| [ X ] | Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|-------|--------------------------------------------------------------------------------------|

| Title of each class            | Name of each exchange on which registered |
|--------------------------------|-------------------------------------------|
| Common Shares, $0.01 Par Value | NASDAQ Global Select Market               |

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| Large accelerated filer  ☐Accelerated filer  ☒ |                                  | Non-accelerated filer  ☐Emerging growth company  ☐ |   |
|----------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------|--------|

| U.S. GAAP  ☐ |   | International Financial Reporting Standards as issued by the International Accounting Standards Board  ☒ |   | Other  ☐ |
|-------------------------|--------|---------------------------------------------------------------------------------------------------------------------|--------|---------------------|

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|  ITEM 1.   |  IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS       |  3    |
|----------------------|------------------------------------------------------------------------|-----------------|
|  ITEM 2.   |  OFFER STATISTICS AND EXPECTED TIMETABLE                     |  3    |
|  ITEM 3.   |  KEY INFORMATION                                             |  3    |
|  ITEM 4.   |  INFORMATION ON THE COMPANY                                  |  25   |
|  ITEM 4A.  |  UNRESOLVED STAFF COMMENTS                                   |  35   |
|  ITEM 5.   |  OPERATING AND FINANCIAL REVIEW AND PROSPECTS                |  35   |
|  ITEM 6.   |  DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES                  |  51   |
|  ITEM 7.   |  MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS           |  59   |
|  ITEM 8.   |  FINANCIAL INFORMATION                                       |  61   |
|  ITEM 9.   |  THE OFFER AND LISTING                                       |  113  |
|  ITEM 10.  |  ADDITIONAL INFORMATION                                      |  113  |
|  ITEM 11.  |  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK  |  125  |
|  ITEM 12.  |  DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES      |  126  |
|  ITEM 13.   |       DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES                              |  126  |
|-----------------------|------------------------------------------------------------------------------------------------------------------|-----------------|
|  ITEM 14.   |      MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS  |  126  |
|  ITEM 15.   |      CONTROLS AND PROCEDURES                                                            |  127  |
|  ITEM 15T.  |      CONTROLS AND PROCEDURES                                                            |  128  |
|  ITEM 16A.  |      AUDIT COMMITTEE FINANCIAL EXPERT                                                   |  128  |
|  ITEM 16B.  |      CODE OF ETHICS                                                                     |  128  |
|  ITEM 16C.  |      PRINCIPAL ACCOUNTANT FEES AND SERVICES                                             |  128  |
|  ITEM 16D.  |      EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES                         |  129  |
|  ITEM 16E.  |      PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS        |  129  |
|  ITEM 16F.  |      CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT                                       |  129  |
|  ITEM 16G.  |      CORPORATE GOVERNANCE                                                               |  129  |
|  ITEM 16H.  |      MINE SAFETY DISCLOSURE                                                             |  129  |
|  ITEM 17.  |      FINANCIAL STATEMENTS  |  130  |
|----------------------|-----------------------------------------------------|-----------------|
|  ITEM 18.  |      FINANCIAL STATEMENTS  |  130  |
|  ITEM 19.  |      EXHIBITS              |  130  |

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| · | customer satisfaction and quality issues;  |
|--------|-------------------------------------------------|

| · | competition;  |
|--------|--------------------|

| · | our ability to achieve and execute internal business plans;  |
|--------|-------------------------------------------------------------------|

| · | worldwide political instability and economic downturns and inflation, including any weakness in the economic and political conditions of countries in the Asia-Pacific region, including China; and  |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | other factors described herein under “Risk Factors.” |
|--------|------------------------------------------------------------------|

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|  | ITEM 1. | IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS– (Not applicable) |
|--|---------|-------------------------------------------------------------------------------|

|  | ITEM 3. | KEY INFORMATION |
|--|---------|-----------------|

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|                                                                                |   | Year ended December 31,                                                |       |
|-------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------|------------|
|                                                                                |   | 2016                                                                   |       |   | 2015 |   |   | 2014 |   |   | 2013 |   |   | 2012 |   |
|                                                                                |   | (In U.S. Dollars Thousands Except Number of Shares and Per Share Data) |       |
| Revenue:                                                                            |   |                                                                   |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Exhibitions                                                                         |   | $                                                                      | 92,381     |   |   | $ | 91,854 |   |   | $ | 88,941 |   |   | $ | 76,786 |   |   | $ | 78,829 |   |
| Online and other media services                                           |   |                                                                   | 58,340     |   |   |   | 70,242 |   |   |   | 82,430 |   |   |   | 93,388 |   |   |   | 124,168 |   |
| Miscellaneous                                                             |   |                                                                   | 6,946      |   |   |   | 8,929 |   |   |   | 7,911 |   |   |   | 7,200 |   |   |   | 6,824 |   |
|                                                                                |   |                                                                   | 157,667    |   |   |   | 171,025 |   |   |   | 179,282 |   |   |   | 177,374 |   |   |   | 209,821 |   |
| Operating Expenses:                                                                 |   |                                                                   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sales (Note 1)                                                                      |   |                                                                   | 44,767     |   |   |   | 50,231 |   |   |   | 56,095 |   |   |   | 56,773 |   |   |   | 74,701 |   |
| Event production                                                                    |   |                                                                   | 25,084     |   |   |   | 24,533 |   |   |   | 23,333 |   |   |   | 22,386 |   |   |   | 24,363 |   |
| Community and content (Note 1)                                                      |   |                                                                   | 17,163     |   |   |   | 20,535 |   |   |   | 22,267 |   |   |   | 22,514 |   |   |   | 27,127 |   |
| General and administrative (Note 1)                                                 |   |                                                                   | 43,019     |   |   |   | 43,697 |   |   |   | 48,004 |   |   |   | 45,074 |   |   |   | 37,453 |   |
| Information and technology (Note 1)                                                 |   |                                                                   | 11,315     |   |   |   | 13,348 |   |   |   | 12,126 |   |   |   | 12,087 |   |   |   | 12,376 |   |
| Total Operating Expenses                                                            |   |                                                                   | 141,348    |   |   |   | 152,344 |   |   |   | 161,825 |   |   |   | 158,834 |   |   |   | 176,020 |   |
| Profit on sale of property                                                          |   |                                                                   | -          |   |   |   | 9,791 |   |   |   | - |   |   |   | 15,410 |   |   |   | - |   |
| Profit from Operations                                                              |   |                                                                   | 16,319     |   |   |   | 28,472 |   |   |   | 17,457 |   |   |   | 33,950 |   |   |   | 33,801 |   |
| Interest income                                                                     |   |                                                                   | 558        |   |   |   | 792 |   |   |   | 1,223 |   |   |   | 1,353 |   |   |   | 939 |   |
| Share of loss of associate                                                          |   |                                                                   | -          |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (24 | ) |
| Gain on sale of available-for-sale securities                                       |   |                                                                   | 93         |   |   |   | 188 |   |   |   | 11 |   |   |   | - |   |   |   | - |   |
|     Profit on sale of long term investment                      |   |                                                                   | 43         |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Interest expenses                                                                   |   |                                                                   | (23        | ) |   |   | (83 | ) |   |   | (186 | ) |   |   | - |   |   |   | - |   |
| Impairment loss on investment in associate                                          |   |                                                                   | -          |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (302 | ) |
| Profit before Income Taxes                                                          |   |                                                                   | 16,990     |   |   |   | 29,369 |   |   |   | 18,505 |   |   |   | 35,303 |   |   |   | 34,414 |   |
| Income tax expense                                                                  |   |                                                                   | 1,328      |   |   |   | (4,609 | ) |   |   | (1,646 | ) |   |   | (4,151 | ) |   |   | (1,914 | ) |
| Net profit from continuing operations                                               |   | $                                                                      | 18,318     |   |   | $ | 24,760 |   |   | $ | 16,859 |   |   | $ | 31,152 |   |   | $ | 32,500 |   |
| Net profit from discontinued operations, net ofincome tax                           |   |                                                                   | -          |   |   |   | 5,629 |   |   |   | 1,982 |   |   |   | 1,720 |   |   |   | 445 |   |
| Net profit                                                                          |   | $                                                                      | 18,318     |   |   | $ | 30,389 |   |   | $ | 18,841 |   |   | $ | 32,872 |   |   | $ | 32,945 |   |
| Net (profit)/loss attributable to non-controlling interests from:                   |   |                                                                   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Continuing operations                                             |   |                                                                   | 51         |   |   |   | (765 | ) |   |   | 548 |   |   |   | 767 |   |   |   | (384 | ) |
|     Discontinued operations                                     |   |                                                                   | -          |   |   |   | 264 |   |   |   | (1,059 | ) |   |   | (904 | ) |   |   | (355 | ) |
|     Total                                                       |   |                                                                   | 51         |   |   |   | (501 | ) |   |   | (511 | ) |   |   | (137 | ) |   |   | (739 | ) |
| Net profit attributable to the Company’s shareholders from:                   |   |                                                                   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Continuing operations                                       |   | $                                                                      | 18,369     |   |   | $ | 23,995 |   |   | $ | 17,407 |   |   | $ | 31,919 |   |   | $ | 32,116 |   |
|     Discontinued operations                                     |   |                                                                   | -          |   |   |   | 5,893 |   |   |   | 923 |   |   |   | 816 |   |   |   | 90 |   |
|     Total                                                       |   | $                                                                      | 18,369     |   |   | $ | 29,888 |   |   | $ | 18,330 |   |   | $ | 32,735 |   |   | $ | 32,206 |   |
| Basic net profit per share attributable to the Company’s shareholders from:   |   |                                                                   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Continuing operations                                       |   | $                                                                      | 0.77       |   |   | $ | 0.87 |   |   | $ | 0.54 |   |   | $ | 0.93 |   |   | $ | 0.95 |   |
|     Discontinued operations                                     |   |                                                                   | -          |   |   |   | 0.22 |   |   |   | 0.03 |   |   |   | 0.02 |   |   |   | * |   |
|     Total                                                       |   | $                                                                      | 0.77       |   |   | $ | 1.09 |   |   | $ | 0.57 |   |   | $ | 0.95 |   |   | $ | 0.95 |   |
| Diluted net profit per share attributable to the Company’s shareholders from: |   |                                                                   |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Continuing operations                                       |   | $                                                                      | 0.73       |   |   | $ | 0.83 |   |   | $ | 0.52 |   |   | $ | 0.89 |   |   | $ | 0.90 |   |
|     Discontinued operations                                     |   |                                                                   | -          |   |   |   | 0.20 |   |   |   | 0.03 |   |   |   | 0.02 |   |   |   | * |   |
|     Total                                                       |   | $                                                                      | 0.73       |   |   | $ | 1.03 |   |   | $ | 0.55 |   |   | $ | 0.91 |   |   | $ | 0.90 |   |
| Cash dividends declared per share                                                   |   |                                                                   | -          |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Shares used in basic net profit per share calculations                              |   |                                                                   | 23,897,328 |   |   |   | 27,404,537 |   |   |   | 31,953,136 |   |   |   | 34,426,468 |   |   |   | 34,017,730 |   |
| Shares used in diluted net profit per share calculations                            |   |                                                                   | 25,305,261 |   |   |   | 28,820,976 |   |   |   | 33,482,371 |   |   |   | 36,068,326 |   |   |   | 35,742,495 |   |

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|                                              |   | As at December 31,                                  |       |
|---------------------------------------------------|--------|-----------------------------------------------------|------------|
|                                              |   | 2016                                                |       |   | 2015 |   |   | 2014 |   |   | 2013 |   |   | 2012 |   |
|                                              |   | (In U.S. Dollars Thousands Except Number of Shares) |       |
|                                              |   |                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance Sheet Data:                               |   |                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents                         |   | $                                                   | 88,749     |   |   | $ | 70,356 |   |   | $ | 90,223 |   |   | $ | 137,359 |   |   | $ | 104,631 |   |
| Term deposits with the banks                      |   | $                                                   | 9,919      |   |   | $ | 9,097 |   |   | $ | 4,285 |   |   | $ | 106 |   |   | $ | 4,184 |   |
| Financial assets, available-for-sale              |   | $                                                   | 11,491     |   |   | $ | - |   |   | $ | 3,952 |   |   | $ | 6,367 |   |   | $ | 7,472 |   |
| Total assets (Note 2)                             |   | $                                                   | 271,452    |   |   | $ | 262,087 |   |   | $ | 314,011 |   |   | $ | 339,097 |   |   | $ | 311,169 |   |
| Net assets                                        |   | $                                                   | 165,977    |   |   | $ | 153,567 |   |   | $ | 185,074 |   |   | $ | 213,562 |   |   | $ | 177,312 |   |
| Long-term debt, less current portion              |   | $                                                   | 6,493      |   |   | $ | 7,699 |   |   | $ | 11,702 |   |   | $ | 10,251 |   |   | $ | 15,152 |   |
| Total Company shareholders’ equity (Note 2) |   | $                                                   | 161,921    |   |   | $ | 147,818 |   |   | $ | 171,606 |   |   | $ | 203,980 |   |   | $ | 165,920 |   |
| Common share capital                              |   | $                                                   | 536        |   |   | $ | 533 |   |   | $ | 529 |   |   | $ | 525 |   |   | $ | 521 |   |
| Common shares outstanding (Note 2)                |   |                                                | 23,937,236 |   |   |   | 23,614,687 |   |   |   | 29,906,227 |   |   |   | 34,485,771 |   |   |   | 34,069,363 |   |

| (Note 1) | Non-cash compensation expenses associated with the employee and non-employee equity compensation plans, including the Global Sources Directors Share Grant Award Plan included under various categories of expenses are approximately as follows: sales expenses: $279 (2015: $418; 2014: $409; 2013: $539; 2012: $565), community and content: $62 (2015: $88; 2014: $16; 2013: $43; 2012: $70), general and administrative: $1,360 (2015: $1,418; 2014: $1,215; 2013: $1,340; 2012: $1,524), and information and technology expenses: $204 (2015: $225; 2014: $217; 2013: $248; 2012: $250). |
|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (Note 2) | On 24 June 2010, the Board of Directors of the Company authorized a program to repurchase 11,121,000 of our common shares by tender offer at purchase price of $9.00 per share. Accordingly, in August 2010, we completed the repurchase and paid a total cash consideration of $100,089. On 11 March 2014, the Board of Directors of the Company authorized a program to repurchase 5,000,000 of our common shares by tender offer at purchase price of $10.00 per share. Accordingly, in June 2014, we completed the repurchase and paid a total cash consideration of $50,000. On 9 June 2015, the Board of Directors of the Company authorized a program to repurchase 6,666,666 of our common shares by tender offer at purchase price of $7.50 per share. Accordingly in July 2015, we completed the repurchase and paid a total cash consideration of $50,000. We are holding all of the repurchased shares as treasury shares. |
|----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| · | the introduction of or increases in tariffs, quotas and customs or  import duties or taxes; |
|--------|--------------------------------------------------------------------------------------------------|

| · | breakdowns in negotiations or conclusions of, or rejection of or refusal to adopt or ratify or withdrawal from, international trade agreements; |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| · | failure to abide by international trade-related treaty obligations; |
|--------|---------------------------------------------------------------------|

| · | adverse currency policies or restrictions on transfers of funds; |
|--------|------------------------------------------------------------------|

| · | anti-dumping measures or other restrictions on the importation, sale or distribution of certain products; and/or |
|--------|------------------------------------------------------------------------------------------------------------------|

| · | trade wars or retaliatory measures. |
|--------|-------------------------------------|

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| · | fluctuations in local, regional and/or global political and/or economic conditions; |
|--------|-------------------------------------------------------------------------------------|

| · | fluctuations in the availability of trade finance, especially for small and medium enterprises in the Greater China region; |
|--------|----------------------------------------------------------------------------------------------------------------------------------|

| · | fluctuations in currency exchange rates; |
|--------|------------------------------------------|

| · | trade protectionist measures and related or other adverse or restrictive governmental actions (as described in the preceding risk factor); |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------|

| · | political instability; |
|--------|------------------------|

| · | the threat of terrorist attacks; |
|--------|----------------------------------|

| · | conflicting and/or changing legal and regulatory requirements; |
|--------|----------------------------------------------------------------|

| · | restrictions placed on the operations of companies with a foreign status; |
|--------|---------------------------------------------------------------------------|

| · | significant changes in tax laws and regulations (or the interpretation, practice or policies in respect thereof by tax authorities), tax rates and tax reporting requirements; |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | the loss of revenues, property and equipment from expropriation, nationalization, war, insurrection, terrorism and other political risks; |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------|

| · | economic sanctions against certain countries; and |
|--------|---------------------------------------------------|

| · | oil embargoes or significant fluctuations in oil prices. |
|--------|----------------------------------------------------------|

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| · | privacy, data security, the use of “cookies” and the use of personally identifiable information; |
|--------|--------------------------------------------------------------------------------------------------------------|

| · | copyrights, trademarks and domain names; and |
|--------|----------------------------------------------|

| · | marketing practices, such as telemarketing, e-mail or direct marketing or online behavioral advertising. |
|--------|----------------------------------------------------------------------------------------------------------|

| · | decrease the growth rate of our business; |
|--------|-------------------------------------------|

| · | reduce our revenues; |
|--------|----------------------|

| · | increase our operating expenses; or |
|--------|-------------------------------------|

| · | expose us to significant liabilities. |
|--------|---------------------------------------|

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| · | quarantine or travel restrictions (whether required by government or public health authorities, or self-imposed) could result in the closure of some of our offices and other disruptions to our operations; |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | sickness or death of our key officers and employees; |
|--------|------------------------------------------------------|

| · | a general slowdown in international trade and the global economy; |
|--------|-------------------------------------------------------------------|

| · | our trade shows may have to be cancelled; and |
|--------|-----------------------------------------------|

| · | exhibitor and visitor participation at our trade shows could be significantly curtailed or otherwise adversely affected. |
|--------|--------------------------------------------------------------------------------------------------------------------------|

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| · | storms, typhoons, hurricanes, adverse weather conditions, floods, disasters or natural catastrophes; |
|--------|------------------------------------------------------------------------------------------------------|

| · | labor strikes or transportation delays or shutdowns; |
|--------|------------------------------------------------------|

| · | the spread of H1NI, avian influenza, SARS, Ebola, norovirus and other disease epidemics; |
|--------|------------------------------------------------------------------------------------------|

| · | civil unrest, political instability and the threat of terrorist attacks; |
|--------|--------------------------------------------------------------------------|

| · | conflicting and/or changing legal and regulatory requirements; |
|--------|----------------------------------------------------------------|

| · | changing and/or adverse governmental policies and actions; |
|--------|------------------------------------------------------------|

| · | currency exchange rate fluctuations (particularly in relation to the RMB); |
|--------|----------------------------------------------------------------------------|

| · | decrease in demand for booth space; |
|--------|-------------------------------------|

----

| · | we may not always be able to obtain the required trade show licenses (where applicable), which may limit the number of trade shows we are able to hold; |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | our sales representative companies’ inability to effectively expand their staff and infrastructure; |
|--------|-----------------------------------------------------------------------------------------------------------|

| · | inability to renew our venue contracts on favorable terms or at desired times; |
|--------|--------------------------------------------------------------------------------|

| · | a slowdown in product demand from outlet markets; and |
|--------|-------------------------------------------------------|

| · | sudden closure of event venue sites due to unforeseen circumstances. |
|--------|----------------------------------------------------------------------|

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----

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| · | providing for a staggered Board of Directors, so that it would take three successive annual general meetings to replace all directors; |
|--------|----------------------------------------------------------------------------------------------------------------------------------------|

| · | requiring the approval of 100% of shareholders for shareholder action by written consent; |
|--------|-------------------------------------------------------------------------------------------|

| · | establishing advance notice requirements for submitting nominations for election to the Board of Directors and for proposing matters that may be acted upon by shareholders at a general meeting; and |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | with respect to engaging in business combinations with, or proposed by or on behalf of, any interested shareholder or its affiliate, requiring the approval of not less than two-thirds of the holders of our voting shares (other than shares held by that interested shareholder or any affiliate or associate of such interested shareholder), voting together as a single class, or by a simple majority if the business combination is approved by a majority of the continuing directors or if certain prescribed conditions are met assuming that we will receive fair market value in exchange for such business combination. In this context, a “business combination” includes, among others, (i) any mergers, (ii) any asset sales and other material transactions resulting in a benefit to the interested shareholder or any of its affiliates or associates or (iii) the adoption of a plan for our liquidation or dissolution; an “affiliate” or an “associate” have the respective meanings ascribed to such terms in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); a “continuing director” is a member of our Board of Directors that is not an affiliate or associate or representative of an interested shareholder and was a member of our board prior to such person becoming an interested shareholder; and an “interested shareholder” is any person (other than us or any of our subsidiaries, or any profit sharing, employee share ownership or other employee benefit plan, or any of the shareholders of Trade Media Holdings Limited that received our shares pursuant to a share exchange agreement prior to the listing of our shares on NASDAQ) that owns or has announced its intention to own, or with respect to any of our affiliates or associates, within the prior two years did own, at least 15% of our voting shares. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | ITEM 4. | INFORMATION ON THE COMPANY |
|--|---------|----------------------------|

