I II-1 III-1 IV-1 SGM-1 i - PDF 免费下载

此乃要件閣下如對本通函任何方面或應採取之行動有任何疑問應諮詢業顧問請即處理閣下之持牌證券交易商註冊證券機構銀行經理律師專業會計師或其他專閣下如已售出或轉讓所有名下之 China Agri-Products Exchange Limited 中國農產品交易有限公司證券應立即將本通函及隨附之代表委任表格交予買主或承讓人或經手買賣或轉讓之銀行經理持牌證券交易商或註冊證券機構或其他代理商以便轉交買主或承讓人香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責對其準確性或完整性亦不發表任何聲明並明確表示概不就因本通函全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任 CHINA AGRI-PRODUCTS EXCHANGE LIMITED 中國農產品交易有限公司於百慕達註冊成立之有限公司股份代號 0149 (A) 建議股本重組涉及股份合併及股本削減 (B) 更改每手買賣單位 (C) 建議按於記錄日期每持一 (1) 股經調整股份獲發八 (8) 股經調整股份之比例以每股供股股份 0.30 港元進行供股 (D) 特別交易償還股東債務 (E) 申請清洗豁免及 (F) 股東特別大會通告供股包銷商財務顧問獨立董事委員會及獨立股東之獨立財務顧問董事會函件載於本通函第 16 至 66 頁載有向獨立股東提供推薦意見之獨立董事委員會函件載於本通函第 67 至 68 頁載有獨立財務顧問北京證券有限公司就供股向獨立董事委員會及獨立股東提供意見之函件載於本通函第 69 至 107 頁本公司謹訂於二零一五年四月八日星期三上午十時正假座香港中環遮打道 18 號歷山大廈 20 樓舉行股東特別大會召開大會之通告載於本通函第 SGM-1 至 SGM-5 頁隨函附奉股東特別大會適用之代表委任表格無論閣下能否親身出席股東特別大會務請依照隨附之代表委任表格上印備之指示填妥表格並盡快交回本公司之香港股份過戶及轉讓登記分處卓佳證券登記有限公司地址為香港皇后大道東 183 號合和中心 22 樓惟無論如何不得遲於股東特別大會或其任何續會視情況而定指定舉行時間 48 小時前交回閣下填妥及交回代表委任表格後仍可依願親身出席股東特別大會或其任何續會視情況而定及於會上投票在此情況下該代表委任表格將被視作撤回論股份將自二零一五年四月十三日星期一上午九時正起以除權基準買賣未繳股款供股股份將自二零一五年四月二十三日星期四上午九時正起至二零一五年四月三十日星期四下午四時正止包括首尾兩日期間內買賣預期本通函終止包銷協議一節所述條件將於二零一五年五月十二日星期二下午四時正或之前達成倘該節所述條件未能達成則包銷協議將終止供股將不會進行任何擬自本通函日期起至供股所有條件達成當日止期間內購買或出售股份之人士以及任何自二零一五年四月二十三日星期四上午九時正起至二零一五年四月三十日星期四下午四時正止包括首尾兩日期間內買賣未繳股款供股股份之人士均須承擔供股未必成為無條件及或未必進行之風險任何擬買賣股份及或未繳股款供股股份之人士應諮詢彼等本身之專業顧問務請注意包銷協議載有條文授權包銷商在發生若干事件包括不可抗力事件時在最後終止時限當日下午四時前任何時間以書面通知本公司終止其於包銷協議項下之責任該等事件載於本通函第 14 至 15 頁終止包銷協議一節發出終止通知後包銷商於包銷協議項下之所有責任將終止及終結任何各方均不得就包銷協議所產生或相關之任何事項或事宜向另一方提出任何申索惟本公司仍須向包銷商支付供股開支倘包銷商行使有關權利供股將不會進行二零一五年三月十三日

... 1... 4... 14... 16... 67... 69... I-1............ II-1 III-1 IV-1 SGM-1 i

............... 4,000... 500..................... 1

......... 5,000... 500 5,000..................... 500... 500 5,000...... 2

............ 1. 2. (i) (ii) 3

PNG PNG PNG 10.0% 0.01 8 (i) 0.08 0.01 0.07 (ii) 4

(i) (ii) (iii) 32 China Agri-Products Exchange Limited 0149 PNG Onger Investments PNG 0.08 5

(viii) A. (viii) (viii) 1 4 6 6

(i) (ii) PNG (i) 14A.19 14A.21 (ii) (iii) (iv) 10% 1 7

Mailful Investments Mailful Investments Limited (i) (ii) (iii) (iv) Caister Limited Onger Investments PNG Onger Investments Limited PNG PNG Resources Holdings Limited PNG 221 PNG PNG PNG PNG 8

PNG PNG PNG Onger Investments PNG PNG PNG PNG 516,192,728 PNG PNG PNG PNG 0.01 (vii) (vii) 9

183 22 1,724,168,248 (1) (8) 571 0.01 (8) 0.01 (1) 0.08 10

PNG 25 5 0.30 622 (i) PNG Onger Investments 346,192,728 (ii) Onger Investments PNG 170,000,000 11

26 1 PNG Wang On Group Limited * 1222 0.01 Wai Yuen Tong Medicine Holdings Limited * 897 * 12

0.01 % 13

(i) (a) (b) (ii) (iii) (iv) (v) 14

(vi) (vii) 10 (viii) (i) (ii) 15

CHINA AGRI-PRODUCTS EXCHANGE LIMITED 0149 Clarendon House 2 Church Street Hamilton HM 11 Bermuda 9 5 (A) (B) (C) (1) (8) 0.30 (D) (E) (A) (i) (8) 0.01 (1) 0.08 16

(ii) (a) 0.08 0.010.07 (b) (iii) (B) 4,000 500 500 5,000 (C) 517,300,000 0.30 1,724,168,248(1)(8) (i) (ii) (i) (ii) B 10. 17

(i) (ii) (iii) (iv) (A) (i) (8) 0.01 (1) 0.08 (ii) (a) 0.08 0.010.07(b) (iii) (i) 18

(ii) 46(2) (iii) 300,000,000.00 30,000,000,000 1,724,168,251 215,521,031 0.08 0.08 0.01 0.07 2,155,210.31 215,521,031 0.01 0.01 15,086,472 19

215,521,031 1,724,168,251 20

2.50 500 4,000 5,000 0.214 4,000 856 0.214 0.457 5,000 2,285 5,000 4,000 5,000 21

(B) 517,300,000 0.30 1,724,168,248 15,600,000 0.29 PNG (1) (8) 0.30 0.29 1,724,168,251 215,521,031 1,724,168,248 22

1,939,689,279 1,724,168,248 (i) 800% (ii) 88.89% 0.30 (i) 0.214 1.712 82.48% (ii) 0.212 1.696 82.31% (iii) 0.214 0.457 34.35% (iv) 6.60 95.45% (v) 0.136 1.088 72.43% 23

