th Anniversary Little Sheep Group Limited : 968 2009

www.edico.com.hk

2 3 4 8 18 24 38 41 43 44 45 47 49 51 52 110

02 Nishpank Rameshbabu Kankiwala FCCA Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 42 46 11 1104 8 Butterfield Fund Services (Cayman) Limited Butterfield House 68 Fort Street P.O. Box 705 Grand Cayman KY1-1107 Cayman Islands 28 26 968 www.littlesheep.com

03 1,569,700 1,271,523 23.5% 1,223,382 1,010,690 21.0% 210,467 165,328 27.3% 155,364 128,698 20.7% 15.12 13.55 11.6% 6.9 7.6 (9.2%) 1.7% 10.0% 52.45 53.93 (2.7%) 1.34 1.35 (0.7%) 46 142 32 110 54 56 44 54 35 22 29 22 8 6 5 5 13 49 11 46 5 5 18 1 11 161 293 127 248 (1) 2.62 3.30 (2) 1.81 2.43 (3) (1) (2) (3)

04

05

06 23.5%1,569.7 20.7%155.4 6.9

07 400 Yum! Brands, Inc. 200 100

08 17,998 16.8%

09 Yum! Brands, Inc., Yum Yum 200 54 100 23.5% 1,569.7 20.7% 155.4 77.9% 21.0%1,223.4 1.7% 34 161

10

11 30.8% 313.8 8,789 27.2%

12 30.9 293

13 POS ERP 45

14 1,569.7 23.5% 1,223.4 21.0% 313.830.8% 30.9 63.5% 1.720.6%

15 29.5 1.6% 650.6 24.1% 308.8 20.0% 54.634.4% 142.919.6% 66.419.1% 165.1 25.1% 0.4

16 44.8 45.5% 165.723.1% 155.4 20.7% 325.2 363.92.62 0.375 200.6 229.9 165.1 75.5 69.7 0.568.8 165.1

17 212.6 13,957 320 (EAS) (HR ERP system)

18 3840 3.13 Nishpank Rameshbabu Kankiwala Nishpank Rameshbabu Kankiwala Mayborn Group Limited

19 Nishpank Rameshbabu Kankiwala A.2.1

20

21 4/4 1/1 4/4 1/1 4/4 4/4 4/4 4/4 4/4 3/3 2/3 1/1 Nishpank Rameshbabu Kankiwala 1/4 2/4 3/4 1/1 4/4 4/4 1/1 4/4 4/4 1/1

22

23 3.5 4.0 4.5 5.0 0.5 0.6 www.littlesheep.com

24

25 43 51 6.9 6.0 28 26

26 488.4 430.7 293.0 258.4 145.0 127.7 148.0 130.7 97.7 86.2 62.9 55.4 34.8 30.8 24.4 21.5 11.7 10.3 12.7 11.2 48.9 43.1 43.8 38.5 5.1 4.6 24.4 21.5 22.7 20.0 1.7 1.5 488.4 430.7 286.1 251.9 202.3 178.8

27 47 36 2219613 264.6 62.1 13 16

28 Nishpank Rameshbabu Kankiwala 38 40 8.10Yum

29 352 XV 3,091,000 28,358,859 31,449,859 (1) 3.05% 11,300,000 234,103 11,534,103 (2) 1.12% 10,286,348 (3) 1.00% 4,870,339 0.47% 1,509,992 (4) 0.15% 6,312,989 (5) 0.61% (1) (a)beefup Group Limited3,091,000 (b) 28,358,859 (2) (a)11,000,000(b) Palace Glory Investment Limited234,103Palace Glory Investment Limited (c) 300,000 (3) (a)7,798,668 (b) 2,487,680 (4) (a)1,359,992 (b) 150,000 (5) (a)5,582,989 (b) 730,000