----

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|                            |   | Year Ended December 31,     |    |
|---------------------------------|--------|-----------------------------|---------|
|                            |   | 2016                        |    |   | 2015 |   |   | 2014 |   |
|                            |   | (In U.S. Dollars Thousands) |    |
|                            |   |                        |    |   |   |   |   |   |   |
| Revenues                        |   |                        |    |   |   |   |   |   |   |
|    Exhibitions   |   | $                           | 92,381  |   |   | $ | 91,854 |   |   | $ | 88,941 |   |
| Online and other media services |   |                        | 58,340  |   |   |   | 70,242 |   |   |   | 82,430 |   |
| Miscellaneous                   |   |                        | 6,946   |   |   |   | 8,929 |   |   |   | 7,911 |   |
|                            |   | $                           | 157,667 |   |   | $ | 171,025 |   |   | $ | 179,282 |   |
|          |   | Year Ended December 31,     |    |
|---------------|--------|-----------------------------|---------|
|          |   | 2016                        |    |   | 2015 |   |   | 2014 |   |
|          |   | (In U.S. Dollars Thousands) |    |
|          |   |                        |    |   |   |   |   |   |   |
| Revenues      |   |                        |    |   |   |   |   |   |   |
| China         |   | $                           | 140,542 |   |   | $ | 151,005 |   |   | $ | 155,432 |   |
| Rest of Asia  |   |                        | 16,809  |   |   |   | 19,741 |   |   |   | 23,441 |   |
| United States |   |                        | 286     |   |   |   | 228 |   |   |   | 344 |   |
| Europe        |   |                        | -       |   |   |   | 1 |   |   |   | - |   |
| Others.       |   |                        | 30      |   |   |   | 50 |   |   |   | 65 |   |
|          |   | $                           | 157,667 |   |   | $ | 171,025 |   |   | $ | 179,282 |   |

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| 1. | Focusing on our core business of connecting buyers worldwide with suppliers in mainland China and the rest of Asia, |
|----|---------------------------------------------------------------------------------------------------------------------|

| 2. | Developing services and content that integrates online marketplaces with trade shows, |
|----|---------------------------------------------------------------------------------------|

| 3. | Expanding our business position in industry sectors: electronics, gifts, home products, and fashion products. We aim to grow and develop each of these, with a significant focus on mainland China’s electronics export industry, which is by far our largest business and opportunity, and |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | We continue to evaluate acquisitions, joint ventures and alliances that support our core business. |
|----|----------------------------------------------------------------------------------------------------|

| Auto Parts & Accessories                                                                                                  | Hardware                                                             |
|-------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------|
| Consumer Electronics                                                                                                          | Home Products                                                        |
| Drones & RoboticsElectronic ComponentsFashion Accessories & FootwearFashion Apparel & FabricsGifts & Premiums | Machinery & PartsMobile ElectronicsSecurity ProductsSmart Living |
| Global Sources ElectronicsGlobal Sources Electronic ComponentsGlobal Sources Fashion Accessories & Footwear | Global Sources Hardware, Auto & MachineryGlobal Sources Home ProductsGlobal Sources Smart Living |
|-----------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------|
| Global Sources Fashion Apparel & Fabrics                                                                    | Global Sources India Products                                                                        |
| Global Sources Gifts & Premiums                                                                             | Global Sources Korea Products                                                                        |

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| Trade Shows / Exhibitions                                                                     | Description, Scheduled Date and Location                                                                                                                                                                                                                 |
|-----------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Shenzhen International MachineryManufacturing Industry Exhibitionand its related shows (SIMM) | Includes mold manufacturing technology and products, cutting tools, industrial automation and robotics, and metal forming and metal cutting machine tools, 3D printing, and more.Scheduled to be held March 29 – April 1, 2017 in Shenzhen, China. |
| Chief Executive China Online | ·              The management portal for China executives in simplified Chinese, with management news, expert blogs and user discussion on leadership, strategy, marketing and human resource management. |
|------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Global Sources Chief Executive China | ·         A leading journal on management practice for senior executives in China, with a special focus on small and medium enterprise manufacturers. Content includes local cases and expert opinion both globally and from within China on business practices relevant to today’s market situation. Published monthly in simplified Chinese. |
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|  | ITEM 4A. | UNRESOLVED STAFF COMMENTS |
|--|----------|---------------------------|

|  | ITEM 5. | OPERATING AND FINANCIAL REVIEW AND PROSPECTS |
|--|---------|----------------------------------------------|

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| (a) | Income Taxes |
|-----|--------------|

| (b) | Goodwill and Intangible assets |
|-----|--------------------------------|

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|                          |   | December 31,               |   |
|-------------------------------|--------|----------------------------|--------|
|                          |   | 2016                       |   |   | 2015 |   |
|                          |   | (in U.S. Dollars Millions) |   |
| Exhibitions, Topranch Limited |   | $                          | 7.8    |   |   | $ | 8.4 |   |
|                          |   | $                          | 7.8    |   |   | $ | 8.4 |   |
|                          |   | December 31,               |   |
|-------------------------------|--------|----------------------------|--------|
|                          |   | 2016                       |   |   | 2015 |   |
|                          |   | (in U.S. Dollars Millions) |   |
| Exhibitions, Topranch Limited |   | $                          | 8.5    |   |   | $ | 10.4 |   |
| Exhibitions, Haoji Group      |   |                       | -      |   |   |   | 6.6 |   |
|                          |   | $                          | 8.5    |   |   | $ | 17.0 |   |

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| · | Revenue growth rate of average  4% |
|--------|-----------------------------------------|

| · | Pre-tax discount rate of 20% applied to the pre-tax cash flow projections |
|--------|---------------------------------------------------------------------------|

| · | Growth rate beyond five years of 1.5% |
|--------|---------------------------------------|

| · | Revenue growth rate of average -3% |
|--------|------------------------------------|

| · | Pre-tax discount rate of 22% applied to the pre-tax cash flow projections |
|--------|---------------------------------------------------------------------------|

| · | Growth rate beyond five years of 1.5% |
|--------|---------------------------------------|

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|                                                                                |   | Year ended December 31, |       |
|-------------------------------------------------------------------------------------|--------|-------------------------|------------|
|                                                                                |   | 2016                    |       |   | 2015 |   |   | 2014 |   |
| Revenue                                                                             |   |                    |       |   |   |   |   |   |   |
| Exhibitions                                                                         |   |                    | 59         | % |   |   | 54 | % |   |   | 50 | % |
| Online and other media services                                                     |   |                    | 37         |   |   |   | 41 |   |   |   | 46 |   |
| Miscellaneous                                                                       |   |                    | 4          |   |   |   | 5 |   |   |   | 4 |   |
|                                                                                |   |                    | 100        |   |   |   | 100 |   |   |   | 100 |   |
| Operating Expenses:                                                                 |   |                    |       |   |   |   |   |   |   |   |   |   |
| Sales                                                                               |   |                    | 29         |   |   |   | 29 |   |   |   | 31 |   |
| Event production                                                                    |   |                    | 16         |   |   |   | 14 |   |   |   | 13 |   |
| Community and content                                                               |   |                    | 11         |   |   |   | 12 |   |   |   | 12 |   |
| General and administrative                                                          |   |                    | 27         |   |   |   | 26 |   |   |   | 27 |   |
| Information and technology                                                          |   |                    | 7          |   |   |   | 8 |   |   |   | 7 |   |
| Total Operating Expenses                                                            |   |                    | 90         | % |   |   | 89 | % |   |   | 90 | % |
| Profit on sale of property                                                          |   |                    | -          |   |   |   | 6 |   |   |   | - |   |
| Profit from Operations                                                              |   |                    | 10         | % |   |   | 17 | % |   |   | 10 | % |
| Net profit attributable to the Company’s shareholders from:                   |   |                    |       |   |   |   |   |   |   |   |   |   |
|   Continuing operations                                                   |   |                    | 12         | % |   |   | 14 |   |   |   | 10 |   |
|   Discontinued operations                                                 |   |                    | -          |   |   |   | 3 |   |   |   | - |   |
|   Total                                                                   |   |                    | 12         | % |   |   | 17 | % |   |   | 10 | % |
| Diluted net profit per share attributable to the Company’s shareholders from: |   |                    |       |   |   |   |   |   |   |   |   |   |
|   Continuing operations                                                   |   | $                       | 0.73       |   |   | $ | 0.83 |   |   | $ | 0.52 |   |
|   Discontinued operations                                                 |   | $                       | -          |   |   | $ | 0.20 |   |   | $ | 0.03 |   |
|   Total                                                                   |   | $                       | 0.73       |   |   | $ | 1.03 |   |   | $ | 0.55 |   |
| Shares used in diluted net profit per share calculations                            |   |                    | 25,305,261 |   |   |   | 28,820,976 |   |   |   | 33,482,371 |   |
|          |   | Year ended December 31, |   |
|---------------|--------|-------------------------|--------|
|          |   | 2016                    |   |   | 2015 |   |   | 2014 |   |
|          |   |                    |   |   |   |   |   |   |   |
| China         |   |                    | 89     | % |   |   | 88 | % |   |   | 87 | % |
| Rest of Asia  |   |                    | 11     |   |   |   | 12 |   |   |   | 13 |   |
| United States |   |                    | *      |   |   |   | * |   |   |   | * |   |
|  Europe  |   |                    | -      |   |   |   | * |   |   |   | - |   |
|  Others  |   |                    | *      |   |   |   | * |   |   |   | * |   |
|          |   |                    | 100    | % |   |   | 100 | % |   |   | 100 | % |

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|                                                                               |   | Payments due by period (in U.S. Dollars Thousands) |   |
|------------------------------------------------------------------------------------|--------|----------------------------------------------------|--------|
|                                                                               |   |                                               |   |   | Less than |   |   |   | 1 - 3 |   |   |   | 3 - 5 |   |   | More than |   |
|                                                                               |   | Total                                              |   |   | 1 year |   |   | years |   |   | years |   |   | 5 years |   |
| Contractual Obligations                                                            |   |                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating leases                                                                   |   | $                                                  | 1,350  |   |   | $ | 620 |   |   | $ | 605 |   |   | $ | 125 |   |   | $ | - |   |
| Purchase obligations (including venue license/rental   obligations) |   | $                                                  | 47,038 |   |   | $ | 12,355 |   |   | $ | 26,098 |   |   | $ | 8,585 |   |   | $ | - |   |
| Deferred income and customer prepayments - long term                               |   | $                                                  | 4,040  |   |   | $ | - |   |   | $ | 4,040 |   |   | $ | - |   |   | $ | - |   |
| Total                                                                              |   | $                                                  | 52,428 |   |   | $ | 12,975 |   |   | $ | 30,743 |   |   | $ | 8,710 |   |   | $ | - |   |

----

| i. | IFRS 9, “Financial instruments” |
|----|---------------------------------------------|

| ii. | IFRS 15, “Revenue from contracts with customers” |
|-----|--------------------------------------------------------------|

| iii. | IFRS 16, “Leases” |
|------|-------------------------------|

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| Name                | Age | Position                        |
|---------------------|-----|---------------------------------|
| Merle Allan Hinrich | 75  | Director and Executive Chairman |
| Craig Pepples       | 56  | Chief Executive Officer         |
| Connie Lai          | 43  | Chief Financial Officer         |
| Brent Barnes        | 44  | Chief Operating Officer         |
| Peter Zapf          | 48  | Chief Information Officer       |
| Sarah Benecke       | 60  | Director                        |
| Eddie Heng Teng Hua | 66  | Director                        |
| David F. Jones      | 52  | Director                        |
| Funmibi Chima       | 42  | Director                        |
| Michael J. Scown    | 58  | Director                        |

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|                                                |   | Year 2016       |   |
|-----------------------------------------------------|--------|-----------------|--------|
|  Function                                      |   |  Employees |   |   | Independent Contractors |   |   |  Total |   |
|                                                |   |            |   |   |   |   |   |   |   |
| Sales                                               |   |            | 641    |   |   |   | 724 |   |   |   | 1,365 |   |
| Trade Show Services                                 |   |            | 49     |   |   |   | 49 |   |   |   | 98 |   |
| Content Development                                 |   |            | 51     |   |   |   | 103 |   |   |   | 154 |   |
| Community Development                               |   |            | 64     |   |   |   | 22 |   |   |   | 86 |   |
| Information System Department (includes CIO office) |   |            | 95     |   |   |   | 50 |   |   |   | 145 |   |
| Corporate Marketing                                 |   |            | 29     |   |   |   | 5 |   |   |   | 34 |   |
| General & Administration                        |   |            | 166    |   |   |   | 53 |   |   |   | 219 |   |
| Total                                               |   |            | 1,095  |   |   |   | 1,006 |   |   |   | 2,101 |   |

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|  | ITEM 7. | MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS |
|--|---------|---------------------------------------------------|

|                                                                                                    |   | Common Shares Beneficially Owned |       |
|---------------------------------------------------------------------------------------------------------|--------|----------------------------------|------------|
| Name of Beneficial Owner                                                                                |   | Shares                           |       |   | Percentage ** |   |
|                                                                                                    |   |                             |       |   |   |   |
| Merle Allan Hinrich                                                                                     |   |                             | 15,725,904 | *** |   |   | 64.92 | %*** |
| Craig Pepples                                                                                           |   |                             | *          |   |   |   | * |   |
| Connie Lai                                                                                              |   |                             | *          |   |   |   | * |   |
| Brent Barnes                                                                                            |   |                             | *          |   |   |   | * |   |
| Peter Zapf                                                                                              |   |                             | *          |   |   |   | * |   |
| Sarah Benecke                                                                                           |   |                             | *          |   |   |   | * |   |
| Eddie Heng Teng Hua                                                                                     |   |                             | *          |   |   |   | * |   |
| David F. Jones                                                                                          |   |                             | *          |   |   |   | * |   |
| Funmibi Chima                                                                                           |   |                             | *          |   |   |   | * |   |
| Michael J. Scown                                                                                        |   |                             | *          |   |   |   | * |   |
| All officers and directors as a group (10 persons)                                                      |   |                             | 16,295,349 |   |   |   | 67.27 | % |
| York Lion, L.P. et al.Ugland House, South Church Street, Box 309, Grand Cayman,KY1-1104, Cayman Islands |   |                             | 2,150,149  | **** |   |   | 8.88 | %**** |

| ** | Based upon 24,222,272 common shares issued and outstanding as of February 28, 2017. The percentage figures are calculated based on our total issued and outstanding common shares (and do not take into account that portion of our total issued common shares which are held as treasury shares). |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| *** | As of February 28, 2017, Mr. Merle Allan Hinrich has the sole power to vote and dispose of 14,125,397 common shares beneficially owned by him (representing approximately 58.31% of our total issued and outstanding common shares), may be deemed to have shared power with his wife Miriam Hinrich to vote or direct to vote and dispose of 288,254 common shares owned by her (representing approximately 1.19% of our total issued and outstanding common shares) and may be deemed to have shared power with Hinrich Investments Limited to vote or direct to vote and dispose of 1,312,253 common shares owned by Hinrich Investments Limited (representing approximately 5.42% of our total issued and outstanding common shares).  Hinrich Investments Limited is owned by a nominee company in trust for the Hinrich Foundation, of which Mr. Hinrich serves as the chairman of the council of members (the decision-making body), and of which he was the founder and the initial settlor. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| **** | Based on Schedule 13D filed on October 3, 2016 by a group comprising S. Nicholas Walker (“Mr. Walker”), York Lion, L.P. (“Lion L.P.”) and York GP, Ltd. (“York GP”). Mr. Walker is the Managing Director of York GP, which serves as the general partner of Lion L.P.  York GP shares the same address as Lion L.P. Mr. Walker also owns an interest in Lion L.P. Additionally, Mr. Walker’s IRA owns an interest in Lion L.P., and he is the beneficiary of a trust, which owns an interest in Lion L.P. The address for Mr. Walker is Praia do Flamengo 278, Flamengo, Rio de Janeiro, Brazil. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                    | Page           |
|---------------------------------------------------------|----------------|
|                                                    |           |
| Report of Independent Registered Public Accounting Firm | 62             |
|                                                    |           |
| Consolidated Income Statements                          | 63             |
|                                                    |           |
| Consolidated Statements of Comprehensive Income         | 64             |
|                                                    |           |
| Consolidated Balance Sheets                             | 65             |
|                                                    |           |
| Consolidated Statements of Changes in Equity            | 66             |
|                                                    |           |
| Consolidated Statements of Cash Flows                   | 67             |
|                                                    |           |
| Notes to the Consolidated Financial Statements          | 68 – 112 |
|                                                    |           |
|                                                    |           |

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|                                                                                |   | Year ended December 31, |       |
|-------------------------------------------------------------------------------------|--------|-------------------------|------------|
|                                                                                |   | 2016                    |       |   | 2015 |   |   | 2014 |   |
|                                                                                |   |                    |       |   |   |   |   |   |   |
| Revenue:                                                                            |   |                    |       |   |   |   |   |   |   |
| Exhibitions.                                                                        |   | $                       | 92,381     |   |   | $ | 91,854 |   |   | $ | 88,941 |   |
| Online and other media services                                                     |   |                    | 58,340     |   |   |   | 70,242 |   |   |   | 82,430 |   |
| Miscellaneous                                                                       |   |                    | 6,946      |   |   |   | 8,929 |   |   |   | 7,911 |   |
|                                                                                |   |                    | 157,667    |   |   |   | 171,025 |   |   |   | 179,282 |   |
| Operating Expenses:                                                                 |   |                    |       |   |   |   |   |   |   |   |   |   |
| Sales                                                                               |   |                    | 44,767     |   |   |   | 50,231 |   |   |   | 56,095 |   |
| Event production                                                                    |   |                    | 25,084     |   |   |   | 24,533 |   |   |   | 23,333 |   |
| Community and content                                                               |   |                    | 17,163     |   |   |   | 20,535 |   |   |   | 22,267 |   |
| General and administrative                                                          |   |                    | 43,019     |   |   |   | 43,697 |   |   |   | 48,004 |   |
| Information and technology                                                          |   |                    | 11,315     |   |   |   | 13,348 |   |   |   | 12,126 |   |
| Total Operating Expenses                                                            |   |                    | 141,348    |   |   |   | 152,344 |   |   |   | 161,825 |   |
| Profit on sale of property                                                          |   |                    | -          |   |   |   | 9,791 |   |   |   | - |   |
| Profit from Operations                                                              |   |                    | 16,319     |   |   |   | 28,472 |   |   |   | 17,457 |   |
| Interest income                                                                     |   |                    | 558        |   |   |   | 792 |   |   |   | 1,223 |   |
| Gain on sale of available-for-sale securities                                       |   |                    | 93         |   |   |   | 188 |   |   |   | 11 |   |
|      Profit on sale of long term investment                |   |                    | 43         |   |   |   | - |   |   |   | - |   |
| Interest expenses                                                                   |   |                    | (23        | ) |   |   | (83 | ) |   |   | (186 | ) |
| Profit before Income Taxes                                                          |   |                    | 16,990     |   |   |   | 29,369 |   |   |   | 18,505 |   |
| Income tax credit/(expense)                                                         |   |                    | 1,328      |   |   |   | (4,609 | ) |   |   | (1,646 | ) |
| Net Profit from continuing operations                                               |   | $                       | 18,318     |   |   | $ | 24,760 |   |   | $ | 16,859 |   |
| Net Profit from discontinued operations, net of income tax                          |   |                    | -          |   |   |   | 5,629 |   |   |   | 1,982 |   |
| Net Profit                                                                          |   | $                       | 18,318     |   |   | $ | 30,389 |   |   | $ | 18,841 |   |
| Net loss/(profit) attributable to non-controlling interests from:                   |   |                    |       |   |   |   |   |   |   |   |   |   |
|   Continuing operations                                                   |   |                    | 51         |   |   |   | (765 | ) |   |   | 548 |   |
|    Discontinued operations                                           |   |                    | -          |   |   |   | 264 |   |   |   | (1,059 | ) |
|    Total                                                             |   |                    | 51         |   |   |   | (501 | ) |   |   | (511 | ) |
| Net Profit attributable to the Company’s shareholders from:                   |   |                    |       |   |   |   |   |   |   |   |   |   |
|   Continuing operations                                                   |   | $                       | 18,369     |   |   | $ | 23,995 |   |   | $ | 17,407 |   |
|   Discontinued operations                                                 |   |                    | -          |   |   |   | 5,893 |   |   |   | 923 |   |
|   Total                                                                   |   | $                       | 18,369     |   |   | $ | 29,888 |   |   | $ | 18,330 |   |
| Basic net profit per share attributable to the Company’s shareholders from:   |   |                    |       |   |   |   |   |   |   |   |   |   |
|    Continuing operations                                             |   | $                       | 0.77       |   |   | $ | 0.87 |   |   | $ | 0.54 |   |
|    Discontinued operations                                           |   |                    | -          |   |   |   | 0.22 |   |   |   | 0.03 |   |
|   Total                                                                   |   | $                       | 0.77       |   |   | $ | 1.09 |   |   | $ | 0.57 |   |
| Shares used in basic net profit per share calculations                              |   |                    | 23,897,328 |   |   |   | 27,404,537 |   |   |   | 31,953,136 |   |
| Diluted net profit per share attributable to the Company’s shareholders from: |   |                    |       |   |   |   |   |   |   |   |   |   |
|   Continuing operations                                                   |   | $                       | 0.73       |   |   | $ | 0.83 |   |   | $ | 0.52 |   |
|   Discontinued operations                                                 |   |                    | -          |   |   |   | 0.20 |   |   |   | 0.03 |   |
|   Total                                                                   |   | $                       | 0.73       |   |   | $ | 1.03 |   |   | $ | 0.55 |   |
| Shares used in diluted net profit per share calculations                            |   |                    | 25,305,261 |   |   |   | 28,820,976 |   |   |   | 33,482,371 |   |

