120 36,764 3. * 68 6,750 60,750 100.00 41 50,625 4. 33 * 7,513 79,771 100.00 234 65,857 5. 8 6. 8 7. 50-56 58-64162-168 * 194,532 387,166 59.00 474 387,166 85,638 332,953 59.00 176 332,953 11,400 102,474 100.00 300 85,478 8. 11-33 * 19,600 176,400 100.00 448 134,396 9. 23 * 31,380 156,896 25.07 90 156,896 2,002 1,306,655 882,406 * 16

% 1. 8 2. 45-47 21,528 173,491 100.00 173,491 9,067 135,995 19.10 25,968 3. 29 23,649 11,824 100.00 11,824 4. 14-30 52,689 329,755 100.00 329,755 5. 822,380 4,039,687 18.44 744,743 929,313 4,690,752 1,285,781 17

1. 208-212 3,277 49,155 2. 307-329 20% 10,034 21,018 3. 450-456G 28,392 276,934 4. 852-858 21-39 17,720 168,640 59,423 515,747 5. 25-29 22,885 205,965 6. 8-30A 19,519 174,573 7. 2-12 50% 13,765 82,579 8. 38-40A 4,586 55,027 9. 1-15 9,788 78,304 10. 342-348 4,579 38,922 11. 352-354 2,289 19,457 12. 11-19 6,510 58,577 13. 7-7G 9,865 83,348 93,786 796,752 153,209 1,312,499 18

1. 85-95 4,950 42,075 2. 4-6 1,740 14,790 3. 12-18 4,148 39,406 4. 9-13 2,019 18,171 5. 4A-4P 65% 52,466 306,920 6. 73-73E 6,781 60,635 7. 13-15 3,993 33,941 8. 2 13,713 123,417 89,810 639,355 9. 57-692-20 18A-30 23,031 206,301 10. 2A-2F 10,614 84,912 11. 456-46650-56 22,965 206,685 12. 1-19 8,625 77,625 13. 79-83 3,630 30,855 14. 35-472-16 32-44 20,114 175,677 15. 21-27202-220 15,788 126,304 16. 3-8 6,825 54,600 17. 10-16 6,800 57,800 18. 26-2876-78 2,975 26,775 19. 15-21C80-86 8,125 73,125 19

20. 6-16A 10,200 86,700 21. 30-3675-77 6,375 57,375 22. 42-44 3,400 28,900 23. 23-2579-81 2,625 23,625 24. 31-33 3,000 25,500 25. 30-36A 6,800 57,800 26. 39-4112A-12B 2,800 25,200 27. 46-50 2,800 25,200 167,492 1,450,959 257,302 2,090,314 20

% 15 28,309 100.00 339,712 13.0 0.9 13.9 9.9 23.8 / 21

/ / 22

7% 8% 98% 40.76% % 4.5 50.6 3.6 40.4 0.4 4.5 0.4 4.5 8.9 100.0 % 2.3 25.8 2.8 31.5 3.8 42.7 8.9 100.0 23

0.2% I 78 24

9% Mira Moon 8.2% 2014 2014 362 Citistore id:c 8% 317 598 2014 LEED BEAM Plus 25

% 1. 36 2. 1 3. 188 4. 8 5. 33 6. 68 7,310 58,471 100.00 58,471 95,800 538,723 33.33 179,556 8,324 70,340 100.00 70,340 65,983 633,725 59.00 373,898 3,582 31,632 100.00 31,632 6,750 60,750 100.00 60,750 774,647 2014 The H Collection 26

20132013 % 1. 100 0.7 2. 1A 30 0.3 3. / 100 0.7 4. 2A, 2B 3 100 1.8 5. 3AC1 4-2R6 50 1.4 6. 1B 3 100 1.8 7. 2B 100 1.3 8. 2A, 2B 2C // 100 2.3 9. 2A 100 0.8 10. 2A 100 0.7 11. 1 100 0.3 12.1 27

79% * 0.9 14.5 15.4 17.8 11.9 3.7 1.9 9.5 1.4 1.2 1.4 10.6 18.3 8.7 14.3 2.8 7.2 110.7 126.1 * 28

% 100.0 79.3 12.7 10.1 9.2 7.3 4.2 3.3 126.1 100.0 29% 31% 14% 2% 93% Apple 29

Citistore Citistore 688 15% 96% Citistore 30

10% 1%28,835 252,135 6.1% 1,819,935 21,2041.2% 108362.39% 26% 31

14% 10% BBB cna cna+ 1.1 Baa2 32

580 2.5 4.75% A3A- 33

208 251% 98% 76% 71% 121 3% 2% 19% EBITDA 9% The Mira Hong Kong 13% 34

Conde Nast Traveller Travel + LeisureIT List: The Best New Hotels 2014 Expedia2014 Hong Kong s Rising Star DestinAsian 2014 The Luxe List 27%EBITDA School Food 90% 7% EBITDA7% The Mira Hong KongWHISK SCAD Mira Mall 35

15.7% 17.2% / A 3.4% 36

為生活增添品味尚悅元朗. 香港

8 59% 3,535 1,042,397 2,950,614 Rogers Stirk Harbour + Partners 2014 121 33.33% 95 6,268 55,557 2014 3 100% 119 7,386 61,603 40

51 100% 59 5,880 52,919 2014 2-12 50% 63 Global Gateway Tower 100% 28,004 336,052 188 100% 110 7,350 62,858 13,765 82,585 41

571 100% 187 7,560 63,788 33 100% 234 7,513 79,771 200 100% 120 4,905 41,222 68 100% 106 7,953 65,763 42

50-5658-64 162-168 100% 300 11,400 102,474 8 79.762% 119 6,529 65,267 11-33 100% 448 19,600 176,400 43

已開售尚有餘貨之主要發展項目 1 2 3 4 5 6 7 8 9 10 擬於二零一五年開售之項目 21 22 200 23 24 33 25 26 27 50-5658-64 162-168 28 11-33 829 23 舊有市區地盤發展中項目 30 31 45-47 32 29 33 14-30 34 11 12 13 14 15 16 17 18 19 20 Global Gateway Tower 新收購市區舊樓重建項目已購全部業權新收購市區舊樓重建項目已購八成以上業權 48 85-95 49 4-6 50 12-18 51 9-13 52 4A-4P 53 73-73E 54 13-15 55 2 56 57-692-20 18A-30 57 2A-2F 58 456-466 50-56 59 1-19 60 79-83 61 35-47 2-1632-44 62 21-27202-220 63 3-8 64 10-16 65 26-2876-78 66 15-21C80-86 67 6-16A 68 30-36 75-77 69 42-44 70 23-25 79-81 71 31-33 72 30-36A 73 39-41 12A-12B 74 46-50 35 208-212 36 307-329 37 450-456G 38 852-858 21-39 39 25-29 40 8-30A 41 2-12 842 38-40A 43 1-15 44 342-348 45 352-354 46 11-19 47 7-7G 44

1 37 48 49 50 51 38 56 52 39 61 58 60 62 63 40 59 57 2 13 3 18 11 19 20 25 26 31 32 30 33 34 4 14 5 8 9 10 15 65 67 68 69 64 66 70 71 72 73 74 17 16 12 7 29 36 42 35 28 41 27 43 22 44 45 46 47 6 21 24 54 53 55 23 45

