166 (02) (03) (07) (07) (02) stock.evergreen.com.tw (02) 2505

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2 166 (02) (03) (07) (07) (02) stock.evergreen.com.tw (02) E - MA I [email protected] (02) E - MA I [email protected] (02)

3 2 壹 致 股 東 報 告 書 貳 公 司 簡 介 參 公 司 治 理 報 告 肆 募 資 情 形 伍 營 運 概 況 陸 財 務 概 況 柒 財 務 狀 況 及 經 營 結 果 之 檢 討 分 析 與 風 險 事 項 捌 特 別 記 載 事 項

4 ( ) Alphaliner % Alphaliner TEU 11.6% 99 2

5 2010 Annual Report ( ) 99 3

6

7 2010 Annual Report ( ) % ( ) % 25.22% 89.07% ( )4.94 5

8 ( )

9 2010 Annual Report Cargonews Asia - ( ) 100 7

10 ( ) % Drewry % 8

11 2010 Annual Report 4.2% 4.4% 2.3% 3.0% 2. Alphaliner % % 9

12 壹 致股東報告書 三 受到外部競爭環境 法規環境及總體經營環境影響 ( 一 ) 外部競爭環境 1. 據統計 2011 年全球運能成長幅度低於 2010 年 但由於 2011 年大型新船的數量多 市場預期將會造成遠歐航線與太平洋航線的運能供過於求 2. 部份區域型船公司利用低價租船跨足東西向遠洋航線 並主打廉價訴求 影響遠洋市 場的競爭態勢 3. 基於貨量成長的預期 2010 年底與 2011 年初的冬季減艙比率低 艙位供需失衡造成 運價下滑的壓力 ( 二 ) 法規環境 1. 中國與東協國家的自由貿易協定促進雙邊的經貿交流 為亞洲近洋市場注入持續成長 的動能 2. 繼早收清單之後 兩岸在 ECFA 的架構下 協商擴大關稅減免的適用範圍 刺激兩岸 航線的貨量成長 3. 中國的 十二五規劃 可望提升人均所得與進口貨量 此外 並可縮小與出口的差距 減少空櫃搬運成本 10

13 2010 Annual Report ( 三 ) 總體經濟環境 1. 隨著全球的經濟景氣復甦 預期消費需求將持續回升 帶動市場貨量成長 2. 因石油等原物料以美元計價 美國量化寬鬆的貨幣政策導致美元貶值 引發油價上漲 3. 中東與北非的政治動亂造成國際油價攀升 加重船公司的成本負擔 四 未來公司發展策略 本公司向來以提供安全 便捷 貼心的運送服務為職志 在新的一年 除了感謝股 東們長期以來的託付與信任 更將以穩健的步伐 迎接經營環境的挑戰 面對市場變化與同業競爭 唯有持續提升競爭力 方能開創營運新局 因此本公司 將以客戶的需求為基礎 除了維持高效率的運輸服務之外 更將持續電子商務的研發 讓服務品質能夠與時俱進 以優質的服務維繫客戶的支持 基於永續經營的理念 為奠定公司未來的成長潛力 我們將持續研究造船與租船市 場的走向 掌握適當的時機 進行船隊的擴充 為將來的成長作好準備 11

14 / ( ) 61 / ( ) / 65 / / 68 / / 71 G 12

15 2010 Annual Report 73 / 74 / / / / / / / / / / / / 13

16 86 / / / NK / 87 / / (DNV) ISO-9001:2000 ( )(TESCO) 14

17 2010 Annual Report TEU 91 / / (NUE) / / (WAE) CMA CGM / ANLHANJIN / / (Environmental Excellence Award) ZIM / ZIM / (Safety, Quality & Environmental Management) ISO 9001: CMA CGM / CMA CGM Lloyd's List (Excellence in Commitment to Training) LOG NET First Annual LOG-NET E-Commerce Excellence Award 15

18 Hapag- Lloyd Simatech Shipping & Forwarding LLC / / S 93 LOG NET 2004 (LOG-NET E-Commerce Excellence Award) Hapag Lloyd TEU 94 PCT (Cosco) / / (JHX) FRS Global Marine Russia Limited(GMR)

19 2010 Annual Report 95 (FRS) / / CIX / / (THX) / / CUE / (CSI) (ECSA) (ESA) 2006 / / / / / / 96 / / (ESA) / (FAX) / (SRS / (NSE/NS6) / (AEM)

20 / (AU3) 97 / (CEM) / (KHP) (TFS) / (JAS) / / (TCA) / (FPS) (Wal-Mart Stores Inc.) 2007/2008 (AFS) / / (JTP) / (AANAAS) (EGDL) 2008 / / (UAE) / / (CPS) / (HBT) 98 Sea Consortium Pte Ltd. (ASX) (GF1) (GF2) / (NSA) / (NSB) (ESA) / (CEM) / (AUE2) / / / (HTW) 18

21 2010 Annual Report / / (ESA) / (CSE) CKYH / (TAE) Lloyd's List (The Corporate Social Responsibility Award) Norasia / (FEM) / (PNW) Simatech / (EAF) / (CPS2) / (HBS) / (AEX7) L Simatech / / AGI / / (JVT) Lloyd's List Newsmaker of the year MCC Transport / (MBS) Simatech / (CIX2) 19

22 ( ) / / / / ( ) / / 20

23 2010 Annual Report ( ) STOCKHOLDERS MEETING PUBLIC RELATIONS DIV. SUPERVISORS PERSONNEL DIV. BOARD OF DIRECTORS CHAIRMAN VICE CHAIRMAN CLINIC DIV. FINANCE DIV. GENERAL AFFAIRS DEPT. AUDITING DIV. LABOR SAFETY & HEALTH DIV. PRESIDENT INTERNATIONAL COORDINATING DIV. INTERNATIONAL BUSINESS DIV. LOGISTICS DIV. PROJECT DIV. MARINE DIV. ENGINEERING DIV. KAOHSIUNG TERMINAL DIV. 21

24 ( ) ( ) ( 1) ( 2) ( 2) ( ) , , ( ) ( ) , , ,852, ,852, ( 3) , ( ) ( ) ,535, ,535, ,494, ( ) ( ) ( ) , , ,241, ( ) ( ) ( ) ,852, ,852, ( 3) ( ) 22

25 2010 Annual Report ( ) ( 1) ( 2) ( 2) ( ) , , ( 4) ( ) ( ) ,852, ,852, ( 3) ,653, ,302, ( 5) ( ) ( ) ( ) ( ) ,111, ,111, ( ) ( 6) , ( ) ( ) ( ) ( ) ( ) ,111, ,111, ( ) ( ) ( ) ( ) ,060,938, ,157,653,

26 (56.33%) (20%) (20%) (0.28%) (0.24%) (0.12%) (0.12%) (0.08%) (0.08%) (0.07%) 20%20%20% 20%20% 100% 1 2 ( ) (19.32%) (14.41%) (5.00%) (3.04%) (3.02%) (2.30%) (1.61%) (1.47%) (1.31%) (0.93%) (28.86%) (16.67%) (12.9%) (12.19%) (7.14%) (5.81%) (5.1%) (5%) (5%) (1.33%) Venezio Investments Pte. Ltd.(43.74%)Citibank Nominees Singapore Pte Ltd (11.19%)DBS Nominees Pte Ltd (9.32%) HSBC (Singapore) Nominees Pte Ltd (4.36%)Raffles Nominees (Pte) Ltd (4.17%)DBSN Services Pte Ltd (3.51%)United Overseas Bank Nominees Pte Ltd (3.28%)Morgan Stanley Asia (Singapore) (0.59%)DBS Vickers Securities (S) Pte Ltd (0.41%) BNP Paribas Securities Services Singapore (0.40%) 1 2 ( ) 24

27 2010 Annual Report ( 1 ) ( 2 ) (1) (2) ( ) (3) (4) (5) (6) (7) (8) (9) 30 (10) 27 25

28 ( ) ( ) ( ) , , ( ) ( ) ( ) ( ) 26

29 2010 Annual Report ( ) ( ) , , , , , ( ) ( ) LKB LAWRENCE TECHNOLOGICAL UNIVERSITY BUSINESS ADMINISTRATION 27

30 ( ) , LLOYD TRIESTINO

31 2010 Annual Report ( ) ( ) 1. ( ) (A) AB C D (B) (C) (D) (E) (F) (G) (H) ABC DEF G ( ) ( 1) ( ) ( ) ( 2) 3,897 12,916 2,970 2,970 46,000 46, ,467 4, ( 3) ( ) ( 4) ( 5) ~ ( ) ( ) (A+B+C+D) (A+B+C+D+E+F+G) 2,000,000 2,000,000 5,000, ,000,000 10,000,000 10,000,000 15,000,000 15,000,000 30,000, ,000,000 50,000, ,000, ,000, ,000,

32 2. (A) (B) ( ) (C) AB C 0 0 9,000 9, (A+B+C) 2,000,000 2,000,000 5,000, ,000,000 10,000,000 10,000,000 15,000, ,000,000 30,000, ,000,000 50,000, ,000, ,000, ,000,

33 2010 Annual Report 3. ( 3) ( 4) (A) (B) ( 1) (C) (D) ( 2) AB C D % 24,481 24, ,914 10,914 1, , ,000,000 2,000,000 5,000,000 5,000,000 10,000, ,000,000 15,000, ,000,000 30,000, ,000,000 50,000, ,000, ,000, ,000,

34 % 0 2,916 2,

35 2010 Annual Report ( ) A % 0.38% -0.13% 0.37% 0.00% 0.06% 0.00% 0.05% -0.35% 0.24% -0.28% 0.20% B. 33

36 ( ) 99 8 ( 1) ( ) (B) ( ) (%) B/A( 2) ( ) % % 0 8 0% ( ) ( ) % % % 0 7 0% % %

37 2010 Annual Report ( ) ( ) 6 ( ) ( ) 1,618 TEU - (Uni-Promote) ( ) ( ) 4 (Evergreen Heavy Industrial Corp.(Malaysia) Berhad) 16,300 ( ) 5 ( ) ( ) A 1 2 (1) ( ) (%) ( ) (2) ( ) (%) ( ) 35

38 ( ) A B % B/A( ) 8 100% 8 100% ( ) ( ) (%) (%) 36

39 2010 Annual Report ( ) ( ) ( ) ( ) ( ) ( ) ( ) 1. ( com) 2. ( tw) ( ) 37

40 ( ) 1. ( ) ( ) ( ) LCD LCD 3 3. (1) (2) LCD 3 38

41 2010 Annual Report LCD LCD 3 6. (1) (2) LCD 3 7. (1) (2) LCD 3 ( ) : ( ) 39

42 ( ) ( ) ( ) ( ) 39 40

43 2010 Annual Report ( ) ( ) ( ) ( ) : (1) (2) (3) (4) (5) (6) (European Commission)! 41

44 ( ) ( ) ( ) ( ) ( ) ( ) ( ) 42

45 2010 Annual Report (1) (2) 2009 (3) (UNI-PACIFIC) 7 (4) (5) ( ) DNV ISO 9001 ( DNV ) ( )

46 ( ) 1. A LCD (3 ) 3. (1) /3 2. ~ / / / / /6 2. / /6 2. /6 (CIA) 44

47 2010 Annual Report ~IFRS /6 2. / / ~ /6 2. ~ / ~ /6 2. ~ / /12 - (2) / /3 /9 45

48 ( ) ( ) ( )

49 2010 Annual Report ( )

50 2. ( ) ( ) (1) 98 (2) (1) (2) (1) 98 (2) (3) 99 (4) (1) 98 (2) 98 (3) (4) (1) SAMSUNG HEAVY INDUSTRIES CO., LTD. 6 8,000 TEU (2) 99 (3) (4) (1) 99 (2)

51 2010 Annual Report (1) SAMSUNG HEAVY INDUSTRIES CO., LTD. 7 8,000 TEU (2) SAMSUNG HEAVY INDUSTRIES CO., LTD. 8,000 TEU (1) C (2) (1) (2) ( ) 1,618 TEU - (Uni-Promote) (3) (Evergreen Heavy Industrial Corp.(Malaysia) Berhad) 16,300 (4) 100 (5) (6) (1) Clove Holding Ltd. (2) 99 (3) 99 (4) (5) 99 (6) (7) 100 (8) (9) (10) (11) (1)

52 (2) (3) (4) ( ) ( ) ( ) 12, ,092 3, IFRS 3. 25% 50

53 2010 Annual Report ( ) ( ) ( ) ( ) V ( ) 51

54 ( ) ( )

55 2010 Annual Report ( ) ( ) ( ) ( ) ( ) ( ) ,000 (0) ( ) ( ) ( )

56 ( ) ( ) ( ) ( )

57 2010 Annual Report ( ) ( ) ( ) ( ) ( ) ,000 (0) ( ) ( ) 55

58 1 3 ( ) 335,852, ,653, ,302, ,100,

59 2010 Annual Report 1 3 ( ) 189,535, ,494, ,111, ,831,

60 1 3 ( ) 100,177, ,747, ,830, ,777, ,777, ,830, ,741,

61 2010 Annual Report 424, , , , , , , , , , , , , , , Peony Investment S.A. 4, ,

62 ( ) ,300,000,000 33,000,000,000 2,725,167,586 27,251,675,860 17,642, ,600,000,000 36,000,000,000 2,915,929,317 29,159,293, ,761, ,600,000,000 36,000,000,000 2,923,345,834 29,233,458,340 7,416, ,600,000,000 36,000,000,000 2,923,482,670 29,234,826, , ,600,000,000 36,000,000,000 2,929,700,491 29,297,004,910 6,217, ,600,000,000 36,000,000,000 3,018,667,767 30,186,677,670 88,967, ,600,000,000 36,000,000,000 3,033,539,954 30,335,399,540 14,872, ,600,000,000 36,000,000,000 3,044,710,377 30,447,103,770 11,170, ,600,000,000 36,000,000,000 3,060,844,007 30,608,440,070 16,133,

63 2010 Annual Report ,600,000,000 36,000,000,000 3,060,938,941 30,609,389,410 94, ,600,000,000 36,000,000,000 3,062,599,149 30,625,991,490 1,660, ,600,000,000 36,000,000,000 3,065,493,353 30,654,933,530 2,894, ,600,000,000 36,000,000,000 3,104,405,427 31,044,054,270 38,912, ,600,000,000 36,000,000,000 3,155,787,541 31,557,875,410 51,382, ( ) 3,157,653, ,346,193 3,600,000, : 61

64 ( ) , ,028 40,656, ,678, ,485, ,962,467 1,545,870,639 3,157,653,807 (%) ( ) (%) ,419 12,718, ,000 5,000 45, ,317, ,001 10,000 11,610 87,310, ,001 15,000 3,753 46,401, ,001 20,000 2,313 42,150, ,001 30,000 1,772 44,915, ,001 40, ,408, ,001 50, ,719, , , ,075, , , ,069, , , ,902, , , ,619, , , ,071, ,001 1,000, ,388, ,000, ,465,585, ,028 3,157,653,

65 2010 Annual Report ( ) (%) 335,852, ,653, ,100, ,535, ,111, ,831, ,177, ,830, ,777, ,741,

66 ( ) ( 1) ( 2) ,061,502 ( ) 3,070,781 ( ) 3,144,162 ( )

67 2010 Annual Report ( ) 1. 10% 0.5% 5% 10% (1) (2) 55,000,000 (3) 40,000,000 ( ) 100 ( ) 1. 10% 0.5% 5% 2. (1) (2) 65

68 3. (1) 40,000, ,000, (2) 0 0% (3) 4. ( ) 66

69 2010 Annual Report ( ) % 0% ( ) ( ) ( ) 100% ( ) 100% ( ) ,146, ,695,608 67

70 ( ) ( ) ,481,030 82,481,030 84,146,752 84,146,

71 2010 Annual Report ( ) ( ( ) ) ( ) ( ) ( ) ( ) ( ) 69

72 ,000, ,267,030 GDRS 2,053,122 GDRS Citibank N.A. New York Citibank N.A. New York Citibank Taiwan Limited Citibank Taiwan Limited - 344,711 GDRS

73 2010 Annual Report (85) ( ) ,267,030 62,670, ( 505 ) 115,000,000 2,053, ,320,152 83,201, ,711 3,447,169 ( ) ,500,000 2,500,000 2,500, ,500, ( ) 71

74 ( ) (TPS) 4,200 TEU 6,300 TEU (PNW) UAM ( ) 2,700 TEU 5,400 TEU (CPS-2) / (FEM) (PNW) 1 UAM AEX-7 (Zeebruge) (1) (Ravenna) (Beirut) 2 (2) 2 (Ashdod) (Alexandria) (3) (Benghazi) - / (ESA) 2 72

75 2010 Annual Report (CPT) (HBS) MCC Transport - (MBS) (Chittagong) 99 5 Simatech ( ) 99 3,187 TEU % 99 12% Drewry % 98 Alphaliner

76 1. Alphaliner TEU 11.6% TEU 2. Alphaliner TEU 4.4% % 80% 76% 60% ( ) 99 5 (Mombasa) (Dar es Salaam) (Nairobi) (Kampala) 100 ( )

77 2010 Annual Report ( ) (1) 99 Datamyne % $1,100/40 8 $2,650/ (TSA) 100 8~10% (2) % 100 JOC (TPM) 99 11% (3) 98 CTS % % Alphaliner ,000 TEU 75

78 (4) CTS % (5) 99 2 JOC % % 3.0% GDP 60% (6) 99 JOC % 98 (7) 99 (ECLAC) 99 6%

79 2010 Annual Report (8) (9) (10) (11) 98 1 $4099 $70 $90 IRA 99 17% 99 8 OOCL Simatech AGI

80 (12) 99 1 IADA % 100 IADA 10% (13) (14) 99 ( ) ( ) ( ) ( ) ( ) 78

81 2010 Annual Report ( ) ,680,813 77,147, ,245 1,048,861 1,767,410 1,664, ,955 9,994 1,982,753 2,066, ,353,176 81,936, % 0.0% 0.0% 7.2% 7.4% 7.1% 80.3% 79.7% 79.9% 6.0% 5.1% 5.3% 6.5% 7.8% 7.7% 79

82 ( ) USD 72, (IMO) (Emission Control Area) USD 296, USD 1,528, (CARB) 24 Marine Gas Oil USD 928, ( ) 1. (CARB) Marine Gas Oil IOPPIAPP ISPP 7. (GARD Protection and Indemnity- GARD P&I) 8. (Vessel Certificate of Financial Responsibility- COFR) % m/m % m/m 11. Cut-Out

83 2010 Annual Report ( ) 1. 99/01/ % m/m 2. 99/11/10 A IMO International Maritime Organization MEPC-Maritime Environment Protection Committee IOPP-International Oil Pollution Prevention IAPP-International Air Pollution Prevention ISPP-International Sewage Pollution Prevention ( ) ( ) ( ) (1) 81

84 (2) (Marketing) (Logistics) 7. NT$10, TOEIC TOEIC ,482 6,443,736 NT$580,735 82

85 2010 Annual Report ISPS SSO EP( ) EP( ) ,818 ( ) ( )

86 ( ) ( ) ( ) / ( )

