Red Star Macalline Group Corporation Ltd.


                                          1528




                                   2017     11   20




     2015   6


                14A                                   2015    2016        2017
12     31




                                                       2018   12     31
     2018   11    29




                                  –1–
          2019     2020     2021   12   31




                            14A



                                        0.1%
 5%   14A.76
14A




          2017    11   20




          –2–
  2013


                                                                2.0
                   6.0
              2013


  2013        12         2014   1




                                      2014




                   2018    12   31     2018   11   29



                                                        2019   2020
2021     12        31




                                     –3–
 37.80                2011 12 26     2012 1 1
                              2013     2019 12 31
         188              12 31
                                                            6%
                                                            1.9


 96.36                2011 12 26     2012 1 1
                              2014     2019 12 31
         188              1 1
                                                              6%
                                                              3.1


 70.06                2010 12 28     2011 1 1
                              2018     2018 12 31           3.0
                          11 29
         88                               2019 1 1     2019 1 1
                                             2021 12     2021 12 31
                                          31
 61.79                2009 12 18     2011 9 29
                              2013        2021 9                  7.5%
                          12 31        28                           3.0
               99


113.20                2009 11 29     2012 9 30
                                          2022 9            5.0
                                       30




              –4–
    2015   6
                                                              14A
                     2015   2016        2017        12   31




                                                              2018        12     31
    2018   11   29




                                                     2019     2020             2021       12     31




                                                                                          2018
                                                                                1     1
                                        2016                  2017
                              12   31                    12   31

                                                *                     *                           *




                                            2.0                     1.4                         1.3


                                            3.8                     2.3                         2.1


                                            1.4                     1.9                         1.7
                                            2.4                     3.8                         2.6
                                            2.9                     2.8                         2.6


                                          12.5                     12.3                        10.4


*
                                        –5–
            2016               2017          2018
          12 31              12 31         12 31




                  2.2              2.3           2.5

                  4.5              4.8           4.0

                  2.0              2.0           2.0
                  4.1              4.2           5.0
                  5.0              5.0           3.0

                17.8              18.3         16.5




2019   2020      2021   12   31


            2019               2020          2021
          12 31              12 31         12 31




                  2.5                 –            –

                  4.0                 –            –

                  3.0              3.0           3.0
                  5.0              5.0         3.8(a)
                  3.0              3.0           3.0

                17.5              11.0           9.8




              –6–
(a)     2021   1   1     2021    9   28




(i)


(ii)



(iii)


(iv)


(v)


(vi)


(vii)




                               14A




                                          95%




                       –7–
                  14A



                        0.1%
 5%   14A.76
14A




          –8–
H




    –9–
H                                       1.0




                        50.2%   26.8%    23%


    2018    11     28



    H




                                92%



           8%




        – 10 –
                  2015   6   16




                                    92%     8%




                                        39.6%
26.4%       34%




                                  50%    25%
25%




      – 11 –
                              75%   25%




                                    95%   5%


    %




2018    11   29



                  Joseph Raymond GAGNON


*




                   – 12 –