THIS DOCUMENT IS IN DRAFT FORM, INCOMPLETE AND SUBJECT TO CHANGE AND THE INFORMATION MUST BE READ IN CONJUNCTION WITH THE SECTION HEADED ‘‘WARNING’’ ON THE COVER OF THIS DOCUMENT. DEFINITIONS

In this document, unless the context otherwise requires, the following words and expressions have the following meanings.

‘‘affiliate(s)’’ any other person(s), directly or indirectly, controlling or controlled by or under direct or indirect common control with such specified person(s)

‘‘AIC’’ Administration for Industry & Commerce* (工商行政管理機關) in the PRC or, where the context so requires, the State Administration for Industry & Commerce of the PRC (中華人民 共和國工商行政管理總局) or its delegated authority at provincial, municipal or other local level

‘‘AML Law’’ the Anti-money Laundering Law of the PRC (中華人民共和國反 洗錢法)

[REDACTED] [REDACTED]

‘‘Articles of Association’’ the articles of association of the Company, conditionally adopted on 25 January 2016 and as amended from time to time, a summary of which is set out in ‘‘Appendix V — Summary of Articles of Association’’ in this document

‘‘associate(s)’’ has the meaning ascribed thereto under the Listing Rules

‘‘Baiying Financing Guarantee’’ Fujian Baiying Financing Guarantee Co., Ltd.* (福建百應融資擔 保股份有限公司), previously known as Jinjiang Financing Guarantee Co., Ltd.* (晉江融資擔保有限責任公司), a company established in the PRC with limited liability on 25 July 2008, which is owned as to 58% by Septwolves Group Holding, 22% by Jinjiang Henglong, and 20% by Jinjiang Baixin

‘‘Baiying Finance Leasing’’ Xiamen Baiying Finance Leasing Co., Ltd.* (廈門市百應融資租 賃有限公司), a company established in the PRC with limited liability on 9 March 2010, which is owned as to 33.75% by Septwolves Group Holding, 25% by Hong Kong Septwolves Group Financial, and three other Independent Third Parties as to 18.75%, 15% and 7.5%, respectively

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‘‘Baiying Microcredit’’ Xiamen Siming Baiying Microcredit Co., Ltd.* (廈門思明百應小 額貸款有限公司), a company established in the PRC with limited liability on 5 May 2014, which is owned by Septwolves Group Holding, Xiamen Gaoxinhong, Ms. Wang Jialin (王佳琳) (daughter in law of Mr. Zhou Yongwei and Ms. Chen Pengling), Mr. Xie Anju (one of our Shareholders), Mr. Zeng Jianwu (曾建 武) (our former director) and four other Independent Third Parties as to 49.99%, 15%, 5%, 4.9%, 0.25%, 5%, 5%, 5% and 9.86%, respectively

‘‘Board’’ or ‘‘Board of Directors’’ the board of directors of the Company

‘‘Business Day(s)’’ any day on which banks in Hong Kong are generally open for normal banking business to the public and which is not a Saturday, Sunday or public holiday in Hong Kong

‘‘CAGR’’ compound annual growth rate

‘‘CBRC’’ the China Banking Regulatory Commission (中國銀行業監督管 理委員會)

‘‘CBRC Fujian Bureau’’ the China Banking Regulatory Commission Fujian Bureau (中國 銀行業監督委員會福建監督局 )

‘‘CCASS’’ the Central Clearing and Settlement System established and operated by HKSCC

‘‘CCASS Clearing Participant’’ a person admitted to participate in CCASS as a direct clearing participant or general clearing participant

‘‘CCASS Custodian Participant’’ a person admitted to participate in CCASS as a custodian participant

‘‘CCASS Investor Participant’’ a person admitted to participate in CCASS as an investor participant who may be an individual or joint individuals or a corporation

‘‘CCASS Participant’’ a CCASS Clearing Participant, a CCASS Custodian Participant or a CCASS Investor Participant

‘‘Chairman’’ Mr. Zhou Yongwei, the chairman of the Company

‘‘China’’ or ‘‘PRC’’ the People’s Republic of China, but for the purpose of this document and for geographical reference only and except where the context requires, references in this document to ‘‘China’’ and the ‘‘PRC’’ do not apply to Taiwan, Macau Special Administrative Region and Hong Kong