87 2010 Annual Report ( ) YANG MING MARINE, ( ) TRANSPORT CORP. 60 FUJIAN FOREIGN TRADE CENTRE ( ) SHIPPING CO. / 90 OOCL(ASIA OOCL PACIFIC) LTD (, ( / 30 / / ) ) B E N G A L T I G E R BTL LINE ( / (, / ) 30 ) NINGBO OCEAN SHIPPING CO., LTD / 90 CHINA UNITED LINES LTD / 90 85

88 WAN HAI LINES : WHL LTD. : ( / / (, ) 90 ) WAN HAI LINES : WHL LTD. : ( / ) 100 (, ) 1. OOCL(ASIA PACIFIC) LTD YANGMING (UK) (, ( / / LTD. 90 ) ) 1. WAN HAI LINES LTD HAPAG-LLOYD (, ( / / / CONTAINER LINE 90 ) ) 1. OOCL(ASIA PACIFIC) LTD SIMATECH (, ( - - SHIPPING PTE 60 ) LTD ) SIMATECH SSF SHIPPING PTE LTD ( - ) (, 90 ) 86

89 2010 Annual Report SIMATECH SSF SHIPPING & ( ) FORWARDING (, L.L.C. 90 ) SEA CONSORTIUM SEACON PTE LTD., 90 ( ) MCC TRANSPORT MCC SINGAPORE ( / / PTE LTD. (, / / 90 ) ) INTERASIA LINES : IAL SINGAPORE PTE ( / LTD / ) MCC TRANSPORT MCC SINGAPORE PTE ( / / LTD ) MCC TRANSPORT MCC SINGAPORE PTE ( / / LTD ) MCC TRANSPORT MCC SINGAPORE PTE ( / LTD 90 ) 87

90 ( ) HAMBURG SUD ( / (, ) HAMBURG SUD 90 ) CMA CGM S.A CMA CGM (, ( / ) 90 ) HYUNDAI TNWA ( ( / ) 3 9 ) COSCO COSCON CONTAINER LINE 90 ( / ) COSCO COSCON CONTAINER LINE 90 ( / ) COSCO COSCO CONTAINER LINE ( / ) MAERSK MAERSK 90 ( / ) 88

91 2010 Annual Report HYUNDAI TNWA ( / ) 29 MAERSK ( / ) 90 MOL MOL ( / ) MOL MOL ( / ) MOL MOL ( / )

92 1. HAMBURG SUD HAPAG LLOYD HYUNDAI ( / ) MERCHANT 180 MARINE 4. APL CO. China Shipping CSC Container Lines ( / ) 6 18 China Shipping CSC Container Lines ( / ) 6 18 CKYH CKYH ( / ) CSAV NORASIA CSAV ( / ) 30 90

93 2010 Annual Report MOL MOL ( / ) 9 MOL MOL ( / ) 9 China Shipping CSCL Container Lines ( / ) 6 18 China Shipping CSCL Container Lines ( / ) 6 18 China Shipping CSCL Container Lines ( / ) Nippon Yusen NYK Kaisha ( / ) 91

94 ( ) ( ) 9,968,985 11,639,249 12,253,721 11,599,365 14,322,105 9,249,530 68,104,188 57,746,286 69,148,658 68,356,346 60,774,259 70,856,455 11,360,775 10,838,750 12,630,631 10,785,775 9,648,175 12,968,548 16,072 37,756 59,440 81, ,808 16, , , , , , ,623 89,656,404 80,526,561 94,223,170 90,962,884 85,040,915 93,290,229 10,636,628 6,927,545 11,144,598 12,737,552 15,647,788 7,596, ,144,598 18,020,605 16,565,453-10,457,355 16,940,692 16,245,973 5,211,992 8,965,695 13,652,773 2,738,901 2,206,727 3,586,423 3,315,660 3,114,340 2,806,378 23,832,884 26,074,964 30,976,994 21,265,204 27,727,823 24,055, ,976,994 26,548,257 28,645,488-31,248,395 30,625,992 30,609,390 30,338,695 29,159,293 31,576,438 7,202,990 6,675,194 6,355,383 6,016,190 4,876,090 7,484,310 31,951,458 16,786,007 26,641,360 31,285,147 21,821,110 33,258, ,641,360 26,002,094 20,903,445-1,184, ,729 (776,363) 453,193 99, ,234 (5,055,677) 640, ,498 2,074,210 1,888,153 (3,117,607) (701,771) (483,688) (479,092) (469,755) (521,237) (707,771) (9,371) - 65,823,520 54,451,597 63,246,176 69,697,680 57,313,092 69,234, ,246,176 64,414,627 56,395,427 - ( )

95 2010 Annual Report ( ) ( ) 17,026,011 15,062,947 22,437,412 27,844,435 33,863,398 3,685,070 1,860,238 1,987,591 1,557,350 3,886,651 3,164,583 98,393 84, ,541 (361,147) 2,056, ,460 (279,243) 16,395,786 3,301,851 4,522,069 10,460,216 2,021,907 1,728, ,871 14,506,852 3,473, ,883 2,244,509 89,249 15,864,882 (10,732,460) 687,757 11,659, ,858 1,360,030 15,165,451 (9,855,353) 639,266 10,381, ,188 1,306, (96,608) - 15,165,451 (9,855,353) 639,266 10,381, ,580 1,306, (3.22) ( ) 100 ( )

96 ( ) ( ) ( ) (39.32) (11.05) (16.75) (1.18) (0.88) (35.04) (65.43) (3.22) (13.86) (11.00) (1.09) (6.39) (8.20) (1.57) (0.35) % ( )

97 2010 Annual Report ( ) ( ) ( ) (31.21) (9.62) (19.57) (40.08) (12.18) (1.24) (42.04) (14.90) (3.99) (72.57) (5.14) (10.03) (0.46) (0.85) (3.81) %

98 1 (1) (2) 2 (1) (2) (3) 3 (1) ( ) ( ) (2) 365 (3) (4) ( ) ( ) (5) 365 (6) (7) 4 (1) (2) (3) (4) 5 (1) (2) ( ) (3) ( ) ( ) 6 (1) ( ) (2) ( ) 96

99 2010 Annual Report

100 27F, 333 Keelung Rd., Sec. 1, Taipei, Taiwan Tel : (886) Fax: (886) (100) ,791,140 21,440, % 26.62% ,729,189 7,598,963 98

101 2010 Annual Report

102 % % % % 1100 ( ( )) $ 3,481,722 4 $ 2,081, ( ( )) $ 2,603,172 3 $ 2,162, ( ( )) ,959 - ( ( )) 1,908, ,058, ( ( )) ,000 - ( ( )) 604, ,159, , ( ( )) 748, , ,321, , ( ( ) ) 106, , ( ) 133, , , , , , ( ) 74, , ,522-24, ( ( )) 158, , , , , , ,462 - ( ( )) 4,891, ,368, ,724-6, ( ) 594, , ( ( )) 315, , XX 10,636, ,927, ( ) 275, , ( ( ) ) 1,994, ,838, ( ( )) 2,218, ,311, XX 9,968, ,639, ( ( )) 8,238, ,628, XX 10,457, ,940, ( ( )) 104, , ( ( )) 968, , ( ( )) 957, , ( ( )) 1,170, , ( ( )) 1,446, ,129, ( ( )) 1,344, ,534, , , ( ( ) ) 64,527, ,219, XX 2,738, ,206, XXX 23,832, ,074, XX 68,104, ,746, ( ( ) ) ( ( )) ,972, ,972, ,248, ,625, ,512, ,512,002 2 ( ( )) ,530, ,530, ,456, ,800, , , ,346, ,096, ,611, ,611, ,110, ,066, , , , , ,713-6,713-15XY 21,796, ,501, ( ( )) 15X9 ( 12,912,384) ( 14) ( 14,662,994) ( 18) ,586, ,586, ,476, , , XX 11,360, ,838, ,407, ,242, ( ( )) 16,072-37, ( 5,055,677) ( 6) 640, ( 707,771) ( 1) ( 483,688) ,416-42, ,184, , , ,987-3XXX 65,823, ,451, XX 206, ,520 - ( ) ( ) 1XXX $ 89,656, $ 80,526, XXX $ 89,656, $ 80,526,

103 2010 Annual Report ( ( ) ) % % 4000 ( ( ) ) $ 17,026, $ 15,062, ( ( ) ) ( 15,165,773) ( 89) ( 13,075,356) ( 87) ,860, ,987, ( ( ) ) ( 1,775,271) ( 10) ( 1,515,050) ( 10) , , ,187-57, ( ( )) 14,595, ,689-3, ( ) 1,070, ,229, ,162-11, , ( ) 98, , ( ( )) 407, ,504, , , ,395, ,301, ( 324,799) ( 2) ( 266,153) ( 2) 7521 ( ( )) - - ( 14,226,211) ( 94) 7530 ( 2,426) - ( 3,599) ( 194,214) ( 1) ( 18,509) - ( 8,093) ( ( )) ( 72,835) ( 1) ( 2,048) ( 3,088) - ( 748) ( 615,871) ( 4) ( 14,506,852) ( 96) 7900 ( ) 15,864, ( 10,732,460) ( 71) 8110 ( ) ( ( )) ( 699,431) ( 4) 877, ( ) $ 15,165, ($ 9,855,353) ( 65) ( )( ( )) 9750 ( $ 5.17 $ 4.94 ( $ 3.51) ($ 3.22) ( )( ( )) 9850 ( $ 4.99 $ 4.77 ( $ 3.51) ($ 3.22)

104 $ 30,609,390 $ 6,355,383 $ 7,522,313 $ 957,344 $ 18,161,703 $ 895,498 ($ 479,092) ($ 776,363) $ 63,246, ,927 - ( 63,927) ,602 13, , , ,205-50, ( 291,789) , , , , ( 5,539) - ( 5,539) , , ( 9,855,353) ( 9,855,353) $ 30,625,992 $ 6,675,194 $ 7,586,240 $ 957,344 $ 8,242,423 $ 640,363 ($ 483,688) $ 207,729 $ 54,451, $ 30,625,992 $ 6,675,194 $ 7,586,240 $ 957,344 $ 8,242,423 $ 640,363 ($ 483,688) $ 207,729 $ 54,451, , , ,278,024 - ( 127,826) ( 127,826) ( 1,075,152) ( 68,319) 711,600 ( 431,870) ( 4,620,888) - - ( 4,620,888) ( 155,764) - ( 155,764) , , ,165, ,165, $ 31,248,395 $ 7,202,990 $ 7,586,240 $ 957,344 $ 23,407,874 ($ 5,055,677) ($ 707,771) $ 1,184,125 $ 65,823,

105 2010 Annual Report ( ) $ 15,165,451 ( $ 9,855,353) 1,616,004 1,816,816 23,399 25, , ,615 54,195 36,789 ( 1,067,784) ( 1,226,095) ( ) ( 14,361,424) 14,226,211 ( 6,828) - 210,914 87,758 1,346,892 ( 3,825,265) ( 144,684) ( 139,394) 525,667 ( 455,414) 80,525 1,124,586 74,002 ( 45,473) 28,497 ( 2,970) ( 28,877) ( 114,687) 338,758 ( 88,303) ( 506,630) 730,542 47,529 ( 29,985) 117 2, ,243 ( 457,977) - ( 337,756) ( 72,075) ( 1,877,916) 105,653 ( 24,092) 2,568-11,676 ( 10,331) 81,000 70, ,330 ( 882,037) ( ) 4,815,861 ( 960,011) ( 554,195) ( 3,136,235) 460,000 - ( 470,000) ( 360,000) 196, ( 1,743,731) ( 2,523,607) ( 507,538) 1,176, ,540 ( 22,977) ( 55,906) ( 1,737,486) ( 4,862,870) ( ) 441,015 ( 657,843) ( ) ( 99,959) 99,959 ( 2,019,405) ( 1,434,080) - 4,789, ( ) ( 1,678,325) 2,797,552 ( ) 1,400,050 ( 3,025,329) 2,081,672 5,107,001 $ 3,481,722 $ 2,081,672 $ 133,992 $ 205,876 ( 7,000) - $ 126,992 $ 205,876 $ 2,404 $ 367,355 $ 4,891,791 $ 1,368,176 $ 1,247,300 $ 30,

106 / ( ) ,203 ( ) 1. (1) (2) (3) (4) 2. (1) (2) (3) (4) ( ) 104

107 2010 Annual Report ( ) ( ) ( ) / ( ) 5. (1) (2) (3) ( )

108 2. / 3. ( ) ( ) ( ) ( ) ( ) %

109 2010 Annual Report ( ) ( ) 3 ( ) ( ) (1) (2) (3) (4) 107

110 2. ( ) 15 ( ) 1. ( ) % ( ) (96) (97) 127 ( ) ( ) ( )

111 2010 Annual Report ( ) $ 4,569 $ 6, ,567 4, ,411 2, , , , , , ,706 ( ) ( 41,311 ) 1,137 $ 3,481,722 $ 2,081, %~1.50% 0.25%~0.85% 109

112 ( ) $ 290 $ 290 2,041,462 3,311, ,158 2,041,752 4,114,464 ( 132,824 ) ( 55,702 ) $ 1,908,928 $ 4,058,762 $ 100,000 $ 100,000 4,287 - $ 104,287 $ 100, $72,835 $2,048 ( ) ( ) $ 490,801 $ 490,801 ( ) 3,871 3, , , , ,640 $ 957,108 $ 692,312 ( ) $ - $ 160,000 $ 1,170,000 $ 200,

113 2010 Annual Report ( ) $ 1,344,595 $ 1,534, ( : ( ) ) % $10 $196,674 $189,846 $6, ( ) $ 772,043 $ 599,962 ( 23,461 ) ( 2,865 ) 748, , , ,289 $ 855,083 $ 710,386 ( ) $ 158,383 $ 238,908 ( ) $ 359,587 $ 537,448 1,585,980 1,203,682 49,343 96,871 $ 1,994,910 $ 1,838,

114 2. Gaining Enterprise S.A.Greencompass Marine S.A.Italia Marittima S.p.A.Evergreen Marine (UK) Ltd. Evergreen Marine (Hong Kong) Ltd. Evergreen Marine (Singapore) Pte. Ltd. ( ) Peony Investment S.A % $ 46,686,907 $ 39,534,025 ( ) ( ) 55.00% 94,813 88,284 ( ) 40.00% 575, ,458 ( ) 39.74% 8,418,428 7,932,844 ( ) 31.25% 77,345 73,919 ( ) 19.32% 7,848,925 6,186,214 ( ) 21.03% 826, ,477 $ 64,527,886 $ 55,219, ( ) Peony Investment S.A. $ 11,773,770 ($ 14,063,421 ) ( ) ( ) 6,529 6,357 ( ) 56,468 47,703 ( ) 471, ,948 ( ) 3,425 8,766 ( ) 2,321,099 ( 540,724 ) ( ) ( 37,335 ) ( 15,840 ) $ 14,595,055 ($ 14,226,211 ) ( ( ) )

115 2010 Annual Report ( ) - ( ) 84,147 ( ) $ 1,972,540 $ - $ 1,972,540 1,512,002 ( 500,059 ) 1,011,943 4,530,476 ( 3,838,906 ) 691, ,390 ( 98,203 ) 16,187 11,346,789 ( 6,569,182 ) 4,777,607 2,110,916 ( 1,730,638 ) 380, ,750 ( 175,396 ) 34,354 21,796,863 ( 12,912,384 ) 8,884,479 2,476,296-2,476,296 $ 24,273,159 ($ 12,912,384 ) $ 11,360, $ 1,972,540 $ - $ 1,972,540 1,512,002 ( 470,370 ) 1,041,632 4,530,476 ( 3,570,602 ) 959, ,331 ( 92,974 ) 21,357 15,096,676 ( 8,966,302 ) 6,130,374 2,066,715 ( 1,397,970 ) 668, ,004 ( 164,776 ) 44,228 $ 25,501,744 ($ 14,662,994 ) $ 10,838, USD48,000 USD60,000 GARD P&I (PROTECTION & INDEMNITY) USD5,000,

116 $1,416,287 $1,633, $768,519 $867, USD243,516 USD261, $7,000 ( ) $ 2,602,020 $ 2,173,901 ( ) 1,152 ( 11,744) $ 2,603,172 $ 2,162, %~0.76% 0.6%~0.84% ( ) $ - $ 100,000 - ( 41 ) $ - $ 99, % ( ) $ 72,338 $ 238, , , , , ,750 $ 604,407 $ 1,159, $407,758 $1,504,

117 2010 Annual Report ( ) $ 1,156,100 $ - 3,735,691 1,368,176 $ 4,891,791 $ 1,368,176 ( ) $ 1,252,700 $ 2,500,000 2,500,000 2,500,000 ( 377,825 ) ( 688,208 ) 3,374,875 4,311,792 ( 1,156,100 ) - $ 2,218,775 $ 4,311, ( ) $2,500,000 (1) (2) 0% (3) (4) a. ( ) b. ( ) ( ) 14 c. ( ) 115

118 (5) ( ) (6) a. 30%( ) b. 10% c. (7) a ( ) b %~110% (8) ( ) 3 ( ) ( ) ( ) 116

119 2010 Annual Report (9) ( ) $2,500,000 (1) (2) 0% (3) (4) (5) a % ( ) 30 b $250,000 ( 10%) c. (6) ( % 0.5% % 0.5%) (7) a

120 3 ( ) b % (8) ( ) 3 ( ) ( ) ( ) (9) $1,247,300 - $655,621 - $127, $256,

121 2010 Annual Report ( ) $ 1,500,000 $ 2,000,000 10,564,745 12,193,590 ( 80,840 ) ( 190,280 ) - ( 9,634 ) ( 6,234 ) 11,974,271 13,997,076 ( 3,735,691 ) ( 1,368,176 ) $ 8,238,580 $ 12,628, %~1.13% 0.66%~1.08% ( ) ( ) % 119

122 2. (1) % 2.25% 2.00% 2.00% 2.00% 2.25% (2) ($ 233,057 ) ($ 259,056 ) ( 1,126,857 ) ( 972,375 ) ( 1,359,914 ) ( 1,231,431 ) ( 307,866 ) ( 125,802 ) ( 1,667,780 ) ( 1,357,233 ) 391, ,445 ( 1,275,931 ) ( 878,788 ) - 20,076 16,073 17, , ,940 ( 615,974 ) ( 481,894 ) ($ 968,065 ) ($ 752,986 ) (3) $ 30,517 $ 37,464 30,538 30,768 ( 10,765 ) ( 12,128 ) 20,076 20,077 1,607 1,607 33,401 30,845 $ 105,374 $ 108,

123 2010 Annual Report % $134,634 $134,698 ( ) $36,000,000 $31,248,395 3,124, ( ) ( ) - $ - 1,660 $ 16,602 62, , ,240 $ 622,403 1,660 $ 16,602 ( ) 1. 10% 2. - ( ) ( ) 1. 10% 0.5% 5% 10% 2. 50% 3. ( 121

124 ) ( ) ( ) $ - $ 63,927 - $ - - $ $ - $ 63, $40,000 $55,000 ( ) $ 16,049,182 $ 13,892, , , , , , ,787 $ 17,026,011 $ 15,062,947 ( ) ( ) $ 699,431 ($ 877,107 ) ( ) ( 2,303 ) ( 24,670 ) ( 101 ) ( 1 ) - ( 4,929 ) ( 699,330 ) 882,037 ($ 2,303 ) ($ 24,670 ) 122

