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3 2004 CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) CO., LTD CIMC [email protected] B

4 TEU Twenty-foot equivalent unit TEU Semi-trailer 3

5 2004 2,801,979, ,389,023, ,431,670, ,511,354, ,782, ,013,266, ,417, ,830, ,534, ,452,157, ,032, ,830, ,040, ,358, ,160, , ,411, , ,264, ,034, ,665, ,758, ,017, ,913, ,647, ,844, % 60.03% 70.60% % 47.16% % 37.39% % 38.31%

6 ,464,989 7,521, ,152 19, ,575 47, ,168 52, , ,163 17,007 2,389,020 7,470, TEU 1,570,809 1,173, ,578 26,567,783, ,800,223, ,078,671, ,389,023, ,688, ,854, ,963,863, ,931,968, ,829,184, ,471,364, ,290,940, ,853,729, % 12.90% 16.29% 37.39% 20.42% 17.68% 32.57% 12.70% 18.07% 38.31% 20.10% 19.61%

7 ,302, ,181, ,008,483, ,257,128, ,219, ,952,908, ,133,049, ,874,839, ,007,889, ,323, ,134, ,457, ,850, ,669, ,519, ,655, , ,030, ,045, ,045, ,290,940, ,673,784, ,964,724,

8 % 227,363, ,417, ,781, ,313, ,388, ,701, ,049, ,029, ,079, ,363, ,417, ,781, ,333, ,599, ,933, , ,213 66, , ,605, ,163, ,769, ,938, ,763, ,702, ,302, ,181,257 1,008,483, ,312 66, ( ) 2003 A ,000, ,000, A 120,000, ,302, ,302, % 63.87%

9 2004 % % 227,363, ,417, ,781, ,313, ,388, ,701, ,049, ,029, ,079, ,363, ,417, ,781, ,333, ,599, ,933, , , , ,605, ,163, ,769, ,938, ,763, ,702, ,302, ,181,257 1,008,483, ,947 A 30,073 B 10, % 1 COSCO Container Industries Limited 61,388, ,701, ,388, ,701, FAIR OAKS DEVELOPMENT LIMITED 24,494,098 62,772, PROFIT CROWN ASSETS LIMITED 13,641,788 36,378, GT PRC FUND 4,783,476 12,422, NIKKOCITI TB S/A RE:JF CHINA MOTHER FD(716000) 10,495, LONG HONOUR INVESTMENTS LIMITED 3,596,890 9,591, JPMBLSA RE FTIF TEMPLETON CHINA FUND 9,221, GTI ,259, FF GREATER CHINA FD GT ,000, Long Honour Investments Limited ( ) COSCO Container Industries Limited 8

10 2004 Fair Oaks Development Limited 3 10% 30% COSCO Container Industries Limited 16.23% % ,000 1 COSCO Container Industries Limited( ) British Virgin Islands COSCO Container Industries Limited 16.23% Long Honour Investments Limited 0.95% % 16.23% Fair Oaks Development Limited 6.22% Fair Oaks Development Limited 22.45% 9

11 % % 53.25% 100% 100% LONG Honour Investments Limited 100% 100% COSCO Container Industries Ltd. 0.95% Fair Oaks Development Limited 16.23% 16.23% 6.22% 4 COSCO Container Industries Limited ,701, % COSCO Container Industries Limited FAIR OAKS DEVELOPMENT LIMITED 62,772, % B 2 GT PRC FUND 12,422, % B 3 NIKKOCITI TB S/A RE:JF CHINA MOTHER FD(716000) 10,495, % B 4 LONG HONOUR INVESTMENTS LIMITED 9,591, % B 5 JPMBLSA RE FTIF TEMPLETON CHINA FUND GTI ,221, % B 6-8,259, % A 7 FF GREATER CHINA FD GT ,000, % B 8-7,886, % A 9 TEMPLETON DRAGON FUND, INC. 7,773, % B 10 6,601, % A 10

12 2004 Long Honour Investments Limited COSCO Container Industries Limited Long Honour Investments COSCO Container Industries Limited Fair Oaks Development Limited Fair Oaks Development Limited 11

13 , ,387 70, , ,925 46,

14

15 MOT

16 MBA / / / / / / / ( ) ( ) PPG ( ) / 21 / 15

17 / / / ( ) / / / B.V.I. / 9 / / 16 / / 5 / / 3 / / 5 /

18 , % 40.14% 27.21% 10.20% 12.24% 10.20% 27.89% 47.62% 17.01% 7.48% 17

19 COSCO Container Industries Limited 16.23% 18

20

21 :30 12: ,007, % ,627, % 7 179,380, %

22 :30 12: ,510, % ,385, % 7 273,125, % A B 2 1) 2) 3) < > 4)

23 % % 238 TEU TEU 40% % % TEU TEU 41.42% 33.88% , % %

24 % 26,567,783, ,800,223, % 4,511,354, ,884,414, % 2,389,023, ,688, % 777,032, ,233, % 92.52% % % % 2 % 16,963,863, ,931,968, % 12,246,825, ,536,200, % 1,483,165, ,133, % 4,960,984, ,242,822, % 4,589,564, ,473,814, % 1,658,528, ,996, % % 50.88% 39.84% 27.73% 7,471,364, ,290,940, % 70.81% 86.29% % % 52.98% % 39.84% 27.40% 145, ,625,589 23

25 , % 90.6% % % 24,083,749 20,003, % 2,303,235 2,048, % 142,343 90, % 38,457 56, % 26,567,784 22,086, % 24

26 2004 % % 3,148, % 12,147, % 10,831, % 440, % 26,567, % 10% % 24,083,749 20,003, % TEU TEU 41.42% 33.88% 24,083, % 1,447,749TEU 34.58% 55,818TEU 5.97% 67,243TEU 63.85% % ZHANGZHOU CIMC CONTAINERS CO., LTD Ningbo CIMC Logistic Equipment Co.,Ltd Clive-Smith 25

27 2004 Cowley Ltd. CSC 60 DOMINO DOMINO 70% , Nantong CIMC Tank Equipment Co., LTD. 3, % SSC TESC 2004 CECA , % % 396, , ,532 Vanguard National 26

28 2004 Trailer Corporation 2, , , ,117 * 35,164 ** 2, ,926 * : ** : Dry Freight Vans Refrigerated Vans Tank Trailer & Other Special Vehicles Container Chassis & Platform % LNG L-CNG S 1 27

29 2004, VIN , % 82.94% 15,500, ,087 61, % % 2 13,500, ,343 22, % 7.05% 3 150,000, % , % % 67, , % 1,155, % 5% 28

30 A ,373 1,770,900 1,437, ,060 32, , % 413, , , % 74, , , ,060 82% 145, , ,800 80% 26, , , , % 46, , , ,860 82% 240, , , % 1,770,900 1,437,663 1,437,663 81% 148, , ,, ( ) 670, ( ) 2538, 9.95% 37.66% CIMC Vehicle Investment Holdings Company Limited ,, ( ) 5,200,000.00,CIMC Vehicle 29

31 2004 Investment Holdings Company Limited 6,278, % 8,500, 160,000, , ( ) 1200 ( ) 70% 30% ( ) CIMC Vehicle Investment Holdings Company Limited 3500, ( ) CIMC Vehicle Investment Holdings Company Limited 51% 49% , ( ) CIMC Vehicle Investment Holdings Company Limited , 2% ( ) 3040, 38% CIMC Vehicle Investment Holdings Company Limited 4800, 60% , % 16,963,863, ,931,968, % 825,188, ,126, %, 7,471,364, ,290,940, % 4,511,354, ,884,414, % 2,389,023, ,688, %

32 )2003 2)2003 3) 4) 5) 6) 7)

33 2004 8) ) 10) 11) 12) 13)

34 < > ,302, ,772, % 71,377, % 35,688, ,674, ,139,381, ,302, ,514, ,000, ,389,023, ,008,483, ,269,304, % 226,930, % 113,465, ,850, ,243,584, ,008,483, ,241, ,474,533, ,008,483,353 2,016,966,

35 2004 (2005) 04 ( ) ( ) (2003)56,,, % 40%

36 2004 [2003] 56 50% % 2 35

37 ,000 A

38 CIMC Vehicle Investment Holdings Company Limited 18 51% CIMC % CIMC CIMC CIMC Citigroup ING Bank N.V CIMC

39 CIMC COSCO Container Industries Limited 163,701, % COSCO Container Industries Limited CIMC CIMC CIMC % A 1994 B

40 ( ) 40 ( ) ( ) ( ) 45 ( ) 46 ( ) ( ) ( ) ( ) ( ) 55 ( ) 56 ( ) ( ) ( ) 134 ( ) 135 ( ) ( ) ( ) ( )

41 (2005) 57 ( ), ( ) ( ),,,,,, 40

42 USD 179,126, USD 85,281, (8).6 16,918, ,383, ,701, , , (9).7 590,641, ,645, (9).8.47(3) 12,994, ,266, (3) 109,420, ,201, ,493, ,446, (10) ,295, ,996, ,981, , ,470,573, ,396, (11).12 58,870, ,754, (11) 16,135, ,615, ,870, ,754, (12) ,176, ,500, (12) ,169, ,228, ,007, ,272, (12).13 10,614, ,375, ,393, ,896, (13).14 60,766, ,195, ,159, ,091, (15).15 52,889, ,504, (16).16 2,379, ,101, (17).17.47(3) 11,495, ,665, ,764, ,270, USD 2,040,368, USD 1,199,513,

43 USD 200,305, USD 61,352, ,893, ,370, (3) 327,720, ,184, ,618, ,022, ,729, ,310, ,153, ,660, ,656, , ,359, (37,467,702.15) 25 53,268, ,931, (18).26 83,543, ,525, ,145, ,148, ,106, ,544, ,825, ,363, ,976, , , , ,660, ,189, ,916, , ,034,121, ,831, (23) 103,985, ,679, ,808, ,134, ,531, ,600, ,042, ,614, ,567, ,971, ,956, ,781, ,898, ,926, , (6) (77,340.54) (1,886.27) 902,261, ,002, USD 2,040,368, USD 1,199,513,

44 USD 46,939, USD 20,193, (8) 11,472, ,025, ,038, ,808, (9).45(1) 368,092, ,130, ,291, ,542, ,449, (11).45(2) 670,007, ,715, (11) 670,007, ,715, (12) 29,254, ,465, (12) 6,092, ,865, ,162, ,599, (12) ,162, ,599, (13) 450, , ,613, ,171, (15) 4,401, ,023, (16) 1,456, ,722, ,857, ,745, USD 1,185,020, USD 721,082,

45 USD 100,000, USD - 59,209, ,482, , , , , ,331, ,154, (18) 114, , ,106, ,106, ,095, ,085, ,947, ,976, ,947, ,976, ,043, ,062, ,808, ,134, ,858, ,600, ,529, ,335, ,629, ,926, ,900, ,951, (120,136.83) 28,926, ,976, ,020, USD 1,185,020, USD 721,082,