36 2895 100.00 108,214 - - - 108,214 49 170-188 2050 100.00-21,842 134,450-156,292-308-320 2865 100.00-31,987 182,373-214,360-183 2047 100.00-22,338 490,072-512,410 207 1 2047 40.76-53,452 319,754-373,206 71 33 52,55,56 77 88 8 2047 40.76-207,423 451,746-659,169 189 8 2047 40.76 216,050 - - - 216,050 7 39 2061 60.00 35,545 - - - 35,545 48 388-390 2026 100.00 66,128 - - - 66,128-610 2047 33.33-33,511 64,422-97,933-29 2047 100.00 - - - 150,212 150,212-9 2047 100.00 - - 161,998-161,998 40 79 2023 100.00 - - 172,114-172,114 76 223-231 2050 88.50-47,860 919,004-966,864 394 78 78 2047 100.00 - - - 119,995 119,995 16 52 2047 100.00 - - - 125,114 125,114-712 2047 100.00 - - 216,593-216,593 70 33 2026 100.00-13,620 - - 13,620-500 2055 100.00-53,443 - - 53,443-33 2047 100.00-151,513 - - 151,513 302 88 2047 60.00-94,657 - - 94,657 130 2047 100.00-195,280 - - 195,280 78 210 526 2047 40.00-9,566 - - 9,566 151 46

I 2015 4 13 I II 2015 4 13 II 68 2047 74.96-138,555 156,981-295,536 100 145-165 2047 100.00-155,022 - - 155,022 85 88 2047 100.00-154,259 - - 154,259 104 2-16 2047 100.00-100,029 - - 100,029 545 21-27 2047 77.55-114,730 - - 114,730 67 A B 18 2047 100.00-9,305 - - 9,305 - C D 22 2047 100.00-10,236 - - 10,236 - N, P, Q R 8 2047 100.00-58,881 - - 58,881 186 18 2047 100.00-532,637 - - 532,637 829 628 2047 100.00-79,642 - - 79,642 224 2015 4 13 1 2047 100.00-140,341 - - 140,341 51 1 2047 100.00-35,186 - - 35,186-23 2047 100.00-87,766 - - 87,766-8 2047 100.00-956,849 - - 956,849 669 8 2047 100.00-266,954 - - 266,954 233 20 2047 20.00-92,536 32,280-124,816 233 8 2052 100.00-30,139 - - 30,139 250 8 2047 59.00-58,131 - - 58,131 328 425,937 3,957,690 3,301,787 395,321 8,080,735 5,656 47

40 22 39 主要已建成收租物業 A B N, P, Q R C D 78 I II 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 22 23 24 25 18 19 20 21 48

24 25 27 28 36 20 21 12 11 16 17 15 14 35 37 38 4 5 9 7 6 8 2 3 1 10 18 13 19 26 23 29 30 31 32 41 33 34 49

恒基. 凱旋門鞍山市譽瓏島宜興市

玲瓏翠谷南京市為城市傾注動力

100% 52

100% 1 2A 2B 3A 30% 53

100% 54

50% 55

100% 51% 56

100% 50% 57

100% 100% 58

100% 59

100% 1A 60

50% 1A 1B C1 C22A 3A C1 C22R6 4R1 2R2 100% 2A 2B 2C 61

100% 1A 1B 32A 2B 100% F1A/1B/1C 1D B11A/1B/1C 62

% 2044 100.00 187,338 1,975,212 2,162,550-18 2033 100.00 888,658-888,658 244,573 300 2053 100.00 425,396 429,109 854,505 181,143 688 2044 100.00 54,475 660,880 715,355 204,936 3 2043 100.00-687,981 687,981-547 2042 100.00 293,448 142,353 435,801 93,782 568 2042 100.00 65,467 368,658 434,125 74,938 436 2042 100.00 52,922 355,883 408,805 71,016 133 2040 100.00 699,875-699,875 216,157 2,667,579 4,620,076 7,287,655 1,086,545 63

/ 64

/ / / % % 15,466 15,743-2% 2,861 2,952-3% 5,445 4,994 +9% 3,894 3,670 +6% 888 1,290-31% (22) (26) +15% (55) (41) -34% 188 194-3% 47 57-18% 431 399 +8% 85 79 +8% 953 669 +42% 315 134 +135% 23,371 23,289 +0.4% 7,125 6,825 +4% % 16,752 15,948 +5% 9,292 8,938 +4% 66

/ % 9,292 8,938 354 +4% / / (113) (113) (10) (35) 25 (132) (132) (713) (674) (39) (158) 158 362 344 18 8,686 8,415 271 +3% 67

/ % 10,122 10,570 (448) -4% 5,344 5,173 171 +3% 15,466 15,743 (277) -2% 5,412,000,000 4,112,000,000 9,365,000,000 2A2B32A 1B34,775,000,000 3,364,000,000 68

/ % 2,716 3,503 (787) -22% 660 408 252 +62% 3,376 3,911 (535) -14% 2A2B32A1B3 / % 2,680 2,810 (130) -5% 327 18 309 +1,717% 369 1,083 (714) -66% 3,376 3,911 (535) -14% 69

% 3,976 3,691 285 +8% 1,469 1,303 166 +13% 5,445 4,994 451 +9% % 4,892 4,534 358 +8% 1,096 1,071 25 +2% 5,988 5,605 383 +7% 3,878 3,665 213 +6% 689 610 79 +13% 1,421 1,330 91 +7% 5,988 5,605 383 +7% (i) 44,000,000(ii) 70

402,000,000 888,000,000 713,000,000 3031 14,000,000 235,000,000 318,000,000 83,000,00026% 58,43877,37624% 6,000,000 3% 10,000,000 18% 70% 76% 68% 71% 3% 10% 5% 71

431,000,000 399,000,000 85,000,000 79,000,0008% Citistore 284,000,00042% (i)132,000,000 (ii) 108,000,000 181,000,000 135% 113,000,000 4,181,000,000 3,669,000,000 512,000,00014% 796,000,000 552,000,000 3,385,000,000 3,117,000,000 268,000,0009% (i) 108,000,000 272,000,000(a) 131,000,000 (b) 300,000,000 42,000,000 72

(ii) 160,000,000 284,000,000 (a)15,000,000(b) 42,000,000(c) 1.97%61,000,000 (iii) 7,000,000 0.87% 97,000,000 (a) Mira Mall 24,000,000(b) 38,000,000(c) 28,000,000 2,657,000,000 2,613,000,000 44,000,0002% 1,188,000,000 628,000,000 1,469,000,000 1,985,000,000 516,000,00026% 582,000,000 80,000,000 859,000,000 957,000,0002,021,000,000 2,179,000,000 4.0% 4.44% 5,538,000,000 6,345,000,000 73

10,420,000,000 11,194,000,000 13,590 7,418 6,940 12,588 20,512 18,938 1,660 7,841 5,021 5,474 47,723 52,259 10,303 13,915 37,420 38,344 238,150 223,402 (%) 15.7% 17.2% 74

11,810 11,227 1,840 1,986 6 6 672,000,00050,000,000 200,000,000 10,000,000,000835,000,00050,000,000 200,000,000 10,000,000,000 12,000,000,000 12,000,000,000 75

4,688,000,000 100,000,000 127,000,000 50%18,000,000 668,000,000 539,000,000 140,000,000 89,000,000 646,000,000 26,303,000,000 27,342,000,000 3,104,000,000 2,451,000,000 76

