二零一二年年報 綠城中國控股有限公司 ( 於開曼群島註冊成立的有限公司 )( 股票代碼 :03900)

2 4 6 8 10 16 34 52 62 72 80 101 103 216

002 20052012 TOP10 2012 2000 2012 6 8 51 41.64.9 24.6% 2012 6 22 50% 2012 12 31 4,100

003

2012 12 31 (i) (ii) (iii) (iv) 2012 4 1 2012 6 15 2012 7 16 2012 8 2 004

M&C Corporate Services Limited PO Box 309, Ugland House South Church Street George Town Grand Cayman, KY1-1104 Cayman Islands 183 17 1712 1716 Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road, George Town Grand Cayman KY1-1110 Cayman Islands 1 A 10 310007 16 18 1 1406 1408 ir@chinagreentown.com (852) 2523 3137 (852) 2523 6608 03900 www.chinagreentown.com www.greentownchina.com Maples and Calder 005

12 31 12 31 12 31 006

12 31 2008 2009 2010 2011 2012 6,635,357 8,727,429 11,161,260 21,963,747 35,392,506 (4,765,728) (6,415,278) (7,759,927) (14,555,354) (24,678,810) 1,869,629 2,312,151 3,401,333 7,408,393 10,713,696 356,192 625,862 1,232,230 1,000,840 1,744,672 (1,413,842) (1,983,175) (2,198,221) (2,541,686) (2,714,643) 383,731 615,372 564,971 833,167 513,475 1,195,710 1,570,210 3,000,313 6,700,714 10,257,200 (629,088) (478,078) (1,084,766) (2,582,772) (4,204,149) 566,622 1,092,132 1,915,547 4,117,942 6,053,051 540,285 1,012,120 1,531,774 2,574,637 4,851,123 26,337 80,012 383,773 1,543,305 1,201,928 566,622 1,092,132 1,915,547 4,117,942 6,053,051 12 31 2008 2009 2010 2011 2012 42,815,076 75,475,752 125,358,954 127,976,528 107,707,296 32,533,750 63,027,176 110,906,263 110,333,214 80,219,221 10,281,326 12,448,576 14,452,691 17,643,314 27,488,075 007

2012 2012 2012 008

2013 2013 2013 2013 3 22 009

201218 18 18 TOP 10 010

2012 546 011

2012 12 31 3.33326% 14.2 4,100 5 012

2013 2013 3 22 013

10% 31% 11% 35% 13%, 018

31.3% (%) 13,114,098 20.3% (%) 8,485,293 10.3% (%) 4,323,730 8.9% (%) 3,707,968 7.4% (%) 3,092,373 5.2% (%) 2,187,154 3.2% (%) 1,346,988 2.9% (%) 1,194,769 2.4% (%) 988,754 2.2% (%) 934,439 2% (%) 828,377 1.4% (%) 605,765 1.4% (%) 595,403 1.1% (%) 468,910 22 2,073,926 4,323,730 10.3% 34 6,858,338 13,114,098 31.3% 8 1,369,859 3,707,968 8.9% 7 595,926 988,754 2.4% 9 3,960,781 8,485,293 20.3% 1 2,303,960 2,187,154 5.2% 3 294,295 605,765 1.4% 12 3,948,512 8,461,259 20.2% 96 21,405,597 41,874,021 100% 019

7 2, 3, 4, 5 8 9 17 11, 12, 13, 14 6 1 20 22 15 21 19 16 18 10 020

1 35% 44,502 213,291 2 100% 34,914 97,581 3 8% 29,200 73,718 4 50% 24,060 56,763 5 33% 116,208 291,166 6 50% 104,442 461,607 7 85% 205,730 347,190 8 35% 10,864 13,660 9 100% 78,386 309,723 10 51% 176,751 79,911 11 100% 44,870 144,925 12 49% 62,972 196,574 13 50% 61,461 191,212 14 40% 50,013 161,030 15 56% 10,558 27,238 16 56% 9,095 45,048 17 25% 34,289 113,789 18 55% 102,411 335,906 19 100% 21,970 117,861 20 45% 541,830 636,152 21 64% 281,492 133,046 22 30% 27,908 276,339 2,073,926 4,323,730 021

17 6 9 5 13 1 8 7 14 4 3 16 12 2 11 10 15 022

1 4 1,406,753 643,960 2 1 52,000 164,888 3 3 191,273 1,186,632 4 3 236,659 734,893 5 1 81,983 295,029 6 1 189,393 264,039 7 5 1,930,529 3,091,248 8 2 116,802 360,381 9 1 288,000 449,144 10 5 1,232,467 3,171,678 11 1 189,194 558,791 12 1 89,076 42,347 13 1 233,132 203,245 14 1 153,336 418,429 15 2 200,932 668,168 16 1 225,882 682,181 17 1 40,927 179,045 34 6,858,338 13,114,098 023

1 15% 153,724 62,625 2 50% 1,092,261 412,273 3 65% 138,269 72,511 4 65% 22,499 96,551 5 70% 52,000 164,888 6 55.2% 213,941 308,793 7 49% 81,574 318,766 8 10% 107,184 360,064 9 10% 144,175 400,550 10 51% 685,593 1,783,505 11 60% 37,032 159,844 12 60% 40,436 110,956 13 45.1% 113,805 915,832 14 70% 189,393 264,039 15 100% 288,000 449,144 16 51% 40,927 179,045 17 100% 229,281 379,629 18 96.875% 1,394,179 2,248,638 19 60% 92,122 207,418 20 100% 97,729 124,917 21 90% 117,218 130,646 22 37.5% 189,194 558,791 024

23 50% 81,983 295,029 24 50% 233,132 203,245 25 40% 153,336 418,429 26 60% 74,278 371,715 27 40% 126,654 296,453 28 60% 62,576 171,034 29 30% 54,226 189,347 30 80% 89,076 42,347 31 51% 58,960 42,034 32 51% 111,155 384,559 33 35% 66,544 308,300 34 60% 225,882 682,181 6,858,338 13,114,098 025

2 5 1 4 7 3 026

1 31.5% 90,270 354,753 2 8 40% 3,223 23,636 3 50% 263,663 72,668 4 25.5% 30,670 160,363 5 24.5% 75,100 145,170 6 25% 60,200 85,725 7 24.5% 72,800 146,439 595,926 988,754 027

1 70% 54,066 20,188 2 51% 162,666 456,407 3 50% 155,667 216,503 4 33.34% 213,853 166,921 5 42.5% 46,614 121,610 6 19.5% 171,810 575,436 7 35.65% 342,566 1,382,148 8 49% 222,617 768,755 1,369,859 3,707,968 028

1 3 2 1 100% 241,247 229,445 2 49% 39,455 280,031 3 100% 13,593 96,289 294,295 605,765 029

1 80% 934,950 1,843,816 2 100% 422,806 1,143,829 3 40% 34,923 357,674 4 45% 542,004 1,102,781 5 49% 256,003 663,975 6 39% 16,830 149,560 7 8% 1,318,585 2,453,110 8 49% 178,148 126,006 9 70% 256,532 644,542 10 50% 1,139,253 2,708,908 11 80% 9,180 63,665 12 40% 85,700 319,800 13 54.4% 371,803 1,194,769 14 24% 362,700 1,137,300 15 40% 17,161 209,688 5,946,578 14,119,423 030

1 100% 295,205 828,377 2 50% 221,685 934,439 3 49.5% 946,411 468,910 4 100% 223,752 100,893 5 100% 79,678 174,525 6 20% 195,984 319,985 7 51% 2,303,960 2,187,154 4,266,675 5,014,283 031

2012 201235,393 201121,964 13,42961.1% 2012 2011 4,1181,935 6,05347.0% 2011 2,575 2,2762012 4,851 88.4%2009 2012 51.4% 68.1% 88.4% 68.6% 2.57 2011 1.57 63.7% 036

12 2012 2012 6 8 51 41.6 2012 8 5.2 24.6% 037

038 2012 6 22 50% 50% 50% 50%33.6 2012 2012 12 31 2832011 61.7% 546 273 2011 353 54.6%36.5%2012 400 19,891 2012, 469 2012413 2012 12 31 82 1,657 7 210 68 120 7 5,693

70.0% 479 52,000 124,900 40.0% 2,028 85,700 240,000 24.0% 4,678 362,700 1,137,300 24.5% 2,124 75,100 120,100 5 25.0% 834 60,200 72,200 50.0% 188 233,200 299,900 24.5% 1,644 72,800 109,200 11,975 941,700 2,103,600 2012 12 3196 4,187 2,258 2,7551,459 2,670 5 2012 2013 039

040 18 2012

5 041

2013748442013 573 2013 60.0% 119,405 95,524 96.875% 27,071 17,007 100.0% 42,730 41,182 100.0% 174,525 159,965 51.0% 30,432 14,515 70.0% 181,406 154,435 50.0% 133,844 98,969 100.0% 97,581 66,076 80.0% 202,308 159,925 80.0% 54,480 0 60.0% 110,599 88,479 60.0% 75,062 60,050 65.0% 27,469 26,980 70.0% 32,200 19,552 70.0% 103,305 88,406 100.0% 19,755 12,432 100.0% 94,443 91,020 51.0% 45,182 22,111 100.0% 149,282 113,436 100.0% 5,037 0 100.0% 144,925 95,949 64.0% 57,980 37,006 85.0% 77,756 55,028 100.0% 152,427 121,941 51.0% 91,330 63,601 51.0% 71,329 6,048 51.0% 34,904 11,519 51.0% 22,319 17,147 51.0% 32,458 8,120 100.0% 108,004 90,019 60.0% 173,470 136,892 50.0% 37,315 23,164 2,730,333 1,996,498 042

