2 3 4 6 10 13 17 26 33 34 35 36 37 38 86

AHKSA, CPA, FCCA, ACS, ACIS AHKSA, CPA, FCCA, ACS, ACIS AHKSA, CPA, FCCA, ACS, ACIS Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 1 9 10 200 36 3611 88 1 35 28 451602 233 1 Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road, George Town Grand Cayman KY1-1110 Cayman Islands 183 22 733 www.hopefluent.com 2

12% 12% 2015 22% 2014 23% 66% 65% 134,274 1,042,782 1,280,236 1,573,736 186,523 216,089 147,121 223,330 2,144,877 2,238,288 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 3

年內回顧 本集團擁有超過 二十五間分公司 服務超過一百五十個城市 目前 本集團已成為一眾知名發展商 如新鴻基 萬科 恒大 保利 華潤 中信 僑鑫 招商 富力 雅居樂 合景泰富 星河灣 金地及新世 界中國等的緊密合作夥伴 本集團將繼續積極深化客戶拓展與服務 致力爭取更多不同地區的代理項目 進 一步鞏固在國內房地產服務市場的領先地位

41 12% 52% 6

+ 13.7% 900 150 290 310 (P2P) (www.hfmoney.com) 19.9%300 7

(www.ihk.cn), APP 8

66 60 55 51 51NYSE: SFUN Teleres Dow Jones & Co. AEGON USAsia Development and Finance Corporation (Indiana University) 00650 A 002285 50 65 67 10

62 50 44 51 44 38 44 48 45 11

47 43 48 37 42 54 46 61 52(University of Bristol) (China Law Society) 12

12% 52% 33.727.5 66% 22% 12% 51%49% 13

(a) 180,000 12% 13.7% 150 900850 (b) + (www.ihk.cn) APP (a) 43,00039,000 310 (b) O2O 14

19.9% 300 4.643.90 39,000,000 222,000,000 1.36%7.82% 218,400,0005.39 24,000,000 2.2057 10,880,899 146,400,000 15

73,000,000 17,10010 0.01667,998,808 16

14 10 3.13 17

4/4 1/1 3/4 1/1 4/4 1/1 4/4 1/1 4/4 1/1 4/4 1/1 4/4 1/1 ) 0/3 0/1 14 3 18

19

4/4 4/4 4/4 (a) (b) (c) (d) 20

B.1.2(c)(ii) 1/1 1/1 1/1 13 21

1/1 1/1 1/1 1/1 1/1 22

23

3,300,000 200,000 3,500,000 3.29 15 (2) 20036 3611 24

1410 2120 info@hopefluent.com.hk 58 88 (7) (7) 13.51(2) www.hopefluent.com 25

38 34 2.51 16,700,0005,237,000 5.53 613 (i) 18322 (ii) 18322 (i) (ii) 2,047,000 17 26

26,643,000 18 29 28 796,000,000 22 27

352 (i) 0.01 2 11,036,334 219,184,799 1 230,221,133 34.46% 832,334 832,334 0.12% 3,984,000 3,984,000 0.60% 3,920,000 3,920,000 0.59% 296,000 296,000 0.04% 111,935,037 3 111,935,037 16.76% 1. 174,184,79945,000,000 Fu s Family Limited China-net Holding Ltd. Fu s Family Limited 70% 15% 15% China-net Holding Ltd. 2. 3. Caldstone Enterprises Limited Seletar Limited Serangoon Limited Next Decade Investments Limited Media Partner Technology Limited 28

(ii) Fu s Family Limited1.00 70 70% 15 15% 15 15% (iii) China-net Holding Ltd.1.00 100 100% 34 4,400,000 (416,000) 3,984,000 3,920,000 3,920,000 296,000 296,000 2,856,000 2,856,000 2.55 2.48 2.55 2.48 2.55 2.48 2.55 2.48 11,472,000 (416,000) 11,056,000 11,056,0001.66% 2.48 2.72 29