125 2010 Annual Report ( ) $ 315,710 $ 734,237-60,029 54, ( 36,268 ) - ( 1,506,528 ) ( 1,183,647 ) - - ($ 1,130,789 ) ($ 431,459 ) 2. ( ) $ 1,766 $ 300 $ 1,612 $ 322 ( ) 44,300 7,531 ( 181,341 ) ( 36,268 ) 131,424 22,342 56,183 11, ,501 57, , ,258 2, ,222, ,843 2,902, ,466-19,830-14,954 $ 315,710 $ 697,969 $ 1,020 $ 173 $ - $ - 352,091 59, ,093 54,219 ( 8,861,931 ) ( 1,506,528 ) ( 5,918,234 ) ( 1,183,647 ) ($ 1,446,499 ) ($ 1,129,428 ) 123

126 $ 14,768 $ 14, ,876 4, $ 2,456,334 $ 417,577 $ 207, $ 5,570,596 $ 5,570, ,837,278 2,671,827 $ 23,407,874 $ 8,242, $2,509,271 $2,405, % % 124

127 2010 Annual Report ( ) ( ) 99 ( ) ( ) $ 15,864,882 $ 15,165,451 3,070,781 $ 5.17 $ ,693 47, , ,502 $ 15,912,575 $ 15,213,144 3,188,851 $ 4.99 $ ( ) ( ) ($ 10,732,460 ) ($ 9,855,353 ) 3,061,502 ($ 3.51 ) ($ 3.22 ) ($ 10,732,460 ) ($ 9,855,353 ) 3,061,502 ($ 3.51 ) ($ 3.22 )

128 97 ( ) 99 $ 269,234 $ 943,984 $ 1,213,218 13,322 56,339 69,661 10, , ,634 18,789 23,997 42,786 1,488, ,784 1,616, ,743 23, , $ 322,425 $ 739,076 $ 1,061,501 14,067 56,818 70,885 28, , ,698 23,806 22,715 46,521 1,672, ,441 1,816, ,615 25, ,

129 2010 Annual Report ( ) (EIS) (Evergreen International S.A.) ( ) ( ) ( ) (Peony Investment S.A.) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) Evergreen Marine (Singapore) Pte. Ltd.EMS Evergreen Marine (Hong Kong) Ltd.(EGH) ( ) ( ) (SGTC) Vigor Enterprise S.A. (VIGOR) Clove Holding Ltd. (CLOVE) Evergreen Marine (UK) Limited (EMU) PT. Multi Bina Transport (MBT) PT. Multi Bina Pura International (MBPI) Greencompass Marine S.A. (GMS) Evergreen Heavy Industrial Corp. (Malaysia) Berhad (EHIC(M)) Evergreen Shipping Agency (Deutschland) GmbH (EGD) Evergreen Shipping Agency (Ireland) Ltd. (EGUD) Evergreen Shipping Agency (Netherlands) B.V. (EGN) Evergreen Shipping Agency (Poland) SP.ZO.O (EGD-WWX) ( 98 3 ) 127

130 Evergreen Argentina S.A. (EGB) Evergreen Shipping Agency France S.A. (EGF) Evergreen Shipping (Spain) S.L. (EES) Evergreen Shipping Agency (Italy) S.p.A (EIT) Evergreen Shipping Agency (Vietnam) Corp.(EGV) Island Equipment LLC. (ISLAND) Armand Investment (Netherlands) N.V. (Armand N.V.) Evergreen Shipping Agency (Australia) Pty. Ltd. (EMA) PT. Evergreen Shipping Agency Indonesia (EMI) Evergreen Shipping Agency (Thailand) Co., Ltd. (EGT) Evergreen Shipping Agency (Singapore) Pte. Ltd. (EGS) Evergreen Shipping Agency (Korea) Corporation (EGK) Evergreen Shipping Agency (India) Pvt. Ltd. (EGI) Evergreen Shipping Agency (Russia) Ltd. (ERU) Ample Holding Ltd. (AMPLE) Armand Estate B.V. (Armand B.V.) Evergreen Agency (South Africa) (PTY) Ltd. (ESA) Whitney Equipment LLC. (WHITNEY) Hemlock Equipment LLC. (HEMLOCK) Luanta Investment (Netherlands) N.V. (Luanta) Balsam Investment (Netherlands) N.V. (Balsam) (NVC) (QECT) ( ) (KTIL) Colon Container Terminal S.A. (CCT) Green Peninsula Agencies SDN. BHD. (GPA) Evergreen Container Terminal (Thailand) Ltd. (ECTT) Taranto Container Terminal S.p.A. (TCT) Italia Marittima S.p.A.(ITS) Gaining Enterprise S.A. (GESA) Seaside Transportation Service LLC. (STS) Sinotrans Group Shenzhen Co.(SGSC) Luanta Balsam ISLAND SGTC 128

131 2010 Annual Report ( ) (%) (%) $ 1,824, $ 1,859, , ,760 1 GMS 414, ,031 2 EIS 53,921-71,330 1 EMU 35,458-58,623 - EMS 36,989-26,928 - GESA 28,510-24,174 - EGH 21,646-18,857 - ITS 19,816-13,372-2,930-3,097 - $ 2,532, $ 2,546, (%) (%) $ 776,310 5 $ 808, , , , , ,697-43,675-46,718-43,929 - GESA 1,660, ,737, GMS 242, ,086 2 EGH 47,689-49,787 - EMI 35,203-35,061 - EGT 17,884-25,269 - EGD 11,490-1,838 - EGS 11,204-6,343 - EIS , ,106-28,703 - $ 3,959, $ 4,072,

132 3. (1) $ 274 $ 2,356 EHIC(M) ,782 $ 274 $ 415,138 (2) $ - $ - $ 745 $ $ 88 $ 82 $ 745 $ (1) ( ) (%) (%) $ 94, $ 98, " 1, , $ 96, $ 100,

133 2010 Annual Report (2) ( ) (%) (%) $ 43, $ 47, $ 43, $ 48, (3) ( ) (%) (%) $ 603, $ 636, GESA 1,660, ,737, GMS 242, ,085 8 EIS ,579 1 $ 2,506, $ 2,671, ( ) (%) (%) $ 61,904 7 $ 54, , ,318 3 EIS 4, , , ,930 3 $ 106, $ 113,

134 (%) (%) $ 62, $ 133, ITS 3, , EIS 1, , , ,608 - $ 74, $ 915, (%) (%) $ 50,949 4 $ 31, , , , ,139 1 GMS 25, ITS ,655 5 EIS - - 9, ,770-5,707 - $ 133,716 9 $ 141, ( ) USD 5,000 USD 5,000 GMS USD 774,833 USD 601,593 EMU USD 605,927 USD 607,583 CCT USD 9,600 USD 28,680 WHITNEY USD 94,164 USD 70,198 TCT USD 20,772 USD 20,250 HEMLOCK USD 20,600 USD 17,600 BALSAM USD 49,000 USD 49,000 ESA USD 2,500 USD - 132

135 2010 Annual Report ( ) $61,904 $54, $940 $1, GMS $ 9,660 $ 9,590 EIS 2,734 5,651 GESA 8,920 7,392 EMU 6,313 9,948 EGH 3,821 3,709 EMS 9,983 10,336 $ 41,431 $ 46,

136 5. ( ) (1) $ - $ 1,365 EGI 1,932 59,036 EGT 10,877 25,509 EMI 15,352 3,525 EIT 4,381 6,911 EGD-WWX ESA EES EGD EGUD EMA ERU $ 34,045 $ 98,247 (2) $ 2,063 $ - EGV 22, EGN 75,829 1,214 EGD 1,721 - EGK 295 2,360 EGUD EMA EGS 98 3,213 EGF 7 24 EES - 34 $ 102,949 $ 6,

137 2010 Annual Report 6. Gaining Enterprise S.A.Greencompass Marine S.A.Italia Marittima S.p.A. Evergreen Marine (UK) Ltd. Evergreen Marine (Hong Kong) Ltd. Evergreen Marine (Singapore) Pte. Ltd. ( ) (1) EIS $ 650,832 $ 375,384 GMS 623, ,716 ITS 283, ,208 GESA 27,909 20,059 EMU - 74,315 $ 1,585,980 $ 1,203,682 (2) EGH $ 102,294 $ 113,783 EMS 83, ,641 EMU 2,750 - $ 188,091 $ 312, ( ) $ 89,595 $ 94,591 EIS 49,054 63,945 GMS 71,252 72,346 EMU 30,550 54,014 GESA 20,937 17,093 ITS 8,426 7,130 EGH 19,405 16,703 EMS 30,916 24,223 $ 320,135 $ 350,

138 ( ) $ 39,742 $ 31,738 2,521 2,719 56,012 - $ 98,275 $ 34, ( ) 99 $50,000 $146 ( ) $ 275,751 $ 246,874 1,800,093 1,800, , ,429 ( ) 1,670,471 1,542,956 $ 4,585,974 $ 4,455,

139 2010 Annual Report USD 5,000 USD 5, USD 5,000 USD 5,000 GMS USD 774,833 USD 601,593 EMU USD 605,927 USD 607,583 CCT USD 9,600 USD 28,680 WHITNEY USD 94,164 USD 70,198 TCT USD 20,772 USD 20,250 HEMLOCK USD 20,600 USD 17,600 BALSAM USD 49,000 USD 49,000 ESA USD 2,500 USD (85) ( ) USD115,000 5,449,592 54,495, ,438 6,267,030 62,670, USD115, ,053,122 20,531, ,052, ,633 2,676, $19,159,983 $7,176,

140 USD 77,830 1~2 53,198 2~3 35,466 USD 166, $2,762, Samsung Heavy Industries Co., Ltd. 13 USD1,339, Greencompass Marine S.A. Evergreen Marine (UK) Limited USD927,000 USD849,750 ( ) ( ) - (Uni Promote) ( ) USD17,

141 2010 Annual Report ( ) ( ) $ 3,481,722 $ - $ 3,481,722 1,369,016-1,369, ,908,594 1,908, , , , , , , , , ,170,000-1,170,000 1,344, ,416-42,416 2,603,172-2,603,172 1,940,106-1,940,106 ( ) 3,374,875-3,374,875 ( ) 11,974,271-11,974, ,338-72, , , , ,

142 $ 2,081,672 $ - $ 2,081,672 1,749,999-1,749, ,257,410 3,257, , , , , , , , , , , , ,000 1,534, ,533-42,533 2,162,157-2,162,157 99,959-99,959 1,591,285-1,591,285 ( ) 4,311,792-4,311,792 ( ) 13,997,076-13,997, , , , , , , , , , ,

143 2010 Annual Report 1. ( ) ( ) ( ) $31,442 $56,334 $324,799 $266, $264,796 $299,724 $0 ( ) $1,139,897 $573,332 $11,983,905 $14,003,

144 ( ) $ 1,827,829 $ - $ - $ - $ 1,827,829 ( 2,603,172 ) ( 2,603,172 ) $ 1,139,897 $ - $ - $ - $ 1,139,897 ( 3,735,691 ) ( 3,228,571 ) ( 3,328,571 ) ( 1,691,072 ) ( 11,983,905 ) 142

145 2010 Annual Report , , , , , , ,599, ,228, , ,

146 $ 1,908,928 $ 1,908, , ,287 1,170,000 1,170, , ,108 1,344,595 1,344, $ 4,058,762 $ 4,058, , , , , , ,312 1,534,441 1,534,

147 2010 Annual Report ( ) ( 1) ( 2) (%) ( 34) 0 Greencompass Marine S.A. 3 $ 131,018,984 $ 26,015,408 $ 22,611,948 $ % $ 163,773,730 (USD 833,093 ) (USD 774,833 ) 0 Peony Investment S.A ,018, , , % (USD 5,000 ) (USD 5,000 ) 0 EVERGREEN MARINE (UK) LTD ,018,984 19,643,049 17,682, % (USD 613,184 ) (USD 605,927 ) 0 Taranto Container Terminal S.p.A. 6 32,754, , , % (USD 20,746 ) (USD 20,772 ) 0 Whitney Equipment LLC ,018,984 3,035,565 2,747, % (USD 96,164 ) (USD 94,164 ) 0 Hemlock Equipment LLC ,018, , , % (USD 20,600 ) (USD 20,600 ) 0 Colon Container Terminal S.A. 6 32,754, , , % (USD 28,680 ) (USD 9,600 ) 0 Balsam Investment (Netherlands) N.V. 6 32,754,746 1,579,613 1,429, % (USD 49,000 ) (USD 49,000 ) 0 Evevgreen Agency (South Africa) (PTY) Ltd ,018,984 80,104 72, % (USD 2,500 ) (USD 2,500 ) % 65,509,492 x 250% NTD163,773,

148 3. (%) 4,765 $ 46,686, $ 46,681,932 5,500 94, ,813 44, , , ,062 8,418, ,106,979 12/31 4,800 77, , ,257 7,848, ,059,075 12/31 88, , ,593-1,290 12, , , ,735 1,250, ,477 5,250 43, ,078 Linden Technologies, Inc , Toplogis, Inc. 2,464 22, ,538-46, , ,965 1,579 63, ,

149 2010 Annual Report (%) - 33,882 $ 510,023 - $ 510,023 10, , ,008 12, , ,020 5,754 90,010-90,010 12, , ,060 42, , , , , ,063 5,000 48,518-48,518 5,000 49,848-49, , , , , (B ) - 100, , ,000-50, , ,

150 ,378 $395, ,271 $2,272, ,649 $2,667,619 $2,667,000 $ $ - 13, ,014 38, ,000 51, , , , , ,226 2,634, ,345 2,229,353 2,229, , ,005 17, , ,497 1,285, ,341 1,378,592 1,378, , ,000 5,191 80,005 1,297 20,000 6, , , , ,005 48, ,000 74, , , ,004 69, ,000 57, , , , ,000 17, ,000 14, ,000 31, , , ,057 32, ,439 2,100, ,742 2,042,305 2,042, ,754 90,000 4,205 58,067 85,550 1,184,000 76,768 1,062,365 1,062, , ,021 9, ,000 32, ,000 41, , , , , ,457 1,621, ,848 2,004,534 2,004, , , ,002 2,225, ,392 1,842,313 1,841, , , , ,000 68, , , ,123 90,033 7,665 85,000 15, , , , ,239 18, ,000 13, , , , ,000 3,210 50,000 6, ,000 9, , , ,420 45,040 10, ,000 13, , , , , , , , , , , , , , ,011 47, ,000 70, , , DWS - - 9, ,000 9, , ,

151 2010 Annual Report ( ) ( ) ( ) ( ) ( ) $ 776,310 5% 30~60 $ - - ($ 12,208 ) 1% 339,241 2% 30~ ( 34,509 ) 2% " " 1,824,329 11% 30~ ,904 7% 672,076 4% 30~ ( 50,949 ) 4% Greencompass Marine S.A. 242,542 2% 30~ ,280 2% " " 414,213 3% 30~ ,736 1% Gaining Enterprise S.A. 1,660,616 10% 30~

152 8. $ 124, $ 124,141 $ - 9. ( ) 150

153 2010 Annual Report ( ) 1. East 53rd Street, Marbella, MMG Building, 2nd Floor,Panama, Republic of Panama USD 476,500 USD 476,500 4, $ 46,686,907 $ 11,774,790 $ 11,773,770 ( ) ,000 55,000 5, ,813 11,871 6,529 ( ) , ,000 44, , ,169 56,468 ( ) 899 4,753,514 4,753, , ,418,428 1,082, ,099 ( ) ,000 25,000 4, ,345 10,961 3,425 ( ) ,767,879 10,767, , ,848,925 12,016,736 2,321,099 ( ) , ,731 88, ,142 ( 177,497 ) ( 37,335 ) Greencompass Marine S. A. East 53rd Street, Marbella, MMG Building, 2nd Floor,Panama, Republic of Panama USD 353,500 USD 353,500 3, USD 981,010 USD 230,904 USD 230,904 Vigor Enterprise S.A. East 53rd Street, Marbella, MMG Building, 2nd Floor,Panama, Republic of Panama USD 500 USD USD 527 (USD 15 ) (USD 15 ) Clove Holding Ltd. Craigmuir Chambers, P. O. Box71, Road Town, Tortola, B.V.I. USD 52,549 USD 52, USD 120,676 USD 5,611 USD 5,611 Evergreen Marine (UK) Ltd. 160 Euston Road, London NW 12 DX, U.K. USD 1,503 USD 1, USD 109,601 USD 151,558 USD 77,294 Evergreen Heavy Industrial Corp.(Malaysia) Berhad Lot 139, Jalan, Cecair, Phase 2 Free Trade Zone Johor Port Authority, Pasir Gudang, Johor, Johore Bahru, Malaysia USD 27,295 USD 27,295 42, USD 47,181 USD 3,540 USD 2,989 PT. Multi Bina Pura International JL Raya Cakung Cilincing, RT, , Desa Rorotan P.O. Box 6043 Jakarta Indonesia Lot 139, Jalan USD 20,204 USD 20, USD 17,371 USD 2,290 USD 2,

154 PT. Multi Bina Transport JL Raya Cakung Cilincing, RT, , Desa Rorotan P.O. Box 6043 Jakarta Indonesia Lot 139, Jalan USD 804 USD USD 726 USD 943 USD 164 PT. Evergreen Shipping Agency Indonesia Gedung Price waterhouse coopers 9-10th Floors Jl. H.R. Rasuna said kav. C-03 Jakarta 12920, Indonesia USD 973 USD USD 1,743 USD 1,853 USD 945 USD 3,134 USD 3, USD 3,120 (USD 762) (USD 419 ) Evergreen Shipping Agency (Singapore) Pte. Ltd. 333 Jalan Besar, Singapore USD 2,157 USD 2, USD 4,656 USD 55 USD 28 Evergreen Shipping Agency (Thailand) Co., Ltd. Green Tower, 24-25th Floors 3656/81 Rama IV Road Klongton Klongtoey Bangkok USD 1,474 USD 1, USD 2,580 USD 2,038 USD 1,039 Evergreen Shipping Agency (Korea) Corporation 12FL, POYAL BUILDING 5, DANGJN-DONG, CHONGRO-KU SEOUL KOREA USD 2,426 USD 2, USD 1,944 USD 573 USD 573 Armand Investment (Netherlands) N.V. VAN Engelenwen 21/A, Curacao Netherlands Antilles USD 9,203 USD 9, USD 9,309 (USD 606 ) (USD 424 ) Evergreen Shipping Agency (Deutschland) GmbH Evergreen Building Amsinckstrasse Hamburg,Germany USD 8,316 USD 8, USD 8,843 USD 243 USD 243 Evergreen Shipping Agency (Ireland) Ltd. 22 Fiztwilliam Place, Dublin 2, Ireland USD 95 USD USD 189 USD 19 USD 19 Evergreen Shipping Agency (India) Pvt. Ltd. J.N. HEREDIA MARG BALLARD ESTATE MUMBAI , INDIA USD 184 USD USD 2,323 USD 502 USD 502 Evergreen Shipping Agency (Australia) Pty. Ltd. Level 13,181 Miller Street, North Sydney NSW 2060 Australia USD 247 USD USD 481 USD 461 USD 311 Evergreen Shipping Agency (Netherlands) B.V. Oudelandseweg 33, 3194AR, Hoogvliet, Rotterdam, The Netherlands USD 3,977 USD 3, USD 4,862 USD 473 USD 473 Evergreen Shipping Agency France S.A. Tour Franklin-La Defense 8, PARIS LA DEFENSE CEDEX-FRANCE. USD 907 USD USD 1,337 USD 191 USD 189 Evergreen Shipping (Spain) S.L. CALLE SIETE AGUAS, 11 - ENTLO VALENCIA, SPAIN USD 3,870 USD 3, USD 6,494 USD 5,790 USD 3,

