Modern Living Investments Holdings Limited (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) 1933
Modern Living Investments Holdings Limited [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ][ ] 1% 0.0027% 0.005% 0.01 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ][ ] [ ] [ ] [ ] www.hkexnews.hk www.modernliving.com.hk [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ]
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[ ] [ ] [ ] [ ] 100% (i) (ii) (iii) 28 2016 7.9% 2015 2016 2016 9 2016 9 2015 2016 2017 303.6 344.5 116.7 (i) (ii) 1
2016 2015 2016 2017 302.8 342.4 116.7 99.7% 99.4% 100% 2
2016 9 2015 2016 2017 32.5 17.7 1.6 88.2% 85.4% 72.4% 2015 2016 30.2 14.0 2015 2016 82.0% 67.4% 2017 619,000 2,200 2015 2016 2017 247.9 294.2 107.5 81.6% 85.4% 92.2% 2015 5 1 30 32.5 2017 5 1 32.5 34.5 (i) (ii) (iii) [ ] R5A Group Limited [ ] R5A Group Limited 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% [ ] R5A Group Limited 30% R5A Group Limited R5A Group Limited R5A Group Limited 11.04 3
2015 2016 2016 2017 303,632 344,464 114,320 116,651 4,787 17,044 3,808 3,815 2,095 13,300 2,791 2,925 2015 2016 2017 4.8 17.0 3.8 1.6% 4.9% 3.3% 4 12 31 2017 2015 2016 4 30 100,561 132,887 131,516 8,884 10,388 10,190 61,185 79,104 74,884 1,266 2,571 2,458 46,994 61,600 64,364 2015 2016 2016 2017 402 3,187 (7,050) (5,814) (4,826) (918) (3,030) (416) (397) 14,112 12,794 (5,822) (4,821) 16,381 2,714 (12,052) 7,502 2,681 2,681 19,062 2,681 19,062 5,395 7,010
4 30 12 31 12 31 4 30 2015 2016 2017 4.5% 21.6% 13.6% 1.9% 9.3% 6.2% 1.6 1.7 1.8 23.3% 53.7% 45.4% 2017 10.0 [ ] [ ] [ ] [ ] [ ] [ ] (i) [ ] 2017 (ii) [ ] [ ] 5
[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (a) [ ] [ ] [ ] 18,000 (b) [ ] [ ] [ ] (c) [ ] [ ] [ ] [ ] [ ] 2017 2016 17 2020 21 94,000 (i) (ii) [ ] [ ] 6
[ ] 2017 4 30 45.4% [ ] [ ] [ ] [ ][ ] [ ] [ ][ ] 1 [ ] [ ] 2 [ ] [ ] (1) [ ] [ ] (2) [ ] [ ] [ ] [ ] [ ] [ ] 7
(i) (ii) (iii) 2017 5 6 2017 5 1 32.5 34.5 2017 5 31 2016 2017 5 [ ] [ ] 2017 [ ] 8
[ ] [ ] [ ] 344 123 A. 4. [ ] 9
622 2014 3 3 32 2014 3 3 2017 6 26 R5A Group Limited 2017 E. 1. 10
2017 57 2015 2015 12 31 2016 2016 12 31 2017 2017 12 31 11
[ ] [ ] [ ] [ ] [ ] [ ] [ ] 283 [ ] [ ] 12
2017 7 10 823 [ ] [ ] [ ] [ ] 485 [ ] 608 2001 10 17 2017 6 27 R5A Group Limited 13.96% 13
R5A Group Limited 16.28% R5A Group Limited 1.16% R5A Group Limited 12.79% R5A Group Limited 0.58% R5A Group Limited 55.23% [ ] [ ] [ ] [ ] 14
[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 32 [ ] [ ] [ ] [ ] 626 [ ] [ ] [ ] [ ] 15
[ ] [ ] [ ] [ ] R5A Group Limited R5A Group Limited 2017 6 23 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% R5A Group Limited S S [ ] 460 571 0.01 [ ] [ ] D. 16
[ ] [ ] 2015 2016 2017 [ ] [ ] [ ] [ ] 1933 354 [ ] [ ] [ ] [ ] 17
2000 9 6 60% 2016 2016 4 30 2017 2017 4 30 % 18
4,000 4,000 19
ISO OHSAS Occupational Health and Safety Advisory Services 20
[ ] [ ] 21
[ ] 2015 2016 2017 99.7% 99.4% 100% 22
(i) (ii) (i) (ii) (iii) 12 23
2016 5 2015 2016 2017 48.2 51.5 58.2 (i) (ii) 24
2015 2016 2017 303.6 344.5 116.7 2015 2016 2017 4.8 17.0 3.8 1.6% 4.9% 3.3% 2015 2016 2017 2.1 13.3 2.9 0.7% 3.9% 2.5% 25
2011 5 1 2017 5 1 34.5 2015 2016 2017 247.9 294.2 107.5 81.6% 85.4% 92.2% 12 2016 12 1 85,000 5% 4,250 69,461 89,250 85,000 5% 77.8% 26
27
2016 9 2015 2016 30.2 14.0 2015 2016 2017 1.8% 2.6% 1.7% 28
2000 1 29
90 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 30
17.29 [ ] [ ] 2017 10.0 31
[ ] [ ] [ ] [ ] 32
[ ] [ ] 33
[ ] [ ] 34
[ ] [ ] 35
[ ] [ ] 36
[ ] 599 3 5 C 13 26 A G 43 23 6 6 A 13 26 A 18B 15E 37
[ ] 10 3 28 B 2 D D 1007 38
[ ] [ ] 1 6 1 18 1802 [ ] [ ] [ ] 11 5 8 2203 A B 39
[ ] 1 2206 19 [ ] 8 19 22 1 6 1 18 1802 8 1 1706 [ ] [ ] 40
PO Box 1350 Clifton House, 75 Fort Street Grand Cayman KY1-1108 Cayman Islands 16 3 11 1102 1103 www.modernliving.com.hk 13 26 A 13 26 A G 43 G 43 41
[ ] [ ] 1 42
[ ] [ ] [ ] [ ] 440,000 1961 43
2012 2,276,900 2016 2,352,300 0.8% 2016 2021 1.2% 2021 2,501,200 2017 2021 94,000 2012 2016 2017 2017/18 280,000 3,000 2,500 2,000 1,500 1,000 500 0 2,276.9 2,287.3 2,311.8 2,324.6 2,352.3 2,378.6 2,406.1 2,440.2 2,473.0 2,501.2 1,117.9 0.8% 1.2% 1,123.6 1,136.4 1,145.5 1,158.8 1,168.7 1,179.1 1,190.5 1,201.6 1,213.2 768.1 772.1 781.5 783.2 797.4 810.8 827.6 842.7 857.4 869.2 390.9 391.6 393.9 395.9 396.1 399.1 399.4 407.0 414.0 418.8 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 16 21 12 16 0.9% 0.9% 0.9% 1.7% 0.3% 1.1% 2012 11,200 2016 14,500 6.7% 2016 2021 3.7% 2021 17,400 2015 2017 2021 44
6.7% 3.7% 22.7 21.0 16.4 17.0 17.4 14.1 14.5 15.1 13.1 14.2 11.2 11.3 12.4 13.4 16.8 13.1 14.1 14.3 11.2 9.9 7.6 6.8 5.0 3.0 0.0 0.0 0.0 1.3 0.2 0.2 25 20 15 10 5 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2015 2017 16,000 50,000 2011 170,000 2016 390,000 45
46
2012 489 4.9% 2016 592 2016 2021 5.3% 2021 769 90 80 70 60 50 40 30 20 10 0 48.9 49.7 14.6 14.8 31.7 32.5 4.9% 5.3% 54.2 56.2 16.2 16.9 59.2 62.4 17.7 18.6 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 66.7 19.5 69.2 20.5 73.0 21.5 35.8 37.5 39.7 41.9 44.3 46.9 49.5 2.6 2.4 2.2 1.8 1.8 1.9 1.9 1.9 2.0 2.0 76.9 22.5 52.4 12 16 16 21 5.0% 4.9% 5.8% 5.7% -8.4% 1.6% 2012 317 5.8% 2016 397 2016 2021 5.7% 2021 524 47
60 55 50 45 40 35 30 25 20 15 10 5 0 31.7 32.5 26.9 27.5 5.8% 5.7% 35.8 30.6 37.5 32.1 34.0 39.7 41.9 2012 2013 2014 2015 2016 2017 44.3 35.9 38.0 40.2 2018 46.9 2019 49.5 42.5 4.8 5.0 5.2 5.4 5.7 6.0 6.3 6.7 7.1 7.5 2020 52.4 44.9 2021 16 21 12 16 6.0% 5.7% 4.3% 5.5% 2012 48 4.3% 2016 57 2016 2021 5.5% 2021 75 48