35.0% 13,660 12,528 54.4% 132,131 124,942 10.0% 40,398 38,407 10.0% 33,295 6,858 50.0% 571,671 484,401 50.0% 201,191 0 50.0% 51,774 30,389 51.0% 24,857 19,880 35.0% 240,532 180,150 8 40.0% 23,637 18,919 50.0% 7,787 6,224 37.5% 149,337 144,512 45.0% 339,970 334,557 50.0% 154,314 129,522 49.0% 129,458 80,344 55.0% 150,612 114,591 50.0% 92,589 80,375 40.0% 172,889 138,312 42.5% 76,832 73,503 49.0% 169,877 148,648 50.0% 218,039 123,070 2,994,850 2,290,132 5,725,183 4,286,630 2012 12 31 754436 043

201235,393 2011 21,96413,42961.1% 34,214 96.7%2011 21,071 62.4% 1,912,061 20111,037,720 84.3% 17,894 2011 20,30511.9%2011 39,912 41.3%2011 2012 139,270 5,428 15.9% 38,975 92,296 2,633 7.7% 28,528 197,904 2,456 7.2% 12,410 103,222 2,352 6.9% 22,786 37,627 2,220 6.5% 59,000 144,678 2,116 6.2% 14,626 159,588 2,082 6.1% 13,046 43,030 1,420 4.1% 33,000 44,871 1,170 3.4% 26,075 69,613 1,113 3.2% 15,988 109,889 1,095 3.2% 9,965 69,601 1,021 3.0% 14,669 700,472 9,108 26.6% 13,003 1,912,061 34,214 100.0% 17,894 044

045 12,76137.3% 4,297 12.6% 3,0428.9% 29,264 85.5% 5561.6% 4,29312.6% 1010.3% 325 2011 303 7.3% 298 2011 251 18.7% 111 2011 90 23.3% 255 2011 199 28.1% 9,98929.2% 201132.6%2010 29.0% 2011 41.3% 38.7% 2011 1,001 2011 683 46.6% 2011 376 2012 700

046

047 201226 2011 196 2012 12 31234 2011 12 31367 1,010 2011 12 31 2,532 39 2011 12 3139 2012 131 2009 1 2009 60% 2012 12012 131 1 83 665 1,404 2011 600 1,320 10.8% 6.4% 668 2011 671 4072011 273 1.3% 20111.2% 2012 135 2011 7 2012 5642011 416 3,481 2011 3,553 2.0%2011 8.1% 8.8% 2,91783.8% 201188.3%

513 2011 833 320 20119,849 2011 11,333 13.1% 2011831,7792012680,676 2012 159,734 1,870 19.0% 11,707 82,830 1,678 17.0% 20,258 43,207 995 10.1% 23,029 105,263 932 9.5% 8,854 27,655 640 6.5% 23,142 8,292 602 6.1% 72,600 30,082 493 5.0% 16,389 9,634 432 4.4% 44,841 18,028 419 4.3% 23,242 195,951 1,788 18.1% 9,125 680,676 9,849 100.0% 14,469 2,0662011 1,0202,1382011 1,563 27.85% 25.0% 048

2012 81 233 99 2012 12 31 36,512 2011 12 31 22,020 14,492 2012 6 8 Target Smart Investments Limited5.2 327,849,579 162,113,714 Enzio Investments Limited Active Way Development Limited 2,550 2012 12 31 5,098 4,160 2012 12 31 28,848 2011 12 31 45,75916,911 049

2012 6 22 50% 51.0% 100.0% 90.5% 66.67% 85.0% 37.0% 80.0% 39.0% 50% 2012 12 31 93,358 2011 12 29 100%1,040SOHOSOHO 00410.HK 10% 2012 1 5 51%51 2012 4 17SOHO 70%30% SOHO2,138 050

051 2012 12 31 17,1442011 12 31 18,886 2012 12 31 24,8482011 12 31 35,773 2012 12 31 15,276 2011 12 31 19,327 5,7882012 12 31 5,464 2012 12 31 7,898 2011 12 31 5,884 21,3732011 12 31 32,112 49.0% 2011 12 31148.7% 2006 2012 12 31 2012 9 17 60%30 2012 9 22 60% 228 600350 35% 39%35 39

1958 1995 1 1982 20042005 2004 Delta House Limited XV Delta House Limited Wisearn Limited 1954 1982 19821998 1998 4 Profitwise Limited XV Profitwise Limited 052

1966 2005 1993 5 1995 5 2006 1 2006 10 XVTandellen Group LimitedTandellen Group Limited2009 7 1965 1981 26 2000 4 1969 1991 2009 19911995 19961998 19982001 20012009 2009 2 053

1952 199400004.HK 1981 1987 1989 5 1994 6 00051.HK 01097.HK 00020.HK Joyce Boutique Holdings Limited00647.HK 19711975 Ripon Ripon College 2012 6 15 1946 00020.HK 00004.HK1996 00051.HK01097.HK 2010 7 Joyce Boutique Holdings Limited00647.HK 2012 8 2 054

1962 1989 19931994 600704.SH) 000981.SZ000517.SZ 2006 6 22 1963 000002.SZ 00170.HK) 00118.HK 2006 6 22 055

1938 1962 40 19791986 1986 92001 3 2009 6 22 1945 00493. HK00051.HK 01386.HK 2006 6 22 056

1942 19922002 2003 12 002375.SZ2006 6 22 1976 PAG Pacific Alliance Group 20052006 Mellon Bank Mellon HBV Alternative Strategies LLC 2004 2002 1998 2012 10 (NYSE: CNR) 2012 4 1 057

1958 2002 19802010 2006 2010 6 1961 1985 19852001 2001 6 1963 1984 2002 19952005 2005 2 1962 1999 19842006 2007 1 058

059 1969 2010 8 2004 2010 02355.HK 19942004 8 10 00357.HK) 1974 1996 1996 1998 1998 11 2001 2006 2006 5 1968 1989 19891997 1997 1 2004 12 1972 1996 1999 19992007 1996 8

064

065 2012 12 31 14 2012 4 1 A.6.7 2012 6 8 A.6.7 2012 8 1 (A) 2012 6 15 2012 8 2 2012 4 1 10 2012 12 31 101

2012 12 31 20129 2 9/9 2/2 9/9 2/2 9/9 2/2 9/9 2/2 8/9 1/2 * 2/4 0/1 ** 1/2 8/9 2/2 7/9 0/2 7/9 1/2 8/9 0/2 9/9 2/2 *** 6/6 1/2 066

* 2012 6 15 2012 7 16 ** 2012 8 2 2012 *** 2012 4 1 2012 2012 2012 067

2012 12 31 2012 12 31 2 2/2 2/2 1/2 2/2 * 1/1 ** 1/1 * 2012 4 1 ** 2012 8 2 2012 12 31 068

2012 12 31 3 2012 3/3 3/3 * 2/2 2012 12 31 2012 12 31 1 2012 1/1 1/1 3/3 1/1 ** 1/1 * # * 2012 4 1 ** 2012 8 2 * 2012 7 16 # 20121 069

2012 6 8 100% (B) 2004 2012 2011 5,040 5,040 227 5,267 5,040 2013 2013 6 17 070

(C) (10%) 2012 6 8 071

投資者關係 本公司的投資者關係隊伍定期與投資者舉行會議 讓他們獲悉本 投資者關係及與股東溝通 本公司設置與股東及公眾人士聯絡的不同渠道 以確保他們同步 獲悉本公司的最新信息及發展 有關本公司財務數據 物業項目 及主要事項的資料可透過刊發的年報及中期報告 公告 通函 新聞稿 每月通訊及本公司網站而獲得 份的市場流動性 並建立更穩固的股東基礎 因此 本公司承諾 保持公司高透明度及遵守向股東 投資者 分析師及銀行家及時 綠城中國控股有限公司 二零一二年年報 干重大事件例如業績公告 重要業務發展或融資活動後舉辦 董 事及高級管理層將會出席活動親身解答投資者的問題 業績公佈 後的分析師會議及新聞發佈會亦會於網上播放令相關資料得到更 及時地發布及更廣泛地接觸投資者 董事會相信有效的投資者關係有助降低融資成本 改善本公司股 披露相關信息的政策 公司的最新業務發展及公司策略 一系列的公關活動於本公司若 年內 我們安排了130餘次參觀考察本集團的項目 進行了200餘 次的投資者會面和電話會議 並參加了投資銀行組織的26場投資 者推介會 通過各種投資者關係活動 集團與投資者的互動不斷 加深 公司的透明度亦獲得持續提升 072

投資者關係 本公司於2012年舉行的主要投資者關係活動如下 活動 日期 2012年 2011年年度業績公佈之新聞發佈會及分析師會議 4月2日 2012年 2012年股東週年大會 6月8日 2012年 綠城與九龍倉戰略合作新聞發布會 6月8日 2012年 綠城與融創中國戰略合作新聞發布會 6月22日 2012年 2012年股東特別大會 8月1日 2012年 2012年中期業績公佈之新聞發佈會及分析師會議 8月27日 073 綠城中國控股有限公司 二零一二年年報