155 2010 Annual Report Evergreen Shipping Agency (Poland) SP. ZO. O UL. POSTEPU 18, WARSZAWA, POLAND USD 662 USD USD 598 USD 11 USD 11 Evergreen Argentina S.A. Pje. Carabelas 344, CABA, Bs. As. Argentina USD 140 USD USD 256 USD 72 USD 68 Evergreen Shipping Agency (Italy) S.p.A. SCALI CERERE, 9 LIVORNO ITALY USD 2,352 USD 2, USD 2,167 (USD 135 ) (USD 74 ) Evergreen Shipping Agency (Russia) Ltd. 6 Sofiyskaya Street, ST Petersburg, RUSSIA USD 848 USD USD 904 USD 1,584 USD 808 Evergreen Shipping Agency (Vietnam) Corp. 11F, Fideco Tower Ham Nghi St., Dist. 1, Ho Chi Minh City, Vietnam USD 454 USD USD 1,229 USD 1,881 USD 959 Evergreen Agency (South Africa) (PTY) Ltd. BEDFORDVIEW OFFICE PARK NO. 3 RILEY ROAD BEDFORDVIEW 2007, 2008 GAUTENG PROVINCE, JOHANNESBURG, GAUTENG, 2008, P.O.BOX 1471 USD 550 USD 550 5, USD 2,682 USD 2,289 USD 1, ( ) USD 4,447 USD 4, USD 7,124 USD 2,562 USD 1,025 ( ) 12 ( ) USD 2,000 USD 2, USD 2,286 USD 543 USD ( ) USD 1,199 USD 1, USD 2,222 USD 610 USD 244 Luanta Investment (Netherlands) N.V. 21-A Van Engelenweg, Curacao, Netherlands, Antilles USD 27,559 USD 21, USD 83,773 (USD 12,825 ) (USD 6,412 ) Balsam Investment (Netherlands) N.V. 21-A Van Engelenweg, Curacao, Netherlands, Antilles USD 106,213 USD 86, USD 111,634 USD 82,408 USD 40,

156 Green Peninsula Agencies SDN. BHD. NO.7, JALAN JURUTERA U1/23, SECTION U1, HICOM GLENMARIE INDUSTRIAL PARK, SHAH ALAM, SELANGOR DARUL EHSAN, MALAYSIA. USD 7,255 USD 7,255 1, USD 9,204 USD 4,986 USD 1,496 Evergreen Container Terminal (Thailand) Ltd. 33/4 Moo 1, Chaokhun Tahan Road, Sun District Klong 3, Lat Krabang District, Bangkok USD 20,327 USD 25,539 9, USD 28,617 USD 16,613 USD 8,004 Armand Investment (Netherlands ) N.V. Armand Estate B.V. Amsteldijk 166, 1079LH, Amsterdam USD 13,636 USD 13, USD 13,257 (USD 595 ) (USD 595 ) Armand Estate B.V. ( ) 7 25 USD 12,678 USD 12, USD 13,111 (USD 5,639 ) (USD 550 ) Armand Estate B.V. Clove Holding Ltd. Ample Holding Ltd. Craigmuir Chambers,P.O.BOX71,Road Town,Tortola,B.V.I USD 9 USD USD 33,754 USD 4,002 USD 3,602 Island Equipment LLC. 655 Deep Valley Drive, Suite 300, Rolling Hils Estates, CA USD 144 USD USD 1,696 USD 831 USD 299 Ample Holding Ltd. Colon Container Terminal S.A. COCO SOLO NOR TH ADM BUILDING PANAMA USD 22,860 USD 22,860 22, USD 69,741 USD 10,526 USD 4,210 Ample Holding Ltd. Island Equipment LLC. Whitney Equipment LLC C e n t e r v i l l e R o a d, S u i t e 4 0 0, Wilmington, Delaware USD 200 USD USD 1,363 USD 287 USD 287 Hemlock Equipment LLC C e n t e r v i l l e R o a d, S u it e 4 0 0, Wilmington, Delaware USD 200 USD USD 3,700 USD 1,015 USD 1,

157 2010 Annual Report 2. (%) 1 Evergreen Shipping Agency (India) Pvt. Ltd. USD 500 USD USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 Kingtrans Intl. Logistics (Tianjin) Co., Ltd. USD 1,500 USD 1, USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 Luanta Investment (Netherlands) N.V. USD 12,509 USD 14, ~ USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 EUR - EUR 100 NTD 13,101,898 NTD 26,203,797 2 Clove Holding Ltd. Island Equipment LLC. USD 4,791 USD 4, USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 3 Evergreen Marine (UK) Limited Island Equipment LLC. USD 1,996 USD 1, USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 Kingtrans Intl. Logistics (Tianjin) Co., Ltd. USD 1,500 USD 1, USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 4 Greencompass Marine S.A. Italia Marittima S.p.A. USD 10,000 USD USD - USD - - USD - NTD 13,101,898 NTD 26,203, % NTD 65,509,492*20%=NTD13,101, % NTD65,509,492*40%=NTD26,203,

158 3. 4. (Peony Investment S.A.) Clove Holding Ltd. 10 USD 120, USD 120,676 Evergreen Shipping Agency (Deutschland) GmbH - USD 8, USD 8,843 Evergreen Shipping Agency (Ireland) Ltd. - USD USD 189 Evergreen Shipping Agency (Korea) Corporation 121 USD 1, USD 1,944 Evergreen Shipping Agency (Netherlands) B.V. - USD 4, USD 4,862 Evergreen Shipping Agency (Poland) SP.ZO.O 2 USD USD 598 Greencompass Marine S.A. 3,535 USD 981, USD 981,010 Vigor Enterprise S.A. 5 USD USD 527 Evergreen Shipping Agency (India) Pvt Ltd. 100 USD 2, USD 2,323 Evergreen Argentina S.A. 150 USD USD 256 Evergreen Shipping Agency France S.A. 5 USD 1, USD 1,337 PT Multi Bina Pura International 68 USD 17, USD 17,371 PT Multi Bina Transport 2 USD USD 726 Evergreen Heavy Industrial Co., (Malaysia) Bhd. 42,120 USD 47, USD 47,181 Armand Investment (Netherlands) N.V. 4 USD 9, USD 9,309 Evergreen Shipping (Spain) S.L. 3 USD 6, USD 6,494 Evergreen Shipping Agency (Italy) S.p.A. 1 USD 2, USD 2,167 Shenzhen Greentrans Transportation Co., Ltd. ( ) - USD 3, USD 3,120 Evergreen Marine (UK) Ltd. 765 USD 109, USD 109,601 Evergreen Shipping Agency (Australia) Pty Ltd. 1 USD USD 481 Evergreen Shipping Agency (Russia) Ltd. - USD USD 904 Evergreen Shipping Agency (Singapore) Pte. Ltd. 765 USD 4, USD 4,656 Evergreen Shipping Agency (Thailand) Co., Ltd. 408 USD 2, USD 2,580 Evergreen Shipping Agency (Vietnam) Corp. - USD 1, USD 1,229 PT. Evergreen Shipping Agency Indonesia - USD 1, USD 1,743 Evergreen Agency (South Africa) (PTY) Ltd. 5,500 USD 2, USD 2,

159 2010 Annual Report (Peony Investment S.A.) Luanta Investment (Netherlands) N.V. 460 USD 83, USD 83,773 Balsam Investment (Netherlands) N.V. - USD 111, USD 111,634 Evergreen Container Terminal (Thailand) Ltd. 9,186 USD 28, USD 28,167 Ningbo Victory Container Co., Ltd.( ) - USD 2, USD 2,222 Qingdao Evergreen Container Storage & Transportation Co., Ltd.( ) - USD 7, USD 7,124 Green Peninsula Agencies SDN. BHD. 1,500 USD 9, USD 9,204 Kingtrans Intl. Logistics (Tianjin) Co., Ltd.( ( ) ) - USD 2, USD 2,286 Dongbu Pusan Container Terminal Co. Ltd USD 1, USD 1,556 Hutchison Inland Container Depots Ltd. 1 USD 1, USD 1,492 Colombo - South Asia Gateway Terminal 18,942 USD 2, USD 2,412 PT. Multi Bina Pura International PT. Multi Bina Transport 8 IDR 27,393, IDR 27,393,276 Clove Holding Ltd. Ample Holding LTD. 9 USD 33, USD 33,574 Island Equipment LLC. - USD 1, USD 1,696 Classic Outlook Investment Ltd. Clove - 2 USD 102, USD 102,359 Everup Profits Ltd. 2 USD USD - Ample Holding Ltd. Colon Container Terminal S.A. Ample 22,860 USD 69, USD 69,741 Island Equipment LLC. Whitney Equipment LLC. Island - USD 1, USD 1,363 Hemlock Equipment LLC. - USD 3, USD 3,

160 Evergreen Marine (UK) Limited Island Equipment LLC. EMU - GBP GBP 395 Evergreen Marine (UK) Limited Kingtrans Intl. Logistics (Tianjin) Co., Ltd. ( ( ) ) - GBP GBP 959 Evergreen Marine (UK) Limited Evergreen Shipping Agency (UK) Limited EMU - - GBP GBP - Lloyd triestino UK Limited - GBP GBP - Armand Investment (Netherlands) N.V. Armand Estate B.V. - USD 13, USD 13,257 Armand Estate B.V. Armand Estate B.V. 41 USD 13, USD 13,111 Greencompass Marine S.A USD 5,000 - USD 5,000 " 18,200 USD 62,365 - USD 62,365 Evergreen Shipping Agency (Singapore) Pte Ltd. RTW AIR SERVICES (S) PL EGS - 30 SGD SGD 50 Evergreen Shipping Agency (Thailand) Co., Ltd. Green Siam Air Service Co. EGT - 4 THB 1, THB 1,160 Evergreen Shipping Agency (Deutschland) GmbH Evergreen Shipping Agency (Austria) GmbH EGD - EUR EUR 18 Zoll Pool Hafen Hamburg AG 10 EUR EUR 10 Evergreen Shipping Agency (Switzerland) S.A. - EUR EUR

161 2010 Annual Report 8. ( ) ( ) ( ) ( ) ( ) ( ) $ 672,076 99% $ 50,949 68% Greencompass Marine S.A. USD 13,060 1% 15~ USD 7,764-15~ Evergreen Marine (Hong Kong) Ltd. USD 31,660 2% 15~ (USD -152 ) 18% USD 11,754 1% 15~ Evergreen International S.A. USD 21,308 1% 15~ (USD -144 ) 17% Evergreen Heavy Industrial Co., (Malaysia) Bhd. USD 45,770 3% 15~ ( ) USD 4,603-15~ Evergreen Heavy Industrial Corp. (Malaysia) Berhad Greencompass Marine S.A. MYR 146,031 85% MYR 28,216 75% Evergreen Marine (Singapore) Pte. Ltd. MYR 26,767 15% MYR 9,642 25% Evergreen Shipping Agency (Deutschland) GmbH Evergreen Marine (UK) Ltd. EUR 2,438 25% - - EUR 127 1% Evergreen Marine (UK) Ltd. ( ) GBP 2,107-30~ Evergreen Shipping Agency (Deutschland) GmbH GBP 2,010-30~ Evergreen Shipping Agency (Netherlands)B.V. GBP 2,959-30~ Evergreen Shipping Agency (Netherlands)B.V. Evergreen Marine (UK) Ltd. EUR 2,850 30% Island Equipment LLC Seaside Transportation Service LLC USD 3,709 21% USD % 159

162 9. Peony Investment S.A. Luanta Investment (Netherlands) N.V. USD 12, Evergreen Heavy Industrial Corp. (Malaysia) Berhad Greencompass Marine S.A. " MYR 28, MYR 4,636 $ - Clove Holding Ltd. Island Equipment LLC. USD 4, Greencompass Marine S.A. Evergreen Shipping Agency (Deutschland) GmbH " USD 4, USD 4,358 - Evergreen Shipping Agency France S.A. " USD 7, USD 7,892 - Evergreen Shipping (Spain) S.L. " USD 4,117 USD 4,117 - Evergreen Shipping Agency (Italy) S.p.A. " USD 5, USD 5,

163 2010 Annual Report 10. Greencompass Marine S.A. Evergreen Marine (UK) Ltd USD 40,863 (USD 8,166 ) USD 966 USD

164 ( ) ( 1) (Ningbo Victory Container Co., Ltd.) ( ) RMB 24,119 ( ) $ 29,708 (USD 1,018 ) (Qingdao Evergreen Container Storage & Transportation Co., Ltd.) ( ) RMB 92,500 ( ) $ 129,777 (USD 4,447 ) (Shenzhen Greentrans Transportation Co., Ltd.) RMB 44,960 ( ) $ 91,460 (USD 3,134 ) (Shenzhen Hutchison Inland Container Depots Co., Ltd.) HKD 92,000 ( ) $ 23,638 (HKD 6,304 ) ( ) (Kingtrans Intl. Logistics (Tianjin) Co., Ltd.) ( ) RMB 77,929 ( ) $ 116,732 (USD 4,000 ) ( 3) $ 391,315 $ 1,053,273 $ 39,494,112 (USD 12,599 ) (USD 36,092 ) (HKD 6,304 ) ( $65,823,520) 1 ( ) ( ) ( ) ( ) ( ) 2 ( ) ( ) $ 29,708 (USD 1,018 ) - - $ 129,777 (USD 4,447 ) - - $ 91,460 (USD 3,134 ) - - $ 23,638 (HKD 6,304 ) $ - - $ 116,732 (USD 4,000 ) ( 2)( (2) (3)) $ 7,680 (USD 244 ) $ 32,260 (USD 1,025 ) ($ 13,194 ) (-USD 419 ) 6.85 $ $ 4,841 (USD 154 ) $ 64,839 (USD 2,222 ) $ 207,893 (USD 7,124 ) 91,061 (USD 3,120 ) $ 23,638 (HKD 6,304 ) $ 133,399 (USD 4,571 ) $

165 2010 Annual Report ( ) ( ) ( ) % % $ 13,396, $ 11,944, ,006-1,486, ,553, ,166, ,537 3 ( ) 10% 163

166 27F, 333 Keelung Rd., Sec. 1, Taipei, Taiwan Tel : (886) Fax: (886) (100) (Peony Investment S.A.) (Peony Investment S.A.) (Peony Investment S.A.) ,120,287 42,213, % 36.96% ,796,175 27,471, % 33.53%

167 2010 Annual Report 17,329,990 14,601, % 12.78% ,876,206 5,337,

168 % % % % 1100 ( ( )) $ 19,716, $ 9,861, ( ( )) $ 2,603,172 2 $ 2,274, ( ( )) ,959 - ( ( )) 1,914, ,083, ( ( )) ,000 - ( ( )) 842, ,415, ,622-95, , ( ( )) 9,613, ,519, ,750, ,840, ( ) 297, , ( ) 135, , ,261, , ( ( )) 181, , ( ) 534,090-1,275, ,274, ,043, ( ( )) 158, , ( ) 161, , X ( ( )) 3,536, ,261, , , , , ,734-58, , , ( ( )) 315, ,523 1 ( ( )) 6,942, ,296, ( ) 561, , ( ) 2,224, , ( ( ) ) 5,311, ,353, XX 29,399, ,102, XX 44,000, ,599, ( ( )) 2,218, ,311, ( ( )) 24,139, ,652, ( ( )) 104, ,000-24XX 26,358, ,964, ( ( )) 957, , ( ( )) 3,135, ,180, ( ( )) 1,079, , ( ( )) 4,497, ,009, ,191-37, ( ( )) 27,363, ,223, ( ( )) 1,493, ,161, ,527-3, , ,095, XX 36,061, ,209, XX 3,586, ,143,234 3 ( ( ) ) 2XXX 59,343, ,210, ,173, ,191,302 2 ( ( )) ,920, ,932, ,248, ,625, , ,236 1 ( ( )) ,965, ,345, ,456, ,800, , , ,583, ,171, ,611, ,611, ,271, ,743, , , , , ,713-6, ,278-7,231 - ( ( )) ,841-18, ,586, ,586, XY 87,458, ,998, , , X9 ( 41,500,058) ( 32) ( 43,114,699) ( 38) ,407, ,242, ,130, XX 49,088, ,883, ( 5,055,677) ( 4) 640, ( 707,771) - ( 483,688) ( ( )) 59,300-70, ,184, , ,398, ,566, , ,227-3XXX 70,221, ,018, , ,490 - ( ) ,277-2,458 - ( ) 18XX 355, ,175-1XXX $ 129,565, $ 114,228, XXX $ 129,565, $ 114,228,

169 2010 Annual Report ( ( ) ) % % 4000 ( ( )) $ 109,353, $ 81,936, ( ( ) ) ( 91,522,204) ( 84) ( 88,857,342) ( 108) 5910 ( ) 17,830, ( 6,921,027) ( 8) 6200 ( ( ) ) ( 5,112,275) ( 4) ( 5,351,372) ( 7) 6900 ( ) 12,718, ( 12,272,399) ( 15) 7110 ( ) 220, , ( ( )) 4,337, , , ( ) 1,136, ,805, ,162-11, , ( ) 121, , ( ( )) 390, ,787, , , ,699, ,873, ( 484,217) ( 1) ( 399,737) ( 1) 7521 ( ( )) - - ( 4,990,591) ( 6) 7530 ( 29,680) - ( 18,109) ( 1,738) ( 18,509) - ( 8,093) ( ( )) ( 90,590) - ( 18,917) ( 37,434) - ( 38,996) ( 662,168) ( 1) ( 5,474,443) ( 7) 7900 ( ) 18,755, ( 12,873,647) ( 16) 8110 ( ) ( 983,010) ( 1) 666, XX $ 17,772, ($ 12,207,273) ( 15) 9601 $ 15,165, ($ 9,855,353) ( 12) ,607,116 2 ( 2,351,920) ( 3) $ 17,772, ($ 12,207,273) ( 15) ( )( ( )) 9710 ( ) $ 6.11 $ 5.79 ( $ 4.21 ) ( $ 3.99) 9740AA ( 0.90) ( 0.85 ) ( ) $ 5.21 $ 4.94 ( $ 3.40 ) ( $ 3.22) ( ) 9810 ( ) $ 5.90 $ 5.59 ( $ 4.21 ) ( $ 3.99) 9840AA ( 0.86) ( 0.82) ( ) $ 5.04 $ 4.77 ( $ 3.40) ( $ 3.22)