2,019,000,000 2,240,000,000 (i) 536,000,000 453,000,000 (ii) 232,000,000 467,000,000 (iii) 1,234,000,000 1,303,000,000 8,5608,300 (i) 118 (ii) 81 2,088,000,000 1,907,000,000 (i)138,000,000 139,000,000 (ii) 1,950,000,000 1,768,000,000 77

15,820 17,184 20,201 ^ 15,948 16,752 5,042 5,560 7,091 ^ 8,938 9,292 7.32 7.44 7.70 ^ 5.43 5.62 2.33 2.41 2.70 ^ 3.04 3.11 1.00 1.00 1.06 1.06 1.10 84,068 92,771 101,072 108,872 119,705 37,981 40,092 ^ 42,403 ^ 48,108 50,146 / 20,947 23,722 29,588 31,046 32,365 60,717 68,204 76,403 80,233 80,101 44,818 36,890 35,205 38,344 37,420 159,038 185,311 ^ 205,163 ^ 223,402 238,150 28.2% 19.9% 17.2% 17.2% 15.7% 73.09 78.22 ^ 84.95 ^ 82.77 79.38 ^ / 880,000,000 78

% 90 80 70 73.09 78.22 84.95 82.77 79.38 30 25 28.2% 60 50 40 20 15 19.9% 17.2% 17.2% 15.7% 30 10 20 10 5 0 2010 2011 2012 2013 2014 0 2010 2011 2012 2013 2014 4% 3.5 3.0 2.70 3.04 3.11 2.5 2.33 2.41 48% 32% 2.0 1.5 1.0 1.00 1.00 1.06 1.06 1.10 16% 0.5 0.0 2010 2011 2012 2013 2014 79

LEED BEAM BEAM PlusGBDL Ensign Media 2014 2014 2014 www.hld.com 80

96% 99.7% 99.6% 81

1) 2) 14 A.2.1 3) a) 82

b) c) 110114 / 83

d) 3.13 3.13(7) (i) (ii) / 84

e) i) / 89 ii) / f) g) h) 110114 85

4) a) 86

b) 16155156 157/ (i) (ii)(iii) (iv) 87

c) d) 88

e) / 4/4 1 1/1 3/3 1/1 4/4 1 1/1 5/5 1/1 3/3 1/1 4/4 1 1/1 5/5 1/1 5/5 1/1 5/5 1/1 4/4 1 1/1 5/5 1/1 3/4 1 1/1 5/5 1/1 5/5 1/1 5/5 1/1 4/4 1 1/1 5/5 3/3 1/1 3/3 1/1 5/5 3/3 1/1 3/3 1/1 5/5 3/3 1/1 3/3 1/1 5/5 1/1 5/5 3/3 1/1 1/1 5/5 1/1 1/1 5/5 1/1 1/1 5/5 1/1 1. 89

5) 118 6) 20,100,000 19,400,0003,700,000 2,000,000 7) 8) 9) 90

10) 11) 12) 91

13) 5665% ir@hld.com 615616 2.5% ir@hld.com 2908 8392ir@hld.com http://www.hld.com 92

166171 204211 119213 93

71,000,000 53,000,000 172176 190 192 153a 193196 269,899,614 46.4631,037,72455.79 405,722 194195 b 7879 4063 16155156 94

116 352 XV 95

1 9,654,499 2,069,542,665 2,079,197,164 69.30 1 2,068,405,010 2,068,405,010 68.94 1 2,068,405,010 2,068,405,010 68.94 1 2,068,405,010 2,068,405,010 68.94 2 74,320 74,320 0.00 3 136,788 136,788 0.00 4 39,269 39,269 0.00 5 330,133 25,910 356,043 0.01 6 1,548,043 1,548,043 0.05 7 2,420 2,420 0.00 8 60,500 60,500 0.00 9 2,115,274,943 2,115,274,943 69.41 9 2,110,868,943 2,110,868,943 69.27 9 2,110,868,943 2,110,868,943 69.27 9 2,110,868,943 2,110,868,943 69.27 10 6,666 6,666 0.00 11 1,001,739 1,001,739 0.03 12 4,364,016,823 4,364,016,823 41.51 12 4,364,016,823 4,364,016,823 41.51 12 4,364,016,823 4,364,016,823 41.51 12 4,364,016,823 4,364,016,823 41.51 13 97,437 97,437 0.00 14 136,906 136,906 0.00 15 799,220 118,732,090 119,531,310 33.55 15 118,732,090 118,732,090 33.33 15 118,732,090 118,732,090 33.33 15 118,732,090 118,732,090 33.33 16 150,000 150,000 0.04 17 465,100 465,100 0.13 18 2,250 2,250 0.00 19 260,239,250 260,239,250 45.08 19 260,239,250 260,239,250 45.08 19 260,239,250 260,239,250 45.08 19 260,239,250 260,239,250 45.08 20 1,642,489,654 1,642,489,654 62.39 20 1,642,489,654 1,642,489,654 62.39 20 1,642,489,654 1,642,489,654 62.39 20 1,642,489,654 1,642,489,654 62.39 96

21 8,190 8,190 100.00 A A 22 3,510 3,510 100.00 B B 23 35,000,000 15,000,000 50,000,000 100.00 21 8,190 8,190 100.00 A A 22 3,510 3,510 100.00 B B 23 15,000,000 15,000,000 30.00 21 8,190 8,190 100.00 A A 22 3,510 3,510 100.00 B B 23 15,000,000 15,000,000 30.00 21 8,190 8,190 100.00 A A 22 3,510 3,510 100.00 B B 23 15,000,000 15,000,000 30.00 97

Best Homes Limited 24 26,000 26,000 100.00 24 26,000 26,000 100.00 24 26,000 26,000 100.00 24 26,000 26,000 100.00 25 5,000 5,000 10,000 100.00 26 2,000 2,000 20.00 Furnline Limited 27 100 100 100.00 A A 28 1 1 100.00 B B 27 100 100 100.00 A A 28 1 1 100.00 B B 27 100 100 100.00 A A 28 1 1 100.00 B B 27 100 100 100.00 A A 28 1 1 100.00 B B 29 50 50 5.00 30 100 100 100.00 30 100 100 100.00 30 100 100 100.00 30 100 100 100.00 98

Perfect Bright Properties Inc. 31 100 100 100.00 A A 32 1 1 100.00 B B 31 100 100 100.00 A A 32 1 1 100.00 B B 31 100 100 100.00 A A 32 1 1 100.00 B B 31 100 100 100.00 A A 32 1 1 100.00 B B 99

336 Rimmer (Cayman) Limited1 2,068,405,010 68.94 Riddick (Cayman) Limited1 2,068,405,010 68.94 Hopkins (Cayman) Limited1 2,068,405,010 68.94 1 2,066,590,647 68.88 Yamina Investment Limited1 981,223,325 32.70 Believegood Limited1 495,425,632 16.51 South Base Limited1 495,425,632 16.51 Cameron Enterprise Inc.1 230,452,102 7.68 1 181,419,512 6.05 Silchester International Investors LLP33 135,227,536 5.01 1. 9,654,4992,069,542,665(i) 897,168,664 (ii) 181,419,512 (iii) 230,452,102Cameron Enterprise Inc. 495,425,632South Base LimitedBelievegood Limited 94,937,415Jayasia Investments LimitedProsglass Investment Limited87,358,640 Mei Yu Ltd. Fancy Eye Limited 73,049,536World Crest Ltd. Spreadral LimitedCameron Enterprise Inc. South Base Limited Jayasia Investments Limited Mei Yu Ltd. World Crest Ltd. Yamina Investment LimitedYamina Investment Limited(iv) 6,779,146 Superfun Enterprises Limited41.51%68.88% (v) 1,814,363 (vi) 774,618363,037 Tako Assets Limited Thommen Limited 33.55%15 Hopkins (Cayman) Limited Hopkins Rimmer (Cayman) Limited Rimmer Riddick (Cayman) Limited Riddick Hopkins Rimmer Riddick 2. 3. 4. 5. 330,13325,91050% 6. 7. 8. 100