(i) (ii) (iii) (iv) (v) (i) 501,700,000 (ii) (iii) 1,423,300,000 35.25% 24

(ii) 501,700,000 8.6% 43,100,000 43,100,000 (iii) (iv) 88.9% (1) (15) 107.42% 25

(v) - 82.48% 10 (a) 10 6.02% 83.33% (b) (c) (i) (ii) 35. 27 (iii) 38 (iv) (v) 26

(i) (ii) (i) 369,000,000 (ii) (iii) 27

(i) 342C 622 (ii) (iii) (iv) (v) (a) (b) (c) (d) (vi) PNG PNG PNG 28

(vii) (viii) (ix) PNG Onger Investments (x) (xi) (xii) 29

PNG PNG 3 1 2 3 PNG 346,192,728 20.08 43,274,091 20.08 389,466,819 20.08 559,466,819 28.84 467,500 0.03 58,437 0.03 58,437 0.003 58,437 0.003 660,000,000 34.03 346,660,228 20.11 43,332,528 20.11 389,525,256 20.08 1,219,525,256 62.87 4 547,975,520 28.25 1,377,508,023 79.89 172,188,503 79.89 1,550,164,023 79.92 172,188,503 8.88 1,724,168,251 100.00 215,521,031 100.00 1,939,689,279 100.00 1,939,689,279 100.00 1. Onger Investments PNG 170,000,000 2. (i) (ii) Onger Investments 30

3. 4. (i) (ii) 10.0% 315,000,000 10.0% 32 Mailful Investments Onger Investments 31

(i) (ii) 8.08 (i) 10.0% (ii) 315,000,000 10.0% (a) 90,000,000 (b) 90,000,000 45,000,000 (i) (ii) 32

(i) (ii) (iii) (iv) 1,207,975,520 Onger Investments PNG 660,000,000 500,000 547,975,520 33

2.5% (i) (a) 34

(b) (ii) (iii) 35

(iv) (v) (vi) (vii) 10 (viii) (i) 36

(ii) (i) (ii) (iii) PNG PNG Onger Investments 346,192,728 20.08% Onger Investments PNG (i) 346,192,728 (ii) (iii) 346,192,728 (iv) 170,000,000 (v) 170,000,000 37

6,270,000,000 2,100,000 (i) (ii) (iii) (i) (ii) (iii) (i) 38

(ii) 1,111.2 2.7%-7.8% 1,354.4 10.3%-10.9% 579.7 5%-12% 3,045.3 146.7% 3,045,300,000 293,300,000 1,876,300,000 (iii) 12 (A) (B) PNG(C) (D) 7.3% (E) 10.3% 11.6% 2.7% 8.4% 39

PNG PNG 200 8.5% 330 10.0% 530 Peony Finance Limited PNG 150 10.0% 720 10.0% 1,400 (i) Onger Investments (ii) 40

A. 294,800,000 3,045,300,000 261,900,000 8.6% 146.7% (i) (ii) 58,300,000 (iii) (ii) (iii) B9. D. 12.0% 41

110,000,000 1 (a) 31,250,000 6,250,000 (i) (ii) (b) 58,300,000 (c) 14,200,000 501,700,000 (ii) (iii) (i) (a) 193,000,000 (b) 32,500,000 D. (c) 229,900,000 (d) 46,300,000 42

(ii) 1,394,168,248 330,000,00050% (a) 94,000,000 (b) 32,500,000 D. (c) 99,000,000 (d) 229,900,000 (e) 46,300,000 (iii) 660,000,000 (a) 193,000,000 (b) 32,500,000 D. 43

(ii) (iii) B. 229,900,000 (i) 17,200,000 19,000,000 15,200,000 PNG (ii) 25,000,000 36,000,000 7,500,000 PNG (iii) 110,000,000 611,500,000 (i) 50,000,000 (ii) 17,200,000 (iii) 530,000,000 (iv) 14,300,000 PNG 169,400,000 (i) PNG 15,200,000 (ii) PNG 150,000,000 (iii) 4,200,000 45

C. PNG B. 25 25 5 (i) (ii) 25 5 (D) D. (i) (ii) 31,250,000 6,250,000 18,750,000 13,750,000 422,800,000 76,400,000 362,400,000 198,000,000 113,100,000 (i) (ii) 141,700,000 98,600,000 (i) (ii) (iii) 70,000,000 46

(i) (ii) (iii) 457,400,000 (i) 270,000 160,000 162,000 74,100,000 (ii) 415,000 226,000 47

73,000 (iii) 200,000 (iv) 255,000 160,000 (v) 408,000 116,300,000 100,000 48

(vi) 150,000 117,000 189,000 (vii) 2,800,000 140,000,000 105,000,000 35,000,000 (viii) 80% 20% 49

(i) 53,000 42,000,000 48,000 44,000,000 (ii) 159,800 29,100,000 50

(i) 28,800,000 183 22 8 8 8 8 51

8 8 13.36(2)(a) 52

(852) 2298 6215 53

(1) (8) 1% 5755 54

1% 5755 (i) (ii) 1% 5755 55

(a) 98,000,000 (a) 4,200,000 13,000,000 7.3% 8,800,000 300,000,000 (b) 192,000,000 (b) 6,200,000 50% (c) 2,600,000 1,300,000 (c) 10,000,000 13,000,000 300,000,000 56

57,500,000 (a) 5,000,000 (a) 5,000,000 (b) 35,000,000 (b) 35,000,000 (c) (c) 17,500,000 17,500,000 57

(i) 1,354,000,000 8.5% 200,000,000 (ii) 10.0% 1,200,000,000 PNG 58

80,000,000 (a) 50,000,000 (a) 27,700,000 (b) 30,000,000 (b) 22,300,000 (c) 30,000,000 59

(a) 59,200,000 400,000,000 1,000,000,000 (b) 10,400,000 147,200,000 (c) 26,100,000 (d) 24,100,000 (e) 13,900,000 (f) 12,600,000 (g) 900,000 60

495,500,000 (a) 450,000,000 (a)(i) 130,000,000 (a)(ii)(1) (i) 130,000,000 130,000,000 (ii) 320,000,000 (a)(ii)(2) 55,000,000 (1) 130,000,000 (a)(ii)(3) 61,000,000 1,500,000 (2) 55,000,000 7,500,000 (3) 70,000,000 (a)(ii)(4) (4) 65,000,000 65,000,000 (b) 45,500,000 (b) 45,500,000 61

50% 7.19(6) (i) (ii) (i) (ii) (C) PNG Onger Investments 346,660,228 20.11% PNG PNG 24.37% 20.50% 61.58% (i) 62

25.49% (ii) Caister Limited 35.8%(iii)0.145% PNG PNG Onger Investments PNG 660,000,000 20.11% 62.87% 26 1 PNG 50% 26 (i) (ii) 63