170 $ 30,609,390 $ 6,355,383 $ 7,522,313 $ 957,344 $ 18,161,703 $ 895,498 ($ 479,092) ($ 776,363) $ 4,468,728 $ 67,714, ,927 - ( 63,927) ,602 13, , , ,205-50, ( 291,789) , , , , ( 5,539) - - ( 5,539) , , ( 9,855,353) ( 2,351,920) ( 12,207,273) , , $ 30,625,992 $ 6,675,194 $ 7,586,240 $ 957,344 $ 8,242,423 $ 640,363 ($ 483,688) $ 207,729 $ 2,566,776 $ 57,018, $ 30,625,992 $ 6,675,194 $ 7,586,240 $ 957,344 $ 8,242,423 $ 640,363 ($ 483,688) $ 207,729 $ 2,566,776 $ 57,018, , , ,278,024 - ( 127,826) ( 127,826) ( 1,075,152) ( 68,319) 711,600 - ( 431,870) ( 4,620,888) ( 4,620,888) ( 155,764) - - ( 155,764) , , ,165, ,607,116 17,772, ( 775,847) ( 775,847) $ 31,248,395 $ 7,202,990 $ 7,586,240 $ 957,344 $ 23,407,874 ($ 5,055,677) ($ 707,771) $ 1,184,125 $ 4,398,045 $ 70,221,

171 2010 Annual Report $ 17,772,567 ($ 12,207,273) 5,348,986 5,591,437 33,911 39, , ,615 54,195 43,023 ( 1,106,930) ( 1,787,055) ( ) ( 3,811,698) 5,105, ,914 79,374-6 ( 6,828) - 1,359,963 ( 3,825,265) ( 2,726,091) ( 17,620) 216,465 22,557 80,525 1,124,586 ( 1,449,362) ( 169,287) 13, ,127 ( 310,585) ( 119,335) 964,593 ( 293,305) 877,217 ( 1,225,063) ( 3,576,226) ( 111,590) 11, , ,798 2,015,151 ( 792,317) 55,516 ( 479,330) 4,751,716 ( 4,483,016) 230,710 ( 244,394) 429,027 ( 37,283) 47,941 ( 71,018) 86,909 80,435 7,002 53, ,321 ( 872,382) ( ) 22,583,587 ( 13,863,826) ($ 544,019) ($ 3,360,501) ( 118,755) ( 6,520) 460,000 - ( 470,000) ( 2,340,866) 196, ,285 ( 794,744) ( 3,023,395) ( 8,365,849) ( 1,017,015) 164,063-1,191,782 2,082,530 ( 26,797) ( 75,502) ( 8,307,645) ( 7,638,984) ( ) 339,346 ( 609,916) ( ) ( 99,959) 99,959 ( ) ( 3,075,498) 995,847 ( 19,455) ( 212,639) - 4,797,900 ( ) ( 2,279) 1,279 ( 775,847) 449,968 ( ) ( 3,633,692) 5,522,398 ( 787,948) ( 1,310,163) - 162,946 ( ) 9,854,302 ( 17,127,629) 9,861,789 26,989,418 $ 19,716,091 $ 9,861,789 $ 293,411 $ 339,459 ( 7,000) - $ 286,411 $ 339,459 $ 230,771 $ 689,759 $ 6,942,992 $ 4,296,017 $ 1,247,300 $ 30,

172 / ( ) ( ) , ( ) (%) ( ) ( ) Greencompass Marine S.A. (GMS) Clove Holding Ltd (CLOVE) Vigor Enterprise S.A (VIGOR) Evergreen Marine (UK) Limited (EMU) Evergreen Heavy Industrial Corp., (Malaysia) Berhad (EHIC(M)) 170

173 2010 Annual Report (%) Armand Investment (Netherlands) N.V. (Armand N.V.) (SGTC) PT. Multi Bina Pura International (MBPI) PT. Multi Bina Transport (MBT) Evergreen Shipping Agency (Singapore) Pte. Ltd. (EGS) Evergreen Shipping Agency (Korea) Corporation (EGK) PT. Evergreen Shipping Agency Indonesia (EMI) Evergreen Shipping Agency (Thailand) Co., Ltd. (EGT) Evergreen Shipping Agency (India) Pvt. Ltd. (EGI) Evergreen Shipping Agency (Australia) Pty. Ltd. (EMA) Evergreen Shipping Agency (Italy) S.p.A. (EIT) Evergreen Shipping (Spain) S.L. (EES) Evergreen Shipping Agency (Russia) Ltd. (ERU) Evergreen Shipping Agency (Deutschland) GmbH (EGD)

174 (%) Evergreen Shipping Agency (Ireland) Ltd. (EGUD) Evergreen Shipping Agency (Poland) SP.ZO.O (EGD-WWX) Evergreen Shipping Agency France S.A. (EGF) Evergreen Shipping Agency (Netherlands) B.V. (EGN) Evergreen Shipping Agency (Vietnam) Corp. (EGV) Evergreen Agency (South Africa) (PTY) Ltd. (ESA) Evergreen Argentina S.A. (EGB) EMU Island Equipment LLC. (ISLAND) CLOVE Ample Holding Ltd. (AMPLE) Island Equipment LLC. (ISLAND) Armand N.V. Armand Estate B.V. (Armand B.V.) ISLAND Whitney Equipment LLC. (WHITNEY) MBPI Hemlock Equipment LLC. (HEMLOCK) PT. Multi Bina Transport (MBT)

175 2010 Annual Report ( ) ( ) EMA 51% 67.5% ( ) ( ) ( ) ( ) ( ) ( ) ( ) 50% ( ) 1. (1) (2) (3) (4) 2. (1) (2) (3) (4) 173

176 ( ) ( ) ( ) ( ) / ( )

177 2010 Annual Report (1) (2) (3) ( ) / 3. ( ) ( ) ( ) ( ) 175

178 ( ) 1. 20% 95 ( ) 2. ( ) ( ) 3 ( ) 176

179 2010 Annual Report ( ) (1) (2) (3) (4) 2. ( ) 15 ( ) 1. ( ) % 177

180 ( ) (96) (97) 127 ( ) ( ) ( )

181 2010 Annual Report ( ) $ 30,788 $ 23, ,567 4, ,025 24,949 2,972,687 2,743,522 1,174, ,198 14,122,814 6,269,427 ( ) ( 41,311 ) 1,137 $ 19,716,091 $ 9,861, %~14.00% 0.02%~11.00% ( ) $ 290 $ 290 2,041,462 3,335, ,215 9, ,158 2,047,125 4,148,547 ( 132,824 ) ( 65,352) $ 1,914,301 $ 4,083,195 $ 100,000 $ 100,000 4,287 - $ 104,287 $ 100, $90,590 $18,

182 ( ) ( ) $ 490,801 $ 490,801 ( ) 3,871 3, , , , ,640 $ 957,108 $ 692,312 ( ) $ - $ 160,000 $ 1,315,915 $ 200,000 1,820,000 1,980,866 $ 3,135,915 $ 2,180,866 ( ) $ 4,497,128 $ 5,009, ( : ( ) ) % $10 $196,674 $189,846 $6, Classic Outlook Investments Ltd. Everup Profits Ltd. CLOVE ( ) 180

183 2010 Annual Report ( ) $ 9,655,574 $ 7,550,063 ( 23,461 ) ( 2,865 ) ( 18,355 ) ( 27,491 ) 9,613,758 7,519, , ,514 $ 9,911,443 $ 7,834,221 ( ) $ 158,383 $ 238,908 ( ) $ 2,709,121 $ 1,998, , ,076 $ 3,536,327 $ 2,261,692 ( ) $ 1,173,694 $ 1,000, ,828 1,129,063 3,788, ,093 $ 5,311,059 $ 2,353, Gaining Enterprise S.A.Italia Marittima S.p.A.Evergreen Marine (Hong Kong) Ltd. Evergreen Marine (Singapore) Pte. Ltd. 181

184 ( ) ( ) 40.00% $ 575,326 $ 540,458 ( ) 39.74% 8,418,428 7,932,844 ( ) 31.25% 77,345 73,919 ( ) 19.32% 7,848,925 6,186,214 ( ) 27.87% 1,208,758 1,263, % 64,839 73, % 207, ,077 ( ) 30.20% 133, ,237 Luanta Investment (Netherlands) N.V % 2,444,745 2,740,340 Balsam Investment (Netherlands) N.V % 3,257,816 1,749,763 Colon Container Terminal S.A % 2,035,250 2,126,671 Evergreen Container Terminal (Thailand) Ltd % 821, ,565 Green Peninsula Agencies SDN. BHD % 268, ,701 $ 27,363,307 $ 24,223, ( ) ( ) $ 56,468 $ 47,703 ( ) 471, ,948 ( ) 3,425 8,766 ( ) 2,321,099 ( 540,724 ) ( ) ( 54,659 ) ( 23,615 ) 7,680 13,234 32,260 29,229 ( ) 4,841 ( 2,502 ) Luanta Investment (Netherlands) N.V. ( 201,841) ( 74,934 ) Balsam Investment (Netherlands) N.V. 1,265,490 ( 4,941,532 ) Colon Container Terminal S.A. 132,531 64,275 Evergreen Container Terminal (Thailand) Ltd. 251,950 70,351 Green Peninsula Agencies SDN. BHD. 47,084 28,210 $ 4,337,426 ($ 4,990,591 ) 182

185 2010 Annual Report 3. Evergreen Container Terminal(Thailand) Ltd % THB159, ( ( ) ) 10 ( ) ( ) 82,481 ( ) $ 2,173,390 $ - $ 2,173,390 2,920,953 ( 1,309,106 ) 1,611, ,259 ( 547,774 ) 170,485 7,965,773 ( 4,879,032 ) 3,086, ,946 ( 258,481 ) 39,465 23,583,460 ( 12,394,327 ) 11,189,133 49,271,864 ( 21,726,921 ) 27,544, ,976 ( 371,449 ) 131,527 8,278 ( 7,333 ) ,841 ( 5,635 ) 10,206 87,458,740 ( 41,500,058 ) 45,958,682 3,130,153-3,130,153 $ 90,588,893 ($ 41,500,058 ) $ 49,088,

186 $ 2,191,302 $ - $ 2,191,302 2,932,527 ( 1,215,621 ) 1,716, ,236 ( 544,782 ) 192,454 7,345,220 ( 4,486,537 ) 2,858, ,449 ( 274,635 ) 39,814 25,171,261 ( 14,765,472 ) 10,405,789 54,743,663 ( 21,428,469 ) 33,315, ,681 ( 386,524 ) 151,157 7,231 ( 5,713 ) 1,518 18,040 ( 6,946 ) 11,094 $ 93,998,610 ($ 43,114,699 ) $ 50,883, USD1,361,700 USD1,665,300 GARD P&I (PROTECTION & INDEMNITY) USD 5,000, $ 6,108,545 $6,727, $3,936,788 $4,548, USD632,591 USD261, $7,000 ( ) $ 2,602,020 $ 2,285,964 ( ) 1,152 ( 11,744 ) $ 2,603,172 $ 2,274, %~0.76% 0.60%~0.84% 184

187 2010 Annual Report ( ) $ - $ 100,000 - ( 41 ) $ - $ 99, % ( ) $ 238,467 $ 255,732 72, , , , , , ,750 $ 842,874 $ 1,415, $ 390,685 $1,787, ( ) $ 1,156,100 $ - 5,786,892 4,296,017 $ 6,942,992 $ 4,296,017 ( ) $ 1,252,700 $ 2,500,000 2,500,000 2,500,000 ( 377,825 ) ( 688,208 ) 3,374,875 4,311,792 ( 1,156,100 ) - $ 2,218,775 $ 4,311,

188 ( ) $2,500,000 (1) (2) 0% (3) (4) a. ( ) b. ( ) ( ) 14 c. ( ) (5) ( ) (6) a. 30%( ) b. 10% c. (7) a

189 2010 Annual Report 3 ( ) b %~110% (8) ( ) 3 ( ) ( ) ( ) (9) ( ) $2,500,000 (1) (2) 0% (3) (4) (5) a %( ) 30 b $250,000( 187

190 10%) c. (6) ( % 0.5% % 0.5%) (7) a ( ) b % (8) ( ) 3 ( ) ( ) ( ) (9) $1,247,300 - $655, ,

191 2010 Annual Report $256,205 ( ) $ 4,782,041 $ 5,410,473 23,406,325 27,719,186 ( 80,840 ) ( 190,280 ) - ( 9,634 ) ( 6,234 ) 28,097,892 32,933,145 ( 5,786,892 ) ( 4,296,017 ) 1,828,352 2,015,273 $ 24,139,352 $ 30,652, %~9.38% 0.63%~9.38% CLOVE Classic Outlook Investments Ltd. Everup Profits Ltd. Edgeware Profits Ltd. ( ) ( ) % 189

192 2. (1) % 2.25% 2.00% 2.00% 2.00% 2.25% (2) ($ 264,199 ) ($ 281,642 ) ( 1,280,282 ) ( 1,102,242 ) ( 1,544,481 ) ( 1,383,884 ) ( 343,017 ) ( 155,972 ) ( 1,887,498 ) ( 1,539,856 ) 464, ,292 ( 1,422,892 ) ( 1,004,564 ) 52,417 78,316 16,073 17, , ,803 ( 659,202 ) ( 514,827 ) ($ 1,079,875 ) ($ 848,592 ) (3) $ 45,092 $ 54,161 34,647 35,481 ( 12,044 ) ( 13,229 ) 25,900 25,901 1,607 1,607 33,401 31,269 $ 128,603 $ 135,

193 2010 Annual Report % $159,977 $162,664 ( ) $36,000,000 $31,248,395 3,124, ( ) ( ) - $ - 1,660 $ 16,602 62, , ,240 $ 622,403 1,660 $ 16,602 ( ) 1. 10% 2. - ( ) ( ) % 0.5% 5% 10% 2. 50% 191

194 3. ( ) ( ) ( ) $ - $ 63,927 $ - - $ $ - $ 63, $40,000 $55,000 ( ) $ 104,680,813 $ 77,147, ,245 1,048,861 1,767,410 1,664, ,955 9,994 1,982,753 2,066,031 $ 109,353,176 $ 81,936,

195 2010 Annual Report ( ) ( ) $ 983,010 ($ 666,374 ) ( ) ( 77,039 ) ( 141,011 ) 24,828 41,592 ( 26,265 ) 7,179 ( 725,321 ) 872,382 $ 179,213 $ 113,768 ($ 2,303 ) ($ 24,670 ) 181, ,438 $ 179,213 $ 113,

196 ( ) $ 315,468 $ 734,237-92,892 73,731 - ( 65 ) ( 29,714 ) - ( 1,586,630 ) ( 1,234,753 ) - - ($ 1,178,335 ) ($ 456,499 ) 2. ( ) $ 1,766 $ 300 $ 1,612 $ 322 ( 267 ) ( 65 ) ( 154,698 ) ( 29,660 ) ( ) 43,347 7,289 ( 223 ) ( 54 ) 131,424 22,342 56,183 11, ,501 57, , ,258 2, ,222, ,843 2,902, ,466 19,830 19,830-14,954 $ 315,403 $ 704,523 $ 23,101 $ 6,759 $ 23,576 $ 6, ,674 71, ,828 66,769 1, ( 8,934,533 ) ( 1,527,007 ) ( 5,972,979 ) ( 1,199,801 ) ( 181,914 ) ( 45,178 ) ( 141,079 ) ( 34,952 ) ($ 1,493,738 ) ($ 1,161,022 ) 194

197 2010 Annual Report $ 14,768 $ 14, ,876 4, $ 2,456,334 $ 417,577 $ 207, $ 5,570,596 $ 5,570, ,837,278 2,671,827 $ 23,407,874 $ 8,242, $2,509,271 $2,405, % % 195

198 ( ) ( ) 99 ( ) ( ) $ 18,755,577 $ 17,772,567 3,070,781 $ 6.11 $ 5.79 ( 2,751,317 ) ( 2,607,116 ) ( 0.90) ( 0.85 ) $ 16,004,260 $ 15,165,451 $ 5.21 $ 4.94 $ 18,755,577 $ 17,772,567 $ 5.90 $ 5.59 ( 2,751,317 ) ( 2,607,116 ) ( 0.86 ) ( 0.82 ) 47,693 47, , ,502 $ 16,501,953 $ 15,213,144 $ 3,188,851 $ 5.04 $ ( ) ( ) ( 12,873,647 ) ( 12,207,273 ) 3,061,502 ($ 4.21 ) ($ 3.99 ) 2,480,313 2,351, ($ 10,393,334 ) ($ 9,855,353 ) ($ 3.40 ) $ 3.22 ) ($ 10,393,334 ) ($ 9,855,353 ) $ 3,061,502 ($ 3.40 ) ($ 3.22 )

199 2010 Annual Report 97 ( ) : 99 $ 1,363,705 $ 2,518,724 $ 3,882,429 34, , , , , , ,914 89, ,483 5,150, ,112 5,348, ,743 33, , $ 1,523,003 $ 2,443,511 $ 3,966,514 37, , , , , , ,204 90, ,770 5,370, ,889 5,591, ,627 38, ,

200 ( ) (EIS) (Evergreen International S.A.) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) Evergreen Marine (Hong Kong) Ltd.(EGH) Evergreen Marine (Singapore) Pte. Ltd.(EMS) ( ) ( ) (NVC) (QECT) ( ) (KTIL) Green Peninsula Agencies SDN. BHD. (GPA) Luanta Investment (Netherlands) N.V.(Luanta) Balsam Investment (Netherlands) N.V.(Balsam) Taranto Container Terminal S.p.A. (TCT) Italia Marittima S.p.A.(ITS) Evergreen Container Terminal (Thailand) Ltd. (ECTT) Colon Container Terminal S.A. (CCT) Gaining Enterprise S.A. (GESA) Seaside Transportation Service LLC. (STS) Sinotrans Group Shenzhen Co.(SGSC) ( 98 3 Luanta Balsam ISLAND SGTC 198

201 2010 Annual Report ( ) (%) (%) $ 1,831,264 2 $ 1,863, , ,761 - EIS 267, ,724 1 EGH 445, ,637 1 ITS 582, ,294 - EMS 803, ,059 - STS 116,745-68,066 - GESA 28,510-24, $ 4,171,143 4 $ 3,778, (%) (%) $ 776,310 1 $ 808, , , ,718-43,930-56,697-43,675-3,648-8,067 - GESA 1,660, ,737,509 2 EIS 670,705-1,460,160 2 EGH 1,096, ,516 - ITS 9,443-41,607-1,808-2,988 - $ 4,941,816 5 $ 5,325,

202 3. (1) $ 274 $ 2,356 EHIC(M) ,782 $ 274 $ 415,138 (2) $ - $ - $ 745 $ $ 88 $ 82 $ 745 $ (1) ( ) (%) (%) $ 94, $ 98, , , $ 96, $ 100,

203 2010 Annual Report (2) ( ) (%) (%) $ 43, $ 47, $ 43, $ 48, (3) ( ) (%) (%) $ 603, $ 636, GESA 1,660, ,737, EIS 670, ,460, EGH 4, ITS 9,443-41,607 1 $ 2,948, $ 3,875, ( ) (%) (%) $ 115,167 1 $ 215, ,062-24,318 - EIS 7,061-51,410 1 ITS 48, ,380 - EMS 100, ,981-11,211 - $ 297,685 3 $ 314,

