..2..3..4..7..10..14..16..18..31..35..36..79 1

2

Guangzhou Baiyunshan Pharmaceutical Co.,Ltd. BYS 88 020-87062599 020-87063699 cheny@gzbys.com 88 88 510515 www.gzbys.com gzbys000522@gzbys.com http://www.cninfo.com.cn 88 A 000522 1992 12 22 2004 7 1 4401011104127 440111190481270 3

410 25 ( ) 119,955,873.29 36,166,478.09 * 33,014,946.85 923,278,594.52 16,664,951.23 150,664,069.00-19,196,089.32 115,077.00-11,627,183.39 222,250,958.23 36,749,602.29 * -2,373,604.46-20,393,371.08-114,000.00-1,618,045.53 2,743,700.13 7,967,450.71 760,828.53 512,788.77 1,302,640.13-11,211,612.80-3,151,531.24 4

2004 2003 2003 2003 2,459,464,627.06 2,327,026,046.21 2,327,026,046.21 36,166,478.09 61,915,315.14 63,436,542.63 2,669,124,067.18 2,671,167,939.57 2,671,167,939.57 641,326,847.63 614,054,939.62 615,576,167.11 0.097 0.1654 0.1695 0.097 0.1654 0.1695 0.088 0.180 0.184 1.71320 1.64035 1.64441 1.63 1.24 1.25 0.594 0.61 0.61 5.64% 10.08% 10.31% 5.76% 10.72% 10.93% 5.26% 11.69% 11.90% 2002 2002 2002 1,957,285,948.81 1,957,285,948.81 58,091,505.12 58,482,084.51 2,521,578,446.08 2,521,578,446.08 544,971,412.89 545,361,992.28 0.1552 0.156 0.1552 0.156 0.1939 0.195 1.45580 1.45685 1.35 1.35 0.42 0.42 10.66% 10.72% 12.31% 12.38% 15.38% 15.46% 5

143.96% 147.09% 2.466 2.466 23.49% 24.00% 0.402 0.402 5.64% 5.76% 0.097 0.097 5.15% 5.26% 0.088 0.088 374,344,355.00 154,600,464.41 32,814,094.81 26,661,621.24 52,296,025.40 614,054,939.62 2,335,760.57 5,424,971.71 1,808,323.90 36,166,478.09 43,927,210.37 16,655,302.36 16,655,302.36 374,344,355.00 156,936,224.98 38,239,066.52 28,469,945.14 71,807,201.13 641,326,847.63 641,326.85 4.44 374,344,355 156,936.22 2,335.76 1.51 835.80 1,500 38,239.07 5,424.97 16.53 10 5 71,807.20 19,511.18 37.31 36,166.50 16,655.30 36,166.48 10 3,616.65 5 1,808.32 2003 11,230.33 1,521.20 2003 6

1 + 1 217,800,000 217,800,000 108,900,000 108,900,000 108,900,000 108,900,000 2 3 4 217,800,000 217,800,000 1 156,544,355 156,544,355 2 3 4 156,544,355 156,544,355 374,344,355 374,344,355 2 1 54006 7

2 10 2004 12 31 +/- % 1 57000000 165900000 44.32 2 57000000 42000000 11.22 3 9900000 2.64 4 6050000 1.62 5 566730 0.22 6 430804 0.21 7 414000 0.18 8 408500 0.16 9 408313 0.15 10 399293 0.11 1 2004 5 13 5700 30 2005 2 3 2004 5 21 2004 6 3 2004 9 18 2005 2 18 http://www.cninfo.com.cn 2 10 2000 11 3 4200 4 990 600 3 1 8

1996 8 7 1,007,700 2 1988 197,910 100 100... 44.32% 11.22% 4 10 10 10 10 5 10 9

1 6050000 A 2 566730 A 3 430804 A 4 414000 A 5 408500 A 6 408313 A 7 399293 A 8 370000 A 9 362302 A 10 357600 A 10 52 2004.06-2005.05 0 0 40 2002.05-2005.05 0 0 40 2005.01-2005.05 0 0 52 2004.04-2005.05 0 12000 47 2002.05-2005.05 0 0 34 2003.09-2005.05 0 0 65 2002.05-2005.05 0 0 59 2002.05-2005.05 0 0 52 2002.05-2005.05 0 0 35 2002.05-2005.05 3000 11501 47 2003.01-2005.05 0 15000 40 2004.04-2005.05 0 0 40 2005.01-2005.05 0 0 41 2005.01-2005.05 0 0 58 2002.05-2005.05 0 10000 39 2002.05-2005.05 0 10000 10

2003 9 2003 2003 2003 1996 2004 2001 1 11

12

16 8 1,959 484.54 733 50 200 3 200 500 4 500 1 30000 2004 6 22 13

2004 10 19 2004 11 23 2005 1 14 2004 2004 12 31 7555 417055.2% 5527.3% 97512.9% 1131. 5% 174523.1% 678 750 1197 4552 2001 1 2 14

3 4 5, 6 7 2002 5 22 2001 1 11 11 0 0 11 9 2 0 11 11 0 0 15

2 2003 1 2004 3 10 2004 4 13 2003 20 208120946 55.60% 2 1 D 2 3 4 16

5 6 7 < > 8 2003 9 2003 10 2003 11 2003 12 13 14 (A ) 15 (A ) 16 (A ) 17 (A ) 18 (A ) 19 (A ) 2004 4 14 3 2004 1 2004 5 29 2004 6 29 2004 16 217920342 58.21% 2 17

2004 6 30 2004 1 2004 11 29 2004 12 29 2004 10 207977800 55.56% 2 207900000 8 77800 2 1 < > 2 3 3 2004 2,459,464.63 923,278.59 36,166.48 5.69% 3.98-41.6 18

/ GMP 1998 2003 2004 33% 2004 1 1 2004 1 2004 2003 2,459,464,627.06 1,515,690,950.90 2,327,026,046.21 1,421,078,316.56 2004 2003 2004 2003 1,236,352,125.37 1,269,712,306.51 750,986,431.68 775,393,395.34 19