----

|                                                                                               |   | Year ended December 31, |   |
|----------------------------------------------------------------------------------------------------|--------|-------------------------|--------|
|                                                                                               |   |                    |   |   |   |   |   |   |   |
|                                                                                               |   | 2016                    |   |   | 2015 |   |   | 2014 |   |
|                                                                                               |   |                    |   |   |   |   |   |   |   |
| Net profit                                                                                         |   | $                       | 18,318 |   |   | $ | 30,389 |   |   | $ | 18,841 |   |
| Other comprehensive income that may be reclassified subsequently to profit or loss:                |   |                    |   |   |   |   |   |   |   |   |   |   |
| Currency translation differences arising from consolidation                                        |   |                    | (6,867 | ) |   |   | (6,150 | ) |   |   | (2,832 | ) |
| Reclassification to income statement of currency translation differences on disposal of subsidiary |   |                    | -      |   |   |   | (209 | ) |   |   | - |   |
| Financial assets, available-for-sale:                                                              |   |                    |   |   |   |   |   |   |   |   |   |   |
| Fair value gains                                                                                   |   |                    | 127    |   |   |   | 165 |   |   |   | 141 |   |
| Reclassification to income statements on disposal                                                  |   |                    | (93    | ) |   |   | (345 | ) |   |   | (11 | ) |
| Other comprehensive loss for the year, net of tax of $nil                                          |   |                    | (6,833 | ) |   |   | (6,539 | ) |   |   | (2,702 | ) |
| Total comprehensive income for the year                                                            |   |                    | 11,485 |   |   |   | 23,850 |   |   |   | 16,139 |   |
| Total comprehensive income attributable to the Company’s shareholders                        |   |                    | 11,839 |   |   |   | 23,894 |   |   |   | 15,657 |   |
| Total comprehensive (loss)/income attributable to non-controlling interests                        |   |                    | (354   | ) |   |   | (44 | ) |   |   | 482 |   |
| Total comprehensive income for the year                                                            |   | $                       | 11,485 |   |   | $ | 23,850 |   |   | $ | 16,139 |   |
| Total comprehensive income attributable to the Company’s shareholders:                       |   |                    |   |   |   |   |   |   |   |   |   |   |
| Continuing operations                                                                              |   |                    | 11,839 |   |   |   | 18,127 |   |   |   | 14,740 |   |
| Discontinued operations                                                                            |   |                    | -      |   |   |   | 5,767 |   |   |   | 917 |   |
|                                                                                               |   | $                       | 11,839 |   |   | $ | 23,894 |   |   | $ | 15,657 |   |

----

|                                                |   | As at December 31, |     |
|-----------------------------------------------------|--------|--------------------|----------|
|                                                |   |               |     |   |   |   |
|                                                |   | 2016               |     |   | 2015 |   |
| ASSETS                                              |   |               |     |   |   |   |
| Current assets                                      |   |               |     |   |   |   |
| Cash and cash equivalents                           |   | $                  | 88,749   |   |   | $ | 70,356 |   |
| Term deposits with banks                            |   |               | 9,919    |   |   |   | 9,097 |   |
| Financial assets, available-for-sale                |   |               | 11,234   |   |   |   | - |   |
| Accounts receivables, net                           |   |               | 838      |   |   |   | 849 |   |
| Receivables from sales representatives              |   |               | 4,962    |   |   |   | 8,802 |   |
| Inventories                                         |   |               | 111      |   |   |   | 176 |   |
| Prepaid expenses and other current assets           |   |               | 14,129   |   |   |   | 16,268 |   |
|                                                |   |               | 129,942  |   |   |   | 105,548 |   |
| Non-current assets                                  |   |               |     |   |   |   |   |   |
| Property and equipment                              |   |               | 71,604   |   |   |   | 59,064 |   |
| Investment properties                               |   |               | 47,955   |   |   |   | 69,726 |   |
| Intangible assets                                   |   |               | 16,907   |   |   |   | 26,309 |   |
| Financial assets, available-for-sale                |   |               | 257      |   |   |   | - |   |
| Long term investment                                |   |               | -        |   |   |   | 100 |   |
| Deferred income tax assets                          |   |               | 2,669    |   |   |   | 389 |   |
| Other non-current assets                            |   |               | 2,118    |   |   |   | 951 |   |
|                                                |   |               | 141,510  |   |   |   | 156,539 |   |
| Total assets                                        |   | $                  | 271,452  |   |   | $ | 262,087 |   |
|                                                |   |               |     |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS’ EQUITY          |   |               |     |   |   |   |   |   |
|                                                |   |               |     |   |   |   |   |   |
| Current liabilities                                 |   |               |     |   |   |   |   |   |
| Accounts payable                                    |   | $                  | 5,681    |   |   | $ | 7,383 |   |
| Deferred income and customer prepayments            |   |               | 77,450   |   |   |   | 75,265 |   |
| Accrued liabilities                                 |   |               | 14,917   |   |   |   | 15,183 |   |
| Income tax liabilities                              |   |               | 934      |   |   |   | 2,990 |   |
|                                                |   |               | 98,982   |   |   |   | 100,821 |   |
| Non-current liabilities                             |   |               |     |   |   |   |   |   |
| Accounts payable                                    |   |               | -        |   |   |   | 289 |   |
| Deferred income and customer prepayments            |   |               | 4,040    |   |   |   | 2,917 |   |
| Deferred income tax liabilities                     |   |               | 2,453    |   |   |   | 4,493 |   |
|                                                |   |               | 6,493    |   |   |   | 7,699 |   |
|                                                |   |               |     |   |   |   |   |   |
| Total liabilities                                   |   | $                  | 105,475  |   |   | $ | 108,520 |   |
|                                                |   |               |     |   |   |   |   |   |
| Commitments and contingencies (note 25 and 26)      |   |               |     |   |   |   |   |   |
|                                                |   |               |     |   |   |   |   |   |
| Equity attributable to Company’s shareholders |   |               |     |   |   |   |   |   |
| Common shares                                       |   |               | 536      |   |   |   | 533 |   |
| Treasury shares                                     |   |               | (250,089 | ) |   |   | (250,089 | ) |
| Other reserves                                      |   |               | 153,181  |   |   |   | 157,562 |   |
| Retained earnings                                   |   |               | 258,293  |   |   |   | 239,812 |   |
| Total Company shareholders’ equity            |   |               | 161,921  |   |   |   | 147,818 |   |
| Non-controlling interests                           |   |               | 4,056    |   |   |   | 5,749 |   |
| Total equity                                        |   | $                  | 165,977  |   |   | $ | 153,567 |   |
| Total liabilities and equity                        |   | $                  | 271,452  |   |   | $ | 262,087 |   |

----

|                                                                                  |   | Attributable to the Company’s shareholders |   |   |     |   |     |     |   |
|---------------------------------------------------------------------------------------|--------|--------------------------------------------------|--------|--------|----------|--------|----------|----------|--------|
|                                                                                  |   | Common                                           |   |   | Treasury |   |     | Other    |   |   | Retained |   |   |   |   |   | Non-controlling |   |   | Total |   |
|                                                                                  |   | shares                                           |   |   | shares   |   |     | reserves |   |   | earnings |   |   | Total |   |   | interests |   |   | equity |   |
|                                                                                  |   |                                             |   |   |     |   |     |     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance at January 1, 2014                                                            |   | $                                                | 525    |   |     | $      | (150,089 | )        |   | $ | 161,950 |   |   | $ | 191,594 |   |   | $ | 203,980 |   |   | $ | 9,582 |   |   | $ | 213,562 |   |
|                                                                                  |   |                                             |   |   |     |   |     |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total comprehensive income forthe year                                                |   |                                             | -      |   |     |   | -        |     |   |   | (2,673 | ) |   |   | 18,330 |   |   |   | 15,657 |   |   |   | 482 |   |   |   | 16,139 |   |
| Transaction with owners:                                                              |   |                                             |   |   |     |   |     |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fair value of non-controllinginterest in business acquisition                         |   |                                             | -      |   |     |   | -        |     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 4,894 |   |   |   | 4,894 |   |
| Dividend issued by a subsidiary tonon-controlling interests                           |   |                                             | -      |   |     |   | -        |     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,490 | ) |   |   | (1,490 | ) |
| Fair value of non-cash   compensation expense                          |   |                                             | -      |   |     |   | -        |     |   |   | 1,857 |   |   |   | - |   |   |   | 1,857 |   |   |   | - |   |   |   | 1,857 |   |
| Capitalization of intangible assetsrelating to share grants fornon-compete agreements |   |                                             | -      |   |     |   | -        |     |   |   | 112 |   |   |   | - |   |   |   | 112 |   |   |   | - |   |   |   | 112 |   |
| Purchase of treasury shares                                                           |   |                                             | -      |   |     |   | (50,000  | )        |   |   | - |   |   |   | - |   |   |   | (50,000 | ) |   |   | - |   |   |   | (50,000 | ) |
| Issue of new shares                                                                   |   |                                             | 4      |   |     |   | -        |     |   |   | (4 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Balance at December 31, 2014                                                          |   | $                                                | 529    |   |     | $      | (200,089 | )        |   | $ | 161,242 |   |   | $ | 209,924 |   |   | $ | 171,606 |   |   | $ | 13,468 |   |   | $ | 185,074 |   |
|                                                                                  |   |                                             |   |   |     |   |     |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total comprehensive income forthe year                                                |   |                                             | -      |   |     |   | -        |     |   |   | (5,994 | ) |   |   | 29,888 |   |   |   | 23,894 |   |   |   | (44 | ) |   |   | 23,850 |   |
| Transaction with owners:                                                              |   |                                             |   |   |     |   |     |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-controlling interests in subsidiary sold                                          |   |                                             | -      |   |     |   | -        |     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (5,795 | ) |   |   | (5,795 | ) |
| Dividend issued by a subsidiary tonon-controlling interest                            |   |                                             | -      |   |     |   | -        |     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,880 | ) |   |   | (1,880 | ) |
| Fair value of non-cash   compensation expense                          |   |                                             | -      |   |     |   | -        |     |   |   | 2,149 |   |   |   | - |   |   |   | 2,149 |   |   |   | - |   |   |   | 2,149 |   |
| Capitalization of intangible assetsrelating to share grants fornon-compete agreements |   |                                             | -      |   |     |   | -        |     |   |   | 169 |   |   |   | - |   |   |   | 169 |   |   |   | - |   |   |   | 169 |   |
| Purchase of treasury shares                                                           |   |                                             | -      |   |     |   | (50,000  | )        |   |   | - |   |   |   | - |   |   |   | (50,000 | ) |   |   | - |   |   |   | (50,000 | ) |
| Issue of new shares                                                                   |   |                                             | 4      |   |     |   | -        |     |   |   | (4 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Balance at December 31, 2015                                                          |   | $                                                | 533    |   |     | $      | (250,089 | )        |   | $ | 157,562 |   |   | $ | 239,812 |   |   | $ | 147,818 |   |   | $ | 5,749 |   |   | $ | 153,567 |   |
|                                                                                  |   |                                             |   |   |     |   |     |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total comprehensive income forthe year                                                |   |                                             | -      |   |     |   | -        |     |   |   | (6,530 | ) |   |   | 18,369 |   |   |   | 11,839 |   |   |   | (354 | ) |   |   | 11,485 |   |
| Reclassification arising from change in functional currency of a subsidiary           |   |                                             | -      |   |     |   | -        |     |   |   | (112 | ) |   |   | 112 |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Transaction with owners:                                                              |   |                                             |   |   |     |   |     |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividend issued by a subsidiary tonon-controlling interest                            |   |                                             | -      |   |     |   | -        |     |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,339 | ) |   |   | (1,339 | ) |
| Fair value of non-cash   compensation expense                          |   |                                             | -      |   |     |   | -        |     |   |   | 1,905 |   |   |   | - |   |   |   | 1,905 |   |   |   | - |   |   |   | 1,905 |   |
| Capitalization of intangible assetsrelating to share grants fornon-compete agreements |   |                                             | -      |   |     |   | -        |     |   |   | 359 |   |   |   | - |   |   |   | 359 |   |   |   | - |   |   |   | 359 |   |
| Issue of new shares                                                                   |   |                                             | 3      |   |     |   | -        |     |   |   | (3 | ) |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Balance at December 31, 2016                                                          |   | $                                                | 536    |   |     | $      | (250,089 | )        |   | $ | 153,181 |   |   | $ | 258,293 |   |   | $ | 161,921 |   |   | $ | 4,056 |   |   | $ | 165,977 |   |

----

|                                                                                                         |   | Year ended December 31, |    |
|--------------------------------------------------------------------------------------------------------------|--------|-------------------------|---------|
|                                                                                                         |   |                    |    |   |   |   |   |   |   |
|                                                                                                         |   | 2016                    |    |   | 2015 |   |   | 2014 |   |
| Cash flows from operating activities                                                                         |   |                    |    |   |   |   |   |   |   |
| Net profit                                                                                                   |   | $                       | 18,318  |   |   | $ | 30,389 |   |   | $ | 18,841 |   |
| Adjustments for:                                                                                             |   |                    |    |   |   |   |   |   |   |   |   |   |
| Income tax (credit)/expense                                                                                  |   |                    | (1,328  | ) |   |   | 4,888 |   |   |   | 2,468 |   |
| Depreciation and amortization                                                                                |   |                    | 8,946   |   |   |   | 10,326 |   |   |   | 13,061 |   |
| Profit on sale of property and equipment and investment property                                             |   |                    | (12     | ) |   |   | (9,793 | ) |   |   | (41 | ) |
| Gain on sale of available-for-sale securities                                                                |   |                    | (93     | ) |   |   | (345 | ) |   |   | (11 | ) |
| Gain on sale of long term investment                                                                         |   |                    | (43     | ) |   |   | - |   |   |   | - |   |
| Profit on sale of subsidiary                                                                                 |   |                    | -       |   |   |   | (6,382 | ) |   |   | - |   |
| Interest income                                                                                              |   |                    | (558    | ) |   |   | (828 | ) |   |   | (1,314 | ) |
| Provision/(write back) for impairment of receivables                                                         |   |                    | 111     |   |   |   | (35 | ) |   |   | 166 |   |
| Interest expense                                                                                             |   |                    | 23      |   |   |   | 83 |   |   |   | 186 |   |
| Non-cash compensation expense                                                                                |   |                    | 1,905   |   |   |   | 2,149 |   |   |   | 1,857 |   |
| Equipment written off                                                                                        |   |                    | -       |   |   |   | 95 |   |   |   | 40 |   |
| Impairment of intangible assets                                                                              |   |                    | 4,791   |   |   |   | - |   |   |   | 2,242 |   |
| Net foreign exchange differences                                                                             |   |                    | 308     |   |   |   | 561 |   |   |   | 76 |   |
| Changes in working capital (excluding the effects of acquisition and exchange differences on consolidation): |   |                    |    |   |   |   |   |   |   |   |   |   |
| Accounts receivable                                                                                          |   |                    | (100    | ) |   |   | 450 |   |   |   | 687 |   |
| Receivables from sales representatives                                                                       |   |                    | 3,862   |   |   |   | (1,389 | ) |   |   | 2,732 |   |
| Inventories                                                                                                  |   |                    | 65      |   |   |   | (21 | ) |   |   | 112 |   |
| Prepaid expenses and other current assets                                                                    |   |                    | 2,031   |   |   |   | 468 |   |   |   | 1,549 |   |
| Other non-current assets                                                                                     |   |                    | (1,178  | ) |   |   | 147 |   |   |   | 657 |   |
| Accounts payable                                                                                             |   |                    | (1,293  | ) |   |   | (642 | ) |   |   | (1,921 | ) |
| Accrued liabilities                                                                                          |   |                    | (141    | ) |   |   | (2,884 | ) |   |   | (19 | ) |
| Deferred income and customer prepayments                                                                     |   |                    | 3,598   |   |   |   | (4,300 | ) |   |   | (5,977 | ) |
| Cash generated from operations                                                                               |   |                    | 39,212  |   |   |   | 22,937 |   |   |   | 35,391 |   |
| Income tax paid                                                                                              |   |                    | (4,803  | ) |   |   | (6,973 | ) |   |   | (3,120 | ) |
| Net cash generated from operating activities                                                                 |   |                    | 34,409  |   |   |   | 15,964 |   |   |   | 32,271 |   |
|                                                                                                         |   |                    |    |   |   |   |   |   |   |   |   |   |
| Cash flows from investing activities:                                                                        |   |                    |    |   |   |   |   |   |   |   |   |   |
| Acquisition of subsidiary, net of cash acquired and related contingent consideration                         |   |                    | (618    | ) |   |   | (2,556 | ) |   |   | (9,019 | ) |
| Net cash flow from sale of subsidiary                                                                        |   |                    | -       |   |   |   | (9 | ) |   |   | - |   |
| Proceeds from disposal of long term investment                                                               |   |                    | 143     |   |   |   | - |   |   |   | - |   |
| Acquisition of intangible assets                                                                             |   |                    | -       |   |   |   | (584 | ) |   |   | (515 | ) |
| Purchase of property and equipment and investment property                                                   |   |                    | (435    | ) |   |   | (837 | ) |   |   | (18,154 | ) |
| Proceeds from sale of property and equipment and investment property,net of transaction costs                |   |                    | 14      |   |   |   | 20,379 |   |   |   | 57 |   |
| Placement of term deposits with banks                                                                        |   |                    | (18,649 | ) |   |   | (16,411 | ) |   |   | (6,098 | ) |
| Proceeds from matured term deposits with banks                                                               |   |                    | 17,708  |   |   |   | 11,681 |   |   |   | 1,932 |   |
| Purchase of available-for-sale financial assets                                                              |   |                    | (33,693 | ) |   |   | (12,883 | ) |   |   | (2,640 | ) |
| Proceeds from sale of available-for-sale securities                                                          |   |                    | 22,329  |   |   |   | 16,946 |   |   |   | 5,183 |   |
| Interest received                                                                                            |   |                    | 528     |   |   |   | 771 |   |   |   | 1,247 |   |
| Net cash (used in)/generated from investing activities                                                       |   |                    | (12,673 | ) |   |   | 16,497 |   |   |   | (28,007 | ) |
|                                                                                                         |   |                    |    |   |   |   |   |   |   |   |   |   |
| Cash flows from financing activities:                                                                        |   |                    |    |   |   |   |   |   |   |   |   |   |
| Additional investment in subsidiary by non-controlling shareholder                                           |   |                    | -       |   |   |   | - |   |   |   | 149 |   |
| Dividend paid to non-controlling interests                                                                   |   |                    | (1,339  | ) |   |   | (1,880 | ) |   |   | (1,490 | ) |
| Purchase of treasury shares                                                                                  |   |                    | -       |   |   |   | (50,000 | ) |   |   | (50,000 | ) |
| Net cash used in financing activities                                                                        |   |                    | (1,339  | ) |   |   | (51,880 | ) |   |   | (51,341 | ) |
|                                                                                                         |   |                    |    |   |   |   |   |   |   |   |   |   |
| Net increase /(decrease) in cash and cash equivalents                                                        |   |                    | 20,397  |   |   |   | (19,419 | ) |   |   | (47,077 | ) |
| Cash and cash equivalents, beginning of the year                                                             |   |                    | 70,356  |   |   |   | 90,223 |   |   |   | 137,359 |   |
| Effect of exchange rate changes on cash and cash equivalents                                                 |   |                    | (2,004  | ) |   |   | (448 | ) |   |   | (59 | ) |
| Cash and cash equivalents, end of the year                                                                   |   | $                       | 88,749  |   |   | $ | 70,356 |   |   | $ | 90,223 |   |