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‘‘China Development Bank’’ China Development Bank Co., Ltd. (國家開發銀行股份有限公 司), a company established in the PRC with limited liability, being an Independent Third Party

‘‘Circular 137’’ the Circular on Relevant Policies for Rural Bank, Loan Company, Rural Mutual Cooperative and Microfinance Company (關於村鎮 銀行、貸款公司、農村資金互助社、小額貸款公司有關政策的通 知), which was promulgated by the PBOC and the CBRC on 24 April 2008

‘‘close associate(s)’’ has the meaning ascribed thereto under the Listing Rules

‘‘Companies Ordinance’’ or ‘‘Hong the Companies Ordinance, Chapter 622 of the Laws of Hong Kong Companies Ordinance’’ Kong, as amended, supplemented or otherwise modified from time to time

‘‘Companies (Winding Up and the Companies (Winding Up and Miscellaneous Provisions) Miscellaneous Provisions) Ordinance, Chapter 32 of the Laws of Hong Kong, as amended, Ordinance,’’ or ‘‘Hong Kong supplemented or otherwise modified from time to time Companies(WindingUpand Miscellaneous Provisions) Ordinance’’

‘‘Company,’’ ‘‘we,’’ ‘‘us’’ or ‘‘our’’ Quanzhou Huixin Micro-credit Co., Ltd.* (泉州匯鑫小額貸款股 份有限公司), a joint stock company established in the PRC with limited liability on 8 January 2010 converted from our Predecessor Company on 18 August 2014, and where the context otherwise requires, our Predecessor Company

‘‘connected person(s)’’ has the meaning ascribed thereto under the Listing Rules

‘‘CSRC’’ the China Securities Regulatory Commission (中國證券監督管理 委員會)

‘‘Deed of Indemnity’’ the deed of indemnity dated 6 September 2016 entered into by our Substantial Shareholders with and in favor of the Company as referredtointhesectionheaded‘‘Appendix VI — Statutory and General Information — E. Other Information — 1. Indemnities’’ in this document

‘‘Director(s)’’ the director(s) of the Company

‘‘Domestic Share(s)’’ ordinary share in our capital, with a nominal value of RMB1.00 each, which are subscribed for and paid up in Renminbi by PRC nationals and/or PRC-incorporated entities

‘‘EIT’’ the PRC enterprise income tax

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‘‘EIT Law’’ the PRC Enterprise Income Tax Law (中華人民共和國企業所得 稅法)

‘‘[REDACTED]’’ the application for [REDACTED] to be issued in the applicants own name, submitted online through the designated website of the [REDACTED]

‘‘[REDACTED]’’ [REDACTED]

‘‘Existing Shareholders’’ Fujian Septwolves Group, Fujian Xiyuan, Jinjiang Henglong, Quanzhou Haoxiang, Xiamen Gaoxinhong, Quanzhou Anping, Quanzhou Yuanpeng, Mr. Xie Anju, Quanzhou Jianyuan, Shishi Yingfeng, Jinjiang Shuncheng and Jinjiang Xinhong

‘‘Finance Businesses’’ certain other finance-related businesses in which our Substantial Shareholders and their respective close associates had interests, namely, the provision of financing guarantee services through Baiying Financing Guarantee, the provision of finance leasing services through Baiying Finance Leasing, the provision of pawn loan services through Xiamen Borong and Fujian Yuanheng, and the provision of microcredit services in Xiamen City through Baiying Microcredit, and the provision of settlement services, entrusted loans services, loans to and taking deposits from any of the Holdco Group Member Companies through Fujian Septwolves Group Finance

‘‘Fujian Province’’ or ‘‘Fujian’’ Fujian Province (福建省), a province located in the southeastern coast of China

‘‘Fujian Economic and Information Fujian Provincial Economic and Information Technology Technology Commission’’ Commission (福建省經濟和信息化委員會), which was formed by a merger of former Fujian Provincial Economic and Trade Commission (福建省經濟貿易委員會) and former Fujian Provincial Municipal Bureau of Information Technology (福建省 信息化局) in 2014; or, where the context so requires, Fujian Provincial Economic and Trade Commission (福建省經濟貿易委 員會)