(iii) PNG Mailful Investments PNG 22 8 (iv) (v) 22 4 PNG PNG (i) (ii) (iii) 64

PNG (D) PNG B. C. 25 25 5 (i) (ii) 25 5 PNG 69 107 67 107 (i) (ii) SGM-1 SGM-5 18 20 65

183 22 48 67 68 69 107 CHINA AGRI-PRODUCTS EXCHANGE LIMITED 66

CHINA AGRI-PRODUCTS EXCHANGE LIMITED ( 於百慕達註冊成立之有限公司 ) 0149 (A) (1) (8) 0.30 (B) (C) 67

48 14 (I) (1) (8) 0.30 (II) (III) 0.30 1,724,168,248 (1) (8) PNG Onger Investments 346,192,728 20.08%Onger Investments 346,192,728 170,000,000 69

(i) 660,000,000 (ii) 547,975,520 501,700,000 (i) (ii) PNG (iii) (iv) PNG 25 255 346,660,228 20.11% Onger Investments 20.11% 62.87% 70

26 1 PNG 50% 7.19(6) (i) (ii) 71

I. 1. (a) (i) 270,000 160,000 162,000 74,100,000 (ii) 415,000 226,000 73

73,000 (iii) 200,000 (iv) 255,000 160,000 (v) 150,000 117,000 189,000 74

(vi) 408,000 116,300,000 100,000 (vii) 2,800,000 140,000,000 105,000,000 35,000,000 (viii) 80% 20% 75

(b) (i) 53,000 42,000,000 48,000 44,000,000 (ii) 159,800 29,100,000 (c) (i) 28,800,000 76

(d) 298,043 408,544 (336,069) 220,719 293,349 267,422 3,045,271 2,442,004 1,876,258 1,620,848 146.67% 134.16% (i) 298,000,000 408,500,000 27.05% 77

336,100,000 220,700,000 (i) (ii) 8 (i) 151,400,000 (ii) 1,898,100,000 (iii) 858,000,000 (iv) 1,040,200,000 376,000,000 518,000,000 (i) 705,900,000 (ii) 78

6 (ii) 294,800,000 3,045,300,000 2.7% 12% 8.60% 79

146.67% 3,045,300,000 293,300,000 1,876,300,000 270,700,000 590,500,000 (e) 457,400,000 (i) (ii) (iii) 80

(f) 12 12 (a) 98,000,000 (a) 4,200,000 13,000,000 7.3% 8,800,000 300,000,000 (b) 192,000,000 (b) 6,200,000 50% (c) 2,600,000 1,300,000 (c) 10,000,000 81

57,500,000 (a) 5,000,000 (a) 5,000,000 (b) 35,000,000 (b) 35,000,000 (c) 17,500,000 (c) 17,500,000 82

(i) 8.5% 200,000,000 (ii) 10.0% 1,200,000,000 1,354,000,000 PNG 83

80,000,000 (a) 50,000,000 (b) 30,000,000 (a) 27,700,000 (b) 22,300,000 (c) 30,000,000 84

1,000,000,000 400,000,000 147,200,000 (a) 59,200,000 (b) 10,400,000 (c) 26,100,000 (d) 24,100,000 (e) 13,900,000 (f) 12,600,000 (g) 900,000 85

495,500,000 (a) 450,000,000 (i) 130,000,000 (ii) 320,000,000 (1) 130,000,000 (2) 55,000,000 (3) 70,000,000 (4) 65,000,000 (b) 45,500,000 (a)(i) 130,000,000 (a)(ii)(1) 130,000,000 (a)(ii)(2) 55,000,000 (a)(ii)(3) 61,000,000 1,500,000 7,500,000 (a)(ii)(4) 65,000,000 (b) 45,500,000 86

2. (a) 501,700,000 (ii) (iii) (i) (a) 193,000,000 (b) 32,500,000 (c) 229,900,000 (d) 46,300,000 (ii) 1,394,168,248 330,000,000 50% (a) 94,000,000 (b) 32,500,000 87

(c) 99,000,000 (d) 229,900,000 (e) 46,300,000 (iii) 660,000,000 (a) 193,000,000 (b) 32,500,000 (c) 229,900,000 (d) 46,300,000 88

(b) 229,900,000 (i) 17,200,000 19,000,000 15,200,000 PNG (ii) 25,000,000 36,000,000 7,500,000 PNG (iii) 110,000,000 89

PNG (b)(i) (b)(ii) 25 25 5 (c) 18,750,000 13,750,000 422,800,000 76,400,000 362,400,000 198,000,000 113,100,000 (i) (ii) (i) (ii) (iii) 457,400,000 90

(i)(ii) (iii) 3. (a) 3,045,300,000 2.7% 12% 8.60% 8.60% 261,900,000 146.67% 3,045,300,000 293,300,000 1,876,300,000 10.3% 11.6% 2.7% 8.4% (i) (ii) 91

501,700,000 8.60% 43,100,000 43,100,000 (b) (i) (ii) (iii) (c) 92

(i) (ii) (iii) (iv) 4. (1) (8) 0.30 1,724,168,251 215,521,031 1,724,168,248 (i) 800% (ii) 88.89% 93

1,939,689,279 (i) (ii) 369,000,000 (iii) 5. 0.30 (i) 0.214 1.712 82.48% (ii) 0.212 1.696 82.31% (iii) 0.214 0.457 34.35% (iv) 6.60 95.45% 94

(v) 0.136 1.088 72.43% a. 1 1 1 4.560A 4.296A 4.384A 4.848A 4.472A 4.624A 19.520A 4.088A 7.792A 15.120 3.280 8.456 3.680 2.640 3.128 3.360 2.920 3.104 3.240 2.880 3.080 3.080 2.920 3.016 3.320 2.880 3.008 3.160 2.600 2.816 2.760 2.360 2.600 2.680 2.040 2.200 2 2.080 1.664 1.832 2 1.008 0.856 0.904 0.912 0.808 0.856 1.088 0.96 1.04 95

1) 2) A 0.856 8.456 887% 8.456 b. 15 (i) (ii) 10 (iii) (i) (ii) (iii) 96

1 (%) (%) (%) (%) (519) 492.9 2 1 67.29 57.84 33.33 2.50 (810) 160.6 1 4 67.21 29.08 80.00 2.50 (164) 743.2 1 2 59.79 49.75 33.33 1.00 (2366) 590.7 1 8 83.33 35.71 88.89 4.50 (726) 127.7 1 8 71.43 21.74 88.89 2.50 (80) 133.3 2 1 36.36 27.59 33.33 2.50 (648) 386.0 2 1 52.63 42.55 33.33 4.00 (263) 134.4 1 9 65.22 15.79 90.00 3.00 (1196) 711.6 4 1 10.71 8.76 20.00 2.00 (1172) 415.0 2 1 46.81 36.97 33.33 2.50 (616) 205.4 1 8 80.82 31.89 88.89 1.00 (235) 883.4 2 1 59.80 49.79 33.33 2.50 674.1 10 4.5 6.02 2.26 31.03 1.00 (1103) 2 (986) 267.5 1 8 82.43 34.27 88.89 1.00 (1059) 660.2 10 3 (14.94) (11.11) 23.08 2.50 3 56.42 31.71 53.31 2.33 83.33 57.84 90.00 4.50 6.02 2.26 20.00 1.00 369.0 1 8 82.48 34.35 88.89 2.50 1) 2) 3) 97