30 336 5% Possible Way International Limited Possible Way 308,301,875 30.00% 280,571,030 (1) 27.30% Yum! Brands, Inc.Yum 280,571,030 (2) 27.30% 308,301,875 (3) 30.00% 1. Possible Way Wandle Investment Ltd.Wandle Investment 317(1)(a) 318 Possible WayYumWandle Investment 280,571,030 2. 280,571,030 YumWandle InvestmentYum 280,571,030 3. Wandle Investment Possible Way 317(1)(a) 318 YumPossible Way308,301,875 Possible Way Yum

31 35 (1) 26,379,680 2.57% 35,500 1,302,300 300,000 300,000 2,487,680 2,487,680 150,000 150,000 730,000 730,000 100,000 100,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 400,000 400,000 21,862,000 35,500 1,302,300 20,524,200 26,379,680 35,500 1,302,300 25,041,880

32 (1) 2.11 (2) 10% 15% 30% 45% (2) (a) (b) (c) 102,764,287 10%

33 1%

34 14A (1) 69 626.7 540,000 1679 1,548.55 (1) 1,000,000 590,000 410,000 A 1 3 3,420 1,000,000 19021905 1907 1909 1,013.46 910,800 1332 1901 466,800 19031904 19061910 444,000 1392 103 101 102 416.37 (2) 720,000 253,360 233,320 (3) 233,320

35 (1) 1,000,000 1,450,000 (2) 720,000 (3) 3,450,800 3,450,800 14A 14A.42(3) 14A (i) (ii) (iii) (i) (ii) (iii)

36 (2) Wang Fang Wang Fang69% 345,000 Wang Fang 14AWang Fang 24

37 4.3% 1.3% 13.8%4.9% 5% 3

38 45 9 42 42 EMBA 35 3i Asia Pacific plc. 3i 44 8

39 42 8 57Yum Yum Wharton SchoolYum Procter & Gamble YumKFC International Tricon Global Restaurants InternationalPepsi Yum Pizza Hut Dine-in restaurants Pizza Hut Home Service East Dawning 57Yum Wharton SchoolYum China Dah Chong Hong Ltd.Mars, Inc. Yum China 55 Yum Certified Management Accountant (CMA)Yum Kraft Hydro PillsburyKraft Foods YumYum China Nishpank Rameshbabu KANKIWALA 52 Kankiwala Mayborn Group Limited Burger King International Kankiwala Burger King International PepsiCo Beverages International 9PepsiCo Beverages International International Concentrate Business PepsiCo Beverages International Kankiwala Unilever Kankiwala

40 47 TCL LDK Solar Co. Ltd. Perfect World Co., Ltd. E-House (China) Holdings Limited 50 41

41 43 109

42

43 5 1,569,700 1,271,523 5 29,482 29,964 (650,545) (524,390) 6 (308,795) (257,342) (54,561) (40,591) (142,911) (119,534) (66,381) (55,752) (165,114) (131,947) 7 (408) (6,603) 210,467 165,328 9 (44,807) (30,793) 165,660 134,535 11 155,364 128,698 10,296 5,837 165,660 134,535 12 15.12 13.55 14.98 13.53 10

44 165,660 134,535 (231) 3,164 165,429 137,699 155,133 131,862 10,296 5,837 165,429 137,699

45 13 358,544 277,684 15,903 5,567 14 236,774 171,131 15 50,055 11,717 17 15,984 13,281 18 5,455 2,928 682,715 482,308 20 182,126 179,400 21 19,297 12,175 22 61,584 65,902 23 325,207 424,038 588,214 681,515 24 375 535 25 51,098 40,803 26 134,207 137,807 27 14,900 12,528 23,764 14,994 224,344 206,667 363,870 474,848

46 1,046,585 957,156 24 375 28 8,763 6,885 8,763 7,260 1,037,822 949,896 35 90,826 90,823 36 939,952 850,776 1,030,778 941,599 7,044 8,297 1,037,822 949,896