2012 1 51 6 2012 1 91 10 2012 4 254 26 2012 2012 5 8 2012 5 9 2012 2012 5 105 11 2012 2012 5 11 2012 5 145 16 17 2012 5 215 22 2012 6 136 15 8 2012 6 19 2012 7 5 2012 7 127 13 2012 9 69 7 2012 2012 10 1510 16 2012 10 2910 30 2012 CEO 2012 11 111 2 2012 11 111 2 2012 11 511 6 2012 11 811 9 2012 2012 11 2111 22 2012 11 2611 27 CIMB 8 CIMB 2012 11 29 2012 2012 12 4 3 5 2012 12 5 2012 12 14 074

2012 326% 075

2013 1 1 17* 13 4 Jefferies * 076

www.chinagreentown.com +85225233137 ir@chinagreentown.com 077

2012 12 31 2005 8 312004 2006 7 13 44 18 17 2012 12 31 2012 12 31 104 105 2012 12 31103 7 2012106107 2013 7 22012 12 31 0.5 201220122013 6 17 2013 7 12 0.5 082

1 2 3 4 2012 12 317 15 1 2 3 8.22 16.35 5.20 5.20 2006 7 13 2007 5 4 2012 6 15 2012 8 2 347,402,500 141,500,000 327,849,579 162,113,714 30 2012 12 31 2007 28 201231 2012 12 31 083

2012 12 31 2012 6 15 2012 8 2 2012 4 1 2012 1 1 2012 4 1 2012 6 15 2012 7 16 2012 8 2 130 084

52 59 11 11 3.13 3.13 085

2012 12 31 352 1,089,000 1 68,859,000 2 472,124,000 3 542,072,000 25.29% 609,000 1 384,490,500 4 385,099,500 17.97% 15,000,000 5 100,000,000 6 115,000,000 5.37% 336,000 1 13,010,000 7 13,346,000 0.62% 5,216,500 8 5,216,500 0.24% (1) 2009 1 222009 1 222019 1 21 2.89 (2) Wisearn LimitedWisearn (3) Delta House LimitedDeltaXVDelta 372,124,000 112 88 XV100,000,000 (4) Profitwise LimitedProfitwise (5) 2009 7 172009 7 172019 7 16 11.59 (6) Tandellen Group LimitedTandellen50% (7) Jamuta Investments Limited (8) 2009 5 132009 5 132019 5 12 7.16 086

1 69,200,000 34.6% 2 54,000,000 27% (1) 69,200,000 (2) 54,000,000 2012 12 31 2012 12 31336 1 2 542,072,000 (L) 25.29% Delta 3 372,124,000 (L) 17.36% 3 100,000,000 (L) 4.67% Profitwise 4 384,490,500 (L) 17.94% 5 115,000,000 (L) 5.37% Tandellen 6 100,000,000 (L) 4.67% Lehman Brothers Holdings Inc. 7 101,400,450 (L) 4.73% 31,868,575 (S) 1.49% HSBC Trustee (Guernsey) Limited 8 869,446,387 (L) 40.57% 9 869,446,387 (L) 40.57% 10 869,446,387 (L) 40.57% 087

(1) LS (2) WisearnXVWisearn 68,859,000 XV(i) Delta372,124,000(ii) 100,000,000(iii)1,089,000 542,072,000 (3) (4) (5) Tandellen 100,000,000 (L) 50% 15,000,000 (L) (6) (7) Lehman Brothers Holdings Inc. 101,400,450 (L) 31,868,575 (S) (8) HSBC Trustee (Guernsey) Limited Wheelock Investments Limited WF Investment Partners Limited Wharf China Holdings Limited Target Smart Investments LimitedTarget Smart Enzio Investments LimitedEnzio 869,446,387 (L) (9) Wheelock Investments Limited WF Investment Partners Limited Wharf China Holdings Limited Target Smart Enzio 869,446,387 (L) (10) Wharf China Holdings Limited Target Smart Enzio869,446,387 (L) 2012 12 31 2006 6 222016 6 21 10% 1% 0.1% 5,000,000 (i)(ii)5 (iii) 36 27,014,1501.26% 088

2012 12 31122009 1 222009 5 132009 6 222009 7 17 544,500 544,500 2009 1 22 2009 1 222019 1 21 2.89 272,250 272,250 2009 1 22 2010 1 222019 1 21 2.89 272,250 272,250 2009 1 22 2011 1 222019 1 21 2.89 1,089,000 1,089,000 81,000 81,000 2009 1 22 2009 1 222019 1 21 2.89 264,000 264,000 2009 1 22 2010 1 222019 1 21 2.89 264,000 264,000 2009 1 22 2011 1 222019 1 21 2.89 609,000 609,000 7,500,000 7,500,000 2009 7 17 2009 7 172019 7 16 11.59 3,750,000 3,750,000 2009 7 17 2010 7 172019 7 16 11.59 3,750,000 3,750,000 2009 7 17 2011 7 172019 7 16 11.59 15,000,000 15,000,000 288,000 240,000 48,000 2009 1 22 2009 1 222019 1 21 2.89 144,000 144,000 2009 1 22 2010 1 222019 1 21 2.89 144,000 144,000 2009 1 22 2011 1 222019 1 21 2.89 576,000 240,000 336,000 3,300,000 3,300,000 2009 5 13 2009 5 132019 5 12 7.16 3,400,000 1,483,500 1,916,500 2009 5 13 2011 5 132019 5 12 7.16 3,300,000 3,300,000 2009 5 13 2012 5 132019 5 12 7.16 10,000,000 4,783,500 5,216,500 10,593,000 5,048,000 5,545,000 2009 1 22 2009 1 222019 1 21 2.89 6,869,000 1,608,750 5,260,250 2009 1 22 2010 1 222019 1 21 2.89 7,463,000 1,398,750 6,064,250 2009 1 22 2011 1 222019 1 21 2.89 17,818,500 85,000 417,500 17,316,000 2009 6 22 2009 6 222019 6 21 11.00 8,909,250 12,500 208,750 8,688,000 2009 6 22 2010 6 222019 6 21 11.00 8,909,250 125,00 208,750 8,688,000 2009 6 22 2011 6 222019 6 21 11.00 60,562,000 8,165,500 835,000 51,561,500 872,500 872,500 2009 6 22 2009 6 222019 6 21 11.00 436,250 436,250 2009 6 22 2010 6 222019 6 21 11.00 436,250 436,250 2009 6 22 2011 6 222019 6 21 11.00 1,745,000 1,745,000 89,581,000 13,189,000 835,000 75,557,000 13,189,000835,000 089

2009 36 402012 12 31 2012 12 3140 14A (A) 2012 14A (a) 2012 4 17SOHOSOHO 2,137,720,000 70% 30% 70% 1,615,848,200 (a) 1,300,638,200 70% (b) 315,210,000 30% 30% 2012 4 172012 4 30 2012 6 8 090

(A) (b) 2012 6 8Target Smart Investments Limited 5.20 327,849,579 2011 6 13 2012 6 15 2012 6 8Active Way Development Limited Enzio Investments Limited 2012 7 16(i)5.20 5.20162,113,714(ii) 2,550,000,000 2012 8 1 2012 8 2 2012 6 15362,738,079 18.4% 2012 8 2 14A 2012 6 82012 6 152012 7 162012 8 1 2012 8 2 2012 7 17 091

(A) (c) 2012 11 15 60% 40% 2012 11 14 2,028,000,0002,526,000,000 60 40 60% 40%811,200,0001,101,000,000 60% 40% 815,000,0001,015,000,000 524,851,79324.6% 14A 2012 11 15 (B) 201214A (a) 2008 12 1 2012 1 20 2014 12 31 092

(B) (a) 2014 12 31 8,630,000 8,130,000500,000 2014 12 31 2012 1 20 (b) 2008 12 12011 12 15 2012 1 20 2014 12 31 2014 12 3170,000,000 2014 12 31 2012 1 20 093

(B) (c) 2008 12 1 2010 12 23 2009 1 1 2011 12 31 2012 1 20 2014 12 31 (1) 2014 12 31 10,000,000 (2) 2014 12 31 130,000,000 180,000,000 200,000,000 (3) 2014 12 31 18,000,000 094

(B) (c) (4) 2014 12 31 10,000,000 2012 1 20 (d) 2010 12 23 2010 1 1 2011 12 31 2012 1 20 2014 12 31 2014 12 3110,000,000 2012 1 20 095

(B) (e) 2010 12 23 2010 1 1 2011 12 31 2012 1 20 2014 12 31 2014 12 3125,000,000 50,000,000 50,000,000 2012 1 20 (f) 2010 12 23 2010 1 1 2011 12 31 2012 1 20 2014 12 31 2014 12 3115,000,000 16,000,000 17,000,000 2012 1 20 096

(B) 2012 12 31 2012 12 31 8,623 70,000 97,931 9,839 7,414 529 1,280 1,224 (a) (b) (c) 3000 740 14A.38 14A 097

2006 6 22 2006 6 30 2007 3 26 2007 12 31 2012 12 31 2010 8 3 34.6% 2010 9 7 2012 6 15 0002000004 00051 2012 8 2 098

30% 10% 30% 10% 5%2012 12 31 2012 12 31 4,67020114,383 36 2012 12 31 4,648,000 099

2012 12 31 2013 1 28 2018400,000,0008.50% 20132013 2013394,000,000 2013 3 16 China Gold Associates Limited 3100% 90.1950% 2013 6 17 2013 6 11 2013 6 17 2013 6 104 30 183 17 1712-1716 2012 12 31 2013 3 22 100