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‘‘Fujian Haoxiang Gardening’’ Fujian Haoxiang Gardening Building Decoration Engineering Co., Ltd.* (福建豪翔園林建設有限責任公司), a company established in the PRC with limited liability on 8 April 2009, a shareholder holding approximately 61.08% interest in Quanzhou Haoxiang which will in turn hold [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). For details of its shareholding, please refer to the section headed ‘‘History and Development — Our Corporate Structure — Prior to [REDACTED]’’ in this document

‘‘Fujian Septwolves Group’’ Fujian Septwolves Group Co., Ltd.* (福建七匹狼集團有限公司), a company established in the PRC with limited liability on 18 January 2002 (its predecessor, 福建七匹狼集團公司 (Fujian Septwolves Group Company) was first established in the PRC in February 1985) and one of the Promoters which will hold approximately [REDACTED]% interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). For details of its shareholding, please refer to the section headed ‘‘History and Development — Our Corporate Structure — Prior to [REDACTED]’’ in this document

‘‘Fujian Septwolves Group Fujian Septwolves Group Finance Co., Ltd.* (福建七匹狼集團財 Finance’’ 務有限公司), a company established in the PRC with limited liability on 26 March 2015, which is owned as to 65% by Fujian Septwolves Group and 35% by Fujian Septwolves Industry

‘‘Fujian Septwolves Industry’’ Fujian Septwolves Industry Co., Ltd.* (福建七匹狼實業股份有限 公司), a company established in the PRC with limited liability on 23 July 2001, which is listed on the Shenzhen Stock Exchange (stock code: 002029). As at the Latest Practicable Date, Fujian Septwolves Industry was owned as to approximately 34.29% by Fujian Septwolves Group, approximately 8.63% by Xiamen Gaoxinhong and approximately 57.08% by other public shareholders

‘‘Fujian Xiyuan’’ Fujian Anxi Xiyuan Investment Co., Ltd.* (福建省安溪溪源投資 有限公司), a company established in the PRC with limited liability on 2 June 1993, formerly known as Fujian Anxi Bama Tea Co., Ltd.* (福建省安溪八馬茶業有限公司), one of the Promoters which will hold approximately [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). For details of its shareholding, please refer to the section headed ‘‘History and Development’’ in this document

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‘‘Fujian Yuanheng’’ FujianYuanhengPawnCo.,Ltd.*(福建元亨典當有限公司), a company established in the PRC with limited liability on 29 September 2011, which is owned as to 12% by Jinjiang Baixin and 61% by Jinjiang Henglong, the remaining shareholdings of Fujian Yuanheng are owned by Independent Third Parties

‘‘GDP’’ gross domestic product

‘‘[REDACTED]’’ the [REDACTED] and the [REDACTED]

‘‘[REDACTED]’’ the [REDACTED] to be completed by [REDACTED]

‘‘Guiding Opinions’’ Guiding Opinions on the Pilot Operation of Microfinance Companies (關於小額貸款公司試點的指導意見) jointly issued by the CBRC and the PBOC on 4 May 2008

‘‘Haixia Equity Exchange’’ the Haixia Equity Exchange (海峽股權交易中心), an equity exchange platform registered in Fujian Province in 2011

‘‘H Share(s)’’ overseas listed foreign shares in the share capital of the Company with nominal value of RMB1.00 each, which are to be subscribed for and traded in Hong Kong dollars and are [REDACTED] on the [REDACTED]

‘‘[REDACTED]’’ [REDACTED]

‘‘HKAS’’ Hong Kong Accounting Standards

‘‘HKFRS’’ Hong Kong Financial Reporting Standards

‘‘[REDACTED]’’ [REDACTED], a wholly owned subsidiary of [REDACTED]

‘‘[REDACTED]’’ [REDACTED], a wholly owned subsidiary of [REDACTED]