46 (19)(20).37 USD 3,208,669, USD 1,666,693, ,663,417, ,437,214, (1) 402, ,892, ,849, ,586, ,543, ,191, ,326, ,327, ,695, ,258, (14).39 6,450, ,445, ,921, ,746, ,586, , (21).41 1,428, ,178, , ,140, ,528, ,988, ,403, ,303, (22).3(2) 37,068, ,213, (23) 12,805, ,765, , ,529, ,450, ,781, ,098, ,310, ,548, ,748, ,710, ,595, ,355, , ,966, ,438, ,083, ,657, ,926,

47 35 - USD 63,956, USD 30,781,

48 (19) USD - USD (1) , , ,507, ,220, (14) (3,221,691.43) (1,159,351.05) ( ) (54,238,338.41) (17,045,702.73) 45(3) 328,532, ,989, , , , ,070, ,878, (22).3(2) , ,070, ,204, ,951, ,334, ,022, ,539, ,407, ,620, ,703, ,310, ,911, ,608, ,083, ,657, USD 60,900, USD 34,951,

49 USD 3,171,001, USD 1,624,097, ,882, ,883, (1) 73,165, ,743, ,343,050, ,707,723, ,835,659, ,395,973, ,643, ,865, ,726, ,323, (2) 150,103, ,194, ,168,133, ,609,356, ,917, ,367, ,784, ,353, ,284, ,777, , ,471, , ,832, ,602, ,930, ,166, ,246, ,078, ,589, ,766, ,245, (158,934,412.94) (104,642,283.44) 3,003, ,437, ,469,485, ,496,842, , ,472,756, ,709,280, ,357,365, ,645,207, ,648, ,725, , ,402,407, ,668,932, ,348, ,347, (6) ,512, ,085, ( ) 2(7) USD 93,844, USD 39,158,

50 USD 288,529, USD 82,450, ,805, ,765, , ,287, ,957, ,031, ,007, ,235, ,043, ,292, ,002, ( ) (1,638,323.66) 963, ,018, ,803, ,066, ,648, ,852, ,500, ( ) (2,586,649.62) 773, ( ) (375,956,240.25) (12,107,541.77) ( ) (222,152,170.51) (83,825,667.65) 393,671, ,511, ,456, ,367, ,126, ,281, ,281, ,123, ,267, ( ) 2(7) USD 93,844, USD 39,158,

51 USD - USD 18, ,577,793, ,474,670, ,577,793, ,474,688, , ,399, ,384, , ,097, ,585,435, ,601,181, ,588,973, ,609,665, (11,180,181.12) (134,976,755.89) ,447, ,131, ,840, , , , ,253, ,145, ,333, ,262, ,481, ,394, , ,735, ,657, (27,482,095.06) (36,511,767.90) ,848, ,904, ,633, ,904, ,481, ,039, ,526, ,457, , ,496, ,326, ,408, ,155, (6) - - 2(7) USD 26,745, USD 4,666,

52 USD 274,070, USD 86,204, ,206, ,254, ,528, ,219, , , , , , ( ) 101, (49,141.31) (4,505.45) ,898, (57,871.00) ( ) (328,532,958.57) (102,989,509.99) ( ) 5,164, (131,288,639.77) ( ) 32,858, ,825, (11,104,627.02) (134,976,755.89) ,939, ,193, ,193, ,526, (7) USD 26,745, USD 4,666,

53 RMB 1,483,165, RMB 706,133, (8).6 140,081, ,774, ,371, ,774, , (9).7 4,890,512, ,242,822, (9).8.47(3) 107,598, ,649, (3) 906,002, ,148, ,650, ,133, (10).11 4,589,564, ,473,814, ,407, ,842, ,176,352, ,536,200, (11) ,447, ,326, (11) 134,461, ,332, ,447, ,326, (12).13 4,348,465, ,241,626, (12).13 1,086,084, ,532, ,262,381, ,304,093, (12).13 87,885, ,792, ,174,496, ,251,301, (13) ,144, ,218, ,677,641, ,418,520, (15) ,922, ,613, (16).16 19,705, ,679, (17).17.47(3) 95,182, ,628, ,810, ,921, RMB 16,894,251, RMB 9,931,968,

54 RMB 1,658,528, RMB 507,996, ,959, ,950, (3) 2,713,528, ,591,289, ,595, ,426, ,322, ,053, ,671, ,425, ,996, ,863, ,617, (310,232,573.80) ,560, ,511, (18) ,742, ,551, ,283, ,350, ,000, ,782,158, ,525,834, ,727, ,083, ,762, ,762, , ,188, ,846, ,149, ,759, ,631,496, ,956,440, (23) 861,003, ,587, ,008,483, ,302, ,952,908, ,257,128, ,007,889, ,133,049, ,457, ,323, ,519, ,850, ,241, ,514, (1,045,297.50) 2(6) 16,030, ,655, ,470,723, ,290,940, RMB 16,964,724, RMB 9,931,968,

55 RMB 388,660, RMB 167,205, (8) 94,993, ,293, ,834, ,290, (9).45(1) 3,047,802, ,443,683, ,692, ,020,291, ,092,165, (11).45(2) 5,548,653, ,622,404, (11) 8,891, ,622, ,548,653, ,622,404, (12) 242,229, ,690, (12) 50,447, ,009, ,781, ,681, (12) ,781, ,681, (13) 3,734, ,739, ,516, ,420, (15) 36,443, ,312, (16) 12,058, ,263, ,502, ,576, RMB 9,812,963, RMB 5,970,567,

56 RMB 828,000, RMB - 490,255, ,193, , , ,721, ,708, ,266, ,198, (18) 945, , ,999, ,000, ,640,231, ,230, ,727, ,083, ,727, ,083, ,442,959, ,314, ,008,483, ,302, ,952,908, ,257,128, ,887,703, ,072,773, ,415, ,950, ,241, ,381, ,241, ,514, (6) 16,666, ,666, ,370,003, ,266,252, RMB 9,812,963, RMB 5,970,567,

57 (19)(20).37 RMB 26,567,783, RMB 13,800,223, ,053,098, ,900,134, (1) 3,329, ,673, ,511,354, ,884,414, ,782, ,943, ,180, ,552, ,115,282, ,336, (14).39 53,407, ,091, ,013,266, ,378, ,417, ,401, (21).41 11,830, ,040, ,241, ,439, ,776, ,267, ,801,979, ,189, (22).3(2) 306,926, ,410, (23) 106,029, ,136, ,045, ,389,023, ,688, ,850, ,714, ,643,874, ,213,402, ,155, ,123, ,134, ,061, , ,243,584, ,104,850, ,474,550, ,999, ,514, RMB 529,519, RMB 254,850,

58 (19) RMB - RMB (1) , , ,164, ,868, (14) (26,675,605.04) (9,599,426.69) ( ) (449,093,442.03) (141,138,418.60) 45(3) 2,720,252, ,753, , , ,897, , ,269,304, ,073, (22).3(2) 0.00 (2,699,631.07) 2,269,304, ,772, ,381, ,674, ,558,685, ,246,447, ,930, ,377, ,465, ,688, ,218,290, ,139,381, ,474,533, ,000, ,514, RMB 504,241, RMB 289,381,

59 RMB 26,225,909, RMB 13,447,524, ,749, ,392, (1) 656,201, ,037, ,700,860, ,139,954, ,269,701, ,558,659, ,189,367, ,448, ,653, ,556, (2) 1,468,980, ,807, ,248,702, ,325,471, ,452,157, ,483, ,732, ,410, ,632, ,635, ,812, ,186, ,515, ,693, ,232, ,150,348, ,498, ,162, ,172, ,159, ,405,670, ,558,670, (1,315,976,939.14) (866,438,106.88) 24,868, ,758,982, ,167,337, ,393,857, ,216, ,194,422, ,152,840, ,238,985, ,622,318, ,685, ,444, ,262, ,611,933, ,818,762, ,488, ,078, (6) -3,842, ,205, ,110, ( ) 2(7) RMB 777,032, RMB 324,233,

60 RMB 2,389,023, RMB 682,688, ,029, ,734, ,257, (73,644,511.05) 240,382, ,840, ,513, ,136, ,980, ,666, ( ) (13,565,319.90) (7,826,679.85) 149,191, ,781, ,828, ,105, ,294, ,931, ( ) (21,417,458.85) (101,066,491.44) ( ) (3,112,917,669.27) (242,795,723.65) ( ) (1,839,419,971.82) (1,327,568,272.02) 3,259,600, ,225, ,452,783, (84,793,466.60) ,483,165, ,133, ,133, ,217, ,217, ( ) 2(7) RMB 777,032, RMB 324,915,

61 RMB 0.00 RMB 149, ,344,130, ,210,271, ,344,130, ,210,421, , ,146, ,139, ,149, ,090, ,407,405, ,257,779, ,436,702, ,328,028, (92,571,899.66) -1,117,607, ,065, ,052, ,801, , , ,100, ,055, ,966, ,318, ,694, ,663, ,590, ,624, ,607, ,284, (227,551,747.11) -302,317, ,754,104, ,373,693, ,437,683, ,373,693, ,191,788, ,926, ,726,600, ,187, ,620, ,114, ,733,220, ,578, ,458,567, (6) - - 2(7) RMB 221,455, RMB 38,642,

62 RMB 2,269,304, RMB 713,772, ,991, ,664, ,659, ,379, ,168, , ,827, ,171, ,248, ( ) 841, (406,890.05) (37,305.13) (5,606.72) 15,721, (479,171.88) ( ) (2,720,252,896.96) (852,753,142.72) ( ) 42,762, (1,087,069,937.30) ( ) 272,067, ,792, (91,946,311.74) (1,117,607,538.76) 2. : ,660, ,205, ,205, ,562, (7) RMB 221,455, RMB 38,642,

63 ( ) ( ) 1.,, [1992]1736 (1992) 261,,,, [1993]925 [1994]22, (A ) (B ), ( ), ,,, 2. (1) (2) (3) 62

64 1 ( ) Gold Terrain Assets Limited 6 Highfield Development Corp. 7 Highfield Development(HongKong) Limited 8 Global World Investment Limited 9 Supercrown Enterprise Inc. 10 Lumprex Suriname N.V. 11 Topco Forestry N.V. 12 CIMC Australia Pty Ltd. 13 Clive-Smith Cowley Limited 14 ( ) * * ( ),,, ( ), 63

65 64,, (4),,, (5),,,,,, (6) A,,,,,,,,,, B,,,

66 ,,,,, (7), (8),, 6 65

67 (9),,,, ( ), 1.5% * 100.0% ** *, 1.5% ** ( ) ( ), ( ), ( ) * ( ) 1.5% 5% 1.5% 10% 1.5% 30% 100.0% 100% *, 1.5%

68 67 (10),,,,,,,,, 11 (11),, 20%, 20% 50%, 50%, 20% 50%,,,, [2003]10 ( ),,,,,

69 68,,,, [1999]10,,,,,,,,, 12 (12),, 2,000.00,

70 ,,,, ( 10%), ( ) (%) ,, 13 (13),,,,,, 14 (14),, 69

71 70,,,,,, 40 (15) A, B,, C,,,, 15

72 (16),, 16 (17), 17 (18) A,,,, (TEU) ( / TEU) B ( ), ( ) 0.5%,, 71

73 C 10, ,000.00,,,, 26 (19) 27 (20),,,,,,,,,,,, 38(1) 38(2) (21), 72

74 73,,,,,,, 38(3) 38(4) (22), 42 (23) 3(2) (24) (1995)11,,,,

75 ,, [2003]10 < > ( ),,, ( ),,, 74

76 3. (1) ( ) 17% ( ), * 5% 3% ** (US FET) 12% *** * 17%;, [2003]222, 13% **, [2002]117, 3% *** ( ) 12% 1% 3% 1% 3% (2) A 15% 0% 7.5% 12% 15% 18% 24% 33% 16.5% 17.5% 38% 30% 40% 30% 30% B 75