47 90,823 655,382 36,152 (6,718) 3,509 162,451 941,599 8,297 949,896 (231) 155,364 155,133 10,296 165,429 2,556 2,556 2,556 3 73 (10) 66 66 (68,846) (68,846) (68,846) (11,857) (11,857) 1,536 (1,536) (10) (10) 270 270 (270) 1,832 1,832 (703) 703 (1,244) (1,244) 90,826 586,879* 36,985* (6,949)* 6,055* 316,982* 1,030,778 7,044 1,037,822

48 125,314 34,553 10,641 3,486 100 113,858 287,952 16,363 304,315 3,164 128,698 131,862 5,837 137,699 198,300 (20,523) (3,486) 174,291 174,291 90,823 331,768 422,591 422,591 3,409 3,409 3,409 (78,506) (78,506) (12,558) (91,064) 1,599 (1,599) (892) (892) 149 149 (602) (602) 90,823 655,382* 36,152* (6,718)* * 3,509* 162,451* 941,599 8,297 949,896 *939,952,000 850,776,000

49 210,467 165,328 7 408 6,603 5 (5,938) (4,019) 5 (8,463) 6 54,217 40,247 6 98 98 6 246 246 6 1,039 288 6 250 5 (4,158) 6 2,556 3,409 263,093 199,829 1,297 (33,319) (7,023) (7,088) (5,902) (28,741) 78 (7,847) (15,318) 9,119 2,777 (13,063) 50,375 (825) 6,647 238,849 175,240 (38,246) (33,096) 200,603 142,144

50 3,706 2,121 (110,636) (148,967) 14 (8) (9) 15 (38,584) (105) 19 (75,506) (28,976) (3,000) (15,903) (5,567) 30 1,124 1,011 5,938 4,019 (229,869) (179,473) 21,000 430,666 66 (535) (92,503) (68,846) (91,064) 7 (408) (6,603) (69,723) 261,496 (98,989) 224,167 23 424,038 204,126 158 (4,255) 23 325,207 424,038 23 325,207 424,038

51 13 16 20 16 92 92 108 112 16 406,100 411,156 165 2,519 23 249 14,019 406,514 427,694 46,683 13,979 359,831 413,715 359,939 413,827 35 90,826 90,823 36(b) 269,113 323,004 359,939 413,827

52 1. Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands 42 4611 1104 2.1

53 2.2 1 27 2 7 8 8 * 1 18 * 1 27 2 7 8 18 32 23 32 1 1 9 9 39 39 13 15 16 18 * ** 5 1 8 8 814 814 4

54 2.2 8 8 1 2.3 1 1 1 1 2 2 2 2 3 1 9 6 24 5 27 1 32 32 3 39 39 1 14 14 5 17 1 19 4 5 5 1

55 2.3 238 9 16 5 81 7173639 1 2 3 4 5 6 3 927 3 27 7 1221 28 31 327 9 39 39 399 9

56 2.4 (a) (b) (c) 20% (d) 39 20%

57 2.4

58 2.4 (a) (i) (ii) (iii) (b) (c) (d) (e) (a) (d) (f) (d) (e) 40 58 58

59 2.4

60 2.4 40 70 39

61 2.4

62 2.4 (a)(b)

63 2.4

64 2.4

65 2.4

66 2.4

67 2.4 37

68 2.4

69 3. 5 40

70 4. (i) (ii) (iii) (iv)

71 4. 1,223,382 313,773 30,887 1,658 1,569,700 376,307 24,783 401,090 1,223,382 690,080 30,887 26,441 1,970,790 (401,090) 1,569,700 200,312 36,374 14,424 (22,384) 228,726 14 29,482 (47,347) (408) 210,467 584,092 429,449 941,721 476,069 2,431,331 (1,160,402) 1,270,929 500,963 262,893 111,319 518,334 1,393,509 (1,160,402) 233,107 45,057 5,391 2,879 1,234 54,561 94,185 59,077 10,358 1,511 165,131* *