204 (%) (%) $ 62,237 3 $ 133,691 7 ITS 3, , Luanta 372, , EIS 1, ,781 5 KTIL 87, ,584 5 SGSC , , ,551 - $ 534, $ 1,275, (%) (%) $ 34,509 1 $ 25, , ITS 31, ,285 5 EIS 19,341-31,843 1 EMS 22, ,078 - EGH 10,645-4,473-4,535-14,105 - $ 135,028 3 $ 203, (%) (%) EIS $ 103, $ 115, ITS 58, ,210 8 $ 161, $ 179,

205 2010 Annual Report ( ) BALSAM USD 49,000 USD 49,000 CCT USD 9,600 USD 28,680 TCT USD 20,772 USD 20,250 ( ) $61,904 $54, $940 $1, EMS $ 9,983 $ 10,336 GESA 8,920 7,392 EIS 2,734 5,651 EGH 3,821 3,709 $ 25,458 $ 27, ( ) $ 376,262 $ 91,

206 6. Gaining Enterprise S.A. Italia Marittima S.p.A.Evergreen Marine (Hong Kong) Ltd. Evergreen Marine (Singapore) Pte. Ltd. ( ) (1) EIS $ 135,877 $ 703,591 ITS 86, ,213 GESA 27,908 20,059 $ 250,583 $ 1,127,863 (2) EMS $ 326,920 $ 244,025 EGH 125, ,299 $ 452,774 $ 458, ( ) $ 89,595 $ 94,591 EIS 49,054 63,945 EMS 30,916 24,224 GESA 20,937 17,093 EGH 19,405 16,703 ITS 8,426 7,130 $ 218,333 $ 223,686 ( ) $ 125,062 $ 129,358 6,018 3,739 59,134 1,914 $ 190,214 $ 135,

207 2010 Annual Report ( ) 99 $50,000 $146 ( ) $ 561, ,508 2,000 2,000 1,800,093 1,800, , ,429 2,349,818 1,845,779-1,893,478 Classic Outlook Investments Ltd. 2,987,135 3,292,523 Everup Profits Ltd. 7 7 ( ) 1,670,471 1,542,956 $ 10,210,846 $ 11,493,

208 USD 5,000 USD 5, BALSAM USD 49,000 USD 49,000 CCT USD 9,600 USD 28,680 TCT USD 20,772 USD 20, (85) ( ) USD115,000 5,449,592 54,495, ,438 6,267,030 62,670, USD115, ,053,122 20,531, ,052, ,633 2,676, $19,159,983 $7,176, USD 216,722 1~2 156,412 2~3 116,884 3~4 56,933 4~5 51, ,082 USD 745,

209 2010 Annual Report $27,762, Samsung Heavy Industries Co., Ltd. USD1,339, USD1,179, ( ) ( ) -(Uni Promote) ( ) USD17, Clove Holding Ltd Actionfirm Limited USD29 - Classic Outlook Investments Ltd. Everup Profits Ltd. USD128,120 USD25,

210 ( ) ( ) $ 19,716,091 $ - $ 19,716,091 11,780,623-11,780, ,908,594 1,908, , , , , , , , , ,135,915-3,135,915 4,497, , ,902 2,603,172-2,603,172 16,303,945-16,303,945 ( ) 3,374,875-3,374,875 ( ) 24,240,182-24,240,182 32,191-32, ,215-5, , ,467 72,338-72, , , , ,

211 2010 Annual Report $ 9,861,789 $ - $ 9,861,789 9,910,014-9,910, ,271,884 3,271, , , , , , , , , , , ,180,866-2,180,866 5,009, , ,227 2,274,220-2,274,220 99,959-99,959 10,112,477-10,112,477 ( ) 4,311,792-4,311,792 ( ) 34,954,652-34,954,652 37,992-37, ,296-9, , , , , , , , , , , , ,

212 1. ( ) ( ) ( ) $216,879 $216,431 $ 484,217 $399, $264,796 $299,724 $0 ( ) $158 $663 $238,467 $255,732 $3,914,665 $2,756,793 $28,107,525 $33,051,

213 2010 Annual Report ( ) $ 15,261,212 $ - $ - $ - $ 15,261,212 ( 2,603,172 ) ( 2,603,172 ) $ 3,914,665 $ - $ - $ - $ 3,914,665 ( 5,786,892 ) ( 5,566,307 ) ( 4,992,464 ) ( 11,761,862 ) ( 28,107,525 ) 211

214 : $ 402, $ 338, , , ,638, , , , , , , , , , , , , ,

215 2010 Annual Report $ 1,914,301 $ 1,914, , ,827 1,315,915 1,315,915 1,820,000 1,820, , ,108 4,497,128 4,497, $ 4,083,195 $ 4,083, , , , ,000 1,980,866 1,980, , ,312 5,009,094 5,009,

216 ( ) ( 1) ( 2) (%) ( 34) 0 Greencompass Marine S.A. 3 $ 131,018,984 $ 26,015,408 $ 22,611,948 $ % $ 163,773,730 (USD 833,093 ) (USD 774,833 ) 0 Peony Investment S.A ,018, , , % (USD 5,000 ) (USD 5,000 ) 0 EVERGREEN MARINE (UK) LTD ,018,984 19,643,049 17,682, % (USD 613,184 ) (USD 605,927 ) 0 Taranto Container Terminal S.p.A. 6 32,754, , , % (USD 20,746 ) (USD 20,772 ) 0 Whitney Equipment LLC ,018,984 3,035,565 2,747, % (USD 96,164 ) (USD 94,164 ) 0 Hemlock Equipment LLC ,018, , , % (USD 20,600 ) (USD 20,600 ) 0 Colon Container Terminal S.A. 6 32,754, , , % (USD 28,680 ) (USD 9,600 ) 0 Balsam Investment (Netherlands) N.V. 6 32,754,746 1,579,613 1,429, % (USD 49,000 ) (USD 49,000 ) 0 Evevgreen Agency (South Africa) (PTY) Ltd ,018,984 80,104 72, % (USD 2,500 ) (USD 2,500 ) % 65,509,492 x 250% NTD163,773,

217 2010 Annual Report 3. (%) 4,765 $ 46,686, $ 46,681,932 5,500 94, ,813 44, , , ,062 8,418, ,106,979 12/31 4,800 77, , ,257 7,848, ,059,075 12/31 88, , ,593-1,290 12, , , ,735 1,250, ,477 5,250 43, ,078 Linden Technologies,Inc , Toplogis,Inc. 2,464 22, ,538-46, , ,965 1,579 63, , : 215

218 (%) - 33,882 $ 510,023 - $ 510,023 10, , ,008 12, , ,020 5,754 90,010-90,010 12, , ,060 42, , , , , ,063 5,000 48,518-48,518 5,000 49,848-49, , , , , (B ) - 100, , ,000-50, , ,

219 2010 Annual Report ,378 $395, ,271 $2,272, ,649 $2,667,619 $2,667,000 $ $ - 13, ,014 38, ,000 51, , , , , ,226 2,634, ,345 2,229,353 2,229, , ,005 17, , ,497 1,285, ,341 1,378,592 1,378, , ,000 5,191 80,005 1,297 20,000 6, , , , ,005 48, ,000 74, , , ,004 69, ,000 57, , , , ,000 17, ,000 14, ,000 31, , , ,057 32, ,439 2,100, ,742 2,042,305 2,042, ,754 90,000 4,205 58,067 85,550 1,184,000 76,768 1,062,365 1,062, , ,021 9, ,000 32, ,000 41, , , , , ,457 1,621, ,848 2,004,534 2,004, , , ,002 2,225, ,392 1,842,313 1,841, , , , ,000 68, , , ,123 90,033 7,665 85,000 15, , , , ,239 18, ,000 13, , , , ,000 3,210 50,000 6, ,000 9, , , ,420 45,040 10, ,000 13, , , , , , , , , , , , , , ,011 47, ,000 70, , , DWS - - 9, ,000 9, , ,

220 ( ) ( ) ( ) ( ) ( ) $ 776,310 5% 30~60 $ - - ($ 12,208 ) 1% 339,241 2% 30~ ( 34,509 ) 2% " " 1,824,329 11% 30~ ,904 7% 672,076 4% 30~ ( 50,949 ) 4% Greencompass Marine S.A. 242,542 2% 30~ ,280 2% " " 414,213 3% 30~ ,736 1% Gaining Enterprise S.A. 1,660,616 10% 30~ : 218

221 2010 Annual Report 8. $ 124, $ 124,141 $ - 9. ( ) 219

222 ( ) 1. East 53rd Street, Marbella, MMG Building, 2nd Floor,Panama, Republic of Panama USD 476,500 USD 476,500 4, $ 46,686,907 $ 11,774,790 $ 11,773,770 ( ) ( ) ,000 55,000 5, ,813 11,871 6,529 ( ) ( ) , ,000 44, , ,169 56,468 ( ) 899 4,753,514 4,753, , ,418,428 1,082, ,099 ( ) ,000 25,000 4, ,345 10,961 3,425 ( ) ,767,879 10,767, , ,848,925 12,016,736 2,321,099 ( ) , ,731 88, ,142 ( 177,497 ) ( 37,335 ) Greencompass Marine S. A. East 53rd Street, Marbella, MMG Building, 2nd Floor,Panama, Republic of Panama USD 353,500 USD 353,500 3, USD 981,010 USD 230,904 USD 230,904 ( ) Vigor Enterprise S.A. East 53rd Street, Marbella, MMG Building, 2nd Floor,Panama, Republic of Panama USD 500 USD USD 527 (USD 15 ) (USD 15 ) ( ) Clove Holding Ltd. Craigmuir Chambers, P. O. Box71, Road Town, Tortola, B.V.I. USD 52,549 USD 52, USD 120,676 USD 5,611 USD 5,611 ( ) Evergreen Marine (UK) Ltd. 160 Euston Road, London NW 12 DX, U.K. USD 1,503 USD 1, USD 109,601 USD 151,558 USD 77,294 ( ) Evergreen Heavy Industrial Corp.(Malaysia) Berhad Lot 139, Jalan, Cecair, Phase 2 Free Trade Zone Johor Port Authority, Pasir Gudang, Johor, Johore Bahru, Malaysia USD 27,295 USD 27,295 42, USD 47,181 USD 3,540 USD 2,989 ( ) PT. Multi Bina Pura International JL Raya Cakung Cilincing, RT, , Desa Rorotan P.O. Box 6043 Jakarta Indonesia Lot 139, Jalan USD 20,204 USD 20, USD 17,371 USD 2,290 USD 2,183 ( ) 220

223 2010 Annual Report PT. Multi Bina Transport JL Raya Cakung Cilincing, RT, , Desa Rorotan P.O. Box 6043 Jakarta Indonesia Lot 139, Jalan USD 804 USD USD 726 USD 943 USD 164 ( ) PT. Evergreen Shipping Agency Indonesia Gedung Price waterhouse coopers 9-10th Floors Jl. H.R. Rasuna said kav. C-03 Jakarta 12920, Indonesia USD 973 USD USD 1,743 USD 1,853 USD 945 ( ) USD 3,134 USD 3, USD 3,120 (USD 762 ) (USD 419 ) ( ) Evergreen Shipping Agency (Singapore) Pte. Ltd. 333 Jalan Besar, Singapore USD 2,157 USD 2, USD 4,656 USD 55 USD 28 ( ) Evergreen Shipping Agency (Thailand) Co., Ltd. Green Tower, 24-25th Floors 3656/81 Rama IV Road Klongton Klongtoey Bangkok USD 1,474 USD 1, USD 2,580 USD 2,038 USD 1,039 ( ) Evergreen Shipping Agency (Korea) Corporation 12FL, POYAL BUILDING 5, DANGJN-DONG, CHONGRO-KU SEOUL KOREA USD 2,426 USD 2, USD 1,944 USD 573 USD 573 ( ) Armand Investment (Netherlands) N.V. VAN Engelenwen 21/A, Curacao Netherlands Antilles USD 9,203 USD 9, USD 9,309 (USD 606 ) (USD 424 ) ( ) Evergreen Shipping Agency (Deutschland) GmbH Evergreen Building Amsinckstrasse Hamburg,Germany USD 8,316 USD 8, USD 8,843 USD 243 USD 243 ( ) Evergreen Shipping Agency (Ireland) Ltd. 22 Fiztwilliam Place, Dublin 2, Ireland USD 95 USD USD 189 USD 19 USD 19 ( ) Evergreen Shipping Agency (India) Pvt. Ltd. J.N. HEREDIA MARG BALLARD ESTATE MUMBAI , INDIA USD 184 USD USD 2,323 USD 502 USD 502 ( ) Evergreen Shipping Agency (Australia) Pty. Ltd. Level 13,181 Miller Street, North Sydney NSW 2060 Australia USD 247 USD USD 481 USD 461 USD 311 ( ) Evergreen Shipping Agency (Netherlands) B.V. Oudelandseweg 33, 3194AR, Hoogvliet, Rotterdam, The Netherlands USD 3,977 USD 3, USD 4,862 USD 473 USD 473 ( ) Evergreen Shipping Agency France S.A. Tour Franklin-La Defense 8, PARIS LA DEFENSE CEDEX-FRANCE. USD 907 USD USD 1,337 USD 191 USD 189 ( ) Evergreen Shipping (Spain) S.L. CALLE SIETE AGUAS, 11 - ENTLO VALENCIA, SPAIN USD 3,870 USD 3, USD 6,494 USD 5,790 USD 3,184 ( ) 221

224 Evergreen Shipping Agency (Poland) SP. ZO. O UL. POSTEPU 18, WARSZAWA, POLAND USD 662 USD USD 598 USD 11 USD 11 ( ) Evergreen Argentina S.A. Pje. Carabelas 344, CABA, Bs. As. Argentina USD 140 USD USD 256 USD 72 USD 68 ( ) Evergreen Shipping Agency (Italy) S.p.A. SCALI CERERE, 9 LIVORNO ITALY USD 2,352 USD 2, USD 2,167 (USD 135 ) (USD 74) ( ) Evergreen Shipping Agency (Russia) Ltd. 6 Sofiyskaya Street, ST Petersburg, RUSSIA USD 848 USD USD 904 USD 1,584 USD 808 ( ) Evergreen Shipping Agency (Vietnam) Corp. 11F, Fideco Tower Ham Nghi St., Dist. 1, Ho Chi Minh City, Vietnam USD 454 USD USD 1,229 USD 1,881 USD 959 ( ) Evergreen Agency (South Africa) (PTY) Ltd. BEDFORDVIEW OFFICE PARK NO. 3 RILEY ROAD BEDFORDVIEW 2007, 2008 GAUTENG PROVINCE, JOHANNESBURG, GAUTENG, 2008, P.O.BOX 1471 USD 550 USD 550 5, USD 2,682 USD 2,289 USD 1,259 ( ) 114 ( ) USD 4,447 USD 4, USD 7,124 USD 2,562 USD 1,025 ( ) 12 ( ) USD 2,000 USD 2, USD 2,286 USD 543 USD ( ) USD 1,199 USD 1, USD 2,222 USD 610 USD 244 Luanta Investment (Netherlands) N.V. 21-A Van Engelenweg, Curacao, Netherlands, Antilles USD 27,559 USD 21, USD 83,773 (USD 12,825 ) (USD 6,412 ) Balsam Investment (Netherlands) N.V. 21-A Van Engelenweg, Curacao, Netherlands, Antilles USD 106,213 USD 86, USD 111,634 USD 82,408 USD 40,

225 2010 Annual Report Green Peninsula Agencies SDN. BHD. NO.7, JALAN JURUTERA U1/23, SECTION U1, HICOM GLENMARIE INDUSTRIAL PARK, SHAH ALAM, SELANGOR DARUL EHSAN, MALAYSIA. USD 7,255 USD 7,255 1, USD 9,204 USD 4,986 USD 1,496 Evergreen Container Terminal (Thailand) Ltd. 33/4 Moo 1, Chaokhun Tahan Road, Sun District Klong 3, Lat Krabang District, Bangkok USD 20,327 USD 25,539 9, USD 28,617 USD 16,613 USD 8,004 Armand Investment (Netherlands ) N.V. Armand Estate B.V. Amsteldijk 166, 1079LH, Amsterdam USD 13,636 USD 13, USD 13,257 (USD 595 ) (USD 595 ) ( ) Armand Estate B.V. ( ) 7 25 USD 12,678 USD 12, USD 13,111 (USD 5,639 ) (USD 550 ) Armand Estate B.V. Clove Holding Ltd. Ample Holding Ltd. Craigmuir Chambers,P.O.BOX71,Road Town,Tortola,B.V.I USD 9 USD USD 33,754 USD 4,002 USD 3,602 ( ) Island Equipment LLC. 655 Deep Valley Drive, Suite 300, Rolling Hils Estates, CA USD 144 USD USD 1,696 USD 831 USD 299 ( ) Ample Holding Ltd. Colon Container Terminal S.A. COCO SOLO NORTH ADM BUILDING PANAMA USD 22,860 USD 22,860 22, USD 69,741 USD 10,526 USD 4,210 Ample Holding Ltd. Island Equipment LLC. Whitney Equipment LLC Centerville Road, Suite 400, Wilmington, Delaware USD 200 USD USD 1,363 USD 287 USD 287 ( ) Hemlock Equipment LLC Centerville Road, Suite 400, Wilmington, Delaware USD 200 USD USD 3,700 USD 1,015 USD 1,015 ( ) : 223

226 2. (%) 1 Evergreen Shipping Agency (India) Pvt. Ltd. ( 4) USD 500 USD USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 Kingtrans Intl. Logistics (Tianjin) Co., Ltd. USD 1,500 USD 1, USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 Luanta Investment (Netherlands) N.V. USD 12,509 USD 14, ~ USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 EUR - EUR 100 NTD 13,101,898 NTD 26,203,797 2 Clove Holding Ltd. Island Equipment LLC. ( 4) USD 4,791 USD 4, USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 3 Evergreen Marine (UK) Limited Island Equipment LLC. ( 4) USD 1,996 USD 1, USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 Kingtrans Intl. Logistics (Tianjin) Co., Ltd. USD 1,500 USD 1, USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 4 Greencompass Marine S.A. Italia Marittima S.p.A. USD 10,000 USD USD - USD - - USD - NTD 13,101,898 NTD 26,203, % NTD 65,509,492*20%=NTD13,101, % NTD65,509,492*40%=NTD26,203,

