
FORM 20-F (Mark One) If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the SecuritiesExchange Act of 1934. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒No☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See thedefinitions of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large acceleratedfiler☐ Accelerated filer☒Emerging growthcompany☐ Non-accelerated filer☐ If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to usethe extended transition period for complying with any new or revised financial accounting standards † provided pursuant to Section 13(a) of the Exchange Act.☐† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting StandardsCodification afterApril 5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its auditreport.☒If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: If “Other” has been checked in response to the previous question indicate by check mark which financial statement item the registrant has elected to follow. Item 17☐Item 18☐ If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ TABLE OF CONTENTS iPageITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS1A. Directors and Senior Management1B. Advisers1C. Auditors1ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE1A. Offer Statistics1B. Method and Expected Timetable1ITEM 3. KEY INFORMATION1A. [Reserved]1B. Capitalization and Indebtedness1C. Reasons for the Offer and Use of Proceeds1D. Risk Factors1ITEM 4. INFORMATION ON THE COMPANY43A. History and Development of the Company43B. Business Overview43C. Organizational Structure85D. Property, Plants and Equipment85ITEM 4A. UNRESOLVED STAFF COMMENTS86ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS86A. Operating Results86B. Liquidity and Capital Resources92C. Research and Development, Patents and Licenses, etc.95D. Trend Information95E. Critical Accounting Estimates95ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES96A. Directors and Senior Management96B. Compensation100C. Board Practices107D. Employees109E. Share Ownership109F. Disclosure of a Registrant’s Action to Recover Erroneously Awarded Compensation109ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS109A. Major Shareholders109B. Related Party Transactions111C. Interests of Experts and Counsel112ITEM 8. FINANCIAL INFORMATION112A. Consolidated Statements and Other Financial Information112B. Significant Changes113ITEM 9. THE OFFER AND LISTING113A. Offering and Listing Details113B. Plan of Distribution113C. Markets113D. Selling Shareholders113E. Dilution113F. Expenses of the Issue113ITEM 10. ADDITIONAL INFORMATION113A. Share Capital113B. Memorandum and Articles of Association113C. Material Contracts113D. Exchange Controls113 PageE. Taxation114F. Dividends and Paying Agents132G. Statement by Experts132H. Documents on Display132I. Subsidiary Information132J. Annual Report to Security Holders132ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK132ITEM 12. DESCRIPTION OF SECUR