336 1 231,053,467 34.59% Fu s Family Limited 1 174,184,799 26.08% China-net Holding Ltd. 1 45,000,000 6.74% 2 111,935,037 16.76% Media Partner Technology Limited 2 111,935,037 16.76% Next Decade Investments Limited 2 111,935,037 16.76% 2 111,935,037 16.76% Caldstone Enterprises Limited 2 111,935,037 16.76% Seletar Limited 2 111,935,037 16.76% Serangoon Limited 2 111,935,037 16.76% 30

PYN Elite Fund 39,854,320 5.97% 39,296,000 5.88% 1. Fu s Family Limited 174,184,79911,036,334 832,334 45,000,000China-net Holding Ltd. 2. Caldstone Enterprises Limited Seletar Limited Serangoon Limited Next Decade Investments Limited Media Partner Technology Limited 3.00 China-net Holding Ltd.China-net42,000,000 420,000 91,000,000 910,000 3.00(i) 2.63 14.07% (ii) 2.59 15.83%(iii)2.57 16.73%2.97 395,000,000120,000,000 85,000,000 190,000,000 China-net 30% 31

3.13 30% 5% 25% 32

34 85 33

7 2,760,202 2,466,784 9 14,291 10,619 31 61,112 2,047 (5,445) (2,033,966) (1,759,783) (435,634) (417,722) (14,709) (10,358) (4,634) (6,253) 10 (30,334) (42,353) 318,375 235,489 11 (91,282) (83,344) 12 227,093 152,145 (127,924) (8,470) 99,169 143,675 223,330 147,121 3,763 5,024 227,093 152,145 96,724 138,839 2,445 4,836 99,169 143,675 16 33.7 27.5 33.7 27.5 34

17 69,787 72,000 18 184,289 215,840 19 15,220 16,178 20 127,669 269,296 431,687 21 997,808 994,766 22 253,619 229,022 23 267,916 77,998 24 29,705 5,006 25 1,049,732 1,100,401 2,598,780 2,407,193 26 405,400 246,806 116,036 116,578 27 39,053 51,572 28 202,372 560,489 617,328 2,038,291 1,789,865 2,307,587 2,221,552 29 6,680 6,567 2,231,608 2,138,310 2,238,288 2,144,877 18,148 20,372 2,256,436 2,165,249 30 51,151 56,303 2,307,587 2,221,552 34 85 35

( i) ( ii) 5,010 377,447 38,242 5,760 68,197 151,453 10,104 11,649 905,874 1,573,736 40,958 1,614,694 (8,282) (8,282) (188) (8,470) 147,121 147,121 5,024 152,145 (8,282) 147,121 138,839 4,836 143,675 14 4,412 (927) 3,499 3,499 15 (26,185) (26,185) (26,185) 213 57,432 (7,282) 50,363 50,363 1,330 397,670 399,000 399,000 (1,550) (1,550) (1,550) 1,537 1,537 (25,422) (23,885) (6,122) 11,760 5,638 5,638 34 (1,487) 1,487 8,311 (8,311) 6,567 809,226 30,960 5,760 76,508 143,171 7,690 5,527 1,059,468 2,144,877 20,372 2,165,249 (126,606) (126,606) (1,318) (127,924) 223,330 223,330 3,763 227,093 (126,606) 223,330 96,724 2,445 99,169 4 1,335 (279) 1,060 1,060 15 (36,740) (36,740) (36,740) 109 34,161 (4,351) 29,919 29,919 260 260 28 (26,609) 26,609 2,448 2,448 (4,929) (2,481) 14,204 (14,204) 6,680 807,982 5,760 90,712 16,565 7,411 5,527 1,297,651 2,238,288 18,148 2,256,436 (i) (ii) 10% 50% 36

318,375 235,489 42,637 55,392 7,209 7,898 (22) 1,049 30,334 42,353 4,634 6,253 (2,047) 5,445 (61,112) 4,067 303 533 551 632 414 (6,121) (2,640) (709) (383) 338,410 352,124 (71,000) (124,683) (39,290) 9,792 (53,930) (7,036) (30,456) 3,997 178,478 57,049 322,212 291,243 (86,608) (57,142) 235,604 234,101 6,121 2,640 709 383 31 35,230 2,925 2,865 24,002 (26,643) (47,462) 18,342 (17,572) 399,000 1,060 3,499 40,244 51,378 260 (2,481) (23,885) (1,550) (12,467) (12,406) (36,740) (26,185) (50,000) (48,625) (190,320) (250,444) 341,226 3,502 557,755 1,100,401 546,080 (54,171) (3,434) 1,049,732 1,100,401 37