6.02% 83.33% 82.48% 56.42% 2.26% 57.84% 34.35% 31.71% (i) 35.41% (ii) 12 12 89.71% (1)(15) 107.42% 12 98

88.89% (i) (ii) (iii) (iv) (v) (vi) (vii) 6. (i) (ii) 99

(iii) (iv) 1,207,975,520 Onger Investments PNG 660,000,000 500,000 547,975,520 100

2.50% 2.50% 1.00% 4.50% 2.50% 2.33% (i) 369,000,000 (ii) (iii) 101

(i) (ii) (iii) (iv) (v) 810 7261172 (vi) 7. (a) 501,700,000 102

(b) 1,416,800,00035.41% 1,918,500,000 8. 88.89% 103

20.00% 90.00% 88.89% (1) (15) 107.42% 12 12 (i) (ii) (iii)(iv) (v) 88.89% (vi) II. PNG 25 255 104

25 5 PNG (i) PNG (ii) 51,400,000 (b)(i) 4 (iii) 68,500,000 (b)(ii) 4 (iv) PNG III. 346,660,228 20.11%Onger Investments 20.11% 62.87% 26 1 105

PNG (i) (ii) (iii) (iv) (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 106

(ix) (x) PNG (xi) 107

1. 35 111 (http://www.hkexnews.hk/listedco/ listconews/sehk/2013/0415/ltn20130415781_c.pdf) 39 127 (http://www.hkexnews.hk/listedco/listconews/sehk/2014/0411/ LTN201404111182_c.pdf) 47 123 (http://www.hkexnews.hk/listedco/listconews/sehk/2015/0302/ltn201503021038_c.pdf) http://www.cnagri-products.com www.hkexnews.hk I-1

287,482 408,544 298,043 (126,900) (216,561) (83,970) 160,582 191,983 214,073 5,328 9,645 42,222 538,287 671,065 77,686 (236,234) (245,895) (287,670) (12,654) (42,774) (106,389) 455,309 584,024 (60,078) (103,337) (164,848) (231,990) 351,972 419,176 (292,068) (135,488) (198,457) (44,001) 216,484 220,719 (336,069) 18,684 83,530 (82,077) 235,168 304,249 (418,146) 145,678 154,980 (340,420) 70,806 65,739 4,351 216,484 220,719 (336,069) I-2

161,923 228,795 (413,170) 73,245 75,454 4,976 235,168 304,249 (418,146) 1.97 2.10 (0.31) 1.97 2.10 (0.31) 4,331,898 5,698,794 6,906,025 (3,064,392) (4,077,946) (5,029,767) 1,267,506 1,620,848 1,876,258 917,680 1,199,589 1,423,291 349,826 421,259 452,967 1,267,506 1,620,848 1,876,258 I-3

2. I-4

5 298,043 408,544 (83,970) (216,561) 214,073 191,983 6 42,222 9,645 77,686 671,065 (287,670) (245,895) (106,389) (42,774) (60,078) 584,024 7(a) (231,990) (164,848) 7 (292,068) 419,176 8 (44,001) (198,457) (336,069) 220,719 (82,077) 83,530 (82,077) 83,530 (418,146) 304,249 (340,420) 154,980 4,351 65,739 (336,069) 220,719 (413,170) 228,795 (4,976) 75,454 (418,146) 304,249 14(a) (0.31) 0.87 14(b) (0.31) 0.87 I-5

16 72,546 45,412 17 3,554,194 3,420,587 18 6,444 6,444 3,633,184 3,472,443 20 2,715,778 1,646,691 21 231,749 293,903 22 27,173 12,789 23 4,792 5,546 24 92,962 24 200,387 267,422 3,272,841 2,226,351 25 973,209 989,606 445,415 99,620 26 434,534 961,128 27 2,941 29 376,000 376,000 30(a) 41,413 36,801 2,270,571 2,466,096 1,002,270 (239,745) 4,635,454 3,232,698 I-6

28 1,503,117 26 731,620 1,104,876 30(b) 524,459 506,974 2,759,196 1,611,850 1,876,258 1,620,848 31(c) 17,242 29,510 1,406,049 1,170,079 1,423,291 1,199,589 452,967 421,259 1,876,258 1,620,848 I-7

24,610 1,552,994 945 2,215,409 664 (15,021) 136,969 (2,998,890) 917,680 349,826 1,267,506 73,815 73,815 9,715 83,530 73,815 73,815 9,715 83,530 154,980 154,980 65,739 220,719 73,815 154,980 228,795 75,454 304,249 4,900 49,980 54,880 54,880 (1,766) (1,766) (1,766) (4,021) (4,021) 29,510 1,601,208 945 2,215,409 664 (15,021) 210,784 (2,843,910) 1,199,589 421,259 1,620,848 29,510 1,601,208 945 2,215,409 664 (15,021) 210,784 (2,843,910) 1,199,589 421,259 1,620,848 (72,750) (72,750) (9,327) (82,077) (72,750) (72,750) (9,327) (82,077) (340,420) (340,420) 4,351 (336,069) (72,750) (340,420) (413,170) (4,976) (418,146) (28,772) 28,772 4,700 137,200 141,900 141,900 (4,231) (4,231) (4,231) 11,066 503,512 514,578 514,578 738 (738) (15,375) (15,375) (15,375) 43,706 43,706 (7,022) (7,022) 17,242 2,221,576 945 2,215,409 664 (15,021) 138,034 (3,155,558) 1,423,291 452,967 1,876,258 I-8

(336,069) 220,719 44,001 198,457 7(c) 10,554 6,543 754 (133) (77,686) (671,065) 7(a) 231,990 164,848 6 (4,750) (1,268) 7(c) 184 52 (131,022) (81,847) 61,897 (93,022) (14,384) (12,789) (1,111,525) (342,882) 345,795 (35,434) (2,941) (51,475) (15,335) (903,655) (581,309) (15,882) (19,992) (919,537) (601,231) I-9

(39,026) (20,462) 88 (88,859) (243,455) 5,007 1,018 (122,878) (262,811) 768,701 548,967 995,000 97,565 (250,094) (356,638) (5,000) (380,000) 137,669 53,114 499,203 (92,962) (185,754) (107,806) (7,022) (4,021) (962,306) 748,616 (80,109) (115,426) 24 267,422 393,954 13,074 (11,106) 24 200,387 267,422 I-10