‘‘Holdco Group Member Fujian Septwolves Group, the subsidiaries and associated Companies’’ companies (which Fujian Septwolves Group and/or its subsidiaries, whether alone or jointly, hold not less than 20% equity interest) of Fujian Septwolves Group and companies which Fujian Septwolves Group and/or its subsidiaries, whether alone or jointly, hold less than 20% equity interest but Fujian Septwolves Group and/or its subsidiaries, whether alone or jointly, is or are the largest shareholder(s), each of which has been approved by or registered with CBRC Fujian Bureau

‘‘Hong Kong’’ the Hong Kong Special Administrative Region of the PRC

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‘‘Hong Kong dollars’’ or ‘‘HK$’’ Hong Kong dollars, the lawful currency of Hong Kong

‘‘[REDACTED]’’ [REDACTED]

‘‘[REDACTED]’’ [REDACTED]

‘‘Hong Kong Septwolves Group Hong Kong Septwolves Group Financial Holding Co., Limited Financial’’ (香港七匹狼金融控股集團有限公司), a company incorporated in Hong Kong with limited liability on 8 January 2015, which is 100% owned by Septwolves Group Holding

‘‘Hong Kong Stock Exchange’’ or The Stock Exchange of Hong Kong Limited ‘‘Stock Exchange’’

‘‘[REDACTED]’’ [REDACTED]

‘‘[REDACTED]’’ [REDACTED]

‘‘Independent Third Party(ies)’’ (an) individual(s) or (a) company(ies) who or which, as far as the Directors are aware after having made all reasonable enquiries, is/ are not (a) connected person(s) of the Company within the meaning of the Listing Rules

‘‘Interim Measures’’ Interim Measures of Fujian Province for the Administration of Microfinance Companies (福建省小額貸款公司暫行管理辦法), promulgated by the General Office of the People’s Government of Fujian Province on and taking effect from 10 March 2012

‘‘[REDACTED]’’ [REDACTED]

‘‘[REDACTED]’’ [REDACTED]

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‘‘[REDACTED]’’ [REDACTED]

‘‘[REDACTED]’’ [REDACTED]

‘‘Ipsos’’ Ipsos Limited, the independent industry consultant commissioned by us to conduct research on the microfinance industry in China

‘‘Ipsos Report’’ the report produced by Ipsos which provides an overview and analysis of the microfinance industry in China

‘‘Japanese Shengshi’’ Japanese Shengshi Company Limited* (日本株式會社聖石商事), a company incorporated in Japan with limited liability on 10 January 2010, which is owned by Independent Third Parties

‘‘Jinjiang Baixin’’ Jinjiang Baixin Machinery Manufacturing Co., Ltd.* (晉江市百信 機械製造有限公司), a company established in the PRC with limited liability on 10 July 2007, which is owned as to 60% by Fujian Septwolves Group and 40% by Shi Yuzhu (施玉柱), an Independent Third Party

‘‘Jinjiang City’’ Jinjiang City (晉江市), a city subordinated to Quanzhou City in Fujian Province

‘‘Jinjiang Henglong’’ Jinjiang Henglong Construction Materials Co., Ltd.* (晋江市恒隆 建材有限公司), a company established in the PRC with limited liability on 29 April 2000 and one of the Promoters which will hold approximately [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). For details of its shareholding, please refer to the section headed ‘‘History and Development — Our Corporate Structure — Prior to [REDACTED]’’ in this document

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‘‘Jinjiang Shuncheng’’ Jinjiang Shuncheng Commerce and Trading Co., Ltd.* (晉江順成 商貿有限公司), a company established in the PRC with limited liability on 22 November 1999, formerly known as Fujian Jinjiang Shuncheng Grain and Oil Industrial Co., Ltd.* (福建省 晉江順成糧油工業有限責任公司), one of the Promoters which will hold approximately [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). It is owned by an Independent Third Party. For details of its shareholding, please refer to the section headed ‘‘History and Development — Our Corporate Structure — Prior to [REDACTED]’’ in this document

‘‘Jinjiang Xinhong’’ Jinjiang Xinhong Textile Co., Ltd.* (晉江鑫宏紡織有限公司), a company established in the PRC with limited liability on 8 January 2003 and one of the Promoters which will hold approximately [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). For details of its shareholding, please refer to the section headed ‘‘History and Development — Our Corporate Structure — Prior to [REDACTED]’’ in this document