1. 38 2. 19 9 1 14 2 15 1 11 3 1 3 16 3 38 3 16 3 41 27 3 10 28 4 10 3 12 28 1 2 3 4 38

2. 15 15 15 18 11 15 15 1515 15 15 3. 622 39

3. 2 17 236 40

3. (i)(ii) 39 41

3. 1219 2 5 42

3. 39 36 36 43

3. 39 44

3. 45

3. 46

3. 47

3. 48

3. 6c 30 120 49

3. 50

3. 51

3. 4. 3 997,808,00034,176,000 994,766,00026,967,000 253,619,0003,466,000229,022,000 3,488,000 52

4. 184,289,000215,840,000 15,220,00016,178,000 19 6c 17 53

5. 27 2825 6. 6a. 2,504,066 2,355,792 29,705 5,006 75,856 286,237 6b. 8,065 1,149 54

6. 6b. 5%5% 5%5% 5%5%5%5% 5%5% 302 43 2525 2525 1,755,0001,973,000 55

6. 6b. 5%5% 1,144,000 209,000 100% 100% 6.3%7.6% 2.0%2.1% 56

6. 6b. 39,053,00051,572,000 % 36,803 36,803 36,803 4.79 159 302 40,164 40,625 39,053 36,962 302 40,164 77,428 75,856 % 32,293 32,293 32,293 7.8 342 650 53,964 54,956 51,572 22.38 4,555 226,074 230,629 202,372 32,635 5,205 280,038 317,878 286,237 57

6. 6c. 29,705 5,006 7. 2,553,975 2,296,120 371,702 316,832 2,925,677 2,612,952 (165,475) (146,168) 2,760,202 2,466,784 58

8. 1,814,670 595,014 350,518 2,760,202 255,626 32,716 51,022 339,364 14,291 61,112 (63,471) (4,634) 2,047 (30,334) 318,375 1,595,921 578,742 292,121 2,466,784 274,556 32,936 20,104 327,596 10,619 (48,675) (6,253) (5,445) (42,353) 235,489 59

8. 3 9,812 15,336 796 699 26,643 22,873 17,954 1,540 270 42,637 7,209 7,209 (22) (22) 291 199 43 533 29,865 15,396 2,164 37 47,462 24,162 29,009 1,666 555 55,392 7,898 7,898 1,049 1,049 (36) 558 29 551 60

8. 10% 9. 3,776 3,421 3,685 4,175 6,121 2,640 709 383 14,291 10,619 10. 3,691 1,581 28 26,643 40,772 30,334 42,353 61

11. 93,158 75,266 30 (1,876) 8,078 91,282 83,344 25% 3.25%2.5% 3.25% 318,375 235,489 25% 79,594 58,872 1,159 1,563 14,683 17,262 (15,866) (159) 407 (37) 11,822 5,729 (1,557) (675) 1,040 789 91,282 83,344 30 62

12. 13 8,752 9,463 1,653,734 1,406,124 122,964 101,930 1,785,450 1,517,517 3,659 2,605 42,637 55,392 7,209 7,898 (22) 1,049 533 551 4,067 303 632 414 13. 84 168 240 492 2,385 1,785 1,786 2,250 8,206 18 18 18 54 2,385 1,803 1,804 2,268 84 168 240 8,752 63

13. 79 159 230 468 2,532 2,142 2,254 2,010 8,938 6 17 17 17 57 2,538 2,159 2,271 2,027 79 159 230 9,463 840,000840,000 14. 13 684 956 15 684 971 1,000,000 1 1 64

15. 2.5 1 16,700 5,237 3 4 20,040 20,948 36,740 26,185 5.5 3 16. 223,330 147,121 663,562 535,439 41 663,562 535,480 65

17. 102,215 (768) (5,445) (24,002) 72,000 (4,260) 2,047 69,787 2,047 3,673 10,01769,055 9,86356,069 66