77 1 15% 15% * 70%, 5% 2 18% 18% * 70%, 8% 3 24% 12% ** 70%, 4 24% 12% ** 70%, 5 24% 12% ** 70%, 6 24% 12% ** 70%, 7 24% 12% ** 70%, 8 15% 7.5% ***, % --- ***, % --- ***, % --- ***, % --- ***, % --- ***, % --- ***, % 15% **** 16 24% 15% **** 17 24% 12% *****, % --- *****, % -- *****, % 15% 21 24% 24% 22 33% 33% 23 24% 24% 24 24% 24% 25 33% 33% 26 15% 15% 27 15% % % % ( ) 15% % % % % % ---, 37 33% ---, 38 33% 33% 39 33% 33% 40 33% 33% * 15%, 18%, 76

78 70%, 5% 8% **, ( ) 70%, ***, ( ),, **** (1997)32, 15%, (2002) 008, 15% ***** (2000) A016 [2004]6 [2005]39,,, C 38% 30%, (3) 70% 80%, 1.2% 77

79 , --- (4) 4. (1) (2) : USD 16,000, % RMB 60,000, % RMB 3,000, % USD 11,500, % USD 12,000, % RMB 35,000, % RMB 9,000, % USD 6,000, % USD 2,000, % : ** USD 12,000, % ** RMB 67,390, % ** RMB 16,000, % ** USD 7,450, % 5 Clive-Smith Cowley Limited ** GBP % 6 CIMC Australia Pty Ltd ** AUD 50, % ** RMB 105,340, % ** RMB 30,000, % 1 * USD 15,000, % 2 * USD 15,000, % 3 * RMB 9,910, % 4 Speedic Enterprise Corp.* USD 50, % 5 CIMC Vehicle Investment Holdings Company Limited * * USD 50, % 78

80 * Speedic Enterprise Corp. CIMC Vehicle Investment Holdings Company Limited, 10%, (1996)2,,, **, USD 16,356, USD 10,808, USD 27,165, USD 21,147, USD 21,147, USD 113,685, USD 11,755, ,459, ,405, ,950, ,429, ,429, ,233, ,710, ,022, ,450, (695,271.01) 4 12,065, ,115, ,950, ,689, ,689, ,581, (695,589.50) 5 Clive-Smith Cowley Limited 1,954, ,954, ,082, ,082, ,295, ,694, CIMC Australia Pty Ltd. 65, , , , , ,376, , ,730, ,073, ,320, ,860, ,624, ,352, ,538, ,453, ,734, ,389, ,645, ,819, ,434, , USD 125,109, USD 44,188, USD 175,301, USD 112,863, USD 117,844, USD 305,959, USD 20,994, (3) / * 80.00% RMB 32,654, USD 4,264, USD 8,486, USD * 92.37% RMB 654, USD 2,274, USD 797, USD 6,687, * 2(24), 5. 79

81 RMB 465, USD 56, RMB 465, RMB 61, USD 7, RMB 61, USD 16, , , USD 19, , , HKD 11, , , HKD 28, , , JPY 9, JPY 9, , , , , , , , , RMB 615,246, ,304, ,238, RMB 330,853, ,958, USD 86,581, ,581, ,894, USD 39,695, ,695, ,856, ,675, HKD 2,038, , ,164, HKD 17,170, ,201, ,227, JPY 317,473, ,101, ,680, JPY 190,531, ,734, ,360, AUD 5,355, ,176, ,580, AUD 443, , ,736, EUR 173, , ,950, EUR 2, , , ,098, ,096, ,759, ,405,605, ,923, ,882, RMB 64,855, ,832, ,855, RMB 957, , , USD 32, , , USD 35, , , HKD 11,128, ,426, ,813, HKD 9,168, ,175, ,733, ,291, ,935,151.63* 1,326, ,986, USD 179,126, RMB 1,483,165, USD 85,281, RMB 706,133, * 52,184, ,978,305.96, 6. (1) USD 18,568, RMB 153,750, USD 1,650, USD 20,383, RMB 168,774, USD --- (2) * A 8,771,343 USD 13,122, RMB 108,651, RMB USD 11,472, RMB 94,993, USD 1,649, B B 8,651,685 5,060, ,903, HKD ,479, ,369,

82 H 1,000, , ,195, HKD , ,184, , USD 18,568, RMB 153,750, USD 17,336, RMB 143,547, USD 1,650, * 7. (1) USD 624,246, RMB 5,168,762, % USD 10,038, USD 447,297, RMB 3,703,622, % USD 6,422, ,066, ,951, % 407, , ,303, % 9, ,837, ,494, % 179, ,561,27 1,172, % 2, , ,309, % 882, ,699, ,628, % 3,699, ,033, ,241,517, % 11,508, ,778, ,740,727, % 10,133, ABCP ---* ,000,000.00* 414,000, % ,353, ** 259,606, % 470, USD USD 601,680, RMB 4,981,910, % USD 11,038, USD 401,778, RMB 3,326,727, % 10,133, * (1999)67 ( ) [1999]174 ( ), ( ABCP ) OASIS FUNDING LIMITED TULIP ASSET PURCHASE COMPANY B.V. ABN AMRO BANK N.V.( ), OASIS FUNDING LIMITED,OASIS FUNDING LIMITED, ABN AMRO BANK N.V.( ), ABCP, ABCP 81

83 [2003]105 ( ), ABCP, OASIS FUNDING LIMITED 50,000,000.00,,, OASIS FUNDING LIMITED ABCP 50,105,957.83, OASIS FUNDING LIMITED, ABCP **, ( ), 31,353,500.00,,,, 95%,, 31,353,500.00, 95% 29,700,000.00, USD 31,353, USD 470,

84 (2),,, 9,391,139.00, 6, , ( ),, 6.435%, 9,108,988.10,, 7,608,695.66,, 5,193,236.72, 56,000, ( 6,765, ) 5,193,236.72, 2,487, ,705, (3) 297,444,294.68, 49.44% (4) 5%( 5%) 83

85 8. (1) USD 9,606,548,89 RMB 79,542, % USD 1,861, USD 20,285, RMB 167,966, % USD 393, ,620, ,260, % 40, ,652, ,958, % 39, , ,778, % 148, , ,404, % 11, ,833, ,184, % 1,833, , ,110, % 738, ,766,110.4 USD 16,879, RMB % USD 3,885, USD 24,449, RMB 202,441, % USD 1,182, (2) RMB 13,500, USD 1,630, % USD 710, , % USD 710, , % USD 603, , % USD 542, , % USD 4,197, % (3) USD 74,058.42* 1 USD 1,110.88,, (4) 5%( 5%) 9. (1) ,530, USD 1 * RMB 898,635, % USD 66,153,132.78* RMB 547,747, % , ,115, % 48, , % , , % , , %

86 109,420,573.7 USD 4 RMB 906,002, % USD 66,201, RMB 548,148, % * : CIMC Vehicle Investment Holdings Company Limited 540, (4), ( ), ( ) 24,093,750.00, 2,909, (2) 5%( 5%) USD 2,493,982.42* RMB 20,650, USD * RMB 194,133, ,446, * USD 284,325, RMB 2,354,216, USD 535, USD 108,845, RMB 901,237, USD 184, ,464, ,806, ,895, ,496, ,705, ,161, , ,857, ,262, , , ,551, , ,593, ,941, ,917, , ,376, ,464, ,254,122, , ,516, ,040, , ,805, ,073, , ,698, ,341, ,136, ,797, ,682, , ,285, ,545, ,878, ,501, ,112, ,426, ,490, ,243, ,679, ,863, ,303, ,169, ,679, , ,

87 USD 556,954, RMB 4,611,580, USD 2,658, * USD 180,997, RMB 1,498,662, USD 3,000,

88 *, 12. (1) USD 35,743, USD 3,098, USD --- USD --- USD 35,743, RMB 295,959, USD 3,544, ,574, , ,957, ,371, ,161, ,419, , ,615, ,291, ,667, ,239, ,461, USD 64,933, USD 3,179, USD 16,249, USD 18,038, USD 63,145, RMB 522,840, USD 4,274, (2) / ( ) % 76,158,496 USD28,982, USD --- USD 28,982, USD --- USD 28,982, RMB 239,973, USD --- RMB 823,273, % 3,795,000 1,162, ,162, ,162, ,627, ,208, % , , , ,139, , % --- 5,133, ,133, ,133, ,507, ,079,501.86* % , , , ,711, , USD 35,743, USD --- USD 35,743, USD --- USD 35,743, RMB 295,959, USD 3,544, RMB 853,481, *,,, 3,079,

89 (3) ( ) ( ) ( ) ( ) 1 KYH STEEL HOLDING LTD % USD 3,336, USD 3,573, USD --- USD 2,375, USD --- USD 2,612, USD 5,948, RMB 49,253, USD % 1,630, ,630, (16,590.26) --- (16,590.26) 1,613, ,362, % 477, , (477,898.59) % 80, , (80,973.97) % 6,812, ,812, (6,812,338.40) % 8,000, ,000, (8,000,000.00) % 1,000, ,000, (67,884.51) --- (67,884.51) 932, ,717, % 79, , , , % 1,150, ,150, , , ,297, ,744, % 730, , , ,044, , % 467, , , , , ,638, USD 23,765, USD 20,574, USD (11,943,691.00) USD 2,530, USD --- USD 2,767, USD 11,161,770.1 RMB 92,419, USD 730, (5), ( ) ( ), 75.53%,,, 4(2) 88

90 (2003)0153, ( EXSIF Worldwide,Inc.) 5,000,000.00, 1,000,000.00, 20% 4,000,000.00, 80% [2003] 54 [2004] 1 10% 40% 10% ( ) ( ) 80%, 2(24) 4(3),,,,, 650,000.00, 92.37% 2(24) 4(3),,, 89

91 (4) USD (2,683,899.80) USD (1,073,559.90)USD --- USD --- USD (268,390.00) USD (1,878,729.90) USD (805,169.90) RMB (6,666,806.79) 10 (214,620.68) (85,848.23) (21,462.08) (150,234.53) (64,386.15) (533,117.32) 10 (79,614.56) (31,845.82) --- (31,845.82) --- (47,768.74) ,287, ,111, , ,905, ,382, ,006, ,549, ,339, , ,846, ,702, ,379, , , , (72,637.66) 123, ,025, , , , , (30,222.40) (12,088.96) (3,022.24) (21, (9,066.72) (75,072.44) 10 1,206, , , , , ,993, (31,262.21) (18,757.35) (3,126.20) (15,631.06) (15,631.15) ( ) 10 (2,685,889.00) (2,134,558.17) (202,311.04) (753,641.87) (1,932,247.13) (15,999,006.24) 10 87, , , , , , , , , , , ,534, , , , , , ,193, , , , , , ,060, , , , , , ,087, ,062, , , , , , ,015, , , , , , ,225, , , , , , ,021, , , , , ( ) , , , , , , Clive-Smith Cowley Limited 10 5,454, ,454, , , ,045, ,774, CIMC Australia Pty Ltd , , , , , ,109, ,624, ,624, , , ,427, ,101, , , , , , ,907, , , , , , , USD 24,195, USD 8,615, USD 10,291, USD 581, USD 2,086, USD 7,374, USD 16,239, RMB 134,461,