‘‘Latest Practicable Date’’ [5 September] 2016, being the latest practicable date prior to the printing of this document for the purpose of ascertaining certain information in this document prior to its publication

‘‘Licheng District’’ Licheng District (鯉城區), a subordinated administrative district in Quanzhou City, Fujian Province

‘‘[REDACTED]’’ [REDACTED]

‘‘Listing Committee’’ the Listing Committee of The Stock Exchange of Hong Kong Limited

‘‘[REDACTED]’’ [REDACTED]

‘‘Listing Rules’’ the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, as amended, supplemented or otherwise modified from time to time

‘‘Luojiang District’’ Luojiang District (洛江區), a subordinated administrative district in Quanzhou City, Fujian Province

‘‘Main Board’’ the stock exchange (excluding the option market) operated by the Stock Exchange which is independent from and operated in parallel with the Growth Enterprise Market of the Stock Exchange

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‘‘Mandatory Provisions’’ the Mandatory Provisions for Articles of Association of Companies to be Listed Overseas* (到境外上市公司章程必備條 款), as amended, supplemented or otherwise modified from time to time, for inclusion in the articles of association of companies established in the PRC to be listed overseas (including Hong Kong), which were promulgated by the former Securities Commission of the State Council and the former State Commission for Restructuring the Economic Systems on 27 August 1994

‘‘Ministry of Finance’’ the Ministry of Finance of the PRC (中華人民共和國財政部)

‘‘Ministry of Industry and the Ministry of Industry and Information Technology of the PRC Information Technology’’ (中華人民共和國工業和信息化部)

‘‘MOFCOM’’ the Ministry of Commerce of the PRC (中華人民共和國商務部)

‘‘Mr. Wang Wenbin’’ Mr.WangWenbin(王文彬), a non-executive Director, a shareholder holding approximately 51% interest in Fujian Xiyuan which will in turn hold [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised) and Mr. Wang Wenchao’sandMr.WangWenli’sbrother

‘‘Mr. Wang Wenchao’’ Mr. Wang Wenchao (王文超), a shareholder holding approximately 10% interest in Fujian Xiyuan which will in turn hold [REDACTED]% interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised) and Mr. Wang Wenbin’sandMr.WangWenli’sbrother

‘‘Mr. Wang Wenli’’ Mr. Wang Wenli (王文禮), a shareholder holding approximately 39% interest in Fujian Xiyuan which will in turn hold [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised) and Mr. Wang Wenchao’s and Mr. Wang Wenbin’sbrother

‘‘Mr. Xie Anju’’ Mr. Xie Anju (謝安居), a shareholder and one of the Promoters holding approximately [REDACTED] direct interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised)

‘‘Mr. Zeng Jiayi’’ Mr. Zeng Jiayi (曾佳溢), our former director and a shareholder holding approximately 95% interest in Jinjiang Henglong which will in turn hold [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised)

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‘‘Mr. Zhou Shaoming’’ Mr. Zhou Shaoming (周少明), a shareholder holding approximately 31.09% interest in Fujian Septwolves Group which will in turn hold [REDACTED] interest in our Company upon [REDACTED] (assuming [REDACTED] is exercised) and Mr. Zhou Yongwei’s and Mr. Zhou Shaoxiong’sbrother

‘‘Mr. Zhou Shaoxiong’’ Mr. Zhou Shaoxiong (周少雄), a shareholder holding approximately 31.09% interest in Fujian Septwolves Group which will in turn hold [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised) and Mr. Zhou Shaoming’s and Mr. Zhou Yongwei’sbrother

‘‘Mr. Zhou Yongwei’’ or Mr. Zhou Yongwei (周永偉) (formerly known as Zhou Lianqi ‘‘Chairman’’ (周連期)), an executive Director, a shareholder holding approximately 31.09% interest in Fujian Septwolves Group which will in turn hold [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised) and Mr. Zhou Shaoming’s and Mr. Zhou Shaoxiong’s brother and Ms. Chen Pengling’s spouse