18. 57,736 385,470 135,756 61,125 640,087 (363) (2,318) (845) (355) (3,881) 27,839 14,343 5,280 47,462 (1,005) (12,557) (4,174) (17,736) 57,373 409,986 136,697 61,876 665,932 (3,395) (24,538) (8,191) (3,467) (39,591) 1,713 11,580 8,355 4,995 26,643 (1,713) (49) (4,359) (2,592) (8,713) 53,978 396,979 132,502 60,812 644,271 13,949 282,319 74,910 40,254 411,432 (83) (1,630) (471) (228) (2,412) 1,286 37,829 10,593 5,684 55,392 (777) (11,013) (2,530) (14,320) 15,152 317,741 74,019 43,180 450,092 (934) (19,603) (4,504) (2,451) (27,492) 1,252 29,207 8,527 3,651 42,637 (3,807) (1,448) (5,255) 15,470 327,345 74,235 42,932 459,982 38,508 69,634 58,267 17,880 184,289 42,221 92,245 62,678 18,696 215,840 40 5 20% 20% 67

19. 16,280 (102) 16,178 (958) 15,220 A 2,889 3,072 B 12,331 13,106 15,220 16,178 A B 15.11% 14.34%12.25% 13.40% 10% 5% 10%5% A B 20. 137,230 137,230 (24,079) (19,444) 3,629 9,883 (116,780) 127,669 26%31 68

20. 26% 13.3% 51% 567,391 575,025 (399,646) (298,957) 47,222 (46,464) (3,278) (49,742) 491,035 26% 127,669 69

21. 30 120 0 30 351,937 361,895 31 60 221,627 207,304 61 90 191,728 153,966 91 120 106,569 176,771 121 180 125,947 94,830 997,808 994,766 125,947,00094,830,000 121 150 123,603 68,190 151 180 2,344 26,640 125,947 94,830 26,967 19,069 7,209 7,898 34,176 26,967 70

22. 253,619,000229,022,000 624 82431,510,000 27,941,000 6b 3,488 2,439 (22) 1,049 3,466 3,488 23. 31 144,000 36,564 17,835 21,644 18,235 16,514 7,673 4,981 3,074 44,213 31,181 267,916 77,998 24. 7,191 5,006 22,514 29,705 5,006 71

25. 0.015.60 0.013.05 8,065 1,149 26. 195,431 73,111 55,454 50,554 36,969 21,252 58,792 49,445 30,267 31,186 28,487 21,258 405,400 246,806 27. 39,053 51,572 32 4.79% 7.80% 72

28. 218,400,000 2.6952.40 48,000,000 170,400,000 3.6 48,000,000 30% 22.38 218,400 (180,158) 38,242 222,788 22.38 40,772 (10,825) (50,363) 202,372 22.38 26,643 (8,776) (29,919) (190,320) 24,000,00048,000,000 2.2057 2.245410,880,899 21,377,037 29146,400,000 73

28. 38,242 (7,282) 30,960 (4,351) (26,609) 29. 0.01 8,000,000,000 80,000 500,952,872 5,010 a 1,372,000 14 b 133,000,000 1,330 28 21,377,037 213 656,701,909 6,567 a 416,000 4 28 10,880,899 109 667,998,808 6,680 (a) 416,000 1,372,000 1,060,000 3,499,000 34 (b) China-net Holding Ltd.China-net42,000,000 91,000,0000.01 3.00China-netChina-net 74

30. 13,430 15,581 25,084 54,095 (53) (113) (66) (232) (5,638) (5,638) 11 8,412 1,707 (2,041) 8,078 21,789 11,537 22,977 56,303 (1,325) (729) (1,222) (3,276) 11 1,216 1,552 (4,644) (1,876) 21,680 12,360 17,111 51,151 41,088,00030,459,000 14,132 1,120 1,378 3,142 3,142 3,501 3,501 3,047 8,306 30,278 41,088 30,459 72,252,00055,241,000 1,547,714,0001,323,245,000 75

31. 180,000,000144,000,000 13.3% 36,000 23 144,000 180,000 116,780 2,193 770 (855) 118,888 180,000 (118,888) 61,112 36,000 (770) 35,230 32. 47,952 16,440 25,135 25,114 73,087 41,554 76