9. (i) Kingslee S.A. Gainwise Investment Limited 843,249,284602,398,418363,328,900217,250,00084,642,341 (ii) 3,000,0001,406,000 Tako Assets Limited Thommen Limited 33.55%15 1 10. 11. 12. Timpani Investments LimitedMedley Investment Limited 2,429,459,749943,617,534Chelco Investment Limited Macrostar Investment Limited 990,939,540Timpani Investments Limited Chelco Investment Limited Faxson Investment LimitedFaxson Investment Limited 1 13. 14. 15. 799,220118,732,090(i) Pataca Enterprises LimitedWiselin Investment Limited48,532,090Graf Investment Limited Mount Sherpa Limited Paillard Investment Limited23,400,000 1 16. 17. 18. 19. Aynbury Investments LimitedHiggins Holdings Limited Multiglade Holdings Limited Threadwell Limited 100,612,75079,121,50080,505,0001 20. Hong Kong & China Gas (China) Limited Planwise Properties Limited Superfun Enterprises Limited 12 21. Hopkins 22. Hopkins 23. 35,000,000 15,000,000 101

24. (i) 10,400 (ii) 15,600Manifest Investments Limited 25. (i) 5,000Applecross Limited (ii) 5,000Andcoe Limited 26. 27. Jetwin International Limited 28. 29. 30. (i) 80(ii) 10(iii) Perfect Bright Properties Inc. Furnline Limited5Jetwin International Limited Perfect Bright Properties Inc. Furnline LimitedA A A Perfect Bright Properties Inc. Furnline Limited Triton (Cayman) LimitedJetwin International LimitedTriumph (Cayman) Limited Victory (Cayman) Limited Triton (Cayman) Limited Triumph (Cayman) Limited Victory (Cayman) Limited 31. Jetwin International Limited 32. 33. Silchester International Investors LLP 2,698,996,140 102

(i) 4,870,000,000 26,000,000 125,000,000 (ii) 47050% 80,000,000 103

Solar Classics Limited /14A (i) Shau Kee Financial Enterprises Limited SKFE 30% / (a) 3% 104

(b) SKFE Uplite Limited 0.4% 3%/ (c) (d) 140 140 152 167 48,495,000 80,650,0002,376,000 131,521,000 (ii) (a) 1,960,000,000712 (b) 3.90201,025,641 105

(a) (b) (c)/ (a)(b) (c)(d) 3000 740 14A.56 201203/ 106

8.10 / / 30% 30% 107

6677 4% 6% 2% 5% 1,500,000 1,600,0001,000 87,000,000 79,000,000 108

/ / / / 8292 109

86 Rimmer (Cayman) Limited Riddick (Cayman) Limited Hopkins (Cayman) Limited Believegood Limited Cameron Enterprise Inc. 51 63 Macquarie University Rimmer (Cayman) Limited Riddick (Cayman) Limited Hopkins (Cayman) Limited Believegood Limited 43 Believegood Limited 110

66 68 88 Yamina Investment Limited Believegood Limited Cameron Enterprise Inc. South Base Limited 76 Rimmer (Cayman) Limited Riddick (Cayman) Limited Hopkins (Cayman) Limited Yamina Investment Limited Believegood Limited Cameron Enterprise Inc. South Base Limited 68 58 Babson College Citistore 25 Glencore International plc 62 Believegood Limited 111

54 66 TOM 77 Rimmer (Cayman) Limited Riddick (Cayman) Limited Hopkins (Cayman) Limited Cameron Enterprise Inc. 65 64 (Bell Labs) 112

64 52 80 75 (JP)(OBE) (GBS) 113

63 68 54 61 114

61 57 409 (BBS) 66 49 55 51 / 115

57 54 67 53 57Monash 52 57 116

118 119 120 121 123 124 126 204 212 213 117

119 213 622 11 80 10 8 118

23,371 23,289 (14,168) (14,508) 9,203 8,781 560 522 405 8 (1,192) (1,255) (2,020) (1,931) 6,956 6,125 (a) 5,538 6,345 12,494 12,470 (a) (859) (957) 4,181 3,669 2,657 2,613 18,473 17,795 (a) (1,533) (1,739) 16,940 16,056 16,752 15,948 188 108 16,940 16,056 (a) 5.62 5.43 * (b) 3.11 3.04 * * 126 213 119

16,940 16,056 (27) 45 (248) 1,491 (342) 1,214 133 (151) (302) 335 (786) 2,934 16,154 18,990 15,969 18,863 185 127 16,154 18,990 126 213 120

119,705 108,872 361 394 148,734 141,386 50,146 48,108 93 99 32,365 31,046 123 113 318 409 7,423 5,614 (c) 556 523 210,874 194,966 148,950 141,598 5,463 5,604 80,101 80,233 8,520 7,453 67 67 1,719 1,943 10,303 13,915 1 1 106,106 109,148 68 68 17,304 15,890 25,931 22,561 13,590 5,514 1,904 409 1,261 937 850 32,240 25,419 25,931 22,561 / 73,866 83,729 (25,863) (22,493) 284,740 278,695 123,087 119,105 121

12,968 23,058 16,144 16,309 4,612 4,213 1,473 959 (c) 6,326 6,156 41,523 50,695 243,217 228,000 123,087 119,105 5,398 5,398 45,147 45,147 (b) 52,010 50,545 52,010 50,545 186,140 172,857 71,077 68,560 238,150 223,402 123,087 119,105 5,067 4,598 243,217 228,000 123,087 119,105 126 213 122

4,830 43,706 20 16 6,615 571 (1,240) 52 150,593 205,163 4,689 209,852 15,948 15,948 108 16,056 (c) 1,821 (225) 1,270 4 45 2,915 19 2,934 1,821 (225) 1,270 4 15,993 18,863 127 18,990 8 (8) (b) 86 1,903 1,989 1,989 (b) 482 (482) (b) (1,787) (1,787) (1,787) (a) (859) (859) (859) (65) 98 33 33 (40) (40) (19) (19) (159) (159) 5,398 45,127 20 16 8,436 346 30 (1) 164,030 223,402 4,598 228,000 5,398 45,127 20 16 8,436 346 30 (1) 164,030 223,402 4,598 228,000 16,752 16,752 188 16,940 (c) (552) 169 (373) (27) (783) (3) (786) (552) 169 (373) 16,725 15,969 185 16,154 4 (4) (b) 1,465 1,465 1,465 (b) (b) (1,997) (1,997) (1,997) (a) (1,020) (1,020) (1,020) (744) (744) 1 1 1,358 1,358 (a) 331 331 (331) (b) 45,147 (45,127) (20) 52,010 16 7,884 515 (343) 3 178,065 238,150 5,067 243,217 126 213 123