92 2(11), 2(11), --- 1(35), Goldbird Holding Inc. Clive-Smith Cowley Limted.60%, Clive-Smith Cowley Limited 5,454, (36), Silveroad Investment Limited CIMC Austrilia Pty Ltd.70%, CIMC Australia Pty Ltd. 919, (18), --- ( ) 91%, ( ) 2,624, (7), ( ) ( 42% 6%, ( ) ( 926, (20), CIMC Holdings (B.V.I.) Limited 75% 25%, CIMC Holdings (B.V.I.) Limited 78,

93 1(5), --- ( ) ( ) CIMC Vehicle Investment Holdings Company Limited 19.17%, 288, (1) 1(6),, 581,199.75, (5) 13. (1) USD 172,557, USD 24,008, USD 34,968, USD 7,086, USD 224,448, RMB 1,858,431, ,265, ,265, ,838, ,094, ,247, ,644, ,418, ,567, ,049,859, ,010, ,510, ,707, ,929, ,299, ,796, ,839, ,902, ,394, ,538, ,596, ,540, ,500, ,668,481.92* 114,980, ** 29,973,050 51*** 525,176, **** 4,348,465, ,640, ,389, ,771, ,140, ,660, ,588, , , ,088, ,931, ,315, ,772, ,636, ,383, ,293, ,966, , ,798, ,125, ,384, ,705, ,690, , ,478, ,297, ,609, ,409, ,228, USD 11,187,800.59* USD 26,952, USD 20,199,482.37*** 131,169, ,086,084, USD 278,272, USD 394,007, RMB 3,262,381, * **, 86,165, *** --- 1(1), 92

94 18,295,620.57, 10,966, **** 29, 16,228,096.22, 1,959, (2), (M 2 ) 8, US D 20,644, , ,656, , ,595, , ,946, , ,330, , ,979, , ,361, , ,348, , ,310, , ,553, , ,209, , , , , , , , US D 77,404, (3) USD 4,188, RMB 34,683, USD 3,166, RMB 26,218, ,037, ,994, ,883, ,878, , , , , , ,188, , ,989, USD 10,614, * RMB 87,885, USD 6,375, RMB 52,792, * 93

95 ,,,,, 9,239, (1),, 4,025, USD 8,789, USD 65,816, USD 36,427, US D 38,177, ,111, RMB 8,809, ,513, ,477, ,845, ,760, , ,943, ,463, , ,028, , , ,588, ,278, ,461, ,796, ,943, ,656, USD 20,195, USD 126,736, USD 86,165, US D 60,766, ,144, RMB 94

96 15. (1) USD 66,288, USD 28,062, USD 31,629, USD USD 1,087, USD 41,166, RMB 340,860, USD 43, ,506, , , , ,375, ,391, ,275, ,099, , ,329, ,011, ,939, USD 105,071, USD 56,047, USD 32,468, USD 17,438, USD 2,205, USD 68,872, RMB 570,263, USD 15,983, (2) ( ) , USD 2,865, USD 2,808, USD --- USD 2,751,354.26* USD 57, USD --- RMB --- USD , , , ,711.25*** , ,120, ,918, ,893,866.65*** 24, , , , ,652.17* , ,664, ,664, * 5,664,107.12* ,580, ,580, * 2,580,836.96* , ,305, ,305, ,305,556.19* , , , , , ,156, , ,632, ,632, , , ,606, ,859, , ,506, ,507, ,073,013.00*** 20, , ,428, , , , , , ,429, , , ,325, , , , ,016, , ,026, , , , ,212, , , , , , ,285, , ,073, ,073, , ,064, ,093, , , , , , ,530, ,530, ,530, ,674, , , , , , , ,066, * * 95

97 ( ) , USD 959, USD 302, USD --- USD --- USD 50, USD 252, RMB 2,089, USD --- 6, , , , , , , , , , , ,879, , , , , , ,269, , ,084, , , , ,083, , , , , , , ,137, ,816, , ,776, ,709, , , , , , ,256, , , , , , ,978, , ,956, ,956, , ,938, ,051, , , , , , ,055, , ,060, ,864, , ,823, ,095, , , , , , , ,810, , ,200, , , , ,811, , , , , , ,165, , , , , , ,029, , ,739, ,351, , ,271, ,085, , , , , , , , , , , , , ,049, ,049, ,049, ,205, , ,728, ,601, , ,566, ,973, , , , , , ,473, , ,638, ,219, , ,163, ,917, , , , , , ,312, , , , , , , , , , , ,175, , , , , , ,834, , ,182, , , , ,988, , , , , , ,507, , ,058, ,044, , ,022, ,469, Gold Terrain Assets Limited 150, , , ,245, USD 66,288, USD 28,062, USD 31,629, USD 17,438, USD 1,087, USD 41,166, RMB 340,860, USD 43, * 2(12),,, 13,265, ** 96

98 *** (3) USD 700, USD 560, USD --- USD --- USD 70, USD 490, RMB 4,057, , , , , , , , , , , , Vanguard National Trailer Corpration , , , , , , ,590.80** , , , , ,999.98* , , ,055, , , , , , , , , , , ,337.43*** --- 7, , , , , , , , Clive-Smith Cowley Limited USD 2,506, USD 885, USD 838, USD --- USD 348, USD 1,375, RMB 11,391, * KOGEL, CIMC Vehicle Investment Holdings Company Limited,, ** -, ***, 97

99 (4) ( ) 375, USD 15,393, USD 11,160, USD 769, USD 10,390, RMB 86,033, USD , ,078, ,232, ,232, ,481, ,232,034.91* 315, ,803, ,707, ,707, ,496, ,707,348.92** USD 36,275, USD 27,099, USD 769, USD 26,329, RMB 218,011, USD 15,939, *, Gold Terrain Assets Limited Topco Forestry N.V. 450,000, 18,472,014.28, 20, 75,000,,,, 1,500,000.00,,, Gold Terrain Assets Limited, 75, ,034.91, 2,232, **, Gold Terrain Assets Limited Silveroad Wood Products Limited 315,460, 17,803,752.00, 25,,, 3,000,000.00, 6,000,000.00,Gold Terrain Assets Limited,,,,Gold Terrain Assets Limited 7,707,

100 , 13,707, (5) USD 15,939, RM B 131,978, USD 7,500, RMB 49,680, , , , , USD 15,983, RMB 132,340, USD 7,543, RMB 50,042, ( ) USD 295, USD 271, USD 24, USD 44, USD 251, RMB 2,079, , , , , , , , , , , , , , , , ,048, , , , , ,329, , , , , ,279, ,930, ,161, ,458, ,585, ,033, ,560, USD 8,100, USD 3,101, USD 1,589, USD 2,311, USD 2,379, RMB 19,705, * USD 12,834, RMB 106,271, USD --- RMB --- ** 266, ,205, , ,054, *** 4,398, ,423, ,105, ,394, ,705, ,399, ,004, ,717, ,514, ,221, USD 11,495, RMB 95,182, USD 4,665, RMB 38,628, *, ( ), ( ), 10, 10,504,300.00, 2,887,700.00, 13,392,000.00, ( ) 13,392, , 2,887,

101 , 100

102 , ( ) 12,834,700.00, 4,017, **, ( ), ( ), 720,000.00, ( ), ( ) 1,063, , 343,330.00,,, ( ) 266, *** LEASE AGREEMENT ( ),, 29,419,250.00, 6,005,903.12, 15%, 4,412,887.50, 85% 25,006, ,005,903.12, 31,012,265.62,, 35,425, , 6,005,903.12,, 4,398,939.30, 101

103 * RMB 68,000, USD 8,212, RMB 68,000, %-5.22% RMB 15,700, USD 1,896, RMB 15,700, %-5.04% USD 50,925, ,925, ,659, %-3.43% USD 31,946, ,946, ,517, % EUR 184, , ,071, %-2.66% EUR ** USD 3,399, ,399, ,149, % USD RMB RMB 29,670, ,583, ,669, RMB 1,000, % RMB 36,547, ,413, ,547, % ,000, , % USD 136,965, ,965, ,134,075, %-3.43% USD 18,776, ,776, ,470, %-1.94% EUR 317, , ,571, % EUR 584, , ,091, %-2.66% USD 200,305, RMB 1,658,528, USD 61,352, RMB 507,996, * ( ) 59,387, **,,, 1,800,000.00,,,, 1,808,520.00, 80%,,, 30,, 4,021,777.56, 3,399,

104 19. US D 488, RMB 4,046, USD 44,505, RMB 368,508, ,161, ,499, , , ,243, ,413, ,836, ,209, US D 102,893, RMB 851,959, USD 46,370, RMB 383,950, (1) USD 323,563, RMB 2,679,109, % USD 190,676, RMB 1,578,803, % 1 2 2,908, ,080, % 1,312, ,865, % , ,454, % 120, , % 3 348, ,884, % 75, , % USD 327,720, RMB 2,713,528, % USD 192,184, RMB 1,591,289, % (2) 5% ( 5%) (3) 48(3) USD 25,618, RMB 212,122, % USD 8,022, RMB % 66,426, % ( 5%) USD 27,276,832.91* RMB 225,852, USD 18,145, RMB 174,741, ,245, ,953, ,184, ,010, ,814.45** 8,261, , ,261, ,209,602.21*** 283,255, ,982, ,038, USD 101,729, RMB 842,322, USD 41,310, RMB 342,053,

105 *, 27,276, ** 7,221,156.65, 997, ***,,, USD 2,656, RMB 21,996, USD 828, RMB 6,863, USD (244,056.73) RMB (2,020,789.72) USD (159,107.38) RMB (1,317, ) * (12,512,666.30) (103,604,876.96) (44,887,267.77) (371,666,577.14) 178, ,481, , , ,203, ,407, ,639, ,698, , , ,911, ,830, ,249, ,346, (178,305.89) (1,476,372.77) 550, ,556, USD 13,359, RMB 110,617, USD (37,467,702.15) RMB (310,232, ) 3 * 104

106 25. (1) USD 43,148, RMB 357,269, % USD 31,936, RMB 264,433, % 1 2 6,403, ,021, % 2,351, ,471, % 2 3 2,562, ,214, % 405, ,358, % 3 1,154, ,555, % 1,237, ,248, % USD 53,268, RMB 441,061, % USD 35,931, RMB 297,511, % (2) 5% ( 5%) 26. (1) USD 54,510, R M B ,350, USD 43,343, R M B 358,880, ,866, ,132, ,730, ,452, ,712, ,175, ,366, ,595, ,686, ,964, ,523, ,614, ,298, ,314, ,750, ,055, ,269, ,508, ,183, ,802, , ,000, , ,044, , , , ,640, ,325, ,978, , ,647, , ,249, , ,814, ,875, ,046, ,797, ,003, USD 83,543, RMB 691,742, USD 65,525, RMB 542,551, (2) 2(18),, USD 43,343, ,588, ,420, USD 54,510,