----

----

----

| (i) | assets and liabilities at the closing exchange rate as at the balance sheet date, |
|-----|-----------------------------------------------------------------------------------|

| (ii) | shareholders’ equity at the historical rates of exchange, |
|------|-----------------------------------------------------------------|

| (iii) | income and expense amounts at the average monthly exchange rates (unless this average is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the rate on the dates of the transactions), |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iv) | all resulting translation differences are recorded in other comprehensive income and accumulated in ‘currency translation reserve’ within equity. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                Buildings                          | Over the remaining lease period or 50 years, whichever is shorter |
|------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------|
|                Leasehold improvements             | 5 years                                                           |
|                Computer equipment and software    | 3 years                                                           |
|                Fixtures, fittings and office equipment | 5 years                                                           |
|                Reusable trade show booths              | 2 years                                                           |
|                Motor vehicles                          | 5 years                                                           |

----

| · | It is technically feasible to complete the software product so that it will be available for use; |
|--------|---------------------------------------------------------------------------------------------------|

| · | Management intends to complete the software product and use or sell it; |
|--------|-------------------------------------------------------------------------|

| · | There is an ability to use or sell the software product; |
|--------|----------------------------------------------------------|

| · | It can be demonstrated how the software product will generate probable future economic benefits; |
|--------|--------------------------------------------------------------------------------------------------|

| · | Adequate technical, financial and other resources to complete the development and to use or sell the software product are available; and |
|--------|------------------------------------------------------------------------------------------------------------------------------------------|

| · | The expenditure attributable to the software product during its development can be reliably measured. |
|--------|-------------------------------------------------------------------------------------------------------|

----

----

| · | significant financial difficulty of the issuer or obligor; |
|--------|------------------------------------------------------------|

| · | a breach of contract, such as a default or delinquency in interest or principal payments; |
|--------|-------------------------------------------------------------------------------------------|

| · | the Group, for economic or legal reasons relating to the borrower’s financial difficulty, granting to the borrower a concession that the Group would not otherwise consider; |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | it becomes probable that the borrower will enter bankruptcy or other financial reorganization; |
|--------|------------------------------------------------------------------------------------------------|

| · | the disappearance of an active market for that financial asset because of financial difficulties; or |
|--------|------------------------------------------------------------------------------------------------------|

| · | observable data indicating that there is a measurable decrease in the estimated future cash flows from a portfolio of financial assets since the initial recognition of those assets, although the decrease cannot yet be identified with the individual financial assets in the portfolio. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

----

----

| · | Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities. |
|--------|--------------------------------------------------------------------------------------------|

| · | Level 2: inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices). |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Level 3: inputs for the asset or liability that are not based on observable market data (that is unobservable inputs). |
|--------|------------------------------------------------------------------------------------------------------------------------|

|                                                       |   | Level 1 |   |   | Level 2 |   |   | Level 3 |   |   | Total  |   |
|------------------------------------------------------------|--------|---------|--------|--------|---------|--------|--------|---------|--------|--------|--------|--------|
|                                                       |   |    |   |   |    |   |   |    |   |   |   |   |
| December 31, 2016                                          |   |    |   |   |    |   |   |    |   |   |   |   |
| Asset                                                      |   |    |   |   |    |   |   |    |   |   |   |   |
| Available-for-sale securities                              |   | $       | 11,234 |   |    | $      | -      |    |   | $      | 257    |   |   | $ | 11,491 |   |
| Total asset                                                |   | $       | 11,234 |   |    | $      | -      |    |   | $      | 257    |   |   | $ | 11,491 |   |
| December 31, 2015                                          |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |   |
| Asset                                                      |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |   |
| Available-for-sale securities                              |   | $       | -      |   |    | $      | -      |    |   | $      | -      |   |   | $ | - |   |
| Total asset                                                |   | $       | -      |   |    | $      | -      |    |   | $      | -      |   |   | $ | - |   |
|                                                       |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |   |
| December 31, 2016                                          |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |   |
| Liability                                                  |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |   |
| Contingent consideration payable in a business combination |   | $       | -      |   |    | $      | -      |    |   | $      | 284    |   |   | $ | 284 |   |
| Total liability                                            |   | $       | -      |   |    | $      | -      |    |   | $      | 284    |   |   | $ | 284 |   |
|                                                       |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |   |
| December 31, 2015                                          |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |   |
| Liability                                                  |   |    |   |   |    |   |   |    |   |   |   |   |   |   |   |   |
| Contingent consideration payable in a business combination |   | $       | -      |   |    | $      | -      |    |   | $      | 897    |   |   | $ | 897 |   |
| Total liability                                            |   | $       | -      |   |    | $      | -      |    |   | $      | 897    |   |   | $ | 897 |   |

----

|                                                                         |   | Financial assets, available-for-sale |   |   | Contingent consideration |   |   | Total  |   |
|------------------------------------------------------------------------------|--------|--------------------------------------|--------|--------|--------------------------|--------|--------|--------|--------|
| December 31, 2016                                                            |   |                                 |   |   |                     |   |   |   |   |
| Opening balance                                                              |   | $                                    | -      |   |                     | $      | (897   | )      |   | $ | (897 | ) |
| Purchases                                                                    |   |                                 | 257    |   |                     |   | -      |   |   |   | 257 |   |
| Contingent consideration paid in relation to acquisition of Topranch Limited |   |                                 | -      |   |                     |   | 618    |   |   |   | 618 |   |
| Losses recognized in consolidated income statement                           |   |                                 | -      |   |                     |   | (5     | )      |   |   | (5 | ) |
| Closing balance                                                              |   | $                                    | 257    |   |                     | $      | (284   | )      |   | $ | (27 | ) |
|                                                                         |   |                                 |   |   |                     |   |   |   |   |   |   |   |
|                                                                         |   |                                 |   |   |                     |   |   |   |   |   |   |   |
| December 31, 2015                                                            |   |                                 |   |   |                     |   |   |   |   |   |   |   |
| Opening balance                                                              |   | $                                    | -      |   |                     | $      | (3,414 | )      |   | $ | (3,414 | ) |
| Contingent consideration paid in relation to acquisition of Topranch Limited |   |                                 | -      |   |                     |   | 2,556  |   |   |   | 2,556 |   |
| Losses recognized in consolidated income statement                           |   |                                 | -      |   |                     |   | (39    | )      |   |   | (39 | ) |
| Closing balance                                                              |   | $                                    | -      |   |                     | $      | (897   | )      |   | $ | (897 | ) |

| 4. | Critical accounting estimates and judgments |
|----|---------------------------------------------|

----

----

|                                                      |   |    Exhibitions |    |   | Onlineand othermediaservices |   |   | All othersegments |   |   | Total  |   |
|-----------------------------------------------------------|--------|-------------------------------|---------|--------|------------------------------|--------|--------|-------------------|--------|--------|--------|--------|
|                                                      |   |                          |    |   |                         |   |   |              |   |   |   |   |
| Revenue from external customers                           |   | $                             | 92,381  |   |                         | $      | 58,340 |              |   | $      | 6,946  |   |   | $ | 157,667 |   |
| Reportable segment profit from operations                 |   | $                             | 5,719   |   |                         | $      | 7,392  |              |   | $      | 3,208  |   |   | $ | 16,319 |   |
| Impairment of intangible assets                           |   | $                             | 4,791   |   |                         | $      | -      |              |   | $      | -      |   |   | $ | 4,791 |   |
| Depreciation and amortization                             |   | $                             | 4,666   |   |                         | $      | 2,689  |              |   | $      | 1,591  |   |   | $ | 8,946 |   |
| Other material non-cash items:                            |   |                          |    |   |                         |   |   |              |   |   |   |   |   |   |   |   |
| Non-cash compensation expenses                            |   | $                             | 1,168   |   |                         | $      | 737    |              |   | $      | -      |   |   | $ | 1,905 |   |
| Additions to property and equipment and intangible assets |   | $                             | 424     |   |                         | $      | 367    |              |   | $      | 3      |   |   | $ | 794 |   |
| Reportable segment assets                                 |   | $                             | 145,659 |   |                         | $      | 75,512 |              |   | $      | 50,281 |   |   | $ | 271,452 |   |
|                                                      |   |    Exhibitions |    |   | Onlineand othermediaservices |   |   | All othersegments |   |   | Total  |   |
|-----------------------------------------------------------|--------|-------------------------------|---------|--------|------------------------------|--------|--------|-------------------|--------|--------|--------|--------|
|                                                      |   |                          |    |   |                         |   |   |              |   |   |   |   |
| Revenue from external customers                           |   | $                             | 91,854  |   |                         | $      | 70,242 |              |   | $      | 8,929  |   |   | $ | 171,025 |   |
| Reportable segment profit from operations                 |   | $                             | 8,719   |   |                         | $      | 5,234  |              |   | $      | 4,728  |   |   | $ | 18,681 |   |
| Depreciation and amortization                             |   | $                             | 5,239   |   |                         | $      | 1,654  |              |   | $      | 3,106  |   |   | $ | 9,999 |   |
| Other material non-cash items:                            |   |                          |    |   |                         |   |   |              |   |   |   |   |   |   |   |   |
| Non-cash compensation expenses                            |   | $                             | 1,010   |   |                         | $      | 1,139  |              |   | $      | -      |   |   | $ | 2,149 |   |
| Additions to property and equipment and intangible assets |   | $                             | 545     |   |                         | $      | 1,001  |              |   | $      | 44     |   |   | $ | 1,590 |   |
| Reportable segment assets                                 |   | $                             | 120,310 |   |                         | $      | 64,136 |              |   | $      | 77,641 |   |   | $ | 262,087 |   |

----

|                                                      |   |    Exhibitions |    |   | Onlineand othermediaservices |   |   | All othersegments |   |   | Total  |   |
|-----------------------------------------------------------|--------|-------------------------------|---------|--------|------------------------------|--------|--------|-------------------|--------|--------|--------|--------|
|                                                      |   |                          |    |   |                         |   |   |              |   |   |   |   |
| Revenue from external customers                           |   | $                             | 88,941  |   |                         | $      | 82,430 |              |   | $      | 7,911  |   |   | $ | 179,282 |   |
| Reportable segment (loss)/profit from operations          |   | $                             | (904    | )      |                         | $      | 14,770 |              |   | $      | 3,591  |   |   | $ | 17,457 |   |
| Impairment of intangible assets                           |   | $                             | 2,242   |   |                         | $      | -      |              |   | $      | -      |   |   | $ | 2,242 |   |
| Depreciation and amortization                             |   | $                             | 7,580   |   |                         | $      | 1,539  |              |   | $      | 3,278  |   |   | $ | 12,397 |   |
| Other material non-cash items:                            |   |                          |    |   |                         |   |   |              |   |   |   |   |   |   |   |   |
| Non-cash compensation expenses                            |   | $                             | 913     |   |                         | $      | 944    |              |   | $      | -      |   |   | $ | 1,857 |   |
| Additions to property and equipment and intangible assets |   | $                             | 34,933  |   |                         | $      | 9,118  |              |   | $      | 176    |   |   | $ | 44,227 |   |
| Reportable segment assets                                 |   | $                             | 132,772 |   |                         | $      | 88,449 |              |   | $      | 92,790 |   |   | $ | 314,011 |   |
|                                                 |   | 2016   |   |   | 2015   |   |   | 2014   |   |
|------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                 |   |   |   |   |   |   |   |   |   |
| Total profit from operations for reportable segments |   | $      | 16,319 |   |   | $      | 18,681 |   |   | $ | 17,457 |   |
| Unallocated amounts:                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Profit on sales of long term investment              |   |   | 43     |   |   |   | -      |   |   |   | - |   |
| Profit on sale of property                           |   |   | -      |   |   |   | 9,791  |   |   |   | - |   |
| Interest income                                      |   |   | 558    |   |   |   | 792    |   |   |   | 1,223 |   |
| Interest expenses                                    |   |   | (23    | )      |   |   | (83    | )      |   |   | (186 | ) |
| Gain on sale of available-for-sale securities        |   |   | 93     |   |   |   | 188    |   |   |   | 11 |   |
| Profit before income taxes                           |   | $      | 16,990 |   |   | $      | 29,369 |   |   | $ | 18,505 |   |

----

|            |   | 2016   |    |   | 2015   |   |    | 2014   |   |
|-----------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
|            |   |   |    |   |   |   |    |   |   |
| Revenues        |   |   |    |   |   |   |    |   |   |
| Exhibitions     |   | $      | 92,381  |   |   | $      | 91,854  |   |   | $ | 88,941 |   |
| Online services |   |   | 52,750  |   |   |   | 64,421  |   |   |   | 75,895 |   |
| Print services  |   |   | 5,590   |   |   |   | 5,821   |   |   |   | 6,535 |   |
| Miscellaneous   |   |   | 6,946   |   |   |   | 8,929   |   |   |   | 7,911 |   |
|            |   | $      | 157,667 |   |   | $      | 171,025 |   |   | $ | 179,282 |   |
|          |   | 2016   |    |   | 2015   |   |    | 2014   |   |
|---------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
|          |   |   |    |   |   |   |    |   |   |
| Revenues      |   |   |    |   |   |   |    |   |   |
| China         |   | $      | 140,542 |   |   | $      | 151,005 |   |   | $ | 155,432 |   |
| Rest of Asia  |   |   | 16,809  |   |   |   | 19,741  |   |   |   | 23,441 |   |
| United States |   |   | 286     |   |   |   | 228     |   |   |   | 344 |   |
| Europe        |   |   | -       |   |   |   | 1       |   |   |   | - |   |
| Others        |   |   | 30      |   |   |   | 50      |   |   |   | 65 |   |
|          |   | $      | 157,667 |   |   | $      | 171,025 |   |   | $ | 179,282 |   |
|               |   | December 31,2016 |    |   | December 31,2015 |   |
|--------------------|--------|------------------|---------|--------|------------------|--------|
|               |   |             |    |   |             |   |
| Non-current assets |   |             |    |   |             |   |
| China              |   | $                | 93,138  |   |             | $      | 108,528 |   |
| Hong Kong          |   |             | 31,373  |   |             |   | 32,387 |   |
| Rest of Asia       |   |             | 14,073  |   |             |   | 15,135 |   |
|               |   | $                | 138,584 |   |             | $      | 156,050 |   |
|                     |   | 2016   |   |   | 2015   |   |   | 2014   |   |
|--------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                     |   |   |   |   |   |   |   |   |   |
| Interest income          |   |   |   |   |   |   |   |   |   |
| Balances with banks      |   | $      | 128    |   |   | $      | 76     |   |   | $ | 84 |   |
| Term deposits with banks |   |   | 430    |   |   |   | 716    |   |   |   | 1,139 |   |
|                     |   | $      | 558    |   |   | $      | 792    |   |   | $ | 1,223 |   |

----

|                                                          |   | 2016   |    |   | 2015   |   |    | 2014   |   |
|---------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
|                                                          |   |   |    |   |   |   |    |   |   |
|                                                          |   |   |    |   |   |   |    |   |   |
| Depreciation of property and equipment (note 11)              |   | $      | 3,674   |   |   | $      | 3,670   |   |   | $ | 3,327 |   |
| Depreciation of investment property (note 12)                 |   |   | 1,591   |   |   |   | 2,015   |   |   |   | 2,197 |   |
| Amortization of intangible assets (note 13)                   |   |   | 3,681   |   |   |   | 4,314   |   |   |   | 6,873 |   |
| Total depreciation and amortization                           |   | $      | 8,946   |   |   | $      | 9,999   |   |   | $ | 12,397 |   |
|                                                          |   |   |    |   |   |   |    |   |   |   |   |   |
| Employee benefit expenses (note 8)                            |   |   | 37,186  |   |   |   | 30,492  |   |   |   | 28,991 |   |
| Rental expense on operating leases                            |   |   | 15,498  |   |   |   | 14,407  |   |   |   | 13,016 |   |
| Content, community, marketing and administrative service fees |   |   | 12,995  |   |   |   | 25,842  |   |   |   | 26,259 |   |
| Advertising costs                                             |   |   | 7,060   |   |   |   | 6,898   |   |   |   | 9,405 |   |
| Sales commissions to third parties                            |   |   | 27,173  |   |   |   | 35,466  |   |   |   | 39,091 |   |
| Business tax                                                  |   |   | 1,211   |   |   |   | 1,968   |   |   |   | 1,317 |   |
| Legal and professional fees                                   |   |   | 730     |   |   |   | 1,374   |   |   |   | 1,211 |   |
| Magazine, printing and mailing                                |   |   | 796     |   |   |   | 961     |   |   |   | 1,172 |   |
| Materials and supplies                                        |   |   | 10,838  |   |   |   | 10,700  |   |   |   | 11,197 |   |
| Impairment of intangible assets (note 13)                     |   |   | 4,791   |   |   |   | -       |   |   |   | 2,242 |   |
| Exchange loss                                                 |   |   | 1,237   |   |   |   | 2,094   |   |   |   | 2,547 |   |
| Other expenses                                                |   |   | 12,887  |   |   |   | 12,143  |   |   |   | 12,980 |   |
| Total operating expenses                                      |   | $      | 141,348 |   |   | $      | 152,344 |   |   | $ | 161,825 |   |
|                                      |   | 2016   |   |   | 2015   |   |   | 2014   |   |
|-------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                      |   |   |   |   |   |   |   |   |   |
| Amortization of intangible assets         |   | $      | 3,681  |   |   | $      | 4,314  |   |   | $ | 6,873 |   |
| Impairment of intangible assets           |   |   | 4,791  |   |   |   | -      |   |   |   | 2,242 |   |
| Exchange loss                             |   |   | 1,237  |   |   |   | 2,094  |   |   |   | 2,547 |   |
| Other general and administrative expenses |   |   | 33,310 |   |   |   | 37,289 |   |   |   | 36,342 |   |
|                                      |   | $      | 43,019 |   |   | $      | 43,697 |   |   | $ | 48,004 |   |
|                            |   | 2016   |   |   | 2015   |   |   | 2014   |   |
|---------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                            |   |   |   |   |   |   |   |   |   |
| Wages and salaries              |   | $      | 31,629 |   |   | $      | 25,981 |   |   | $ | 25,005 |   |
| Retirement contribution plans   |   |   | 2,638  |   |   |   | 1,753  |   |   |   | 1,705 |   |
| Non-cash compensation expenses  |   |   | 1,804  |   |   |   | 1,824  |   |   |   | 1,431 |   |
| Other employee’s benefits |   |   | 1,115  |   |   |   | 934    |   |   |   | 850 |   |
|                            |   | $      | 37,186 |   |   | $      | 30,492 |   |   | $ | 28,991 |   |