227 2010 Annual Report (Peony Investment S.A.) Clove Holding Ltd. 10 USD 120, USD 120,676 ( ) Evergreen Shipping Agency (Deutschland) GmbH - USD 8, USD 8,843 ( ) Evergreen Shipping Agency (Ireland) Ltd. - USD USD 189 ( ) Evergreen Shipping Agency (Korea) Corporation 121 USD 1, USD 1,944 ( ) Evergreen Shipping Agency (Netherlands) B.V. - USD 4, USD 4,862 ( ) Evergreen Shipping Agency (Poland) SP.ZO.O 2 USD USD 598 ( ) Greencompass Marine S.A. 3,535 USD 981, USD 981,010 ( ) Vigor Enterprise S.A. 5 USD USD 527 ( ) Evergreen Shipping Agency (India) Pvt Ltd. 100 USD 2, USD 2,323 ( ) Evergreen Argentina S.A. 150 USD USD 256 ( ) Evergreen Shipping Agency France S.A. 5 USD 1, USD 1,337 ( ) PT Multi Bina Pura International 68 USD 17, USD 17,371 ( ) PT Multi Bina Transport 2 USD USD 726 ( ) Evergreen Heavy Industrial Co., (Malaysia) Bhd. 42,120 USD 47, USD 47,181 ( ) Armand Investment (Netherlands) N.V. 4 USD 9, USD 9,309 ( ) Evergreen Shipping (Spain) S.L. 3 USD 6, USD 6,494 ( ) Evergreen Shipping Agency (Italy) S.p.A. 1 USD 2, USD 2,167 ( ) Shenzhen Greentrans Transportation Co., Ltd. ( ) - USD 3, USD 3,120 ( ) Evergreen Marine (UK) Ltd. 765 USD 109, USD 109,601 ( ) Evergreen Shipping Agency (Australia) Pty Ltd. 1 USD USD 481 ( ) Evergreen Shipping Agency (Russia) Ltd. - USD USD 904 ( ) Evergreen Shipping Agency (Singapore) Pte. Ltd. 765 USD 4, USD 4,656 ( ) Evergreen Shipping Agency (Thailand) Co., Ltd. 408 USD 2, USD 2,580 ( ) Evergreen Shipping Agency (Vietnam) Corp. - USD 1, USD 1,229 ( ) PT. Evergreen Shipping Agency Indonesia - USD 1, USD 1,743 ( ) Evergreen Agency (South Africa) (PTY) Ltd. 5,500 USD 2, USD 2,682 ( ) 225

228 (Peony Investment S.A.) Luanta Investment (Netherlands) N.V. 460 USD 83, USD 83,773 Balsam Investment (Netherlands) N.V. - USD 111, USD 111,634 Evergreen Container Terminal (Thailand) Ltd. 9,186 USD 28, USD 28,167 Ningbo Victory Container Co., Ltd.( ) - USD 2, USD 2,222 Qingdao Evergreen Container Storage & Transportation Co., Ltd. ( ) - USD 7, USD 7,124 Green Peninsula Agencies SDN. BHD. 1,500 USD 9, USD 9,204 Kingtrans Intl. Logistics (Tianjin) Co., Ltd. ( ( ) ) - USD 2, USD 2,286 Dongbu Pusan Container Terminal Co. Ltd USD 1, USD 1,556 Hutchison Inland Container Depots Ltd. 1 USD 1, USD 1,492 Colombo - South Asia Gateway Terminal 18,942 USD 2, USD 2,412 PT. Multi Bina Pura International PT. Multi Bina Transport 8 IDR 27,393, IDR 27,393,276 ( ) Clove Holding Ltd. Ample Holding LTD. 9 USD 33, USD 33,574 ( ) Island Equipment LLC. - USD 1, USD 1,696 ( ) Classic Outlook Investment Ltd. Clove - 2 USD 102, USD 102,359 Everup Profits Ltd. 2 USD USD - Ample Holding Ltd. Colon Container Terminal S.A. Ample 22,860 USD 69, USD 69,741 Island Equipment LLC. Whitney Equipment LLC. Island - USD 1, USD 1,363 ( ) Hemlock Equipment LLC. - USD 3, USD 3,700 ( ) 226

229 2010 Annual Report Evergreen Marine (UK) Limited Island Equipment LLC. EMU - GBP GBP 424 ( ) Evergreen Marine (UK) Limited Kingtrans Intl. Logistics (Tianjin) Co., Ltd. ( ( ) ) - GBP GBP 929 Evergreen Marine (UK) Limited Evergreen Shipping Agency (UK) Limited EMU - - GBP GBP - Lloyd triestino UK Limited - GBP GBP - Armand Investment (Netherlands) N.V. Armand Estate B.V. - USD 13, USD 13,257 ( ) Armand Estate B.V. Armand Estate B.V. 41 USD 13, USD 13,111 Greencompass Marine S.A USD 5,000 - USD 5,000 " 18,200 USD 62,365 - USD 62,365 Evergreen Shipping Agency (Singapore) Pte Ltd. RTW AIR SERVICES (S) PL EGS - 30 SGD SGD 50 Evergreen Shipping Agency (Thailand) Co., Ltd. Green Siam Air Service Co. EGT - 4 THB 1, THB 1,160 Evergreen Shipping Agency (Deutschland) GmbH Evergreen Shipping Agency (Austria) GmbH EGD - EUR EUR 18 Zoll Pool Hafen Hamburg AG 10 EUR EUR 10 Evergreen Shipping Agency (Switzerland) S.A. - EUR EUR

230 8. ( ) ( ) ( ) ( ) ( ) ( ) $ 672,076 99% $ 50,949 68% ( ) Greencompass Marine S.A. USD 13,060 1% 15~ ( ) USD 7,764-15~ ( ) Evergreen Marine (Hong Kong)Ltd. USD 31,660 2% 15~ (USD -152 ) 18% USD 11,754 1% 15~ Evergreen International S.A. USD 21,308 1% 15~ (USD -144 ) 17% Evergreen Heavy Industrial Co., (Malaysia) Bhd. USD 45,770 3% 15~ ( ) ( ) USD 4,603-15~ Evergreen Heavy Industrial Corp. (Malaysia) Berhad Greencompass Marine S.A. MYR 146,031 85% MYR 28,216 75% ( ) Evergreen Marine (Singapore)Pte. Ltd. MYR 26,767 15% MYR 9,642 25% ( ) Evergreen Shipping Agency (Deutschland) GmbH Evergreen Marine (UK) Ltd. EUR 2,438 25% Evergreen Marine (UK) Ltd. ( ) GBP 2,107-30~ Evergreen Shipping Agency (Deutschland) GmbH GBP 2,010-30~ ( ) Evergreen Shipping Agency (Netherlands)B.V. GBP 2,959-30~ ( ) Evergreen Shipping Agency (Netherlands)B.V. Evergreen Marine (UK) Ltd. EUR 2,850 30% ( ) Island Equipment LLC Seaside Transportation Service LLC USD 3,709 21% USD % 228

231 2010 Annual Report 9. Peony Investment S.A. Luanta Investment (Netherlands) N.V. USD 12, Evergreen Heavy Industrial Corp. (Malaysia) Berhad Greencompass Marine S.A. ( ) MYR 28, MYR 4,636 - Clove Holding Ltd. Island Equipment LLC. USD 4, Greencompass Marine S.A. Evergreen Shipping Agency (Deutschland) GmbH ( ) USD 4, USD 4,358 - Evergreen Shipping Agency France S.A. ( ) USD 7, USD 7,892 - Evergreen Shipping (Spain) S.L. ( ) USD 4,117 USD 4,117 - Evergreen Shipping Agency (Italy) S.p.A. ( ) USD 5, USD 5,

232 10. Greencompass Marine S.A. Evergreen Marine (UK) Ltd USD 40,863 (USD 8,166 ) USD 966 USD

233 2010 Annual Report ( ) ( 1) (Ningbo Victory Container Co., Ltd.) ( ) RMB 24,119 ( ) $ 29,708 (USD 1,018 ) - - $ 29,708 (USD 1,018 ) (Qingdao Evergreen Container Storage & Transportation Co., Ltd.) ( ) RMB 92,500 ( ) $ 129,777 (USD 4,447 ) - - $ 129,777 (USD 4,447 ) (Shenzhen Greentrans Transportation Co., Ltd.) RMB 44,960 ( ) $ 91,460 (USD 3,134 ) - - $ 91,460 (USD 3,134 ) (Shenzhen Hutchison Inland Container Depots Co., Ltd.) HKD 92,000 ( ) $ 23,638 (HKD 6,304 ) - - $ 23,638 (HKD 6,304 ) ( ) (Kingtrans Intl. Logistics (Tianjin) Co., Ltd.) ( ) RMB 77,929 ( ) $ 116,732 (USD 4,000 ) $ - - $ 116,732 (USD 4,000 ) ( 3) $ 391,315 $ 1,053,273 $ 39,494,112 (USD 12,599 ) (USD 36,092 ) (HKD 6,304 ) ( $65,823,520) 1 1 ( ) ( ) ( ) ( ) ( ) 2 ( ) ( ) ( 2)( (2) (3)) $ 7,680 (USD 244 ) $ 32,260 (USD 1,025 ) ($ 13,194 ) (-USD 419 ) 6.85 $ $ 4,841 (USD 154 ) $ 64,839 (USD 2,222 ) $ 207,893 (USD 7,124 ) 91,061 (USD 3,120 ) $ 23,638 (HKD 6,304 ) $ 133,399 (USD 4,571 ) $

234 ( ) 99 ( ) ( ) (%) 0 ( ) ( ) 1 $ 50, , , Greencompass Marine S.A. 1 6, , , , , Evergreen Marine (UK) Limited 1 2, , , , PT.Multi Bina Pura International Evergreen Shipping Agency (India) Pvt. Ltd. 1 6, , Evergreen Shipping Agency (Thailand) Co., Ltd. 1 17, , PT. Evergreen Shipping Agency Indonesia , ,

235 2010 Annual Report 99 ( ) ( ) ( ) (%) 0 ( ) Evergreen Shipping Agency (Singapore) Pte. Ltd. 1 - $ , Evergreen Shipping Agency (Korea) Corporation 1 2, Evergreen Shipping Agency (Deutschland) GmbH 1-1, , Evergreen Shipping Agency (Ireland) Ltd Evergreen Shipping Agency (Netherlands) B.V , ,303 - Evergreen Shipping Agency (Poland) SP.ZO.O ,827 - Evergreen Shipping Agency France S.A ,299 - Evergreen Shipping (Spain) S.L. 1 1, Evergreen Shipping Agency (Italy) S.p.A. 1-4, , Evergreen Shipping Agency (Russia) Limited

236 99 ( ) ( ) ( ) (%) 0 ( ) Evergreen Shipping Agency (Vietnam) Corp. 1 $ 8, ,565 - Evergreen Shipping Agency (Australia) Pty. Ltd Evergreen Shipping Agency (Sounth Africa) (PTY) Ltd Greencompass Marine S.A. Evergreen Marine (UK) Limited 3-6, Evergreen Heavy Industrial Co., (Malaysia) Berhad 3 1,429, , Evergreen Shipping Agency (India) Pvt. Ltd. 3 14, , Evergreen Shipping Agency (Thailand) Co., Ltd. 3 12, , , PT. Evergreen Shipping Agency Indonesia 3 20, , , Evergreen Shipping Agency (Singapore) Pte. Ltd. 3 18, ,

237 2010 Annual Report 99 ( ) ( ) ( ) (%) 1 Greencompass Marine S.A. Evergreen Shipping Agency (Singapore) Pte. Ltd. 3 - $ 2, , Evergreen Shipping Agency (Korea) Corporation 3 57, , , Evergreen Shipping Agency (Deutschland) GmbH 3 127, , , , Evergreen Shipping Agency (Ireland) Ltd. 3 8, , ,830 - Evergreen Shipping Agency (Netherlands) B.V. 3 51, , , Evergreen Shipping Agency (Poland) SP.ZO.O 3 9, , ,

238 99 ( ) ( ) ( ) (%) 1 Greencompass Marine S.A. Evergreen Shipping Agency France S.A. 3 $ 70, ,900 - Evergreen Shipping (Spain) S.L. 3 55, , , ,778 - Evergreen Shipping Agency (Italy) S.p.A. 3-7, , , Evergreen Shipping Agency (Russia) Limited 3 8, Evergreen Shipping Agency (Vietnam) Corp. 3 13, , Evergreen Shipping Agency (Australia) Pty. Ltd. 3 7, , ,230 - Evergreen Shipping Agency (Sounth Africa) (PTY) Ltd Evergreen Marine (UK) Limited Evergreen Shipping Agency (Thailand) Co., Ltd. 3-3, ,

239 2010 Annual Report 99 ( ) ( ) ( ) (%) 2 Evergreen Marine (UK) Limited Evergreen Shipping Agency (Thailand) Co., Ltd. 3 $ 45, Evergreen Shipping Agency (India) Pvt. Ltd. 3 23, ,458 - PT. Evergreen Shipping Agency Indonesia 3 10, , ,772 - Island Equipment LLC. 3 58, Evergreen Shipping Agency (Singapore) Pte. Ltd. 3 3, , Evergreen Shipping Agency (Korea) Corporation 3 16, , ,519 - Evergreen Shipping Agency (Deutschland) GmbH 3 4, , , Evergreen Shipping Agency (Ireland) Ltd , , Evergreen Shipping Agency (Netherlands) B.V ,

240 99 ( ) ( ) ( ) (%) 2 Evergreen Marine (UK) Limited Evergreen Shipping Agency (Netherlands) B.V. 3 $ 7, , ,527 - Evergreen Shipping Agency (Poland) SP.ZO.O 3 6, , , ,500 - Evergreen Shipping Agency France S.A , , Evergreen Shipping (Spain) S.L. 3 30, , Evergreen Shipping Agency (Italy) S.p.A. 3-5, , , Evergreen Shipping Agency (Russia) Limited 3 1, Evergreen Shipping Agency (Vietnam) Corp. 3 38, ,417 - Evergreen Shipping Agency (Australia) Pty. Ltd

241 2010 Annual Report 99 ( ) ( ) ( ) (%) 2 Evergreen Marine (UK) Limited Evergreen Shipping Agency (Australia) Pty. Ltd. 3 - $ 18 - Evergreen Shipping Agency (Sounth Africa) (PTY) Ltd PT.Multi Bina Pura International PT.Multi Bina Transport , ,698 - PT. Evergreen Shipping Agency Indonesia Clove Holding Ltd. Island Equipment LLC , Evergreen Shipping Agency (Deutschland) GmbH Evergreen Shipping Agency (Russia) Limited 3 3, , , PT.Multi Bina Transport PT. Evergreen Shipping Agency Indonesia 3 4,

242 98 ( ) ( ) (%) 0 ( ) ( ) 1 $ , , Greencompass Marine S.A. 1 3, , , , , , Evergreen Marine (UK) Limited 1 4, , , , ,771 - Evergreen Shipping Agency (Thailand) Co., Ltd. 1-25, , , PT. Evergreen Shipping Agency Indonesia 1-3, , Evergreen Shipping Agency (Singapore) Pte. Ltd , Evergreen Shipping Agency (Korea) Corporation 1 1,

243 2010 Annual Report 98 ( ) ( ) 0 ( ) Evergreen Shipping Agency (Deutschland) GmbH ( ) 1 - $ 582 (%) , ,838 - Evergreen Shipping Agency (Ireland) Ltd Evergreen Shipping Agency (Netherlands) B.V. 1-1, ,899 - Evergreen Shipping Agency (Poland) SP.ZO.O Evergreen Shipping Agency France S.A Evergreen Shipping (Spain) S.L Evergreen Shipping Agency (Italy) S.p.A. 1-6, , ,150 - Evergreen Shipping Agency (Russia) Limited Evergreen Shipping Agency (Vietnam) Corp. 1 8, Evergreen Shipping Agency (Australia) Pty. Ltd Evergreen Shipping Agency (Sounth Africa) (PTY) Ltd Peony Investment S.A. Evergreen Shipping Agency (India) Pvt. Ltd. 3 $ 16,

244 98 ( ) ( ) ( ) (%) 1 Peony Investment S.A. 3 $ ,432-2 Greencompass Marine S.A. Evergreen Marine (UK) Limited 3-19, Evergreen Heavy Industrial Co., (Malaysia) Sdn. Bhd , Evergreen Shipping Agency (India) Pvt. Ltd. 3 29, , Evergreen Shipping Agency (Thailand) Co., Ltd. 3 9, , , , PT. Evergreen Shipping Agency Indonesia 3 32, , Evergreen Shipping Agency (Singapore) Pte. Ltd. 3 20, , Greencompass Marine S.A. Evergreen Shipping Agency (Korea) Corporation 3 32, , Evergreen Shipping Agency (Deutschland) GmbH 3 43, ,

245 2010 Annual Report 98 ( ) ( ) 2 Greencompass Marine S.A. Evergreen Shipping Agency (Deutschland) GmbH ( ) (%) 3 $ 94, Evergreen Shipping Agency (Ireland) Ltd. 3 9, , Evergreen Shipping Agency (Netherlands) B.V. 3 54, , , , Evergreen Shipping Agency (Poland) SP.ZO.O 3 6, , Evergreen Shipping Agency France S.A. 3 43, , Evergreen Shipping (Spain) S.L. 3 36, Evergreen Shipping Agency (Italy) S.p.A , , Evergreen Shipping Agency (Italy) S.p.A. 3-8, , Evergreen Shipping Agency (Russia) Limited 3 7, Evergreen Shipping Agenc (Vietnam) Corp. 3 10, , Evergreen Shipping Agency (Australia) Pty. Ltd. 3 13,

246 98 ( ) ( ) 2 Greencompass Marine S.A. Evergreen Shipping Agency (Australia) Pty. Ltd. ( ) (%) 3 $ 7, Evergreen Shipping Agency (Sounth Africa) (PTY) Ltd , ,076-3 Evergreen Marine (UK) Limited Island Equipment LLC. 3 64, Evergreen Shipping Agency (Thailand) Co., Ltd. 3-17, , , Evergreen Shipping Agency (India) Pvt. Ltd. 3 22, PT. Evergreen Shipping Agency Indonesia 3-1, , Evergreen Shipping Agency (Singapore) Pte. Ltd Evergreen Marine (UK) Limited Evergreen Shipping Agency (Singapore) Pte. Ltd. 3 5, Evergreen Shipping Agency (Korea) Corporation 3 7, Evergreen Shipping Agency (Deutschland) GmbH 3 11, , Evergreen Shipping Agency (Ireland) Ltd

247 2010 Annual Report 98 ( ) ( ) 3 Evergreen Marine (UK) Limited Evergreen Shipping Agency (Ireland) Ltd. ( ) 3 - $ 3,228 (%) , Evergreen Shipping Agency (Netherlands) B.V. 3 76, Evergreen Shipping Agency (Poland) SP.ZO.O 3 7, Evergreen Shipping Agency France S.A. 3-10, , Evergreen Shipping (Spain) S.L , Evergreen Shipping Agency (Italy) S.p.A. 3-7, , , Evergreen Shipping Agency (Russia) Limited 3 1, ,515 - Evergreen Shipping Agency (Vietnam) Corp. 3-1, , Evergreen Shipping Agency (Australia) Pty. Ltd Evergreen Marine (UK) Limited Evergreen Shipping Agency (Australia) Pty. Ltd Evergreen Shipping Agency (Sounth Africa) (PTY) Ltd Clove Holding Ltd. Island Equipment LLC ,

248 98 ( ) ( ) 5 PT.Multi Bina Pura International ( ) (%) PT.Multi Bina Transport 3 $ , ,124 - PT. Evergreen Shipping Agency Indonesia 3 1,788 - Evergreen Shipping Agency (Russia) Limited 3 3, , PT. Evergreen Shipping Agency Indonesia PT.Multi Bina Transport 3 4,

