P.1

2 3 6 35 48 67 76 76 77 78 80 82 84 85 175 177 183 P.1

GBS JP GBS JP MUFG Fund Services (Bermuda) Limited 26 Burnaby Street, Hamilton HM 11, Bermuda 183 17 1712-1716 26 Burnaby Street, Hamilton HM 11, Bermuda 68 11 2894 7888 2890 1697 www.regal.com.hk P.2

69 Century City International Holdings Limited Paliburg Holdings Limited Cosmopolitan International Holdings Limited 34 GBS JP 68 Newport University 55 P.3

( ) 57 59 62 / McDonnell Douglas Ford Aerospace The Association to Advance Collegiate Schools of Business P.4

( ) 40 59 83 55 59 P.5

256,900,000 536,300,000 P.6

( ) 386,800,000 1,058,300,000 1,182,300,000 18.85 10.8 10.0 8.0% 100,800,000 96,400,000 3.6 3.3 14.4 13.3 8.3% 7.7% 2.9% 11.7% 54,000,000 89% 2.8% P.7

( ) 74.6% 342,600,000 3,548,800,000 3,068,000,000 497,100,000 464,700,000 7.0% 97.4% 100% 7.4% 510 28 494 3,984 P&R Holdings Limited 50% 132 140 248 1,580,000,000 79,000,000 82,950,000 86,900,000 34 248 iclub by Regal P&R Holdings 338 P.8

( ) 90.2% 1.0% 881,000,000 734,000,000 147,000,000 50% 743,000,000 734,000,000 1.2% 50% P&R Holdings Paliburg Holdings Limited 50/50 P&R Holdings 132 140 1,580,000,000 P.9

( ) 56A 578 17,476 7 136 21 32,470 P&R Holdings 825 5,960 1,200 P&R Holdings P&R Holdings Cosmopolitan International Holdings Limited P&R Holdings 50/50 70% 30% P&R Holdings 10 14 19 4 P&R Holdings P&R Holdings P.10

( ) P&R Holdings 19.4% P&R Holdings 67.5% P&R Holdings P&R Holdings A321-211 85% A321-200 72 60 8D Matrix Limited 36% 8D Matrix 52% Century City International Holdings Limited 12% Bodhi and Friends 3D 70 3D (APPs) 26 16,000 P.11

( ) P&R Holdings P.12

P.13

P.14

V bar & lounge P.15

P.16

P.17

P.18

Premier Premier Regal Court P.19

P.20

P.21

Regal Court P.22

P.23

P.24

P.25

JOINT VENTURE DEVELOPMENTS 124 4309 / P.26

56A 578 / 482 P.27

8 8A 10 10A 12 12A 14 20 5 7 169 171 P.28

P.29

/ / / P.30

A321-200 A321-211 P.31

(2014) (2014) (2014) (2015) P.32

(2016) (2015) (2016) P.33

(2016) (2016) P.34

P&R Holdings Limited P&R Holdings P&R Holdings Limited P&R Holdings Paliburg Holdings Limited 50:50 P&R Holdings P&R Holdings P&R Holdings / P&R Holdings P&R Holdings P&R Holdings 14 20 457 4,915 338 6,849 73,721 9,393 101,105 P.35

( ) 124 4309 11,192 120,470 170 36 134 11,192 120,470 5 7 169 171 345 3,710 98 5,236 56,360 8 8A 10 10A 12 12A 700 7,535 340 6,298 67,790 482 5,090 54,788 15,270 164,364 56A 578 17,476 188,100 7 136 21 32,470 349,500 P&R Holdings 250,000,000 P&R Holdings Century City International Holdings Limited P.36

( ) P&R Holdings 70% Cosmopolitan International Holdings Limited 50% 30% P&R Holdings P&R Holdings 70% 30% 50% P&R Holdings 1,540,000,000 5% 497,000 306 340 1,250,000,000 10% 31,700 145,000 7,600 4,300 1,843 1,228,700 P.37

( ) 937 624,270 82.5% 17.5% 297,000,000 181,000 412,000 P.38

( ) 18.85 11,774.9 12.47 6,017.4 6.38 17,792.3 18.85 P.39

( ) 1,647,000,000 423,300,000 204,100,000 126,300,000 7,942,400,000 4,420,500,000 32.6%20.3% 7,942,400,000 4,420,500,000 24,333,800,000 21,795,900,000 428,500,000 380,000,000 9,500,600,000 14,444,900,000 1,224,000,000 577,300,000 807,000,000 317,300,000 P.40

( ) 94,492,720 20,096,000 12,986,000 51,258,540 10,656,000 12,986,000 P&R Holdings P&R Holdings Ample State Investments Limited Ample State P&R Holdings 70% P&R Holdings 70% Ample State 642,300,000 P&R Holdings Ample State 1,540,000,000 1,940,400,000 70% 5% 648,100,000 Ample State 50% Faith Crown Holdings Limited Faith Crown Ample State Faith Crown 30% Faith Crown Ample State 30% 553,000,000 Faith Crown Ample State 1,540,000,000 1,940,400,000 30% 5% Ample State P.41

( ) Faith Crown P&R Holdings 70% 1,024,700,000 Joyous Unity Investments Limited P&R Holdings Ample State Faith Crown Ample State P&R Holdings Faith Crown 648,100,000 Ample State P&R Holdings Ample State 618,300,000 542,700,000 Regal International (BVI) Holdings LimitedRegal BVI Fortune City International Investments Limited Fortune City Regal BVI Grand Praise Investments Limited Grand Praise Grand Praise Fortune City Fortune City 1,417,500,000 Regal BVI Fortune City 1,250,000,000 1,575,000,000 10% Fortune City P.42

( ) Fortune City Regal BVI Regal BVI 1,460,700,000 P&R Holdings P&R Holdings P&R Holdings P&R Holdings Plentiful Investments LimitedPlentiful Plentiful Tristan Limited Tristan PlentifulPlentiful P&R Holdings Tristan 132 140 1,580,000,000 Plentiful P&R Holdings 1,580,000,000 Plentiful 248 iclub by Regal P&R Holdings Plentiful P&R Holdings R-REIT International Finance Limited 1,000,000,000 / / / P.43