10 9 8 7 6 5 4 3 2 1 0 4.8 5.0 5.2 2.8 2.9 4.3% 5.5% 5.4 5.7 3.0 3.1 3.3 3.5 3.7 4.0 4.2 4.4 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.9 3.0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 6.0 6.3 6.7 7.1 7.5 16 21 12 16 4.6% 5.8% 4.0% 5.2% 2016 57 76.9% 2016 44 23.2% 23.1% 76.9% 2016 44 2016 36.2% 2016 10.0% 7.9% 49
2016 44 10.0% 7.9% 6.4% 6.1% 63.8% 5.8% 2016 33 65.0% 22 35.0% 35.0% 65.0% 50
2016 22 2016 65.5% 2016 16.9% 15.9% 2016 34.5% 16.9% 15.9% 8.0% 12.8% 11.9% 2016 11 11 2016 65.5% 11 2017 94,000 2012 13 2016 17 68,000 460,000 280,000 60% 51
2012 13 2016 17 51,100 19,000 2016 2016 1 2 52
2016 2012 17,000 2016 20,000 2021 24,000 2012 15,000 2016 18,000 2021 21,000 2012 9,000 2016 12,000 2021 15,000 53
30,000 25,000 20,000 15,000 10,000 5,000 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2001 54
283 4(2A)(a) (i) (ii) (iii) (i) 57 282 115 485 (ii) (iii) (iv) (v) 55
(a) 4,000 (i) (ii) (b) A B A B 45,000 30,000 23,000 9,000 12 60 60 A B 56
(c) A B A B 70,000 35,000 23,000 9,000 12 60 60 A B 1. (a) (i) (ii) 2. (a) ISO 14001 (i) (iv) (i) (ii) 57
(iii) 2,000 3,000 (iv) (b) OHSAS 18001 (i)+(ii)+(iii) (i)+(ii)+(iv) (i) (ii) (iii) 2,000 3,000 (iv) 3. (a) (b) (i) 58
(ii) 4,500 500 2,000 40 (c) (i) (ii) 25 4. (a) 2 (b) 1 2 20% 59
5. 6. 1 2 2 1 60
1 3 2 E 3 C 3 4 2 3 2 7. 8. 9. 10. (a) (i) (ii) 61
(iii) (iv) 12 62
(v) (vi) (vii) (viii) 63
(b) (i) (ii) 221 8 5 (iii) 17(I)(1) 221 89 41 38A(4) (iv) 7 7A 43E (v) (vi) 2006 5 1 (c) (i) (ii) 36 (iii) 36 64
(iv) 36 (v) 1. (a) (i) (ii) 2. OHSAS 18001 (i) (iv) (i) (ii) (iii) A B A B 750 250 65
(iv) 3. A 1,500 5 4. A (a) (a) 20% (b) 700,000 (b) 800,000 5. 1 30 66
6. 7. 8. 9. 1. (i) (ii) 2. IV I 67
3. A 20 4. A (a) (a) 20% (b) 1 (b) 600,000 5. 1 100 6. 7. 68
8. 2016 5 26 2016 10 24 2016 10 24 (i) (ii) (iii) 1 2 7 66(2) 68 3 5 6(1) (i) (ii) 7(2) 8(1) (i) (ii) 1 1 (iii) 2 2 11(2) (i) (ii) (iii) 5 (iv) (v) (vi) (i) (ii) (iii) 69
5 (iv) (v) (vi) 28 30 22 2015 2015 573 344 70
507 550 (a) (b) 18 (c) (a) (b) 71
(a) 200,000 (b) 20% (a) (b) 509 72
485 30,000 5% 57 43C 43F 282 24 73
608 34.5 115 17I 350,000 354 9 10 9 11 12(1) 11 (a) 48 9 10 (b) 354M 74
460 10 (i) (ii) (i) (ii) (iii) (iv) 11(1) (i) (ii) (iii) 1995 6 1 406 406D 75
2001 2000 2002 Leung Kai Pong Fan Wing Chuen Yip Kam Chuen 2001 11 Leung Kai Pong Fan Wing Chuen Yip Kam Chuen Sheen Choice Limited Sheen Choice Limited 2007 Sheen Choice Limited Li Yuk Ching 2013 25% 2007 25% 45% R5A Group Limited 2016 344.5 28 2,200 76
2002 2004 2009 2011 ISO 9001 2008 ISO 10002 2014 ISO 14001 2004 OHSAS 18001 2007 2012 2014 52,497 66,876 2015 2014 2016 2015 2017 2016 2016 2016 77
2017 6 26 380,000 38,000,000 0.01 2017 6 26 Reid Services Limited R5A Group Limited 2017 7 10 2017 7 10 R5A Group Limited 1,719 200 120 40 20 2017 6 27 50,000 1.00 2001 10 17 78
2002 7 23 Leung Kai Pong Fan Wing Chuen Yip Kam Chuen 2007 4 30 Sheen Choice Limited Li Yuk Ching 2013 2010 8 16 Fan Wing Chuen 2013 2 7 Yip Kam Chuen 2013 11 6 Fan Wing Chuen Leung Kai Pong Fan Wing Chuen Yip Kam Chuen 20,000 4% 20,000 Leung Kai Pong Sheen Choice Limited Li Yuk Ching 125,000 90,000 15,000 15,000 25% 18% 3% 3% 3,754,237 2,703,052 450,509 450,509 Li Yuk Ching Sheen Choice Limited Fan Wing Chuen 5,000 1% 143,600 Yip Kam Chuen 350,000 3.5% 793,068.50 Yip Kam Chuen Fan Wing Chuen 400,000 4% 1,056,480 Fan Wing Chuen 2014 10 6 2011 8 10 100,000 0.488% 192,000 79
21,460,00021,000,000 8,600,000 40.95% 2,400,000 11.43% 2001 2,200,000 10.48% 2,000,000 9.52% 1,800,000 8.57% Yuen Moon Chee 1,200,000 5.71% 2001 600,000 2.86% Lau Chak Man 600,000 2.86% Szeto Shuk Yee 400,000 1.91% 400,000 1.91% 2001 400,000 1.91% Li Woon Fun Louis 200,000 0.95% 200,000 0.95% 21,000,000 100.00% 80
2015 12 3 Li Woon Fun Louis Li Woon Fun Louis 100,000 0.48% 242,200 2015 12 3 Li Woon Fun Louis Li Woon Fun Louis 100,000 0.48% 242,200 Li Woon Fun Louis 2015 12 3 500,000 2.38% 1,136,000 2015 12 3 200,000 0.95% 454,400 2015 12 3 Lau Chak Man Lau Chak Man 200,000 0.95% 454,400 81
2015 12 3 Lau Chak Man Lau Chak Man 400,000 1.90% 908,800 Lau Chak Man 2015 12 3 Yuen Moon Chee Yuen Moon Chee 1,200,000 5.71% 2,726,400 Yuen Moon Chee 2016 10 3 Szeto Shuk Yee Szeto Shuk Yee 400,000 1.91% 968,800 Szeto Shuk Yee 82
2015 12 3 2016 10 3 9,500,000 45.24% 2,800,000 13.33% 2,400,000 11.43% 2001 2,200,000 10.48% 2,000,000 9.52% 1,200,000 5.71% 400,000 1.91% 200,000 0.95% 200,000 0.95% 2001 100,000 0.48% 21,000,000 100.00% 83
45.24% 13.33% 11.43% 10.48% 9.52% 5.71% 1.91% 0.95% 0.95% 0.48% [ ] (a) 2017 6 23 R5A Group Limited R5A Group Limited 50,000 1.00 2017 7 6 R5A Group Limited 950 279 240 220 20 10 R5A Group Limited (b) 2017 6 26 380,000 38,000,000 0.01 2017 6 26 R5A Group Limited (c) 2017 6 27 50,000 1.00 84
(d) 2017 7 10 2017 7 10 R5A Group Limited 1,719 200 120 40 20 [ ] 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% R5A Group Limited 81.91% 9.52% 5.71% 1.91% 0.95% 100% 100% 85
[ ] 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% R5A Group Limited 100% 100% 86
100% (i) (ii) (iii) 28 2016 7.9% 2000 2002 2002 6,192 2,200 28 80,800 2016 2015 2016 2016 9 2016 9 87
28 1,751,389 2015 2016 2017 303.6 344.5 116.7 2.1 13.3 2.9 2018 12 31 2019 2020 88
2016 7.9% 2016 2002 15 89
2,200 24 23 10 90
2016 28 80,800 85,000 5% 69,461 89,250 85,000 5% 77.8% 19,789 2018 27,000 12,000 2018 2019 2018 2018 39,000 19,789 (i) (ii) 91
[ ][ ] [ ] [ ] [ ][ ] [ ] [ ] [ ][ ] [ ] 2016/17 2020/21 21,000 [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ] [ ][ ] [ ] 92