103 215 2012 12 31 101

2012 12 31 2013 3 22 102

2012 12 31 2012 2011 7 35,392,506 21,963,747 (24,678,810) (14,555,354) 10,713,696 7,408,393 8 1,000,594 683,146 (665,170) (599,914) (1,403,873) (1,320,020) 9 (564,115) (415,698) 15 13,067 (62,187) (143,867) 15 (81,485) 16 600 5,000 27 82,520 168,960 33 549,697 3,639 32 3,399 56,505 104,507 1,573 20,948 32 49,980 1,377 209,356 777,498 304,119 55,669 10 10,257,200 6,700,714 12 (4,204,149) (2,582,772) 6,053,051 4,117,942 4,851,123 2,574,637 1,201,928 1,543,305 6,053,051 4,117,942 14 2.57 1.57 2.37 1.55 103

2012 12 31 2012 2011 15 3,675,256 2,861,141 16 1,730,600 1,730,000 17 6,573,266 5,866,392 18 1,003,745 1,061,033 19 346,545 303,300 20 254,968 196,726 6,744 15,358 21 782,241 728,165 14,373,365 12,762,115 22 6,020,524 14,127,886 23 43,136,154 67,597,987 7,330,358 2,956,620 76,299 73,387 19 234,720 24 4,712,786 5,180,473 40(ii) 21,619,085 15,131,620 1,076,018 1,509,285 1,464,738 2,518,644 24, 37 1,734,337 2,268,642 24 6,163,632 3,615,149 93,333,931 115,214,413 25 15,958,635 13,238,106 28,848,285 45,758,782 40(ii) 7,125,114 13,689,413 164,026 5,389,742 2,935,305 985,100 926,474 1 26 15,014,288 15,877,335 27 82,520 28 186,466 29 241,327 73,562,491 92,858,427 104

2012 12 31 2012 2011 19,771,440 22,355,986 34,144,805 35,118,101 1 26 6,117,815 15,806,358 27, 40(ii) 992,174 29 241,718 21 538,915 434,537 6,656,730 17,474,787 27,488,075 17,643,314 30 207,422 166,441 18,850,269 11,773,458 31 2,084,472 21,142,163 11,939,899 6,345,912 5,703,415 27,488,075 17,643,314 103 215 2013 3 22 105

2012 12 31 i 2011 1 1 166,243 6,291,728 (453,909) 339,060 27,275 270,652 3,558,465 10,199,514 4,253,177 14,452,691 2,574,637 2,574,637 1,543,305 4,117,942 13 (753,062) (753,062) (753,062) (35,470) (35,470) i 7,090 (7,090) 11,907 11,907 11,907 198 7,994 (2,454) 5,738 5,738 (34,977) (34,977) (97,583) (97,583) (8,171) (105,754) (1,252) (1,252) 6,372 5,120 (38,759) (38,759) (14,977) (14,977) 32,915 32,915 2011 12 31 166,441 6,299,722 (552,744) 346,150 27,275 280,105 5,372,950 11,939,899 5,703,415 17,643,314 106

2012 12 31 i 4,851,123 4,851,123 1,201,928 6,053,051 (186,676) (186,676) i 103,320 (103,320) 30 39,910 2,035,406 2,075,316 2,075,316 31 2,084,472 2,084,472 2,084,472 1,203 1,203 1,203 1,071 60,636 (13,445) 48,262 48,262 2007 28 (27,275) 27,275 33 (1,407,985) (1,407,985) 141,888 141,888 405,385 547,273 32 102,857 102,857 (6,072) (6,072) 42 17,000 17,000 516,060 516,060 2012 12 31 207,422 8,395,764 (410,856) 449,470 267,863 2,084,472 10,148,028 21,142,163 6,345,912 27,488,075 (i) 107

2012 12 31 2012 2011 10,257,200 6,700,714 (209,356) (777,498) (304,119) (55,669) 169,381 147,604 (13,067) 81,485 62,187 143,867 (700,482) (376,158) (130,769) (17,469) 564,115 415,698 (1,466) (141,797) (806) 118 (600) (5,000) 1,203 11,907 (82,520) (168,960) (549,697) (3,639) (1,377) (56,505) (104,507) (1,573) (3,399) (20,948) (49,980) 8,982,308 5,795,810 (1,877,434) 3,281,496 12,407,149 (9,936,958) (5,010,740) (979,818) 19,067 (15,983) (745,381) 70,415 266,683 964,768 (590,403) 6,687 (1,799) (14,148,066) (443,996) 5,147,959 4,754,075 (926,936) 62,425 282,754 5,808,742 1,555,340 (1,108,948) (1,680,219) 4,699,794 (124,879) 108

2012 12 31 2012 2011 (1,077,664) (569,242) 4,766 6,388 (67,336) (51,123) (509,207) (2,368,374) (50,000) (249,383) 879,726 110,300 50,000 5,976 4,392,611 751,515 32 60,311 (19,998) 42 61,621 (579,578) 33 2,452,999 (15,685) 26,250 900,000 286,270 (923,460) (2,436,836) (433,623) 534,305 296,592 1,090,204 520,934 130,769 17,469 91,175 (109,076) 6,711,505 (3,501,909) 109

2012 12 31 2012 2011 11,483,218 14,958,498 (18,505,478) (16,290,135) (2,168,517) (519,696) 3,323,750 (819,650) (3,150,000) 516,060 32,915 (3,586,481) (2,820,814) (164,026) (589,036) (186,676) (35,470) 2007 (189,725) 48,262 5,738 2,075,316 2,084,472 3,122 28,149 (105,754) 547,273 5,120 (8,862,830) (5,156,735) 2,548,469 (8,783,523) 3,615,149 12,407,659 14 (8,987) 6,163,632 3,615,149 6,163,632 3,615,149 110

2012 12 31 1. 2005 8 31 2004 2006 7 13 2. 2012 1 1 20092011 1 7 1 9 7 9 3 10 11 1 12 10 2 12 27 9 3 10 1 11 1 12 1 13 1 1 4 192011 1 272011 1 282011 1 32 2 20 1 1 2013 1 1 2 2014 1 1 3 2015 1 1 4 2012 7 1 111

2012 12 31 2. 2012 620092011 200920112013 1 1 116 32 1 1 1616 32 12 32 9 2009 992010 9 39 9 112

2012 12 31 2. 9 9 39 92015 1 1 9 2011 5 10 11 12 272011 282011 10 2712 10(a) (b) (c)10 113113 1111 31 11 31 12 12 113

2012 12 31 2. 2013 1 1 2013 1 1 13 13 13 13 7 13 132013 1 1 2013 1 1 13 1 1 1 1 1 (a) (b) 1 2012 7 1 114

2012 12 31 3. 115

2012 12 31 3. (i) (ii) (iii) 39 1219 2 5 116

2012 12 31 3. 39 37 117

2012 12 31 3. 39 118

2012 12 31 3. 119

2012 12 31 3. 120

2012 12 31 3. 12 121

2012 12 31 3. 122

2012 12 31 3. 123

2012 12 31 3. 124

2012 12 31 3. 125

2012 12 31 3. 90 126

2012 12 31 3. 127

2012 12 31 3. 128

2012 12 31 3. (i)37 (ii) 129

2012 12 31 4. 2012 12 31 6,020,524,0002011 14,127,886,00043,136,154,0002011 67,597,987,0007,330,358,0002011 2,956,620,000 2011 62,187,000143,867,0002011 143,867,000 2011 2012 12 311,730,600,0002011 1,730,000,000 2,237,657,0002011 1,443,486,000 130

2012 12 31 5. 26 29 40(ii) 6. (a) 2012 2011 32,939,725 24,845,916 346,545 538,020 82,520 44,192,216 59,027,777 (b) 131

2012 12 31 6. (b) (i) 2012 2011 2012 2011 818,959 2,068,499 456,264 105,899 1,710,876 2,553,392 83,678 48,180 5% 20115%5% 5%5% 5% 2012 2011 2012 2011 13,601 73,598 61,020 93,945 132

2012 12 31 6. (b) (ii) 24 26 27 28 29 40 24 26 40 5 2011 550 201150 52012 12 31 2,311,00020111,356,000 50 2012 12 31 62,522,0002011109,742,000 133

2012 12 31 6. (b) 2012 12 31 39 134

2012 12 31 6. (b) 2012 12 31 2012 14,426,570 1,267,102 15,693,672 15,693,672 13.71% 4,796,679 1,903,742 92,142 6,792,563 5,719,056 7.08% 12,092,626 4,350,168 818,825 17,261,619 15,413,047 3,984,322 3,984,322 3,984,322 4.94% 1,974,274 1,974,274 1,881,247 7.46% 1,353,515 1,353,515 1,259,545 9% 260,210 260,210 241,327 25,396,108 25,396,108 64,284,304 7,521,012 910,967 72,716,283 44,192,216 135

2012 12 31 6. (b) 2011 12 31 2011 10,768,064 1,302,223 12,070,287 12,070,287 164,026 164,026 164,026 11.05% 3,063,588 2,294,781 8,357 5,366,726 4,551,565 6.13% 14,984,259 14,048,372 963,879 29,996,510 27,132,128 4,708,789 4,708,789 4,708,789 10.18% 8,258,527 8,258,527 7,495,342 7.27% 2,657,550 2,657,550 2,477,456 2007 189,734 189,734 186,466 9% 21,755 259,847 281,602 241,718 23,163,660 23,163,660 67,979,952 17,905,223 972,236 86,857,411 59,027,777 2012 12 31 69,291,0002011 80,455,000 86,263,0002011 99,286,000 136