1. 2. (a) (b) (i) 35 336,069,000919,537,000 I-11

2. (b) (i) (1) 517,300,000 0.301,724,168,248 1 110,000,00012% (2) (3) (4) I-12

2. (b) (i) (4) 376,000,000 518,700,000 (ii) 2 17 2 36 I-13

2. (b) (ii) (iii) (iv) 4 I-14

2. (c) I-15

2. (c) (i) (ii) 39 (i) 1219 2 5 I-16

2. (c) (i) 3937 I-17

2. (c) (i) (ii) (d) I-18

2. (d) (e) 2(g) 2(s) 30 5 5 10 I-19

2. (f) (i) (ii) I-20

2. (g) (i) I-21

2. (g) (ii) I-22

2. (g) (iii) 34 2(g)(i) (ii) (h) (i) 2(g)(i) (j) I-23

2. (j) (i) 2(g) (ii) I-24

2. (j) (ii) (i)(ii) 2(p)(ii) I-25

2. (j) (iii) (iv) (k) (l) I-26

2. (m) (n) (i) (ii) (iii) I-27

2. (o) I-28

2. (o) (p) (i) 2(p)(ii) 2(p)(ii) (ii) I-29

2. (q) (i) (ii) (iii) (iv) (v) (vi) (vii) I-30

2. (r) (s) (t) (1) (2) (i) (ii) (iii) I-31

2. (t) (3) (i) (ii) (iii) (iv) (v) (vi) (2) (vii) (2)(i) (u) I-32

2. (v) 3. 10 12 27 32 36 39 21 10 1227 10 12 2710 I-33

3. 10 1227 1227 10 32 32 32 36 36 36 13 39 39 39 I-34

3. 21 21 21 21 9 1 14 2 15 3 11 5 16 5 38 16 5 41 19 4 27 5 10 28 5 6 4 5 1 2 3 4 5 6 I-35

3. 9 9 9 9 39 9 9 39 9 9 14 14 14 14 14 I-36

3. 15 15 15 1811 15 15 15 15 15 15 11 11 3 3 36 3 11 11 I-37

3. 1638 16 38 a) b) 16 38 1641 1641 1641 41 1641 19 19 19 I-38

3. 27 939 9 28 2728 10 1 27 1028 28 I-39

3. 1028 10 10 1028 2(i) (ii) (ii) 2 3 9 39 3 8(i) (ii) I-40

3. 1313 39 9 1638 24 3 13 39 9 32 4040 3 (a) 40 (b) 3 I-41

3. 5 7 7 34 19 3434 4. I-42

4. (a) (i) (ii) 17(a) (iii) (iv) I-43

4. (a) (v) (b) 2 (b)(i) i) ii) I-44

5. (i) (ii) (iii) (iv) 166,887 137,824 50,385 39,064 71,574 62,037 9,197 169,619 298,043 408,544 6. 4,750 1,268 133 6(a) 35,519 5,379 1,953 2,865 42,222 9,645 (a) I-45

7. (a) 186,314 145,941 15,645 4,982 25,238 23,500 19,326 (8,768) (14,533) (807) 231,990 164,848 7.0%7.0% (b) 897 685 132,029 98,191 132,926 98,876 I-46

7. (c) 10,554 6,543 184 52 1,600 1,200 200 200 4,219 3,389 754 10,212 135,928 8. (i) 23,423 53,508 (8,317) 28,895 144,949 44,001 198,457 25%25% I-47

8. (ii) % % (292,068) 419,176 (73,017) (25.0) 104,794 25.0 22,789 7.8 19,840 4.7 110,201 37.7 73,021 17.4 (26) (25) (10,255) (3.5) (8,317) (2.8) 2,626 0.9 827 0.2 44,001 15.1 198,457 47.3 I-48

9. 622 11 78 9(a) 1,026 3,134 17 4,177 1,433 582 17 2,032 9(b) 671 1,019 6 1,696 888 316 44 1,248 140 140 9(d) 140 140 140 140 4,438 5,051 84 9,573 9(a) 1,005 1,539 15 2,559 1,387 313 15 1,715 9(b) 1,759 412 15 2,186 789 276 39 1,104 120 120 9(c) 45 45 9(d) 75 75 120 120 5,300 2,540 84 7,924 I-49

9. (a) (b) (c) (d) 10. (a) 9 1,048 908 17 15 1,065 923 1,000,000 1 1,000,001 1,500,000 1 I-50

10. (a) 9 1,000,000 5 7 1,000,000 1,500,000 1 6 7 11. 5% 25,000 30,000 12. 183,733,000 220,060,000 13. I-51

14. (a) 340,420,000 154,980,000 1,105,197,153 178,349,736 (b) 15. 8(i)(ii) I-52

15. 288,846 238,925 9,197 169,619 298,043 408,544 (95,309) (3,307) (1,026) 6,648 (96,335) 3,341 39,970 8,873 13 2,252 759 42,222 9,645 77,686 671,065 77,686 671,065 (83,651) (100,027) (60,078) 584,024 (43,832) (21,880) (731) (187,427) (142,968) (231,990) (164,848) (292,068) 419,176 (44,001) (198,457) (336,069) 220,719 2 I-53

15. 4,103,168 3,922,216 2,715,778 1,646,691 6,818,946 5,568,907 87,079 129,887 6,906,025 5,698,794 2,134,593 1,542,528 535,721 469,812 2,670,314 2,012,340 2,359,453 2,065,606 5,029,767 4,077,946 I-54

15. i 169,378 259,730 2,213 4,187 171,591 263,917 77,686 671,065 77,686 671,065 (754) 133 (754) 133 8,914 5,800 1,640 743 10,554 6,543 (i) 10% 90% I-55

16. 2,356 39,945 1,288 43,589 67 1,345 78 1,490 17,302 3,160 20,462 (966) (966) 2,423 57,626 4,526 64,575 (107) (1,419) (106) (1,632) 10,124 27,686 1,216 39,026 (997) (997) 12,440 82,896 5,636 100,972 578 11,423 1,013 13,014 17 377 38 432 61 5,786 696 6,543 (826) (826) 656 16,760 1,747 19,163 (15) (418) (45) (478) 300 9,108 1,146 10,554 (813) (813) 941 24,637 2,848 28,426 11,499 58,259 2,788 72,546 1,767 40,866 2,779 45,412 I-56

17. 3,554,194 3,420,587 3,420,587 3,408,915 132,565 243,455 (998,586) 77,686 671,065 (76,644) 95,738 3,554,194 3,420,587 (a) 3,554,194,000 7.0% 8.0%6.5% 8.0% 8.0% 9.0%7.5% 9.0% 857 8 51 I-57

17. (b) 3,554,194 3,420,587 (c) 3,554,194 3,554,194 3,420,587 3,420,587 (d) 3,767,0004,784,000 163,120,000 133,040,000 47,146 85,933 64,602 55,589 274 111,748 141,796 I-58

