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1 AGILE PROPERTY HOLDINGS LIMITED

2

3

4 GBS, OBE, JP GBS, OBE, JP GBS, OBE, JP Conyers Dill & Pearman

5 Butterfield Fund Services (Cayman) Limited Butterfield House 68 Fort Street P.O. Box 705, George Town Grand Cayman Cayman Islands 28 III 26 Century Yard Cricket Square Hutchins Drive P.O. Box 2681GT George Town Grand Cayman British West Indies http // ir@agile.com.cn (852) (852) (86) (86)

6

7

8 % % %

9 % % 328, % 35,150 98% 94,399 98% 42, % 71, % 57, % 312, % 46, % 100, % 47, % 98, % 67,337 1,302,454

10 ,223,673 (1) 571,511 (2) 1,104, ,498,0022,512, ,384 78, , , , ,780 63, , , ,237 03F 184, ,453 1,498,002 2,512, ,246252,370

11 (1) 2 92,370 (2) 2 160, , %77.4% %116.8% % 22.9% % 97.0% % % % % % %

12 % % % % % % 15.9% 2005ISO9001

13

14

15 B A Y

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17

18 (4) (4) (2) (1) (2) (3) (5) % % % % % % % % % % % % % % % % % % % (1) (2) (3) (4) (5)

19

20 3 2

21

22 ,518,416 1,846, ,900 1,050, , ,

23 , , ,213 11, ,742198, , ,

24 ,876 99, , ,

25 , , ,600 51,

26

27 2 3

28 , , AAA , , ,828 29,

29 , , ,887 13,

30 ,225 72, , , , , ,970,2742,070, ,900 1,203,

31 , , , , , , , , , ,

32 2 3 3

33

34 , , , ,

35 ,949 61,

36

37

38

39 , ,53630, % 30,

40

41 ISO9001 5S ISO9001

42 % 9.9% 14,76917,2558.4% 9.0% , %2005 3,693 1, % 30.7% , % China Business Daily News %2004 4, , %

43 % % 943, , , , , , , , % 20059, , % % % % % 20055, % % %

44 % % % % 20058, % % %

45 , , , , , ,

46 %

47 %

48

49

50

51 Tom

52

53

54

55 % (a) (b)

56

57 (1) 1(1) 1(1) 0(0) 1(1) 1(1) 1(1) GBS, OBE, JP 1(1) 0(0) 0(0) 1(1) 0(0) 0(0) 1(1) 0(0) 0(0)

58 (a) (b) (c) (d) (e) (f)

59 (2)

60 VCD

61 , % (1) A (2) C (3) C

62 % 30% 5% ,027, ,606, ,633,

63 ,162, ,

64 A 32 (1) ,930127,1541,646, % 5% 42.5% 45% 142.5% A.34

65 ,970,000 (2) ,500,000500,000500,000 40% 30% 30% 142.5% A ,050,000 (a) A.47 (b) (i)

66 (ii) (iii) (c) ,000,000 1,500,000 (a) (b) (c) a. b. 2. a. b.

67 c. d. (i) (ii) (iii) (iv) ,526, % 4. 1% 5. 6.

68 (i) (ii) (iii)

69 (a) XV 7 8 (b)352 (c) % 2,366,930, ,366,930, ,366,930, ,366,930, ,366,930, ,366,930, (a) XV 7 8 (b)352 (c)

70 (1) % Top Coast Investment Limited 2,366,930, ,366,930, ,366,930, ,366,930, ,366,930,

71

72

73

74 ,888 51, ,097 1,331, , ,784 60, ,397 70, ,954 1,514, , , , ,870,048 2,127, ,101, , ,058 1,194, ,126 44, ,779 76, ,205, ,622 3,174,612 8,730,358 4,615,005 3,400,738 9,620,312 6,129,419 3,849, ,200,176 20,824 3,200, , , , , , , ,444 55,960 4,504, ,799 3,784,556 5,916 5,588 4,510, ,387 3,784,556