2,200 [ ][ ] [ ] [ ] [ ][ ] [ ] [ ] [ ][ ] [ ] 100% (i) (ii) (iii) 28 28 19 80,800 93
2015 12 31 2016 12 31 2017 4 30 26 79,761 79,861 79,705 (i) (ii) (iii) 94
(iv) (v) (vi) 24 (i) (ii) 95
170 96
30 13 (i) (ii) (i) (ii) (iii) (iv) (v) (vi) 2002 1,189 97
24 2016 9 98
2015 2016 2017 296 620 681 (i) (ii) (iii) 2015 2016 2017 302.8 342.4 116.7 99.7% 99.4% 100% 5% 5% 2016 12 1 70,000 85,000 4,250 5% 89,250 25% 69,461 89,250 85,000 5% 77.8% 19,789 99
2015 2016 2017 99.7% 99.4% 100% 2016 7.9% 2016 2016 (i) 2014 12 16 2016 2015 16 73,200 16,200 (ii) 11 11 (iii) 15 28 80,800 100
(iv) (v) (vi) 21 11 (vii) 2016 4 5 (viii) 101
102
?? 103
2016 12 1 70,000 85,000 5% 4,250 5% 89,250 2015 1 1 66,116 70,000 3,884 2015 2015 12 31 69,158 70,000 2016 104
2015 2016 12 2017 (i) (ii) (iii) 105
30 21 90 12 (i) (ii) 106
23 90 12 (i) (ii) 2018 12 31 2019 2020 107
90 14 (i) (ii) (i) (ii) (iii) (iv) 108
30 21 23 2015 2016 2017 48.2 51.5 58.2 109
(i) (ii) 2016 9 2015 (%) 1. 30,227 82.0% 7 2. B 828 2.2% 2 3. C 644 1.7% 3 4. D 459 1.2% 3 5. E 353 1.1% 2 32,511 88.2% 110
2016 (%) 1. 13,993 67.4% 7 2. B 1,326 6.4% 2 3. F 1,210 5.8% 1 4. G 798 3.8% 2 5. D 405 2.0% 3 17,732 85.4% 2017 (%) 1. F 619 32.6% 2. G 381 20.1% 2 3. I 177 9.3% 1 4. J 174 9.2% 1 5. K 156 8.2% 1 1,507 79.5% 2015 2016 2017 32.5 17.7 1.5 88.2% 85.4% 79.5% 2015 2016 30.2 14.0 82.0% 67.5% 2016 9 2017 619,000 30 60 111
2016 9 [ ] [ ] 60% 5% 2016 9 (i) (ii) (iii) (iv) ISO (v) (vi) 112
(i) (ii) (iii) (iv) ISO9001 2015 ISO9001 2008 ISO100002 2014 ISO14001 2015 ISO14001 2004 OHSAS 18001 2007 113
14 2012 11 8 2017 11 7 IIA IIA 2016 12 19 2020 3 19 114
2011 ISO 9001 2015 2020 7 20 2011 ISO 10002 2014 2020 7 20 2011 ISO 14001 2015 2020 7 20 2011 OHSAS 18001 2007 2020 7 20 2011 115
2017 2016 2017 2016 2017 2016 2017 2016 2017 2016 2015 2016 2015 2016 2015 116
2016 2015 2015 2015 2015 2014 2015 2014 2015 12 31 2016 12 31 2017 4 30 2015 2016 2017 12 31 12 31 4 30 1,436 2,053 2,205 2,229 1,189 685 355 2,229 117
53.3% 6 14 4 1 2 1 3 2 2 35 118
2015 2016 2017 247.9 294.2 107.5 81.6% 85.4% 92.2% 30 32.5 2015 5 1 2017 5 1 32.5 34.5 2015 247.9 2016 294.2 2015 119
303.6 2016 344.5 12 D. 120
121
122
9 354N 11 10(1) 12(1) (a) 9 10 48 (b) 11 2017 5 12 2017 5 16 (a) 10(1) 9 (b) 9(a) (c) (d) 11 123
(a) [ ] 2017 7 (b) 2017 7 (c) (d) (e) (f) [ ] 2017 6 124
2017 7 3 11 1102 1103 1,561 2017 7 5 2020 7 4 24 8.01A 32L 6(2) 34(2) 342(1)(b) www.modernliving.com.hk B. 2. (a) (b) 125
2016 7.9% (i) (ii) (iii) 200 100 200 200 25 500,000 126
(i) (ii) (iii) 2015 2016 2017 13 3.6 127
[ ] R5A Group Limited [ ] R5A Group Limited 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% [ ] R5A Group Limited 30% R5A Group Limited R5A Group Limited R5A Group Limited 2017 6 23 R5A Group Limited 2017 7 6 R5A Group Limited (i) [ ] [ ] [ ] 128
[ ] [ ] [ ] (ii) [ ] [ ] (iii) R5A Group Limited R5A Group Limited R5A Group Limited 129
[ ] 11.04 [ ] (i) (ii) (iii) (a) 5% (b) 130
(i) (ii) (iii) (iv) (v) (vi) (vii) 131
(viii) (ix) (v) [ ] (i) (ii) 30% (1) (2) (3) 132
(4) (5) 133
58 2005 1 1 2017 7 6 57 2007 7 31 2017 7 6 59 2007 4 30 2017 7 6 51 2002 12 1 2017 7 6 57 2007 4 30 2017 7 6 66 2017 7 6 2017 7 6 134
60 2017 2017 57 2017 2017 69 2017 2017 135
45 2016 10 4 43 2009 7 20 62 2007 5 18 53 2014 10 1 56 2003 2 20 28 2010 5 17 58 2017 7 6 24 1992 8 2003 5 2003 7 2004 12 2005 1 2007 6 2014 5 2014 6 136
1986 7 1987 10 1989 3 291AA 2004 4 19 2004 8 27 57 2017 7 6 23 1993 10 2009 6 2007 7 2009 8 1983 11 2002 9 1986 10 2002 12 2003 8 137
Wai Sing Metal Company Limited Wai Sing 1992 3 18 1992 5 9 1993 5 31 1993 9 14 6 30A 1996 11 29 1996 11 29 Wai Sing 1996 59 2017 7 6 2007 4 30 1983 11 1985 4 138
1985 7 1989 3 Deloitte Haskins & Sells Deloitte Touche Tohmatsu 1989 5 1990 5 Coopers & Lybrand 1991 1996 1997 1998 Sung Fung & Co Sung Fung Tam & Co 1999 2012 4 2014 10 515 LED 1987 12 1995 2 1986 3 1989 4 ( 1984 3 291AA 751 Diamond Towers 2010 9 9 2010 1 29 Limited Austria Asia International 2015 11 5 2016 3 24 Trading Limited 2009 8 13 2009 12 31 2009 1 21 2009 6 5 Tyin Group Holdings Limited 2016 5 9 2016 9 23 2016 6 8 2016 10 21 139
Lightscape Technologies, Inc. (i) (ii) 2010 8 23 51 2017 7 6 28 1989 4 1995 1 1995 1 2002 12 2002 12 2014 6 1987 11 57 2017 7 6 30 1979 10 1980 9 Peat, Marwick, Mitchell & Co. 1983 7 1985 2 1985 2 1987 12 1988 1 1989 5 1990 3 140
1993 2 1994 3 1995 7 SCSI 1995 9 2007 4 1983 11 1985 10 291AA 291AA 2004 9 21 2005 1 28 2002 8 3 2002 12 13 2010 1 14 2010 5 28 66 2017 7 6 28 1975 3 1977 8 1977 9 1979 8 1987 3 2015 9 1968 141
60 2017 30 2016 1 1979 8 1987 7 Toronto Real Estates Board 1988 7 1989 7 B.H. Levelton & Associates Limited 1989 8 1990 12 1991 1 1997 8 1997 9 1999 12 2000 1 2004 10 2004 10 2007 1 2007 1 2010 4 142
2010 5 2016 10 1979 1988 1998 2002 2016 1982 6 1989 10 1983 8 1984 8 1992 4 1993 4 1991 1 1999 8 291 2003 4 25 57 2017 Walcom Group Limited 2006 12 32 143
1983 8 1986 7 1986 7 1986 11 1986 11 1988 6 C.I.M. & Associates Limited 1988 7 1998 12 Faiton Industrial Limited 1999 2 2005 12 2006 6 2014 10 515 LED 1983 6 2008 1 2008 2 291AA 751 2001 7 26 2001 12 7 2008 5 26 2008 10 10 2002 4 13 2002 8 23 2009 8 13 2009 12 31 144
291 2002 8 23 Grace Luck Limited Peipus Worldwide Limited Profit Access Group Limited Tinkerbelle Services Limited Winlok Assets Management Limited 69 2017 38 2007 1 1991 6 2006 3 1993 2006 2000 2007 2006 1978 (i) X V (ii) (iii) 145
17.50(2) 45 2016 10 4 16 2001 4 2016 7 1994 11 2002 12 43 2009 7 20 2008 10 2009 7 19 1997 12 2004 2 62 2007 5 18 40 1977 2 2003 6 2003 7 2004 10 2005 1 2007 5 1997 11 53 2014 10 1 28 1989 3 2001 1 1997 7 146