2012 12 31 6. (c) 2012 2011 2007 186,466 158,048 1 241,327 248,200 1 241,718 169,365 1 1 2012 2011 82,520 137

2012 12 31 6. (c) 2011 1 1 251,480 (168,960) 2011 12 31 82,520 (82,520) 2012 12 31 7. 2012 2011 34,214,430 21,071,067 298,476 250,993 254,783 199,267 111,480 90,052 324,800 302,995 104,320 8,572 84,217 40,801 35,392,506 21,963,747 138

2012 12 31 7. 8 1 2 3 4 3 10% 139

2012 12 31 7. 2012 12 31 34,214,430 298,476 111,480 768,120 35,392,506 35,392,506 11,707 703 1,054,283 1,066,693 (1,066,693) 34,214,430 310,183 112,183 1,822,403 36,459,199 (1,066,693) 35,392,506 6,269,967 (41,654) (17,566) (17,043) 6,193,704 (47,573) 6,146,131 (48,252) 19,762 (13,659) 82,520 (133,451) 6,053,051 2011 12 31 21,071,067 250,993 90,052 551,635 21,963,747 21,963,747 15,435 883 654,673 670,991 (670,991) 21,071,067 266,428 90,935 1,206,308 22,634,738 (670,991) 21,963,747 4,156,958 6,589 (17,761) 41,004 4,186,790 (16,317) 4,170,473 (51,235) 9,368 (32,411) 168,960 (147,213) 4,117,942 140

2012 12 31 7. 2012 2011 97,895,112 119,352,193 2,951,674 2,469,622 1,784,857 1,800,169 2,721,404 2,579,308 105,353,047 126,201,292 2,354,249 1,775,236 107,707,296 127,976,528 2012 2011 73,911,205 102,423,173 180,623 232,837 1,091,446 1,229,673 4,230,237 5,492,789 79,413,511 109,378,472 805,710 954,742 80,219,221 110,333,214 141

2012 12 31 7. 2012 12 31 2,896,640 92,718 147 21,081 3,010,586 3,010,586 6,573,266 6,573,266 6,573,266 1,003,745 1,003,745 1,003,745 (56,505) (56,505) (56,505) (1,377) (1,377) (1,377) (549,697) (549,697) (549,697) (49,980) (49,980) (49,980) (3,399) (3,399) (3,399) 69,129 75,676 7,469 17,503 169,777 169,777 81,485 81,485 81,485 (580) (13) (17) (196) (806) (806) (665,745) (10,134) (20,039) (3,078) (698,996) (1,486) (700,482) 370,896 4,683 70,405 104,472 550,456 13,659 564,115 (209,356) (209,356) (209,356) (304,119) (304,119) (304,119) 4,061,183 (2,482) 277 11,720 4,070,698 133,451 4,204,149 142

2012 12 31 7. 2011 12 31 2,769,975 496,407 704 40,747 3,307,833 407 3,308,240 5,866,392 5,866,392 5,866,392 1,061,033 1,061,033 1,061,033 (104,507) (104,507) (104,507) (1,573) (1,573) (1,573) (3,907) 268 (3,639) (3,639) (20,948) (20,948) (20,948) 41,960 89,031 7,452 13,118 151,561 508 152,069 (13,067) (13,067) (13,067) 390 28 44 462 (344) 118 (368,482) (1,573) (69) (5,809) (375,933) (225) (376,158) 285,569 5,165 53,512 39,041 383,287 32,411 415,698 (777,498) (777,498) (777,498) (55,669) (55,669) (55,669) 2,411,369 3,333 128 20,729 2,435,559 147,213 2,582,772 143

2012 12 31 8. 2012 2011 80,825 74,248 619,657 301,910 130,769 17,469 46,416 9,938 26,126 196,459 50,198 46,334 46,603 36,788 1,000,594 683,146 9. 2012 2011 5 1,601,308 2,228,791 5 52,181 118,714 5 1,460,947 543,471 27 341,024 630,801 200728 3,259 8,356 29 21,899 22,485 3,480,618 3,552,618 (2,913,604) (3,100,671) (2,899) (36,249) 564,115 415,698 8.80%20118.10% 144

2012 12 31 10. 2012 2011 900,970 888,688 1,203 11,907 38,564 32,379 940,737 932,974 (273,150) (262,013) 667,587 670,961 169,777 152,069 (9,490) (9,767) 160,287 142,302 9,094 5,302 18,101 14,087 24,522,092 14,437,377 (806) 118 145

2012 12 31 11. 13201111 # ^ * + 2012 141 108 225 236 225 236 225 195 1,591 2,000 2,000 1,200 1,000 1,200 7,400 83 83 68 91 16 341 2,058 2,058 380 598 360 5,454 1,203 1,203 4,141 4,141 1,648 1,689 2,779 141 108 225 236 225 236 225 195 15,989 # ~ 2011 120 166 120 166 120 166 858 2,000 2,000 1,200 1,000 1,200 7,400 78 78 64 86 48 354 450 450 360 359 925 2,544 9 8 3,738 1 5,162 8,918 2,537 2,536 5,362 1,446 7,335 120 166 120 166 120 166 20,074 146

2012 12 31 11. ^ 2012 6 152012 7 16 * 2012 8 2 + 2012 4 1 ~ 2012 1 1 # 2011 7 1 2011 2011 2012 2011 1,590 684 118 43 3,165 1,039 1 4,873 1,767 2012 2011 2,000,001 2,500,000 1 1 3,500,001 4,000,000 1 147

2012 12 31 12. 2012 2011 2,192,930 1,653,519 2,066,294 1,020,354 4,259,224 2,673,873 (54,006) (2,954) 21 (1,069) (88,147) 4,204,149 2,582,772 25% 5% 10%10% 148

2012 12 31 12. 2012 2011 10,257,200 6,700,714 25%201125% 2,564,300 1,675,179 (17,164) (11,502) (52,339) (194,375) (76,030) (13,917) (138,095) (11,780) 191,671 226,761 (54,006) (2,954) 122,906 68,165 48,198 (9,826) (20,201) (6,988) (18,549) (13,675) 2,066,294 1,020,354 (516,574) (248,932) 130,000 80,000 4,204,149 2,582,772 2012 12 31 21 1994 1 11995 1 27 30% 60% 20% 0.5%-3%1%-6% 2012 12 312,066,294,0002011 1,020,354,000 149

2012 12 31 13. 2011 6 1720100.36 589,036,000 2012 3 1920110.10 164,026,000 2011 12 312012 6 30 2012 12 31 0.5 14. 2012 2011 4,851,123 2,574,637 2007 28 3,259 8,356 4,854,382 2,582,993 2012 2011 1,889,150,532 1,639,318,123 15,782,728 16,718,289 200728 3,091,716 8,297,621 31 143,502,407 2,051,527,383 1,664,334,033 150

2012 12 31 15. 2011 1 1 2,102,916 57,564 62,341 11,592 185,165 232,528 173,050 2,825,156 2,979 6,615 2,050 59,045 66,873 431,680 569,242 (645) (670) (154) (8,444) (9,894) (19,807) 33 (2,949) (1,744) (6,865) (11,558) (799) (2,767) (3,566) 2011 12 31 2,102,916 59,898 68,286 10,539 233,223 279,875 604,730 3,359,467 1,634 4,573 10,002 4,894 25,097 30,087 1,001,377 1,077,664 628,913 174,668 (803,581) (8) (2,878) (17) (2,221) (8,647) (13,771) 33 (3,068) (6,108) (1,286) (8,742) (15,954) (35,158) 42 1,185 1,248 4,235 6,668 32 3,038 14 1,462 602 5,116 2012 12 31 2,733,455 236,071 72,340 15,329 250,067 290,198 802,526 4,399,986 2011 1 1 (131,363) (17,502) (36,206) (1,636) (80,612) (109,577) (376,896) (64,990) (4,608) (8,319) (1,178) (36,891) (36,083) (152,069) 13,067 13,067 94 350 112 6,442 6,303 13,301 33 1,349 728 2,079 4,156 67 48 115 2011 12 31 (183,286) (22,016) (44,175) (1,353) (110,266) (137,230) (498,326) (55,499) (13,234) (11,730) (7,053) (41,207) (41,054) (169,777) (81,485) (81,485) 5 1,772 16 1,493 6,525 9,811 33 667 3,538 88 3,193 7,561 15,047 2012 12 31 (320,265) (34,583) (50,595) (8,302) (146,787) (164,198) (724,730) 2012 12 31 2,413,190 201,488 21,745 7,027 103,280 126,000 802,526 3,675,256 2011 12 31 1,919,630 37,882 24,111 9,186 122,957 142,645 604,730 2,861,141 151

2012 12 31 15. 40 20 5 10% 33 1 /3% 10% 33 1 /3% 10% 20% 2008 200853,000,000 10% 2010 12 312011 12 31 2010201139,933,000 13,067,000 2012 201281,485,000 10% 2012 2011 201,488 37,882 2,413,190 1,919,630 37 152

2012 12 31 16. 2011 1 1 1,725,000 5,000 2011 12 31 1,730,000 600 2012 12 31 1,730,600 20122011 12 31 2012 2011 1,730,600 1,730,000 17. 2012 2011 6,051,578 4,887,483 521,688 978,909 6,573,266 5,866,392 153

2012 12 31 17. 20112012 12 31 2012 2011 85,000,000 35% 35% 50,000,000 45% 45% 1,389,140,188 50% (iii) 50% (iii) 200,000,000 49% (i) 49% (i) 580,000,000 35% 35% 200,000,000 45% 45% 174,807,000 43% (ii xi) 85% (ii) 154