75 ,200 1,098, ,615 65,009 1,089,815 1,163, ,472,018 3,898,579 64,702 40,854 20, , ,500 4,020,372 4,237,823 64,702 5,110,187 5,401,032 64,702 9,620,312 6,129,419 3,849,258 4,709, ,182 3,336,036 5,599,940 1,891,596 3,784,

76 ,370,614 2,548, (3,631,945) (1,901,408) 1,738, , (2,892) 21 56,696 7, (216,790) (187,782) 22 (98,701) (98,223) 22 (9,047) (2,091) 1,467, , (9,873) (17,113) 1,458, , (475,094) (119,364) 982, , , ,609 4,275 2, , , ,

77 , ,174 45,698 2, ,508 62, ,601 2,863 (2,863) 227,609 2, , , , ,444 5, , , , ,444 5, ,387 13, , (390,630) (3,879) (394,509) 51,267 (50,999) (268) 3,345,800 3,345,800 (166,448) (166,448) 978,693 4, , ,200, , ,508 5,916 4,510,

78 ,082,881 1,047,658 (200,132) (82,770) (82,224) (101,089) 800, ,799 (31,081) (8,750) (447) (231) 48, (329,111) (169,572) 1,233, , , ,371 1,722,024 1,277,170 3,345,800 (119,241) 13,927 25, ,300 (318,500) (653,800) 516, ,700 (328,500) (538,770) 76, ,430 (480,521) (763,179) (390,630) (1,479) 2,313,448 (1,198,069) 4,035,472 79,101 (2,892) ,622 93, ,205, ,

79 (a) Century Yard, Circket Square, Hutchins Dirve, Georage Town, Grand Cayman, British West Indies (b) (c) (d) (2.1)

80 (2.1) 4 (a) (b)

81 (2.1) (b) (2.2) (2.3)

82 (2.4) (i) (ii) (iii) (2.5)

83 (2.5) (2.6) (2.7) (2.8) 12

84 (2.9) (2.10) (2.11) (2.12) 12

85 (2.13) (2.14) (i) (ii)

86 (2.14) (iii) 12 (2.15) (2.16) (i) (ii) (iii)

87 (2.16) (iv) (2.17) (i) (ii) (2.18)

88 (3.1) (i) (ii) (iii) 30 (iv) (3.2)

89 (a) (b) 30% 60%

90 % 10% ,264,242 2,427,880 96,909 83,634 9,463 37,425 5,370,614 2,548, ,264, , ,553 5,530,606 (19,902) (140,090) (159,992) 5,264,242 96,909 9,463 5,370,614 1,428, ,415 (10,767) 1,467,935 (9,873) 1,458,062 (475,094) 982,968 9,660,223 11,441 68,341 (119,693) 9,620,312 5,136,037 31,450 45,068 (102,368) 5,110, ,201 6,132 4, ,275 8,046 4, ,206 27, ,012

91 ,427,880 89,063 97,116 2,614,059 (5,429) (59,691) (65,120) 2,427,880 83,634 37,425 2,548, ,042 (6,835) 12,856 (308) 366,755 (17,113) 349,642 (119,364) 230,278 5,965, , ,081 (104,205) 6,129,419 5,241, , ,794 (97,502) 5,401, ,635 2, ,176 6,647 5, ,427 27,721 27,721

92 ,700 48,269 13,847 10,633 77,449 (520) (13,514) (4,733) (3,240) (22,007) 4,180 34,755 9,114 7,393 55, ,180 34,755 9,114 7,393 55,442 4,224 1,064 3,462 8,750 (104) (80) (20) (204) (223) (8,418) (1,893) (1,893) (12,427) 3,957 30,457 8,205 8,942 51, ,700 51,744 14,792 14,058 85,294 (743) (21,287) (6,587) (5,116) (33,733) 3,957 30,457 8,205 8,942 51, ,957 30,457 8,205 8,942 51,561 4,655 20,759 4, ,081 (2,125) (1,212) (52) (159) (3,548) (242) (9,180) (2,501) (1,283) (13,206) 6,245 40,824 10,572 8,247 65, ,720 67,587 19,604 14, ,414 (475) (26,763) (9,032) (6,256) (42,526) 6,245 40,824 10,572 8,247 65,888