56 2003 2 20 36 1981 8 1987 7 1987 7 2003 1 1980 11 1982 11 28 2010 5 17 2016 12 2010 10 2012 1 2016 12 [ ] 147
2015 2016 2017 2.5 2.3 0.8 2015 2016 2017 2.2 2.5 1.2 2015 2016 2017 2017 2.0 D. C.3.3 148
B.1.2 A.5.2 [ ] 6A.19 6A.23 (a) (b) (c) [ ] 149
(d) 17.11 [ ] [ ] 18.03 150
[ ] [ ] [2,000,000,000] [0.01] [20,000,000] [ ] 2,100 21 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 11.23(7) [ ] 25% [ ] [ ][ ] [ ] [ ] 151
[ ] (i) [ ] 20% (ii) (i) (ii) (iii) A. 4. [ ] [ ] 10% A. 4. (i) (ii) 152
(iii) A. 4. D. 153
[ ] XV 2 3 10% [ ] [ ] (1) R5A Group Limited (2) [ ] (L) [ ] (2) [ ] (L) [ ] (3) [ ] (L) [ ] (1) L (2) R5A Group Limited [ ] [ ] [ ]% R5A Group Limited 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% R5A Group Limited (3) [ ] 6. XV 2 3 10% 2015 2016 12 31 2017 4 30 154
2015 12 31 2016 12 31 2017 4 30 (i) (ii) (iii) 28 2015 2016 2017 302.8 342.4 116.7 99.7% 99.4% 100.0% 2015 2016 2016 9 2016 9 155
2015 2016 2017 99.7% 99.4% 100.0% 2,200 2015 2016 2017 247.9 294.2 107.5 2015 2016 2017 81.6% 85.4% 92.2% 2015 5 1 30 32.5 2017 5 1 34.5 12 2015 2016 2017 5% 8% 10% +10% +8% +5% 5% 8% 10% 2015 (24,790) (19,832) (12,395) 12,395 19,832 24,790 2016 (29,416) (23,533) (14,708) 14,708 23,533 29,416 2017 (10,753) (8,602) (5,376) 5,376 8,602 10,753 156
2015 2016 2016 9 2016 9 2015 2016 2017 5% 8% 10% +10% +8% +5% 5% 8% 10% 2015 (3,023) (2,418) (1,511) 1,511 2,418 3,023 2016 (1,399) (1,119) (700) 700 1,119 1,399 2017 2016 9 [ ] 2017 6 26 2017 7 10 2015 12 31 2016 157
12 31 2017 4 30 2 4 (i) 158
(ii) (iii) (iv) 159
2015 2016 2016 2017 303,632 344,464 114,320 116,651 642 406 103 101 (963) 132 (225) 14 (247,900) (294,164) (96,271) (107,525) (33,593) (18,245) (9,319) (1,368) (2,084) (2,012) (676) (407) (1,490) (1,874) (612) (710) (13,457) (11,663) (3,512) (2,941) 4,787 17,044 3,808 3,815 328 5 3 1 (2,173) (1,075) (393) (301) (1,845) (1,070) (390) (300) 2,942 15,974 3,418 3,515 (847) (2,674) (627) (590) 2,095 13,300 2,791 2,925 (i) (ii) (iii) 2015 2016 2017 302.8 342.4 116.7 99.7% 99.4% 100.0% 160
2015 303.6 13.4% 2016 344.5 (i) 2015 2016 2016 (ii) (iii) 2017 116.7 2016 114.3 2015 2016 2017 0.6 0.4 0.1 2015 2016 0.1 2015 1.0 2016 2017 0.1 14,000 2015 1.0 (i) 0.4 (ii) 0.6 2015 2016 0.1 2017 14,000 161
2015 2016 2017 247.9 294.2 107.5 2015 2016 2016 2017 236,074 77.8 280,384 81.4 91,768 80.3 102,488 87.9 10,912 3.6 12,624 3.7 4,168 3.6 4,402 3.8 563 0.2 851 0.2 244 0.2 536 0.5 351 0.1 305 0.1 91 0.1 99 0.1 247,900 81.6 294,164 85.4 96,271 84.2 107,525 92.2 2015 2016 2017 95.2% 95.3% 95.3% 2015 2016 2016 2017 % % % % 118,544 47.8 134,189 45.6 44,521 46.2 46,985 43.7 87,345 35.2 94,485 32.1 33,405 34.7 33,225 30.9 42,011 16.9 65,490 22.3 18,345 19.1 27,315 25.4 247,900 100.0 294,164 100.0 96,271 100.0 107,525 100.0 (i) (ii) (iii) 2015 118.5 13.2% 2016 134.2 2016 44.5 5.5% 2017 47.0 2015 2016 2015 87.3 8.2% 2016 94.5 162
2017 2016 2017 2015 42.0 55.9% 2016 65.5 2016 18.3 48.9% 2017 27.3 2016 9 2016 2017 2015 2016 2017 33.6 18.2 1.4 2015 2016 2016 2017 30,227 10.0 13,993 4.1 8,246 7.2 3,366 1.1 4,252 1.2 1,073 1.0 1,368 1.2 33,593 11.1 18,245 5.3 9,319 8.2 1,368 1.2 2016 9 2016 2017 2015 3.4 2016 4.3 2016 1.1 2017 1.4 2015 2016 2017 2.1 2.0 0.4 163
2015 2016 2017 1.5 1.9 0.7 2016 0.4 2016 2017 0.6 0.7 2015 2016 2016 2017 2,482 0.8 2,872 0.8 987 0.9 874 0.7 1,426 0.5 1,280 0.4 416 0.4 267 0.2 687 0.2 1,129 0.3 357 0.6 201 0.2 838 0.2 1,044 0.3 328 0.3 199 0.2 1,819 0.6 993 0.3 241 0.2 270 0.2 1,396 0.5 369 0.1 168 0.1 132 0.1 298 0.1 486 0.1 132 0.1 160 0.1 385 0.1 260 0.1 59 0.1 96 0.1 406 0.1 141 0.0 36 0.0 74 0.1 3,720 1.2 3,089 0.9 788 0.7 668 0.6 13,457 4.4 11,663 3.4 3,512 3.1 2,941 2.5 2015 2016 2017 13.5 11.7 2.9 2016 1.8 (i) 0.8 2016 (ii) 1.0 2017 0.6 164
2015 2016 2017 4.8 17.0 3.8 1.6% 4.9% 3.3% 2015 1.6% 3.3 2016 4.9% (i) 2016 2016 (ii) 2016 (iii) 2016 2015 2016 2017 2.2 1.1 0.3 0.3 5,000 1,000 2015 0.3 2015 2.2 2016 1.1 (i) 0.4 2016 2015 (ii) 0.7 2016 0.4 2017 0.3 2015 2016 2017 0.8 2.7 0.6 16.5% 2015 28.8% 2016 16.7% 2017 16.8% 2015 2015 0.4 165
2015 2016 2017 2.1 13.3 2.9 0.7% 3.9% 2.5% 2016 2017 2.5% 2016 2.4% 2017 2016 2017 116.7 2016 114.3 2016 2017 0.1 2017 14,000 2016 0.2 2017 2016 0.2 2017 107.5 2016 96.2 11.7% 2016 9 2017 2017 1.4 2016 9.3 85.3% 2017 2016 8.2 166
2016 0.7 0.3 39.8% 2017 0.4 2016 2017 0.6 0.7 2017 2.9 2016 3.5 0.6 16.3% 2016 2017 3.8 3.3% 2016 2017 0.4 0.3 2016 2017 0.6 2017 16.8% 2016 16.7% 2017 2.9 2016 2.8 0.1 4.8% 2016 2017 2.4% 2.5% 2016 2015 2016 344.5 2015 303.6 40.8 13.4% 167
(i) 2015 2016 2016 (ii) (iii) 2015 0.6 0.2 2016 0.4 2015 1.0 2016 0.1 2015 1.0 (i) 0.4 (ii) 0.6 2015 2016 0.1 2016 294.2 2015 247.9 46.3 18.7% 2016 2016 9 2015 2016 2016 18.2 2015 33.6 15.4 45.7% 2016 16.2 2016 9 168
2016 2015 2016 2.1 2.0 2015 1.5 0.4 2016 1.9 2015 13.5 1.8 13.3 2016 11.7 2016 1.8 (i) 2016 (ii) 1.0 2015 4.8 2016 17.0 2015 1.6% 3.3 2016 4.9% (i) 2016 2016 (ii) 2016 (iii) 2016 2015 1.8 0.8 2016 1.1 (i) 1.1 (ii) 0.3 169
2016 1.1 (i) 0.4 2016 2015 (ii) 0.7 2015 0.3 2016 2015 2016 0.8 2.7 2015 28.8% 2016 16.7% 2015 2015 0.4 2016 13.3 2015 2.1 11.2 2015 0.7%3.2 2016 3.9% 170
12 31 4 30 5 31 2015 2016 2017 2017 1,953 54,521 65,298 73,502 73,264 7,251 5,977 8,453 5,361 294 33,861 36,554 36,555 36,555 2,681 25,058 13,006 8,557 100,561 132,887 131,516 123,737 7,163 238 312 355 26,377 28,521 28,370 26,545 10,321 31,146 27,469 24,630 17,324 17,388 16,388 16,388 1,811 2,345 2,528 61,185 79,104 74,884 70,446 39,376 53,783 56,632 53,291 171