----

|                                             |   | 2016   |   |   | 2015   |   |   | 2014   |   |
|--------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                             |   |   |   |   |   |   |   |   |   |
| Current tax:                                     |   |   |   |   |   |   |   |   |   |
| Current foreign tax on profits for the year      |   | $      | 2,832  |   |   | $      | 6,277  |   |   | $ | 4,430 |   |
| Total current tax                                |   |   | 2,832  |   |   |   | 6,277  |   |   |   | 4,430 |   |
| Deferred foreign tax benefit (note 15)           |   |   | (4,160 | )      |   |   | (1,389 | )      |   |   | (1,962 | ) |
| Income tax (credit)/expense                      |   | $      | (1,328 | )      |   | $      | 4,888  |   |   | $ | 2,468 |   |
|                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax (credit) /expense is attributable to: |   |   |   |   |   |   |   |   |   |   |   |   |
| Profit from continuing operations                |   | $      | (1,328 | )      |   | $      | 4,609  |   |   | $ | 1,646 |   |
| Profit from discontinued operations              |   |   | -      |   |   |   | 279    |   |   |   | 822 |   |
|                                             |   | $      | (1,328 | )      |   | $      | 4,888  |   |   | $ | 2,468 |   |
|                                                                                    |   | 2016   |   |   | 2015   |   |   | 2014   |   |
|-----------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                    |   |   |   |   |   |   |   |   |   |
| Profit before income taxes                                                              |   | $      | 16,990 |   |   | $      | 35,277 |   |   | $ | 21,309 |   |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax calculated at statutory income tax rate ofnil% (2015: nil%; 2014: nil%)             |   |   | -      |   |   |   | -      |   |   |   | - |   |
|                                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Tax effect of:                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign income and revenues taxed at higher rates,net of deferred tax assets recognized |   | $      | (1,328 | )      |   | $      | 4,888  |   |   | $ | 2,468 |   |
| Income tax (credit)/expense                                                             |   | $      | (1,328 | )      |   | $      | 4,888  |   |   | $ | 2,468 |   |

----

|                                                                              |   | 2016   |       |   | 2015   |   |       | 2014   |   |
|-----------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|--------|--------|
|                                                                              |   |   |       |   |   |   |       |   |   |
| Profit attributable to equity holders of the Company from continuing operations   |   | $      | 18,369     |   |   | $      | 23,995     |   |   | $ | 17,407 |   |
| Profit attributable to equity holders of the Company from discontinued operations |   |   | -          |   |   |   | 5,893      |   |   |   | 923 |   |
| Total profit attributable to equity holders of the Company                        |   | $      | 18,369     |   |   | $      | 29,888     |   |   | $ | 18,330 |   |
|                                                                              |   |   |       |   |   |   |       |   |   |   |   |   |
| Weighted average number of ordinary shares in issue                               |   |   | 23,897,328 |   |   |   | 27,404,537 |   |   |   | 31,953,136 |   |
|                                                                              |   |   |       |   |   |   |       |   |   |   |   |   |
| Basic earnings per share ($ per share):                                           |   |   |       |   |   |   |       |   |   |   |   |   |
| Continuing operations                                                             |   | $      | 0.77       |   |   | $      | 0.87       |   |   | $ | 0.54 |   |
| Discontinued operations                                                           |   |   | -          |   |   |   | 0.22       |   |   |   | 0.03 |   |
| Total basic earnings per share ($ per share)                                      |   | $      | 0.77       |   |   | $      | 1.09       |   |   | $ | 0.57 |   |
|                                                                              |   | 2016   |       |   | 2015   |   |       | 2014   |   |
|-----------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|--------|--------|
|                                                                              |   |   |       |   |   |   |       |   |   |
| Profit attributable to equity holders of the Company from continuing operations   |   | $      | 18,369     |   |   | $      | 23,995     |   |   | $ | 17,407 |   |
| Profit attributable to equity holders of the Company from discontinued operations |   |   | -          |   |   |   | 5,893      |   |   |   | 923 |   |
| Total profit attributable to equity holders of the Company                        |   | $      | 18,369     |   |   | $      | 29,888     |   |   | $ | 18,330 |   |
|                                                                              |   |   |       |   |   |   |       |   |   |   |   |   |
| Weighted average number of ordinary shares in issue                               |   |   | 23,897,328 |   |   |   | 27,404,537 |   |   |   | 31,953,136 |   |
| Adjustments for share grants                                                      |   |   | 1,407,933  |   |   |   | 1,416,439  |   |   |   | 1,529,235 |   |
| Weighted average number of ordinary shares for diluted earnings per share         |   |   | 25,305,261 |   |   |   | 28,820,976 |   |   |   | 33,482,371 |   |
|                                                                              |   |   |       |   |   |   |       |   |   |   |   |   |
| Diluted earnings per share ($ per share):                                         |   |   |       |   |   |   |       |   |   |   |   |   |
| Continuing operations                                                             |   | $      | 0.73       |   |   | $      | 0.83       |   |   | $ | 0.52 |   |
| Discontinued operations                                                           |   |   | -          |   |   |   | 0.20       |   |   |   | 0.03 |   |
| Diluted earnings per share ($ per share)                                          |   | $      | 0.73       |   |   | $      | 1.03       |   |   | $ | 0.55 |   |

----

|                              |   | Freehold land |   |   | Buildings |   |   | Leaseholdimprovements |   |   | Computerequipment,software,fixtures,fittings andofficeequipmentand reusabletrade showbooths |   |   | Motorvehicles |   |   | Capitalwork-in-progress |   |   | Total  |   |
|-----------------------------------|--------|---------------|--------|--------|-----------|--------|--------|-----------------------|--------|--------|---------------------------------------------------------------------------------------------|--------|--------|---------------|--------|--------|-------------------------|--------|--------|--------|--------|
|                              |   |          |   |   |      |   |   |                  |   |   |                                                                                        |   |   |          |   |   |                    |   |   |   |   |
| Year ended December 31, 2016      |   |          |   |   |      |   |   |                  |   |   |                                                                                        |   |   |          |   |   |                    |   |   |   |   |
| Cost                              |   |          |   |   |      |   |   |                  |   |   |                                                                                        |   |   |          |   |   |                    |   |   |   |   |
| Opening balance                   |   | $             | 9,350  |   |      | $      | 49,906 |                  |   | $      | 13,113                                                                                      |   |   | $             | 31,947 |   |                    | $      | 333    |   |   | $ | - |   |   | $ | 104,649 |   |
| Exchange differences              |   |          | -      |   |      |   | (1,410 | )                     |   |   | (102                                                                                        | )      |   |          | (53    | )      |                    |   | (4     | )      |   |   | (3 | ) |   |   | (1,572 | ) |
| Transfer from investment property |   |          | -      |   |      |   | 19,851 |                  |   |   | -                                                                                           |   |   |          | -      |   |                    |   | -      |   |   |   | - |   |   |   | 19,851 |   |
| Additions                         |   |          | -      |   |      |   | -      |                  |   |   | 58                                                                                          |   |   |          | 284    |   |                    |   | 44     |   |   |   | 49 |   |   |   | 435 |   |
| Disposals and write off           |   |          | -      |   |      |   | -      |                  |   |   | (22                                                                                         | )      |   |          | (1,045 | )      |                    |   | (33    | )      |   |   | - |   |   |   | (1,100 | ) |
| Total cost                        |   | $             | 9,350  |   |      | $      | 68,347 |                  |   | $      | 13,047                                                                                      |   |   | $             | 31,133 |   |                    | $      | 340    |   |   | $ | 46 |   |   | $ | 122,263 |   |
|                              |   |          |   |   |      |   |   |                  |   |   |                                                                                        |   |   |          |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Year ended December 31, 2016      |   |          |   |   |      |   |   |                  |   |   |                                                                                        |   |   |          |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Accumulated depreciation          |   |          |   |   |      |   |   |                  |   |   |                                                                                        |   |   |          |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Opening balance                   |   | $             | -      |   |      | $      | 4,986  |                  |   | $      | 10,488                                                                                      |   |   | $             | 29,931 |   |                    | $      | 180    |   |   | $ | - |   |   | $ | 45,585 |   |
| Exchange differences              |   |          | -      |   |      |   | (174   | )                     |   |   | (85                                                                                         | )      |   |          | (43    | )      |                    |   | (3     | )      |   |   | - |   |   |   | (305 | ) |
| Transfer from investment property |   |          | -      |   |      |   | 2,803  |                  |   |   | -                                                                                           |   |   |          | -      |   |                    |   | -      |   |   |   | - |   |   |   | 2,803 |   |
| Depreciation for the year         |   |          | -      |   |      |   | 1,259  |                  |   |   | 1,129                                                                                       |   |   |          | 1,232  |   |                    |   | 54     |   |   |   | - |   |   |   | 3,674 |   |
| Disposals and write off           |   |          | -      |   |      |   | -      |                  |   |   | (22                                                                                         | )      |   |          | (1,043 | )      |                    |   | (33    | )      |   |   | - |   |   |   | (1,098 | ) |
| Total accumulated depreciation    |   |          | -      |   |      |   | 8,874  |                  |   |   | 11,510                                                                                      |   |   |          | 30,077 |   |                    |   | 198    |   |   |   | - |   |   |   | 50,659 |   |
| Net book amount                   |   | $             | 9,350  |   |      | $      | 59,473 |                  |   | $      | 1,537                                                                                       |   |   | $             | 1,056  |   |                    | $      | 142    |   |   | $ | 46 |   |   | $ | 71,604 |   |
|                              |   |          |   |   |      |   |   |                  |   |   |                                                                                        |   |   |          |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Year ended December 31, 2015      |   |          |   |   |      |   |   |                  |   |   |                                                                                        |   |   |          |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Cost                              |   |          |   |   |      |   |   |                  |   |   |                                                                                        |   |   |          |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Opening balance                   |   | $             | 10,007 |   |      | $      | 50,585 |                  |   | $      | 13,756                                                                                      |   |   | $             | 33,703 |   |                    | $      | 396    |   |   | $ | 117 |   |   | $ | 108,564 |   |
| Exchange differences              |   |          | (657   | )      |      |   | (679   | )                     |   |   | (354                                                                                        | )      |   |          | (1,017 | )      |                    |   | (2     | )      |   |   | 42 |   |   |   | (2,667 | ) |
| Transfer                          |   |          | -      |   |      |   | -      |                  |   |   | -                                                                                           |   |   |          | 318    |   |                    |   | -      |   |   |   | (318 | ) |   |   | - |   |
| Additions                         |   |          | -      |   |      |   | -      |                  |   |   | 25                                                                                          |   |   |          | 653    |   |                    |   | -      |   |   |   | 159 |   |   |   | 837 |   |
| Disposals and write off           |   |          | -      |   |      |   | -      |                  |   |   | (314                                                                                        | )      |   |          | (1,630 | )      |                    |   | -      |   |   |   | - |   |   |   | (1,944 | ) |
| Disposal of subsidiary            |   |          | -      |   |      |   | -      |                  |   |   | -                                                                                           |   |   |          | (80    | )      |                    |   | (61    | )      |   |   | - |   |   |   | (141 | ) |
| Total cost                        |   | $             | 9,350  |   |      | $      | 49,906 |                  |   | $      | 13,113                                                                                      |   |   | $             | 31,947 |   |                    | $      | 333    |   |   | $ | - |   |   | $ | 104,649 |   |
|                              |   |          |   |   |      |   |   |                  |   |   |                                                                                        |   |   |          |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Year ended December 31, 2015      |   |          |   |   |      |   |   |                  |   |   |                                                                                        |   |   |          |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Accumulated depreciation          |   |          |   |   |      |   |   |                  |   |   |                                                                                        |   |   |          |   |   |                    |   |   |   |   |   |   |   |   |   |   |   |
| Opening balance                   |   | $             | -      |   |      | $      | 3,957  |                  |   | $      | 9,678                                                                                       |   |   | $             | 31,241 |   |                    | $      | 169    |   |   | $ | - |   |   | $ | 45,045 |   |
| Exchange differences              |   |          | -      |   |      |   | (49    | )                     |   |   | (238                                                                                        | )      |   |          | (921   | )      |                    |   | (1     | )      |   |   | - |   |   |   | (1,209 | ) |
| Depreciation for the year         |   |          | -      |   |      |   | 1,078  |                  |   |   | 1,299                                                                                       |   |   |          | 1,244  |   |                    |   | 64     |   |   |   | - |   |   |   | 3,685 |   |
| Disposals and write off           |   |          | -      |   |      |   | -      |                  |   |   | (251                                                                                        | )      |   |          | (1,598 | )      |                    |   | -      |   |   |   | - |   |   |   | (1,849 | ) |
| Disposal of subsidiary            |   |          | -      |   |      |   | -      |                  |   |   | -                                                                                           |   |   |          | (35    | )      |                    |   | (52    | )      |   |   | - |   |   |   | (87 | ) |
| Total accumulated depreciation    |   |          | -      |   |      |   | 4,986  |                  |   |   | 10,488                                                                                      |   |   |          | 29,931 |   |                    |   | 180    |   |   |   | - |   |   |   | 45,585 |   |
| Net book amount                   |   | $             | 9,350  |   |      | $      | 44,920 |                  |   | $      | 2,625                                                                                       |   |   | $             | 2,016  |   |                    | $      | 153    |   |   | $ | - |   |   | $ | 59,064 |   |

----

|    Property and equipment         |   | Carryingamount as atDecember 31,2016 |    |   | Carryingamount as atDecember 31,2015 |   |
|--------------------------------------------------|--------|--------------------------------------|---------|--------|--------------------------------------|--------|
|                                             |   |                                 |    |   |                                 |   |
| Shenzhen International Chamber of Commerce Tower |   | $                                    | 7,250   |   |                                 | $      | 3,731 |   |
| Southmark                                        |   | $                                    | 5,648   |   |                                 | $      | 5,833 |   |
| City Point                                       |   | $                                    | 21,143  |   |                                 | $      | 9,374 |   |
| Vita Tower                                       |   | $                                    | 22,731  |   |                                 | $      | 23,224 |   |
| One Sims Lane                                    |   | $                                    | 12,051  |   |                                 | $      | 12,108 |   |
|                                             |   | $                                    | 68,823  |   |                                 | $      | 54,270 |   |
| Investment properties (note 12)                  |   | $                                    | 47,955  |   |                                 | $      | 69,726 |   |
|                                             |   | $                                    | 116,778 |   |                                 | $      | 123,996 |   |

----

|                               |   | 2016   |    |   | 2015   |   |
|------------------------------------|--------|--------|---------|--------|--------|--------|
|                               |   |   |    |   |   |   |
| Cost                               |   |   |    |   |   |   |
| Opening balance                    |   | $      | 81,323  |   |   | $      | 97,567 |   |
| Exchange differences               |   |   | (3,647  | )      |   |   | (3,222 | ) |
| Transfer to property and equipment |   |   | (19,851 | )      |   |   | - |   |
| Disposals                          |   |   | -       |   |   |   | (13,022 | ) |
| Total cost                         |   | $      | 57,825  |   |   | $      | 81,323 |   |
|                               |   |   |    |   |   |   |   |   |
| Accumulated Depreciation           |   |   |    |   |   |   |   |   |
| Opening balance                    |   | $      | 11,597  |   |   | $      | 12,021 |   |
| Exchange differences               |   |   | (515    | )      |   |   | (385 | ) |
| Transfer to property and equipment |   |   | (2,803  | )      |   |   | - |   |
| Depreciation for the year          |   |   | 1,591   |   |   |   | 2,015 |   |
| Disposals                          |   |   | -       |   |   |   | (2,054 | ) |
| Total accumulated depreciation     |   | $      | 9,870   |   |   | $      | 11,597 |   |
|                               |   |   |    |   |   |   |   |   |
| Net book amount                    |   | $      | 47,955  |   |   | $      | 69,726 |   |

| · | Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities. |
|--------|--------------------------------------------------------------------------------------------|

| · | Level 2: inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices). |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Level 3: inputs for the asset or liability that are not based on observable market data (that is unobservable inputs). |
|--------|------------------------------------------------------------------------------------------------------------------------|

----

|                  |   | At 31 December 2016 |   |
|-----------------------|--------|---------------------|--------|
|                  |   |                |   |   |   |   |   |   |   |   |   |   |
|                  |   | Level 1             |   |   | Level 2 |   |   | Level 3 |   |   | Total |   |
|                  |   |                |   |   |   |   |   |   |   |   |   |   |
| Asset                 |   |                |   |   |   |   |   |   |   |   |   |   |
| Investment properties |   | $                   | -      |   |   | $ | - |   |   | $ | 103,926 |   |   | $ | 103,926 |   |
| Total asset           |   | $                   | -      |   |   | $ | - |   |   | $ | 103,926 |   |   | $ | 103,926 |   |
|                  |   | At 31 December 2015 |   |
|-----------------------|--------|---------------------|--------|
|                  |   |                |   |   |   |   |   |   |   |   |   |   |
|                  |   | Level 1             |   |   | Level 2 |   |   | Level 3 |   |   | Total |   |
|                  |   |                |   |   |   |   |   |   |   |   |   |   |
| Asset                 |   |                |   |   |   |   |   |   |   |   |   |   |
| Investment properties |   | $                   | -      |   |   | $ | - |   |   | $ | 142,778 |   |   | $ | 142,778 |   |
| Total asset           |   | $                   | -      |   |   | $ | - |   |   | $ | 142,778 |   |   | $ | 142,778 |   |
|                                     |   | 2016   |   |   | 2015   |   |   | 2014   |   |
|------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                     |   |   |   |   |   |   |   |   |   |
| Insurance                                |   | $      | 43     |   |   | $      | 56     |   |   | $ | 61 |   |
| Property tax/services fee/management fee |   |   | 588    |   |   |   | 692    |   |   |   | 712 |   |
| Building maintenance                     |   |   | 3      |   |   |   | 11     |   |   |   | 36 |   |
| Business tax                             |   |   | 131    |   |   |   | 239    |   |   |   | 232 |   |
| Depreciation                             |   |   | 1,591  |   |   |   | 2,015  |   |   |   | 2,197 |   |
| Total expenses                           |   | $      | 2,356  |   |   | $      | 3,013  |   |   | $ | 3,238 |   |

----

|                                         |   | Trademarks |   |   | Non-competeagreements |   |   |  Goodwill |   |   |  Computer software |   |   | Total  |   |
|----------------------------------------------|--------|------------|--------|--------|-----------------------|--------|--------|----------------|--------|--------|-------------------------|--------|--------|--------|--------|
|                                         |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |
| Year endedDecember 31, 2016                  |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |
| Cost                                         |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |
| Opening balance                              |   | $          | 32,206 |   |                  | $      | 139    |           |   | $      | 13,223                  |   |   | $      | 1,019  |   |   | $ | 46,587 |   |
| Exchange differences                         |   |       | (2,049 | )      |                  |   | -      |           |   |   | (866                    | )      |   |   | -      |   |   |   | (2,915 | ) |
| Additions                                    |   |       | -      |   |                  |   | 359    |           |   |   | -                       |   |   |   | -      |   |   |   | 359 |   |
| Write-off                                    |   |       | -      |   |                  |   | (498   | )              |   |   | -                       |   |   |   | -      |   |   |   | (498 | ) |
| Total cost                                   |   | $          | 30,157 |   |                  | $      | -      |           |   | $      | 12,357                  |   |   | $      | 1,019  |   |   | $ | 43,533 |   |
|                                         |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |   |   |   |   |   |
| Year endedDecember 31, 2016                  |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |   |   |   |   |   |
| Accumulated amortization and impairment      |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |   |   |   |   |   |
| Opening balance                              |   | $          | 15,162 |   |                  | $      | 135    |           |   | $      | 4,843                   |   |   | $      | 138    |   |   | $ | 20,278 |   |
| Exchange differences                         |   |       | (1,309 | )      |                  |   | -      |           |   |   | (317                    | )      |   |   | -      |   |   |   | (1,626 | ) |
| Amortization for the year                    |   |       | 2,979  |   |                  |   | 363    |           |   |   | -                       |   |   |   | 339    |   |   |   | 3,681 |   |
| Impairment charge                            |   |       | 4,791  |   |                  |   | -      |           |   |   | -                       |   |   |   | -      |   |   |   | 4,791 |   |
| Write-off                                    |   |       | -      |   |                  |   | (498   | )              |   |   | -                       |   |   |   | -      |   |   |   | (498 | ) |
| Total accumulated amortization               |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |   |   |   |   |   |
| and impairment                               |   | $          | 21,623 |   |                  | $      | -      |           |   | $      | 4,526                   |   |   | $      | 477    |   |   | $ | 26,626 |   |
|                                         |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |   |   |   |   |   |
| Net book amount                              |   | $          | 8,534  |   |                  | $      | -      |           |   | $      | 7,831                   |   |   | $      | 542    |   |   | $ | 16,907 |   |
|                                         |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |   |   |   |   |   |
| Year endedDecember 31, 2015                  |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |   |   |   |   |   |
| Cost                                         |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |   |   |   |   |   |
| Opening balance                              |   | $          | 40,626 |   |                  | $      | 1,758  |           |   | $      | 18,472                  |   |   | $      | 488    |   |   | $ | 61,344 |   |
| Exchange differences                         |   |       | (1,554 | )      |                  |   | -      |           |   |   | (742                    | )      |   |   | (53    | ) |   |   | (2,349 | ) |
| Additions                                    |   |       | -      |   |                  |   | 169    |           |   |   | -                       |   |   |   | 584    |   |   |   | 753 |   |
| Write-off                                    |   |       | -      |   |                  |   | (1,788 | )              |   |   | -                       |   |   |   | -      |   |   |   | (1,788 | ) |
| Disposal of subsidiary                       |   |       | (6,866 | )      |                  |   | -      |           |   |   | (4,507                  | )      |   |   | -      |   |   |   | (11,373 | ) |
| Total cost                                   |   | $          | 32,206 |   |                  | $      | 139    |           |   | $      | 13,223                  |   |   | $      | 1,019  |   |   | $ | 46,587 |   |
|                                         |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |   |   |   |   |   |
| Year endedDecember 31, 2015                  |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |   |   |   |   |   |
| Accumulated amortization and impairment      |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |   |   |   |   |   |
| Opening balance                              |   | $          | 15,060 |   |                  | $      | 1,542  |           |   | $      | 6,991                   |   |   | $      | 19     |   |   | $ | 23,612 |   |
| Exchange differences                         |   |       | (879   | )      |                  |   | -      |           |   |   | (138                    | )      |   |   | (5     | ) |   |   | (1,022 | ) |
| Amortization for the year                    |   |       | 4,121  |   |                  |   | 381    |           |   |   | -                       |   |   |   | 124    |   |   |   | 4,626 |   |
| Write-off                                    |   |       | -      |   |                  |   | (1,788 | )              |   |   | -                       |   |   |   | -      |   |   |   | (1,788 | ) |
| Disposal of subsidiary                       |   |       | (3,140 | )      |                  |   | -      |           |   |   | (2,010                  | )      |   |   | -      |   |   |   | (5,150 | ) |
| Total accumulated amortizationand impairment |   | $          | 15,162 |   |                  | $      | 135    |           |   | $      | 4,843                   |   |   | $      | 138    |   |   | $ | 20,278 |   |
|                                         |   |       |   |   |                  |   |   |           |   |   |                    |   |   |   |   |   |   |   |   |   |
| Net book amount                              |   | $          | 17,044 |   |                  | $      | 4      |           |   | $      | 8,380                   |   |   | $      | 881    |   |   | $ | 26,309 |   |