107 106

108 US D 9,661,835.75* RM B 80,000, USD --- RMB --- * 1,483,560.00* 12,283, US D 11,145, RM B 92,283, USD --- RMB --- *, ( ) 100,000,000.00, RMB 50,000, % ,000, % RMB 100,000, (2),, ( ) ( ),, ( ), 80,000,000.00, 9,661, **, American Home Assurance Company, 13,American Home Assurance Company, FMC,,,, AMERICAN HOME ASSURANCE COMPANY

109 1,483, American Home Assurance Company, 2,000,000.00,, JETWAY 34,, American Home Assurance Company,,,,,,,,, 1,483, RMB 34,000,000.00* USD 4,106, RMB 33,999, RMB 34,000,000.00* USD 4,106, RMB 34,000, RMB 42, , RMB , USD 4,148, RMB 34,350, USD 4,106, RMB 34,000, *

110 USD 45,300, USD 45,300, RMB 375,084, LIBOR USD 22,300, ,300, ,644, LIBOR +100BP RMB 130,000, ,700, ,999, % RMB 100,000, * 12,077, ,999, % RMB 13,000, ** 1,570, ,000, % RMB 20,000, *** 2,415, ,000, USD 99,363, RMB 822,727, * ( ), 800,000,000.00,, 100,000,000.00, ** 17,,,,,, 200,000,000.00, 47,000,000.00, 34,000, ***,, 20,000,000.00,, 5,000,,, 34,550,019.00, 109

111 16,228,096.22, 1,959, , USD 212, RMB 1,762,683.2 USD 212, RMB 1,762, ,918,700.00, 9,100,000.00, 1,058, ,972,711.53, 2,872,711.53, 212, USD 84, RMB 697, USD --- RMB ( ) USD 6,005, USD 769, USD --- USD 538, USD 230, RMB --- 1,912, , , , , , ,887, ,887, , ,670, ,108, USD 9,236, * USD 816, USD 2,887, USD 787, USD 2,916,589.79* RMB 24,149, * 17, 110

112 33. 3,000,000.00, [1993]925 [1994]22, 89,000,000 ( 1.00 ), 64,000,000, (A ) 12,000,000, (B ) 13,000,000, (1996) 10 [1997]62, (B ) 30,000,000 48,000,000, 173,201,398, ( ) 15,157,542, Profit Crown Assets Limited (2002) 07,, 340,201,398, 10 5, 170,100,698, 170,100, ( 20,543, ) (2002) 16, [2003]444 ( ), Profit Crown Assets Limited 102,313,410 22,736,313 (B), [2003]51 ( ) 52(6),, 111

113 [2003]121 ( ), ( ) A (A ) 120,000,000 ( 1.00 ),, 630,302,096, 378,181, ( 45,674, ) 10 6, 1,008,483,353 (2004) 26,, ( ) COSCO Container Industries Limited( ), ( ) 163,701,456, 1,056, , [2004]2013 ( ),, RMB 227,363, USD 29,484, RMB 300,119, RMB 163,701, RMB 363, USD 45,957, ,313, ,268, ,089, ,701, ,701, ,680, ,049, ,216, ,029, ,079, ,276, ,363, ,484, ,119, ,701, ,781, ,957, (A ) 189,333, ,976, ,709, , ,933, ,712, , , , , , , (B ) 213,605, ,672, ,163, ,769, ,138, ,938, ,649, ,872, , ,702, ,851, RMB 630,302, USD 78,134, RMB 541,992, RMB 163,810, RMB 1,008,483, USD 123,808,435.95, 112

114 (%) 1 COSCO Container Industries Limited * 163,701, ** 163,701, FAIR OAKS DEVELOPMENT LIMITED ** 62,772, LONG HONOUR INVESTMENTS LIMITED * 9,591, * Long Honour Investments Limited ( ) COSCO Container Industries Limited ** Fair Oaks Development Limited USD 269,582, USD --- USD 45,674,064.86* USD 223,908, RMB 1,853,964, ,326, ,326, ,266, , , , , , , , ,605,587.66** --- 3,789, ,380, , , ,000, USD 272,600, USD 3,605, USD 45,674, USD 230,531, RMB 1,908,801, * 33, 630,302,096, 45,674, **,,, USD 1,837, ( ) 973, CIMC Vehicle Investment Holdings Company Limited 363, , , CIMC Holding (B.V.I.) Limited 72, ( ) 56, (1,277.75) USD 3,605,

115 USD 41,641, USD 32,748, USD --- USD 74,389, RMB 615,946, ,001, ,083, ,085, ,039,469, ,971, ,595, ,567, ,457, USD 257,614, USD 226,427, USD USD 484,042,650.6 RMB 4,007,873, USD 30,781, RMB 254,850, USD 65,479, RMB 542,146, ( ) (1,380,620.20)* (11,431, ,529, ,389,023, ,450, ,688, ,748,266.20* 271,155, ,754, * * 72,490, ,595,895.00* 129,134, ,355, * * 36,061, ,083,784.69* 1,474,533, ,657, ** 849,999, ,926,907.78** 239,514, USD 63,956, RMB 529,535, USD 30,781, RMB 254,850, * : --- 5,341, ,892,365.05, 10% 5% 27,407, ( 226,930, ) 13,703, ( 113,465, ) 178,083, ( 1,474,533, ) 1,008,483,353, , 504,241, ( 60,898, ) 10 10,, 1,008,483,

116 2,016,966,706 **,, 630,302,096, , 239,514,796.48, 28,926,907.38, USD -- -* RMB --- USD (126,243.66) RMB (1,045,297.50) *,,, 38. (1) USD 3,251,304, RMB 26,920,801, USD 1,624,911, RMB 13,454,265, ,451, ,017, ,677, ,372, ,082, ,600, ,306, ,134, (158,168,582.40) (1,309,635,862.27) (96,201,645.67) (796,549,626.15) 3,208,669, ,567,783, ,666,693, ,800,223, ,708,205, ,423,939, ,405,494, ,637,492, ,128, ,342, ,781, ,992, ,530, ,989, ,601, ,622, (116,446,004.69) (964,172,918.83) (66,663,397.22) (551,972,928.98) 2,663,417, ,053,098, ,437,214, ,900,134, ,099, ,496,862, ,416, ,816,772, , ,674, ,896, ,380, ,552, ,611, ,704, ,512, (41,722,577.71) (345,462,943.44) (29,538,248.45) (244,576,697.17) USD 545,251, RMB 4,514,684, USD 229,479, RMB 1,900,088, (2) 1,396,043,273.00, 43.51% (3)

117 USD 15,038, RMB (4) 2004 USD 1,963, RMB 16,257, USD 1,595, RMB 13,212, USD 42,461, RM B 351,584, USD 17,041, RMB 141,105, ,928, ,571, ,507, ,125, ,617, ,076, ,915, ,936, ,533, ,980, ,918, ,802, ,850, ,161, ,219, ,056, ,926, ,515, ,835, ,757, ,863, ,987, , ,646, USD 26,543, RM B 219,782, USD 12,191, RMB 100,943, USD 8,852, RMB 73,294, USD 7,510, RMB 62,186, ,135, ,965, ,677, ,172, (353,739.80) (2,928,965.54) (702,077.24) (5,813,199.55) 1,087, ,006, ,315, ,889, USD 6,450, RMB 53,407, USD 5,445, RMB 45,091, ( ) USD USD 2,890, RMB 23,936, , RMB 8,160, , ,196, ,140, ,442, ,530, ,952, , ,993, (2,086,407.55) (17,275,454.51) (1,130,157.98) (9,357,708.07) , , , ,204,

118 (1,176,061.67) (9,737,790.63) (2,633,440.19) (21,804,884.77) (586,773.60) (4,858,485.39) USD 2,586, RMB 21,417, USD (773, ) RMB (6,401,943.53) * USD 614, * RMB 5,386, USD 676, RMB 5,604, , ** 1,841, , ,769, , *** 3,049, ,241, , **** 1,552, , ,424, USD 1,428, RMB 11,830, USD 2,178, RMB 18,040, * ( ) 3,381,603.13, 408, [2004]470, ( ) 1,704,434.48, 205, ** 277,215.48, 33, ,491,790.46, 180, ,087.00, 8, *** [2003] < >, ,995,259.94, 117

119 361, ,999.97, 36, **** 360,000.00, 43, ,673.00, 18, [2004]11, 10,000.00, 1, [2002]116, 678,560.32, 81, USD 113, RMB 937, USD 34, RMB 283, , ,182, ,015, ,410, , , , , , , , ,607, , , USD 995, RMB 8,241, USD RMB 9,439, ,140, USD -- USD 11,145,395.75* RMB 92,283, RMB --- 9,239,710.10** 76,504, ,609, ,169, ,439,383.83*** 69,878, ,543, ,622, ,196, ,904, ,648, ,927, , ,284, , , , , , , , ,282, , , USD 30,528, RMB 252,776, USD 11,988, RMB 99,267,

120 * 27, 1,483, ( ) 100,000, ,000,000.00, 9,661, ** 13(3) *** 15(4), Gold Terrain Assets Limited 8,439, / (1) 2004 USD 32,453, RMB 268,714, ,038, ,999, ,981, ,242, ,386, ,036, China Civil Aviation Materials & Equipment Co. 2,892, ,952, CMC Int'l Tending Corp 2,632, ,795, Exsif Worldwide,Inc. 2,380, ,709, ,797, ,881, ,336, ,062, ,268, ,419, USD 73,165, RMB 605,814,

121 (2) 2004 USD 29,000, RMB 240,120, ,007, ,223, ,543, ,860, ,539, ,986, ,356, ,193, ,957, ,888, Exsif Worldwide,Inc. 7,355, ,904, ,255, ,514, ,839, ,070, ,100, ,948, ,081, ,798, ,744, ,003, ,287, ,217, ,909, ,093, ,796, ,153, Meritor Hvs Ltd. 2,273, ,825, ,225, ,430, ,572, ,017, ,430, ,841, ,161, ,620, ,107, ,173, ,557, ,973, USD 150,103, RMB 1,242,859, (1) USD 334,990, * RMB 2,773,721, % 1.50% USD 4,992, USD 299,323,008.68* RMB 2,478,394, % 1.50% USD 4,489, ,577, * 319,425, % 1.50% 578, ,606.75* 799, % 1.50% 1, , * 799, % 1.50% 1, ,372.83* 1,700, % 1.50% 3, , ,283, % % 517, , ,225, % % 389, USD 374,182, RMB 3,098,230, % USD 6,090, USD 300,014, RMB 2,484,120, % USD 4,883, *, 1.5% 120

