
4 5 7 9 10 11 27 34 311171 282112 MUFG Fund Services (Bermuda) Limited4th floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda 1617 00361 Clarendon House2 Church StreetHamilton, HM 11Bermuda http://www.sinogolf.com 11One Midtown4501 1. 2. (i)(i)(ii) (ii)10%50%25% (iii)(a)(b)17 1. 2. 1634 3. 171281212 4. 5. ––– (a) 5. (b) •• 6. 9. 10. 11. 12. 539,0002,200,000 35,00019,000217,00065,000 13. 6,388,0006,811,000163,949,000166,842,0006,388,0006,811,000 5,571,000 13. 13. 1,640,0002,558,000 (i)30603060 28,158,00044,212,000 14. (ii) 30903090 16. 21,505,00060,752,00021,505,00060,874,000 56,989,00059,551,0004.154.154.20 17. 74,100,000 0.114 17. (i)(ii) 8.8 74,100,00074,100,000650,000,000650,000,000 18. 0.01 10,000,000 19. 20. 21. 22. 23. (a) (i)(ii)17(iii) (b) 23. (c) 24. 25. 2019 110,475,000269,091,0009,490,0004,899,0000.180.09 87.0%88.6%59.7%96,075,000238,495,000 53.6%54,099,000116,571,00056.3%48.9%49.0%43.3%60.0%94,124,000235,123,00098.0%98.6%85.2%87.4% 33.2%5,392,0008,075,000 52.9%14,400,00030,596,00013.0%11.4%6,788,0005,182,00040.8%21,188,00035,778,000 11,594,00026,089,0002,806,0004,507,00080.5%85.3%19.5%14.7% 67.8%5,377,00016,695,00037.3%54.6%4.9%6.2%57.7%12,762,00030,204,00088.6%98.7%11.6%11.2% 491,0003,856,000 2019 143,158,000141,165,00053,000,00056,989,00053,000,00059,551,0004.15%4.15%4.20%39,904,00064,822,0009.75%9.75% 9,538,00036,725,000238,786,000249,367,0004.0%14.7% 446,589,000488,612,000238,786,000249,367,0001.361.281.201.16 53,000,00056,989,00053,000,00059,551,00074,423,00078,721,000 73,000279,000 780910 XV571XV7835210 (I) (II) 352 5%XV23336 (a)Wise Choice Ventures LimitedRight Select International LimitedRight Select International LimitedWise Choice Ventures LimitedRight Select International LimitedWise Choice Ventures Limited(b)2,861,000,000650,000,000WiseChoice Ventures LimitedWise Choice Ventures Limited(c)(d)(e)2,861,000,000650,000,000100%(f)(g)Surplus Excel Limited(h)Surplus Excel Limited100%Surplus ExcelLimited 336 C.2.1