18,473 17,795 (534) (461) (d) (228) (94) (598) (2) 25 51 5 304 / 10 (1) / (1) 2 26 (b) (140) (667) 362 344 (2) (163) (a) (5,538) (6,345) (a) 859 957 (d) 176 197 (4,181) (3,669) (2,657) (2,613) (108) (15) 5,949 5,620 (420) (842) 14 14 126 171 // 139 (4,213) (1,844) (956) / 78 (27) / 224 (91) 460 1,714 / 27 (244) / 123 (30) (3) (1,344) / 4,873 (228) 132 96 (936) (783) (517) (435) / 3,552 (1,350) 124

(5,233) (507) 850 540 / 437 (191) 843 227 (1) (3,137) (1) (1,147) (6) (970) 7 238 (a) (77) (119) 928 (b) 265 912 (2) (34) 405 356 1,736 1,438 1,839 1,097 228 94 (69) (176) 39 731 / 1,338 (144) 16,237 14,206 (18,046) (8,971) (1,910) (423) (819) (2,107) (2,068) (1,553) (657) (744) (40) / (7,208) 1,507 / (3,617) 888 13,634 12,456 (49) 290 9,968 13,634 126 213 125

8 7276 (a) 622 1176 87 9 32 (b) 126

(b) 622 3589 9 (c) (g) (h) (j)(i) 127

(d) (g) (e) (n) (e) (n) (g) (n) 129

(f) (i)(ii) (i) (ii) (ii)(i) (n) (g) (n) (n) (x) (viii) (n) / / (h) (i) 130

(i) (j) (i) / (m)(i) / (x)(ii) / (m)(i) (m) 131

(j) (ii) (k)(n) (z) (k) (i) (ii) (iii) 5 2 10 132

(l) (n) (m) (i) (j)(i) (ii) (j)(i) (o)(ii) 133

(n) (i) (e) (n)(ii) (n)(ii) 134

(n) (i) (ii) 135

(n) (ii) (iii) (n)(i) (ii) 136

(o) (i) (ii) (iii) (iv) / / (z) 137

(p) (x)(iv) (q) (r) (s) (t) (u) (n) (w)(i) 138

(v) (j)(i) 139

(v) (w) (i) (i)(ii) (w)(ii) 140

(w) (ii) (x) (i) (ii) (iii) (iv) / 141

(x) (iv) (v) (vi) (vii) (viii) (y) 142

143 (z) (aa) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (ab)

(ab) (a) (b) (c) / 144

(d) (c) (a) 145

(b) 13,889 4,810 8,788 27,487 26,558 5,891 12,878 9,883 943 29,595 28,572 783 3,088 13,330 1,977 19,178 16,144 2,741 792 11,061 7,536 22,130 18,213 8,480 1 26 8,507 8,505 7,846 1 26 7,873 7,870 527 545 207 41 1,320 1,320 508 494 174 22 1,198 1,198 423 423 409 1,290 1,290 1,261 24,102 8,444 22,351 2,018 56,915 52,936 18,276 14,165 21,144 8,501 62,086 57,114 / / (295) (293) (841) (773) (2,202) (295) (295) (872) (1,034) (2,496) (419) (420) (9,682) (283) (10,804) (1,731) (419) (3,698) (6,687) (12,535) 403 403 9,149 289 10,244 1,721 409 3,462 6,571 12,163 146

(b) 21 21 19 19 43,623 47,657 (c) (ii) (i) (i) 162,000,000 325,000,000 50,000,000 50,000,000 (ii) 500,000,000 500,000,000 (iii) 10,000,000 200,000,00010,000,000200,000,000 (iv) 10,000,000,00010,000,000,000 147

(c) (i) 12,000,000,000 12,000,000,000 1.23% 5.735% 1.23% 5.735% 318,000,000 447,000,000 1,473,000,000 998,000,000 (ii) (i) / 0.65%-6.35% 13,990 2.23%-4.70% 12,568 3.65%-5.74% 16,144 1.05%-6.65% 5,021 / 0.80%-6.98% 15,895 2.23%-4.70% 12,677 2.16%-5.74% 18,213 0.92%-6.65% 5,474 148

(c) (iii) / 100 100 / 59,000,000 65,000,000 (d) 219,000,000 375,000,000 124,000,000 (i) (ii) (c) (i) / 5% 5% / 28,000,000 / 32,000,000 149

(d) (ii) (e) / 10% 10% / 278,000,000 190,000,000 (f) (i) 150

(f) (i) 2,783 2,783 318 318 812 812 661 661 1,899 1,899 383 383 64 64 704 704 294 294 151

(f) (i) (ii) / / 1,083,000,000 1,057,000,000 958,000,000 912,000,000 15,466 15,743 5,445 4,994 888 1,290 188 194 431 399 953 669 (b) 23,371 23,289 152

364 308 30 57 166 157 560 522 13,000,000 47,000,000 (b) 140 667 / 602 7 (4) (5) (25) (51) 2 163 (362) (344) / (c) (b) 1 (2) / (10) 1 (5) (304) (26) (9) (83) 101 (41) 405 8 / (a) 748 763 1,019 870 73 353 181 193 2,021 2,179 (1,162) (1,222) 859 957 3.66% 6.29% 4.12% 6.47% 153

/ (b) 164 165 (c) 1,866 1,692 84 76 1,950 1,768 (d) (a) 151 171 (6) (5) 145 166 (160) (95) 169 181 9 86 31 31 11,217 11,286 339 328 24 21 204 214 1,374,000,000 1,170,000,000 (3,496) (3,338) (398) (332) (88) (84) (140) (10) 233,000,000 214,000,000 154

622 11 78 32 161 120 18,763 18,883 120 16,984 540 17 17,661 120 8,892 21,110 534 30,656 120 12,375 1,760 644 14,899 100 8,124 14,880 487 23,591 100 6,240 6,060 374 12,774 100 3,372 281 202 3,955 100 4,464 4,136 268 8,968 100 100 102 3,444 550 207 4,303 200 4,332 1,230 260 6,022 100 8,316 7,680 499 16,595 150 150 300 120 120 220 530 750 220 530 750 220 530 750 270 680 950 200 200 200 100 300 200 100 300 600 100 700 3,782 98,026 58,227 3,492 163,527 155

622 11 78 32 161 120 18,763 18,883 120 16,378 1,168 15 17,681 120 8,508 21,492 510 30,630 120 14,198 856 616 15,790 100 7,776 15,224 467 23,567 100 5,976 6,328 359 12,763 100 3,228 269 194 3,791 100 4,272 6,328 256 10,956 100 100 100 3,240 550 194 4,084 193 4,140 1,210 248 5,791 100 7,560 7,440 454 15,554 150 150 300 120 120 220 530 750 220 530 750 220 530 750 270 680 950 200 200 200 100 300 200 100 300 591 591 3,764 96,659 60,865 3,313 164,601 156

(a) (b) (a) 3,000,000 2 3,000,001 4,000,000 3 1 4,000,001 5,000,000 3 4 5,000,001 6,000,000 1 6,000,001 7,000,000 1 2 7,000,001 8,000,000 1 8,000,001 9,000,000 2 2 9,000,001 10,000,000 2 1 10,000,001 3 3 15 16 157

(a) 683 657 / (8) 19 675 676 484 354 / 3 (4) 487 350 156 39 (2) 154 39 217 674 217 674 1,533 1,739 16.5% 16.5% / 75% 10,000 / 30% 60% 158

(b) 18,473 17,795 3,240 3,234 (1,142) (1,055) 240 266 (1,214) (937) 9 370 282 (41) (13) (37) (55) (2) (44) (1) (1) 116 29 9 9 / (5) 15 1,533 1,739 159