198,027,556.61 166,958,049.34 120,356,643.23 101,958,662.68 266,776,141.34 211,331,989.21 173,339,952.32 129,057,131.94 350,811,564.40 297,874,233.80 219,043,481.99 181,907,123.65 74,552,131.59 56,997,083.97 43,681,128.46 34,807,225.42 121,264,314.85 134,134,766.73 77,340,500.86 81,913,998.69 211,680,792.90 190,017,616.65 130,942,812.36 116,040,778.84 - - - - 2,459,464,627.06 2,327,026,046.21 1,515,690,950.90 1,421,078,316.56 (%) 172,021,446.81 74,713,500.23 56.57% 144,167,668.56 89,090,499.06 38.20% 114,555,515.69 50,315,287.74 56.08% / 100,587,579.84 37,784,019.81 62.44% 2 1 45,693 2004 12 31 275,391.86 2004 27,955.18 2 55,285 2004 12 31 218,425.58 2004 25,566.36 3 62,341.8 2004 12 31 304,611.25 2004 18,674.01 4 26,494 20

2004 12 31 173,816.98 2004 16,473.84 5 24,515 2004 12 31 150,235.09 2004 13,993.05 6 28,247.3 701 2004 12 31 63,897.06 2004 3,588.96 7 11,970 2004 12 31 32,325.58 2004 855.67 3 1,614,607,954.57 232,230,434.42 14.38 2,459,464,627.06 257,157,381.97 10.45 1 2 GMP 95,861.73 1 GMP 2,368.68 2 16,588.40 3 GMP 8,164.30 4 GMP 21,699.68 5 5,534.00 21

6 GMP 28,591.42 7 GMP 1,855.24 8 GMP 1,361.96 9 GMP 2,738.26 10 6,959.79 2,669,124.07 2,671,167.94 0.08 1 965,722.08 137,662.87 12.48 2 321,694.90 38,246.20 10.62 20 3 61,807.50 6.09 GMP 4 112,057.70 58.08 3 50 104,784.80 1,989,964.61 2,021,370.61 1.55 74.55 75.67 1.12 641,326.85 4.44 923,278.59 887,979.89 3.98 119,955.87 115,956.63 3.45% 36,166.48 61,915.32 41.59 22

33 36,749.60 222,250.96 GMP 129,297.81 GMP 56,203.54 74,347.97 61.98 33 28.98 33.86 101,120 2004 2004 19,516.60 61.98 2003 2004 1 1 ( ) 16,548,184.88 2003 2004 4 1 17,289,706.35 2003 1,521,227.49 2004 2003 1,521,227.49 ( 1,293,043.36 ) 1,521,227.49 1998 23

33 2004 1 1 2004 1 1 2004 2 4 9 30 105 9 8 1 2 3 4 5 2004 2 10 2 2004 3 8 9 00 105 9 7 1 2003 2 2003 3 2003 4 2003 5 6 7 8 (A ) 9 (A ) 10 (A ) 24

11 (A ) 12 (A ) 13 (A ) 14 D 15 2003 2004 3 10 3 2004 4 5 9 00 105 9 7 20 2004 4 6 4 2004 4 28 14 30 105 9 9 1 2 3 4 < > 2004 4 29 5 2004 5 28 9 00 105 9 7 1 2 3 2004 2004 5 29 6 2004 6 22 9 25

00 105 9 8 1 2 3 4 2004 6 24 7 2004 7 23 14 00 105 8 5 8 2004 7 29 9 00 105 8 8 1 2 3 2004 2004 7 31 9 2004 10 19 14 00 105 8 8 10 2004 11 26 9 00 105 8 8 1 2 2004 2004 11 29 26

11 2004 12 29 14 00 105 9 8 1 2 3 4 5 2004 12 31 2 2003 2003 2004 36,166.48 2004 1 10% 3,616.65 2 5% 1,808.32 3 2004 374344355 0.02 7,486.89 1 2 (2005) 4412 200504007096 27

[2004]15 < > 2004 12 31 --- 2004 --- 2004 12 31 4,865.35 ( 1,984.50 ) 2004 26,787.25 ( 10,568.69 792 ) 2004 11,310.40 ( 10,462.79 792 ) 1 1 2 3 4 1 2 2005 4 7 28

2 ( ) 1 2001 2 840.95 (1) 48.95 (2)(a) 792 (b) D 5 2004 11 4 1,190 792 398 D 5 3 12,237.93 1 10,478.48 (2003) 1530 50 8,981.23 ( 2001 12 31 ) 489,474 10,478.48 2 71.97 3 792 4 2004 11 895.48 850 2003 6 23 8,954,788.49 2003 6 26 8,954,788.49 29

1 2001 2 6.66 3 1589.50 (1) D 1460 2004 3 8 D 2,834.715 2,650 184.715 2003 2004 6 171 8.9177 (2) 40.58 80 8.9177 129.50 129.50 4 2874.19 (1) 5 6 2002 12 27 1522.97 161.22 93.3588 5 6 2002 1026 2002 6 30 3,252, 2,655.81, 1777.5488 OO, (2) D 1190 398 30

2,391.13 2001 2004 5 4 [2003]56 2004 12 31 50% " [2003]56 " 2004 12 31 1 1 2004 2 4 9 00 104 3 2 1 2 3 4 5 6 2004 2 10 2 2004 3 8 8 00 104 2 2 1 2003 31

2 2003 3 2003 4 2003 5 6 7 8 (A ) 9 (A ) 10 (A ) 11 (A ) 12 (A ) 13 (A ) 14 D 15 2003 2004 3 10 3 2004 4 5 8 30 104 2 2 20 2004 4 6 4 2004 4 28 14 00 104 3 3 1 2 3 4 < > 2004 4 29 5 2004 5 28 8 30 104 3 32

2 1 2 3 2004 2004 5 29 6 2004 6 22 8 30 104 3 3 1 2 3 4 2004 6 24 7 2004 7 23 11 00 104 3 3 8 2004 7 29 8 00 104 3 3 1 2 3 2004 2004 7 31 9 2004 10 19 13 00 104 3 3 10 2004 11 26 8 00 104 3 33

3 1 2 2004 2004 11 29 11 2004 12 29 11 00 104 3 3 a) b) c) d) e) 2004 12 31 2004 1 2004 2 2004 3 4 5 34

