SBS JP

SBS JP

.................................................................. 2.................................................................. 3........................................................... 5...................................................... 16............................................................... 19........................................................ 29................................................................. 33............................................................. 39............................................................. 41............................................................. 42................................................................. 43............................................................. 44............................................................. 46............................................................... 48.................................................................. 112 1

SBS JP ACS ACIS SBS JP SBS JP SBS JP Ugland House P.O. Box 309 Grand Cayman KY1-1104 Cayman Islands 8 20 2010 2013 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 17M www.acs.com.hk 8210 111 25 2

(Best Under a Billion) 246 27% 8% 2%12224 73% 60% 17% public key infrastructure SM Prime Holdings, Inc. SM e-plus Tap to Pay SM 48 SM128 253 SM SM (Mall of Asia) SM SM 3

AFC AFC AFC AFC e-plus Tap to Pay IVIE AFC 4

246194 27%12224 24 8.352 27% 194 2014 2013 126,532 73,323 73% 75,604 68,288 11% 38,983 40,814-4% 5,204 11,935-56% 246,323 194,360 27% AFC SM AFC SM 20% 5

8% 121,857 113,020 58% 49% AFC 11% 96,46586,767 4855 76365289 89 2% 23,72423,203 44 40 32 54 73 53 19 2.0 2.0 5.7 6

AFC 7

SM Prime Holdings, Inc. e-plus Tap to Pay SM 16,000620 340e-PLUS Tap to Pay e-plus Tap to Pay MIFARE MIFARE (ACT CANADA)IVIE IVIE AFC Abiria 8

ACR39T-A1 ACR39T-A3 SIMACR39T-A1 ACR39T-A3 ACR39T-A1 ACR39T-A3ISO 7816 SIM GSM11.11 T=0 T=1Micro-SIM CE FCC RoHs Microsoft WHQL 600 Kbps PC/SC CCIDACR39T-A1 Windows Linux Mac Android 3.18.5 ACR39T-A1 ACR39T-A3 micro-usb OTGAndroid 3.1 7.9 ACR39T-A3 ACR35 NFC MobileMate 9

ACR32 MobileMate ACR35 NFC MobileMate ACR32 MobileMate + ACR35 NFC MobileMate + NFC ISO 7810/ISO 7811 3.5 mm LED DUKPT AES-128 ios 5.0 Android 2.0 App StoreACS MobileMate AppGoogle Play ACR32 USB 2.0 Windows Linux Mac ISO 7816 A B CT=0 T=1 MCU ACR35ISO 14443 A BMIFARE FeliCaISO/IEC 18092 NFCACR35 USB ACR32 ACR35 13.56 MHz (RFID)ISO14443 ISO18092 NFCNFC NFC 10

APICTA APICTA HKCS HKCS HKCS APICTA SCA SCA SCA SCA NFC 11

1. 2014 2. 2014 NFC 3. 2014 Cardware 4. 2014 NFC Bootcamp 5. 2014 Cartes 2014 Cartes 12

NFC AFC SM AFC AFC AFC SM 13

EMV ATM BSP ATM 3DES ATM3DES EMV Europay MasterCard Visa Goldpac ACS Technologies Inc. GATIEMV EMV EMVCo, LLC EMV EMV EMVEMV EMV EMV 3649 3536 0.30 0.36 117100 22 11 26 14 4 33 8 17 22 1 14

GATI GATI 45%55% 15.75 2.7 GATI 76 68 33 36555 48 15

67 Future Electronics Holdings Inc.Future Advanced Electronics Limited Future Electronics (Hong Kong) Limited 56 Gemplus Technologies Asia Pte Ltd. De La Rue Systems Asia Pte. Ltd. 62 Future Electronics Holdings Inc. Future Advanced Electronics Limited 16