‘‘Ms. Chen Pengling’’ Ms. Chen Pengling (陳鵬玲), a shareholder holding approximately 5.18% interest in Fujian Septwolves Group which will in turn hold [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised) and Mr. Zhou Yongwei’s spouse

‘‘Nan’an City’’ Nan’an City (南安市), a city subordinated to Quanzhou City in Fujian Province

‘‘National Bureau of Statistics’’ the National Bureau of Statistics of the PRC (中華人民共和國國 家統計局)

‘‘NDRC’’ the National Development and Reform Commission of the PRC (中華人民共和國國家發展和改革委員會)

‘‘Non-competition Agreement’’ the non-competition agreement dated 6 September 2016 entered into by our Substantial Shareholders in favor of the Company

‘‘NPC’’ the National People’s Congress of the PRC (中華人民共和國全國 人民代表大會)

‘‘[REDACTED]’’ [REDACTED]

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‘‘[REDACTED]’’ [REDACTED]

‘‘[REDACTED]’’ [REDACTED]

‘‘PBOC’’ the People’s Bank of China (中國人民銀行), the central bank of the PRC

‘‘Pilot Measures’’ the Pilot Measures of Cross-County Operation of Microfinance Companies in Quanzhou City (泉州市小額貸款公司跨縣域經營 試點實施方案), which was promulgated by the People’s Government of Quanzhou City on and taking effect from 31 March 2014

‘‘PRC Company Law’’ or the Company Law of the PRC (中華人民共和國公司法) ‘‘Company Law’’

‘‘PRC GAAP’’ generally accepted accounting principles in the PRC

‘‘PRC Government’’ the central government of the PRC and all governmental subdivisions (including provincial, municipal and other regional or local government entities) and organizations of such government or, as the context requires, any of them

‘‘PRC Legal Advisers’’ AllBright Law Offices, legal advisers to the Company as to the PRC laws in connection with [REDACTED]

‘‘PRC Securities Law’’ or the Securities Law of the PRC (中華人民共和國證券法) ‘‘Securities Law’’

‘‘Predecessor Company’’ or ‘‘our Quanzhou Licheng District Huixin Microcredit Co., Ltd.* (泉州 Predecessor Company’’ 市鯉城區匯鑫小額貸款有限公司), a limited liability company established in the PRC with limited liability on 8 January 2010 and the predecessor of the Company

‘‘[REDACTED]’’ [REDACTED]

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‘‘[REDACTED]’’ [REDACTED]

‘‘Private Lending Judicial the Provision on Issues Concerning Applicable Legal Norms for Interpretations’’ the Court’s Trial of Lending Cases (最高人民法院關於審理民間 借貸案件適用法律若干問題的規定)

‘‘Promoter(s)’’ the promoters of the Company. At the time of our establishment, our Promoters comprised 11 corporate shareholders and one individual shareholder

‘‘[REDACTED]’’ this [REDACTED] issued in connection with [REDACTED]

‘‘Quanzhou Anping’’ Quanzhou Anping Development and Construction Co., Ltd.* (泉 州市安平開發建設有限公司), a company established in the PRC with limited liability on 29 December 1990 and one of the Promoters which will hold approximately [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). It is owned by Sand Beach. For details of its shareholding, please refer to the section headed ‘‘History and Development — Our Corporate Structure — Prior to [REDACTED]’’ in this document

‘‘Quanzhou City’’ Quanzhou City (泉州市), Fujian Province

‘‘Quanzhou Development and the Quanzhou Development and Reform Commission (泉州市發 Reform Commission’’ 展和改革委員會)

‘‘Quanzhou Financial Affairs the Bureau of Financial Affairs of Quanzhou City (泉州市金融工 Bureau’’ 作局)

‘‘Quanzhou Haoxiang’’ Quanzhou Haoxiang Stone Co., Ltd.* (泉州豪翔石業有限公司), a company established in the PRC with limited liability on 22 October 2003 and one of the Promoters which will hold approximately [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). For details of its shareholding, please refer to the section headed ‘‘History and Development — Our Corporate Structure — Prior to [REDACTED]’’ in this document