17. (d) (e) 1,559,808,000 1,665,293,00026 18. 25,017 25,017 18,573 18,573 6,444 6,444 12%12% I-59

18. 6,444 6,444 12%12% 3% 19. 1,053,933 1,005,433 (i) (734,353) (734,353) 319,580 271,080 (i) I-60

19. (a) Novel Talent Limited 1 100.0% 100.0% 61,220,000 51.0% 51.0% 19(a)(i) 88,500,000 100.0% 94.4% 5.6% 19(a)(i) 76,230,000 65.0% 65.0% 19(a)(i) 80,000,000 100.0% 100.0% 19(a)(ii) 150,000,000 100.0% 100.0% 19(a)(ii) 23,230,000 100.0% 100.0% 19(a)(ii) 180,000,000 100.0% 100.0% 19(a)(ii) 10,000,000 100.0% 100.0% 19(a)(iii) 2,000,000 75.0% 75.0% 19(a)(i) 9,999,988 100.0% 100.0% 19(a)(ii) I-61

19. (a) 2,520,000 100.0% 100.0% 19(a)(ii) (i) (ii) (iii) (b) 49.0% 19,071 62,093 219,550 212,156 35.0% (4,616) 3,646 198,206 209,103 I-62

19. (b) (i) 46,140 53,120 585,234 567,832 85,282 89,290 98,030 95,486 228,512 224,020 219,550 212,156 63,981 66,077 23,345 130,614 (48,405) (69,971) 38,921 126,720 19,850 64,627 19,071 62,093 38,921 126,720 14,992 69,757 14,404 67,021 29,396 136,778 7,022 4,021 39,545 33,071 (13,297) (3,986) (26,965) (22,332) (717) 6,753 I-63

19. (b) (ii) 29,800 41,137 716,924 772,929 62,643 78,680 117,777 142,388 368,098 383,895 198,206 209,103 37,615 194,448 20,792 19,091 (71,596) (203,121) (13,189) 10,418 (8,573) 6,772 (4,616) 3,646 (13,189) 10,418 (17,351) 15,662 (9,343) 8,433 (26,694) 24,095 19,164 40,375 (1,659) (4,718) (21,371) (30,244) (3,866) 5,413 I-64

20. 53,412 35,225 2,662,366 1,611,466 2,715,778 1,646,691 2,662,366,0001,611,466,000 904,357,000170,658,000 26 21. 6,002 250 21(c) 2,648,424 1,923,463 6,002 250 2,648,424 1,923,463 116,605 234,167 7,483 4,666 48,385 19,047 247 596 12,572 14,394 40,702 21,379 231,749 293,903 2,648,671 1,924,059 (a) 90 4,668 229 90 180 896 11 180 438 10 6,002 250 I-65

21. (a) 30 (b) 90 896 11 90 438 10 1,334 21 (c) 3,075,063 2,350,102 (426,639) (426,639) 2,648,424 1,923,463 I-66

21. (c) 426,639 347,075 79,564 426,639 426,639 22. 27,173 12,789 5.6%7.2% 23. 4,792 5,546 4,792 5,546 I-67

24. 24(a) 200,387 267,422 20,750 65,556 24(b) 92,692 (a) 0.001% 3.1%0.1% 3.1% 122,959,000 153,760,000112,138,000 143,343,000 (b) (c) 200,000,0001,200,000,000 1,405,000,0001,400,000,000 28 25. 25(a) 80,681 74,481 47,929 29,804 23,201 1,945 346,307 484,837 70,345 212,225 171,541 209,150 168,256 34,261 44,485 262,142 258,939 13 13 973,209 989,606 313,045 244,695 (a) I-68

26. 26(c) 1,048,629 542,059 108,700 62,525 63,945 26(d) 880,000 880,000 26(e) 55,000 580,000 525,000 1,166,154 2,066,004 108,700 1,405,000 434,534 961,128 108,700 745,000 219,289 216,816 100,000 436,645 785,124 560,000 75,686 102,936 1,166,154 2,066,004 108,700 1,405,000 (434,534) (961,128) (108,700) (745,000) 731,620 1,104,876 660,000 (a) 1,111,154,000 606,004,000 2.7% 8.4% 6.4% 9.8% 55,000,000 1,460,000,000 12% 10% 12% (b) 10% 12% 10% 12% 2.7% 8.4% 6.4% 9.8% (c) 17 20 24 2,604,647,000 1,835,951,000 (i)(ii) (iii) (iv) (d) (i)(ii) (iii) (e) PNG Peony Finance Limited 200,000,000 I-69

27. 2,300,000 2,891,000 2,300,000 2,941,000 28. 1 1 2 193,426 1,160,551 143,588 1,497,565 1,806 11,388 6,132 19,326 (1,582) (11,172) (1,020) (13,774) 193,650 1,160,767 148,700 1,503,117 1. 1,400,000,000 200,000,000 1,200,000,000 8.5% 10.0% 10.3% 10.9% 2. 1,000,000,000 1% 40 400,000,000 1% I-70

28. 2. 400,000,000 1% 40 387,400,000 96.85% 11.6% 3. 26(e) PNG Peony Finance Limited 200,000,000 29. 376,000,000 5 376,000 376,000 12.23% 35 I-71

30. (a) (b) 350,188 11,837 167,766 (22,817) 506,974 (11,411) 30,422 (1,526) 524,459 524,459 506,974 (c) 103,587,000 I-72

31. (a) 52 (b) 24,610 1,552,994 945 588,812 664 (1,766,079) 401,946 4,900 49,980 54,880 (1,766) (1,766) (220,060) (220,060) 29,510 1,601,208 945 588,812 664 (1,986,139) 235,000 (28,772) 28,772 4,700 137,200 141,900 (4,231) (4,231) 11,066 503,512 514,578 (15,375) (15,375) 738 (738) (183,733) (183,733) 17,242 2,221,576 945 588,812 664 (2,141,100) 688,139 I-73

31. (c) 0.01 0.01 30,000,000,000 300,000 30,000,000,000 300,000 2,950,984,135 29,510 2,460,984,135 24,610 (i) (2,877,209,532) (28,772) (ii) 1,106,619,045 11,066 (ii) 73,774,603 738 (iii) 250,000,000 2,500 490,000,000 4,900 (iv) 220,000,000 2,200 1,724,168,251 17,242 2,950,984,135 29,510 (i) 0.01 0.40 (a) 0.40 0.01 0.39 (b) (ii) 0.465 1,106,619,045 73,774,603 I-74

31. (c) (iii) 0.33 250,000,000 (iv) 0.27 220,000,000 (d) (i) 40 (ii) (iii) (i) (ii) (iv) I-75

