Ann: Appendix 4C - quarterly, page-3

You only need to look at the following to have a guess at what's going on... (from Annual report 2016)

The following transactions were carried out with related parties: 2016 HK$ 2015 HK$

(a) Sales of services – note (i) Sales of software development services:
- Cargo Services Far East Limited $2,405,412 (2016) $5,707,629 (2015)
- Bo Lei Digital Limited $14,477 (2016)

Sales of import, storage, and courier fulfillment services:
- Cargo Services Far East Limited $2,082 (2016)
- CN Logistics Limited $24,763 (2016)

-Sales of management services:
- WWE Group Limited $5,550,000 (2016)

(b) Purchases of services – note (i) Purchase of outsourced labour services:
- CS China Logistics Limited $2,079,889 (2016) $3,700,700 (2015)

Purchases of outsourced import, storage, and courier fulfillment services:
- CS China Logistics Limited $16,365,039 (2016) $34,829,806 (2015)
- CS Logistic Solutions Pty Limited $2,471,279 (2016)

Purchase of management and administrative services:
- Cargo Services Far East Limited $421,581 (2016)


WOW WOW WOW!!! and this is only part of it.... I thinks it's obvious who's milking the cow...

DYOR