----

|                          |   | December 31,2016 |   |   | December 31,2015 |   |
|-------------------------------|--------|------------------|--------|--------|------------------|--------|
|                          |   |             |   |   |             |   |
| Exhibitions, Topranch Limited |   | $                | 7,831  |   |             | $      | 8,380 |   |
| Net book amount               |   | $                | 7,831  |   |             | $      | 8,380 |   |
|                          |   | December 31,2016 |   |   | December 31,2015 |   |
|-------------------------------|--------|------------------|--------|--------|------------------|--------|
|                          |   |             |   |   |             |   |
| Exhibitions, Topranch Limited |   | $                | 8,534  |   |             | $      | 10,438 |   |
| Exhibitions, Haoji Group      |   |             | -      |   |             |   | 6,606 |   |
|                          |   | $                | 8,534  |   |             | $      | 17,044 |   |

| · | Revenue growth of average 4% (2015: 4%) |
|--------|-----------------------------------------|

| · | Pre-tax discount rate of 20% (2015: 21%) applied to the pre-tax cash flow projections |
|--------|---------------------------------------------------------------------------------------|

| · | Growth rate beyond five years of 1.5% (2015: 1.5%) |
|--------|----------------------------------------------------|

----

| · | Revenue growth of average -3% (2015: 8%). |
|--------|-------------------------------------------|

| · | Pre-tax discount rate of 22% (2015: 21%) applied to the pre-tax cash flow projections |
|--------|---------------------------------------------------------------------------------------|

| · | Growth rate beyond five years of 1.5% (2015: 1.5%) |
|--------|----------------------------------------------------|

|                                                      |   | 2016   |    |   | 2015   |   |
|-----------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                      |   |   |    |   |   |   |
| At January 1                                              |   | $      | -       |   |   | $      | 3,952 |   |
| Purchases during the year                                 |   |   | 33,693  |   |   |   | 12,883 |   |
| Disposals                                                 |   |   | (22,329 | )      |   |   | (16,946 | ) |
| Exchange differences                                      |   |   | -       |   |   |   | (54 | ) |
| Fair value gains recognized in other comprehensive income |   |   | 127     |   |   |   | 165 |   |
| At December 31                                            |   | $      | 11,491  |   |   | $      | - |   |
|                                             |   | December 31,2016 |   |   | December 31,2015 |   |
|--------------------------------------------------|--------|------------------|--------|--------|------------------|--------|
| Listed securities:                               |   |             |   |   |             |   |
|   Quoted money market debt instruments |   | $                | 11,234 |   |             | $      | - |   |
| Unquoted equity instruments                      |   |             | 257    |   |             |   | - |   |
|                                             |   | $                | 11,491 |   |             | $      | - |   |

----

|                                                             |   | December 31,2016 |   |   | December 31,2015 |   |
|------------------------------------------------------------------|--------|------------------|--------|--------|------------------|--------|
|                                                             |   |             |   |   |             |   |
| Deferred tax assets:                                             |   |             |   |   |             |   |
| Deferred tax asset to be recovered after more than 12 months     |   | $                | 2,470  |   |             | $      | 11 |   |
| Deferred tax assets to be recovered within 12 months             |   |             | 199    |   |             |   | 378 |   |
|                                                             |   | $                | 2,669  |   |             | $      | 389 |   |
|                                                             |   |             |   |   |             |   |   |   |
| Deferred tax liabilities:                                        |   |             |   |   |             |   |   |   |
| Deferred tax liabilities to be settled after more than 12 months |   | $                | (1,829 | )      |             | $      | (3,413 | ) |
| Deferred tax liabilities to be settled within 12 months          |   |             | (624   | )      |             |   | (1,080 | ) |
|                                                             |   | $                | (2,453 | )      |             | $      | (4,493 | ) |
|                                      |   | December 31,2016 |   |   | December 31,2015 |   |
|-------------------------------------------|--------|------------------|--------|--------|------------------|--------|
|                                      |   |             |   |   |             |   |
| At January 1                              |   | $                | (4,104 | )      |             | $      | (6,646 | ) |
| Credited to consolidated income statement |   |             | 4,160  |   |             |   | 1,389 |   |
| Disposal of subsidiary                    |   |             | -      |   |             |   | 918 |   |
| Exchange differences                      |   |             | 160    |   |             |   | 235 |   |
| At December 31                            |   | $                | 216    |   |             | $      | (4,104 | ) |

----

|   Deferred tax assets                         |   | Provisionsandexpenses |   |   |   Tax losses |   |   |   Other |   |   | Total  |   |
|---------------------------------------------------------|--------|-----------------------|--------|--------|------------------------|--------|--------|-------------------|--------|--------|--------|--------|
|                                                    |   |                  |   |   |                   |   |   |              |   |   |   |   |
| At January 1, 2014                                      |   | $                     | 98     |   |                   | $      | -      |              |   | $      | -      |   |   | $ | 98 |   |
| (Charged)/credited to the consolidated income statement |   |                  | (90    | )      |                   |   | 428    |              |   |   | -      |   |   |   | 338 |   |
| At December 31, 2014                                    |   | $                     | 8      |   |                   | $      | 428    |              |   | $      | -      |   |   | $ | 436 |   |
|                                                    |   |                  |   |   |                   |   |   |              |   |   |   |   |   |   |   |   |
| Credited to the consolidated income statement           |   |                  | 3      |   |                   |   | 146    |              |   |   | -      |   |   |   | 149 |   |
| At December 31, 2015                                    |   | $                     | 11     |   |                   | $      | 574    |              |   | $      | -      |   |   | $ | 585 |   |
|                                                    |   |                  |   |   |                   |   |   |              |   |   |   |   |   |   |   |   |
| Credited to the consolidated income statement           |   |                  | 312    |   |                   |   | 1,796  |              |   |   | -      |   |   |   | 2,108 |   |
| Exchange differences                                    |   |                  | -      |   |                   |   | (24    | )                 |   |   | -      |   |   |   | (24 | ) |
| At December 31, 2016                                    |   | $                     | 323    |   |                   | $      | 2,346  |              |   | $      | -      |   |   | $ | 2,669 |   |
|     Deferred tax liabilities        |   | Acceleratedtaxdepreciation |   |   |   Withholding tax onunremittedprofits |   |   | Fair valueadjustmentsonacquisitionof business |   |   | Total  |   |
|---------------------------------------------------------|--------|----------------------------|--------|--------|-------------------------------------------------|--------|--------|-----------------------------------------------|--------|--------|--------|--------|
|                                                    |   |                       |   |   |                                            |   |   |                                          |   |   |   |   |
| At January 1, 2014                                      |   | $                          | 60     |   |                                            | $      | -      |                                          |   | $      | 4,531  |   |   | $ | 4,591 |   |
| Acquisition of business                                 |   |                       | -      |   |                                            |   | -      |                                          |   |   | 4,115  |   |   |   | 4,115 |   |
| Charged/(credited) to the consolidatedincome statement  |   |                       | 203    |   |                                            |   | 445    |                                          |   |   | (2,272 | )      |   |   | (1,624 | ) |
| At December 31, 2014                                    |   | $                          | 263    |   |                                            | $      | 445    |                                          |   | $      | 6,374  |   |   | $ | 7,082 |   |
|                                                    |   |                       |   |   |                                            |   |   |                                          |   |   |   |   |   |   |   |   |
| Disposal of subsidiary                                  |   |                       | -      |   |                                            |   | -      |                                          |   |   | (918   | )      |   |   | (918 | ) |
| Credited to the consolidated income statement           |   |                       | (54    | )      |                                            |   | (225   | )                                             |   |   | (961   | )      |   |   | (1,240 | ) |
| Exchange differences                                    |   |                       | -      |   |                                            |   | -      |                                          |   |   | (235   | )      |   |   | (235 | ) |
| At December 31, 2015                                    |   | $                          | 209    |   |                                            | $      | 220    |                                          |   | $      | 4,260  |   |   | $ | 4,689 |   |
|                                                    |   |                       |   |   |                                            |   |   |                                          |   |   |   |   |   |   |   |   |
| (Credited)/charged to the consolidated income statement |   |                       | (200   | )      |                                            |   | 90     |                                          |   |   | (1,942 | )      |   |   | (2,052 | ) |
| Exchange differences                                    |   |                       | -      |   |                                            |   | -      |                                          |   |   | (184   | )      |   |   | (184 | ) |
| At December 31, 2016                                    |   | $                          | 9      |   |                                            | $      | 310    |                                          |   | $      | 2,134  |   |   | $ | 2,453 |   |

----

|                                |   | December 31,2016 |   |   | December 31,2015 |   |
|-------------------------------------|--------|------------------|--------|--------|------------------|--------|
|                                |   |             |   |   |             |   |
| Non-current portion:                |   |             |   |   |             |   |
| Club memberships                    |   | $                | 216    |   |             | $      | 216 |   |
| Deferred expenses - exhibition (ii) |   |             | 1,509  |   |             |   | 524 |   |
| Rental, utility and other deposits  |   |             | 393    |   |             |   | 211 |   |
|                                |   | $                | 2,118  |   |             | $      | 951 |   |
|                                |   |             |   |   |             |   |   |   |
| Current portion:                    |   |             |   |   |             |   |   |   |
| Unsecured employee loans (i)        |   | $                | 21     |   |             | $      | 17 |   |
| Prepaid expenses                    |   |             | 1,660  |   |             |   | 1,441 |   |
| Deferred expenses - exhibition (ii) |   |             | 11,876 |   |             |   | 14,010 |   |
| Other current assets                |   |             | 572    |   |             |   | 800 |   |
|                                |   | $                | 14,129 |   |             | $      | 16,268 |   |

|  | (i) | The loans for the lease of residence are unsecured, interest free and are repayable in equal monthly installments over the period of the lease, typically less than or equal to twelve months. |
|--|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (ii) | Deferred expenses relate to deferred commission expenses and direct event production costs for exhibition events to be held in future periods. |
|--|------|------------------------------------------------------------------------------------------------------------------------------------------------|

|                    |   | December 31,2016 |   |   | December 31,2015 |   |
|-------------------------|--------|------------------|--------|--------|------------------|--------|
|                    |   |             |   |   |             |   |
| Stock of paper, at cost |   | $                | 111    |   |             | $      | 176 |   |
|                    |   | $                | 111    |   |             | $      | 176 |   |

----

|                                                  |   | December 31,2016 |   |   | December 31,2015 |   |
|-------------------------------------------------------|--------|------------------|--------|--------|------------------|--------|
|                                                  |   |             |   |   |             |   |
| Accounts receivable                                   |   | $                | 947    |   |             | $      | 931 |   |
| Less: provision for impairment of accounts receivable |   |             | (109   | )      |             |   | (82 | ) |
| Accounts receivable - net                             |   |             | 838    |   |             |   | 849 |   |
| Receivables from sales representatives                |   |             | 4,962  |   |             |   | 8,802 |   |
|                                                  |   | $                | 5,800  |   |             | $      | 9,651 |   |
|                                   |   | December 31,2016 |   |   | December 31,2015 |   |
|----------------------------------------|--------|------------------|--------|--------|------------------|--------|
|                                   |   |             |   |   |             |   |
| Accounts receivable                    |   | $                | 838    |   |             | $      | 849 |   |
| Receivables from sales representatives |   |             | 4,962  |   |             |   | 8,802 |   |
|                                   |   | $                | 5,800  |   |             | $      | 9,651 |   |
|           |   | December 31,2016 |   |   | December 31,2015 |   |
|----------------|--------|------------------|--------|--------|------------------|--------|
|           |   |             |   |   |             |   |
| Up to 3 months |   | $                | 645    |   |             | $      | 729 |   |
| 3 to 6 months  |   |             | 149    |   |             |   | 93 |   |
| Over 6 months  |   |             | 44     |   |             |   | 27 |   |
|           |   | $                | 838    |   |             | $      | 849 |   |
|           |   | December 31,2016 |   |   | December 31,2015 |   |
|----------------|--------|------------------|--------|--------|------------------|--------|
|           |   |             |   |   |             |   |
| Up to 3 months |   | $                | 28     |   |             | $      | 35 |   |
| 3 to 6 months  |   |             | 36     |   |             |   | 21 |   |
| Over 6 months  |   |             | 45     |   |             |   | 26 |   |
|           |   | $                | 109    |   |             | $      | 82 |   |

----

|                                                     |   | December 31,2016 |   |   | December 31,2015 |   |   | December 31,2014 |   |
|----------------------------------------------------------|--------|------------------|--------|--------|------------------|--------|--------|------------------|--------|
|                                                     |   |             |   |   |             |   |   |             |   |
| At January 1                                             |   | $                | 82     |   |             | $      | 291    |             |   | $ | 476 |   |
| Provision/(write back) for receivable impairment         |   |             | 111    |   |             |   | (35    | )                |   |   | 166 |   |
| Receivables written off during the year as uncollectible |   |             | (84    | )      |             |   | (174   | )                |   |   | (351 | ) |
| At December 31                                           |   | $                | 109    |   |             | $      | 82     |             |   | $ | 291 |   |

| 19. | Cash, bank balances, term deposits with banks and financial assets, available-for-sale |
|-----|----------------------------------------------------------------------------------------|

|                                                           |   | December 31,2016 |    |   | December 31,2015 |   |
|----------------------------------------------------------------|--------|------------------|---------|--------|------------------|--------|
|                                                           |   |             |    |   |             |   |
| Cash at bank and on hand                                       |   | $                | 31,247  |   |             | $      | 27,441 |   |
| Term deposits with original maturities of three months or less |   |             | 57,502  |   |             |   | 42,915 |   |
| Cash and cash equivalents                                      |   | $                | 88,749  |   |             | $      | 70,356 |   |
|                                                           |   |             |    |   |             |   |   |   |
| Quoted money market debt instruments                           |   |             | 11,234  |   |             |   | - |   |
| Unquoted equity instruments                                    |   |             | 257     |   |             |   | - |   |
| Financial assets available-for-sale                            |   | $                | 11,491  |   |             | $      | - |   |
|                                                           |   |             |    |   |             |   |   |   |
| Term deposits with original maturities of over three months    |   |             | 9,919   |   |             |   | 9,097 |   |
| Total                                                          |   | $                | 110,159 |   |             | $      | 79,453 |   |

----

|                            |   | Number ofcommon shares |       |   | Amount         |   |
|---------------------------------|--------|------------------------|------------|--------|----------------|--------|
|                            |   | Issuedsharecapital     |       |   | Treasuryshares |   |   | Issuedsharecapital |   |   | Treasuryshares |   |   | Sharepremium |   |
|                            |   |                   |       |   |           |   |   |   |   |   |   |   |   |   |   |
| At January 1, 2014              |   |                   | 52,481,771 |   |           |   | (17,996,000 | ) |   | $ | 525 |   |   | $ | (150,089 | ) |   | $ | 39,985 |   |
| Issuance of common shares       |   |                   |       |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| under Equity Compensation Plans |   |                   | 420,456    |   |           |   | - |   |   |   | 4 |   |   |   | - |   |   |   | - |   |
| Common shares                   |   |                   | -          |   |           |   | (5,000,000 | ) |   |   | - |   |   |   | (50,000 | ) |   |   | - |   |
| At December 31, 2014            |   |                   | 52,902,227 |   |           |   | (22,996,000 | ) |   | $ | 529 |   |   | $ | (200,089 | ) |   | $ | 39,985 |   |
|                            |   |                   |       |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of common shares       |   |                   |       |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| under Equity Compensation Plans |   |                   | 375,126    |   |           |   | - |   |   |   | 4 |   |   |   | - |   |   |   | - |   |
| Common shares                   |   |                   | -          |   |           |   | (6,666,666 | ) |   |   | - |   |   |   | (50,000 | ) |   |   | - |   |
| At December 31, 2015            |   |                   | 53,277,353 |   |           |   | (29,662,666 | ) |   | $ | 533 |   |   | $ | (250,089 | ) |   | $ | 39,985 |   |
|                            |   |                   |       |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Issuance of common shares       |   |                   |       |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| under Equity Compensation Plans |   |                   | 322,549    |   |           |   | - |   |   |   | 3 |   |   |   | - |   |   |   | - |   |
| At December 31, 2016            |   |                   | 53,599,902 |   |           |   | (29,662,666 | ) |   | $ | 536 |   |   | $ | (250,089 | ) |   | $ | 39,985 |   |

----

| (a) | Share grants to employees and team members |
|-----|--------------------------------------------|

----

----

----

|                            |   | ECP V Grant Plan |   |   | The Global SourcesShare Grant Award Plan |   |   | The Global SourcesRetention Share GrantPlan and the GlobalSources RetentionShare Grant Plan II |   |   | The Global SourcesDirectors Share GrantAward Plan |   |
|---------------------------------|--------|------------------|--------|--------|------------------------------------------|--------|--------|------------------------------------------------------------------------------------------------|--------|--------|---------------------------------------------------|--------|
|                            |   | Numberof shares  |   |   | Weightedaveragegrant datefair value      |   |   | Numberof shares                                                                                |   |   | Weightedaveragegrant datefair value               |   |   | Numberof shares |   |   | Weightedaveragegrant datefair value |   |   | Numberof shares |   |   | Weightedaveragegrant datefair value |   |
|                            |   |             |   |   |                                     |   |   |                                                                                           |   |   |                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-vested at January 1, 2016   |   |             | 8,800  |   |                                     | $      | 4.30   |                                                                                           |   |   | 1,280,460                                         |   |   | $ | 7.30 |   |   |   | 233,368 |   |   | $ | 7.11 |   |   |   | 82,500 |   |   | $ | 6.39 |   |
| Granted                         |   |             | -      |   |                                     | $      | -      |                                                                                           |   |   | 330,580                                           |   |   | $ | 7.83 |   |   |   | 165,636 |   |   | $ | 9.08 |   |   |   | 38,000 |   |   | $ | 8.05 |   |
| Vested                          |   |             | -      |   |                                     | $      | -      |                                                                                           |   |   | (249,732                                          | )      |   | $ | 7.90 |   |   |   | (53,317 | ) |   | $ | 6.93 |   |   |   | (19,500 | ) |   | $ | 5.08 |   |
| Forfeited                       |   |             | -      |   |                                     | $      | -      |                                                                                           |   |   | (165,636                                          | )      |   | $ | 7.51 |   |   |   | - |   |   |   | 4 - |   |   |   | - |   |   | $ | - |   |
| Non-vested at December 31, 2016 |   |             | 8,800  |   |                                     | $      | 4.30   |                                                                                           |   |   | 1,195,672                                         |   |   | $ | 7.29 |   |   |   | 345,687 |   |   | $ | 8.08 |   |   |   | 101,000 |   |   | $ | 7.26 |   |
|                            |   |             |   |   |                                     |   |   |                                                                                           |   |   |                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-vested at January 1, 2015   |   |             | 13,000 |   |                                     | $      | 4.97   |                                                                                           |   |   | 1,385,875                                         |   |   | $ | 7.52 |   |   |   | 147,767 |   |   | $ | 7.17 |   |   |   | 84,000 |   |   | $ | 7.57 |   |
| Granted                         |   |             | -      |   |                                     | $      | -      |                                                                                           |   |   | 337,267                                           |   |   | $ | 5.56 |   |   |   | 151,706 |   |   | $ | 7.21 |   |   |   | 21,000 |   |   | $ | 5.44 |   |
| Vested                          |   |             | (4,200 | )      |                                     | $      | 6.38   |                                                                                           |   |   | (290,976                                          | )      |   | $ | 6.38 |   |   |   | (61,622 | ) |   | $ | 7.42 |   |   |   | (22,500 | ) |   | $ | 9.91 |   |
| Forfeited                       |   |             | -      |   |                                     | $      | -      |                                                                                           |   |   | (151,706                                          | )      |   | $ | 7.25 |   |   |   | (4,483 | ) |   | $ | 8.16 |   |   |   | - |   |   | $ | - |   |
| Non-vested at December 31, 2015 |   |             | 8,800  |   |                                     | $      | 4.30   |                                                                                           |   |   | 1,280,460                                         |   |   | $ | 7.30 |   |   |   | 233,368 |   |   | $ | 7.11 |   |   |   | 82,500 |   |   | $ | 6.39 |   |