(c) / 1,083 2,745 493 1,124 12 (589) (260) 4,608 11 93 5 109 / 130 495 31 (1) 20 (1) 674 (a) 239 239 (a) 3 3 1,224 3,333 529 1,127 11 (569) (22) 5,633 1,224 3,333 529 1,127 11 (569) (22) 5,633 (1) (9) (10) / 131 42 43 (66) (5) 72 217 (a) (68) (68) (b) (2) (2) 1,352 3,366 572 1,061 6 (497) (90) 5,770 (556) (523) 6,326 6,156 5,770 5,633 160

(d) / / 30 5 8 1 (i) 2,041 337 2,286 377 5,529 912 4,679 772 (ii) 1,050 263 1,130 282 8,620 1,512 8,095 1,431 8,650 1,517 8,103 1,432 (i) (ii) 5,534,000,000 2,340,000,000 161

(a) 3 4 3 2 1,020 859 7 6 7 4 2,280 1,997 3,300 2,856 (b) 7 4 7 4 1,997 1,787 (a) (248) (248) 1,491 1,491 (410) 68 (342) 1,453 (239) 1,214 133 133 (151) (151) (329) (329) 380 380 (854) 68 (786) 3,173 (239) 2,934 (c) (c) 162

(b) (198) 1,491 (50) (248) 1,491 (579) 1,272 169 181 / 68 (239) (342) 1,214 (227) (332) (2) (163) 362 344 133 (151) 163

(c) 1,472 1,472 19 1,491 1,063 1,063 1,063 151 151 151 (332) (332) (332) (163) (163) (163) 344 344 344 349 (74) 56 4 45 380 380 1,821 (225) 1,270 4 45 2,915 19 2,934 (195) (195) (3) (198) (50) (50) (50) (483) (483) (483) 141 141 141 (227) (227) (227) (2) (2) (2) 362 362 362 (307) 36 (31) (27) (329) (329) (552) 169 (373) (27) (783) (3) (786) 164

(a) 16,752,000,000 15,948,000,000 2,983,000,000 2,939,000,000 * 2,699 2,415 14 16 241 270 267 2,983 2,939 * (b) 9,292,000,000 8,938,000,000 16,752 15,948 (a) (5,538) (6,345) (c) 42 495 (796) (552) (1,188) (628) 20 20 9,292 8,938 3.11 3.04 * * 165

/ 166

(a) (i) 10,122 2,443 1,355 451 11,477 2,894 (1,211) (178) 10,266 2,716 5,344 418 1,221 245 6,565 663 (29) (3) 6,536 660 15,466 2,861 2,576 696 18,042 3,557 (1,240) (181) 16,802 3,376 3,976 2,808 2,482 2,100 6,458 4,908 (34) (16) 6,424 4,892 1,469 1,086 11 10 1,480 1,096 1,480 1,096 (ii) 5,445 3,894 2,493 2,110 7,938 6,004 (34) (16) 7,904 5,988 888 (22) (22) (22) (55) (55) 31 (24) 188 47 279 326 326 431 85 85 (3) 82 953 315 (31) 284 (26) 258 23,371 7,125 3,054 10,179 (195) 9,984 3,669 3,669 3,669 23,371 7,125 6,723 13,848 (195) 13,653 364 158 522 (20) 502 (5) (15) (20) (20) (iii) (528) (272) (800) 2 (798) 6,956 6,594 13,550 (213) 13,337 5,538 1,988 7,526 (20) 7,506 (859) (570) (1,429) 7 (1,422) 11,635 8,012 19,647 (226) 19,421 (1,533) (1,174) (2,707) 38 (2,669) 10,102 6,838 16,940 (188) 16,752 167

(a) (iv) 370 22 (194) 198 2,752 2,950 583 60 (58) 585 585 271 57 4 332 332 309 5 314 314 271 1,319 82 (243) 1,429 2,752 4,181 (v) 257 2,268 128 4 2,657 2,657 528 3,587 210 (239) 4,086 2,752 6,838 168

(a) (i) 10,570 2,883 1,201 759 11,771 3,642 (740) (139) 11,031 3,503 5,173 69 1,022 342 6,195 411 (131) (3) 6,064 408 15,743 2,952 2,223 1,101 17,966 4,053 (871) (142) 17,095 3,911 3,691 2,599 2,326 1,940 6,017 4,539 (13) (5) 6,004 4,534 1,303 1,071 1,303 1,071 1,303 1,071 (ii) 4,994 3,670 2,326 1,940 7,320 5,610 (13) (5) 7,307 5,605 1,290 (26) (26) (26) (41) (41) 23 (18) 194 57 243 300 300 399 79 79 79 669 134 309 443 (16) 427 23,289 6,825 3,593 10,418 (140) 10,278 3,303 3,303 3,303 23,289 6,825 6,896 13,721 (140) 13,581 308 78 386 (19) 367 (304) (6) (310) 20 (290) (iii) (704) (240) (944) 7 (937) 6,125 6,728 12,853 (132) 12,721 6,345 1,184 7,529 (20) 7,509 (957) (506) (1,463) 11 (1,452) 11,513 7,406 18,919 (141) 18,778 (1,739) (1,124) (2,863) 33 (2,830) 9,774 6,282 16,056 (108) 15,948 169

(a) (iv) 268 18 (3) 283 2,480 2,763 (1) 583 58 (24) 616 616 7 39 109 155 155 121 14 135 135 6 1,011 76 96 1,189 2,480 3,669 (v) 819 1,638 115 41 2,613 2,613 825 2,649 191 137 3,802 2,480 6,282 (i) 273,000,000 258,000,000 2,061,000,000 2,785,000,000 119,000,000 66,000,000 (ii) 4,854,000,000 4,442,000,000 591,000,000 552,000,000 5,445,000,000 4,994,000,000 (iii) 140,000,000 667,000,000 602,000,000 7,000,000 1,270,000,000 1,378,000,000 (iv) 1,319,000,000 1,011,000,000 796,000,000 552,000,000 (v) 2,268,000,000 1,638,000,000 1,188,000,000 628,000,000 170

(b) (i)(ii) 16,531 16,779 164,148 151,510 6,840 6,510 38,429 36,910 23,371 23,289 202,577 188,420 (c) / 15 18 26 23 (1) 1 26 41 32 32 41 41 6 4 30 38 1 176 197 (1) 2 171

(a) 98,288 221 836 716 984 1,420 102,465 859 46 1 10 916 134 439 15 76 664 (b) (1,084) (1,084) (115) (54) (169) (73) (73) 5,033 1,312 6,345 582 (582) / (662) 1,878 89 1,305 103,035 3,896 836 239 984 1,379 110,369 836 239 984 1,379 3,438 103,035 3,896 106,931 103,035 3,896 836 239 984 1,379 110,369 243 32 142 976 1,393 7 7 (d) 21 2 19 129 171 (52) (52) (22) (22) 264 34 161 1,038 1,497 103,035 3,896 572 205 823 341 108,872 172

(a) 103,035 3,896 836 239 984 1,379 110,369 (68) (36) (1) (105) 416 5,149 54 5,619 (b) (52) (1) (53) (235) (66) (301) (43) (43) 5,510 28 5,538 4,051 (4,057) 6 199 53 252 112,856 4,980 836 298 984 1,322 121,276 836 298 984 1,322 3,440 112,856 4,980 117,836 112,856 4,980 836 298 984 1,322 121,276 264 34 161 1,038 1,497 (1) (1) (d) 21 7 20 103 151 (58) (58) (18) (18) 285 41 181 1,064 1,571 112,856 4,980 551 257 803 258 119,705 173