93 , ,664 4,272 5,890 7,701 13,206 12, ,805,663 1,938, , ,195 (27,697) (27,614) (513,070) (245,909) 1,530,340 1,805, (772,243) (474,113) 758,097 1,331, ,520,064 1,797, ,276 8,277 1,530,340 1,805,663

94 ,679, ,313, ,391, ,918, (315) (107) , (440) (125)

95 , % 2 100% 2 100% 2 100% % % 20, %

96 , % 20, % 20, % 2, % 2, % % 2, % % 1, % %

97 , % % % 2 100% 1 100% 25, % 2 100% 1 100% 100% 3,000,000

98 % 131,198,450 98% 100,000,000 98% 30,000, % 30,000, % 42,000,000

99 % 92,224, % 5,298, % 62,573,422 10,000, % 500, %

100 % 1,000, , % 100% 6,355, % 5,250,000

101 ,870,048 2,127, ,784 60,194 1,917,832 2,187,536 1,862,041 2,088,409 99,127 97, ,351 83,976 (65,685) (52,682) (50,002) (30,022) 55,791 99,127 1,917,832 2,187, ,996, % %

102 ,122, (a) 278,940 47,080 32(c) , , , , , , ,058 1,194, , (a) ,275 47, , ,940 47,080

103 (a) ,060, ,607,000 (b) ,426, ,778,000 (c) ,293,

104 (a) 1,037, ,007 3,342,437 3,174,612 4,379, ,007 3,174,612 2,621, ,007 1,416,407 (b) 104, ,030 (c) 1,654,175 1,654, (174,779) (76,385) 4,205, ,622 3,174,612 (a) (b) (c) 4.04%

105 (a) 390, (c) 3,510, ,900, (c) 9,996,100, ,610 1,039,894 1,039,894 10,000,000,000 1,000,000 1,040,300 1,040, (b) 2 (c) (d) 199,999,980 20,000 20,824 20,824 (e) 2,291,500, , ,591 (238,591) (f) 973,760,000 97, ,388 3,244,412 3,345,800 (166,448) (166,448) 3,465,260, , ,803 2,839,373 3,200,176

106 (a) , ,000 1 (b) (c) ,0001,000,000,000 (d) ,999, (e) ,150, ,291,500,000 (f) ,500, ,740,650, ,260, ,758,000

107 (a) b , ,174 62,494 62,494 2,863 2, ,668 2, , ,668 2, ,531 13,727 13,727 51,267 51, ,395 54, ,525 (a) 1 (b) 50% (c)

108 ,285,700 1,001, ,000 (507,500) (268,500) 778,200 1,098,200 3,000 47, , , , , ,285,700, ,004,700, , , , , , , , ,500

109 , , , , ,200 1,098, % % ,000

110 ,397 70, (311,615) (65,009) ,444 47,645 (299,662) (42,201) (294,218) 5,444

111 ,362 12,148 8, ,366 (23,553) (11,503) 4,143 (30,913) , ,999 70,453 (56,809) (645) 4,398 (53,056) ,397 17,397

112 (53,721) (11,288) (65,009) (246,606) (311,615) 12 9,164,000 17,673,00012,555,00013,326,

113 (a) 1,751,458 1,441,176 32(c) 33, ,830 14, , , ,725 1,654,000 5, ,384 29,116 49, , ,232 3,472,018 3,898,579 64,702 (a) ,003, , , , ,118 93, ,025 71,976 1,751,458 1,441, ,892

114 (a) 48, ,730 3,352 4,691 3,175 56,696 7,320 (a) ,106, ,002 67,236 2, , , ,206 12, ,697 27,614 3,404,538 1,792,281

115 ,125 59,562 (a) 4,162 1,050 7,156 5, ,742 1,215 99,002 67,236 (a) 4,162, ,050,000