----

| Year endedDecember 31, |   | ECP VGrantPlan |   |   | The GlobalSourcesShare GrantAward Plan |   |   | The GlobalSourcesRetentionShare GrantPlan and theGlobalSourcesRetentionShare GrantPlan II |   |   | The GlobalSourcesDirectorsShare GrantAward Plan |   |   | Total  |   |
|------------------------|--------|----------------|--------|--------|----------------------------------------|--------|--------|-------------------------------------------------------------------------------------------|--------|--------|-------------------------------------------------|--------|--------|--------|--------|
|                   |   |           |   |   |                                   |   |   |                                                                                      |   |   |                                            |   |   |   |   |
| 2016                   |   | $              | -      |   |                                   | $      | 1,948  |                                                                                      |   | $      | 431                                             |   |   | $      | 152    |   |   | $ | 2,531 |   |
| 2015                   |   | $              | 30     |   |                                   | $      | 1,851  |                                                                                      |   | $      | 431                                             |   |   | $      | 144    |   |   | $ | 2,456 |   |

----

|                                                                                                                   |   | Accumulated othercomprehensive income |   |   |                       |   |   |           |   |
|------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------|--------|----------------------------|--------|--------|----------------|--------|
|                                                                                                                   |   | Fair valuereserve                     |   |   | Currencytranslationreserve |   |   | Capitalreserve |   |   | Total |   |
|                                                                                                                   |   |                                  |   |   |                       |   |   |           |   |   |   |   |
| At January 1, 2016                                                                                                     |   | $                                     | -      |   |                       | $      | 1,187  |           |   | $ | 156,375 |   |   | $ | 157,562 |   |
| Fair value gains                                                                                                       |   |                                  | 127    |   |                       |   | -      |           |   |   | - |   |   |   | 127 |   |
| Reclassification to income statement on disposal of available-for-sale financial asset                                 |   |                                  | (93    | )      |                       |   | -      |           |   |   | - |   |   |   | (93 | ) |
| Currency translation differences                                                                                       |   |                                  | -      |   |                       |   | (6,867 | )              |   |   | - |   |   |   | (6,867 | ) |
| Less: Share of non-controlling interests                                                                               |   |                                  | -      |   |                       |   | 303    |           |   |   | - |   |   |   | 303 |   |
| Non-cash compensation                                                                                                  |   |                                  | -      |   |                       |   | -      |           |   |   | 1,905 |   |   |   | 1,905 |   |
| Capitalization of intangible assets relating to share grants for non-compete agreements, net (note 13)                 |   |                                  | -      |   |                       |   | -      |           |   |   | 359 |   |   |   | 359 |   |
| Reclassification arising from change in functional currency of subsidiary                                              |   |                                  | -      |   |                       |   | (112   | )              |   |   | - |   |   |   | (112 | ) |
| Issuance of shares                                                                                                     |   |                                  | -      |   |                       |   | -      |           |   |   | (3 | ) |   |   | (3 | ) |
| At December 31, 2016                                                                                                   |   | $                                     | 34     |   |                       | $      | (5,489 | )              |   | $ | 158,636 |   |   | $ | 153,181 |   |
|                                                                                                                   |   |                                  |   |   |                       |   |   |           |   |   |   |   |   |   |   |   |
| At January 1, 2015                                                                                                     |   | $                                     | 84     |   |                       | $      | 7,097  |           |   | $ | 154,061 |   |   | $ | 161,242 |   |
| Fair value gains                                                                                                       |   |                                  | 146    |   |                       |   | -      |           |   |   | - |   |   |   | 146 |   |
| Fair value gains – discontinued operations                                                                       |   |                                  | 19     |   |                       |   | -      |           |   |   | - |   |   |   | 19 |   |
| Reclassification to income statement on disposal of available-for-sale financial asset                                 |   |                                  | (188   | )      |                       |   | -      |           |   |   | - |   |   |   | (188 | ) |
| Reclassification to income statement on disposal of available-for-sale financial asset – discontinued operations |   |                                  | (157   | )      |                       |   | -      |           |   |   | - |   |   |   | (157 | ) |
| Currency translation differences                                                                                       |   |                                  | -      |   |                       |   | (6,150 | )              |   |   | - |   |   |   | (6,150 | ) |
| Currency translation differences – discontinued operations                                                       |   |                                  | -      |   |                       |   | (209   | )              |   |   | - |   |   |   | (209 | ) |
| Less: Share of non-controlling interests                                                                               |   |                                  | 18     |   |                       |   | 306    |           |   |   | - |   |   |   | 324 |   |
| Less: Share of non-controlling interests – discontinued operations                                               |   |                                  | 78     |   |                       |   | 143    |           |   |   | - |   |   |   | 221 |   |
| Non-cash compensation                                                                                                  |   |                                  | -      |   |                       |   | -      |           |   |   | 2,149 |   |   |   | 2,149 |   |
| Capitalization of intangible assets relating to share grants for non-compete agreements, net (note 13)                 |   |                                  | -      |   |                       |   | -      |           |   |   | 169 |   |   |   | 169 |   |
| Issuance of shares                                                                                                     |   |                                  | -      |   |                       |   | -      |           |   |   | (4 | ) |   |   | (4 | ) |
| At December 31, 2015                                                                                                   |   | $                                     | -      |   |                       | $      | 1,187  |           |   | $ | 156,375 |   |   | $ | 157,562 |   |

----

|                                 |   | December 31,2016 |   |   | December 31,2015 |   |
|--------------------------------------|--------|------------------|--------|--------|------------------|--------|
|                                 |   |             |   |   |             |   |
| Non-current portion:                 |   |             |   |   |             |   |
| Exhibitions                          |   | $                | 3,255  |   |             | $      | 2,425 |   |
| Advertising                          |   |             | 785    |   |             |   | 492 |   |
|                                 |   | $                | 4,040  |   |             | $      | 2,917 |   |
|                                 |   |             |   |   |             |   |   |   |
| Current portion:                     |   |             |   |   |             |   |   |   |
| Exhibitions                          |   | $                | 45,861 |   |             | $      | 42,158 |   |
| Advertising, subscription and others |   |             | 31,589 |   |             |   | 33,107 |   |
|                                 |   | $                | 77,450 |   |             | $      | 75,265 |   |
|                                        |   | December 31,2016 |   |   | December 31,2015 |   |
|---------------------------------------------|--------|------------------|--------|--------|------------------|--------|
|                                        |   |             |   |   |             |   |
| Salaries, wages and commissions             |   | $                | 3,575  |   |             | $      | 1,310 |   |
| Retirement contribution accruals            |   |             | 708    |   |             |   | 769 |   |
| Liabilities for incentive plan              |   |             | 1,767  |   |             |   | 1,870 |   |
| Printing, paper and bulk mailing costs      |   |             | 7      |   |             |   | 100 |   |
| Sales commissions and fees to third parties |   |             | 1,096  |   |             |   | 1,698 |   |
| Business taxes                              |   |             | 3,078  |   |             |   | 3,636 |   |
| Barter payables                             |   |             | 1,104  |   |             |   | 2,245 |   |
| Others                                      |   |             | 3,582  |   |             |   | 3,555 |   |
|                                        |   | $                | 14,917 |   |             | $      | 15,183 |   |
|                               |   | 2016   |   |   | 2015   |   |
|------------------------------------|--------|--------|--------|--------|--------|--------|
|                               |   |   |   |   |   |   |
| Purchase of property and equipment |   | $      | 286    |   |   | $      | 46 |   |
| Total                              |   | $      | 286    |   |   | $      | 46 |   |

----

|                                        |   | 2016   |   |   | 2015   |   |
|---------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                        |   |   |   |   |   |   |
| No later than 1 year                        |   | $      | 620    |   |   | $      | 440 |   |
| Later than 1 year and no later than 5 years |   |   | 730    |   |   |   | 301 |   |
| Total                                       |   | $      | 1,350  |   |   | $      | 741 |   |

|  | (c) | Operating lease commitments - group company as lessor |
|--|-----|-------------------------------------------------------|

|                                        |   | 2016   |   |   | 2015   |   |
|---------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                        |   |   |   |   |   |   |
| No later than 1 year                        |   | $      | 3,506  |   |   | $      | 5,406 |   |
| Later than 1 year and no later than 5 years |   |   | 3,071  |   |   |   | 5,724 |   |
| Total                                       |   | $      | 6,577  |   |   | $      | 11,130 |   |
|                                                       |   | 2016   |   |   | 2015   |   |   | 2014   |   |
|------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                       |   |   |   |   |   |   |   |   |   |
| Wages, salaries, bonus, fees and other short-term benefits |   | $      | 2,962  |   |   | $      | 2,471  |   |   | $ | 2,362 |   |
| Non-cash compensation expenses                             |   |   | 921    |   |   |   | 851    |   |   |   | 1,267 |   |
| Total                                                      |   | $      | 3,883  |   |   | $      | 3,322  |   |   | $ | 3,629 |   |

----

|                                                                                                     |   | 2016   |   |   | 2015   |   |   | 2014   |   |
|----------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                     |   |   |   |   |   |   |   |   |   |
| Revenue                                                                                                  |   | $      | -      |   |   | $      | 4,776  |   |   | $ | 18,930 |   |
| Operating Expenses                                                                                       |   |   | -      |   |   |   | 5,443  |   |   |   | 16,217 |   |
| Profit/(loss) from operations                                                                            |   |   | -      |   |   |   | (667   | )      |   |   | 2,713 |   |
| Interest income                                                                                          |   |   | -      |   |   |   | 36     |   |   |   | 91 |   |
| Gain on sale of available-for-sale securities                                                            |   |   | -      |   |   |   | 157    |   |   |   | - |   |
| Profit/(loss) before income taxes                                                                        |   |   | -      |   |   |   | (474   | )      |   |   | 2,804 |   |
| Income tax credit/(expense                                                                               |   |   | -      |   |   |   | 82     |   |   |   | (822 | ) |
| Profit/(loss) after income taxes ofdiscontinued operations                                               |   |   | -      |   |   |   | (392   | )      |   |   | 1,982 |   |
| Profit on sale of subsidiary after income taxes                                                          |   |   | -      |   |   |   | 6,021  |   |   |   | - |   |
| Profit from discontinued operations                                                                      |   |   | -      |   |   |   | 5,629  |   |   |   | 1,982 |   |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Currency translation differences arising from consolidation                                              |   |   | -      |   |   |   | *      |   |   |   | (78 | ) |
| Reclassification to income statement ofcurrency translation differences on disposal of subsidiary        |   |   | -      |   |   |   | (209   | )      |   |   | - |   |
| Fair value gains on available-for-salesecurities                                                         |   |   | -      |   |   |   | 19     |   |   |   | 64 |   |
| Reclassification to income statement on disposal of available- for- sale financial asset                 |   |   | -      |   |   |   | (157   | )      |   |   | - |   |
| Other comprehensive (loss)/income fromdiscontinued operations                                            |   |   | -      |   |   |   | (347   | )      |   |   | (14 | ) |
|                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash inflow from operating activities                                                                |   |   | -      |   |   |   | 1,892  |   |   |   | 2,806 |   |
| Net cash inflow from investing activities (2015 includes net cash outflow of $9 onthe sale of subsidiary |   |   | -      |   |   |   | 1,406  |   |   |   | 68 |   |
| Net cash outflow from financing activities                                                               |   |   | -      |   |   |   | (538   | )      |   |   | (1,988 | ) |
| Net increase in cash generated by thesubsidiary                                                          |   | $      | -      |   |   | $      | 2,760  |   |   | $ | 886 |   |

----

|                                         |   | 2016   |   |   | 2015   |   |    | 2014   |   |
|----------------------------------------------|--------|--------|--------|--------|--------|--------|---------|--------|--------|
|                                         |   |   |   |   |   |   |    |   |   |
| Cash consideration received                  |   | $      | -      |   |   | $      | 11,672  |   |   | $ | - |   |
| Cash consideration receivable                |   |   | -      |   |   |   | 361     |   |   |   | - |   |
| Total disposal consideration                 |   |   | -      |   |   |   | 12,033  |   |   |   | - |   |
|  Cash consideration received            |   |   | -      |   |   |   | 11,672  |   |   |   | - |   |
| Cash and cash equivalents in subsidiary sold |   |   | -      |   |   |   | (11,681 | )      |   |   | - |   |
| Net cash flow on sale of subsidiary          |   | $      | -      |   |   | $      | (9      | )      |   | $ | - |   |

| · | IFRS 15, ‘Revenue from contracts with customers’ deals with revenue recognition and establishes principles for reporting useful information to users of financial statements about the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. Revenue is recognized when a customer obtains control of a goods or service and thus has the ability to direct the use and obtain the benefits from the goods or service. The standard replaces IAS 18 ‘Revenue’ and IAS 11 ‘Construction contracts’ and related interpretations. The standard is effective for annual periods beginning on or after 1 January 2018 and earlier application is permitted. The adoption of IFRS 15 could impact allocation of revenue from customer contracts among various revenue streams arising from multiple element arrangements. The Group is currently assessing the impact of the adoption of IFRS 15 on its financial statements and the related disclosures and plans to apply the modified retrospective treatment upon adoption of the standard on January 1, 2018. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | IFRS 9, ‘Financial instruments’, addresses the classification, measurement and recognition of financial assets and financial liabilities. The complete version of IFRS 9 was issued in July 2014. It replaces the guidance in IAS 39 that relates to the classification and measurement of financial instruments. IFRS 9 retains but simplifies the mixed measurement model and establishes three primary measurement categories for financial assets: amortized cost, fair value through OCI and fair value through P&L. The basis of classification depends on the entity’s business model and the contractual cash flow characteristics of the financial asset. Investments in equity instruments are required to be measured at fair value through profit or loss with the irrevocable option at inception to present changes in fair value in OCI not recycling. There is now a new expected credit losses model that replaces the incurred loss impairment model used in IAS 39. For financial liabilities there were no changes to classification and measurement except for the recognition of changes in own credit risk in other comprehensive income, for liabilities designated at fair value through profit or loss. IFRS 9 relaxes the requirements for hedge effectiveness by replacing the bright line hedge effectiveness tests. It requires an economic relationship between the hedged item and hedging instrument and for the ‘hedged ratio’ to be the same as the one management actually use for risk management purposes. Contemporaneous documentation is still required but is different to that currently prepared under IAS 39. The standard is effective for accounting periods beginning on or after 1 January 2018. Early adoption is permitted. The Group is currently assessing the impact of the adoption of IFRS 9 on its financial statements. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| · | IFRS 16, ‘Leases’ replaces IAS 17 ‘Leases’, and fundamentally changes the accounting for lease transactions. Additional disclosures will also be required. For lessees of operating leases, lease assets and lease liabilities are required to be recognized in the balance sheet. Depreciation of lease assets and interest on lease liabilities are required to be recognized in the income statement over the lease term. For lessees of finance leases, only amounts expected to be payable under residual value guarantees should be recognized. For lessors, the accounting is substantially the same. The standard is effective for annual periods beginning on or after 1 January 2019. The Group is currently assessing the impact of the adoption of IFRS 16 on its financial statements. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Period              |   | High |   |   | Low    |   |
|---------------------|--------|------|--------|--------|--------|--------|
| Year 2012           |   | $    | 7.37   |   |   | $      | 4.90 |   |
| Year 2013           |   | $    | 8.48   |   |   | $      | 5.55 |   |
| Year 2014           |   | $    | 9.18   |   |   | $      | 6.08 |   |
| Year 2015           |   | $    | 9.75   |   |   | $      | 5.07 |   |
| Year 2016           |   | $    | 9.48   |   |   | $      | 6.03 |   |
| First Quarter 2015  |   | $    | 6.47   |   |   | $      | 5.07 |   |
| Second Quarter 2015 |   | $    | 7.37   |   |   | $      | 5.18 |   |
| Third Quarter 2015  |   | $    | 8.91   |   |   | $      | 6.20 |   |
| Fourth Quarter 2015 |   | $    | 9.75   |   |   | $      | 6.42 |   |
| First Quarter 2016  |   | $    | 8.33   |   |   | $      | 6.03 |   |
| Second Quarter 2016 |   | $    | 9.48   |   |   | $      | 7.95 |   |
| Third Quarter 2016  |   | $    | 9.29   |   |   | $      | 7.79 |   |
| Fourth Quarter 2016 |   | $    | 9.30   |   |   | $      | 7.84 |   |
| First Quarter 2017  |   | $    | 9.29   |   |   | $      | 7.85 |   |
| October 2016        |   | $    | 9.06   |   |   | $      | 7.85 |   |
| November 2016       |   | $    | 9.30   |   |   | $      | 7.84 |   |
| December 2016       |   | $    | 9.28   |   |   | $      | 8.20 |   |
| January 2017        |   | $    | 9.25   |   |   | $      | 8.20 |   |
| February 2017       |   | $    | 9.29   |   |   | $      | 8.75 |   |
| March 2017          |   | $    | 9.00   |   |   | $      | 7.85 |   |

|  | ITEM 10. | ADDITIONAL INFORMATION |
|--|----------|------------------------|

----

| · | Holders of common shares have no preemptive, redemption, conversion or sinking fund rights. |
|--------|---------------------------------------------------------------------------------------------|

| · | Holders of common shares are entitled to one vote per share on all matters submitted to a vote of holders of common shares and do not have any cumulative voting rights. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | In the event of our liquidation, dissolution or winding-up, the holders of common shares are entitled to share ratably in our assets, if any, remaining after the payment of all our debts and liabilities. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Our issued and outstanding common shares are fully paid and non-assessable.  Non-assessable means, in relation to fully-paid shares of a company and subject to any contrary provision in any agreement in writing between such company and the holder of shares, that no shareholder shall be obliged to contribute further amounts to the capital of the company, either in order to complete payment for its shares, to satisfy claims of creditors of the company, or otherwise; and no shareholder shall be bound by an alteration of the memorandum of association or bye-laws of the company after the date on which he became a shareholder, if and so far as the alteration requires him to take, or subscribe for additional shares, or in any way increases his liability to contribute to the share capital of, or otherwise to pay money to, the company. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Additional authorized but unissued common shares may be issued by our Board of Directors without the approval of the shareholders. |
|--------|------------------------------------------------------------------------------------------------------------------------------------|

| · | The holders of common shares (other than the Company as holder of treasury shares) will receive dividends, if any, as may be declared by our Board of Directors out of funds legally available for purposes. We may not declare or pay a dividend, or make a distribution out of contributed surplus, if there are reasonable grounds for believing that: |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | we are, or after the payment would be, unable to pay our liabilities as they become due; or |
|--------|---------------------------------------------------------------------------------------------|

| · | the realizable value of our assets after such payment or distribution would be less than our liabilities. (However, in order to avoid the possibility of an unauthorised reduction of capital, a company should act as if the old limitation of section 54(1)(b) of the Companies Act applied, i.e., a company should not declare or pay a dividend, or make a distribution out of contributed surplus, if there are reasonable grounds for believing that the company is, or would after the payment be, unable to pay its liabilities as they become due, or the realizable value of its assets would thereby be less than the aggregate of its liabilities and its issued share capital and share premium accounts.) |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| · | the chairman of the meeting; |
|--------|------------------------------|

| · | at least three shareholders present in person or represented by proxy; |
|--------|------------------------------------------------------------------------|

| · | any shareholder or shareholders present in person or represented by proxy and holding between them not less than one-tenth of the total voting rights of all shareholders having the right to vote at such meeting; or |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | a shareholder or shareholders present in person or represented by proxy holding shares conferring the right to vote at such meeting, being common shares on which an aggregate sum has been paid up equal to not less than one-tenth of the total sum paid up on all such common shares conferring such right. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| · | with the consent in writing of the holders of not less than seventy-five percent of the issued shares of that class; or  |
|--------|-------------------------------------------------------------------------------------------------------------------------------|

| · | with the sanction of a resolution passed at a separate general meeting of the holders of such shares, voting in person or by proxy, at which a quorum is present. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | is duly stamped, if required by law, and lodged with us;  |
|--------|----------------------------------------------------------------|

| · | is accompanied by the relevant share certificate and such other evidence of the transferor’s right to make the transfer as our Board of Directors shall reasonably require;  |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | has obtained, where applicable, permission of the Bermuda Monetary Authority; and  |
|--------|-----------------------------------------------------------------------------------------|

| · | is in respect of only one class of shares. |
|--------|--------------------------------------------|