33. 147,994,000140,718,000 113,222 150,268 200,822 122,792 9,071 5,713 323,115 278,773 3,776,0003,421,000 2,408 3,247 9,878 10,989 541 688 12,827 14,924 77

34. 10 28 1 10 (i) (ii) (iii) 10%52,370,190 10% 30% 12 1% 1% 120.1%5,000,000 78

34. 2.55 4,400,000 (416,000) 3,984,000 3,920,000 3,920,000 296,000 296,000 8,616,000 (416,000) 8,200,000 2,856,000 2,856,000 11,472,000 (416,000) 11,056,000 11,056,000 2.55 2.55 2.55 2.55 4,400,000 4,400,000 3,920,000 3,920,000 296,000 296,000 8,616,000 8,616,000 6,406,000 (2,178,000) (1,372,000) 2,856,000 15,022,000 (2,178,000) (1,372,000) 11,472,000 11,472,000 2.55 2.55 2.55 2.55 2.783.00 79

35. 5% 18,00018,000 123,018,000101,987,000 36. 9,654 10,362 69 72 9,723 10,434 37. 24,000,00048,000,000 10,880,89921,377,03728 80

38. b 10,000,000 a % % 100 100 c 1,000,000 100 100 Hopefluent (BVI) Limited c Sino Estate Holdings Limited c 100 100 100 100 100 100 c 1,000,000 100 100 c 75,000,000 100 100 c 1,000,000 100 100 c 100 100 100 c 100 100 100 c 100,000 100 100 c c c b b 1,000,000 1,000,000 1,000,000 10,000,000 1,000,000 100 100 100 100 100 100 100 100 100 100 c b 5,323,000 90 80 630,000 90 80 b 5,000,000 90 80 81

38. b a % % 5,000,000 90 80 c c c c c c c c c d c 2,000,000 101,000,000 5,000,000 1,000,000 2,010,000 1,000,000 12,000,000 2,000,000 1,000,000 2,000,000 1,000,000 100 100 100 100 100 100 100 100 100 100 100 100 80 80 72.5 72.5 100 100 100 100 100 100 c 30,000,000 100 100 c 1.00 100 c 1.00 100 c 3,000,000 100 d 200,000,000 100 100 Hope CBD Realty Consultancy Sdn Bhd 50,000 60 60 82

38. (a) Hopefluent (BVI) Limited (b) (c) (d) 92% 8% 30% 70% 8%16,000,00020,050,000 92% 100% 28170,400,000 83

39. 146,056 150,478 193 193 642,134 679,270 417 549 642,744 680,012 (61) (99) 642,683 679,913 788,739 830,391 29 6,680 6,567 782,059 801,709 788,739 808,276 22,115 788,739 830,391 84

39. 377,447 67,385 10,104 27,606 (154,364) 328,178 42,981 42,981 (302) (302) (302) 42,981 42,679 4,412 (927) 3,485 (26,185) (26,185) 57,432 57,432 397,670 397,670 (1,550) (1,550) (1,487) 1,487 809,226 67,385 7,690 27,304 (109,896) 801,709 30,563 30,563 (48,690) (48,690) (48,690) 30,563 (18,127) 1,335 (279) 1,056 (36,740) (36,740) 34,161 34,161 807,982 67,385 7,411 (21,386) (79,333) 782,059 85

1,611,013 1,781,635 2,350,527 2,466,784 2,760,202 185,099 268,156 325,934 235,489 318,375 (50,304) (82,498) (107,356) (83,344) (91,282) 134,795 185,658 218,578 152,145 227,093 134,274 186,523 216,089 147,121 223,330 521 (865) 2,489 5,024 3,763 134,795 185,658 218,578 152,145 227,093 1,339,950 1,828,962 2,233,617 2,838,880 2,868,076 (268,403) (530,759) (618,923) (673,631) (611,640) 1,071,547 1,298,203 1,614,694 2,165,249 2,256,436 1,042,782 1,280,236 1,573,736 2,144,877 2,238,288 28,765 17,967 40,958 20,372 18,148 1,071,547 1,298,203 1,614,694 2,165,249 2,256,436 86