
Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10, Bermuda 6818 Appleby Global Corporate Services(Bermuda) LimitedCanon’s Court, 22 Victoria StreetPO Box HM 1179Hamilton HM EX, Bermuda 18317 http://www.pioneerglobalgroup.comhttp://www.irasia.com/listco/hk/pioneerBloomberg: 224:HKReuters: 0224.hk 1. D234 2. 21 3. 4. (i)(ii) 4. 4. 5. 16.5%2,000,0008.25%16.5% 9. 10. 28,970,00085,847,0001,154,038,6561,154,038,656 11. 1,124,395,0001,124,395,000 Supreme Key LimitedSupreme Key Limited330%Supreme Key Limited1,875,023,0001,875,023,000 12. Supreme Key Limited 13. 9.75% 3.13%4% 1.10%1.22%4.49%4.88% 18. 19. (a) 4,308,0004,742,0003,579,0005,199,000 (b) DeepSeek300 12%16%Travel + LeisureCondé Nast TravelerCondé Nast TravelerTatler Best Hong KongVirtuoso Travel Week 7.5%Pullman Bangkok Hotel G 112,600,000121,900,0007.6%77,100,00087,600,00012.0%26,600,00086,400,0008,800,0007,300,00019,600,00013,600,00060,900,00047,500,00025,700,00083,400,00029,000,00085,800,000 245,67876%21,600,00022,100,0002,000,0002,000,000 60%68227,11883%81%45,200,00048,700,0002,000,0003,000,000 80,14090%92%22,900,00025,200,0004,000,0003,000,000 115–11956,740100%100%10,100,00010,600,0001,000,000 (7.7%)81%80%118,000,00045,000,000300,0004,000,000 792,7800.9%78%74%19,600,00011,100,000 (4.0%)85%83% 30%497431,600,000354,800,00080,700,00027,200,00059%49%143,600,000149,600,00032,700,000258,200,00027,500,000115,300,000 Pullman Bangkok Hotel GPullman Bangkok Hotel G49.5%184,600,00044,000,000266,900,00063,200,00036,300,0008,700,00088,900,00021,100,00051%80%Pullman Pattaya Hotel G49.5%Pullman Bangkok Hotel G183,500,00043,700,000198,200,00046,900,00067,500,00016,000,00053,100,00012,700,00071%79%600,00021,900,000 407,500,000389,600,00050,000,00050,000,000 2,257,000,0002,281,000,00057,900,00057,900,0002,199,100,0002,223,100,0002,257,000,0002,281,000,0001,430,000,000830,000,0004.12%5.29%20.8%21.0%17.0%17.4% 429,100,000193,000,000406,200,000197,700,000136,700,00029,000,000129,500,00029,000,000 7,771,000,0007,780,000,0002,257,000,0002,281,000,000 1,879,800,0001,879,800,000 Supreme Key Limited1,698,000,0001,725,600,00015.6%15.9% Supreme Key LimitedSupreme Key Limited12 1818 (a)XV78(b)352(c)XV 1Forward Investments Inc.Intercontinental Enterprises Corp.Vitality Holdings Ltd.Forward Investments Inc.Intercontinental Enterprises Corp.Vitality HoldingsLtd.283,200,215215,768,26029,714,731 2Top Elite Company LimitedTop Elite Company Limited12,725,857 4Eternity Rich Investments Ltd.Eternity Rich Investments Ltd.20,699,216 5Time Legend International LimitedTime Legend InternationalLimited1,749,0006United-Asia Enterprises Inc. 33.8%United-AsiaEnterprises Inc.8,401,2767504,6588Argyle Street Management Holdings LimitedASMH (Cayman) LimitedArgyle Street Management Holdings LimitedASMH (Cayman) Limited984,000 * (a)XV78(b)352(c)XV XV23336 1Forward Investments Inc.283,200,215 2Intercontinental Enterprises Corp.215,768,260 XV23336 C1 C3