----

----

----

| · | if he resigns his office by notice in writing to be delivered to our registered office or tendered at a meeting of our Board of Directors;  |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| · | if he becomes of unsound mind or a patient for any purpose of any statute or applicable law relating to mental health, and our Board of Directors resolves that his office is vacated;  |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | if he becomes bankrupt under the law of any country or compounds with his creditors;  |
|--------|--------------------------------------------------------------------------------------------|

| · | if he is prohibited by law from being a director;  |
|--------|---------------------------------------------------------|

| · | if he ceases to be a director by virtue of the Companies Act or our bye-laws, or is removed from office pursuant to our bye-laws;  |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------|

| · | if he (or his alternate director, if any) is absent from more than three consecutive Board of Directors’ meetings without the permission of our Board of Directors and our Board of Directors resolves that his office be vacated; or  |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | if he is requested to resign in writing by not less than three quarters of the other directors. |
|--------|-------------------------------------------------------------------------------------------------|

----

| · | in or towards paying up amounts unpaid on any of our shares held by the shareholders;  |
|--------|---------------------------------------------------------------------------------------------|

| · | in payment up in full of our unissued shares, debentures or other obligations, to be allotted and credited as fully paid amongst such shareholders; or  |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | partly in one way and partly in the other. |
|--------|--------------------------------------------|

----

----

| · | As an “exempted company”, we are exempt from Bermuda laws which restrict the percentage of share capital that may be held by non-Bermudians. However, as an exempted company subject to the Companies Act, we are generally not permitted to participate in most business transactions and activities of any kind or type conducted from within Bermuda, including those which involve land in Bermuda, except in furtherance of our business carried on outside Bermuda or under a license granted by the Minister of Finance of Bermuda. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|  | ITEM 11. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
|--|----------|------------------------------------------------------------|

----

|  | ITEM 12. | DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES |
|--|----------|--------------------------------------------------------|

|  | ITEM 14. | MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS |
|--|----------|------------------------------------------------------------------------------|

----

|  | ITEM 15. | CONTROLS AND PROCEDURES |
|--|----------|-------------------------|

| - | pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets; |
|---|------------------------------------------------------------------------------------------------------------------------------------------------|

| - | provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and members of our Board of Directors; and |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| - | provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our assets that could have a material effect on our financial statements. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  | ITEM 15T. | CONTROLS AND PROCEDURES |
|--|-----------|-------------------------|

|  | ITEM 16A. | AUDIT COMMITTEE FINANCIAL EXPERT |
|--|-----------|----------------------------------|

|  | ITEM 16B. | CODE OF ETHICS |
|--|-----------|----------------|

|  | ITEM 16C. | PRINCIPAL ACCOUNTANT FEES AND SERVICES |
|--|-----------|----------------------------------------|

|                                     |   | Year endedDecember 31, |    |
|------------------------------------------|--------|------------------------|---------|
|                                     |   | 2016                   |    |   | 2015 |   |
|                                     |   |                   |    |   |   |   |
| Audit fees                               |   | $                      | 846,841 |   |   | $ | 837,044 |   |
| Audit-related fees                       |   |                   | 10,364  |   |   |   | 10,583 |   |
|      Total      |   | $                      | 857,205 |   |   | $ | 847,627 |   |
| Tax fees                                 |   |                   | 26,128  |   |   |   | 48,822 |   |
| All other fees                           |   |                   | -       |   |   |   | - |   |
|      Total fees |   | $                      | 883,333 |   |   | $ | 896,449 |   |

----

|  | ITEM 16D. | EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES |
|--|-----------|------------------------------------------------------------|

|  | ITEM 16E. | PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS |
|--|-----------|------------------------------------------------------------------------|

|  | ITEM 16F. | CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT |
|--|-----------|----------------------------------------------------|

|  | ITEM 16G. | CORPORATE GOVERNANCE |
|--|-----------|----------------------|

|  | ITEM 16H. | MINE SAFETY DISCLOSURE |
|--|-----------|------------------------|

----

|  | ITEM 17. | FINANCIAL STATEMENTS |
|--|----------|----------------------|

|  | ITEM 18. | FINANCIAL STATEMENTS |
|--|----------|----------------------|

| Exhibit No.  | Description                                                                                                                                                                                          |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.1               | Memorandum of Association of the Company. (2)                                                                                                                                                        |
| 1.2               | Bye‐laws of the Company. (23)                                                                                                                                                                  |
| 1.3               | Amendments to the bye-laws of Global Sources Ltd., as approved at the May 6, 2002 Annual General Meeting of Shareholders. (11)                                                                       |
| 2.1               | Specimen Certificate. (2)                                                                                                                                                                            |
| 4.2               | Form of executive officer employment agreement. (1)                                                                                                                                                  |
| 4.3               | Employment Agreement dated November 1, 1999, by and between Trade Media Holdings Limited and Merle Hinrich. (1)                                                                                      |
| 4.4               | Amendment to Employment Agreement dated January 19, 2000, between Trade Media Holdings Limited and Merle Hinrich. (1)                                                                           |
| 4.5               | Employment Agreement dated as of January 29, 2000, by and between LER Corporation and Merle Hinrich. (1)                                                                                        |
| 4.6               | Form of Restricted Stock Award and Agreement, dated as of January 29, 2000, by and between LER Corporation and Merle Hinrich. (1)                                                               |
| 4.7               | Amendment No.1 to Restricted Stock Award and Agreement dated as of February 29, 2000, by and between LER Corporation and Merle Hinrich. (1)                                                          |
| 4.18              | Form of The Global Sources Employee Equity Compensation Plan No. IV. (3)                                                                                                                             |
| 4.19              | Form of The Global Sources Employee Equity Compensation Plan No. V. (3)                                                                                                                              |
| 4.20              | Form of The Global Sources Employee Equity Compensation Plan No. VI. (4)                                                                                                                             |
| 4.21              | Form of The Global Sources Employee Equity Compensation Plan No. VII. (7)                                                                                                                            |
| 4.22              | Global Sources’ Code of Ethics (updated effective as of January 1, 2014) (approved and adopted by the Board of Directors on December 16, 2013). (23)                                           |
| 4.23              | Form of The Global Sources Employee Equity Compensation Plan No. V (Amended). (7)                                                                                                                    |
| 4.24              | Placement Agency Agreement dated March 17, 2005, between the Company and W.R. Hambrecht & Co. LLC. (20)                                                                                          |
| 4.25              | Form of Purchase Agreement between the Company and certain purchasers of the common shares. (20)                                                                                                     |
| 4.26              | Shenzhen International Chamber of Commerce Tower Subscription Agreement dated July 5, 2004 (English translation). (13)                                                                               |
| 4.27              | Real Estate Sales Contract of Shenzhen (Presale) dated August 31, 2004 (English translation). (13)                                                                                                   |
| 4.28              | Supplemental Agreement to the Contract on Purchasing Shenzhen International Commercial Chamber Center Premises dated August 31, 2004 (English translation). (13)                                     |
| 4.29              | Summary Table of Property Units and Payment Amounts. (13)                                                                                                                                            |
| 4.30              | Supplementary Agreement Concerning Alteration of Payment Method dated December 3, 2004 (English translation). (13)                                                                                   |
| 4.31              | Sale and Purchase Agreement, dated May 24. 2006, by and between IDG Technology Venture Investment, Inc., Trade Media Holdings Limited and International Data Group, Inc. (6)                    |
| 4.32              | Call Option Deed Relating to Shares in HC International, Inc., dated May 24, 2006, between Trade Media Holdings Limited and other parties thereto. (6)                                          |
| 4.33              | Call Option Deed Relating to Equity Interest in Beijing Huicong International Information Co., Ltd., dated May 24, 2006, between Trade Media Holdings Limited and HC Construction Co., Ltd. (6) |
| 4.34              | The Global Sources Ltd. Directors Purchase Plan (as of 5 November 2005). (14)                                                                                                                        |

----

| Exhibit No.  | Description                                                                                                                                                                                                                                                                                                                                                                                                   |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.36              | The Global Sources Share Grant Award Plan. (15)                                                                                                                                                                                                                                                                                                                                                               |
| 4.37              | The Global Sources Retention Share Grant Plan. (15)                                                                                                                                                                                                                                                                                                                                                           |
| 4.38              | Sale and Purchase Agreement, dated December 10, 2007, by and between Global Sources Ltd., Trade Media Holdings Limited and IDG Technology Venture Investment III, L.P. (16)                                                                                                                                                                                                                                   |
| 4.39              | The Global Sources Directors Share Grant Award Plan. (17)                                                                                                                                                                                                                                                                                                                                                     |
| 4.40              | Directors Purchase Plan (updated effective as of January 1, 2009). (17)                                                                                                                                                                                                                                                                                                                                       |
| 4.41              | Real Estate Sales Contracts of Shanghai (For Office Building) and Supplementary Terms (English translation). (8)                                                                                                                                                                                                                                                                                              |
| 4.42              | Summary Table of Property Units and Payment Amounts. (8)                                                                                                                                                                                                                                                                                                                                                      |
| 4.45              | The Global Sources Retention Share Grant Plan II (amended effective as of May 1, 2012).  (18)                                                                                                                                                                                                                                                                                                            |
| 4.464.474.484.49  | The Global Sources Equity Compensation (2007) Master Plan (amended effective as of January 1, 2012) (as extended to December 31, 2017).  (19)Letter of intent for assignment of property of Shenzhen Excellence Times Square. (9)Agreement for sale and purchase of property in Vita Tower, Hong Kong. (9)Agreement for sale and purchase of a portion of property in Southmark building, Hong Kong. (9) |
| 4.50              | Second-Hand Real Estate Sales Contract of Shenzhen Municipality. (23)                                                                                                                                                                                                                                                                                                                                         |
| 4.51              | Summary Table of Property Units and Prices. (23)                                                                                                                                                                                                                                                                                                                                                              |
| 4.524.53          | Sale and purchase agreement relating to 1 Sims Lane #08-01 Singapore 387355. (23)The Global Sources Equity Compensation (2007) Master Plan (Amended and Restated effective as of January 1, 2014). (24)                                                                                                                                                                                                       |
| 4.54              | Letter of Intent for Assignment of Property of the 50th Floor of Shenzhen International Chamber of Commerce Tower. (25)                                                                                                                                                                                                                                                                                       |
| 4.55              | Tripartite Escrow Agreement (relating to the sale and purchase of the 50th Floor of Shenzhen International Chamber of Commerce Tower). (25)                                                                                                                                                                                                                                                                   |
| 4.56              | Letter of Agreement (for transferee arrangement relating to the sale and purchase of the 50th Floor of Shenzhen International Chamber of Commerce Tower). (25)                                                                                                                                                                                                                                                |
| 4.57              | The Declaration regarding Payment on behalf of others (relating to the sale and purchase of the 50th Floor of Shenzhen International Chamber of Commerce Tower). (25)                                                                                                                                                                                                                                         |
| 4.58              | Second-Hand Real Estate Sales Contract of Shenzhen Municipality (relating to the sale and purchase of the 50th Floor of Shenzhen International Chamber of Commerce Tower) (first agreement). (25)                                                                                                                                                                                                             |
| 4.59              | The Supplementary Agreement of Assignment of Property of the 50th Floor of Shenzhen International Chamber of Commerce Tower (first agreement). (25)                                                                                                                                                                                                                                                           |
| 4.60              | The Supplementary Agreement of Assignment of Property of the 50th Floor of Shenzhen International Chamber of Commerce Tower (second agreement). (25)                                                                                                                                                                                                                                                          |
| 4.61              | Second-Hand Real Estate Sales Contract of Shenzhen Municipality (relating to the sale and purchase of the 50th Floor of Shenzhen International Chamber of Commerce Tower) (second agreement). (25)                                                                                                                                                                                                            |
| 4.62              | Letter of Agreement (relating to the change of transferee for the sale and purchase of the 50th Floor of Shenzhen International Chamber of Commerce Tower). (25)                                                                                                                                                                                                                                              |
| 4.63              | Escrow Agreement of the Transaction Funds for Property Sale and Purchase (relating to the sale and purchase of the 50th Floor of Shenzhen International Chamber of Commerce Tower) (first agreement). (25)                                                                                                                                                                                                    |
| 4.64              | Escrow Agreement of the Transaction Funds for Property Sale and Purchase (relating to the sale and purchase of the 50th Floor of Shenzhen International Chamber of Commerce Tower) (second agreement). (25)                                                                                                                                                                                                   |
| 4.65              | Summary of Table Property Units and Prices. (25)                                                                                                                                                                                                                                                                                                                                                              |
| 8.1               | Subsidiaries of Global Sources Ltd.                                                                                                                                                                                                                                                                                                                                                                           |
| 12.1              | Certification of the Executive Chairman pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                       |
| 12.2              | Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                                                                                                                  |
| 13.1              | Certification by the Executive Chairman pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes – Oxley Act of 2002.                                                                                                                                                                                                                                                     |
| 13.2              | Certification by the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes–Oxley Act of 2002.                                                                                                                                                                                                                                                  |
| 14.1              | Consent of Independent Accountants for incorporation of their report filed with Form 6-K into the Company’s previously filed Registration Statements File No. 333-59058 and 333-62132. (5)                                                                                                                                                                                                              |
| 14.2              | Changes in Registrant’s Certifying Accountant. (12)                                                                                                                                                                                                                                                                                                                                                     |
| 14.3              | Letter to the SEC from the Company pursuant to SEC Release No. 33-8070, dated April 9, 2002. (5)                                                                                                                                                                                                                                                                                                         |
| 14.4              | Consent of Independent Registered Public Accounting Firm for incorporation of their report filed under Form 20-F into the Company’s previously filed Registration Statements File No. 333-104426, 333-59058, 333-138474, 333-202510 and 333-204083.                                                                                                                                                     |
| 14.5              | Consent of Savills Valuation and Professional Services Limited for incorporation of their valuation of properties as at December 31, 2016 and their name which appears in the Company’s Annual Report on Form 20-F into the Company’s previously filed Registration Statements File No. 333-104426, 333-59058, 333-138474, 333-202510 and 333-204083.                                             |

----

| Exhibit No.  | Description                                                                                                                                                                                                                                                                                                                                                           |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 14.6              | Consent of Savills Valuation and Professional Services (S) Pte Ltd for incorporation of their valuation of properties as at December 31, 2016 and their name which appears in the Company’s Annual Report on Form 20-F into the Company’s previously filed Registration Statements File No. 333-104426, 333-59058, 333-138474, 333-202510 and 333-204083. |
| 14.10             | Press release dated February 4, 2008 to announce share buyback program . (21)                                                                                                                                                                                                                                                                                         |
| 14.11             | Press release dated February 12, 2009 to announce the bonus share issue by Global Sources Ltd.  (22)                                                                                                                                                                                                                                                             |
| 14.12             | Letter to Securities and Exchange Commission from the Company’s previous Independent Registered Public Accountants. (17)                                                                                                                                                                                                                                        |

| (1) | Incorporated by reference to Form F-1 filed with the Securities and Exchange Commission on March 27, 2000. |
|-----|------------------------------------------------------------------------------------------------------------|

| (2) | Incorporated by reference to Form 20-F Annual Report of Global Sources Ltd. filed with the Securities and Exchange Commission on June 30, 2000. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Incorporated by reference to Form 20-F Annual Report of Global Sources Ltd. filed with the Securities and Exchange Commission on April 5, 2001. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Incorporated by reference to Form S-8 Registration Statement filed with the Securities and Exchange Commission on June 1, 2001. |
|-----|---------------------------------------------------------------------------------------------------------------------------------|

| (5) | Incorporated by reference to Form 6-K filed with the Securities and Exchange Commission on April 25, 2002. |
|-----|------------------------------------------------------------------------------------------------------------|

| (6) | Incorporated by reference to Form 20-F Annual Report of Global Sources Ltd. filed with the Securities and Exchange Commission on June 12, 2006 and confidential treatment requested (the confidential portions of such exhibits have been omitted and filed separately with the Securities and Exchange Commission) |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Incorporated by reference to Form S-8 Registration Statement filed with the Securities and Exchange Commission on April 10, 2003. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------|

| (8) | Incorporated by reference to Form 20-F Annual Report of Global Sources Ltd. filed with the Securities and Exchange Commission on April 26, 2012. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | Incorporated by reference to Form 20-F Annual Report of Global Sources Ltd. filed with the Securities and Exchange Commission on April 26, 2013. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------|

| (10) | Incorporated by reference to Form 20-F Annual Report of Global Sources Ltd. filed with the Securities and Exchange Commission on April 30, 2002. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| (11) | Incorporated by reference to Form 6-K filed with the Securities and Exchange Commission on May 6, 2002. |
|------|---------------------------------------------------------------------------------------------------------|

| (12) | Incorporated by reference to Form 6-K filed with the Securities and Exchange Commission on August 13, 2002. |
|------|------------------------------------------------------------------------------------------------------------------|

| (13) | Incorporated by reference to Form 20-F Annual Report of Global Sources Ltd. filed with the Securities and Exchange Commission on May 13, 2005. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------|

| (14) | Incorporated by reference to Form S-8 Registration Statement filed with the Securities and Exchange Commission on November 7, 2006. |
|------|-------------------------------------------------------------------------------------------------------------------------------------|

| (15) | Incorporated by reference to Form 20-F Annual Report of Global Sources Ltd. filed with the Securities and Exchange Commission on June 28, 2007. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (16) | Incorporated by reference to Form 20-F Annual Report of Global Sources Ltd. filed with the Securities and Exchange Commission on June 25, 2008. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (17) | Incorporated by reference to Form 20-F Annual Report of Global Sources Ltd. filed with the Securities and Exchange Commission on June 26, 2009. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (18) | Incorporated by reference to Form 6-K filed with the Securities and Exchange Commission on May 11, 2012. |
|------|----------------------------------------------------------------------------------------------------------|

| (19) | Incorporated by reference to Form 6-K filed with the Securities and Exchange Commission on December 21, 2012. |
|------|---------------------------------------------------------------------------------------------------------------|

| (20) | Incorporated by reference to Form 6-K filed with the Securities and Exchange Commission on March 21, 2005. |
|------|------------------------------------------------------------------------------------------------------------|

| (21) | Incorporated by reference to Form 6-K filed with the Securities and Exchange Commission on February 5, 2008. |
|------|--------------------------------------------------------------------------------------------------------------|

| (22) | Incorporated by reference to Form 6-K filed with the Securities and Exchange Commission on February 12, 2009. |
|------|---------------------------------------------------------------------------------------------------------------|

----

| (23) | Incorporated by reference to Form 20-F Annual Report of Global Sources Ltd. filed with the Securities and Exchange Commission on April 28, 2014. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| (24) | Incorporated by reference to Form S-8 Registration Statement filed with the Securities and Exchange Commission on March 5, 2015. |
|------|----------------------------------------------------------------------------------------------------------------------------------|

| (25) | Incorporated by reference to Form 20-F Annual Report of Global Sources Ltd. filed with the Securities and Exchange Commission on April 26, 2016. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  GLOBAL SOURCES LTD. By:  /s/ Connie Lai       Connie Lai,       Chief Financial Officer  |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|