6 2004 2004 2004 1 2 2004 4 5 2003 20 580 2004 6 1 1 1999 7 2004 7 1,160 1,218 1,315.4 1,447 1,664 2002 2002 7 600 5% 7 2 51% 35

2 3 4 5 4 2004 2003 800 2004 450 457.2 (2005) 4411 200504007117 2004 12 31 2004 2004 36

2004 12 31 2004 2005 4 7 1992 [1992]11, [1992]31 1993 (1993)31 265, 000522 4401011104127 88 374,344,355.00 2000 11 2001 7 2 (2001)433 10,890 2001 6 ( 65,987.38 ) 37

6 2004 5 9,900 5,700 5,700 16,590 44.32% 1 2 1 1 12 31 3 4 5 6 ( ) 7 8 3 38

1 1% 1 2 10% 2 3 30% 3 4 50% 4 5 80% 5 100% 6% 9 10 (1) (2) 20% ( 20%) 20% 20% 20% 20% 20% 50% 50% 10 (3) 11 (1) 39

(2) 12 (1) 1 2000 2 3% 3.23%-1.94% 30-50 4.85% 20 9.7% 10 2.425%-1.94% 40-50 4.85% 20 9.7% 10 9.7% 10 19.4% 5 9.7% 10 (2) 13 (1) (2) 14 (1) 40

(2) 3 (3) 15 (1) 10 (2) 16 17 (1) (2) (3) 18 19 (1) 2003 2004 1 1 ( ) 1 5% 1% 1 2 20% 10% 2 3 50% 30% 3 4 80% 50% 4 5 80% 80% 41

5 80% 100% 2004 1 1 16,548,184.88 (2) 2003 2004 4 0% 10% 3% 3.33%-1.8% 30-50 3.23%-1.94% 30-50 10% 4.5% 10-20 4.85% 20 10% 4.5% 10-20 9.7% 10 3.33%-1.8% 30-50 2.425%-1.94% 40-50 3.33%-1.8% 30-50 4.85% 20 10% 7.5% 10-12 9.7% 10 18%-20% 5 9.7% 10 18%-20% 5 19.4% 5 10%-7.5% 10-12 9.7% 10 17,289,706.35 20 2003 1,521,227.49 2004 2003 1,521,227.49 ( 1,293,043.36 ) 1,521,227.49 21 1 ( ) 42

17% 5% 2 7% 3% 3 33% 1 6,234.18 5,610.8 90% 2,649.4 2,384.5 90% 2824.73 2,542.3 90% 2,451.5 2,206.4 90% 1,179 1120 95% 4,569.3 3,769.22 82.49% 5,528.5 4,670.48 84.48% 200 102 51% 50 40 80% 100 100 100% 200 102 51% 43

50 25.5 51% 2 400 60 30% (1) (1996)2 10 (2) 1999 7 2004 7 116 121.8 131.54 144.7 166.4 2002 7 60 5% 7 (3) 51% 9,614,342.22 17,692,964.60-4,013,700.13 941,572.04-5,426,097.43 80% 4,439,765.40-4,849,902.45 6,541,252.25-682,362.80 100% 65,011,543.87-1,598,054.93 170,371,536.54 125,871.67 51% 2,955,302.75 1,999,939.08 1,892,923.73-60.92 51% 500,000.00 500,000.00 0.00 0.00 51% 90,599,576.62-7,961,718.43 179,747,284.56-5,982,649.48 44

( ) 1. 2,332,827.63 708,994.42 191,203,435.08 156,182,122.35 104,456.35 0.00 193,640,719.06 156,891,116.77 (1) 190,799,986.91 156,182,122.35 403,448.17 0.00 191,203,435.08 156,182,122.35 (2) 104,456.35 0.00 2. 27,965,060.94 5,795,209.70 1) 5% 5% 2) 2,318,500.00 ( 00395790) ( 00656281) 3. 1 199,336,059.86 53.41% 1% 1,993,360.60 1 2 12,253,840.79 3.28% 10% 1,225,384.08 2 3 9,185,327.46 2.46% 30% 2,755,598.24 45

3 4 11,357,582.85 3.04% 50% 6,086,244.85 4 5 19,180,278.83 5.14% 80% 15,344,223.06 5 121,912,665.44 32.67% 100% 121,912,665.44 373,225,755.23 100.00% 149,317,476.27 1 227,082,667.44 58.93% 5% 11,354,133.37 1 2 20,199,390.31 5.24% 20% 4,467,340.78 2 3 16,240,566.25 4.21% 50% 8,317,871.22 3 121,899,231.25 31.62% 80% 99,448,132.96 385,421,855.25 100.00% 123,587,478.33 (1) 5% 5% (2) 5 39,925,121.55 10.70% (3) 156,385.65 2004 (4) 814,906.84 5 4. (1) 1 48,645,527.59 45.76% 1,796,708.39 1 2 10,738,574.81 10.10% 1,273,433.31 2 3 21,041,532.50 19.79% 412,106.58 3 25,889,347.37 24.35% 12,969,162.21 106,314,982.27 100.00% 16,451,410.49 46

1 51,137,003.44 20.10% 1,850,069.77 1 2 50,827,301.10 19.97% 97,048.40 2 3 27,506,271.66 10.81% 116,140.67 3 124,980,782.58 49.12% 10,245,016.10 254,451,358.78 100.00% 12,308,274.94 (1) 58.22% 10,478.48 2001 23,842,554.17 (2) 5% 5% (3) 5,371.93 50.53% 28,808,499.75 3 ( ) ( ) 8,000,000.00 1-2 GMP 6,133,500.00 3 6,464,065.02 2-3 4,313,250.00 3 53,719,314.77 (4) 7,634,364.17 5. 1 10,802,124.16 51.68% 11,152,536.69 41.63% 1 2 203,893.31 0.98% 605,079.02 2.26% 47