SBS JP 63 (HKSAR) 61 50 17

36 Qualcomm Technologies, Inc. Nvidia Corporation Sun Microsystems Inc. (CFA) 31 50 39 35 13 18

A.2 21 5.48 5.67 SBS JP 16 (a) (b) 19

4/4 4/4 4/4 SBS JP 3/3 4/4 2/2 2/2 2/2 5.09 20

A.6.5 SBS JP SBS JP 21

(i) 5.28 5.33 SBS JP 2/2 SBS JP 3/3 4/4 2/2 2/2 22

(i) (1) (2) (3) (4) (ii) 15(a) 0 1,000,000 5 1,000,0011,500,000 0 5 SBS JP 23

(ii) SBS JP 1/1 0/0 2/2 3/3 3/3 (iii) SBS JP 24

(iii) SBS JP 2/2 2/2 SBS JP 1/1 2/2 0/0 1/1 2/2 (iv) 25

(v) 616,000 39 40 (i) (ii)(iii) (iv) 26

15 F.1.1 68 21 27

1/1 1/1 1/1 SBS JP 1/1 0/1 0/0 1/1 1/1 28

(Restriction of Hazardous Substances Directive) RoHS (Registration, Evaluation, Authorization and Restriction of Chemical Substances) REACH REACH REACHREACH RoHS 2002/96/EC (Waste Electrical and Electronic Equipment) WEEE WEEE AFC AFC 55% AFC 37 29

130 30

29 Philippine General Hospital Child Haus Foundation 2014 31

360 60% (Final Year Project) 2014 GBS JP 32

17 17 21% 49% 13% 41% 5% 41 111 2.0 2.0 33

(i) 18317 1712 1716 (ii) 18317 1712 1716 23,724,000 23,203,000 46 47 31 16 29 34

SBS JP 95 112 SBS JP 35

XV XV 7 8 352 5.46 0.10 1 2 80,768,000 56,930,522 137,698,522 48.48% 3 56,930,522 80,768,000 137,698,522 48.48% 157,893 157,893 0.06% SBS JP 400,000 400,000 0.14% 1 2 80,768,000 56,930,522 3 56,930,522 80,768,000 36

XV XV 7 8 352 5.46 336 336 37

35 26 112 38

ADVANCED CARD SYSTEMS HOLDINGS LIMITED 39

40

6 246,323 194,360 (124,466) (81,340) 121,857 113,020 7 1,392 975 (20,712) (19,218) (37,895) (32,498) (37,246) (34,292) 8 (612) (759) (205) 9 26,579 27,228 10 (2,855) (4,025) 23,724 23,203 (559) 820 (491) 63 147 48 (903) 931 22,821 24,134 13 8.352 8.168 8.352 8.168 41

16 7,763 7,238 18 42,875 32,260 19 1,972 20 2,512 33 377 27 915 593 56,414 40,091 21 40,118 44,094 22 54,129 31,784 23 69 71 986 24 35,671 48,614 130,973 124,563 25 30,819 26,566 26 35,336 36,341 1,758 1,028 67,913 63,935 63,060 60,628 119,474 100,719 27 1,650 511 28 737 261 2,387 772 117,087 99,947 29 28,406 28,406 31 88,681 71,541 117,087 99,947 42

17 14,004 14,004 17 46,456 42,741 22 324 202 24 148 284 46,928 43,227 25 283 283 46,645 42,944 60,649 56,948 29 28,406 28,406 31 32,243 28,542 60,649 56,948 43

26,579 27,228 9 9,735 8,237 9 4,369 4,804 8 612 759 9 446 2 9 66 7 (213) (419) 9 19 211 205 9 657 1,087 42,409 41,975 5,152 (10,410) (20,890) (11,990) (1,511) (1,310) (8) 86 25,152 18,351 (3,267) (7,273) 21,885 11,078 (2,717) (15,172) (11,186) 276 352 32 (3,165) 104 17 (377) (5,009) (2,662) (35) (26,060) (13,514) 44

(5,681) (4,261) (1,339) (759) 19,232 30,000 (20,237) (7,877) (8,025) 17,103 (12,200) 14,667 48,614 34,223 (743) (276) 24 35,671 48,614 45

* * * * * 29 31 31 28,406 17,955 4,496 886 24,070 4,261 80,074 (4,261) (4,261) (4,261) (4,261) 23,203 23,203 820 820 63 63 48 48 820 111 931 820 23,314 24,134 12 (5,681) 5,681 28,406 17,955 4,496 1,706 41,703 5,681 99,947 (5,681) (5,681) (5,681) (5,681) 46