2012 12 31 17. 2012 2011 98,000,000 49% (i) 49% (i) 300,000,000 49% 49% 300,000,000 49% 49% 20,000,000 40% 40% 100,000,000 (iv) 45% 100,000,000 (iv) 49% 100,000,000 38% 38% 530,000,000 30% 30% 10,000,000 42% 42% 155

2012 12 31 17. 2012 2011 100,000,000 25% 25% 200,000,000 45% 45% 100,000,000 33% 33% 50,000,000 49% 49% 1,860,180,000 40% 40% 250,000,000 35% 35% 100,000,000 40% 40% 100,000,000 40% 40% 50,000,000 20% 20% 156

2012 12 31 17. 2012 2011 200,000,000 40% 25% 160,000,000 30% 30% 2,000,000,000 24% 24% 130,000,000 (vi) 41% 98,000,000 30% 30% 50,000,000 32% 32% 50,000,000 49% 49% 50,000,000 39% 39% 50,000 25% (vii) 25% (vii) 157

2012 12 31 17. 2012 2011 50,000,000 20% 20% 147,760,000 25% (vii) 25% (vii) 143,210,000 25% (vii) 25% (vii) 83,620,000 25% (vii) 25% (vii) 10,000 25% (vii) 25% (vii) 1,000,000 25% (vii) 25% (vii) 10,000 40% (xiii) 2,000,000,000 50% (ix) 100,000,000 49% (viii) 158

2012 12 31 17. 2012 2011 80,000,000 49% (x) 50,000,000 26% (xi) 1,000,000,000 50% (xi) 360,000,000 33% (xi) 250,000,000 50% (xi) 10,000,000 40% (xi) 380,000,000 40% (xii) 50,000,000 40% (v) 159

2012 12 31 17. (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiii) 27(I)(C) 85% 20092012 12012 785% (xi) 33 201235% 39% 60% 2012 33 10%2012 32 51% 2012 33 2012 2012 1% 2012 6 22 (i) 33(ii) (a) 50%(b) 50% 50% 3,357,936,000 2012 7 1 60% 2012 33 20121.00400 40(iii)(c) 160

2012 12 31 17. 2012 2011 131,687,887 81,374,228 (112,353,134) (64,391,603) 19,334,753 16,982,625 6,573,266 5,866,392 7,202,157 9,535,330 400,107 1,645,639 209,356 777,498 18. 2012 2011 829,559 917,589 174,186 143,444 1,003,745 1,061,033 20112012 12 31 2012 2011 80,000,000 (v) 50% 20,000,000 50% 50% 100,000,000 50% (i) 50% (i) 161

2012 12 31 18. 2012 2011 80,000,000 50% (i) 50% (i) 30,000,000 50% (i) 50% (i) 80,000,000 50% (i) 50% (i) 80,000,000 35% (i) 35% (i) 100,000,000 51% (ii) 51% (ii) 100,000,000 50% (i) 50% (i) 80,000,000 50% (iii) 50% (iii) 80,000,000 50% (iii) 50% (iii) 200,000,000 49% (iv) 49% (iv) 162

2012 12 31 18. 2012 2011 50,000,000 50% 50% 50,000,000 50% 50% 100,000,000 55% (vi) 55% (vi) 300,000,000 50% 50% (i) (ii) (iii) (iv) (v) (vi) 100% 1%2012 163

2012 12 31 18. 2012 2011 11,297,308 9,924,116 361,274 47,039 (8,560,331) (6,367,105) (2,173,423) (2,529,087) 1,561,408 1,048,723 (1,275,135) (987,625) 2012 2011 17,846 44,279 78,917 61,071 164

2012 12 31 19. 2012 2011 346,545 303,300 27 110,970 27 23,750 100,000 234,720 346,545 538,020 2011 10%2011 12 29 10% SOHO2012 20. 2012 2011 264,525 201,377 9,557 4,651 254,968 196,726 264,525 201,377 165

2012 12 31 21. 2011 1 1 12,862 8,912 339,395 (201,712) 203,144 (127,184) (25,385) 210,032 (2,720) 43,978 64,736 (38,516) 95,141 (80,000) 5,528 88,147 (4,551) (4,551) 2011 12 31 10,142 52,890 399,580 (240,228) 298,285 (207,184) (19,857) 293,628 12,471 19,719 (223,475) 46,068 273,367 (130,000) 2,919 1,069 33 6,509 (15,546) (42,334) (51,371) 2012 12 31 29,122 57,063 133,771 (194,160) 571,652 (337,184) (16,938) 243,326 2012 2011 782,241 728,165 (538,915) (434,537) 243,326 293,628 1,637,272,0002011 2,471,047,000 535,086,0002011 1,602,020,000 1,102,186,0002011 869,027,000 166

2012 12 31 21. 2012 2011 2012 84,874 2013 157,850 199,683 2014 149,582 168,472 2015 123,751 150,804 2016 232,334 265,194 2017 438,669 1,102,186 869,027 192,792,0002011 192,792,000 2008 1 1 7,600,973,0002011 12 31 4,567,640,000 22. 2012 12 311,857,329,0002011 10,271,888,000 12 23. 2012 2011 22,615,786 40,728,038 16,776,048 21,945,782 3,744,320 4,924,167 43,136,154 67,597,987 26,233,022,0002011 43,290,608,00012 167

2012 12 31 24. 2012 2011 459,907 402,958 2,828,812 2,858,368 1,100,461 1,142,132 323,606 777,015 4,712,786 5,180,473 90 91 2012 2011 0 30 80,382 117,337 31 90 26,816 87,885 91 180 130,170 49,955 181 365 67,118 45,672 365 155,421 102,109 459,907 402,958 2012 12 31 1,749,824,0002011 2,036,094,000 643,649,0002011 1,467,158,000 7% 15% 20118% 12% 50% 201182% 12 168

2012 12 31 24. 2012 12 31 2013 3 0.4% 2.9%2011 0.5% 3.1% 0.4% 4.7% 2011 0.5% 4.5% 2012 12 31 7,748,349,0002011 5,853,788,000 2012 12 31 97,370 52,250 2011 12 31 13,328 16,675 25. 2012 2011 0 30 6,107,937 5,606,464 31 90 1,933,377 378,790 91 180 1,304,746 727,779 181 365 870,156 611,788 365 598,458 586,084 10,814,674 7,910,905 5,143,961 4,427,201 900,000 15,958,635 13,238,106 169

2012 12 31 26. 2012 2011 37 14,725,150 22,871,749 1,311,938 4,354,311 16,037,088 27,226,060 37 3,990,915 3,523,543 1,104,100 934,090 5,095,015 4,457,633 21,132,103 31,683,693 2012 2011 * 1 14,944,997 15,796,880 12 3,274,835 13,310,259 23 1,043,516 956,151 34 589,840 314,214 45 363,890 315,964 5 845,734 909,770 21,062,812 31,603,238 1 12 12,766 11,164 23 13,300 12,766 34 13,300 13,300 45 13,300 13,300 5 16,625 29,925 69,291 80,455 21,132,103 31,683,693 1 (15,014,288) (15,877,335) 6,117,815 15,806,358 * 170

2012 12 31 26. 2012 2011 5,719,056 4,551,565 15,413,047 27,132,128 21,132,103 31,683,693 2012 2011 13,124,539 22,767,762 1,469,549 2,311,674 818,959 2,052,692 15,413,047 27,132,128 2012 2011 7.19% 6.67% 12.39% 11.62% 2012 12 31 818,959 1,469,550 2011 12 31 2,052,692 2,311,674 2012 2011 446,800 432,000 643,964 243,837 142,000 100,000 1,000,000 171

2012 12 31 27. (I) 2009 4 14 1 1,700,000,000 100%85% 1,683,000,000 2009 4 17 180,000,000 60% 9% 180,000,000 40%6% 120,000,000 2009 4 201,983,000,000 (a) 2009 4 142009 4 17 45% 25% 45,900,000 250,000,000 45% 2009 4 15 25% 2009 4 17 (b) 2009 4 20 437,100,000 1,250,000,000 14% 33 40% 80% (i) (ii) (iii) 172

2012 12 31 27. (I) (b) (iv) 250,000,000 (v) (c) (i) (a) 33 (b)(c) 40% (ii) 1 1 1 (iii) (a) (b) 11.5%45% (d) (i) (ii)10,000,000 173

2012 12 31 27. (I) (A) 180,000,000180,000,000 45% (i)(ii) (iii) (B) 10,000,000 (C) 25% 45% 85% 174

2012 12 31 27. (I) (D) 25% 45% (i) 22% 45%25% 45,900,000 250,000,00033 1,250,000,000 437,100,000 (ii) 1 2009 4 20 2009 12 31 2010 12 31 2011 12 31 1.582% 1.908% 2.962% 2.877% 2.75 2.05 1.05 0.05 35% 48% 37% 48% 26% 58% 19% 46% 175

2012 12 31 27. (I) * 1 2011 1 1 781,338 239,620 8,180 3,680 1,032,818 255,097 255,097 (88,715) (88,715) (157,800) (8,180) (2,980) (168,960) 2011 12 31 947,720 81,820 700 1,030,240 31,141 31,141 (795,900) (795,900) (182,961) (182,961) (81,820) (700) (82,520) 2012 12 31 * 437,100,000 2010 812.5% 2010 9101,622,000 69,030,000 2011 2012 1 12.5%45% 32 176