2015 12 31 2016 12 31 2017 4 30 39.4 53.8 56.6 2015 12 31 39.4 54.5 54.2% 33.9 33.7% 26.4 43.1% 17.3 28.3% 10.3 16.9% 2016 12 31 53.8 65.3 49.1% 36.6 27.5% 25.1 18.9% 31.1 39.4% 28.5 36.1% 17.4 22.0% 2017 4 30 56.6 73.5 55.9% 36.6 27.8% 28.4 37.9% 27.5 36.7% 16.4 21.9% 2017 5 31 2017 5 31 53.3 73.3 59.2% 36.6 29.5% 26.5 37.7% 24.6 35.0% 16.4 23.3% 172
12 31 4 30 2015 2016 2017 5,783 6,822 6,528 1,113 1,513 1,595 1,988 2,053 2,067 8,884 10,388 10,190 1,953 54,521 65,298 73,502 7,251 5,977 8,453 294 33,861 36,554 36,555 2,681 25,058 13,006 100,561 132,887 131,516 634 618 674 632 1,953 1,784 1,266 2,571 2,458 7,163 238 312 26,377 28,521 28,370 10,321 31,146 27,469 17,324 17,388 16,388 1,811 2,345 61,185 79,104 74,884 46,994 61,600 64,364 173
2015 12 31 2016 12 31 2017 4 30 5.8 6.8 6.5 2016 12 31 2016 2.7 0.7 2015 12 31 2016 12 31 2017 4 30 1.1 1.5 1.6 2015 12 31 2016 12 31 2017 4 30 2.0 2.1 2.1 2015 12 31 2.0 2016 5,000 174
2015 12 31 2016 12 31 2017 4 30 54.5 65.3 73.5 12 31 4 30 2015 2016 2017 44,090 53,195 59,978 10,431 12,103 13,524 54,521 65,298 73,502 2015 12 31 54.5 19.8% 2016 12 31 65.3 2016 13.5% 2017 4 30 73.5 12 31 4 30 2015 2016 2017 30 27,280 30,339 30,003 31 60 15,398 21,065 28,596 61 901 1,412 1,791 1,379 44,090 53,195 59,978 2017 4 30 60.0 175
2015 2016 2017 48.2 51.5 58.2 365 120 50 60 30 21 2015 12 31 2016 12 31 2017 4 30 4.7 22.3 18.7 2015 12 31 2016 12 31 2017 4 30 4.2 20.0 16.8 (ii) 12 31 4 30 2015 2016 2017 437 475 475 49 49 1,725 2,067 2,144 6 23 2,884 1,106 3,063 2,601 2,159 1,818 300 300 7,251 5,977 8,453 176
1.7 2.1 2.1 2017 4 30 2.9 [ ] 2.7 2015 12 31 2016 12 31 2017 4 30 1.1 3.1 2.6 1.0 2.5 1.7 2015 12 31 5.4 2016 2015 12 31 2016 12 31 2017 4 30 1.8 0.3 0.3 2015 2016 2017 7 2015 12 31 2016 12 31 2017 4 30 33.9 36.6 36.6 12 31 4 30 2015 2016 2017 632 1,953 1,784 10,098 30,655 26,791 223 491 498 10,953 33,099 29,253 177
(i) 2015 12 31 2016 12 31 2017 4 30 0.9 2.4 2.3 2016 12 311.6 2016 (ii) 12 31 4 30 2015 2016 2017 5,996 5,996 4,230 20,040 16,785 1,248 1,311 1,333 4,620 3,308 2,857 10,098 30,655 26,971 2015 12 31 2016 12 31 2017 4 30 4.2 20.0 16.8 2016 12 31 2016 2015 12 31 2016 12 31 2017 4 30 6.25% 2015 12 31 2016 12 31 2017 4 30 5.9 4.6 4.2 2015 12 31 2.25% 5.25% 2016 3 31 2017 4 30 2.5% 5.25% 178
(i) 2015 12 31 2016 12 31 2017 4 30 7.2 0.2 0.3 12 31 4 30 2015 2016 2017 0 30 7,163 143 312 31 60 95 7,163 238 312 2015 12 31 7.2 2016 9 2016 12 31 2017 4 30 2016 12 31 2017 4 30 2017 4 30 2015 2016 2017 66.6 65.1 17.4 365 120 2015 2016 2017 66.6 65.1 17.4 2015 2016 2016 2016 12 31 2016 2016 12.8 2017 179
(ii) 12 31 4 30 2015 2016 2017 5,734 4,733 4,993 2,271 3,122 3,658 15,410 18,476 18,693 2,654 2,190 1,026 308 26,377 28,521 28,370 2015 12 31 2016 12 31 2017 4 30 80.2% 81.4% 83.5% 2015 12 31 26.4 2.1 2016 12 31 28.5 3.1 2017 4 30 28.4 2016 12 31 28.5 2015 12 31 2016 12 31 2017 4 30 17.3 17.4 16.4 180
2015 12 31 2016 12 31 2017 4 30 1.8 2.3 2016 12 31 2015 12 31 2015 12 31 2017 4 30 2.3 2017 [ ][ ] 2015 2016 2016 2017 402 3,187 (7,050) (5,814) (4,826) (918) (3,030) (416) (397) 14,112 12,794 (5,822) (4,821) 16,381 2,714 (12,052) 7,502 2,681 2,681 19,062 2,681 19,062 5,395 7,010 5,996 5,895 5,996 2,681 25,058 11,290 13,006 181
2015 0.4 6.9 5.7 0.8 5.7 (i) 10.4 (ii) 2.9 (iii) 0.9 2016 3.2 19.0 15.2 0.6 15.2 (i) 10.8 (ii) 6.9 (iii) 3.1 2017 5.8 4.6 10.4 10.4 (i) 8.2 (ii) 1.8 2015 4.8 5.0 1.6 2013 1.9 2016 0.9 2.7 1.5 1.9 1.2 2017 0.4 0.4 182
2015 0.4 4.2 1.4 1.2 1.8 2016 14.1 26.0 1.5 11.5 1.0 2017 5.8 6.8 1.0 [ ] 0.7 2017 [ ]2.0 3.1 2015 2016 2017 454 498 394 211 86 420 748 846 2,725 22 2017 4 30 2018 12 31 0.5 183
2015 2016 12 31 2017 4 30 2017 5 31 12 31 4 30 5 31 2015 2016 2017 2017 632 1,953 1,784 1,740 10,098 30,655 26,971 24,129 223 491 498 501 17,324 17,388 16,388 16,388 27,645 48,534 43,857 41,018 28,277 50,487 45,641 42,758 2017 5 31 42.8 24.1 2.3 16.4 2017 5 31 (i) 2.1 (ii) 36.6 (iii) 22.3 (iv) (v) 2017 5 31 2.2 184
2017 5 31 56.8 2017 5 31 2017 5 31 2015 12 31 2016 12 31 2017 4 30 2015 12 31 2016 12 31 2017 4 30 2015 12 31 2016 12 31 2017 4 30 26 27 27 2015 12 31 2016 12 31 2017 4 30 61.0 56.8 56.8 2015 12 31 2016 12 31 2017 4 30 185
2015 2016 2017 1 4.5% 21.6% 13.6% 2 1.9% 9.3% 6.2% 3 1.6 1.7 1.8 4 5 23.3% 53.7% 45.4% 1. 2017 2017 2. 2017 2017 3. 4. 2015 2016 12 31 2017 4 30 5. 2015 4.5% 2016 21.6% 2015 2.1 2016 13.3 2016 12 31 2015 12 31 47.0 31.1% 2016 12 31 61.6 2017 13.6% 2015 1.9% 2016 9.3% 2016 12 31 2015 12 31 30.9% 2017 6.2% 186
1.6 1.8 2015 12 31 23.3% 2016 12 31 53.7% 2015 12 31 11.0 2016 12 31 33.1 2016 12 31 53.7% 2017 4 30 45.4% 3.8 2017 4 30 [ ] [ ] [ ] [ ] [ ] [ ] (i) [ ] 2017 (ii) [ ] [ ] [ ] [ ] 12 32 32 187
3.1 2017 10.0 188
2017 6 26 2017 4 30 2017 4 30 2017 4 30 17.15 17.21 A. 189
[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] (a) [ ] [ ] [ ] 18,000 (b) [ ] [ ] [ ] (c) [ ] [ ] [ ] 190
[ ] 2017 12 31 [ ] [ ] [ ] 2018 1 1 2018 6 30 [ ] [ ] [ ] [ ] 191
[ ] 2018 7 1 2018 12 31 [ ] [ ] [ ] 2019 1 1 2019 6 30 [ ] [ ] 2019 7 1 2019 12 31 [ ] [ ] 192
[ ] [ ] [ ] 2017 12 31 2018 6 30 2018 12 31 2019 6 30 2019 12 31 [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] 193
[ ] [ ] 2017 2016 17 2020 21 94,000 (i) (ii) [ ] [ ] [ ] [ ] 2017 4 30 45.4% [ ] 194
[ ] [ ] [ ] 2018 12 31 18,000 195
[ ] 196
[ ] [ ] 197
[ ] [ ] 198
[ ] [ ] 199
[ ] [ ] 200
[ ] [ ] 201
[ ] [ ] 202
[ ] [ ] 203
[ ] [ ] 204
[ ] [ ] 205
[ ] [ ] 206
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[ ] [ ] 224
[ ] [ ] 225