2 3 199,043.02 0.95% 216,746.07 0.81% 3 9,695,723.59 46.39% 14,812,749.51 55.30% 20,900,784.08 100.00% 26,787,111.29 100.00% (1) 5% 5% (2) : 2,286,020.00 1 1,364,457.27 1 1,299,308.00 1 634,422.52 1 500,000.00 1 6. 122,455,442.99 583,115.64 119,739,923.97 220,461.92 18,915,851.73 0.00 11,324,708.68 0.00 23,629,648.97 132,609.87 23,061,719.03 0.00 2,131,993.20 0.00 2,576,437.19 0.00 61,912,711.87 0.00 52,036,205.06 144,124.51 175,731,633.04 6,956,698.71 184,992,619.25 5,972,050.35 7,809,273.55 0.00 19,903,315.85 0.00 412,586,555.35 7,672,424.22 413,634,929.03 6,336,636.78 220,461.92 444,945.41 82,291.69 583,115.64 0.00 132,609.87 0.00 132,609.87 144,124.51 0.00 144,124.51 0.00 5,972,050.35 4,300,575.43 3,315,927.07 6,956,698.71 6,336,636.78 4,878,130.71 3,542,343.27 7,672,424.22 7. 48

1,000,469.47 1,513,346.00 1,000,469.47 1,513,346.0 0 492,333.66 1,185,125.76 886,878.24 790,581.18 1,142,955.52 5,173,651.92 4,091,001.18 2,635,758.65 7,872,123.68 5,978,348.89 2,225,606.2 6 4,529,533.4 4 8. (1) 3,994,748.14 1,000,000.00 255,000.00 2,974,748.14 1,275,000.00 0.00 2,311,888.52 2,300,000.00 0.00 0.00 2,311,888.52 2,300,000.00 59,274,585.95 445,000.00 29,030,364.40 28,305,631.81 59,999,318.54 445,000.00 298,104,862.11 0.00 0.00 37,251,183.32 260,853,678.79 0.00 363,686,084.72 3,745,000.00 29,285,364.40 68,531,563.27 324,439,885.85 2,745,000.00 (2) 2,000,000.00 3% 2,000,000.00 2,000,000.00 750,000.00 750,000.00 750,000.00 4,639,603.00 11.32% 3,500,000.00 3,500,000.00 1,863,000.00 800,000.00 800,000.00 138,220.00 100,000.00 100,000.00 43,182.00 53,394.80 53,394.80 12,480,000.00 43,280,000.00 43,280,000.00 50,483,394.80 50,483,394.80 4,328 1248 49

(3) 100% 1,000,000.00 0.00 0.00-1,000,000.00 0.00 0.00 51% 1,020,000.00 0.00 0.00-1,020,000.00 0.00 0.00 30% 4,977,832.49 2,311,888.52 0.00-2,665,943.97 2,311,888.52 2,300,000.00 289,747.00 312,077.00 0.00 22,330.00 312,077.00 0.00 0.5% 633,000.00 633,000.00 0.00 0.00 633,000.00 0.00 80% 400,000.00 415,583.42-415,583.42-400,000.00 0.00 0.00 100% 5,000,000.00 2,559,164.72-2,559,164.72-5,000,000.00 0.00 0.00 100,000.00 100,000.00 0.00 0.00 100,000.00 100,000.00 24% 217,136.02 149,364.13-1,393.90-69,165.79 147,970.23 0.00 ( ) 20,000.00 20,000.00 0.00 0.00 20,000.00 20,000.00 20% 17,490,633.02 28,304,237.91-28,304,237.9-17,490,633.0 1 2 0.00 0.00 13% 10,235,200.00 7,677,876.51 0.00-2,557,323.49 7,677,876.51 0.00 5% 275,000.00 275,000.00 0.00 0.00 275,000.00 275,000.00 50,000.00 50,000.00 0.00 0.00 50,000.00 50,000.00 51% 1,020,000.00 1,020,000.00 0.00 0.00 1,020,000.00 0.00 9.97% 300,000.00 0.00 300,000.00 0.00 300,000.00 0.00 51% 255,000.00 0.00 255,000.00 0.00 255,000.00 0.00 43,283,548.53 43,828,192.21-30,725,379.9-30,180,736.2 13,102,812.26 2,745,000.00 5 7 30% 33 2004 4 20 580 2004 6 50

50 51 2004 2004 8 16 301 30 9.97% 2004 9 22 (4) 10 1,344,716.52 134,520.00 471,945.44 872,771.08 10 68,172,941.53 6,817,294.20 20,451,882.60 47,721,058.93 10 58,500,260.44 5,849,460.60 17,548,664.55 40,951,595.89 10 116,403,175.55 11,666,824.08 34,735,407.79 81,667,767.76 10 74,706,122.54 7,470,612.24 22,411,836.72 52,294,285.82 10 20,130,807.45 2,013,080.76 6,039,242.28 14,091,565.17 10 33,220,905.82 3,322,090.56 9,966,271.68 23,254,634.14 372,478,929.85 37,273,882.44 111,625,251.06 260,853,678.79 9. 714,851,806.31 73,573,531.10 12,724,419.97 775,700,917.44 464,172,603.60 68,756,800.58 13,479,218.83 519,450,185.35 13,195,638.89 2,634,101.20 824,128.00 15,005,612.09 38,700,010.74 3,329,080.76 1,408,500.12 40,620,591.38 93,975,257.38 37,225,933.14 2,081,417.38 129,119,773.14 1,324,895,316.92 185,519,446.78 30,517,684.30 1,479,897,079.4 0 179,711,601.92 25,228,018.03 5,247,814.94 199,691,805.01 201,489,231.18 43,455,750.47 10,737,695.65 234,207,286.00 4,603,575.14 3,002,155.76 796,819.85 6,808,911.05 19,220,327.47 3,616,394.22 1,044,824.52 21,791,897.17 51