* * * * * 29 31 31 23,724 23,724 (559) (559) (491) (491) 147 147 (559) (344) (903) (559) 23,380 22,821 12 (5,681) 5,681 28,406 17,955 4,496 1,147 59,402 5,681 117,087 * 88,681,000 71,541,000 47

1. Ugland House, P.O. Box 309, George Town, Grand Cayman, Cayman Islands, British West Indies 8 20 2010-2013 17 2. 2.1 41 111 3 4 48

2. 2.2 2.3 2.4 49

2. 2.4 2.5 50

2. 2.5 2.6 25% 25% 25% 25% 51

2. 2.7 2.18 2.8 (i) (ii) (iii) (iv) (v) (vi) 52

2. 2.8 7 4 4 2.9 53

2. 2.9 54

2. 2.10 2.11 2.12 2.21 55

2. 2.12 2.13 2.15 2.14 56

2. 2.15 2.16 2.17 (a) (b) (c) (d) 57

2. 2.18 58

2. 2.19 1,060 500 59

2. 2.19 2.20 60

2. 2.20 2.21 2.22 61

2. 2.22 (a) (b) 62

2. 2.22 (a) (b) (i) (ii) 2.23 8 2.24 (i) (a) (b) (c) 63

2. 2.24 (ii) (a) (b) (c) (d) (e) (f) (g) (i) (i)(a) (i) (ii) (iii) 3. 3.1 10 12 27 10 12 27 10 12 27 64

3. 3.1 32 32 32 36 36 36 13 39 39 39 65

3. 3.1 21 21 21 21 3.2 9 9 9 9 (a) (b) 66

3. 3.2 9 9 39 9 9 39 39 9 39 9 9 9 9 67

3. 3.2 15 15 15 18 11 15 15 15 15 15 15 4. (i) 68

4. (ii) (iii) (iv) 2.6 2.8 (v) (vi) 69

4. (vii) (viii) (ix) 70

5. 246,323 194,360 28,202 28,257 (205) (1,418) (1,029) 26,579 27,228 182,650 163,859 2,512 915 593 986 324 202 187,387 164,654 66,609 62,885 1,758 1,028 1,650 511 283 283 70,300 64,707 * 14,104 13,041 446 2 66 612 759 (213) (419) * 37,895 32,498 657 1,087 25,347 13,848 * 9,315,000 8,237,000 71

5. (i) (ii) # 29,707 24,893 51,000 37,494 32,572 35,920 31 46 31,346 29,222 52,927 27,155 3,321 619 99,771 77,170 770 1,339 216,616 169,467 4,122 2,004 246,323 194,360 55,122 39,498 # 8 72

5. 10% A* 31,329 29,206 B* 1,208 1,740 C # 29,093 D 51,367 26,388 * A B # 10% 6. 245,529 194,124 794 236 7. 246,323 194,360 213 419 1,179 556 1,392 975 73

8. 1,339 759 (727) 612 759 3 4% N/A 9. 9,315 8,237 420 9,735 8,237 616 492 616 492 122,705 80,667 657 1,087 4,369 4,804 446 2 66 4,663 4,108 (159) (140) 4,504 3,968 2,433 1,411 19 211 74

10. 2,541 3,865 28 2,569 3,865 628 722 (86) 5 542 727 117 196 (192) (75) 196 3,036 4,788 27 (181) (763) 2,855 4,025 16.5% 16.5% 30% 30%2% 2% 75

10. 26,579 27,228 4,187 4,488 391 262 (55) (69) 111 16 (1,283) (1,108) 522 436 (743) (250) 5 (25) (5) 2,855 4,025 27 (147) (48) 11. (147) (48) 23,724,000 23,203,000 9,382,000 7,971,000 76

12. 2.0 2.0 5,681 5,681 2.0 1.5 5,681 4,261 13. 23,724,000 284,058,000 23,203,000 284,058,000 23,203,000 284,059,000 284,058,000 1,000 77

14. 64,857 54,745 3,194 2,558 28 114 112 68,165 57,415 (12,966) (9,670) 55,199 47,745 15. (a) * 1,800 1,800 1,049 17 1,066 1,080 17 1,097 (i) 47 47 (ii) 53 53 120 120 (iii) 95 95 (iv) 67 67 382 3,929 34 4,345 78