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‘‘Quanzhou Jianyuan’’ Quanzhou Jianyuan Investment and Development Co., Ltd.* (泉 州市建源投資發展有限公司), a company established in the PRC with limited liability on 6 June 2005 and one of the Promoters which will hold approximately [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). For details of its shareholding, please refer to the section headed ‘‘History and Development — Our Corporate Structure — Prior to [REDACTED]’’ in this document

‘‘Quanzhou Xingyuan’’ Quanzhou Xingyuan Plastics Co., Ltd.* (泉州興源塑料有限公 司), a company established in the PRC with limited liability on 21 September 1994 and ultimately 100% owned by Mr. Ng Kar Cheong (黃加種),thefatherofMr.NgSengChuan(our Supervisor)

‘‘Quanzhou Yuanpeng’’ Quanzhou Yuanpeng Clothing and Textile Co., Ltd.* (泉州市遠 鵬服飾織造有限公司), a company established in the PRC with limited liability on 2 December 2004 and one of the Promoters which will hold approximately [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). It is owned by Wealth Success. For details of its shareholding, please refer to the section headed ‘‘History and Development — Our Corporate Structure — Prior to [REDACTED]’’ in this document

‘‘Regulation S’’ Regulation S under the U.S. Securities Act

‘‘Renminbi’’ or ‘‘RMB’’ the lawful currency of the PRC

‘‘SAFE’’ the State Administration of Foreign Exchange of the PRC (中華 人民共和國國家外匯管理局)

‘‘Sand Beach’’ Sand Beach Development Limited (封域發展有限公司), a company incorporated in Hong Kong with limited liability on 9 March 1990, a shareholder holding 100% interest in Quanzhou Anping which will in turn hold [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). For details of its shareholding, please refer to the section headed ‘‘History and Development — Our Corporate Structure — Prior to [REDACTED]’’ in this document

‘‘SAT’’ the State Administration of Taxation of the PRC (中華人民共和 國國家稅務總局)

‘‘SCNPC’’ the Standing Committee of the NPC (全國人民代表大會常務委員 會)

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‘‘Securities and Futures the Securities and Futures Commission of Hong Kong Commission’’ or ‘‘SFC’’

‘‘Septwolves Group Holding’’ Septwolves Group Holding Co., Ltd.* (七匹狼控股集團股份有限 公司), a company incorporated in the PRC with limited liability on 25 February 2000, which is owned as to 82.86% by Fujian Septwolves Group, 3.43% by Mr. Zhou Yongwei, 5.71% by Mr. Zhou Shaoxiong, 5.71% by Mr. Zhou Shaoming and 2.29% by Ms. Chen Pengling

‘‘SFO’’ the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong, as amended, supplemented or otherwise modified from time to time

‘‘Share(s)’’ Domestic Share(s) and/or H Share(s)

‘‘Shareholder(s)’’ holder(s)oftheShare(s)

‘‘Shishi Yingfeng’’ Shishi Yingfeng Clothing Co., Ltd.* (石獅盈豐服飾有限公司), a company established in the PRC with limited liability on 19 September 2006 and one of the Promoters which will hold approximately [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). It is owned by an Independent Third Party. For details of its shareholding, please refer to the section headed ‘‘History and Development — Our Corporate Structure — Prior to [REDACTED]’’ in this document

‘‘[REDACTED],’’ [REDACTED], a company incorporated in Hong Kong with ‘‘[REDACTED],’’ limited liability on 8 August 2011, a licensed corporation under ‘‘[REDACTED]’’ or the SFO to carry on type 1 (dealing in securities) regulated ‘‘[REDACTED]’’ activities

‘‘Special Regulations’’ the Special Regulations of the State Council on the Overseas Offering and Listing of Shares by Joint Stock Limited Companies (國務院關 於股份有限公司境外募集股份及上市的特別規定), promulgated by the State Council on 4 August 1994

‘‘State Council’’ the State Council of the PRC (中華人民共和國國務院)

‘‘Sole Sponsor’’ or ‘‘Changjiang Changjiang Corporate Finance (HK) Limited, a company Corporate Finance’’ incorporated in Hong Kong with limited liability on 8 August 2011, a licensed corporation under the SFO to carry on type 6 (advising on corporate finance) regulated activity (being the sole sponsor to the Company in respect of [REDACTED])