122 (2) A USD 35,743, USD 3,098,556,47 USD -- USD USD 35,743, RMB 295,959, USD 3,544, ,265, ,326, ,788, ,803, ,223,054, ,804, , ,878, ,004, ,994, USD 319,814, USD 3,098, USD 34,667,148.0 USD 388,404, USD 673,551, RMB 5,577,008, USD 3,544, B / ( ) % 76,158,496 USD28,982, USD --- USD 28,982, USD --- USD 28,982, RMB 239,973, USD --- RMB 823,273, % 3,795,000 1,162, ,162, ,162, ,627, ,208, % , , , ,139, , % --- 5,133, ,133, ,133, ,507, ,079,501.86* % , , , ,711, , USD 35,743, USD --- USD 35,743, USD --- USD 35,743, RMB 295,959, USD 3,544, RMB 853,481,

123 C ( ) ( ) ( ) ( ) 1 ( )100.00% USD 256, USD 112,278, USD --- USD 143,944, USD --- USD 255,966, USD 256,223, RMB 2,121,529, USD % 59,178, ,002, (99,903.92) --- (42,275,906.35) 16,902, ,955, % 11,625, ,693, ,900, ,282, ,956, ,350, ,919, ,653, % 16,145, ,712, ,783, ,995, ,350, ,501, ,829, % 6,048, ,167, ,441, ,305, ,561, ,304, ,797, % 8,087, ,566, ,658, ,712, ,137, ,512, ,722, % 900, , , (255,092.98) 644, ,339, % 7,600, ,071, , , ,079, ,215, ,027, % 8,230, ,559, ,012, , ,342, ,217, ,320, % 1,922, , , (826, ,095, ,070, % (865,265.21) (1,001,261.14) 3,623, (155,502.67) --- (291,498.60) 2,466, ,421, ( ) 55.00% 16,500, ,692, (2,470,541.02) --- (3,278,134.09) 13,221, ,477, CIMC USA,INC % 10,100, ,026, ,258, (5,431, ) --- (5,504,596.87) 11,853, ,148, % 2,250, ,901, ,500, ,489, ,140, ,890, ,455, % 1,812, ,812, ,937, ,211, ,211, ,961, ,481, % 10,080, ,080, ,927, ,927, ,007, ,178, % 10,000, ,000, ,000, ,800, % 7,400, ,400, ,328, ,328, ,728, ,673, % 9,317, ,317, ,816, ,816, ,134, ,149, % 3, , (854.41) --- (854.41) 2, , USD 186,591, USD 275,265, USD 59,939, USD 328,386, USD 32,788, USD 443,781, USD 630,803, RMB 5,223,054, USD

124 D USD 7,272, USD 4,065, USD --- USD --- USD 727, USD 3,935, USD 3,337, RMB 27,636, ,254, , ,293, ,961, ,237, , , , ,445, ,039, , , , , ,173, , , , , , ,557, , , , , , , , , , , , ,021, , , , , , , , USD 14,810, USD 8,804, USD 78, USD 495, USD 1,383, USD 7,806, USD 7,004, RMB 57,994, (3) ( ) USD 673, RMB 5,577, USD (58,413.48) RMB (483,663.61) 869, ,196, ,140, ,442, ,386, ,719,041, ,876, ,659, (1,383,596.60) (11,456,179.85) (1,335,778.69) (11,060,247.55) (446,061.67) (3,693,390.63) (2,633,440.19) (21,804,884.77) 433, ,587, USD 328,532, RMB 2,720,252, USD102,989, RMB852,753,

125 USD 1,428, RMB 11,830, , ,241, ,890, ,936, ,827, ,411, ,849, ,393, ( ) USD (4,707,085.82) RMB (38,974,670.60) 1,112, ,213, ( ) USD (5,819,780.79) RMB (48,187,784.95) 48. (1) A. ( ) B USD 8,855, USD --- USD 8,855, USD USD 16,682, USD --- USD --- USD 16,682, HKD 4,680, HKD --- HKD --- HKD 4,680, USD 7,700, USD --- USD --- USD 7,700, USD 9,480, USD --- USD --- USD 9,480, RMB 34,000, RMB 33,390, RMB --- RMB 67,390, USD 13,500, USD --- USD --- USD 13,500, USD 2,000, USD --- USD 2,000, USD USD 7,450, USD --- USD --- USD 7,450, USD 28,500, USD USD --- USD 28,500, USD 3,918, USD --- USD --- USD 3,918, USD 15,500, USD --- USD --- USD 15,500, USD 31,000, USD --- USD --- USD 31,000, RMB 9,910, RMB RMB --- RMB 9,910, USD 24,000, USD --- USD --- USD 24,000, USD 15,500, USD 17,700, USD --- USD 33,200, USD 30,000, USD --- USD --- USD 30,000, CIMC Holdings (B.V.I) Limited USD 34, USD --- USD --- USD 34, RMB 5,340, RMB 100,000, RMB --- RMB 105,340, USD 10,000, USD --- USD --- USD 10,000, RMB 20,000, RMB 30,000, RMB --- RMB 50,000, USD 20,300, USD 7,540, USD --- USD 27,840, USD 39,060, USD --- USD --- USD 39,060, RMB --- RMB 30,000, RMB --- RMB 30,000, RMB --- RMB 16,000, RMB --- RMB 16,000,

126 26 RMB 150,000, RMB --- RMB --- RMB 150,000, RMB 5,000, RMB --- RMB --- RMB 5,000, RMB 5,000, RMB --- RMB --- RMB 5,000, USD USD --- USD --- USD RMB 30,000, RMB --- RMB --- RMB 30,000, CIMC USA,INC. USD USD USD --- USD USD 7,230, USD 4,770, USD --- USD 12,000, ( ) HKD 2,000, HKD --- HKD --- HKD 2,000, USD 3,000, USD 6,000, USD --- USD 9,000, USD --- USD 6,800, USD --- USD 6,800, HKD 2.00 HKD HKD --- HKD Vanguard International Trailer Corpration USD USD --- USD --- USD USD 2,100, USD 7,900, USD --- USD 10,000, USD 8,000, USD 9,400, USD --- USD 17,400, USD 6,812, USD 8,187, USD --- USD 15,000, USD --- USD 20,000, USD --- USD 20,000, RMB --- RMB 60,000, RMB --- RMB 60,000, RMB --- RMB 3,000, RMB --- RMB 3,000, USD --- USD 11,500, USD --- USD 11,500, USD --- USD 12,000, USD --- USD 12,000, USD --- USD 4,000, USD --- USD 4,000, RMB --- RMB 35,000, RMB --- RMB 35,000, RMB --- RMB 9,000, RMB --- RMB 9,000, USD --- USD 6,000, USD --- USD 6,000, HKD 10, HKD HKD --- HKD 10, Gold Terrain Assets Limited USD 1.00 USD --- USD --- USD Goldbird Holding Inc. USD 50, USD --- USD --- USD 50, Silveroad Investment Limited USD 50, USD --- USD --- USD 50, Silveroad Investment (Hong Kong)Limited HKD 10, HKD --- HKD --- HKD 10, Silveroad Wood Products Limited USD 8, USD --- USD --- USD 8, Highfield Development (Hong Kong)Limited HKD 10, HKD --- HKD --- HKD 10, Silveroad Development Company Limited RIEL --- RIEL --- RIEL --- RIEL Highfield Development Corp. USD 50, USD --- USD --- USD 50, Global World Limited USD 50, USD --- USD --- USD 50, Supercrown Enterprise Inc. USD 1.00 USD --- USD --- USD SFG 3,000, SFG --- SFG --- SFG 3,000, Topco Forestry N.V. SFG 3,000, SFG --- SFG --- SFG 3,000, Lumprex Suriname N.V. SFG 1,200, SFG --- SFG --- SFG 1,200, Clive-Smith Cowley Limited GBP GBP --- GBP --- GBP CIMC Australia Pty Ltd. AUD 50, AUD --- AUD --- AUD 50, CIMC Vehicle Investment Holdings Company Limited USD 1.00 USD --- USD --- USD Speedic Enterprise Corp. USD 50, USD --- USD --- USD 50,

127 C (%) (%) (%) (%) 1 USD 5,826, % USD USD 5,826, % USD USD 18,844, % USD 34,165, USD 5,477, USD 47,531, % 3 USD (26, ) 85.00% USD 5, USD 39, USD (61,247.02) 85.00% 4 USD 10,630, % USD 15,900, USD 1,902, USD 24,628, % 5 USD 10,885, % USD 20,566, USD 4,406, USD 27,046, % 6 USD USD 13,284, % USD 899, USD 12,384, % 7 USD 2,676, % USD 2,748, USD USD 5,424, % 8 USD (7,094,398.49) % USD USD (7,094,398.49) % USD USD USD 8,554, % USD 280, USD 8,273, % 10 USD 13,219, % USD 19,227, USD USD 32,446, % 11 USD (392, ) 73.00% USD 48, USD USD (344,667.61) 73.00% 12 USD 8,676, % USD 6,202, USD USD 14,879, % 13 USD 40,709, % USD 6,623, USD 9,021, USD 38,311, % 14 USD USD USD USD USD 14,319, % USD 25,785, USD 4,742, USD 35,362, % 16 USD 43,522, % USD 131,896, USD 22,608, USD 152,810, % 17 ( ) USD 25,502, % USD (12,347,755.58) --- USD USD 13,155, % 18 CIMCHOLDINGS(B.V.I.)LIMITED USD 113, % USD (496,681.60) --- USD USD (382,703.67) % 19 USD USD 13,889, % USD USD 13,889, % 20 USD 15,885, % USD 7,432, USD 7,961, USD 15,356, % 21 USD (575,677.16) % USD 3,467, USD USD 2,891, % 22 USD 26,988, % USD 35,103, USD 5,410, USD 56,682, % 23 USD 48,035, % USD 7,896, USD 12,997, USD 42,933, % 24 USD USD 5,667, % USD USD 5,667, % 25 USD USD 1,629, % USD USD 1,629, % 26 USD 18,191, % USD 7, USD USD 18,198, % 27 USD 2,691, % USD 318, % USD 2,239, USD 770, % 28 USD 385, % USD (151,341.40) --- USD USD 234, % 29 USD 265, % USD 379, USD USD 644, % 30 USD 3,061, % USD (536,526.84) 8.00% USD USD 2,525, % 31 CIMCUSA,INC. USD 10,026, % USD 6,411, USD USD 16,438, % 32 USD USD 24,072, % USD USD 24,072, % 33 ( ) USD 74,307, % USD 24,297, USD USD 98,604, % 34 USD 2,535, % USD 13,318, USD USD 15,854, % 35 USD USD USD USD USD USD (2,477.28) --- USD USD (2,477.28) % 37 VanguardNationalTrailerCorporation USD 6,495, % USD (4,584,468.14) --- USD USD 1,911, % 126