31. (d) (v) 2(r) (vi) (e) (f) I-76

31. (f) 26 434,534 961,128 29 376,000 376,000 810,534 1,337,128 26 731,620 1,104,876 28 1,503,117 2,234,737 1,104,876 3,045,271 2,442,004 24 (200,387) (267,442) 2,844,884 2,174,562 1,876,258 1,620,848 151.6% 134.2% 32. 1 (a) (b) (c) I-77

32. 125,416,8257.27% 10% 30% 1%1% 0.1%5,000,000 33. (a) I-78

33. (a) 19% 55%12% 22% 21 (b) I-79

33. (b) 925,280 925,280 925,280 1,166,154 1,324,966 411,436 351,495 501,546 60,489 1,503,117 2,461,401 140,911 341,286 1,571,804 407,400 376,000 376,000 376,000 3,970,551 5,087,647 1,853,627 692,781 2,073,350 467,889 959,802 959,802 959,802 2,066,004 2,432,766 1,128,648 319,514 863,490 121,114 376,000 376,000 376,000 3,401,806 3,768,568 2,464,450 319,514 863,490 121,114 I-80

33. (b) 289,844 289,844 289,844 108,700 111,566 22,514 89,052 1,503,117 2,461,401 140,911 341,286 1,571,804 407,400 376,000 376,000 376,000 2,277,661 3,238,811 829,269 430,338 1,571,804 407,400 242,750 242,750 242,750 1,405,000 1,640,854 875,922 175,090 589,842 376,000 376,000 376,000 2,023,750 2,259,604 1,494,672 175,090 589,842 (c) 0.001% 3.1% 0.1% 3.1% 26 28 29 29) 26 28 26 24 24 I-81

33. (c) 10,730,00017,986,000 (d) (e) 5%240,000 277,000 (f) (i) (ii) I-82

33. (f) 4,792 4,792 5,546 5,546 I-83

34. (a) 270,716 590,515 (b) 1,963 1,735 4,285 4,024 6,248 5,759 35. (A) I-84

35. (A) (a) (b) (c) 8% 8% 1.3% 1 (a)(b) I-85

35. (A) (a) (b) (i) (ii) (c) 6 (B) (C) I-86

35. (C) 20,659,176 (D) 376,000,000 518,700,000 (E) 3,816,707 I-87

36. (a) 9 10 10,538 8,748 100 99 10,638 8,847 7(b) (b) 21 26 28 (c) Peony Finance Limited 19,951 1,396 21,347 37. 1. 517,300,000 0.30 1,724,168,248 501,700,000 2. 1 110,000,000 12% I-88

38. 39. I-89

3. 1,205,660,000 (i)1,088,647,000 (ii) 62,013,000 (iii) 55,000,000 2.7% 7.8% 12.0% 1,088,647,000 1,547,023,000 844,858,000114,525,000 40 149,827,000 1% 1,361,779,000 8.5% 10% 7.3% 376,000,000 5% I-90

4. 12 5. 35 8. 6. 298,000,000 408,500,000 110,500,000 27% I-91

192,000,000 12% 214,100,000 72%47% 340,400,000 155,000,000 200,400,000 267,400,000 6,906,000,000 5,698,800,000 1,876,300,000 1,620,800,000 1.51.3 3,045,300,0002,442,000,000 200,400,000 267,400,000 1,876,300,000 1,620,800,000 I-92

11 31 II-4 II-5 II-4 II-5 0.3 0.011,724,168,248 II-1

4.29 7 4.29(7) 3420 4.29 7 II-2

(a) (b) (c) 4.29(1) P05806 II-3

4.29 0.3 1,724,168,248 0.01 1 2 3 4 1,416,847 501,700 1,918,547 6.57 0.99 (1) 1,423,291,0006,444,000 II-4

(2) 0.30.011,724,168,248 15,600,000 (3) 215,521,031 (4) 1,939,689,279215,521,0311,724,168,248 215,521,031 0.08 0.01 (5) II-5

III-1

1 4 5 7 9 10 8 11 5 12 a. b. c. III-2

d. e. f. g. h. Kevin Mok III-3

30% 60% 5% 11% 25% 9 5 FHKIS, AAPI, MRICS, RPS(GP), MBA(HKU) Jessie X. Chen MRICS, MSc (Real Estate), BEcon 19 Jessie Chen 5 III-4

1. 468,000,000 51% 238,680,000 2. 584,000,000 65% 379,600,000 3. 389,000,000 100% 389,000,000 4. 1,436,000,000 100% 1,436,000,000 2,877,000,000 2,443,280,000 III-5

5. 832,000,000 100% 832,000,000 6. 499,000,000 100% 499,000,000 7. 577,000,000 100% 577,000,000 8. 75% III-6

9. 131,000,000 100% 131,000,000 10. 120,000,000 100% 120,000,000 2,159,000,000 2,159,000,000 5,036,000,000 4,602,280,000 III-7

1. 193,673.91(2,084,706 108,3021,165,762 102,514 48,800,000 468,000,000 3 51% 238,680,000 1. (2007) 104193,673 51% 2. (2008) 12888 51% 193,673.91 3. 565206,746.94 4. 101,555.06 5. III-8

6. i. ii. 6,746.94 iii. iv. v. 6 iv III-9

2. 273,884.072,948,088 106,914 (1,150,822 ) 96,623 23,300,000 584,000,000 3 65% 379,600,000 1. (2007) 7273,884 65% 2. (2007) A807 A808 A809 A913 A914 65% 273,884.07 3. 25 88,039.48 4. 18,874.52 5. III-10

6. i. ii. Changxi iii. 88,039.48 iv. v. 6 ii III-11

3. 141,529.791,523,427 78,883 849,097 73,313 11,700,000 389,000,000 3 100% 389,000,000 1. (2011) 006141,607 2. (2011) 0100044901000452 141,529.79 62,720,000 3. 704 47,343.17 4. 31,539.83 5. III-12

6. i. ii. Changxi iii. 47,343.17 iv. v. 6 ii III-13

4. 313,869.86(3,378,495 187,9652,023,255 164,163 124,600,000 1,436,000,000 3 100% 1,436,000,000 1. WCG-2006-042268,882 2. WH-2014-B09644,987.62 10,656.5 3. (2009) 431 268,882.24 4. (2014) 225 44,987.62 5. 41135,368.52 III-14

6. 52,596.36 7. 8. i. ii. iii. iv. 135,368.52 v. 8 ii III-15

5. 255,655.852,751,880 169,483.7 1,824,323 145,550 10,200,000 832,000,00 2 100% 832,000,000 1 1. (2012)188133,408 2. (2012) 02001226 133,408.51,436,009 46,025,930 3. (2014) 02000247 122,247.11,315,868 43,092,091 III-16

4. 169,483.7 5. 6. i. ii. 6 iv iii. iv v. 6 iv III-17

6. 266,630.152,870,007 189,097.832,035,449 58,619 5,700,000 499,000,000 100% 499,000,000 1 1. (2011)47 (2012)45 266,630.15 2. (2011) A1932 149,814.97 21,650,000 3. (2013) A1215116,815.18 17,050,000 4. 9,443.98 III-18