249 2010 Annual Report ( ) ( ) 99 $ 16,586,236 $ 54,788,870 $ 36,523,465 $ 1,041,555 $ 413,050 $ 109,353,176 ( 13,270,713 ) ( 46,344,798 ) ( 29,528,232 ) ( 159,954 ) ( 34,836 ) ( 89,338,533 ) ( 5,112,275 ) ( 484,217 ) 4,337,426 $ 18,755,577 $ 24,725,288 $ 40,680,336 $ 31,603,302 $ 4,867,939 $ 325,311 $ 102,202,176 27,363,307 $ 129,565, $ 14,639,973 $ 39,642,574 $ 26,583,350 $ 747,219 $ 323,199 $ 81,936,315 ( 9,409,425 ) ( 45,333,663 ) ( 29,146,688 ) ( 164,553 ) ( 13,933 ) ( 84,068,262 ) ( 5,351,372 ) ( 399,737 ) ( 4,990,591 ) ($ 12,873,647 ) $ 25,166,319 $ 32,992,351 $ 27,137,786 $ 4,393,870 $ 315,229 $ 90,005,555 24,223,122 $ 114,228,677 ( ) % % $ 39,208, $ 31,322, ,470, ,870, ,006, ,631, , ,738-5,449, ,946, ,321, ,539,365 7 ( ) 10% 247

250 99 98 % 9,968,985 11,639,249 (1,670,264) % 68,104,188 57,746,286 10,357, % 11,360,775 10,838, , % 222, ,276 (79,820) % 89,656,404 80,526,561 9,129, % 10,636,628 6,927,545 3,709, % 10,457,355 16,940,692 (6,483,337) % 2,738,901 2,206, , % 23,832,884 26,074,964 (2,242,080) -8.60% 31,248,395 30,625, , % 7,202,990 6,675, , % 31,951,458 16,786,007 15,165, % (4,579,323) 364,404 (4,943,727) % 65,823,520 54,451,597 11,371, % : (1) (2) (3) (4) (5) 99 (6) 248

251 2010 Annual Report % 17,026,011 15,062,947 1,963, % 15,165,773 13,075,356 2,090, % 1,860,238 1,987,591 (127,353) -6.41% 1,775,271 1,515, , % 84, ,541 (387,574) % 16,395,786 3,301,851 13,093, % 615,871 14,506,852 (13,890,981) % ( ) 15,864,882 (10,732,460) 26,597, % ( ) 699,431 (877,107) 1,576, % ( ) 15,165,451 (9,855,353) 25,020, % ( ) 15,165,451 (9,855,353) 25,020, % : (1) 99 (2) (3) 99 ( ) (a) (b) (c) ( ) (a)+(b)+(c) 2,081,672 4,815,861 (3,415,811) 3,481,722 (1) 98 (2) 98 (3)

252 ( ) (1) (2) (3) ( ) (1)+(2)+(3) 3,481,722 1,809, ,029 6,014,434 (1) (2) (3) ( ) ~ ,200 44, ,411,783 1,505,142 1,986,716 5,919, ,122, , ,937 2,181,025 ( ) 99 14,595,055 ( ) CCS 250

253 2010 Annual Report ( ) ( ) ( ) 99 ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 251

254 ( ) 1. 70% 100% ARMAND N.V. GMS 100% ARMAND B.V. 100% VIGOR CLOVE 90% AMPLE 84.44% 55% 100% 51% EHIC (M) SGTC EGK EMU 36% 15% ISLAND Whitney 100% 100% Hemlock E M C 100% 55% PEONY 100% 100% 95% 99.4% 55% 55% 67.5% % EGN EGD(WWX) EGB EGF EES EIT EMA EGI 55% 100% 51% 51% 51% 51% 51% ESA EGD ERU EGS EGT EGV EMI 100% EGU(DBL) TTSC 95.3% MBPI 72.95% MBT 17.39% 252

255 2010 Annual Report EMC : 長 榮 海 運 股 份 有 限 公 司 PEONY : Peony Investment S.A.( 永 華 投 資 有 限 公 司 ) TTSC : 台 灣 碼 頭 服 務 股 份 有 限 公 司 ARMAND N.V. : ARMAND Investment N.V. ARMAND B.V. : ARMAND Estate B.V. GMS : Greencompass Marine S.A.( 青 標 海 運 有 限 公 司 ) VIGOR : Vigor Enterprise S.A. CLOVE : Clove Holding Ltd. AMPLE : Ample Holding Ltd. EHIC(M) : Evergreen Heavy Industrial Corp.(Malaysia)Berhad SGTC : 深 圳 運 榮 運 輸 有 限 公 司 EGK : Evergreen Shipping Agency (Korea) Corporation EMU : Evergreen Marine (UK) Limited EGN : Evergreen Shipping Agency (Netherlands) B.V. EGD( WWX) : Evergreen Shipping Agency (Poland) SP. ZO. O EGD : Evergreen Shipping Agency (Deutschland) GmbH EGB : Evergreen Argentina S.A. ERU : Evergreen Shipping Agency (Russia) Limited EGF : Evergreen Shipping Agency France S.A. EGS : Evergreen Shipping Agency (Singapore) Pte Ltd. EES : Evergreen Shipping (Spain) S.L. ESA : Evergreen Shipping Agency (South Africa) Pty Ltd. EGT : Evergreen Shipping Agency (Thailand) Co., Ltd. EIT : Evergreen Shipping Agency (Italy) S.p.A. EGV : Evergreen Shipping Agency (Vietnam) Corp. EMA : Evergreen Shipping Agency (Australia) Pty Ltd. EMI : PT. Evergreen Shipping Agency Indonesia EGI : Evergreen Shipping Agency (India) Private Limited. EGU( DBL) : Evergreen Shipping Agency (Ireland) Ltd. MBPI : PT. Multi Bina Pura International MBT : PT. MULTI BINA TRANSPORT ISLAND : Island Equipment LLC Whitney : Whitney Equipment LLC Hemlock : Hemlock Equipment LLC 253

256 East 53rd Street, Marbella, MMG Building, 2nd Floor, Panama, Peony Investment S.A. 82/01/04 USD 476,500 Republic of Panama 86/12/ NTD 100,000 ARMAND Investment (Netherlands) N.V. 89/12/29 Van Engelenweg 21/A, Curacao, Netherlands Antilles USD 6 ARMAND Estate B.V. 89/04/18 Amsteldijk 166, 1101LH, Amsterdam EUR Clove Holding Ltd. 89/11/16 Craigmuir Chambers, P.O. BOX 71, Road Town, Tortola, B.V.I USD 10 Ample Holding Ltd. 90/01/22 Craigmuir Chambers, P.O. BOX 71, Road Town, Tortola, B.V.I USD 10 East 53rd Street, Marbella, MMG Building, 2nd Floor, Greencompass Marine S.A. 82/08/16 USD 353,500 Panama, Republic of Panama East 53rd Street, Marbella, MMG Building, 2nd Floor, Vigor Enterprise S.A. 87/11/26 USD 500 Panama, Republic of Panama Evergreen Marine (UK) Limited 90/04/ Euston Road.London Nw1 2dx, u.k. GBP 1,500 Island Equipment LLC 91/05/ Deep Valley Drive, Suite 300, Rolling Hils Estates, CA USD Centerville Road, Suite 400, Wilmington, Whitney Equipment LLC 94/03/15 USD 200 Delaware Centerville Road, Suite 400, Wilmington, Hemlock Equipment LLC 94/03/07 USD 200 Delaware Evergreen Heavy Industrial Corp. 78/06/06 (Malaysia) SDN.BHD Lot 139, JALAN, Cecair Phase 2 Free Trade Zone, Johor Port MYR 49,879 Authority, B1700 Pasir Gudang, Johor, Malaysia 254

257 2010 Annual Report 87/03/06 RMB 44,960 Jl Raya Cakung Cilincing Km.4, Jakarta Utara PT. Multi Bina Pura International 81/09/10 RP 159,042,000, , Indonesla Jl. Raya Cakung Cilincing Km.4, Jakarta Utara PT. MULTI BINA TRANSPORT 83/01/01 RP 10,350, , Indonesia Evergreen Shipping Agency 75/10/02 (Deutschland) GmbH Evergreen Building Amsinckstrasse EUR 61 Hamburg, Germany Evergreen Shipping Agency (Ireland) Ltd 76/08/24 22 Fiztwilliam Place, Dublin 2, Ireland EUR - Evergreen Shipping Agency 90/01/01 (Korea) Corporation 12F, Royal Buliding.5,Dangju-dong KRW 606,000 Chongro-Ku, Seoul, Republic of Korea Evergreen Shipping Agency 79/10/17 (Netherlands) B.V. Oudelandseweg 33, 3194AR, Hoogvliet, Rotterdam, EUR 24 The Netherlands Evergreen Shipping Agency (Poland) SP. ZO. O 86/10/03 UL. SOLEC 22, WARSZAWA, POLAND PLN 170 Evergreen Shipping Agency 93/01/19 (India) Private Limited. J.N. HEREDIA MARG BALLARD ESTATE INR 1,000 MUMBAI , INDIA Evergreen Shipping Agency 89/03/31 France S.A. Tour Franklin-La Defense 8, PARIS LA EUR 500 DEFENSE CEDEX-FRANCE. Evergreen Argentina S.A. 86/10/31 Pje. Carabelas 344, CABA, Bs. As. Argentina ARS 1,580 Evergreen Shipping (Spain) S.L. 96/01/01 CALLE SIETE AGUAS, 11 - ENTLO VALENCIA, SPAIN EUR 600 Evergreen Shipping Agency (Italy) S.p.A. 94/11/09 SCALI CERERE, 9 LIVORNO ITALY EUR 2,

258 Evergreen Shipping Agency (Australia) Pty Ltd. 91/05/27 Level 13,181 Miller Street, North Sydney NSW 2060 Australia AUD 1 Evergreen Shipping Agency (Russia) Limited 94/09/01 6 Sofiyskaya Street, ST Petersburg, RUSSIA RUB 6,000 Evergreen Shipping Agency (Singapore) Pte Ltd. 89/10/ Jalan Besar, Singapore SGD 1,500 Evergreen Shipping Agency 90/02/14 (Thailand) Co., Ltd. Green Tower, 24-25th Floors, 3656/81 Rama IV Road, THB 40,000 Klongton Klongtoey Bangkok PT. Evergreen Shipping Agency 91/12/18 Indonesia Gedung Price waterhouse coopers 9-10 th Floors Jl. H.R. Rasuna said kav. C-03 RP 9,000,000 Jakarta 12920, Indonesia Evergreen Shipping Agency (Vietnam) Corp. 92/01/01 13F, 37 Ton Duc Thang St., Dist 1., HCMC, Vietnam VND 10,841,586 Evergreen Agency (South Africa) (Proprietary) Ltd. 98/04/01 9B Riley Road,Bedfordview, Gauteng, 2007 South Africa ZAR 10, 000 USD NTD = IDR NTD = RMB NTD = MYR NTD = GBP NTD = EUR NTD = KRW NTD = INR NTD = ARS NTD = AUD NTD = RUB NTD = SGD NTD = THB NTD = VND NTD = ZAR NTD = PLN NTD =

259 2010 Annual Report 5. ( ) / ( ) ISLAND EQUIPMENT LLC WHITNEY EQUIPMENT LLC HEMLOCK EQUIPMENT LLC ARMAND INVESTMENT (NETHERLANDS) N.V. C.T.M. Corporation N.V. CEO&President Secretary Treasurer CEO&President Secretary Treasurer CEO&President Secretary Treasurer Managing Director, C.T.M. Corporation N.V. USD 400,000 USD 200,000 USD 200,000 USD 6,000 CLOVE HOLDING LTD. USD 10,000 AMPLE HOLDING LTD. USD 10,000 SHENZHEN GREENTRANS TRANSPORTATION CO., LTD. ARMAND ESTATE B.V. EVERGREEN SHIPPING AGENCY (NETHERLANDS) B.V. PT MULTI BINA PURA INTERNATIONAL PT MULTI BINATRANSPORT PT. EVERGREEN SHIPPING AGENCY INDONESIA EVERGREEN HEAVY INDUSTRIAL CORP. (M) BERHAD * 3 A.W.M. Jansen * 1 M. F. Permadi * 1 M. F. Permadi * 1 Gunadi Widjaja ( ) ( ) * 1 Managing Director, A.W.M. Jansen Managing Director, President President Director Managing Director Comissioner ( ) Gunadi Widjaja. President Director ComissionerGunadi Widjaya ChairmanGunadi Widjaya President Comissioner Chairman SecretaryYong May Li RMB 44,960,000 EUR 20, EUR 23,500 IDR 159,042,000,000 IDR 10,350,000,000 USD 1,012,943 MYR 49,878,

260 PEONY INVESTMENT S.A. GREENCOMPASS MARINE S.A. VIGOR ENTERPRISE S.A. EVERGREEN MARINE(UK) LIMITED EVERGREEN SHIPPING AGENCY (IRELAND) LTD. EVERGREEN SHIPPING AGENCY (DEUTSCHLAND) GMBH EVERGREEN SHIPPING AGENCY (KOREA) CORPORATION EVERGREEN SHIPPING AGENCY(POLAND) SP. ZO. O EVERGREEN SHIPPING AGENCY (INDIA) PRIVATE LIMITED. EVERGREEN ARGENTINA S.A. EVERGREEN SHIPPING AGENCY FRANCE S.A. EVERGREEN SHIPPING SPAIN S.L. Maurice Storey President Secretary Treasurer President Secretary Treasurer President Secretart Treasurer Maurice Storey Chairman President&Secretary Chairman Secretary Chairman Managing Director Chairman President Statutory Auditor USD 476,500,000 USD 353,500,000 USD 500,000 GBP 1,500, EUR EUR 61, KRW 606,000,000 PLN 170,000 President INR 1,000,000 Chairman ARS 1,580,000 PEONY ( ) Martine Toulot * 2 JOSÉ MARIA ROMEU LOPERENA, ERNESTO ROMEU ARMENGOL Chairman General ManagerMartine Toulot Chairman JOSÉ MARIA ROMEU LOPERENA President EUR 500,000 EUR 600,

261 2010 Annual Report EVERGREEN SHIPPING AGENCY (ITALY) S.P.A. * 2 Pier Luigi Maneschi, Antonio Maneschi ChairmanPier Luigi Maneschi President Internal Statutroy Board Mr. Massimo Quartarone (Chairman) Mr. Vinicio Ferracci (Auditor) Mr. Paolo Torracca (Auditor) Mr. Luca Paoletti (Alternate Auditor) Mr. Lorenzo Mamone (Alternate Auditor) EUR 2,000,000 EVERGREEN SHIPPING AGENCY (AUSTRALIA) PTY LTD. * 1 Murray david Read Chairman President AUD 1,000 EVERGREEN SHIPPING AGENCY (RUSSIA) LIMITED * 2 Komarov Alexander Ivanovitch, Laitinen Jouni Olli-Pekka President RUB 6,000,000 EVERGREEN SHIPPING AGENCY (SINGAPORE) PTE LTD. * 2 Mr. Phoon Thin Choy, Mr. Patrick Ang Boon Yam SGD 1,500,000 EVERGREEN SHIPPING AGENCY (THAILAND) CO., LTD. * 2 Mr. Nivat Changariyavong, Mr. Krirkkla Sonthimas THB 40,000,000 EVERGREEN SHIPPING AGENCY (VIETNAM) CORP. * 2 Pham Van Thuan, Bui Tuan Ngoc President First Deputy President -- Le Vinh Truong USD 700,000 EVERGREEN AGENCY (SOUTH AFRICA) (PROPRIETARY) LIMITED * 2 CHEN, Chih-yi CHEN, Lee-chun ZAR 10,000,000 TWD 100,

262 ( ) ( )( ) Peony Investment S.A. 13,905,700 46,693,194 11,263 46,681,932 11,804,748 11,739,221 11,774,790 2, , , , , ,972 16,406 11,871 1 Greencompass Marine S.A. 10,316,191 37,886,568 9,257,760 28,628,808 54,472,561 7,003,781 7,268,167 2,056 Armand Investment (Netherlands) N.V , ,081 (18,719) (19,067) (19,067) (3,178) Armand Estate (Netherlands) B.V , ,876 (17,324) (18,725) (18,719) (415,984) Vigor Enterprise S.A. 14,592 15, ,389 0 (513) (476) (95) Clove Holding Ltd ,921,777 2,400,078 3,521, , , ,618 17,662 Ample Holding Ltd ,035, ,885 1,088, , , ,983 12,598 Evergreen Heavy Industrial Corp.(Malaysia) Berhad 472,065 2,206, ,429 1,630,601 1,691, , , , ,394 26, , (21,595) (23,988) Evergreen Marine (UK) Limited 67,605 25,719,882 19,298,496 6,421,386 35,079,812 5,050,507 4,770,579 3,180 PT. Multi Bina Pura International 700, ,594 25, , ,500 67,842 72,091 1,008 PT. MULTI BINATRANSPORT 33, ,231 12, , ,451 30,387 29,673 2,867 Island Equipment LLC 11, , , ,463 40,961 34,030 26,171 Hemlock Equipment LLC 5,837 1,137,137 1,039,236 97, ,112 35,097 21,

263 2010 Annual Report ( ) ( )( ) Whitney Equipment LLC 5,837 1,529,144 1,492,200 36, ,740 7,904 5,957 Evergreen Shipping Agency (Deutschland) GmbH 2, , , , ,886 10,433 7,629 Evergreen Shipping Agency (Ireland) Ltd. 5 15,727 10,244 5,483 27, ,999 Evergreen Shipping Agency (Korea) Corporation 15, , ,541 56, ,635 23,867 18, Evergreen Shipping Agency (Netherlands) B.V , , , ,149 11,713 14, ,096 Evergreen Shipping Agency (Poland) SP. ZO. O 1, , ,460 17,450 26,661 2, Evergreen Shipping Agency (India) Private Limited , ,781 67, ,967 22,741 15, Evergreen Shipping Agency France S.A. 19, , ,579 39, ,668 10,572 5,981 1,196 Evergreen Argentina S.A. 11,603 91,385 83,514 7,870 0 (6,248) 2, Evergreen Shipping (Spain) S.L. 23, , , , , , ,763 30,294 Evergreen Shipping Agency (Italy) S.p.A. 77, , , , ,740 4,466 (4,239) (4,239) Evergreen Shipping Agency (Australia) Pty Ltd ,950 99,133 20, ,188 3,438 14,508 14,

264 ( ) ( )( ) Evergreen Shipping Agency (Russia) Limited 5,733 87,134 35,399 51,736 97,152 59,477 49,867 Evergreen Shipping Agency (Singapore) Pte Ltd. 33, , , , ,606 3,253 1,722 1 Evergreen Shipping Agency (Thailand) Co., Ltd. 38, , , , ,630 91,040 64, Evergreen Shipping Agency (Vietnam) Corp. 20, , ,024 70, ,665 75,337 59,780 PT. Evergreen Shipping Agency Indonesia 29, , ,636 99, ,949 62,786 58,333 64,814 Evergreen Agency (South Africa) (Pty) Ltd. 44, ,152 85, , ,559 98,552 72, USD NTD= IDR NTD= RMB NTD= MYR NTD= GBP NTD= EUR NTD= KRW NTD= INR NTD= ARS NTD= AUD NTD= RUB NTD= SGD NTD= THB NTD= VND NTD= ZAR NTD= PLN NTD=

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