( ) P&R Holdings P&R Holdings P&R Holdings Fortune Mine LimitedFortune Mine Fortune Mine Fortune MineFortune Mine P&R Holdings 14 20 P&R Holdings 30 1,650,000,000 P&R Holdings 1,650,000,000 Fortune Mine 338 iclub by Regal P&R Holdings Fortune Mine P&R Holdings / / / Plentiful Fortune Mine 948,000,000 P&R Holdings 10,000,000 990,000,000 P&R Holdings P.44

( ) P&R Holdings 50% P&R Holdings 50% 123 1,581,100,000 P&R Holdings Paliburg Development BVI Holdings LimitedPDBVI Regal BVI P&R Holdings P&R Holdings Time Crest Investments Limited Valuegood International Limited Well Mount Investments Limited Regal BVI 334,000,000 6,869,583,332 341,450,000 504,300,000 0.07 2,350,700,000 50% P&R Holdings P.45

( ) P&R Holdings 50% P&R Holdings 50% P&R Holdings Lendas Investments LimitedLendas Giant Sino Group Limited 2,291,076,090 19.44% 160,375,326.30 0.07 Lendas P&R Holdings 541,450,000 10,202,916,664 P&R Holdings 50% P&R Holdings P&R Holdings P&R Holdings P&R Strategic LimitedP&R Strategic P&R Holdings 26.1 0.07 0.0002 P&R Holdings P&R StrategicRH International Finance Limited P.46

( ) 2,050 P.47

P&R Holdings Limited P&R Holdings 76 174 3.6 3.3 34,700,000 31,800,000 10.8 10.0 100,800,000 96,400,000 P.48

(i) (ii) GBS JP 109(A) P.49

13.51(2) 13.74 3.13 Century City International Holdings Limited Paliburg Holdings Limited P.50

XV (a) 352 (b) / / 1. 24,200 557,023,261 260,700 557,308,161 c (58.24%) 300,000 269,169 569,169 d (0.06%) 50,240,000 50,240,000 (5.25%) 10,200 10,200 (0.001%) 2. 100,587,396 1,769,164,691 380,683 1,870,132,770 a (58.25%) 112,298 112,298 (0.003%) 251,735 251,735 (0.008%) 3,521,973 3,521,973 (0.11%) P.51

/ / 2. 24,000 24,000 (0.001%) 200 200 (0.000%) 3. 90,078,014 740,354,803 15,000 830,447,817 b (74.48%) 2,274,600 2,274,600 (0.20%) 556 556 (0.000%) 1,116,000 1,116,000 (0.10%) 176,200 176,200 (0.02%) 80,474 80,474 (0.007%) 104,200 104,200 (0.009%) 4. Cosmopolitan International Holdings Limited 7,500,000 14,845,167,190 e 14,845,167,190 (67.51%) 7,500,000 (0.03%) 4,600,000 4,600,000 (0.02%) 5. 2,443,033,102 2,443,033,102 f (75%) 6. 8D International 1,000 1,000 (BVI) Limited g (100%) P.52

(a) (b) 1,769,164,691 99.9% 693,618,547 58.24% 16,271,685 Wealth Master International Limited 90.00 Select Wise Holdings Limited Wealth Master International Limited 100.00 30,464,571 Wealth Master International Limited 90.00 Select Wise Holdings Limited Wealth Master International Limited 100.00 Splendid All Holdings Limited Select Wise Holdings Limited 100.00 (c) (d) (e) (f) (g) 421,400 58.24% 556,601,861 62.21% 269,169 14,845,167,190 P&R Holdings 50% 62.21% 58.16% 58.24% 10,219,000 2,429,394,739 732,363 2,687,000 P&R Holdings 50% 67.51% 62.21% 58.16% 58.24% 400 58.24% 600 XV (a) 352 (b) P.53

(i) (ii) (iii) (iv) (v) 336 i 557,023,261 557,023,261 58.21% Century City BVI Holdings LimitedCCBVI ii 557,023,261 557,023,261 58.21% iii 556,601,861 556,601,861 58.16% Paliburg Development BVI Holdings Limited iv 556,601,861 556,601,861 58.16% Guo Yui Investments Limited iv 243,118,466 243,118,466 25.41% Paliburg BVI Holdings Limited iv 230,870,324 230,870,324 24.13% Taylor Investments Ltd. iv 154,232,305 154,232,305 16.12% Glaser Holdings Limited iv 58,682,832 58,682,832 6.13% P.54

(i) (ii) (iii) (iv) CCBVI 62.21% 336 XV 2 3 (1) (2) P.55

13.51B(1) 344,000 117,000 (i) 188,000 (i) 71,200 (i) 36,000 (i) P.56

126,600 (i) 76,800 (i) (i) (ii) 100,000 / 30,000 13.51B(1) P.57

13.22 13.22 13.16 13.16 (i) (ii) 8D International (BVI) Limited (A) 3.7 8D Matrix Limited (B) 19.6 Bright Future (HK) Limited (C) 5.6 Faith Crown Holdings Limited (D) 13.9 Hang Fok Properties Limited (E) 0.2 P&R Holdings Limited (F) 2,040.7 (H)7.8 (I)(i)1,224.0 (I)(ii)807.0 Yieldtop Holdings Limited (G) 0.8 (A) (I)(i) 3,316.3 (A) (H) (I)(ii) 2,899.3 8D International (BVI) Limited8D-BVI 30% 8D-BVI 10% 60% 8D-BVI 8D-BVI 8D Matrix Limited8D Matrix 30% 8D Matrix Bodhi and Friends 8D Matrix 10% 60% 8D Matrix 8D Matrix P.58

50% 90% 50% 10% Faith Crown Holdings Limited Faith Crown 50% Faith Crown 50% Faith Crown 30% 30% Faith Crown Faith Crown Faith Crown Faith Crown Hang Fok Properties LimitedHang Fok 50% Hang Fok 50% Hang Fok Hang Fok Hang Fok Hang Fok P&R Holdings / P&R Holdings P&R Holdings P&R Holdings P&R Holdings 1,562,600,000 4% 5% P&R Holdings P&R Holdings P&R Holdings 1,224,000,000 P&R Holdings P&R Holdings P&R Holdings P.59