2012 12 31 27. (II) 2011 3 25 (i) 723,750,000823,750,000 9.5%(ii) 23,750,0009.5% 9.5% (iii)(iv)(v) 90.5% (vi) 2011 4 15 2011 4 151.00 18 23,750,00023,750,000 (a) (b) 800,000,0009.8% 9.8% 2012 7 1 33 2012 10 177

2012 12 31 27. (II) 2011 4 15 823,750 55,533 2011 12 31 879,283 41,026 (81,532) (23,750) (815,027) 2012 12 31 (III) 2011 3 25 2011 3 25 2011 4 26 (i) 90%(ii)4,000,000,000 (a)342,000,000 38,000,00010% (b)3,620,000,000 (iii)12 18 4,000,000,000 10%(iv) 18 (v) 2011 3 25 2011 3 314,000,000,000 2,500,000,000 1,500,000,0001.00 2011 3 31 18 7% 7.8% 178

2012 12 31 27. (III) (i)(ii) (i) (ii) 1,500,000,000 2,500,000,000 13.3% 2012 9 1238,000,00010%2012 9 25 60% 40%332012 9 27 2011 3 31 2,500,000 224,669 (140,008) 2011 12 31 2,584,661 268,857 (194,268) (2,659,250) 2012 12 31 179

2012 12 31 27. (IV) 2011 1 1 4,088,127 251,480 4,339,607 3,323,750 3,323,750 630,801 630,801 (3,150,000) (3,150,000) (481,014) (481,014) (168,960) (168,960) 2011 12 31 4,411,664 82,520 4,494,184 341,024 341,024 (819,650) (819,650) (458,761) (458,761) (3,474,277) (3,474,277) (82,520) (82,520) 2012 12 31 28. 2007 5 18 2,310,000,00020122007 2007 2007 2007 2007 2011 180

2012 12 31 28. 2007 (a) 4.69% (b) 2007 2011 1 1 178,110 27,275 205,385 8,356 8,356 2011 12 31 186,466 27,275 213,741 3,259 3,259 (189,725) (27,275) (217,000) 2012 12 31 2010 4 162007 2,128,700,0002009 12 31 2007 92.15%2007 2010 5 18 2,199,926,00020072010 12 31 2007148,158,000 1,700,000200721.99 78,540 2010 4 16 2012 5 18179,600,0002007 189,725,000 181

2012 12 31 29. 2006 11 10400,000,000 National Association of Securities Dealer Inc. PORTAL9% 2013 11 8 (i) (ii) (iii) (iv) (v) (i) (ii) (iii) 182

2012 12 31 29. 2010 11 8 11 8 12 2010 104.50% 2011 102.25% 2012 100.00% 2010 11 8100% (1) 1.00% (2)(A)(i) 2010 11 8 (ii)2010 11 8 100 (B) 2009 11 8109% 35% (i) 9% (ii) 2011 2012 12 31 2009 4 21 2013 400,000,000 9.00% 2006 11 10 2009 5 195 183

2012 12 31 29. 2009 5 45 1,000 850 (i)775 (ii)59 (iii)16 (i) 361,334,000 90.3% (ii) 370,003,000 92.5% 38,666,000 2009 5 5 2009 5 22 (a) (i) (ii)(iii) (iv) (v)(vi) (vii) (viii) (ix) (x) (xi) (b) (c) 311,026,000 2,122,427,0002009 5 22 184

2012 12 31 29. 2011 1 1 253,854 (12,136) 22,485 (22,485) 2011 12 31 241,718 (391) 21,899 (21,899) 2012 12 31 241,327 30. 2012 12 31 0.10 20112012 12 31 10,000,000,000 1,000,000 0.10 2011 1 1 1,637,653,647 163,765 2,369,250 237 2011 12 31 1,640,022,897 164,002 13,189,000 1,319 a 327,849,579 32,785 b 162,113,714 16,211 2012 12 31 2,143,175,190 214,317 185

2012 12 31 30. 2012 12 31 207,422 2011 12 31 166,441 (a) (b) 2012 6 152012 6 85.20 Target Smart Investments LimitedTarget Smart 327,849,579 0.101,704,818,000 1,386,221,000 2012 8 22012 6 85.20 Target Smart 162,113,714 0.10 842,991,000689,095,000 186

2012 12 31 31. Active Way Development LimitedActive Way 2012 8 22012 6 8 Enzio Investments Limited 2,550,000,000 Active Way 7.4 344,594,594 (i) 9%(ii) 9% 2%8.4% 2% Active WayActive Way Active Way Active Way 32 187

2012 12 31 32. 2011 (a) 2011 1 4 100% 20,000 20,000 (a) 40 2012 (i) 2012 1 11 85% (ii) 2012 9 27 51% 13,000 (iii) 2012 9 14 32% 1,500 14,500 (i) (ii) (iii) 27(I) 2012 7 1 33 41%10% 35%15% 75% 90% 188

2012 12 31 32. 2012 2011 5,116 1,764,835 270,678 56,538 20,027 282,399 23,504 18,239 74,811 2 (131,239) (29) (400,476) (925,829) (33,159) (25) (613,650) 391,742 20,000 (102,857) 288,885 20,000 (221,006) i (3,399) ii (49,980) 14,500 20,000 14,500 20,000 14,500 20,000 (14,500) (20,000) 74,811 2 60,311 (19,998) i. 41%3,399,000 ii. 85% 49,980,000 189

2012 12 31 32. 338,937,000338,937,000 102,857,000 92,248,000 16,858,000 5,354,0001,000 2012 1 1 2012 12 31 33. 2011 8 29 57% 2011 9 5 25,500,000 60% 2012 1 13 51% 51,000,00049% 2012 2 2781% 7,096,000 9% 2012 5 21100% 130,330,000 190

2012 12 31 33. 2012 6 18SOHO 70%1,289,736,000 2012 7 1 172,311,290,000 2012 8 27 1,000,000 2012 9 1560%1,200,000 2012 9 2560%228,000,000 40%27(III) 2012 10 10 24% 60%30,000,00040% 2012 11 1360% 12,000,000 40% 191

2012 12 31 33. 2012 2011 20,111 7,402 9,984,796 17,493,065 555,306 907,680 16,154 100,000 5,000 1,927 1,186,899 126,706 691,845 80,268 116 107,377 445,913 15,685 94,705 (43,334) (2,490,403) (33,130) (3,162,907) (15,294,162) (415,242) (298,489) (3,806) (5) (4,671,980) (200,000) (1,407,985) (34,977) 3,762,674 21,861 549,697 3,639 4,312,371 25,500 2,898,912 7,123 25,500 1,381,798 24,538 4,312,371 25,500 2,898,912 (445,913) (15,685) 2,452,999 (15,685) 2012 6 22 192

2012 12 31 34. 2012 2011 78,905 70,514 2012 2011 1 42,914 50,571 25 2 26,434 56,640 5 431 796 69,779 108,007 1 6 2012 2011 122,604 99,710 2012 2011 1 26,612 32,016 25 2 15,076 18,090 5 12,274 17,596 53,962 67,702 3 15 193

2012 12 31 35. 2012 2011 15,079,597 19,184,459 196,766 142,190 15,276,363 19,326,649 2012 2011 2,283,607 1,757,029 36. 2006 6 22 2016 6 21 10% 1% 0.1% 5,000,000 (i) (ii) (iii) 194

2012 12 31 36. 2009 2009A 22/1/2009 22/1/2009-21/1/2011 22/1/2009-21/1/2019 2.89 1.19 2009B 13/5/2009 13/5/2009-12/5/2012 13/5/2009-12/5/2019 7.16 3.41 2009C 22/6/2009 22/6/2009-21/6/2011 22/6/2009-21/6/2019 11.00 4.71 2009D 17/7/2009 17/7/2009-16/7/2011 17/7/2009-16/7/2019 11.59 4.17 2009 1 225 136 227 17 2.75 7.16 11.00 11.52 2009A (i) 50%2009 1 22 (ii) 75%2009 1 22 12 (iii) 2009 1 22 24 2019 1 21 2009B (i) (ii) (iii) 33%2009 5 13 67%2009 5 13 24 2009 5 13 36 2019 5 12 2009C (i) 50%2009 6 22 (ii) 75%2009 6 22 12 (iii) 2009 6 22 24 2019 6 21 2009D (i) 50%2009 7 17 (ii) 75%2009 7 17 12 (iii) 2009 7 17 24 2019 7 16 195

2012 12 31 36. 2012 1 1 2012 12 31 2009A 27,199,000 (8,295,500) 18,903,500 2009B 10,000,000 (4,783,500) 5,216,500 2009C 37,382,000 (110,000) (835,000) 36,437,000 2009D 15,000,000 15,000,000 89,581,000 (13,189,000) (835,000) 75,557,000 75,557,000 8.21 4.51 11.00 8.82 2011 1 1 2011 12 31 2009A 29,568,250 (2,369,250) 27,199,000 2009B 10,000,000 10,000,000 2009C 38,930,000 (1,548,000) 37,382,000 2009D 15,000,000 15,000,000 93,498,250 (2,369,250) (1,548,000) 89,581,000 86,281,000 8.12 2.89 11.00 8.21 10.84 20117.88 1.00(i) 2009A 1.00(ii) 2009C 3.502012 12 31 89,448,0002011 92,570,000 2009A 2009B 2009C 2009D 39,173,000 30,023,000 168,173,000 55,132,000 2009A 2009B 2009C 2009D 2.75 7.16 11.00 11.52 2.89 7.16 11.00 11.59 10 10 10 5.1 58% 59% 59% 57% 2.81% 2.81% 4.16% 4.16% 1.450% 2.372% 2.951% 1.79% 196