– 29 – THIS DOCUMENT IS IN DRAFT FORM, INCOMPLETE AND SUBJECT TO CHANGE AND THE INFORMATION MUST BE READ IN CONJUNCTION WITH THE SECTION HEADED ‘‘WARNING’’ ON THE COVER OF THIS DOCUMENT. DEFINITIONS

‘‘Substantial Shareholder(s)’’ has the meaning ascribed thereto in the Listing Rules and unless the context requires otherwise, collectively refers to Fujian Septwolves Group, Mr. Zhou Yongwei and Ms. Chen Pengling

‘‘Supervisor(s)’’ member(s) of the Supervisory Committee

‘‘Supervisory Committee’’ our supervisory committee established pursuant to the PRC Company Law, as described in ‘‘Directors, Supervisors and Senior Management’’ in this document

‘‘Takeovers Code’’ the Codes on Takeovers and Mergers and Share Buybacks, as amended from time to time

‘‘Track Record Period’’ the three financial years ended 31 December 2013, 2014 and 2015 and the three months ended 31 March 2016

‘‘Trademark Office’’ the Trademark Office of the State Administration for Industry & Commerce of the PRC (中華人民共和國國家工商行政管理總局 商標局)

‘‘[REDACTED]’’ [REDACTED]

‘‘[REDACTED]’’ [REDACTED]

‘‘United States’’ the United States of America, its territories, its possessions and all areas subject to its jurisdiction

‘‘U.S. Securities Act’’ the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder

‘‘US dollars’’ United States dollars, the lawful currency of the United States

‘‘Wealth Success’’ Wealth Success Enterprise Limited (成康企業有限公司), a company incorporated in Hong Kong with limited liability on 26 July 2007, the sole shareholder of Quanzhou Yuanpeng which will in turn hold [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). For details of its shareholding, please refer to the section headed ‘‘History and Development — Our Corporate Structure — Prior to [REDACTED]’’ in this document

‘‘Xiamen Borong’’ Xiamen Borong Pawn Co., Ltd.* (廈門博融典當有限責任公司), a company established in the PRC with limited liability on 28 September 2002, which is owned by Xiamen Guarantee Co., Ltd.* (廈門市擔保有限公司) being an Independent Third Party, Fujian Septwolves Group and two other Independent Third Parties as to 40%, 30%, 17.5% and 12.5%

– 30 – THIS DOCUMENT IS IN DRAFT FORM, INCOMPLETE AND SUBJECT TO CHANGE AND THE INFORMATION MUST BE READ IN CONJUNCTION WITH THE SECTION HEADED ‘‘WARNING’’ ON THE COVER OF THIS DOCUMENT. DEFINITIONS

‘‘Xiamen Gaoxinhong’’ Xiamen Gaoxinhong Equity Investment Co., Ltd.* (廈門市高鑫泓 股權投資有限公司), previously known as Xiamen Laierfu Trading Co., Ltd.* (廈門來爾富貿易有限責任公司), a company established in the PRC with limited liability on 22 May 2001 and one of the Promoters which will hold approximately [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). For details of its shareholding, please refer to the section headed ‘‘History and Development — Our Corporate Structure — Prior to [REDACTED]’’ in this document

‘‘Xiamen Rural Commercial Bank’’ Xiamen Rural Commercial Bank Co., Ltd. (廈門農村商業銀行股 份有限公司), a company established in the PRC with limited liability, being an Independent Third Party

‘‘Xiamen Sifang’’ Xiamen Sifang Jiasheng Trading Company Limited* (廈門四方嘉 盛貿易有限公司), a company established in the PRC with limited liability on 2 November 2007, a shareholder holding approximately [REDACTED] interest in Xiamen Gaoxinhong which will in turn hold approximately [REDACTED] interest in our Company upon [REDACTED] (assuming no [REDACTED] is exercised). For details of its shareholding, please refer to the section headed ‘‘History and Development — Our Corporate Structure — Prior to [REDACTED]’’ in this document

* denotes English translation of the name of a Chinese company or entity, or vice versa, and is provided for identification purposes only

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