(a) 3,316,300,000 (b) 2,899,300,000 24,333,800,000 (a)13.6% (b)11.9% 13.16 4,581.8 2,284.2 8,007.6 3,998.8 (3,363.0) (1,680.3) (7,638.7) (3,803.8) 1,587.7 798.9 (373.9) (186.9) 1,213.8 612.0 P&R Holdings Regal International (BVI) Holdings Limited P&R Holdings Prosper Harvest Investments Limited Prosper Harvest Prosper Harvest 46,520,000 Prosper Harvest 8 8A 10 10A 12 12A Prosper Harvest P&R Holdings Prosper Harvest Prosper Harvest Prosper Harvest 464,300,000 Prosper Harvest 46,500,000 208,900,000 P.60

50% P&R Holdings 23,250,000 Prosper Harvest P&R Holdings 208,900,000 Prosper Harvest P&R Holdings P&R Holdings 232,150,000 P&R Holdings P&R Holdings P&R Holdings 699.8 Prosper Harvest 6,298.3 340 P&R Holdings Prosper Harvest Prosper Harvest P&R Holdings P&R Holdings Prosper Harvest 50% P&R Holdings 50% 50% P&R Holdings 0.1% 5% P&R Holdings A 5% 25% P.61

Time Crest Investments Limited 100,000,000 Well Mount Investments Limited Well Mount 100,000,000 Well Mount 0.06 1,666,666,666 17.1% 2.8% 51.3% 62.2% 0.1% 5% P&R Holdings P.62

94,492,270 20,096,000 20,096,000 4.860 4.460 94,492,720 20,096,000 94,492,720 265,751 94,758,471 20,096,000 7,110,000 12,986,000 49.4% 40.9% 30% P&R Holdings P&R Holdings 50/50 P.63

5% P.64

2,700,000 (b) 5,885,600,000 100,800,000 648,000,000 P.65

P.66

(I) (1) (2) (II) GBS JP P.67

( ) 3.10 3.10A 3.13 3.13 / 15/15 4/4 15/15 4/4 15/15 4/4 15/15 4/4 15/15 4/4 15/15 4/4 13/15 4/4 GBS JP 15/15 4/4 15/15 4/4 15/15 4/4 15/15 4/4 15/15 4/4 P.68

( ) ( 622 A B A B A B A B A B A B A B GBS JP B A B A B B A B A / / / B / P.69

( ) (III) (a) GBS JP 2/2 GBS JP 2/2 2/2 2/2 2/2 P.70

( ) (b) 1/1 1/1 1/1 1/1 P.71

( ) 500,001 1,000,000 1 1,000,001 1,500,000 2 1,500,001 2,000,000 1 2,000,001 2,500,000 1 2,500,001 3,000,000 1 3,000,001 9,500,000 0 9,500,001 10,000,000 1 (c) P.72

( ) 1/1 1/1 1/1 1/1 (IV) (V) P.73

( ) (VI) (VII) 5,600,000 4,700,000 3,200,000 2,300,000 (1) 0.7 (2) 2.5 P.74

( ) (VIII) 68 11 P.75

3,570.0 2,330.9 (2,387.7) (1,156.6) 1,182.3 1,174.3 122.3 30.7 (196.5) (175.9) (48.8) (45.1) / (1.0) 61.1 137.2 1,058.3 1,182.3 (401.2) (380.0) 657.1 802.3 (300.2) (159.8) (5.4) (5.5) (5.7) (3.9) 345.8 633.1 (55.3) (47.3) 290.5 585.8 256.9 536.3 33.6 49.5 290.5 585.8 0.27 0.55 P.76

290.5 585.8 / / 1.2 (7.4) 23.2 6.1 (129.9) (1.3) (106.7) 36.9 1.3 (32.8) 4.6 3.2 0.5 0.4 / 7.9 (100.6) 298.4 485.2 265.1 428.0 33.3 57.2 298.4 485.2 P.77

13,704.2 13,845.2 947.0 948.0 2,664.5 1,597.3 21.1 27.6 9.1 4.7 23.4 5.9 18.9 2,344.0 2.3 19,695.8 16,467.4 790.6 788.0 33.6 25.3 1,237.4 843.2 188.4 210.8 580.9 730.3 6.4 14.2 51.9 44.2 431.5 321.9 857.3 1,739.2 445.8 625.6 4,638.0 5,328.5 (391.0) (382.6) (333.5) (81.5) (2.1) (43.0) (41.4) (767.5) (507.6) P.78

( ) 3,870.5 4,820.9 23,566.3 21,288.3 (13.9) (2.5) (5,171.9) (4,776.1) (4,223.5) (2,293.8) (4.1) (2.8) (1,041.1) (1,065.5) (10,454.5) (8,140.7) 13,111.8 13,147.6 94.4 96.4 (a) 11,579.7 11,542.4 100.8 96.4 11,774.9 11,735.2 1,336.9 1,412.4 13,111.8 13,147.6 P.79

100.1 852.4 7.5 113.3 17.1 (1.8) 65.2 10,298.9 90.1 11,542.8 1,460.3 13,003.1 536.3 536.3 49.5 585.8 / 1.2 1.2 1.2 (114.4) (114.4) 7.7 (106.7) 1.3 1.3 1.3 3.2 3.2 3.2 0.4 0.4 0.4 / (114.4) 1.2 4.9 536.3 428.0 57.2 485.2 1.6 (90.1) (88.5) (52.2) (140.7) (i) (3.7) (111.6) 3.7 (3.7) (115.3) (115.3) (0.6) (0.6) (31.8) (31.8) (52.3) (84.1) (96.4) 96.4 96.4 740.8 11.2 (1.1) 17.1 (0.6) 70.1 10,704.9 96.4 11,735.2 1,412.4 13,147.6 P.80