29,843,873.18 13,841,768.35 1,750,504.79 41,935,136.74 434,868,608.89 89,144,086.83 19,577,659.75 504,435,035.97 1,835,333.26 0.00 1,835,333.26 0.00 2,155,451.47 333,943.52 0.00 2,489,394.99 0.00 0.00 0.00 0.00 194,541.33 0.00 0.00 194,541.33 0.00 0.00 0.00 0.00 4,185,326.06 333,943.52 1,835,333.26 2,683,936.32 (1) 147,479,066.93 (2) 78 31,843.03 2 87,164.91 119,007.94 20,200 25 12-14 16-19 21-25 27 28 30-36 42-44 50 51 29 38 20 40 39 26 37 3 4 5 6 8 11 4,000 45,399,800 808 6 7 9 4 5,262 10,849.84 49 13 1-4 ( c2526391 ) 49 20 ( c2676441 ) 1,300 10. (1) 900,000.00 878,120.64 0.00 0.00 1,778,120.64 GMP 2,136,079.35 1,490,559.23 3,253,823.92 0.00 372,814.66 GMP 3,909,337.01 8,164,303.30 7,890,538.21 593,878.88 3,589,223.22 5 6 0.00 2,371,955.00 0.00 0.00 2,371,955.00 5,656,548.65 21,699,683.64 14,417,238.82 0.00 12,938,993.47 GMP 42,825,904.74 28,591,420.31 65,625,607.55 992,526.99 4,799,190.51 1,699,688.17 7,175,206.72 6,349,601.27 198,104.70 2,327,188.92 GMP 7,110,007.56 1,855,242.06 8,030,322.36 0.00 934,927.26 52

GMP 0.00 2,738,257.93 2,738,257.93 0.00 0.00 4,337,818.30 19,213.83 0.00 0.00 4,357,032.13 4,369,914.65 16,588,396.34 7,282,257.92 0.00 13,676,053.07 0.00 6,959,791.45 0.00 0.00 6,959,791.45 GMP 15,189,237.48 1,361,964.49 13,791,887.78 0.00 2,759,314.19 8,036,496.79 5,534,004.18 3,261,040.57 1,470,999.23 8,838,461.17 32,898,727.87 81,916,976.53 14,838,490.60 61,930,109.41 38,047,104.39 0.00 190,329.63 0.00 0.00 190,329.63 129,069,760.57 187,535,425.28 147,479,066.93 65,185,619.21 103,940,499.71 (2) GMP 47,167.32 0.00 47,167.32 0.00 0.00 1,168.20 0.00 1,168.20 0.00 0.00 48,335.52 0.00 48,335.52 0.00 0.00 11. (1) 211,957,490.00 5-47 8,540,000.00 1-8 15,212,580.00 1-5 105,086,807.54 8 3 340,796,877.54 (2) 180,325,864.39 16,483,939.00 4,626,219.29 19,773,905.90 192,183,584.10 4,846,461.75 1,170,000.00 990,511.79 3,514,050.04 5,025,949.96 4,236,538.43 4,832,580.00 1,407,826.02 7,551,287.59 7,661,292.41 9,000.00 105,077,807.54 7,889,653.40 7,889,653.40 97,197,154.14 189,417,864.57 127,564,326.54 14,914,210.50 38,728,896.93 302,067,980.61 53

78 211,088.18 2 175,606.98 3 50 ( ) 6,465,676.00 3,418,610.00 2,003,763.00 2,020,697.00 1,929,593.00 220,012.00 12. (1) 2 2,356,110.93 1 2 3,653,774.38 1 5 1,660,000.00 4.5 7,669,885.31 (2) 0.00 1,660,000.00 167,698.69 0.00 167,698.69 1,492,301.31 1,577,568.95 0.00 471,222.12 0.00 1,249,764.10 1,106,346.83 1,033,814.10 214,032.43 925,980.16 0.00 3,331,908.01 321,866.37 901,515.27 0.00 0.00 901,515.27 0.00 0.00 3,512,898.32 1,874,032.43 1,564,900.97 901,515.27 4,749,370.80 2,920,514.51 54

13. 780,250,000.00 883,600,000.00 267,620,000.00 241,570,000.00 154,800,000.00 42,800,000.00 1,202,670,000.00 1,167,970,000.00 14. 2,170,662.79 8,155,830.57 888,150.29 2005.3.24 689,072.51 2005.3.24 414,289.89 2005.3.24 97,600.00 2005.3.24 81,550.10 2005.3.24 2,170,662.79 ( 00395790) ( 00656281) 2,318,500.00 15. 1 252,581,242.96 94.13% 243,699,514.60 90.71% 1 2 2,839,456.72 1.06% 7,676,386.25 2.86% 2 3 1,568,998.02 0.58% 5,265,807.55 1.96% 3 11,346,528.83 4.23% 11,995,982.37 4.47% 268,336,226.53 100.00% 268,637,690.77 100.00% 55

5%( 5%) 16. 159,654,902.13 98.26% 73,276,921.30 96.59% 1 2 638,589.53 1.05% 1,480,774.96 1.95% 2 3 313,055.72 0.52% 882,007.17 1.16% 3 107,189.10 0.17% 230,423.61 0.30% 60,713,736.48 100.00% 75,870,127.04 100.00% 5%( 5%) 17. 13,044,974.83 20,204,601.90 12,277,299.95 23,374,836.05 25,322,274.78 43,579,437.95 18. 8,458,562.01 6,537,353.78 1,260,000.00 0.00 9,718,562.01 6,537,353.78 19. 5,967,993.28 8,623,628.55 616,770.75 590,675.60 1,689,358.15 4,427.04 1,096,859.08 1,727,092.64 26,751,653.82 16,350,692.16 56

522,916.55 454,260.85 36,645,551.63 27,750,776.84 32.05% 20. 258,321.01 287,385.65 942,224.88 854,188.55 113,976.51 116,733.36 1,314,522.40 1,258,307.56 21. 1 49,213,201.15 51.38% 68,840,694.71 55.58% 1 2 15,850,466.62 16.55% 30,433,734.69 24.57% 2 3 14,941,687.46 15.60% 8,415,479.22 6.79% 3 15,785,128.72 16.47% 16,181,663.37 13.06% 95,790,483.95 100.00% 123,871,571.99 100.00% (1) 5%( 5%) 1,447,348.04 (2) 6,744,978.45 GMP 4,746,882.51 3,980,000.00 3,093,403.97 GMP 2,229,469.00 57

22. 2,339,517.94 1,937,748.13 1,264,426.84 1,444,333.51 4,918,424.48 6,588,925.14 618,765.34 730,485.88 9,141,134.60 10,701,492.66 23. 6,313,650.55 6,313,650.55 24. 4,000,000.00 2002.3.26-2005.1.31 5.0325% 2,000,000.00 2001.12.18-2005.12.31 5.85% 5,000,000.00 2002.5.23-2005.12.31 5.022% 11,000,000.00 25. 40,000,000.00 40,000,000.00 145,000,000.00 103,000,000.00 0.00 23,000,000.00 185,000,000.00 166,000,000.00 26. 19,477,665.70 19,506,015.70 500,000.00 500,000.00 58