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[ ] [ ] 227
[ ] [ ] 228
[ ] [ ] 229
I-1 I-3 [ ] 200 [ ] [ ] I-4 I-47 2015 2016 12 31 2017 4 30 I-4 I-47 [ ] 1.3 2.1 I-1
200 1.3 2.1 1.3 2.1 2015 2016 12 31 2017 4 30 2016 4 30 1.3 2 2410 I-2
1.3 2 I 4 14 I-3
I. 12 31 4 30 2015 2016 2016 2017 6 303,632 344,464 114,320 116,651 7 642 406 103 101 8 (963) 132 (225) 14 10 (247,900) (294,164) (96,271) (107,525) (33,593) (18,245) (9,319) (1,368) (2,084) (2,012) (676) (407) 16 (1,490) (1,874) (612) (710) (13,457) (11,663) (3,512) (2,941) 9 4,787 17,044 3,808 3,815 328 5 3 1 (2,173) (1,075) (393) (301) 12 (1,845) (1,070) (390) (300) 2,942 15,974 3,418 3,515 13 (847) (2,674) (627) (590) 2,095 13,300 2,791 2,925 I-4
12 31 4 30 2015 2016 2016 2017 27 1,576 1,306 849 (161) 1,576 1,306 849 (161) 3,671 14,606 3,640 2,764 15 I-5
12 31 4 30 2015 2016 2017 16 5,783 6,822 6,528 18 1,113 1,513 1,595 17 1,988 2,053 2,067 8,884 10,388 10,190 19 1,953 18 54,521 65,298 73,502 18 7,251 5,977 8,453 294 20 33,861 36,554 36,555 21 2,681 25,058 13,006 100,561 132,887 131,516 109,445 143,275 141,706 22 21,460 21,460 21,460 22 25,534 40,140 42,904 46,994 61,600 64,364 26 634 618 674 24 632 1,953 1,784 1,266 2,571 2,458 23 7,163 238 312 23 26,377 28,521 28,370 24 10,321 31,146 27,469 25 17,324 17,388 16,388 1,811 2,345 61,185 79,104 74,884 62,451 81,675 77,342 109,445 143,275 141,706 I-6
22 2015 1 1 21,460 810 21,053 43,323 2,095 2,095 1,576 1,576 3,671 3,671 2015 12 31 21,460 810 24,724 46,994 2016 1 1 21,460 810 24,724 46,994 13,300 13,300 1,306 1,306 14,606 14,606 2016 12 31 21,460 810 39,330 61,600 2017 1 1 21,460 810 39,330 61,600 2,925 2,925 (161) (161) 2,764 2,764 2017 4 30 21,460 810 42,094 64,364 2016 1 1 21,460 810 24,724 46,994 2,791 2,791 849 849 3,640 3,640 2016 4 30 21,460 810 28,364 50,634 I-7
12 31 4 30 2015 2016 2016 2017 28 1,214 3,772 (7,050) (5,814) (812) (585) 402 3,187 (7,050) (5,814) (1,613) (1,512) (463) (416) 1,216 279 328 5 3 1 (4,982) (2,693) (2,691) (1) 113 118 58 1,869 (541) 1,948 (216) (4,826) (918) (3,030) (416) (1,389) (948) (313) (265) 4,230 26,033 12,664 3,145 (1,189) (11,472) (970) (6,829) (231) (1,019) (105) (198) (1,000) (1,818) 1,518 1,518 [ ] (675) (397) 14,112 12,794 (5,822) (4,821) 16,381 2,714 (12,052) 7,502 2,681 2,681 19,062 21 2,681 19,062 5,395 7,010 I-8
II. 1. 1.1 2017 6 26 22 1961 PO Box 1350, Clifton House, 75 Fort Street, Grand Cayman KY1-1108, Cayman Islands 1.2 [ ] [ ] 2015 2016 12 31 436 406(2) 407(2) (3) 1.2 [ ] 45.24% 13.33% 11.43% 10.48% 9.52% 5.71% 0.95% 0.95% 0.48% [ ] (i) (ii) (iii) 2017 6 23 R5A Group Limited 50,000 1 2017 7 6 R5A Group Limited 950 279 240 220 20 10 R5A Group Limited 2017 6 26 380,000 38,000,000 0.01 R5A Group Limited 2017 7 27 50,000 1 1 I-9
(iv) 2017 7 10 R5A Group Limited 1,719 200 120 40 20 [ ] 2017 7 10 R5A Group Limited 12 31 4 30 2015 2016 2017 2017 6 26 1 (i) (iv) 2001 10 17 21,460,000 100% 100% 100% (ii) (iii) (iv) (i) (ii) 2016 12 31 (iii) 2015 12 31 (iv) 12 31 1.3 [ ] [ ] [ ] [ ] [ ] [ ] I-10
2 2.1 3 4 2 2018 1 1 9 2018 1 1 15 2018 1 1 15 15 2018 1 1 22 2018 1 1 2014 2016 2018 1 1 10 28 4 4 9 2018 1 1 40 2018 1 1 16 2019 1 1 9 39 9 9 39 15 I-11
9 12 15 18 11 15 (1) (2) (3) (4) (5) 15 15 15 16 2.15 16 16 6 16 2.2 I-12
2.3 2.4 (a) (b) 2.5 5 5 5 5 2.6 2.6 I-13
2.7 (i) (ii) (iii) 2.8 I-14
2.9 18(iv) 2.10 2.11 2.12 1.3 2015 2016 12 31 2017 4 30 2015 2016 12 31 2017 4 30 2.13 I-15
2.14 2.15 (a) (b) 2.16 12 I-16
2.17 (a) (b) (c) I-17
2.18 (i) (ii) (iii) (iv) (v) 2.19 I-18
(i) (ii) (iii) 2.20 2.21 3 3.1 (a) I-19
2015 2016 12 31 2017 4 30 100% (b) 2015 2016 12 31 2016 2017 4 30 50 107,000 75,000 25,000 21,000 2015 2016 12 31 2016 2017 4 30 (c) 2015 2016 12 31 2016 2017 4 30 (d) I-20
12 1 1 5 5 2015 12 31 7,163 7,163 2,654 2,654 10,098 10,098 257 672 929 17,388 17,388 37,560 672 38,232 2016 12 31 238 238 2,190 2,190 30,655 30,655 590 2,121 2,711 17,388 17,388 51,061 2,121 53,182 2017 4 30 312 312 1,026 1,026 26,971 26,971 591 1,922 2,513 16,388 16,388 45,288 1,922 47,210 I-21
1 1 2 5 2015 12 31 5,713 3,876 1,108 10,697 2016 12 31 27,520 3,500 31,020 2017 4 30 24,265 3,005 27,270 3.2 2015 2016 12 31 2017 4 30 12 31 4 30 2015 2016 2017 24 25 28,277 50,487 45,641 21 (2,681) (25,058) (13,006) 25,596 25,429 32,635 46,994 61,600 64,364 72,590 87,029 96,999 35% 29% 34% 2016 12 31 2017 4 30 I-22
3.3 2015 12 31 2015 12 31 1,953 2015 2016 12 31 2016 2017 4 30 4 I-23
5 2015 2016 12 31 2016 2017 4 30 2015 2016 12 31 2017 4 30 10% 12 31 4 30 2015 2016 2016 2017 A 302,789 342,438 113,102 116,651 2015 2016 12 31 2016 2017 4 30 10% I-24
6 12 31 4 30 2015 2016 2016 2017 303,632 344,464 114,320 116,651 7 12 31 4 30 2015 2016 2016 2017 113 118 58 529 288 45 101 642 406 103 101 8 12 31 4 30 2015 2016 2016 2017 (431) (320) (5) (599) 17 67 65 16 14 72 79 (963) 132 (225) 14 I-25
9 12 31 4 30 2015 2016 2016 2017 10 247,900 294,164 96,271 107,525 198 482 167 167 16 1,490 1,874 612 710 385 260 59 96 33,593 18,245 9,319 1,368 2,482 2,872 987 775 838 1,044 328 298 687 1,129 357 201 2,084 2,012 676 407 1,426 1,280 416 267 10 12 31 4 30 2015 2016 2016 2017 236,074 280,384 91,768 102,488 10,912 12,624 4,168 4,402 563 851 244 536 351 305 91 99 247,900 294,164 96,271 107,525 (a) 2015 2016 12 31 2017 4 30 1,922,000 2,115,000 2,108,000 I-26
(b) 2015 2016 12 31 2016 2017 4 30 2 2 2 1 11 12 31 4 30 2015 2016 2016 2017 2,063 2,415 802 1,026 84 64 64 116 54 36 12 18 2,201 2,515 878 1,160 2015 2016 12 31 2016 2017 4 30 1,000,000 2015 2016 12 31 2016 2017 4 30 11 (a) 2015 12 31 2015 12 31 804 45 18 867 804 43 18 865 162 8 170 542 33 18 593 2,312 121 62 2,495 I-27