( ) 96.4 740.8 11.2 (1.1) 17.1 (0.6) 70.1 10,704.9 96.4 11,735.2 1,412.4 13,147.6 256.9 256.9 33.6 290.5 / (1.0) (1.0) (0.3) (1.3) 36.9 36.9 36.9 (32.8) (32.8) (32.8) 4.6 4.6 4.6 0.5 0.5 0.5 / (1.0) 9.2 256.9 265.1 33.3 298.4 (96.4) (96.4) (63.8) (160.2) (ii) (2.0) (92.8) 2.0 (2.0) (94.8) (94.8) 0.5 0.5 (3.1) (2.6) 13.6 13.6 (34.7) (34.7) (55.5) (90.2) (100.8) 100.8 94.4 648.0 13.2 (2.1) 17.6 (0.6) 79.3 10,824.3 100.8 11,774.9 1,336.9 13,111.8 P.81

345.8 633.1 300.2 159.8 11.1 9.4 (97.2) (25.5) 401.2 380.0 (8.3) (4.6) 48.8 45.1 / 1.0 (61.1) (0.6) 8.6 (137.2) (1.7) 0.9 1,011.2 997.6 / ) (8.3) 0.7 / ) (2.6) 126.3 (2,661.1) (645.0) (0.1) / 96.5 (39.6) (4.2) / (0.4) 18.5 / (1,568.9) 458.4 (3.4) (0.1) (74.7) (35.0) / (1,647.0) 423.3 P.82

( ) / (1,647.0) 423.3 (1.0) (255.7) (172.6) 0.5 (4.4) (1.2) 23.4 23.4 (532.7) (363.9) 555.1 198.2 (1,080.8) (21.3) 2.0 111.4 (36.8) (14.4) 38.1 58.0 20.6 8.3 4.6 (109.6) (20.3) (7.1) (12.4) 10.1 15.5 (1,331.6) (233.4) (ii) (94.8) (115.3) 1,930.0 2,312.1 5,743.6 5,172.0 (5,086.9) (5,622.9) (262.1) (146.9) (76.2) (94.7) (131.0) (120.2) (119.3) (104.5) (2.6) 13.6 / (0.6) 37.5 1,913.7 1,317.1 / (1,064.9) 1,507.0 2,364.8 855.2 3.2 2.6 1,303.1 2,364.8 445.8 625.6 857.3 1,739.2 1,303.1 2,364.8 P.83

6,653.5 6,877.6 0.2 0.2 0.9 0.8 1.1 1.0 (13.4) (4.5) (12.3) (3.5) 6,641.2 6,874.1 94.4 96.4 (b) 6,446.0 6,681.3 100.8 96.4 6,641.2 6,874.1 P.84

Regal Hotels International Holdings Limited 68 11 Century City International Holdings Limited. P.85

(i) (ii) (iii) (i) (ii) (iii). 1 7 10 11 12 10 11 12 13 1 19 27 28 36 20 1 7 10 11 12 1 36 10 11 12 13 19 10 11 12 1 36 (a) 10 27 12 10 (a) (b) (c) 10 P.86

10 10 (b) 11 31 13 11 28 11 (c) (d) (e) (f) 12 27 31 28 10 11 12 10 10 10 27 12 13 13 13 13 1 P.87

(g) (h) (i) 19 36 13 13 1 32 12 32 12 P.88

. 9 4 9 9 7 7 39 4 39 10 12 27 10 12 27 1 14 3 19 19 2 32 32 1 39 39 1 21 1 2 2 1 2 3 4 9 39 39 9 39 9 39 P.89

9 39 7 9 9 9 9 39 39 9 39 10 9 12 27 12 10 32 32. (a) (i) (ii) (iii) P.90

(b) 20% 5 (c) P.91

39 39 P.92

(d) (e) P.93

/ (f) 40 40 10% 20% 10% 25% 25% 60 72 P.94

(g) / (h) 39 39 P.95

P.96

(i) P.97

(j) (i) (ii) P.98

(k) 39 39 P.99

(l) (m) (n) P.100

(o) (p) P.101

(q) (i) (ii) (iii) (iv) (v) (vi) (vii) (r) P.102

(s) P.103

(t) (u) P.104

/ / P.105

(v) (i) (1) (2) (3) (ii) (1) (2) (3) (4) (5) (6) (i) (7) (i)(1) (w) (x) P.106

(y) (z) 4.374% (a) P.107

(b) (a) (b) (c) P.108

947,000,000 948,000,000 521,400,000 516,600,000 9,100,000 4,700,000 174,600,000 81,800,000 P.109

(a) (b) (c) (d) (e) / / / P.110

/ 2,003.4 1,991.0 1,470.2 296.0 55.0 7.3 41.4 36.6 3,570.0 2,330.9 95.3 88.6 3.3 3.4 (98.6) (92.0) 2,003.4 1,991.0 95.3 88.6 1,473.5 299.4 55.0 7.3 41.4 36.6 (98.6) (92.0) 3,570.0 2,330.9 942.7 941.3 (14.3) (11.7) 168.4 193.3 7.5 (32.9) 3.2 (0.4) 1,107.5 1,089.6 (394.2) (379.0) (0.1) (0.2) (0.1) (6.7) (0.7) (401.1) (379.9) 548.5 562.3 (14.3) (11.8) 168.2 193.2 7.5 (32.9) (3.5) (1.1) 706.4 709.7 20.3 149.4 (69.6) (56.8) 657.1 802.3 (300.2) (159.8) (5.4) (5.5) (5.4) (5.5) (1.0) (0.8) (0.4) (4.7) (2.7) (5.7) (3.9) 345.8 633.1 (55.3) (47.3) 290.5 585.8 256.9 536.3 33.6 49.5 290.5 585.8 P.111