305,000.00 305,000.00 20,282,665.70 20,311,015.70 27. 30,466,177.41 25,416,850.52 18,270,000.00 11,539,102.41 28. 2,743,700.13 0.00 29. (+,-) 1. 217,800,000.00 0.00 0.00 0.00 0.00 217,800,000.00 : 108,900,000.00 0.00 0.00 0.00 0.00 108,900,000.00 108,900,000.00 0.00 0.00 0.00 0.00 108,900,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2. 0.00 0.00 0.00 0.00 0.00 0.00 3. 0.00 0.00 0.00 0.00 0.00 0.00 4. 0.00 0.00 0.00 0.00 0.00 0.00 59

0.00 0.00 0.00 0.00 0.00 0.00 217,800,000.00 0.00 0.00 0.00 0.00 217,800,000.00 1.156,544,355.00 0.00 0.00 0.00 0.00 156,544,355.00 2. 0.00 0.00 0.00 0.00 0.00 3. 0.00 0.00 0.00 0.00 0.00 4. 0.00 0.00 0.00 0.00 0.00 156,544,355.00 0.00 0.00 0.00 0.00 156,544,355.00 374,344,355.00 0.00 0.00 0.00 0.00 374,344,355.00 2004 5 8 2000 36 190 208 214 9,900 5,700 2004 5 13 10,890 5,700 16,590 44.32% 4,200 11.22% 4,200 2001 9,900 7,500 1,600 30. 28,000.00 28,000.00 22,218,469.51 835,760.57 0.00 23,054,230.08 2,711,225.00 1,500,000.00 0.00 4,211,225.00 129,642,769.90 0.00 0.00 129,642,769.90 154,600,464.41 2,335,760.57 0.00 156,936,224.98 835,760.57 GMP GMP 1,500,000.00 60

31. 6,152,473.57 3,616,647.81 0.00 9,769,121.38 26,661,621.24 1,808,323.90 0.00 28,469,945.14 32,814,094.81 5,424,971.71 0.00 38,239,066.52 32. (1) 1,293,043.36 2003 20 (2) 2003 0.03 2004 10% 5% 33. (1) 208,188,046.98 204,189,571.31 182,942,529.90 176,948,964.84 1,409,490,772.44 1,329,834,761.74 845,191,654.25 809,372,354.83 742,530,842.23 690,390,984.33 423,405,324.85 371,603,162.00 99,254,965.41 102,610,728.83 64,151,441.90 63,153,834.89 2,459,464,627.06 2,327,026,046.21 1,515,690,950.90 1,421,078,316.56 (2) 1,236,352,125.37 1,269,712,306.51 750,986,431.68 775,393,395.34 198,027,556.61 166,958,049.34 120,356,643.23 101,958,662.68 266,776,141.34 211,331,989.21 173,339,952.32 129,057,131.94 350,811,564.40 297,874,233.80 219,043,481.99 181,907,123.65 74,552,131.59 56,997,083.97 43,681,128.46 34,807,225.42 121,264,314.85 134,134,766.73 77,340,500.86 81,913,998.69 61

211,680,792.90 190,017,616.65 130,942,812.36 116,040,778.84 2,459,464,627.06 2,327,026,046.21 1,515,690,950.90 1,421,078,316.5 6 257,157,381.97 10.45% 34. 74,973.17 1,704,048.49 14,282,401.66 10,885,657.62 6,137,706.81 5,378,133.62 20,495,081.64 17,967,839.73 35. 453,790.44 104,267.54 349,522.90 306,004.89 231,632.35 74,372.54 7,724,340.12 7,016,976.32 707,363.80 5,011,050.42 4,510,749.24 500,301.18 13,460,110.29 2,259,961.00 11,200,149.29 13,508,616.9 0 2,434,526.18 11,074,090.72 6,267,855.00 338,991.79 5,928,863.21 3,704,699.39 108,078.78 3,596,620.61 8,073,946.85 9,594,894.82-1,520,947.97 9,783,740.29 10,941,062.9 4-1,157,322.65 35,980,042.70 19,315,091.47 16,664,951.23 32,314,111.8 9 18,226,049.4 9 14,088,062.40 36. 71,901,682.88 63,327,020.68 6,682,724.12 6,393,544.65 723.70 0.00 62

0.00 0.00 347,639.20 256,180.82 65,567,321.66 57,189,656.85 37. 0.00 2,806.83-3,159,283.55 3,263,208.30-37,273,882.44-37,273,882.39 843,705.59 0.00 20,393,371.08 612,265.66-19,196,089.32-33,395,601.60 20% 2004 4 20 580 19,629,158.12 38. 1,222,243.60 884,238.42 476,930.28 465,635.83 674,430.58 892,213.30 2,373,604.46 2,242,087.55 39. 512,788.77 113,465.39 7,967,450.71 3,527,679.35 760,828.53 1,572,423.98 0.00 2,036,176.16 0.00 6,298,000.00 4,759,719.84 3,707,485.17 63

14,000,787.85 17,255,230.05 40. 2,373,604.46 0.00 20,393,371.08 0.00 114,000.00 0.00 1,618,045.53 0.00 0.00 2,743,700.13 0.00 7,967,450.71 0.00 760,828.53 0.00 512,788.77 0.00 1,302,640.13 24,499,021.07 13,287,408.27 11,119,211.54 3,059,129.98 13,379,809.53 10,228,278.29 41. 129,732,762.99 39,004,945.69 37,993,561.39 25,867,941.45 24,112,849.37 ( ) 1. 1 95,431,200.31 51.51% 954,312.01 1% 1~2 4,945,513.41 2.67% 494,551.34 10% 2~3 4,189,295.45 2.26% 1,256,788.64 30% 3~4 6,004,550.61 3.24% 3,408,741.73 50% 4~5 11,215,438.44 6.05% 8,972,350.75 80% 5 63,465,141.96 34.27% 63,465,141.96 100% 185,251,140.18 100.00% 78,551,886.43 64