2016 12 31 2016 12 31 526 23 18 567 868 25 18 911 41 2 43 707 18 18 743 2,142 66 56 2,264 2016 4 30 2016 4 30 186 23 6 215 305 25 6 336 41 2 43 234 18 6 258 766 66 20 852 I-28
2017 4 30 2017 4 30 236 6 242 311 21 6 338 242 6 248 789 21 18 828 2015 2016 12 31 2016 2017 4 30 2015 2016 12 31 2016 2017 4 30 2017 7 6 2017 (b) 2015 2016 12 31 2016 2017 4 30 (a) 2015 2016 12 31 2016 2017 4 30 (c) 2015 2016 12 31 2016 2017 4 30 (d) 2015 2016 12 31 2016 2017 4 30 I-29
(e) (i) 2015 12 31 1,818 1,818 2016 12 31 1,818 300 2,118 2017 4 30 300 300 300 2015 2016 12 31 2017 4 30 2016 12 31 300,000 2016 12 31 1,818,000 (f) 12 12 31 4 30 2015 2016 2016 2017 328 5 3 1 (1,389) (948) (313) (265) (38) (63) (16) (36) (746) (64) (64) (2,173) (1,075) (393) (301) (1,845) (1,070) (390) (300) I-30
13 2015 2016 12 31 2016 2017 4 30 16.5% 12 31 4 30 2015 2016 2016 2017 775 2,690 632 534 26 72 (16) (5) 56 847 2,674 627 590 12 31 4 30 2015 2016 2016 2017 2,942 15,974 3,418 3,515 16.5% 486 2,636 565 580 (30) (35) (13) (2) 411 73 75 12 (20) 847 2,674 627 590 2015 2016 12 31 2016 2017 4 30 28.8% 16.7% 18.3% 16.8% 2016 12 31 2017 4 30 16.5% 2015 12 31 2016 4 30 14 2015 2016 12 31 2016 2017 4 30 15 1.3 2015 2016 12 31 2016 2017 4 30 I-31
16 2015 1 1 2,922 340 1,406 2,299 6,967 (534) (102) (455) (534) (1,625) 2,388 238 951 1,765 5,342 2015 12 31 2,388 238 951 1,765 5,342 454 211 420 846 1,931 (609) (76) (288) (517) (1,490) 2,233 373 1,083 2,094 5,783 2015 12 31 3,376 551 1,826 3,145 8,898 (1,143) (178) (743) (1,051) (3,115) 2,233 373 1,083 2,094 5,783 2016 12 31 2,233 373 1,083 2,094 5,783 498 86 748 2,725 4,057 (537) (607) (1,144) (679) (110) (362) (723) (1,874) 2,052 349 932 3,489 6,822 2016 12 31 3,762 605 1,867 4,688 10,922 (1,710) (256) (935) (1,199) (4,100) 2,052 349 932 3,489 6,822 2017 4 30 2,052 349 932 3,489 6,822 394 22 416 (269) (36) (102) (303) (710) 2,177 313 830 3,208 6,528 2017 4 30 4,156 605 1,867 4,710 11,338 (1,979) (292) (1,037) (1,502) (4,810) 2,177 313 830 3,208 6,528 2015 2016 12 31 2017 4 30 831,000 2,425,000 2,249,000 I-32
17 12 31 4 30 2015 2016 2017 1 1 1,921 1,988 2,053 8 67 65 14 12 31 4 30 1,988 2,053 2,067 24 18 12 31 4 30 2015 2016 2017 i 1,113 1,513 1,595 ii iv 54,521 65,298 73,502 437 475 475 49 49 1,725 2,067 2,144 v 6 23 2,884 1,106 3,063 2,601 iii 2,159 32 1,818 300 300 7,251 5,977 8,453 61,772 71,275 81,955 62,885 72,788 83,550 (i) 5% 2015 2016 12 31 2017 4 30 (ii) I-33
24 2015 2016 12 31 2017 4 30 4,700,000 22,266,00018,650,000 2015 2016 12 31 2017 4 30 4,230,000 20,040,000 16,785,000 (iii) 5,397,000 (iv) (v) 2017 4 30 2,700,000 [ ] 30 60 12 31 4 30 2015 2016 2017 iv 10,431 12,103 13,524 30 27,280 30,339 30,003 31 60 15,398 21,065 28,596 61 90 1,412 1,791 1,379 54,521 65,298 73,502 2015 2016 12 31 2017 4 30 1,412,000 1,791,000 1,379,000 12 31 4 30 2015 2016 2017 30 1,412 1,791 1,379 I-34
19 12 31 4 30 2015 2016 2017 1,953 2015 12 31 24 20 24 2015 2016 12 31 2017 4 30 0.01% 21 12 31 4 30 2015 2016 2017 2,681 25,058 13,006 2,473 24,847 12,795 12 31 4 30 2015 2016 2017 2,681 25,058 13,006 24 (5,996) (5,996) 2,681 19,062 7,010 22 (a) 2015 2016 12 31 2017 4 30 I-35
(b) 2015 2016 12 31 2017 4 30 17,388,000 16,578,000 810,000 23 12 31 4 30 2015 2016 2017 238 312 32 7,163 27 5,734 4,733 4,993 2,271 3,122 3,658 15,410 18,476 18,693 2,654 2,190 1,026 308 26,377 28,521 28,370 33,540 28,759 28,682 2015 2016 12 31 2017 4 30 12 31 4 30 2015 2016 2017 0 30 7,163 143 312 31 60 95 7,163 238 312 I-36
24 12 31 4 30 2015 2016 2017 b 632 1,953 1,784 a 10,098 30,655 26,971 b 223 491 498 10,321 31,146 27,469 10,953 33,099 29,253 (a) 12 31 4 30 2015 2016 2017 5,996 5,996 18(ii) 4,230 20,040 16,785 1,248 1,311 1,333 4,620 3,308 2,857 10,098 30,655 26,971 2015 2016 12 31 2017 4 30 12 31 4 30 2015 2016 2017 5.50% 5.50% 5.50% 6.25% 6.25% 6.25% 2.25% 5.25% 2.50% 5.25% 2.50% 5.25% I-37
2015 2016 12 31 2017 4 30 12 31 4 30 2015 2016 2017 8,591 29,231 25,574 1,507 1,424 1,397 10,098 30,655 26,971 2015 2016 12 31 2017 4 30 12 31 4 30 2015 2016 2017 1 5,478 27,347 24,114 1 5 3,526 3,308 2,857 5 1,094 10,098 30,655 26,971 2015 2016 12 31 2017 4 30 (i) 1,988,000 2,053,000 2,067,000 17 (ii) 33,861,000 36,554,000 36,555,000 20 (iii) 4,700,000 22,266,000 18,650,000 18 (iv) (v) 2015 12 31 1,953,000 19 I-38
(b) 12 31 4 30 2015 2016 2017 1 257 590 591 1 5 672 2,121 1,922 929 2,711 2,513 (74) (267) (231) 855 2,444 2,282 1 223 491 498 1 5 632 1,953 1,784 855 2,444 2,282 2015 2016 12 31 2017 4 30 16 25 2014 12 4 17,388,000 2016 1 31 2016 2 1 4.50% 16,578,000 810,000 2015 2016 12 31 2016 4 30 746,000 64,000 64,000 12 26 12 31 4 30 2015 2016 2017 12 634 618 674 I-39
12 31 4 30 2015 2016 2017 1 1 562 634 618 13 72 (16) 56 12 31 4 30 634 618 674 2015 2016 12 31 2017 4 30 27 2015 2016 12 31 2017 4 30 (a) 12 31 4 30 2015 2016 2017 5,734 4,733 4,993 (b) 12 31 4 30 2015 2016 2017 1 1 6,959 5,734 4,733 351 305 99 (1,576) (1,306) 161 12 31 5,734 4,733 4,993 I-40
(c) 12 31 4 30 2015 2016 2016 2017 255 217 73 75 96 88 18 24 351 305 91 99 (d) 12 31 4 30 2015 2016 2016 2017 807 607 719 769 699 130 (161) 1,576 1,306 849 (161) (e) 2015 2016 12 31 2017 4 30 12 31 4 30 2015 2016 2017 1.74% 1.95% 1.50% 3.00% 2.40% 2.00% 2015 12 31 0.25% 4.01% 4.24% 0.25% 5.34% 5.18% 2016 12 31 0.25% 3.65% 3.84% 0.25% 5.58% 5.48% 2017 4 30 0.25% 3.75% 3.96% 0.25% 5.83% 5.71% I-41
