wingtaiproperties.com

1 Corporate Information 8 Group s Major Investments 9 Financial Highlights 10 Five Years Financial Summary 11 Chairman s Statement 12 Management Discussion and Analysis 13 Directors and Senior Management Profile 21 Directors Report 25 Corporate Governance Report 41 Independent Auditor s Report 54 Consolidated Income Statement 58 Consolidated Statement of Comprehensive Income 59 Consolidated Balance Sheet 60 Consolidated Statement of Changes in Equity 62 Consolidated Cash Flow Statement 64 Notes to the Consolidated Financial Statements 66 Properties Held for Investment Purposes 136 Properties for Sale 1398 - WING TAI PROPERTIES LIMITED ANNUAL REPORT 2016 Corporate Information8 BOARD OF DIRECTORSE xecutive DirectorsCHENG Wai Chee, Christopher GBS OBE JP (Chairman)CHENG Wai Sun, Edward SBS JP (Deputy Chairman and Chief Executive)CHENG Man Piu, FrancisCHOW Wai Wai, JohnNG Kar Wai, KennethNon-Executive DirectorsKWOK Ping Luen, Raymond JP (KWOK Ho Lai, Edward as his alternate)

2 HONG Pak Cheung, WilliamNG Tak Wai, FrederickCHEN Chou Mei Mei, VivienIndependent Non-Executive DirectorsSimon MURRAY CBEFANG Hung, Kenneth GBS CBE JPYEUNG Kit Shing, JacksonHaider Hatam Tyebjee BARMA GBS CBE ISO JPCHENG Hoi Chuen, Vincent GBS OBE JPAUDIT COMMITTEE MEMBERSYEUNG Kit Shing, Jackson (Chairman)FANG Hung, Kenneth GBS CBE JPHONG Pak Cheung, WilliamREMUNERATION COMMITTEE MEMBERSS imon MURRAY CBE (Chairman)CHENG Wai Chee, Christopher GBS OBE JPCHENG Wai Sun, Edward SBS JPFANG Hung, Kenneth GBS CBE JPYEUNG Kit Shing, JacksonNOMINATION COMMITTEE MEMBERSCHENG Hoi Chuen, Vincent GBS OBE JP (Chairman)CHENG Wai Chee, Christopher GBS OBE JPCHENG Wai Sun, Edward SBS JPYEUNG Kit Shing, JacksonHaider Hatam Tyebjee BARMA GBS CBE ISO JPCOMPANY SECRETARY AND GROUP LEGAL COUNSELCHUNG Siu Wah, HenryAUDITORP ricewaterhouseCoopersLEGAL ADVISERS TO THE COMPANYS laughter and May (as to Hong Kong Laws)Appleby (as to Bermuda Laws)

3 PRINCIPAL BANKERSThe Hongkong and Shanghai Banking Corporation LimitedBank of China (Hong Kong) LimitedStandard Chartered Bank (Hong Kong) LimitedPRINCIPAL SHARE REGISTRAR AND TRANSFER AGENTE stera Management (Bermuda) LimitedCanon s Court, 22 Victoria StreetHamilton HM 12, BermudaHONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICET ricor Standard LimitedLevel 22, Hopewell Centre183 Queen s Road EastHong KongREGISTERED OFFICEC anon s Court, 22 Victoria StreetHamilton HM 12, BermudaHEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS27th Floor, AIA Kowloon TowerLandmark East100 How Ming StreetKwun Tong.

4 KowloonHong KongCOMPANY KONG STOCK EXCHANGE STOCK CODE369 WING TAI PROPERTIES LIMITED ANNUAL REPORT 2016 - 9 Group s Major investments9 Group s Effective InterestPropertiesProperty DevelopmentThe Warren 100% The Pierre 100% Shau Kei Wan (Shan Kei Wan Inland Lot No.)

5 854) 100% Siu Sau, Tai Lam, Tuen Mun (Tuen Mun Town Lot No. 435) 100% So Kwun Wat Road, Tuen Mun (Tuen Mun Town Lot No. 497) 100% Castle Peak Road, Tai Lam, Tuen Mun (Tuen Mun Town Lot No.

6 523) 70% Providence Bay 15% Providence Peak 15%

7 The Graces Providence Bay 15% Homantin Hillside 50% Le Cap 35% L a Vet t a

8 35% Property Investment and ManagementLandmark East 100% W Square 100% Shui Hing Centre 100% Winner Godown Building 100% No.

9 1 Savile Row/7 Vigo Street, London 100% 8-12 (even) Brook Street, London 100% 35 Berkeley Square, London 100% Central Park, Beijing (33 units)

10 100% 10 Fleet Place, London 25% 3 Cavendish Square, London 33% Hospitality Investment and ManagementLanson Place Hotel.