15,878.3 14,150.3 42.7 44.1 2,955.0 2,184.6 826.2 1,009.9 200.8 93.4 (42.3) (43.7) 19,860.7 17,438.6 2,664.5 1,597.3 2,664.5 1,597.3 6.1 6.6 (0.7) 17.6 15.7 3.4 21.1 27.6 1,787.5 2,732.4 24,333.8 21,795.9 (359.4) (335.8) (1.7) (1.5) (5.7) (35.8) (10.7) (2.2) (22.6) (16.5) 42.3 43.7 (357.8) (348.1) (10,864.2) (8,300.2) (11,222.0) (8,648.3) (40.7) (2.6) (29.2) (9.1) (8.9) (4.7) 0.9 48.8 43.0 / (18.0) (17.7) 19.0 (43.4) 157.2 102.2 0.1 0.7 0.6 102.7 81.8 P.112

(a) 2,050.5 2,278.7 1,506.3 52.2 13.2 3,570.0 2,330.9 (b) 15,878.8 14,957.1 2,231.4 1,379.2 174.6 81.8 18,284.8 16,418.1 1,460,700,000 286,500,000 P.113

1,959.8 1,956.6 29.2 37.8 38.5 29.3 13.6 13.4 13.2 8.6 2.7 32.8 5.3 8.3 4.6 1,460.7 286.5 3,570.0 2,330.9 18.2 8.9 73.7 16.6 27.1 3.3 5.2 122.3 30.7 P.114

/ # 2,387.7 1,156.6 717.1 679.1 401.2 380.0 (4.0) (2.4) 0.9 * 551.0 516.8 26.0 22.8 (1.1) (1.1) 24.9 21.7 575.9 538.5 / 45.8 (45.9) 15.1 88.9 (12.1) 2.1 48.8 45.1 16.8 14.5 0.3 0.3 17.1 14.8 (65.3) (42.7) 9.8 4.9 (55.5) (37.8) (0.6) 5.6 4.7 # * 482,800,000 452,700,000 P.115

110.3 106.7 156.8 20.2 6.1 7.3 60.8 23.6 3.1 2.0 337.1 159.8 (36.9) 300.2 159.8 161 2.3 2.0 15.8 14.9 / 2.4 2.7 1.1 1.0 21.6 20.6 P.116

(a) 0.15 0.15 0.21 0.20 0.15 0.08 0.21 0.20 0.26 0.25 0.98 0.88 100,000 50,000 30,000 30,000 980,000 880,000 P.117

(b) / 0.26 8.46 0.81 0.39 9.92 0.20 1.31 0.27 0.13 1.91 0.10 2.08 0.48 0.21 2.87 0.20 0.80 0.18 0.08 1.26 0.20 0.61 0.13 0.06 1.00 0.25 1.60 0.33 0.13 2.31 0.10 0.94 0.20 0.09 1.33 1.31 15.80 2.40 1.09 20.60 0.25 8.25 0.92 0.37 9.79 0.10 1.96 0.62 0.19 2.87 0.20 0.75 0.22 0.07 1.24 0.20 0.35 0.09 0.03 0.67 0.13 1.19 0.30 0.12 1.74 0.14 1.56 0.39 0.13 2.22 0.10 0.80 0.20 0.08 1.18 1.12 14.86 2.74 0.99 19.71 (i) 30,000 (ii) 100,000 100,000 100,000 50,000 P.118

(i) 30,000 (ii) 100,000 100,000 100,000 100,000 50,000 1.8 1.6 / 0.3 0.3 0.1 0.1 2.2 2.0 2,000,001 2,500,000 2,000,001 2,500,000 P.119

63.6 76.0 (0.3) (1.1) 16.2 1.1 / 0.2 (0.9) (24.4) (27.8) 55.3 47.3 16.5%16.5% P.120

345.8 633.1 57.1 104.5 (0.1) (2.0) 1.8 1.6 / (7.6) 0.2 (20.2) (53.1) 20.4 22.9 (16.1) (28.3) 20.4 2.6 (0.4) (1.1) 16.0%7.5% 55.3 47.3 28,400,000 7,000,000 4,700,000 (b) P.121

3.6 3.3 34.7 31.8 10.8 10.0 100.8 96.4 135.5 128.2 (a) 256,900,000 536,300,000 962,500,000 979,400,000 (b) P.122

14,387.0 5.3 138.6 125.3 2.8 81.8 30.3 14,771.1 (842.1) (2.6) (40.5) (38.5) (2.2) (925.9) 13,544.9 2.7 98.1 86.8 0.6 81.8 30.3 13,845.2 13,544.9 2.7 98.1 86.8 0.6 81.8 30.3 13,845.2 103.6 54.3 98.5 4.3 260.7 23.4 6.9 (30.3) (0.6) (0.6) 0.1 0.1 (345.9) (0.1) (19.8) (29.4) (0.3) (5.7) (401.2) 13,199.0 2.6 205.3 118.1 0.3 174.6 4.3 13,704.2 14,387.0 5.3 265.6 185.9 2.8 180.3 4.3 15,031.2 (1,188.0) (2.7) (60.3) (67.8) (2.5) (5.7) (1,327.0) 13,199.0 2.6 205.3 118.1 0.3 174.6 4.3 13,704.2 P.123

14,387.0 5.3 109.2 83.3 2.5 14,587.3 (496.2) (2.4) (26.2) (19.2) (1.9) (545.9) 13,890.8 2.9 83.0 64.1 0.6 14,041.4 13,890.8 2.9 83.0 64.1 0.6 14,041.4 29.4 42.0 0.3 81.8 30.3 183.8 (345.9) (0.2) (14.3) (19.3) (0.3) (380.0) 13,544.9 2.7 98.1 86.8 0.6 81.8 30.3 13,845.2 14,387.0 5.3 138.6 125.3 2.8 81.8 30.3 14,771.1 (842.1) (2.6) (40.5) (38.5) (2.2) (925.9) 13,544.9 2.7 98.1 86.8 0.6 81.8 30.3 13,845.2 7,044.6 7,107.0 6,157.0 6,440.6 13,201.6 13,547.6 8,671,900,000 13,709,600,000 P.124

948.0 886.0 0.9 / (1.0) 61.1 947.0 948.0 180.0 162.0 767.0 786.0 947.0 948.0 947,000,000 (a) 13,600,000 13,400,000 1,900,000 1,300,000 303,000,000 413,000,000 181 182 P.125