128 (%) (%) (%) (%) 38 USD 1,404, % USD 7,461, USD 210, % USD 8,656, % 39 USD 8,000, % USD 20,004, USD USD 28,004, % 40 USD 6,812, % USD 16,468, USD USD 23,281, % 41 USD USD 16,000, % USD USD 16,000, % 42 USD USD 7,142, % USD USD 7,142, % 43 USD USD 361, % USD USD 361, % 44 USD USD 10,797, % USD USD 10,797, % 45 USD USD 12,000, % USD USD 12,000, % 46 USD USD 2,000, % USD USD 2,000, % 47 USD USD 4,227, % USD USD 4,227, % 48 USD USD 1,086, % USD USD 1,086, % 49 USD USD 3,070, % USD USD 3,070, % 50 USD 149, % USD (149,022.14) --- USD USD % 51 GoldTerrainAssetsLimited USD (25,240, ) % USD (9,433,373.43) --- USD USD (34,673,514.28) % 52 GoldbirdHoldingInc. USD USD % USD USD % 53 SilveroadInvestmentLimited USD USD (37,733.54) % USD USD (37,733.54) % 54 SilveroadInvestment(HongKong)Limited USD USD USD USD SilveroadWoodProductsLimited USD USD USD USD HighfieldDevelopment(HongKong)Limited USD USD USD USD SilveroadDevelopmentCompanyLimited USD USD USD USD HighfieldDevelopmentCorp. USD USD USD USD GlobalWorldLimited USD USD USD USD SupercrownEnterpriseInc. USD USD USD USD USD USD USD USD TopcoForestryN.V. USD USD USD USD LumprexSurinameN.V. USD USD USD USD Clive-SmithCowleyLimited USD USD 1,539, % USD 292, USD 1,247, % 65 CIMCAustraliaPtyLtd. USD USD 67, % USD USD 67, % 66 CIMCVehicleInvestmentHoldingsCompanyLimited USD USD 593, % USD USD 593, % 67 SpeedicEnterpriseCorp. USD USD 50, % USD USD 50, % D KYH Steel Holding Ltd 127

129 (2) A KYH Steel Holding Ltd USD 18,293, USD 5,980, , B USD 18,880, USD 5,980,214.54, USD 52,075, USD 17,757, ,299, ,285, ,077, ,140, ,000, ,867, ,000, ,150, ,000, ,247, ,913, ,677, ,000, ,346, ,000, ,424, ,500, ,066, ,057, ,435, ,500, ,278, ,000, ,280, ,000, , ( ) 45,978, ,247, USD 270,400, USD 147,165, C,, CIMC Holdings (B.V.I.) Limited CIMC Holdings (B.V.I.) Limited ( ) 128

130 ( ) ( ) /2004 CIMC Holdings (B.V.I.) Limited USD USD 4,000, USD --- USD --- 4,545, CIMC Holdings (B.V.I.) Limited USD USD 16,000, USD --- USD ,498, CIMC Holdings (B.V.I.) Limited USD USD 12,000, USD 113,685, USD 11,755, ,656, ( ) USD RMB 3,000, USD --- USD (7, ) ( ) ( ) USD RMB 67,390, USD 104,233, USD 5,710, ,656, D USD --- USD 36, , , , USD 29, USD 70, (3) KYH Steel Holding Ltd USD 88, % USD 97, % 108, % USD 196, % USD 97, % 129

131 49. (1) 27, FMC, AMERICAN HOME ASSURANCE COMPANY( ),, AMERICAN HOME ASSURANCE COMPANY 1,483,560.00, AMERICAN HOME ASSURANCE COMPANY 2,000,000.00, (2), ( ) ( ),,, 100,800, ( ), 30%,,, 35,921, (3), ( ), 1,540,000.00,,, 130

132 (4), ( ) ( ),,, 50, ( ) 64,250,000.00, ( ) ( ) 5% 15 45% 25% 15 25%, [2004]203, ( ) CIMC Vehicle Investment Holdings Company Limited, 80,000,000.00, 1,600,000.00, 2% ( ) 30,400,000.00, 38% CIMC Vehicle Investment Holdings Company Limited 48,000,000.00, 60% ( ),, ( ), ( ), ( ) 24,093,750.00, ( ) 30,400, (5), 8,500, 160,000,000.00, ( ) CIMC 131

133 Vehicle Investment Holdings Company Limited,,, 87,845,915.13, (6), 124,062, (7),, 79,546, (8), USD 27,450, USD 3,204, ,873, ,082, ,845, ,926, ,653, ,915, ,762, ,556, USD 180,585, USD 22,686, ( ), 30%,,,,, 1,424,858.83, 172, (1) ---, 132

134 133 ( ) CIMCHoldings(B.V.I.)Limited ( ) CIMCHoldings(B.V.I.)Limited CIMCHoldings(B.V.I.)Limited CIMCHoldings(B.V.I.)Limited ( ) ( ) ( ) (2), ( ), ( ) 40%, ( ( ) ), ( ) 20%, ( ) ( ) 20% 40% 40%,, ( ) 40%, ( ) 20%,,,, ( ( ) ),,

135 [2003]10 [2003]215,, ( ) 200,000.00, 6,800,000.00,, (2004) ( ),( ),, ( ) ( ), ( ) ( ( ) 40%, 1.00 [2004]175 [2004]9, ( ) ( ),( ),,, (3),, 134

136 150,000,000.00,, 1,517,200,000.00,, ING BANK N.V.( ), ING BANK N.V. 100,000,000.00,, 1,517,200,000.00,, 2,000,000, ( ), (4), (2004)177 < >,,,,, (5), ( ( ) ( ) / ) RMB 32, RMB 32, RMB % 41, , (21, ) 49% 22, , (3, ) 82% 14, , (2, ) 80% 135

137 23, , % 19, , (3, ) 82% 24, , (1, ) 92% RMB 177, RMB 143, RMB (33, ) 81% 52. (1), [2005]0004 [2005]005, Speedic Enterprise Corp., 48,780,000.00, 20,000,000.00,Speedic Enterprise Corp. 28,780,000.00, 41% 59%, , Speedic Enterprise Corp. (2), 2,000,000, (3) --- 1(34), ( ) 11,829, (4) [2004]203, ( ), 30,400, (5), [2004]277 < >< >, 10,000,

138 , ( ) 5,000,000.00,CIMC Vehicle Investment Holdings Company Limited 5,000,000.00, 50% [2004]57331, , ( ) 12,414, (6) 33, --- Profit Crown Assets Limited 102,313,410 22,736,313 (B) (B) B (7), [2005] ,

139 ( ) ( ) USD 145, RMB 1,204, USD (2,594,161.32) RMB (21,479,655.73) 138

140 ( ) ( ) / % 71.02% USD 0.54 USD 0.62 RMB 4.47 RMB % 47.43% USD 0.36 USD 0.41 RMB 2.99 RMB % 37.61% USD 0.29 USD 0.33 RMB 2.37 RMB % 38.37% USD 0.29 USD 0.33 RMB 2.42 RMB / % 56.37% USD 0.36 USD 0.44 RMB 2.99 RMB % 28.67% USD 0.18 USD 0.22 RMB 1.52 RMB % 20.42% USD 0.13 USD 0.16 RMB 1.08 RMB % 20.10% USD 0.13 USD 0.16 RMB 1.07 RMB

141 ( ) ( ) USD 11,316, USD 7,188, USD - USD 3,580, USD 3,580, USD 14,923, USD 10,133, USD 4,440, USD USD 3,535, USD 3,535, USD 11,038, USD 1,182, USD 2,747, USD - USD 44, USD 44, USD 3,885, USD - USD 1,650, USD - USD -USD - USD 1,650, USD - USD 1,650, USD USD -USD - USD 1,650, USD - USD - USD - USD -USD - USD - USD 3,000, USD 556, USD - USD 898, USD 898, USD 2,658, USD 184, USD 351, USD - USD USD - USD 535, USD 21, USD 49, USD - USD USD - USD 71, USD 355, USD 155, USD - USD 200, USD 200, USD 310, USD 1,303, USD - USD - USD 59, USD 59, USD 1,243, USD - USD - USD - USD USD - USD - USD 1,136, USD - USD - USD 638, USD 638, USD 497, USD - USD - USD - USD USD - USD - USD 3,179, USD 1,095, USD - USD -USD - USD 4,274, USD 3,179, USD 1,095, USD - USD -USD - USD 4,274,

142 USD - USD - USD - USD -USD - - USD 6,375, USD 9,239, USD - USD 5,001, USD 5,001, USD 10,614, USD 3,166, USD 3,514, USD - USD 2,491, USD 2,491, USD 4,188, USD 2,883, USD 5,571, USD - USD 2,417, USD 2,417, USD 6,037, USD 85, USD 1, USD - USD 84, USD 84, USD 2, USD 240, USD 153, USD - USD 8, USD 8, USD 385, USD 7,543, USD 8,439, USD - USD -USD - 15,983, USD 43, USD - USD - USD -USD - 43, USD 7,500, USD 8,439, USD - USD -USD - 15,939, USD - USD - USD - USD -USD - - USD - USD - USD - USD -USD - - USD - USD - USD - USD -USD

143 ( ) ( ) / / USD 179,126, USD 85,281, % 2. USD 590,641, USD 391,645, % 3. USD 109,420, USD 66,201, % 4. USD 554,295, USD 177,996, % 5. USD 525,176, USD 391,500, % 6. USD 200,305, USD 61,352, % 7. USD 102,893, USD 46,370, % 8. USD 327,720, USD 192,184, % 9. USD 123,808, USD 78,134, % 10. USD 3,208,669, USD 1,666,693, % 10. USD 2,663,417, USD 1,437,214, % 11. USD 134,695, USD 65,258, % 12. USD 30,528, USD 11,988, % 13. USD 37,068, USD 13,213, % 1,

144 ( ) ( ) ( ) 6 7., 8.,

145 ( ) ( ) 1 50%, 20% 50%, 1 (1) (2) USD 16,682, USD 11,909, %, HKD 4,680, HKD 3,978, % 4 (3) USD 7,700, USD 4,381, % 5 (4) USD 9,480, USD 4,977, % 6 (5) RMB 67,390, RMB 50,899, % USD 13,500, USD 13,500, % 8 (6) (7) USD 18,930, USD 9,855, %, 10 (37) USD 28,500, USD 13,500, %, ( ),, ( ) USD 3,918, USD 2,860, % USD 15,500, USD 12,855, % USD 31,000, USD 22,320, % 14 (5) RMB 9,910, RMB 7,485, % 15 (8) USD 24,000, USD 9,600, %, 144

146 ( ) ( ) ( ) 16 (9) USD 33,200, USD 33,200, %, 17 ( )(10) USD 30,000, USD 30,000, % 18 CIMC Holdings (B.V.I.) Limited USD 34, USD 34, % 19 (11) RMB 105,340, RMB 100,000, % 20 CIMC Vehicle Investment (12) USD 50, USD 50, % --- Holdings Company Limited 21 Speedic Enterprise Corp. (13) 1998 USD 50, USD 50, % 22 (14) USD 10,000, USD 5,690, % 23 (15) RMB 50,000, RMB 50,000, % 24 (16) USD 27,840, USD 26,300, % 25 (17) USD 39,060, USD 34,880, % 26 (18) RMB 30,000, RMB 27,300, % 27 (19) RMB 16,000, RMB 16,000, % RMB 150,000, RMB 150,000, % 29 (38) RMB 5,000, RMB 5,000, %, RMB 5,000, RMB 4,897, % USD USD 900, %. 32 (39) RMB 30,000, RMB 30,000, % 33 CIMC USA,INC USD USD 10,100, % (20) USD 12,000, USD 12,000, %, 145

