# 14 SUBSIDIARIES (CONTINUED)

# (a) Details of the principal subsidiaries at 31 December 2020 are set out below: (Continued)

14 附屬公司（續）

(a) 於二零二零年十二月三十一日，主要附屬公司的詳情載列如下：（續）

<table><tr><td>Name of companies 
公司名稱</td><td>Principal 
activities 
and place 
of operation 
主要活動及 
營運地點</td><td>Particulars of issued share
capital and debt securities
已發行股本及債務證券細節</td><td colspan="2">Ownership
interest held 
by the Group (%)
由本集團 
持有的擁有權權益 (%)</td><td colspan="2">Ownership
 interest held
by non-controlling
 interests (%)
由非控制性權益 
持有的擁有權權益 (%)</td><td>Note
附註</td></tr><tr><td></td><td></td><td></td><td>2020 
二零二零年</td><td>2019
二零一九年</td><td>2020
二零二零年</td><td>2019
二零一九年</td><td></td></tr><tr><td>Shenzhen Redco Zhangzhewu
 Health Investment
 Development Co., Ltd.
深圳力高長者屋健康投資發展有限公司</td><td>Medical and
 Health services
 in PRC
在中國的醫療及
 保健服務</td><td>Registered RMB29,400,000
Paid up RMB18,000,000
已登記人民幣 29,400,000 元
已繳足人民幣 18,000,000 元</td><td>100%</td><td>—</td><td>—</td><td>—</td><td>3, L</td></tr><tr><td>Shenzhen Zhongtian Yunlian
 Technology Development
 Co., Ltd.
深圳中天雲聯科技發展有限公司</td><td>Software 
 invention
 in PRC
在中國開發軟件</td><td>Registered RMB10,000,000
Paid up RMB nil
已登記人民幣 10,000,000 元
已繳足人民幣零元</td><td>100%</td><td>—</td><td>—</td><td>—</td><td>3, L</td></tr><tr><td>Shenzhen Yujian Youju Real
 Estate Consulting Co., Ltd.
深圳遇見優居置業諮詢有限公司</td><td>Property sales
  planning
 in PRC
在中國物業銷售及
規劃</td><td>Registered RMB5,000,000
Paid up RMB nil
已登記人民幣 5,000,000 元
已繳足人民幣零元</td><td>100%</td><td>—</td><td>—</td><td>—</td><td>3, L</td></tr><tr><td>Wuhu Forest Property Management
 Co., Ltd.
蕪湖市森林物業管理有限公司</td><td>Property 
 management 
 in PRC
在中國管理物業</td><td>Registered RMB5,000,000
Paid up RMB5,000,000
已登記人民幣 5,000,000 元
已繳足人民幣 5,000,000 元</td><td>51%</td><td>—</td><td>49%</td><td>—</td><td>3, L</td></tr><tr><td>Jiangmen Yujia Property Service 
 Co., Ltd. 
江門市御嘉物業服務有限公司</td><td>Property
 service in PRC
在中國的物業服務</td><td>Registered RMB500,000
Paid up RMB350
已登記人民幣 500,000 元
已繳足人民幣 350 元</td><td>70%</td><td>—</td><td>30%</td><td>—</td><td>3, L</td></tr><tr><td>Yantai Ruilong Dongsheng 
 Real Estate Co., Limited
煙台瑞龍東晟置業有限公司</td><td>Property 
 development 
 in the PRC
在中國開發物業</td><td>Registered RMB 875,000,000
Paid up RMB 866,250,000
已登記人民幣875,000,000元
已繳足人民幣 866,250,000 元</td><td>30%
（Note (xi)）
（附註 (xi)）</td><td>100%</td><td>70%</td><td>—</td><td>3, L</td></tr></table>

Note:

1: Incorporated in British Virgin Islands

2: Incorporated in Hong Kong

3: Incorporated in the PRC

4: Incorporated in Singapore

L: Register as limited liability company

W: Register as wholly owned foreign enterprise

S: Register as sino-foreign equity joint venture

附錄：

1： 於英屬處女群島註冊成立

2： 於香港註冊成立

3： 於中國註冊成立

4： 於新加坡註冊成立

L： 登記為有限責任公司

W： 登記為外商獨資企業

S： 登記為中外合資合營企業

# 14 SUBSIDIARIES (CONTINUED)

# (a) Details of the principal subsidiaries at 31 December 2020 are set out below: (Continued)

Note:

(i) Although the Group owns not more than half of the equity interest in Redco Investment (International) Co., Ltd. (“Redco Investment”), it is able to control the financing and operating decisions since the Group and the other shareholder agreed that the directors of the Group have the casting vote in the Board of Directors’ meeting for resolution of operating and major decisions. The decisions are made by simple majority. It follows that the Group should consolidate Redco Investment as a subsidiary in the Group’s financial statements.

(ii) As the 31% shareholder of Huaiyuan Yide City Development Co., Ltd. (“Huaiyuna Yide”) has granted its voting rights to the Group, the Group owns more than half of the voting rights in Huaiyuna Yide. The decisions are made by simple majority. It follows that the Group should consolidate Huaiyuna Yide as a subsidiary in the Group’s financial statements.

(iii) Although the Group owns not more than half of the equity interest in Jiangxi Redco Guocheng Real Estate Development Co., Ltd. (“Jiangxi Redco Guocheng”), it is able to control more than half of the voting rights by virtue of the fact that 2 out of 3 directors of Jiangxi Redco Guocheng are elected by the Group and the board of Jiangxi Redco Guocheng is able to direct the activities of Jiangxi Redco Guocheng which significantly affect the returns. The decisions are made by simple majority. It follows that the Group should consolidate Jiangxi Redco Guocheng as a subsidiary in the Group’s financial statements.

14 附屬公司（續）

(a) 於二零二零年十二月三十一日，主要附屬公司的詳情載列如下：（續）

附註：

(i) 儘管本集團擁有力高投資（國 際 ）有 限 公 司（「力 高 投資」）的股權不超過一半，惟由於本集團及其他股東同意本集團董事於董事會會議上可就涉及經營及重大決策的決議案投決定票，故本集團可控制該公司的財務及經營決定。有關決定按簡單多數制作出。因此，本集團將力高投資作為附屬公司於本集團財務報表綜合入賬。

(ii) 由於懷遠毅德城發展有限公司（「懷遠毅德」）的 31% 股東已向本集團授出其投票權，故本集團擁有懷遠毅德的超過一半投票權。有關決定按簡單多數制作出。因此，本集團將懷遠毅德作為附屬公司於本集團財務報表綜合入賬。

(iii) 儘管本集團擁有江西力高國誠地產開發有限公司（「江西力高國誠」）的股權不超過一半，惟由於江西力高國誠三名中有兩名董事由本集團選出，且江西力高國誠的董事會可以領導江西力高國誠對回報產生巨大影響的活動，故本集團可控制超過一半的投票權。有關決定按簡單多數制作出。因此，本集團將江西力高國誠作為附屬公司於本集團財務報表綜合入賬。