767.0 767.0 180.0 180.0 947.0 947.0 786.0 162.0 / (19.0) 18.0 767.0 180.0 25,131 36,272 3.25% 3.75% 6.25% 6.75% 403 1,465 P.126

/ / / / 620.7 621.5 (18.6) 2,054.6 975.8 7.8 2,664.5 1,597.3 (i) 273,500,000 191,800,000 4.0% (ii) 1,289,100,000 5% P.127

Faith Crown Holdings 50 (1) 50 (1) Limited 1 Faith Crown P&R Holdings Limited 50 (2) 50 (2) 1 P&R Holdings (1) Faith Crown 30%30% Cosmopolitan International Holdings Limited (2) P&R Holdings Paliburg Holdings Limited 50:50 / P&R Holdings P.128

Faith Crown P&R Holdings Faith Crown 1,208.7 979.5 200.0 (0.1) (40.6) (40.7) (27.8) (27.2) 1,140.2 1,152.3 50% 50% 570.1 576.2 13.9 14.4 584.0 590.6 17.8 (40.6) (8.3) (3.1) / (3.8) 1.1 (12.1) (2.0) P.129

P&R Holdings 3,325.2 2,716.7 706.8 350.3 7,272.9 833.7 7,979.7 1,184.0 (1,263.7) (1.2) (2,035.6) (240.9) (3,299.3) (242.1) (7,111.1) (2,698.2) (419.7) (500.4) 474.8 460.0 101.3 90.7 50% 50% 50.6 45.3 (18.6) 2,040.7 961.4 7.8 2,080.5 1,006.7 9.4 7.7 0.1 (0.5) (0.3) (74.8) (16.2) (11.7) (11.0) 6.9 6.5 (4.8) (4.5) P.130

P&R Holdings 1,900,000,000 1,900,000,000 P&R 751,600,000 961,400,000 315,900,000 961,400,000 P&R 1,224,000,000 577,300,000 P&R Holdings 942,300,000 577,300,000 P&R 1,550,000,000 P&R Holdings 1,289,100,000 5% P&R Holdings 650.6 470.8 1,189.6 294.6 1,840.2 765.4 (9.5) (4.3) 30.6 31.9 21.1 27.6 P.131

/ 8D International 1,000 30.0 30.0 (BVI) Limited 8D-BVI # 500,000 36.0 (1) 36.0 (1) 8D Matrix Limited 8D Matrix 2,000,000 36.0 (1) 36.0 (1) * 10,000 50.0 50.0 # 1 36.0 (1) 36.0 (1) / 36.0 (1) 36.0 (1) # * 30,000,000 Hang Fok Properties Limited Hang Fok Yieldtop Holdings Limited Yieldtop 100 50.0 50.0 100 50.0 50.0 * # 8D Matrix (1) 8D-BVI 6% P.132

8D Matrix 8D Matrix 8D Matrix 21.1 2.1 25.1 8.8 (6.1) (2.4) (65.3) (18.3) (25.2) (9.8) (25.4) (10.0) 30% 30% (7.6) (3.0) 19.6 5.5 12.0 2.5 10.5 8.0 (15.5) (8.9) (1.1) (1.2) 0.5 0.4 (0.6) (0.8) 9.1 25.1 P.133

9.1 4.7 1,200,000 23.4 496.2 261.6 49.9 13.6 25.8 58.8 396.3 9.0 580.9 730.3 580.9 753.7 P.134

141,450,000 0.205 690,000,000 0.2 0.04 141,450,000 0.04 3,536,300,000 100,000,000 0.6 166,700,000 100,000,000 0.6 166,700,000 0.3 0.06 200,000,000 0.06 3,333,300,000 2.8% 32.8% 100,000,000 P.135

P&R Holdings P&R Holdings 10,000,000 78,000,000 28% 20,000,000 22,800,000 12,300,000 18,900,000 6,400,000 33.6 25.3 324,100,000 322,300,000 P.136

1,502,900,000 140,700,000 1,505.1 142.9 (2.2) (2.2) 1,502.9 140.7 1,372,700,000 5% 30 90 110.1 118.1 1,382.0 6.6 3.9 7.1 9.1 11.1 1,505.1 142.9 (2.2) (2.2) 1,502.9 140.7 P.137

2.2 1.3 0.9 2.2 2.2 2,200,000 2,200,000 2,200,000 2,200,000 1,444.0 77.7 39.9 41.0 8.4 6.2 3.8 6.1 6.8 9.7 1,502.9 140.7 3,361,200,000 4,200,000 1,000,000 P.138

38,800,000 1.1% 3.175% 2.4% 3.1% 51,900,000 44,200,000 77,100,000 74,600,000 76.4 73.1 0.2 1.1 0.1 0.5 0.3 77.1 74.6 30 60 3,000,000 2,000,000 2,700,000 2,000,000 P.139

333.5 81.5 5,171.9 4,776.1 5,505.4 4,857.6 333.5 81.5 327.8 4.8 4,844.1 4,771.3 5,505.4 4,857.6 4,500,000,000 HIBOR 2.1% 3,000,000,000 4,500,000,000 300,000,000 HIBOR 4,500,000,000 150,000,000 P.140

340,000,000 HIBOR 327,400,000 7,200,000 320,200,000 (i) (ii) (iii) (iv) (v) 170,800,000 0.75% HIBOR 1.5% HIBOR 0.98% 170,800,000 4,223.5 2,293.8 RH International Finance Limited 1,000,000,000 P.141

300,000,000 4.25% 99.444% R-REIT International Finance Limited 1,000,000,000 775,000,000 4.125% 99.44% 150,000,000 4.10% 99.553% 14.2 4.1 2.8 2.1 4.1 4.9 (4.1) (2.8) 2.1 3,000,000,000 3,000,000,000 0.355% 0.483% 0.355% 0.483% P.142

12,100,000 2,100,000 (1,104.0) 10.7 (1,093.3) / 31.6 (3.8) 27.8 / (1,072.4) 6.9 (1,065.5) / 25.2 (0.8) 24.4 / (1,047.2) 6.1 (1,041.1) 3,160,200,000 3,131,100,000 521,400,000 516,600,000 10% 5% 10% P.143