28 (a) 12 31 4 30 2015 2016 2016 2017 2,942 15,974 3,418 3,515 16 1,490 1,874 612 710 5 431 320 12 (328) (5) (3) (1) 12 2,173 1,075 393 301 7 (113) (118) (58) 17 (67) (65) (16) (14) 351 305 91 99 (72) (79) 6,879 18,973 4,678 4,610 285 (400) (142) (82) (10,417) (10,777) (9,995) (8,204) 2,902 (244) (139) (1,801) 874 (6,925) (223) 74 691 3,145 (1,229) (411) 1,214 3,772 (7,050) (5,814) (b) 12 31 4 30 2016 2017 25 17,388 (1,000) 16,388 24 2,444 (198) 36 2,282 24 30,655 (3,684) 26,971 50,487 (4,882) 36 45,641 I-42
29 (i) 2015 2016 12 31 2017 4 30 26 27 27 2015 2016 12 31 2017 4 30 61,004,000 56,814,000 56,814,000 (ii) 2015 2016 12 31 2017 4 30 30 2015 2016 12 31 2017 4 30 64,988,000 75,377,000 98,680,000 I-43
31 2015 12 31 1,113 1,113 1,953 1,953 54,521 54,521 5,520 5,520 33,861 33,861 2,681 2,681 97,696 1,953 99,649 2016 12 31 1,513 1,513 65,298 65,298 3,887 3,887 36,554 36,554 25,058 25,058 132,310 132,310 2017 4 30 1,595 1,595 73,502 73,502 3,425 3,425 36,555 36,555 13,006 13,006 128,083 128,083 I-44
2015 12 31 7,163 2,654 10,953 17,324 38,094 2016 12 31 238 2,190 33,099 17,388 52,915 2017 4 30 312 1,026 29,253 16,388 46,979 32 (a) I-45
(b) 12 31 4 30 2015 2016 2016 2017 360 30,227 13,993 8,246 (c) 12 31 4 30 2015 2016 2017 1,818 300 300 7,163 (d) 12 31 4 30 2015 2016 2016 2017 2,754 3,119 1,003 1,149 140 130 131 146 86 92 29 36 2,980 3,341 1,163 1,331 I-46
33 2017 4 30 (i) 2017 10,000,000 2017 12 31 (ii) (iii) 2017 1,962,000,000 0.01 380,000 38,000,000 0.01 20,000,000 (iv) [ ] [ ] [ ] [ ] III. 2017 6 26 380,00038,000,0000.01 IV. 2017 4 30 2017 4 30 I-47
7.31 [ ] 2017 4 30 [ ] 2017 4 30 2017 4 30 [ ] 2017 4 30 2017 4 30 [ ] [ ] 1 2 3 [ ] [ ] 64,364 [ ] [ ] [ ] [ ] [ ] 64,364 [ ] [ ] [ ] II-1
(1) 2017 4 30 2017 4 30 64,364,000 (2) [ ] [ ] [ ] [ ] 2017 4 30 [ ] (3) [ ] [ ] 2017 4 30 (4) 2017 10,000,000 10,000,000 [ ][ ] [ ] [ ] [ ] (5) 2017 4 30 II-2
[ ] II-3
[ ] II-4
[ ] II-5
2017 6 26 1. (a) (b) 2. [ ] (a) (i) (ii) III-1
(iii) (a) (b) (c) (d) (e) (f) (g) (iv) III-2
30 (v) (vi) (vii) 20 III-3
20 14 14 20 (b) (i) III-4
(aa) (bb) (cc) (dd) (ee) (ff) (gg) III-5
(hh) (ii) III-6
(iii) (iv) (v) III-7
(vi) (vii) (viii) III-8
(aa) (bb) (cc) [ ] [ ] (dd) (i) (ii) III-9
(ee) (ix) (c) (d) (i) 15 III-10
(ii) (a) (b) (A) (B) (C) III-11
(iii) 15 (iv) 21 14 (i) (ii) 95% (v) III-12
(vi) (e) III-13
21 21 21 (f) (i) (ii) (iii) III-14
(aa) (bb) 20 III-15
(g) (h) 3(f) (i) (i) (ii) III-16
(j) 3. 2017 6 26 (a) (b) (i) (ii) (iii) 37 (iv) III-17
(v) (c) (d) 37A(1) III-18
(e) (f) Foss v. Harbottle III-19
(g) (h) (i) (ii) (iii) (Tax Information Authority) (Tax Information Authority Law) 2013 (i) (j) (Tax Concessions Law) 2011 6 (i) (ii) (aa) (bb) 2011 6(3) [ ] 20 III-20
(k) (l) (m) (n) 2013 (o) 60 (p) (i) (ii) (iii) III-21
(i) (ii) (q) 75% III-22
(r) 90% (s) 4. Appleby III-23
A. 1. 2017 6 26 PO Box 1350, Clifton House, 75 Fort Street, Grand Cayman KY1-1108, Cayman Islands 3 11 1102 1103 2017 7 13 16 2. (a) 380,000.00 38,000,000 0.01 (b) 2017 6 26 R5A Group Limited (c) 2017 7 6 R5A Group Limited 1,719 200 120 40 20 2017 7 10 (d) 2017 1,962,000,000 380,000.00 20,000,000 (e) [ ] [ ] [ ] IV-1
(f) 4. (g) 3. 4. 2017 (a) [1,962,000,000] 380,000.00 38,000,000 0.01 [20,000,000] [2,000,000,000] [0.01] (b) [ ] [ ] (i) [ ] [ ] [ ] (ii) IV-2
(iii) [ ] [ ] [ ] 2017 (iv) (i) (ii) (iii) (iv) [ ] (v) [ ] 20% (v) [ ] 10% IV-3
(vi) (iv) (v) (vii) (viii) 5. 6. (a) 2017 [ ] 10% IV-4
(b) (c) [ ] [ ] [ ] (d) [ ] 10% 30 IV-5
(e) (f) (g) (h) 26 [ ] IV-6
25% B. 1. (a) 2017 7 10 R5A Group Limited 1,719 200 120 40 20 (b) R5A Group Limited 2017 (c) R5A Group Limited 2017 E. 1. (d) [ ] IV-7
2. (a) 35, 36, 37, 44 45 304135310 (b) www.modernliving.com.hk 2009 8 3 2018 8 5 IV-8
C. 1. [ ] XV XV 7 8 352 5.46 5.67 (i) (1) (2) [ ](L) [ ] (3) [ ](L) [ ] (1) L (2) R5A Group Limited [ ] [ ] [ ] R5A Group Limited 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% R5A Group Limited (3) IV-9
(ii) R5A Group Limited 950 55.23% R5A Group Limited 280 16.28% R5A Group Limited 240 13.96% R5A Group Limited 220 12.79% 2. [ ] XV 2 3 10% (1) R5A Group Limited (2) [ ](L) [ ] (1) L (2) R5A Group Limited [ ] [ ] [ ] R5A Group Limited 55.23% 16.28% 13.96% 12.79% 1.16% 0.58% R5A Group Limited IV-10
3. (a) [ ] 720,000 576,000 480,000 480,000 (b) [ ] 144,000 144,000 120,000 120,000 120,000 IV-11
4. (a) (b) (c) 2015 2016 2017 2.5 2.3 0.8 2017 2.0 5. [ ] [ ] IV-12
6. 31 7. (i) (ii) (iii) (iv) [ ] XV 2 3 10% (v) XV XV 7 8 IV-13
352 5.46 5.67 (vi) (vii) 5% D. 2017 1. 2 (a) (b) IV-14
2. (a) (b) (c) 3. (a) (b) (c) 4. 1.00 IV-15
5. (a) (b) (d) [ ] [ ] 10% (c) (b) (c) (d) 10% (c) (d) (d) 30% 30% IV-16
6. 12 1% (a) (b) (c) (a) (d) 7. 12 (a) 0.1% (b) 5 IV-17
8. (a) (b) (i) (ii) 9. 10. 11. IV-18
12. 13. (a) 12 (b) (c) (d) (e) (c) (d) 30 IV-19
(f) 30 14. 14 15. 16. 10.18(3) IV-20
17. (a) (b) (c) (d) 2005 9 5 18. (a) 9 (b) 13 14 15 16 (c) 15 IV-21
(d) 16 (e) (f) (i) (ii) 178 (iii) (iv) (f)(i) (ii) (iii) (v) (vi) (g) 12 (h) 19. 5 IV-22
20. 21. 23.03 21 22. IV-23
23. (a) [ ] [ ] 10% [ ] (b) [ ] [ ] (c) [ ] IV-24
E. 1. R5A Group Limited [ ] (a) 2015 2016 2017 (b) (c) (d) (e) 2017 5 1 [ ] (i) 2017 5 1 IV-25
(ii) 2017 4 30 (iii) (f) (g) (i) (ii) 2. 3. [ ] 6A.07 6A.07 IV-26
[ ] [ ] 4. [ ] [ ] 18.03 5. 37,300 6. [ ] [ ] [ ] 7. 8. Ballas Capital Limited 1 6 Appleby Ng Wing Shan, Qunnie IV-27
9. E. 8. 10. 44A 44B 11. 32L 4 12. [ ] [ ] 13. [2017 4 30 ] IV-28
14. (a) (i) (ii) (iii) (iv) (v) 24 (b) (c) (d) (e) (f) [ ] (i) (ii) IV-29
(g) (h) (i) 15. (a) 0.2% (b) (c) [ ] IV-30
[ ] E. 9. B. 1. 14 11 5 (i) (ii) (iii) 2015 2016 2017 (iv) 2015 2016 2017 (v) (vi) Appleby (vii) B. 1. (viii) (ix) E. 9. (x) C. 3. V-1