1 105,557,618.95 57.80% 5,277,771.99 5% 1~2 11,103,449.19 6.08% 2,220,872.70 20% 2~3 9,535,786.51 5.22% 4,966,113.81 50% 3 56,429,037.00 30.90% 45,143,229.60 80% 182,625,891.65 100.00% 57,607,988.10 (1) 5% 5% (2) 5 30,334,096.87 16.37% (3) 812,932.84 2. 1 50,841,117.25 54.95% 1,490,280.71 1~2 10,557,664.78 11.41% 1,227,947.92 2~3 20,826,932.69 22.51% 395,920.62 3 10,295,111.42 11.13% 4,620,145.46 92,520,826.14 100.00% 7,734,294.71 1 42,903,997.23 20.94% 1,109,415.38 1~2 49,422,250.68 24.12% 92,938.10 2~3 2,139,611.40 1.04% 68,388.63 3 110,397,252.85 53.90% 1,865,545.21 204,863,112.16 100.00% 3,136,287.32 (1) 54.84%, (2) 5% 5% (3) 65

28,808,499.75 3 ( ) ( ) 8,000,000.00 1-2 6,464,065.02 2-3 4,313,250.00 3 3,000,000.00 1 (4) 4,313,250.00 3. (1) 718,283,753.06 1,000,000.00 46,247,985.56 40,289,330.70 724,242,407.92 0.00 2,311,888.52 2,300,000.00 0.00 0.00 2,311,888.52 2,300,000.00 20,511,637.90 0.00 28,979,299.88 0.00 49,490,937.78 0.00 741,107,279.48 3,300,000.00 75,227,285.44 40,289,330.70 776,045,234.22 2,300,000.00 (2) 2,000,000.00 3% 2,000,000.00 2,000,000.00 600,000.00 600,000.00 600,000.00 4,639,603.00 11.32% 3,500,000.00 3,500,000.00 12,480,000.00 43,280,000.00 43,280,000.00 49,380,000.00 4,328 1,248 (3) 100% 1,000,000.00 0.00 0.00-1,000,000.00 0.00 0.00 66

51% 1,020,000.00 0.00 0.00-1,020,000.00 0.00 0.00 30% 4,977,832.49 2,311,888.52 0.00-2,665,943.97 2,311,888.52 2,300,000.00 289,747.00 312,077.00 0.00 22,330.00 312,077.00 0.00 0.5% 633,000.00 633,000.00 0.00 0.00 633,000.00 0.00 80% 400,000.00 415,583.42-415,583.42-400,000.00 0.00 0.00 100% 5,000,000.00 2,559,164.72-2,559,164.72-5,000,000.00 0.00 0.00 51% 1,020,000.00 1,020,000.00 0.00 0.00 1,020,000.00 0.00 9.97% 300,000.00 0.00 300,000.00 300,000.00 300,000.00 0.00 51% 255,000.00 0.00 255,000.00 255,000.00 255,000.00 0.00 90% 162,886,378.62 179,887,491.46-7,705,184.82 9,295,928.02 172,182,306.64 0.00 90% 43,152,700.00 63,653,497.36 13,084,634.53 33,585,431.89 76,738,131.89 0.00 90% 66,428,100.00 64,287,834.66-1,389,092.08-3,529,357.42 62,898,742.58 0.00 90% 113,235,600.00 130,799,925.61 5,459,008.81 23,023,334.43 136,258,934.43 0.00 95% 11,790,000.00 13,122,946.66 681,765.34 2,014,712.00 13,804,712.00 0.00 82.49% 164,365,600.00 148,551,248.03-1,577,586.93-17,391,938.9 146,973,661.09 0.00 1 67

84.48% 112,191,000.00 113,986,061.13 124,858.16 1,919,919.29 114,110,919.29 0.00 0.00-1,093,439.10-40,700.12-1,134,139.22-1,134,139.22 0.00 688,944,958.11 720,447,279.47 6,217,954.75 38,275,276.11 726,665,234.22 2,300,000.00 30% 33 51 50 2004 2004 8 16 301 30 9.97% 2004 9 22 (4) 10 1,344,716.52 134,520.00 471,945.44 872,771.08 10 68,172,941.53 6,817,294.20 20,451,882.60 47,721,058.93 10 58,500,260.44 5,849,460.60 17,548,664.55 40,951,595.89 10 116,403,175.55 11,666,824.08 34,735,407.79 81,667,767.76 10 74,706,122.54 7,470,612.24 22,411,836.72 52,294,285.82 10 20,130,807.45 2,013,080.76 6,039,242.28 14,091,565.17 10 33,220,905.82 3,322,090.56 9,966,271.68 23,254,634.14 372,478,929.85 37,273,882.44 111,625,251.06 260,853,678.79 4. (1) 199,626,404.20 203,435,612.28 176,294,380.46 175,840,741.75 437,031,627.16 373,395,946.23 263,063,512.19 242,779,980.75 545,275,689.16 504,410,223.70 332,624,912.55 282,299,166.56 0.00 0.00 0.00 0.00 1,181,933,720.52 1,081,241,782.21 771,982,805.20 700,919,889.06 68

(2) 436,447,231.61 411,654,585.64 303,595,246.28 266,856,952.11 98,835,619.42 88,836,587.62 60,125,172.08 57,588,720.82 113,335,062.81 104,936,013.38 77,898,772.37 68,025,246.59 254,143,977.70 211,289,723.61 158,663,920.05 136,969,521.59 62,446,881.83 52,883,026.14 35,996,757.52 34,281,661.54 78,385,308.45 87,311,185.26 50,691,742.16 56,599,871.83 138,339,638.70 124,330,660.55 85,011,194.74 80,597,914.58 1,181,933,720.52 1,081,241,782.20 771,982,805.20 700,919,889.06 104,482,466.80 8.84% 5. 94,465,662.57 90,495,853.85-37,273,882.44-37,273,882.39 764,211.96 0.00 841,979.31 0.00 58,797,971.40 53,221,971.46 ( ) 45 14 48 69