(b) 8,526 8,312 77,872 67,654 86,398 75,966 77 152 32,972 32,412 1 33,049 32,565 119,447 108,531 (c) 174

(c) % % % % 2.75%-5.5% 2.75%-6.0% 61%-100% 91%-100% / 3.5%-4.5% 3.5%-4.5% 91%-100% 87%-100% 2.25%-2.75% 2.5%-2.75% 70%-96% 96% 5.5%-8.0% 5.5%-8.0% 46%-100% 82%-100% 6.5%-7.5% 6.5%-7.5% 38%-100% 77%-100% 175

(a) (a) 177

648,000,000 808,000,000 2,852 2,851 (93) (93) 2,759 2,758 145,975 138,628 148,734 141,386 (25,655) (22,405) / / 204211 (a) 935,000,000 Camay Investment Limited Citistore (Hong Kong) Limited Puretech Investment Limited 262,000,000 331,000,000 178

129 129 1,799 1,652 402 343 2 8 2,201 1,995 131 137 (38) (38) 2,201 1,995 93 99 47,945 46,113 50,146 48,108 93 99 81,005 74,076 3,000,000 3% 6,000,000 80,000,000 3% 2% 212 179

24,641 21,689 89,877 84,807 (20,690) (19,262) (31,515) (30,781) 62,313 56,453 31,615 28,246 8,103 7,756 (973) 1,041 7,130 8,797 1,436 1,254 62,313 56,453 (2,354) (7,242) (6,503) 52,717 49,950 41.51% 41.50% 21,883 20,729 17,508 17,488 39,391 38,217 77,505 70,538 180

10,755 9,891 1,231 906 3 (27) 1,234 879 25,051 23,717 7,314 7,329 123 113 32,365 31,046 123 113 3,000,000 195,000,000 0.5%5,000,000 205,000,000 1,199,000,000 0.5%1.77% 213 181

Central Waterfront Property Investment Holdings Limited 866 1,019 80,832 78,401 (1,960) (1,745) (18,199) (18,236) 61,539 59,439 306 622 (17,375) (17,398) 5,732 5,435 5,583 3,713 17 (11) 5,600 3,702 1,197 1,050 (109) (109) 1 1 (413) (360) (621) (592) 61,539 59,439 34.21% 34.21% 21,052 20,334 1,211 21,052 21,545 Central Waterfront Property Investment Holdings Limited 182

11,313 9,501 747 1,343 7 57 754 1,400 (f) 318 812 383 704 (f) 661 64 294 (c)(i) 318 1,473 447 998 318 1,473 409 959 38 39 318 1,473 447 998 672,000,000 50,000,000200,000,000835,000,000 50,000,000 200,000,000 10,000,000,000 10,000,000,000 12,000,000,000 12,000,000,000 183

(f)(ii) 1,083 1,057 (f)(i) 2,783 1,899 3,866 2,956 367 591 958 1,679 2,394 920 250 14 7,423 5,614 (f)(i) 2,783 1,899 (f)(ii) 912 885 1,255 (a) (n)(i) 83,000,000 (b) 563,000,000 (c) 184

(d) 200,000,000 250,000,000720,000,000 5.65% 5.65% 4.00% 50,000,000 (e) 53,000,000 68,000,000 / 4,250,000,000 4,264,000,000 561,000,000 561,000,000 9,888 10,027 / 60,615 61,408 9,518 8,703 80,021 80,138 80 95 80,101 80,233 185

21,888 18,281 37,545 40,529 59,433 58,810 11,934 12,734 8,654 8,594 20,588 21,328 80,021 80,138 54,364 51,716 1,281 1,809 50 6,968 5,042 67 67 31 109 38 138 415 52 40 8,520 7,453 67 67 892,000,000 322,000,000 5.65% 186

(a) 1,885 2,419 31 108 78 23 66 78 2,060 2,628 (a) (b) (n) (i) 61 57 2 / (c) (1) 2 60 61 60,000,000 61,000,000 187

6,930 8,848 3,373 5,067 1 1 10,303 13,915 1 1 (247) (178) 10,056 13,737 (88) (103) 9,968 13,634 1,408,000,000 2,279,000,000 8,505 7,870 21 19 54 27 1,320 1,198 6,404 6,429 25,655 22,405 39 140 53 7 881 274 248 137 17,304 15,890 25,931 22,561 (a) (b) 818,000,000 715,000,000 25,000,000 25,000,000 3.50% 2.92% 25,655,000,000 22,405,000,000 189

(c) 1,298 1,965 1,635 1,475 1,273 284 2,486 2,250 6,692 5,974 (d) 13,590 5,514 4,595 12,588 8,373 9,554 916 12,968 23,058 26,558 28,572 26,470 28,469 88 103 26,558 28,572 (b) 190

1,860 3,159 3,864 3,860 10,420 11,194 16,144 18,213 1,904 2,345 12,139 9,384 1,660 6,925 16,144 16,309 16,144 18,213 (a) (b) 325,000,000 50,000,000 163,000,000 152,000,000 50,000,000 6.18% 6.38%10,000,000 500,000,000 99.795% 5.50% 191

192 (c) 640,000,000 (i) 200,000,000 4.00% (ii) 220,000,000 4.03% (iii) 656,000,000 4.03% (iv) 10,000,000 5.20% (v) 250,000,000 4.03% (vi) 309,000,000 4.80% (vii) 200,000,000 3.865% (viii) 400,000,000 4.75% (ix) 200,000,000 3.65% (x) 300,000,000 4.75%

409,000,000 1,261,000,000 (a) 4,830 43,706 20 68,866 117,422 2,340 2,340 (b) (1,787) (1,787) (a) (859) (859) (b) 86 1,903 1,989 (b) 482 (482) 5,398 45,127 20 68,560 119,105 5,534 5,534 (b) (1,997) (1,997) (a) (1,020) (1,020) (b) 45,147 (45,127) (20) (b) 1,465 1,465 (b) 52,010 71,077 123,087 193

(b) (i) 2 (ii) 5,000 10,000 2,699 2,415 5,398 4,830 (iii) 45,147 (iv) 31 43 1,465 86 (v) 270 241 482 3,000 2,699 52,010 5,398 (i) (ii) (iii) (iv) 622 622 135 622 11 37 46.4631,037,724 31,037,724 55.79405,722 405,722 622 11 37 1,465,000,000 86,000,000 1,903,000,000 194

(b) (v) 269,899,614 622 135 241,484,258 482,000,000 (c) (i) 32 48B 49H 622 11 37 (b) 622 (ii) (iii) (iv) (v) (vi) (y) (g)(n)(i) (i) 10%50% 195

(d) 622 6 71,077,000,000 68,560,000,000 7 6 7 4 2,280,000,000 1,997,000,000 (e) / 13,590 7,418 6,940 12,588 20,512 18,938 1,660 7,841 5,021 5,474 47,723 52,259 10,303 13,915 37,420 38,344 238,150 223,402 (%) 15.7% 17.2% 196

(a) 62,000,000 15,000,000 77 117 5 (c) (3) 77 119 77 119 (77) (119) 197

(b) (a) 53 1,084 940 114 4 2 17 (15) (3) (2) (79) (12) (c) (2) (2) 926 1,173 (737) (50) 3 17 140 667 282 1,857 282 929 928 282 1,857 282 929 (17) (17) 265 912 198

