For the year ended 31 December
2015	2016
HK$(’000)	%	HK$(’000)	%
(N)Renderioeng of elderly htome care services .....	33,582	84.1	48,874	82.9
Sales of elderly related goods and provision of
\( ( N o t e ) \))healthcare services .................	6,355	15.9	10,101	17.1
Total ................................	39,937	100.0	58,975	100.0

Note: The revenue generated by Wan Tsui was not included as part of our Group’s revenue generated during the Track Record Period as Wan Tsui was considered as our associate prior to the disposal of our entire interest in Wan Tsui on 28 June 2016. For details of its accounting treatment, please see the paragraphs headed “Financial information — Share of profits and losses/gain on disposal of associates” in this prospectus and note 15 to the Accountants’ Report as set out in Appendix I to this prospectus. The completion of the acquisition of approximately 66.7% interest in Shui On (Kwai Shing E.) and the entire interest in Shui On (Sun Tin Wai) by our Group took place by the end of August 2016 and September 2016, respectively. As such, our revenue generated from the rendering of elderly home care services for the year ended 31 December 2016 took into account our revenue generated from each of Shui On (Kwai Shing E.) and Shui On (Sun Tin Wai) elderly residential care homes during the period between the dates when they became our subsidiaries and 31 December 2016.

The table below sets forth details of the average monthly occupancy rate of each of our elderly residential care homes during the Track Record Period:

Elderly residential care home	Overall average	Average for non-EBPS
residential care lpaces
(individual customers
and non-governmental
organisations)	Average for residential
care lpaces under
the EBPS
For the year ended
31 December	For the year ended
31 December	For the year ended
31 December
2015	2016	2015	2016	2015	2016
%	%	%	%	%	%
Shui On (Shun On) .............	95.8	94.9	94.9	91.5	98.3	98.3
(N3)Shuit Hi oe ng...............	96.7	96.7	96.7	96.7	–	–
(N3)Shui Otn (Hin Whoe ga)........	98.6	98.6	98.6	98.6	–	–
(N2dShuit3) O n(S e n unTinWos ai)a. .	N/A	98.9	N/A	98.9	N/A	–
(NShuioe2 Ot)n (Kwai Shing E.) . . . .	N/A	93.2	N/A	84.9	N/A	98.5

Notes:

1. The monthly occupancy rate is calculated by dividing the number of elderly residents as at the month end of each elderly residential care home by the number of residential care places available at that elderly residential care home. The average monthly occupancy rate is the average of all the monthly occupancy rates over the financial year.

2. The relevant periods for calculating the average monthly occupancy rates of Shui On (Kwai Shing E.) and Shui On (Sun Tin Wai) only cover the periods since the dates when they became our subsidiaries and up to 31 December 2016. The completion of the acquisition of approximately 66.7% interest in Shui On (Kwai Shing E.) and the entire interest in Shui On (Sun Tin Wai) by our Group took place by the end of August 2016 and September 2017, respectively.

3. The Shui Hing, Shui On (Hing Wah) and Shui On (Sun Tin Wai) elderly residential care homes do not participate in the EBPS. As such, the average monthly occupancy rate for residential care places under the EBPS is not applicable to them.

# OUR ELDERLY RESIDENTIAL CARE HOMES

Through our principal Hong Kong subsidiaries including Shui On (Shun On), Shui Hing, Shui On (Hing Wah), Shui On (Sun Tin Wai) and Shui On (Kwai Shing E.), we owned and operated four “Shui On瑞安” and one “Shui Hing 瑞興” branded elderly residential care homes across the Kwun Tong, Shatin, Eastern and Kwai Tsing districts in Hong Kong with a total of 589 residential care places as at the Latest Practicable Date.

Our elderly residential care homes are strategically situated in the vicinity of public housing estates and residential areas with a high density of potential customers nearby as well as shopping malls and