139 49 808 1 ( ) 100,700.00 0.00 0.00 100,700.00 100.00 0.00 0.00 100.00 200.00 0.00 0.00 200.00 50.00 0.00 0.00 50.00 1179.00 0.00 0.00 1,179.00 6,234.18 0.00 0.00 6,234.18 2,649.40 0.00 0.00 2,649.40 2,824.73 0.00 0.00 2,824.73 2,451.50 0.00 0.00 2,451.50 4,569.30 0.00 0.00 4,569.30 5,528.50 0.00 0.00 5,528.50 200.00 0.00 0.00 200.00 50.00 0.00 0.00 50.00 ( ) 10,890 29.09 5,700 15.23 0 0 16,590 44.32 100 100 0 0 0 0 100 100 102 51 0 0 0 0 102 51 40 80 0 0 0 0 40 80 1120 95 0 0 0 0 1120 95 70

5,610.76 90% 0 0 0 0 5,610.76 90% 2,384.46 90% 0 0 0 0 2,384.46 90% 2,542.26 90% 0 0 0 0 2,542.26 90% 2,206.35 90% 0 0 0 0 2,206.35 90% 3,769.22 82.49 0 0 0 0 3,769.22 82.49 4,670.48 84.48 0 0 0 0 4,670.48 84.48 102.00 51% 0 0 0 0 102.00 51% 25.50 51% 0 0 0 0 25.50 51% ( ) ( ) ( ) 71

( ) 3,848,326.00 0.00 3,503,285.71 2,907,489.96 1,307,173.53 576,734.79 79,654,686.37 21,181,600.00 11,205,439.85 16,295,624.75 0.00 17,054,750.00 798,913.73 124,375.89 100,317,825.19 58,140,575.39 ( ) 1,478,624.98 3,654,042.02 99,615,021.74 85,102,657.27 3,534,306.11 2,917,664.20 613,290.54 443,067.30 661,149.87 0.00 1,015,642.00 0.00 972,949.54 26,969.25 ( ) 2,134,066.62 511,834.14 2,104,342.33 3,653,879.41 4,021,547.68 7,584,616.21 639,399.36 397,602.26 901,752.53 0.00 8,882,860.27 10,089,992.25 574,873.49 1,443,705.25 72

127,149,827.06 115,826,029.56 ( ) 1 2003 6 80 2003 25 20 2 2003 6 65 2003 8 15 80 2003 35 25 3 2003 6 62 448.41 2003 7 1 2004 6 30 17,942.75 4 2002 10 25 1000 2002 10 2 2005 10 2 197,100.00 129,600.00 ( ) 465,807.04 1,926,757.59 238,430.00 311,679.00 7,965,357.40 7,965,357.40 894,507.27 894,507.27 475,278.00 0.00 8,146,626.00 8,146,626.00 18,186,005.71 19,244,927.26 0.00 23,911,304.17 0.00 1,006,407.50 0.00 113,969,790.09 6,464,065.02 6,243,851.84 28,808,499.75 44,636,911.05 1,000.00 1,256,256.66 8,000,000.00 5,000,000.00 73

2,202,507.91 2,199,752.88 45,476,072.68 198,224,274.19 1,659,044.09 1,659,044.09 1,364,457.27 0.00 501,287.27 0.00 3,524,788.63 1,659,044.09 1,161,206.67 3,676,765.81 472,631.21 1,290,939.41 1,392,352.00 8,222,150.12 59,818.89 1,085,338.33 0.00 598,590.00 246,607.60 0.00 204,904.91 0.00 306,857.00 0.00 471,000.00 0.00 472,631.21 0.00 4,788,009.49 14,873,783.67 0.00 2,400,000.00 1,447,348.04 1,576,877.10 3,980,000.00 0.00 3,093,403.97 3,543,517.27 397,793.04 270,274.53 0.00 1,416,128.61 0.00 800,000.00 74

0.00 1,043,820.01 8,918,545.05 8,650,617.52 759,855.23 409,793.99 ( ) 1 1200 1,500 ( 1,500 ) 1,300 2,000 ( 2,000 ) 4,600 ( ) 792 500 700 ( ) 300 4,400 1,100 2 (1) 71,146.00 3,000 5,676 2,000 26,070 16,800 2,000 400 1500 2,200 1,800 700 ( ) 75

1200 1,500 ( 1,500 ) 3,900 1,300 2,000 ( 2,000 ) 2,600 3,000 (2) 3,710 2,000 (3) 4,500 (4) 3,757 1,900 3 2000 ( ) ( ) 1,500 2002 445 2003 11 80 2003 12 26 2004 1 15 365 365 2003 2004 1 4 850 100 (1999) 007 2000 100 2001 10 2002 41 2003 3 56.8 2003 5 31 589.5 509.96 2003 6 23 8,954,788.49 2003 6 26 8,954,788.49 2003 7 10 2003 7 21 2004 3 5 8,954,788.49 2004 11 8,954,788.49 5 249 286 2004 5 1 2005 5 1 286 6 2004 7 23 10,290 649.67 ( ) 550 2004 2004 12 31 534 2005 1 7 (1) 792 76

(2) D 5 2004 11 4 1,190 792 398 D 5 8 2004 4 26 2004 2,900 2004 5 1 2004 12 31 2004 9 2005 6,000 2005 1 1 2005 12 31 2004 10 2004 12 29 2005 1 2005 12 1.2% 2004 ( ) 2004 3 8 D 2,834.715 2,650 184.715 2003 2004 6 171 8.9177 398 ( )1 878.26 2 1,522.97 161.22 3 93.3588 3 2,655.81 2002 12 27 5 6 2002 6 30 3,252 2,655.81 2002 ( ) (2003) 1530 50 8,981.23 ( 2001 12 31 ) 489,474.00 10,478.48 77

( )2002 12 19 ( ) 1,248 2005 9 30 4,368 2003 9 30 1,456 2004 9 30 1456 2005 9 30 1456 2002 2003 9 1,456 2004 5 28 ( ) 1,248 4,368 4,328 2004 6 30 2,872 2004 7 748,800.00 2005 4 7 2004 10% 5% 0.02 ( )2004 2 9 ( ) ( ) 750 ( ) ( 1000 ) 2003 1994 10 10 750 ( )2004 2 6 2004 1 1 2004 1 1 2003 1-9 1,276 215 0.7% 0.31% ( ) 3.45 2 1 50% 1 50% 2004 6 30 17,250.00 2004 78

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