15. (a) * 1,710 214 1,924 998 124 15 1,137 1,014 127 15 1,156 120 120 120 120 120 120 360 3,722 465 30 4,577 * (i) (ii) (iii) (iv) 79

15. (b) 1,704 1,526 443 34 30 1,738 1,999 0 1,000,000 2 1 1,000,0011,500,000 1 2 2 80

16. 2,608 1,333 14,707 9,004 27,652 (1,891) (1,061) (9,130) (5,992) (18,074) 717 272 5,577 3,012 9,578 717 272 5,577 3,012 9,578 144 193 1,680 645 2,662 (1) (227) (228) (594) (167) (2,535) (1,508) (4,804) 7 1 22 30 274 298 4,517 2,149 7,238 2,809 1,554 15,915 9,649 29,927 (2,535) (1,256) (11,398) (7,500) (22,689) 274 298 4,517 2,149 7,238 274 298 4,517 2,149 7,238 67 67 2,512 1,396 967 5,009 32 46 46 (1) (107) (15) (123) (333) (136) (2,439) (1,342) (119) (4,369) (2) (4) (26) (6) (38) 6 224 4,503 2,188 842 7,763 2,837 1,593 18,044 9,800 960 33,234 (2,831) (1,369) (13,541) (7,612) (118) (25,471) 6 224 4,503 2,188 842 7,763 81

17. 14,004 14,004 46,456 42,741 18,000,000 ^ 100 Advanced Card Systems Japan Limited* 100 1,000 100 1 ^ 100 82

17. * 14,000,000 100 * 3,500,000 100 1 ^ 100 1 ^ 100 1 ^ 100 * ^ 135622 83

18. 56,866 56,866 (27,555) (27,555) 29,311 29,311 29,311 29,311 11,186 11,186 (8,237) (8,237) 32,260 32,260 68,052 68,052 (35,792) (35,792) 32,260 32,260 32,260 32,260 32 2,470 1,923 4,393 15,899 15,899 (9,315) (178) (242) (9,735) 33 25 58 38,844 2,325 1,706 42,875 83,951 2,503 1,950 88,404 (45,107) (178) (244) (45,529) 38,844 2,325 1,706 42,875 84

19. 32 1,946 26 1,972 1,972 3 4% 18.8% 85

20. 2,717 (205) 2,512 Goldpac ACS Technologies Inc. GATI 87,500 100 45 GATI GATI GATI 3,696 1,572 5,268 6,871 (4,960) (1,596) 5,583 86

20. 1 (23) (433) (455) 45% (205) GATI GATI GATI 5,583 45% 2,512 21. 21,642 25,664 1,370 1,346 17,106 17,084 40,118 44,094 87

22. 47,089 27,571 (685) (239) 46,404 27,332 4,487 1,240 1,792 1,950 324 202 1,510 1,328 (64) (66) 54,129 31,784 324 202 7 90 7 100 0 30 24,199 15,437 31 60 10,283 2,943 61 90 1,528 26 91 365 9,743 7,022 365 651 1,904 46,404 27,332 685,000 239,000 64,000 66,000 446,000 2,000 66,000 88

22. 239 239 66 446 2 66 (2) (2) 685 239 64 66 25,739 15,212 1 90 13,103 9,682 91 180 463 171 181 365 7,009 391 365 90 1,876 46,404 27,332 89

22. 1,189,00064,000 66,000 4,423,000 1,174,000 23. 69 71 1.050% 1.050% 69,000 71,000 24. 35,203 35,996 148 284 468 12,618 35,671 48,614 148 284 4.75% 1.25% 4.75% 3 1 3 6,972,000 13,090,000 90

25. 14,981 11,841 8,206 8,356 283 283 4,487 6,369 32 3,145 30,819 26,566 283 283 0 30 8,401 8,661 31 60 5,694 2,640 61 90 388 323 91 365 141 52 365 357 165 26. 14,981 11,841 12,992 22,344 36,341 35,336 36,341 91