18,000,000 6,000,000 2,000,000,000 2,000,000,000 0.10 200.0 200.0 100,000 5 1 /4 10 1.3 1.3 201.3 201.3 944,000,000 964,100,000 0.10 94.4 96.4 648.0 740.8 P.144

2,000.0 200.0 1,001.4 100.1 852.4 (i) (37.3) (3.7) (111.6) 2,000.0 200.0 964.1 96.4 740.8 (ii) (20.1) (2.0) (92.8) 2,000.0 200.0 944.0 94.4 648.0 5¼ 10 0.1 1.3 201.3 94.4 648.0 201.3 96.4 740.8 P.145

(i) 111,600,000 (ii) 20,096,000 7,110,000 12,986,000 92,800,000 20,096,000 4.860 4.460 94,492,720 20,096,000 94,492,720 265,751 94,758,471 P.146

(i) / (ii) (i) (ii) (iii) (iv) (v) (vi) (vii) (iii) P.147

(iv) 12 1% (v) 10 (vi) (vii) (viii) (i) (ii) (iii) (ix) P.148

(a) 80 81 (b) 852.4 7.5 6,064.3 6,924.2 (i) (111.6) 3.7 (3.7) (111.6) (4.7) (4.7) 1.6 1.6 (31.8) (31.8) (96.4) (96.4) 740.8 11.2 5,929.3 6,681.3 (ii) (92.8) 2.0 (2.0) (92.8) (7.0) (7.0) (34.7) (34.7) (100.8) (100.8) 648.0 13.2 5,784.8 6,446.0 P.149

5,552.2 5,552.2 1,101.3 1,325.4 6,653.5 6,877.6 / / / (1) / 375,000 100 100 Aim Success Investments Limited 1 100 100 2 100 100 Big Result Investments Limited 1 100 100 Camomile Investments Limited 2 100 100 10,000 100 100 10,000 100 100 Complete Success Investments Limited 1 100 100 P.150

/ / / 2 100 100 Favour Link International Limited 1 100 100 Favourite Stock Limited 1 100 100 Flexi Sky Limited 1 100 100 2 100 100 1 100 (3) 2 100 Gaud Limited 2 100 100 1 100 1 100 Great Prestige Investments Limited 1 100 100 1 100 100 2 100 100 Harvest Crown International Invest Limited 1 100 100 2 100 100 P.151

/ / / 2 100 100 Kaybro Investments Limited 1 100 100 1 100 100 Million Sharp International Limited 1 100 100 1 100 100 PBL0781 Limited 2,000 100 100 PBL1017 Limited 2,000 85 Prosper Harvest Investments Limited 1 100 (3) Regal Contracting Agency Limited 1 100 100 2 100 100 2 100 100 100 100 1,151,598,638 P.152

/ / / 100,000 100 100 Regal Hotels Management (BVI) Limited / 1 100 100 Regal International Limited 20 100 100 Regal International (BVI) 10.1 100 100 Holdings Limited 11,611,937 100 100 2 100 100 RH International Finance Limited / 1 100 100 R.H.I. Licensing B.V. 40,000 100 100 1 100 Speedy Track Limited 1 100 100 Success Path Investments Limited 1 100 100 P.153

/ / / Tenshine Limited 2 100 100 Time Crest Investments Limited 1 100 (3) Unicorn Star Limited 1 100 100 Valuegood International Limited (3) 1 100 1 100 100 Well Mount Investments Limited 1 100 (3) Will Smart Investments Limited 1 100 100 (1) / 100,000 100 100 (4) / 1,100,000,000 100 (1) / 140,000 100 100 3,257,431,189 74.58 74.55 P.154

/ / / (2) 2 74.58 74.55 Cityability Limited (2) 10,000 74.58 74.55 (2) 2 74.58 74.55 Regal Asset Holdings Limited (2) / 12,000 74.58 74.55 (2) 2 74.58 74.55 Rich Day Investments Limited (2) 1 74.58 74.55 (2) 100,000 74.58 74.55 Sonnix Limited (2) 2 74.58 74.55 (1) (2) (3) P&R Holdings (4) P.155

Regal International (BVI) Holdings Limited 25.42% 25.45% 34.4 49.5 119.3 104.5 1,323.4 1,411.7 867.0 844.4 135.2 194.4 133.9 224.9 14,632.6 13,871.6 1,175.0 169.8 (335.6) (117.9) (7,730.5) (5,846.9) 606.7 470.7 (2,115.8) (82.6) / 1,531.9 (386.5) 22.8 1.6 P.156

(a) / (0.6) (b) 145,600,000 94,700,000 (a) / (i) 24.1 20.9 / (ii) 2.3 2.8 (iii) 2.0 1.6 (iv) 1.5 4.9 (v) 10.0 8.1 (vi) 1.0 (vii) 65.9 8.8 P.157

(i) (ii) (iii) (iv) (v) / / / / / (vi) (vii) i) 4% 5% 4% ii) 5% iii) 4.3047% P.158

(b) (i) 1.0 (i) 3,361.2 4.2 (ii) (3.0) (2.0) (ii) (2.7) (2.0) (iii) 2,054.6 975.8 (iii) 7.8 (iv) 30.6 31.9 (i) (ii) (iii) (iv) (c) 25.0 23.0 1.5 1.3 26.5 24.3 P.159

(a)(i) A 14A.33(2) (a)(ii) A 14A.31(2)(a) (a)(iii) 14A.31(2)(a) (a)(iii) 14A.33(3)(a) (a)(iv) 14A.31(2)(a) (a)(iv) 14A.33(3)(a) (a)(v) (vi) 14A.33(3)(a) (a)(vii) (a) P.160

428,500,000 380,000,000 9,500,600,000 14,444,900,000 7,755.0 7,752.0 420.0 409.0 1,224.0 577.3 1,224.0 577.3 1,224.0 577.3 9,399.0 8,738.3 300,000,000 2,326,500,000 300,000,000 2,325,600,000 420,000,000 77,000,000 807,000,000 317,300,000 P.161