116 (a) * * * , , ,200 1,200 *

117 (b) ,439 1, ,481 1, ,000, (c) , , (72,351) (83,976) 9,873 17,113

118 ,432 77, ,662 42, , , ,458, ,642 33% 481, ,382 (a) (15,118) (b) 9,052 3, , ,364 (a) (b)

119 % 30% 60% 5% 5% 3% , ,609 2,536,853 2,491,

120 (a) 77,451 (b) 313, (c) 100, ,538 (a) (b) 319,805, ,179,000 1,479,0005,147,000 (c) ,027, ,908,000

121 , , , , (48,275) (793) 25 9,873 17, ,206 12, (a) 3, ,892 (189,018) (278,442) 275, ,679 (98,394) (55,833) (272,412) (150,487) (72,239) 983,041 1,082,881 1,047,658 (a) ,377,599, ,575,895,000(i) (ii)

122 ,458 2, , ,035 2, ,454,559 1,042, ,300 2,259,859 1,042,797

123 (a) (i) (ii) (i) (ii)

124 (b) (i) 9,437 33,491 (ii) 11,996 (iii) 5,307 17,444 1,580 4,444 6,887 21,888 (iv) 1, (v) 1,970 1,646 (vi) 2,636 4,112 1, ,153 1,313

125 (b) (i) (ii) (iii) (iv) (v) (vi) ,200,000

126 (c) (i) 319, ,378 5, ,117 74,222 7,969 1,982 Top Coast Investment Limited , ,000 2,000 2,000 7,031

127 (c) (i) , ,580 5,312 71,307 2,577 35,048 1,810 1, ,160 33, ,830 (i) Top Coast Investments Limited

128 ,290 55,442 51,561 65,888 1,500,283 1,401,682 1,331, , ,444 76,424 60,194 47,784 59, ,366 70,453 17,397 1,750,081 1,635,446 1,514, , , , , ,243 1,968,941 2,407,812 2,127,342 1,870, , ,145 1,101, ,298 1,465,470 1,194, ,058 4,197 44,810 29,763 20,552 76, ,779 37,415 93, ,622 4,205,202 3,473,494 4,435,691 4,615,005 8,730,358 5,223,575 6,071,137 6,129,419 9,620,312

129 ,824 20,824 20,824 3,200, , , , , ,908 (26,252) 45, , , , , ,799 4,504,209 1,604 2,812 5,588 5, , , ,387 4,510,125 1,191,990 1,607,770 1,098, ,200 41,411 53,721 65, ,615 1,233,401 1,661,491 1,163,209 1,089,815 2,965,083 3,537,287 3,898,579 3,472,018 26,351 20,744 40, , , , ,500 3,690,083 3,974,138 4,237,823 4,020,372 4,923,484 5,635,629 5,401,032 5,110,187 5,223,575 6,071,137 6,129,419 9,620,312 (216,589) 461, ,182 4,709,986 1,533,492 2,096,999 1,891,596 5,599,940

130 ,095 1,931,503 2,548,939 5,370,614 (542,946) (1,529,654) (1,901,408) (3,631,945) 220, , ,531 1,738,669 (2,892) 987 4,729 7,320 56,696 (129,771) (172,354) (187,782) (216,790) (77,192) (92,525) (98,223) (98,701) (794) (1,825) (2,091) (9,047) 13, , ,755 1,467,935 (28,528) (28,119) (17,113) (9,873) (15,149) 111, ,642 1,458,062 4,942 (38,659) (119,364) (475,094) (10,207) 73, , ,968 (9,735) 71, , ,693 (472) 1,146 2,669 4,275 (10,207) 73, , ,968 (0.004) ,538

131

02 04 05 07 15 17 18 19 20 41 43 02 GBS, OBE, JP GBS, OBE, JP Conyers Dill & Pearman GBS, OBE, JP GBS, OBE, JP Butterfield Fund Services (Cayman) Limited Butterfield House 68 Fort Street P.O. Box 705,

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4 146, , (118,345) (114,885) 28,415 26, , (7,176) (7,330) 11 (10,281) (9,248) 12,340 10, (2,475) (2,815) 9,865 7,88

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