26. 26,356 13,997 8,980 13,364 8,980 35,336 36,341 (i) (ii) 92

27. 729 729 10 (218) (70) (475) (763) 10 (48) (48) 511 (118) (475) (82) 32 11 618 481 1,110 10 120 5 (45) (61) (200) (181) 10 (147) (147) 4 8 7 16 35 642 (256) 581 427 (659) 735 93

27. (915) (593) 1,650 511 735 (82) 8,828,000 16,008,000 8,384,000 16,008,000 444,000 10% 4,139,000 842,000 414,000 84,000 94

28. 173,000 100% 101 98 13 14 14 114 112 14 (3) 477 (60) 491 (63) 605 49 95

28. 1,140 568 (403) (307) 737 261 403 307 307 253 22 15 (14) 3 121 74 (19) (23) (14) (15) 403 307 96

28. 568 556 35 29 477 (60) 101 98 (19) (23) (22) (32) 1,140 568 94.0%95.0% 18.3 15.0 E.M. Zalamea Actuarial Services, Inc. International Actuarial AssociationActuarial Society of the Philippines International Association of Consulting Actuaries 36%54% 737,000 261,000 4.46% 6.38% 5.00% 5.00% 55% 55% 60 60 27.6 27.5 100 97

28. 100 100 100 100 (155) 183 (78) 92 169 (147) 87 (75) (9) 9 (4) 5 29. 0.10 1,000,000 100,000 1,000,000 100,000 284,058 28,406 284,058 28,406 30. 0.240.10 10 98

30. 4,259 (4,259) 0.24 (a) (b) (c) 99

31. 17,955 2,616 4,261 24,832 (4,261) (4,261) (4,261) (4,261) 7,971 7,971 7,971 7,971 12 (5,681) 5,681 17,955 4,906 5,681 28,542 (5,681) (5,681) (5,681) (5,681) 9,382 9,382 9,382 9,382 12 (5,681) 5,681 17,955 8,607 5,681 32,243 100

31. A 46 47 32. 5,300,000 6,577,000 101

32. 46 (a) 4,393 1,933 (b) 2,629 267 (3,527) (1,110) 4,631 (c) 1,946 6,577 6,577 25 (3,145) (267) 3,165 (a) (b) (c) 1,923,0002,470,000 2,629,000 5,300,000 2,671,000 102

32. (d) (e) (f) 411,000 3,656,000 18 24 33. 881 10% 1,000,000 1,241,000 300,000 377,000 700,000 881,000 103

33. 3,663 2,540 2,091 442 34. 5,754 2,982 7,884 8,277 382 360 117 106 8,001 8,383 382 360 75,539,000 73,667,000 104

35. 35.1 46,404 27,332 4,423 1,174 35,671 48,614 148 284 46,456 42,741 86,498 77,120 46,604 43,025 69 71 86,567 77,191 46,604 43,025 14,981 11,841 11,351 8,356 283 283 35,336 36,341 61,668 56,538 283 283 105

35. 35.2 8,968 16,563 24 924 333 10,586 2,134 (213) (5,070) (4,890) 9,112 23,003 (2,756) 6,997 10,370 30 759 81 612 12,540 6,143 (229) (4,418) (3,657) 7,410 19,251 2,567 106

35. 35.2 100 (6) 94 179 (6) 173 5% 211,000 416,000 107

35. 35.3 0.5% 0.5% 13,000 7,000 13,000 7,000 35.4 75,539,000 73,667,000 22% 27% 108

35. 35.5 14,981 11,351 * 35,336 61,668 11,841 8,356 * 36,341 56,538 * 36,129,000 38,163,000 109

35. 35.5 26,988 9,141 15,081 13,941 9,141 26(i) 34 35.6 110

36. 26 29 31 26 37. 111

246,323 194,360 160,855 117,488 93,729 124,466 81,340 74,009 57,043 43,086 121,857 113,020 86,846 60,445 50,643 49% 58% 54% 51% 54% 23,724 23,203 16,874 5,119 4,434 10% 12% 10% 4% 5% 187,387 164,654 127,864 108,018 81,741 70,300 64,707 47,790 45,053 24,301 117,087 99,947 80,074 62,965 57,440 112