(a) 9,458 9,223 16,845 18,119 26,303 27,342 (b) 1,879 2,305 1,225 146 3,104 2,451 (a) / 4,454 4,138 4,777 4,340 493 612 9,724 9,090 199

(b) 217 140 274 33 491 173 (a) (b) 26,711 28,524 16,144 18,213 42,855 46,737 (c) (d) (e) 17,000,000 17,000,000 536,000,000 453,000,000 232,000,000 467,000,000 200

(f) 1,234,000,000 1,303,000,000 (a) (i) 218 # 318 # (iii) 23 (iii) 19 (ii) 8 7 (b) / (ii) 580 406 (iii) 134 136 (iii) 60 44 (iii) 31 3 (iii) 26 (iii) 23 22 (i) 19 44 (iii) 13 (iii) 1 201

(e) 80,000,000 # 80,000,000 # (f) # / 203

(ii) (a) (i) 1 100 (i) 1 100 Capital Matrix Limited 1 100 2 100 1 100 (i) 1 100 1 100 1 100 (i) 2 100 (i) 1 100 (i) 1 100 1 100 10,000 100 840 82.86 (i) 2 100 20,000 100 (i) 1 100 (i) 1,000 100 (i) 2 100 (i) 1,000 100 (i) 2 100 2 100 2 100 (i) 1 100 10,000 100 1,000 100 (i) 1 100 (i) 1 100 Sure Partner Limited 1 100 1 100 (i) 1 100 (i) 1 100 2 100 (i) 2 100 204

/ (a) (ii) 81,000,000 100 100 655,000,000 100 100 (ii) (b) (i) 2 100 Carry Express Investment Limited (i) 10,000 100 (i) 2 100 (i) 2 100 (i) A 500 100 B 2 (i) 2 100 (i) A 100 100 B 2 (i) 2 100 (i) A 2 100 A 20,000 100 B 2 (i) 10,000 100 205

(ii) (c) (i) 1 100 (i) 10,000 100 250,000 100 Henderson Land Credit (2010) Limited (i) 1 100 Henderson Land Credit (2014) Limited (i) 1 100 Henderson Land Credit (2015) Limited 1 100 Henderson Land Finance (2011) Limited (i) 1 100 (i) 1,000,000 100 2 100 (i) 2 100 2 100 (ii) Hansom Technology Limited (i) 1 1 100 Henderson Land Finance Limited 1 100 Henderson Land MTN Limited (i) 1 100 Henland Finance (2012) Limited 1 100 Henson Finance Limited (i) 1 1 100 Midlink Limited (i) 1 1 100 St. Helena Holdings Co. Limited 3 1 100 (iii) Henderson Land MTN (S) Pte. Limited (i) 1 1 100 206

(ii) (d) 350,000 100 1 100 1 100 2 100 2 100 2 100 2 100 (ii) (e) 2 100 10 60 2 100 2 100 100,000 100 (i) 38,800,000 100 (i) 1 100 2 100 2 100 2 100 2 100 2 100 207

(ii) (f) (i) 2 100 (i) 1 100 300,000 100 2 100 2 100 2 100 2 100 1,000 100 2 100 Gainwise Investment Limited 2 100 Graf Investment Limited (i) 2 100 (i) 3,000,000,000 100 3,047,327,395 69.27 Macrostar Investment Limited 2 100 2 100 (i) 2 100 2 100 Medley Investment Limited 2 100 2 100 2 100 Mount Sherpa Limited (i) 2 100 2 100 Paillard Investment Limited (i) 2 100 2 100 (i) 1,000 100 55 100 Wiselin Investment Limited (i) 2 100 208

(ii) (f) (ii) (i) 10,000 64 (iii) Cobase Limited (i) 1 100 Comax Investment Limited 1 100 Higgins Holdings Limited (i) 1 1 100 Multiglade Holdings Limited (i) 1 1 100 Richful Resources Limited (i) 1 100 Starland International Limited (i) 1 1 100 1 100 Threadwell Limited (i) 1 1 100 (ii) (g) Citistore (Hong Kong) Limited (i) 1 69.27 209

(h) (ii) (i) 2 100 2 100 (i) 2 100 2 100 (i) 2 100 (i) 1 100 (ii) (i) (i) 1 100 200,000 100 (i) 2 100 210

(ii) (j) 100 100 (i) 10,000 100 400 100 (i) 1 100 / (k) 200,000,000 60 60 23,680,000 70 70 (i) (ii) 622 135 211

33.33 45.08 41.51 33.33 212

50 Billion Ventures Limited 50 Central Waterfront Property Investment Holdings 34.21 Limited 50 30 Newfoundworld Holdings Limited 20 25 50 50 49.18 50 213

* * * * 8 72-76 (852) 2908 8888 (852) 2908 8838 http://www.hld.com henderson@hld.com 183 46 12 HLDCY 425166303) * 214

GBM, DBA (Hon), DSSc (Hon), LLD (Hon) JP, DBA (Hon) FCILT, FHKIoD, DB (Hon) LLB, FCIS LLB, FCIS JP, BA (AS), B Arch, HKIA, HonFHKIPM, Authorized Person (Architect), Registered Architect (HK) BA (AS), B Arch (Dist), MSc (Con P Mgt), EMBA, FHKIA, MAPM, RIBA, Authorized Person (Architect), Registered Architect (HK), PRC Class 1 Registered Architect Qualification B. Arch (Hons), HKIA, Authorized Person (Architect), Registered Architect (HK), PRC Class 1 Registered Architect Qualification JP, MSc, MEcon, FHKIS, MRICS, MCIArb, RPS (GP) BA (Hons), MHKIP, MRTPI, MCIP, RPP (HK), MCILT, MCIArb, AHKIArb MSc, PGDMS, FHKIS, FRICS, RPS (GP) BBS, JP, BSc, FICE, FHKIE, FIHT, FHKIHT, RPE APHK BSc(Eng), C Eng, MICE, MIStructE, MHKIE, RPE, Registered Structural Engineer, Registered Geotechnical Engineer, Authorized Person (List II), PRC Class 1 Registered Structural Engineer Qualification BEng, MSc(Env.Man.), MSc(Eng), MSc(Geosciences), MSc(Construction Law), CEng, MIStructE, MHKIE, RPE, RSE, 1RSE-PRC 215

LLB, PCLL, Solicitor MEM(UTS), DMS, EHKIM, MHIREA, CHINA GBL MANAGER BSc, MRICS, MHKIS, RPS (GP) JP BHum (Hons) ACIS, FHIREA JP, MH, FHIREA BSc, MBA FRICS, MHKIS, AACI BA(AS), B. Arch, PhD (Finance), FHKIA, Registered Architect (HK), Authorized Person (List 1, HK) BSc, MSc, Post-Graduate Diploma in Surveying, ACIB FCILT, FHKIoD, DB (Hon) MSc, MBA, BBA, DMS, MIHRM BEc, FCPA, CA (Aust), FCS, FCIS BSc (Econ), FCA B Comm, CMA BSc, Grad Dip Com (IS) BBA 216

8 (A) (B) (a) (b) (b) (c) (a) 217

(D) (B) (C) 8 72-76 80 8 72-76 183 17 1712-1716 183 17 1712-1716 (A) (B) (C) (D) (B) (A) 219

(1) (2) 220

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