5. 179,653.85 6. 7. i. 1 2 ii. iii. 7 ii III-19

7. 408,080.1 4,392,574 12 56,167 7,500,000 577,000,000 100% 577,000,000 1 100,824.461,085,274 1. (2013) 0345 0349 408,080.1 2. 252097 252098 252099 252100 252101 408,080.1 116,302,830 3. Kaidi 4. 435,300,000 III-20

5. i. ii. iii. 5 ii III-21

8. 45,595.64 490,791 1. 130.4286,947.1 63.26 1,300 / 35.76 1,300 / 31.4 1,300 / 2. i. ii. iii. 20 III-22

9. 159,7741,719,807 259,518 2,793,45161,817.54 131,000,000 100% 131,000,000 1. 259,518 41,245.00 1.5 61,867.50 78,816.00 1.5 118,224.00 39,713.00 2 79,426.00 III-23

2. - (2014) 000015-000017 259,518 41,245.00 78,816.00 39,713.00 3. 79,000,000 4. 61,817.54 77,000,000 5. i. ii. iii. III-24

10. 101,630.6 1,093,952 101,086 1,088,090 21,853.21 120,000,000 100% 120,000,000 1. 111,321 53,178.00 1.2 63,813.60 48,452.60 1.2 58,143.12 2. - (2014) 1729548,452.6 44,000,000 3. - (2014) 1101253,178 42,000,000 III-25

4. 27,680,000 5. 21,853.21 48,000,000 12,000,000 6. i. ii. iii. 6 (ii) III-26

1. 2. (i) (ii) (i) 30,000,000,000 300,000,000.00 1,724,168,251 17,241,682.51 IV-1

(ii) 30,000,000,000 0.01 300,000,000.00 215,521,031 0.01 2,155,210.31 1,724,168,248 17,241,682.48 1,939,689,279 19,396,892.79 1% 5755 3. (a) XV (i) XV 7 8 (ii) 352 (iii) (iv) IV-2

(b) XV 2 3 10% 1 PNG 559,466,819 28.84% PNG2 4 660,000,000 34.03% 3 4 547,975,520 28.25% Active Dynamic Limited 547,975,520 28.25% Galaxy Sky Investments Limited 547,975,520 28.25% Kingston Capital Asia Limited 547,975,520 28.25% 547,975,520 28.25% 547,975,520 28.25% 1. 2. PNG Onger Investments Limited IV-3

3. Total Smart Investments Limited 4. PNGTotal Smart Investments Limited Onger Investments Limited XV 2 3 10% 4. 5. 6. (i)(ii) (iii) IV-4

7. 1 4 6 (i) (ii) (iii) 8. (A) 1 (a) IV-5

(1) (2) (3) 8% 1 1 IV-6

(a) (b) (a) (b) (i) (ii) (c) 6 (b)(i)(b)(ii)(c) (b)(i) (b)(ii) (a) (i) 151,400,000 50.81%(ii) 1,898,100,000 27.48%(iii) 858,000,000 17.06% (iv) 1,040,200,000 73.08% IV-7

(b) 376,000,000 518,000,000 (c) (i) 705,900,000 (ii) (b)(i) (b)(ii) (B) (1) (2) (C) (1) (2) IV-8

(3) 20,659,176 (4) (5) (6) (7) (8) (D) (1) IV-9

(2) (i) (ii) (3) 376,000,000 518,700,000 (E) 3,816,707 (i) (ii) 9. (a) 110,000,000 (b) (c) 17,220,274 (d) 18,950,685 IV-10

(e) Peony Finance Limited 15,229,452 (f) (g) 300,000,000 7.3% (h) 28,800,000 (i) 220,000,000 0.270 57,500,000 (j) (i) (ii) PNG (iii) 8.5% 10.0% (k) 250,000,000 0.33 80,000,000 (l) 18,000,000 2,000,000 IV-11

(m) (n) 2,800,000 140,000,000 105,000,000 35,000,000 (o) 24,000,000 3 8.16% (p) 10 (q) (i)(ii)(iii) 0.465 1,106,619,045 (r) 490,000,000 0.112 53,100,000 10. 15,600,000 IV-12

11. (a) PNG 3,424,000 PNG 0.04% (b) 22 4 (c) 3 (d) (2) (e) (1) (2) (3) (4) 22 8 (f) (g) (h) 22 4 (i) (j) IV-13

(k) (l) (i) (ii) (m) (n) (o) (p) 22 8 (q) PNG Mailful Investments PNG 22 8 (r) (s) 22 4 (t) IV-14

12. (i) (ii)(iii) 0.365 0.370 0.335 0.295 0.260 0.214 0.214 0.115 0.112 0.136 0.415 0.101 13. 9 5 9 5 IV-15

9 5 9 5 9 5 9 5 Clarendon House 2 Church Street Hamilton HM 11 Bermuda IV-16

9 5 183 22 MUFG Fund Services (Bermuda) Limited The Belvedere Building 69 Pitts Bay Road Pembroke HM08 Bermuda 11 1105-1107 11 31 1 10 IV-17

15 17 6 SK36-37 0149 5755 9 5 9 5 http://www.cnagri-products.com 14. 5 PNG 5 9 5 IV-18

9 5 9 5 P. O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands Caister Limited P. O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands 1 28 2801 48 14 1 28 2801 IV-19

P. O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands 9 28 Conyers Dill & Pearman 8 2901 11 31 10 1010 183 22 IV-20

15. 51 PNG 47 23 50 22 IV-21

59 Chabot College 49 68 40 Freeman Fox and Partners 16. 9 5 www.sfc.hk http://www.cnagri-products.com (a) (b) (c) IV-22

(d) (e) (f) (g) (h) (i) (j) (k) 17. (a) Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda 9 5 (b) (c) 183 22 (d) IV-23

CHINA AGRI-PRODUCTS EXCHANGE LIMITED ( 於百慕達註冊成立之有限公司 ) 0149 China Agri-Products Exchange Limited 18 20 1. (i) (ii) 46(2) (a) (8) 0.01 (1) 0.08 (b) 0.08 0.01 0.07 (c) SGM-1

(d) 1 2. (a) 1 (b) A (1) (8) 0.30 1,724,168,248 SGM-2

4. (a) 2 26 1 (i) PNG (ii)(iii)(iv) (v) (vi) (vii) Caister Limited (viii) (i) Onger Investments Limited Onger Investments Limited346,192,728 170,000,000(ii) (b) 4 CHINA AGRI-PRODUCTS EXCHANGE LIMITED SGM-4

Clarendon House 2 Church Street Hamilton HM11 Bermuda 9 5 1. 2. 183 22 3. 4. 5. SGM-5