(a) 1 6 1 3 78.8 32.9 175.1 20.9 4.9 258.8 53.8 (b) 1 12 1 5 P.162

12.4 10.3 32.5 26.8 23.1 25.6 68.0 62.7 0.3 0.3 0.2 0.4 0.5 0.7 68.5 63.4 (b) 674.9 37.6 40.0 37.6 714.9 P.163

12.3 12.3 1,502.9 1,502.9 118.9 118.9 9.0 571.9 580.9 14.2 14.2 9.1 9.1 188.4 188.4 51.9 51.9 431.5 431.5 857.3 857.3 445.8 445.8 9.0 586.1 9.1 3,420.6 188.4 4,213.2 P.164

77.1 77.1 281.5 281.5 4.1 4.1 5,505.4 5,505.4 4,223.5 4,223.5 4.1 10,087.5 10,091.6 18.9 18.9 140.7 140.7 688.3 688.3 419.7 334.0 753.7 4.7 4.7 210.8 210.8 44.2 44.2 321.9 321.9 1,739.2 1,739.2 625.6 625.6 419.7 334.0 4.7 3,578.8 210.8 4,548.0 P.165

74.6 74.6 277.8 277.8 2.1 2.8 4.9 4,857.6 4,857.6 2,293.8 2,293.8 2.1 2.8 7,503.8 7,508.7 0.9 0.8 13.4 4.5 P.166

9.1 9.1 496.2 496.2 75.7 75.7 9.0 9.0 14.2 14.2 496.2 98.9 9.1 604.2 P.167

4.7 4.7 285.0 285.0 72.4 72.4 396.3 396.3 285.0 468.7 4.7 758.4 4.7 3.5 4.4 1.2 9.1 4.7 4.1 4.1 P.168

4.9 4.9 P.169

100 24,000,000 19,100,000 10 2,400,000 1,900,000 100 31,500,000 61,900,000 10 4,600,000 6,300,000 / P.170

443.6 5,821.7 6,265.3 158.8 4,826.0 4,984.8 77.1 77.1 807.0 807.0 275.3 6.2 281.5 3.5 0.6 4.1 1,765.3 10,654.5 12,419.8 P.171

207.6 4,971.8 5,179.4 79.0 2,721.0 2,800.0 74.6 74.6 317.3 317.3 275.3 2.5 277.8 2.1 2.8 4.9 955.9 7,698.1 8,654.0 2,326.5 2,325.6 420.0 77.0 807.0 317.3 13.4 4.5 3,566.9 2,724.4 P.172

5% * 496.2 24.8 9.1 0.5 285.0 14.3 396.3 15.1 4.7 0.2 * P.173

9,728.9 7,151.4 (1,786.5) (2,730.9) 7,942.4 4,420.5 24,333.8 21,795.9 32.6% 20.3% 1,581,100,000 1,580,000,000 1,100,000 Tristan Limited 790,000,000 (a) 632,000,000 (b) 158,000,000 HIBOR P.174

Regal Hotels International Holdings Limited Regal Hotels International Holdings Limited 76 174 90 P.175

( ) 1 22 P.176

/ (1) 88 53,126 571,848 12 5,557 59,816 100 (2) 132 140 472 5,076 7,776 83,700 248 50 (3) 5 7 169 171 345 3,710 5,236 56,360 98 50 (4) 14 20 457 4,915 6,849 73,721 338 50 P.177

( ) (5) 8 8A 10 10A 12 12A 700 7,535 6,298 67,790 50 (6) 124 4309 11,192 120,470 11,192 120,470 36 134 50 (7) 56A 578 17,746 188,100 136 21 50 32,474 349,547 (8) 482 5,090 54,788 15,270 164,364 50 P.178

( ) (9) / 111,869 1,204,148 497,000 5,349,700 33.76 306 340 3 45,500 490,000 176,516 1,900,000 139,355 1,500,000 P.179

( ) (10) / / / 31,700 341,216 145,000 1,560,800 33.76 P.180

( ) (1) 100 88 7 (2) 74.58 9 (3) 74.58 88 (4) 74.58 71 (5) 74.58 30-38 21-25 / 40-42 / 15-29 3-11 5-7 1 P.181

( ) (6) 74.58 34-36 (7) / 74.58 211 A B C 3 5 12 15 23 25 29 (8) 50 9 10 14 P.182

3,570.0 2,330.9 2,037.2 1,502.7 1,381.2 1,058.3 1,182.3 27.4 7,471.7 113.2 (401.2) (380.0) (365.5) (159.4) (6.4) (300.2) (159.8) (190.5) (86.4) (4.9) (5.4) (5.5) 623.4 (1.8) (2.3) (5.7) (3.9) 52.2 (159.3) 361.1 345.8 633.1 147.0 7,064.8 460.7 (55.3) (47.3) (16.3) (74.0) (12.7) 290.5 585.8 130.7 6,990.8 448.0 256.9 536.3 107.9 6,928.8 448.0 33.6 49.5 22.8 62.0 290.5 585.8 130.7 6,990.8 448.0 P.183

( ) 13,704.2 13,845.2 14,041.4 13,879.6 38.2 947.0 948.0 886.0 1,379.5 805.0 2,664.5 1,597.3 1,689.6 182.5 176.6 21.1 27.6 16.7 10.1 601.8 9.1 4.7 18.0 23.4 508.6 636.5 358.0 5.9 18.9 17.6 13.3 13.3 1,000.0 2,344.0 2.3 4,638.0 5,328.5 2,682.9 3,689.7 2,237.9 24,333.8 21,795.9 19,860.8 19,791.2 5,230.8 (767.5) (507.6) (5,137.3) (520.5) (490.0) (13.9) (2.5) (5,171.9) (4,776.1) (627.1) (4,943.3) (246.8) (4,223.5) (2,293.8) (4.1) (2.8) (142.4) (1,041.1) (1,065.5) (1,093.3) (1,102.4) (11,222.0) (8,648.3) (6,857.7) (6,708.6) (736.8) (1,336.9) (1,412.4) (1,460.3) (1,546.6) (1.3) P.184