72 4. 1,010,690 239,858 18,886 2,089 1,271,523 314,625 23,290 337,915 1,010,690 554,483 18,886 25,379 1,609,438 (337,915) 1,271,523 167,833 10,557 9,869 (4,068) 184,191 (508) 29,964 (41,716) (6,603) 165,328 478,717 323,920 547,466 557,481 1,907,584 (743,761) 1,163,823 221,706 90,498 166,739 478,745 957,688 (743,761) 213,927 250 250 37,311 1,306 1,394 580 40,591 72,962 16,483 63,980 1,223 154,648

73 4. (a) 683,354 465,585 332,179 291,881 306,845 275,427 81,469 49,715 28,961 14,012 136,892 174,903 1,569,700 1,271,523 (b) 476,628 285,275 80,230 94,953 92,527 61,515 14,287 16,145 9,352 6,539 9,691 17,881 682,715 482,308

74 5. 1,223,382 1,010,690 313,773 239,858 30,887 18,886 1,658 2,089 1,569,700 1,271,523 (i) 10,767 5,038 3,054 1,028 2,615 2,318 5,938 4,019 4,158 (ii) 8,463 7,108 4,940 29,482 29,964 (i) (ii) 3i Group plc 3i PraxCapital Fund I PraxCapital 3i PraxCapital1.2 8,463,000

75 6. 8) 268,542 215,662 2,556 3,409 8,891 16,529 28,806 21,742 308,795 257,342 13 54,217 40,247 14 98 98 15 246 246 3,500 4,500 1,039 288 21 250 142,911 119,534 7. 408 856 5,747 408 6,603

76 8. 161 633 536 7,428 6,500 491 721 49 95 8,601 7,852 (a) 211 134 211 134 211 134 633 402

77 8. (b) 1,500 1,500 1,412 241 8 1,661 * 1,525 136 13 1,674 824 14 13 851 854 11 865 # 155 155 841 71 4 916 7,111 462 49 7,622 29 29 Nishpank Rameshbabu Kankiwala 317 317 ^ ^ ^ 7,428 491 49 7,968

78 8. (b) 1,000 1,000 800 322 1 1,123 2,000 181 13 2,194 900 19 13 932 600 12 612 600 66 666 600 94 4 698 6,500 682 43 7,225 39 39 Nishpank Rameshbabu Kankiwala 134 52 186 134 6,500 721 95 7,450 * # ^ 37

79 8. (b) 769 749 150 125 83 84 11 11 1,013 969 9. 25% 18 1720% 5 5 41 36 16.5%16.5% 47,334 31,257 18 (2,527) (464) 44,807 30,793

80 9. % % % % 10,654 100 211,192 100 (11,379) 100 210,467 100 1,758 16.5 52,722 25.0 1,244 (10.9) 55,724 26.5 (6,539) (3.1) (6,539) (3.1) (4,465) (2.1) (4,465) (2.1) (1,780) (0.8) (176) 1.5 (1,956) (0.9) 609 5.7 1,839 0.8 2,448 1.1 2,532 1.2 2,532 1.2 (399) (3.7) (2,626) (1.2) 88 (0.8) (2,937) (1.4) 1,968 18.5 41,683 19.8 1,156 (10.2) 44,807 21.3

81 9. % % % % 9,999 100.0 158,651 100.0 (3,322) 100.0 165,328 100.0 1,650 16.5 39,663 25.0 640 (19.3) 41,953 25.4 (8,180) (5.1) (8,180) (5.0) (4,190) (2.6) (4,190) (2.5) (160) (0.1) (665) 20.0 (825) (0.5) 318 3.2 1,784 1.1 2,102 1.2 (1,206) (0.8) (1,206) (0.7) 2,985 1.9 2,985 1.8 22 0.2 (1,722) (1.1) (146) 4.4 (1,846) (1.1) 1,990 19.9 28,974 18.3 (171) 5.1 30,793 18.6 10. 78,506 6.96 7.66.7 62,146 68,852