147 ( ) ( ) ( ) 35 ( ) --- HKD 2,000, HKD 2,000, %, 36 (21) USD 9,000, USD 9,000, % (22) USD 6,800, USD 5,440, % HKD 2.00 HKD % Vanguard National Trailer Corporation USD USD 4,000, % (23) USD 10,000, USD 5,690, % ( ) 41 (24) USD 17,400, USD 17,400, % (, ) 42 (25) USD 15,000, USD 15,000, % 43 (26) USD 20,000, USD 16,000, % 44 (27) RMB 60,000, RMB 60,000, % 45 (28) RMB 3,000, RMB 3,000, % 46 (29) USD 11,500, USD 10,792, %, 146

148 ( ) ( ) ( ) 47 (30) USD 12,000, USD 12,000, % 48 (31) USD 4,000, USD 2,000, % 49 (32) RMB 35,000, RMB 35,000, % 50 (33) RMB 9,000, RMB 9,000, % 51 (34) USD 6,000, USD 6,000, %, HKD 10, HKD 2,373, % Gold Terrain Assets Limited --- USD 1.00 USD % Goldbird Holding Inc. --- USD 50, USD 50, % Silveroad Investment Limited --- USD 50, USD 50, % Silveroad Investment (Hong Kong) Limited --- HKD 10, HKD 10, % Silveroad Wood Products Limited 58 Highfield Development (Hong Kong) Limited 59 Silveroad Development Company Limited --- USD 8, USD 8, % HKD 10, HKD 10, % USD --- USD % Highfield Development Corp. --- USD 50, USD 50, % Global World Limited --- USD 50, USD 50, % Supercrown Enterprise Inc. --- USD 1.00 USD % SFG 3,000, SFG 3,000, % Topco Forestry N.V. --- SFG 3,000, SFG 3,000, % Lumprex Suriname N.V. --- SFG 1,200, SFG 1,200, % Clive-Smith Cowley Limited (35) --- GBP GBP % CIMC Australia Pty Ltd. (36) --- AUD 50, AUD 50, %

149 ( ) ( ) ( ) (1),, [2004]68,, (2004) 4, (2004) 0943, (2),, (3) CIMC Holdings (B.V.I.) Limited,,CIMC Holdings (B.V.I.) Limited CIMC Holdings (B.V.I.) Limited,, (4),, 148

150 149 ( ) ( ) ( ) (5), ( ), ( ) 100%, ( ) 13.5%, ( ), 13.5%, ( ) ( ), 5,000, ,910,000.00, ( ) ( ) 9.95% 37.66% 8.75% 34,000, ,390,000.00,, ( ) ( ) 9.95% 37.66% 8.75%

151 150 ( ) ( ) ( ) ( ) ( ) [2003]123 ( ) ( ) [2004]16 1(19) ( ) 100% 12.36%, 68.72%

152 ( ) ( ) ( ) KIC ( ), ( ) KIC 13.5%, ( ) KIC 70%,, KIC CIMC Vehicle Investment Holdings Company Limited ( ), KIC 6.81% CIMC Vehicle Investment Holdings Company Limited, 70% ( ) KIC,, 75.53% ( ),, ( ) 151

153 ( ) ( ) ( ) (6),,, ( ), (7), ( ), ( ) 42%, ( ), ( ) 6%, ( ), ( ),,,CIMC Vehicle Investment Holdings Company Limited ( ), ( ) 19% 6% CIMC Vehicle Investment Holdings Company Limited, 50%, 152

154 ( ) ( ) ( ), CIMC Vehicle Investment Holdings Company Limited 15,000,000.00,, ( ) 5,200,000.00,CIMC Vehicle Investment Holdings Company Limited 6,278, [2004]225,CIMC Vehicle Investment Holdings Company Limited 6,278,100.00, (2004) ,, 71.78% ( ),, ( ) (8) ( ),, ( ) ( ) 153

155 ( ) ( ) (9), 15,500, ,200,000.00, 17,700,000.00,, (2004) 25 (2004) 33 (10) ( ), ( ) (11), ( ) CIMC Vehicle Investment Holdings Company Limited, 5,340, ,340,000.00, ( ) CIMC Vehicle Investment Holdings Company Limited (2004) 35 97,382,119.69, 5,340,000.00, 49% ( ) CIMC Vehicle Investment Holdings Company Limited 50,000,000.00, 25.5% [2004]133, (2004)

156 ( ) ( ) ( ),,, (12) CIMC Vehicle Investment Holdings Company Limited ( KELLYWOOD INTERNATIONAL INC.) ( ) (13) Speedic Enterprise Corp. ( ) (14) CIMC Holdings (B.V.I.) Limited,,CIMC Holdings (B.V.I.) Limited CIMC Holdings (B.V.I.) Limited,, (15),, 30,000,000.00,, 20,000, ,000,000.00, 98% 2% 155

157 ( ) ( ) ( ), (2004) 27 (16), 20,300, ,840,000.00, 1,540,000.00,CIMC Holdings (B.V.I.) Limited 6,000, [2004]007 [2004]209, [1999]001, CIMC Holdings (B.V.I.) Limited 405,980.00, CIMC Holdings (B.V.I.) Limited 5,594, CIMC Holdings (B.V.I.) Limited 6,000,000.00,, 283,333,,, 156

158 157 ( ) ( ) ( ) (17) ( ),, ( ), ( ), (18), ( ) ( ), ( ) ( ) 60%, ( ), ( ) 14% 4.5% 9% 1.5% 1% 1%, ( ) 50%,,,,

159 ( ) ( ) ( ) (19), ( ), ( ) 75% 25%, ( ) 13,302,667.00, 1,606, ,434,223.00, 535,534.18, (20),, ( )75%,BANBO LIMITED CIMC Holdings (B.V.I.) Limited,CIMC Holdings (B.V.I.) Limited BANBO LIMITED 25% [2003]291,BANBO LIMITED 1,800,000.00, (2003) 030,BANBO LIMITED 270,000.00, 1,530,

160 ( ) ( ) ( ),CIMC Holdings (B.V.I.) Limited BANBO LIMITED 277, ,585,385.90,CIMC Holdings (B.V.I.) Limited BANBO LIMITED 1,530,000.00, (2004) 031, 12,000,000.00, 3,570,000.00,CIMC Holdings(B.V.I.) Limited 1,200,000.00,, (2004) 066 (21),, 3,000, ,000,000.00,, [2004] 32 (22) 51(2), ( ) ( ) 40% 159

161 ( ) ( ) ( ),,, 6,800,000.00,, (2004) 005,,,, (23), CIMC Holdings (B.V.I.) Limited,CIMC Holdings (B.V.I.) Limited 10% [2004]16, 66.90% 56.90%,CIMC Holdings (B.V.I.) Limited 160

162 ( ) ( ) ( ), 2,100, ,000,000.00, [2004] 167, CIMC Holdings (B.V.I.) Limited,, (24), [2003] 0564, CIMC Holdings (B.V.I.) Limited 15,000,000.00,CIMC Holdings (B.V.I.) Limited 33.33% 66.67%,CIMC Holdings (B.V.I.) Limited 10,000,000.00, (2003) 42 (2004) 43 CIMC Holdings (B.V.I.) Limited < >, 17,400,000.00,CIMC Holdings (B.V.I.) Limited 7,400,000.00, (2004) , ,301, ( 7,400, ),, CIMC Holdings (B.V.I.) Limited 57.47% 42.53% 161

163 ( ) ( ) ( ),,,, (25), [2003] 366, ---CIMC Holdings(B.V.I.) Limited 15,000,000.00, 3,750,000.00, 25% CIMC Holdings(B.V.I.) Limited 11,250,000.00, 75%,, [2003]1346 [2004]1118 (26), (2004) 129, CIMC Holdings(B.V.I.) Limited 20,000,000.00, CIMC Holdings(B.V.I.) Limited 50%, CIMC Holdings(B.V.I.) Limited 16,000,000.00, [2004] [2005]

164 ( ) ( ) ( ) (27), [2004] 0005 [2004] 0114, ( ) CIMC Vehicle Investment Holdings Company Limited 60,000,000.00, ( ) CIMC Vehicle Investment Holdings Company Limited 75% 25%,, (2004) 15 (28), (2004) , ( ) 3,000,000.00, ( ) 99% 1%,, (2004) 17 (29), [2004]0551 [2004]185, ( ), 11,500,000.00, 163

165 ( ) ( ) ( ) 6,610,000.00, 57.48% 1,990,000.00, 17.30% ( ) 2,900,000.00, 25.22% [2004] (30), [2004]123 (2004) 57, ( ), 12,000,000.00, ( ) 70% 30%,, (2004) 61 (31), [2004]112, CIMC Holdings(B.V.I.) Limited 4,000,000.00, CIMC Holdings(B.V.I.) Limited 50%,CIMC Holdings(B.V.I.) Limited 2,000,000.00, [2004] 3-29, 164

166 ( ) ( ) ( ) (32), [2004]301, [2004]0098, ( ) CIMC Vehicle Investment Holdings Company Limited 35,000,000.00, ( ) CIMC Vehicle Investment Holdings Company Limited 51% 49% [2005] 01 (33), 9,000,000.00, 90% 10%,, (2004) 1007 (34), [2004]0024 [2004]216, ( ) CIMC Vehicle Investment Holdings Company Limited 6,000,000.00, ( ) CIMC Vehicle Investment Holdings Company Limited 50% 165

167 ( ) ( ) ( ), ( ) CIMC Vehicle Investment Holdings Company Limited 1,500, ,000,000.00, ( ) 11,829, (35), Goldbird Holding Inc Martin Clive-Smith,Goldbird Holding Inc. Martin Clive-Smith Clive-Smith Cowley Ltd 60%, 3,004, ,643.61, 5,977,638.20, ( ) Goldbird Holding Inc Martin Clive-Smith (36),QY Investment and Development Co. Ltd. Silveroad Investment Limited Transportlink Pty Ltd.,Silveroad Investment Limited QY Investment and Development Co. Ltd. Transportlink Pty Ltd.70%, ( ) Silveroad Investment Limited QY Investment and Development Co. Ltd.,Transportlink Pty Ltd. CIMC Australia Pty Ltd., 166

168 ( ) ( ) ( ) (37) CIMC Holdings (B.V.I) Limited,, CIMC Holdings (B.V.I) Limited (2003) 1396 (38) % 60% 100% (39) 30,000,000.00, 80% ; 20% --- 1(38), 60% 100%, 92% 100% 167

169 ( ) ( ) ( ) 2 50% 1 KYH STEEL HOLDING LTD USD 9,351, USD 3,336, % * USD 2,080, USD 1,571, % 3 * USD 1,000, USD 100, %, 4 * RMB 650, RMB 650, %,,, RMB 30,000,000.0 RMB 13,500, %, * USD 5,000, USD 1,000, * 12 3 ( ) ( ) % 168

170 ( ) 1,, 2,, / USD 908, USD 297, (2,306.00) (743.00) , (4,055.00) -- 3 (6,325.00) (3,885.00) -- (1,154.00) (110.00) (2,054.00) (382.00) (6,030.00) (9,175.00) / USD 902, USD 288,529.00, 169

171 170