82 11. 13,082,000 36(b 12. 155,364,000 128,698,000 1,027,678,370 950,104,846 155,364,000 128,698,000 1,037,382,921 950,954,446 37 9,704,551 849,600 174,700,000

83 13. 67,239 179,435 6,608 88,158 66,628 408,068 (7,721) (83,408) (2,380) (36,875) (130,384) 59,518 96,027 4,228 51,283 66,628 277,684 59,518 96,027 4,228 51,283 66,628 277,684 1,078 72,084 1,662 35,846 22,629 133,299 69,938 546 (70,484) 19 7,170 3,203 10,373 30 (3,134) (326) (3,460) (2,860) (101) (1,079) (705) (4,745) (368) (22) (390) (2,926) (35,960) (890) (14,441) (54,217) 127,608 132,959 4,899 75,010 18,068 358,544 138,255 247,757 8,029 121,162 18,068 533,271 (10,647) (114,798) (3,130) (46,152) (174,727) 127,608 132,959 4,899 75,010 18,068 358,544

84 13. 66,660 134,698 5,183 71,617 127 278,285 (5,976) (57,450) (1,833) (31,051) (96,310) 60,684 77,248 3,350 40,566 127 181,975 60,684 77,248 3,350 40,566 127 181,975 9 58,567 1,906 21,071 71,884 153,437 729 4,451 (5,180) 42 914 956 30 (12,171) (75) (2,989) (15,235) 370) (158) (1,678) (203) (2,409) 347) (446) (793) (1,904) (26,900) (837) (10,606) (40,247) 59,518 96,027 4,228 51,283 66,628 277,684 67,239 179,435 6,608 88,158 66,628 408,068 (7,721) (83,408) (2,380) (36,875) (130,384) 59,518 96,027 4,228 51,283 66,628 277,684 24 813,000 922,000

85 13. 22 (2) 20 20 (4) 16 22 (6) 16 22 (2) 20 22 (2) 20

86 14. 170,471 972 171,443 (312) (312) 170,471 660 171,131 170,471 660 171,131 8 8 19 65,733 65,733 (98) (98) 236,204 570 236,774 236,204 978 237,184 (410) (410) 236,204 570 236,774

87 14. 142,444 963 143,407 (214) (214) 142,444 749 143,193 142,444 749 143,193 9 9 26,625 26,625 1,402 1,402 (98) (98) 170,471 660 171,131 170,471 972 171,443 (312) (312) 170,471 660 171,131

88 14. (i) 119,270 64,724 (ii) 75,516 65,314 (iii) 35,952 35,951 (iv) 5,466 4,482 236,204 170,471 (i) (ii) (iii) (iv) 14%16%

89 14. 15. 12,241 12,136 (524) (278) 11,717 11,858 11,717 11,858 38,584 105 (246) (246) 50,055 11,717 50,825 12,241 (770) (524) 50,055 11,717

90 16. 92 92 445,938.85 100 * 540,955,584 100 ** 34,307,700 87 ** 3,030,000 100 ** 1,010,000 100

91 16. ** 1,000,000 100 18,000,000 100 ** 3,000,000 51 * ** 17.

92 18. 2,311 1,553 3,864 617 974 1,591 2,928 2,527 5,455 182 (182) 2,100 211 2,311 474 143 617 2,756 172 2,928 (292) 292 2,464 464 2,928

93 19. 85 80,532,000 65,733,000 10,373 10,373 99 99 4,216 4,216 3,959 3,959 5,026 5,026 (1,404) (1,404) (264) (264) (7,206) (7,206) 14,799 14,799 65,733 80,532 5,026 (80,532) (75,506) 50,178,0009,762,000

94 19. 3 70 20. 6,376 5,782 16,432 13,469 159,318 160,149 182,126 179,400 21. 17,916 9,370 1,119 2,045 94 760 168 19,297 12,175

95 21. 250,000 250 5,672 6 250 (250) (5,672) 250 17,916 9,370 1,119 2,045 262 760 19,297 12,175

96 22. 21,774 18,062 5,380 5,632 34,430 42,208 61,584 65,902 23. 325,207 324,038 249 14,019 100,000 325,207 424,038 249 14,019 292,185,000 371,750,000

97 24. 375 910 375 535 375 375 910 (375) (535) 375 813,000 922,000 2.4%5.9%) 25. 49,565 39,546 1,533 1,257 51,098 40,803

98 26. 36,364 33,330 23,370 20,170 32,316 32,064 42,157 52,243 134,207 137,807 27. 28. 29.

99 30. 3,460 15,235 1,232 1,160 50 193 176 283 33,591 (228) (1,035) (943) (23,655) (26,489) (582) (418) (1,059) (602) 2,356 (1,987) 4,158 2,356 2,171 2,356 2,171 2,356 2,171 (1,232) (1,160) 1,124 1,011

100 31. (i) 1 13 123,929 116,660 343,131 247,883 91,299 84,515 558,359 449,058 (ii) 26,711

101 32. (i) 4,621 3,451 (i) 5 5 33.

102 33. 375,000 535,000 375 375 49,565 1,533 51,098 14,900 14,900 110,837 23,370 134,207 64,465 112,370 23,745 200,580

103 33. 535 375 910 39,546 1,257 40,803 12,528 12,528 116,637 21,170 137,807 12,528 156,183 22,962 375 192,048

104 33. 375 910 185,305 178,610 (325,207) (424,038) (139,527) (244,518) 1,030,778 941,599 891,251 697,081 (13.5)% (26.0)%

105 34. 325,207 424,038 325,207 424,038 19,297 12,175 19,297 12,175 61,584 65,902 61,584 65,902 406,088 502,115 406,088 502,115 375 910 375 910 51,098 40,803 51,098 40,803 181,634 172,214 181,634 172,214 233,107 213,927 233,107 213,927 35. 10,000,000,000 10,000,000,000 0.10 883,800 883,800 1,027,678,370 1,027,642,870 0.10 90,826 90,823 35,500 2.1135,5000.10 75,00066,000

106 35. 1,027,642,870 90,823 1,027,642,870 90,823 35,500 3 1,027,678,370 90,826 36. (a) (i) (ii) (i) (ii) (iii) 10%50% 10% 50% 5% 10%

107 36. (b) 100 (100) (807) (807) (11,366) (11,366) 331,768 331,768 3,409 3,409 331,768 (807) 3,509 (11,466) 323,004 (746) (746) 13,082 13,082 2,556 2,556 73 (10) 63 (68,846) (68,846) 262,995 (1,553) 6,055 1,616 269,113

108 37. 43926,379,680 2.11 1= 0.944 26,379,680 26,379,680 (35,500) (1,302,300) 25,041,880 26,379,680 12,637,968 10% 23,956,952 15% 37,913,904 30% 411,870,856 45%

109 37. % 1.923 % 37 % 2.907 5 1.691 25,041,880 25,041,880 2,504,000 2,205,000 50,334,000 44,319,000 24,748,880 2.41% 38.

110 1,569,700 1,271,523 949,174 702,713 513,122 210,467 165,328 129,369 102,308 82,809 (44,807) (30,793) (34,318) (21,962) (20,061) 165,660 134,535 95,051 80,346 62,748 155,364 128,698 91,163 79,555 60,078 10,296 5,837 3,888 791 2,670 1,270,929 1,163,823 775,041 557,783 362,432 (233,107) (213,927) (470,726) (337,963) (165,956) (7,044) (8,297) (16,363) (8,243) (5,195) 1,030,778 941,599 287,952 211,577 191,281