2012 12 31 36. 2009A 2009B 2009C 2009D 2012 12 311,203,0002011 11,907,000 37. 27 29 2012 2011 32,807 35,033 1,964,841 1,623,052 262,565 229,419 139,037 261,497 448,657 17,540,720 29,212,935 900,363 237,290 1,700,000 1,700,000 1,734,337 2,268,642 177,232 108,479 44,552 24,848,333 35,773,125 38. 197

2012 12 31 39. (i) 2012 12 3117,144,296,000 2011 18,886,018,000 27 2012 2011 3,821,076 2,173,280 4,230,736 1,904,362 200,000 200,000 8,251,812 4,277,642 2012 2011 3,773,850 2,984,971 2012 2011 1,333,389 1,394,135 198

2012 12 31 39. (ii) 2011 12 29 SOHO (i)100% (ii) 100% 2012 1 9 10% 40% 50% 100% 2012115,330,000 2012 5 30 2012 6 4 2012 11 29 199

2012 12 31 39. (iii) 2010 7 2627 60% 25,500,0002010 7 29 2011 9 5 60% 2012 6 112011 9 5 60% 2012 11 5 (i) (ii) 11,000,000 (iii) (i)(ii) 200

2012 12 31 40. (i) 2012 2011 1,737 16,162 81,050 49,691 1,308 7,386 1,479 1,367 208 25,669 1,398 377 223 3,125 8,623 7,556 500 9,839 5,849 3,132 97,931 69,605 1,200,668 373,852 116,119 136,568 12,375 7,122 227,524 140,458 4,544 53,193 599,803 727,482 70,000 70,000 357 2,806 128 54,148 52,121 7,414 4,016 662 261 66 56 641 349 107,273 5,833 70 305 1,280 1,210 1,224 868 529 433 14,902 20,747 4,830 45,812 198 201

2012 12 31 40. (i) (ii) 2012 14,439 14,439 4,485 4,485 2,651,153 3,752,412 453,186 34,694 3,104,339 3,787,106 8,574,686 4,561,830 8,574,686 4,561,830 1,322,714 177,299 1,668 1,322,714 178,967 60,519 10,000 70,519 12,548,553 8,566,499 453,186 50,847 13,001,739 8,617,346 13,160 13,160 16,538 18,850 35,388 322,276 1,023,312 1,894 322,276 1,025,206 1,677,069 2,655,171 311 1,677,069 2,655,482 1,141,447 243,691 1,141,447 243,691 11,395 11,395 3,140,792 3,963,267 21,055 3,140,792 3,984,322 202

2012 12 31 40. (ii) 2011 14,439 14,439 46,232 46,232 2,782,025 3,363,817 473,751 88,185 3,255,776 3,452,002 5,876,353 745,702 17 5,876,353 745,719 1,372,703 254,251 3,984 1,372,703 258,235 92,555 17,606 110,161 10,031,081 4,470,764 473,751 156,024 10,504,832 4,626,788 13,160 13,160 8,970 43,806 52,776 5,890,121 1,464,554 229,728 5,890,121 1,694,282 27 4,411,664 4,411,664 2,855,152 2,282,973 1,719 2,855,152 2,284,692 1,227,525 642,055 1,227,525 642,055 21,074 750 21,824 9,972,798 4,432,786 276,003 9,972,798 4,708,789 (a) (b) 203

2012 12 31 40. (ii) (c) (d) (e) 85% 95% 5% 2 5 (f) (g) (a) 2012 12 312,651,153,0002011 2,782,025,000 7.31% 7.82% 20117.31% 7.82% (b) 2012 12 31 8,574,686,0002011 5,876,353,000 5.40% 12.00% 20115.40% 7.34% (c) 2012 12 31 1,322,714,0002011 1,229,354,000 6.67% 20117.34% 2011 12 31 143,349,000 8.39% (d) 2012 12 31322,276,0002011 5,890,121,000 7.34% 8.00% 20117.34% 22.00% 204

2012 12 31 40. (ii) (e) 2012 12 31 1,141,447,0002011 279,269,000 0.50% 10.00% 20117.34% 2011 12 31 948,256,0006.33% (f) 2012 12 31 453,186,0002011 473,751,000 0.5% 6.56% 20110.5% 6.56% (g) 2012 12 31 417,524,0002011 1,325,952,000 0.5% 7.02% 20115.67% 7.02% 2012 12 31 1,259,545,0002011 1,529,200,000 6.67% 8.21% 20117.85% 8.50% (iii) (a) 32 2012 2011 105,754 2011 4 2518% 105,754,000 (b) 33 2012 2011 5,120 2011 5 125% 1,920,000 2011 6 2 1.6% 3,200,000 205

2012 12 31 40. (iii) (c) 2012 11 15 400 324 1.00 400 332,300,000 269,462,000 40% 60% (iv) 2012 2011 23,366 21,365 245 260 1,203 8,947 24,814 30,572 206

2012 12 31 41. 2012 2011 771 1,062 10,345,082 8,545,378 121,186 124,423 48,276 9,922 10,515,315 8,680,785 110,087 489,411 5,179,904 4,614,559 164,026 6,630 8,108 186,466 241,327 241,718 5,537,948 5,704,288 4,977,367 2,976,497 207,422 166,441 4,769,945 2,810,056 4,977,367 2,976,497 2011 1 1 3,770,965 (225,294) (753,062) 11,907 5,540 2011 12 31 2,810,056 (123,911) 2,035,406 1,203 47,191 2012 12 31 4,769,945 207

2012 12 31 42. 2012 6 112011 9 5 60% 2012 2012 6,668 750,452 174,362 61,621 (40,856) (380,740) (7) (529,000) 42,500 (17,000) 25,500 25,500 25,500 61,621 61,621 43. 2012 12 31 (i) 2013 1 28 2018400,000,000 8.50% 2013 2013 2013 394,000,000 (ii) 2013 3 16China Gold Associates Limited 9,019,000,00050% 208

2012 12 31 44. 20112012 12 31 2012 2011 2012 2011 1995 1 6 895,000,000 100% 100% 2002 6 19 196,080,000 50% ii 100% 1999 12 16 100,000,000 100% 100% 2001 1 15 50,000,000 80% 80% 2000 10 26 50,000,000 100% 100% 2003 9 26 50,600,000 49% i 49% i 2002 9 26 50,000,000 iii 51% i 1999 11 12 30,000,000 64% 64% 2003 8 21 50,000,000 60% 60% 209

2012 12 31 44. 2012 2011 2012 2011 2001 12 25 50,000,000 85% 85% 1995 4 25 50,000,000 100% 100% 2006 8 15 184,410,000 100% 100% 2005 6 15 30,000,000 80% 80% 2002 11 12 50,000,000 70% 70% 2006 12 12 77,600,000 80% 80% 2007 2 15 768,000,000 60% 60% 2007 5 21 386,000,000 60% 60% 2007 8 23 50,000,000 77% 77% 2007 8 21 517,764,600 80% 80% 2007 6 5 250,000,000 100% 100% 210

2012 12 31 44. 2012 2011 2012 2011 2003 7 11 177,000,000 60% 60% 2001 10 15 40,000,000 55% 55% 2005 1 24 200,000,000 51% 51% 2007 11 23 1,000,000,000 100% 100% 2004 2 3 50,000,000 70% 70% 2008 1 30 100,000,000 51% 51% 2008 1 16 211,079,000 50% 50% ii ii 2008 8 19 50,000,000 50% 50% ii ii 1992 10 22 50,000,000 51% 51% 2008 4 2 120,000,000 50% 50% ii ii 211

2012 12 31 44. 2012 2011 2012 2011 2008 7 7 1,200,000,000 100% 100% 2007 4 24 30,000,000 100% 100% 2008 10 31 300,000,000 60% 60% 2009 12 1 50,000,000 100% 100% 2008 2 19 100,000,000 50% 50% ii ii 2009 11 3 50,000,000 iii 100% 2010 7 19 340,000,000 60% 60% 2007 5 21 386,000,000 60% 60% 2007 11 26 375,000,000 60% 60% 2009 12 7 360,000,000 iii 67% 2009 12 22 250,000,000 iii 100% 212

2012 12 31 44. 2012 2011 2012 2011 2009 12 23 200,000,000 100% 100% 2008 5 6 50,000,000 60% 60% 2009 11 5 50,000,000 90% 90% 2009 11 5 100,000,000 100% 100% 2005 2 5 160,000,000 97% 97% 2005 4 12 10,000,000 60% 60% 2005 10 31 10,000,000 97% 97% 2005 10 31 10,000,000 97% 97% 2002 8 8 80,000,000 100% 100% 2009 12 15 100,000,000 iii 100% 2007 11 15 60,000,000 51% 51% 213

2012 12 31 44. 2009 7 27 98,000,000 2012 2011 2012 2011 60% 60% 2009 11 11 50,000,000 100% 100% 2008 11 11 120,000,000 80% 80% 2007 4 30 380,000,000 iii 100% 2009 11 25 33,333,000 100% 100% 2009 7 2 50,000,000 65% 65% 2010 1 12 98,000,000 70% 70% 2010 1 29 1,000,000,000 iii 100% 2008 1 11 10,000,000 iii 80% 2010 3 15 100,000,000 90% 100% 2010 2 1 100,000,000 100% 100% 2009 11 6 100,000,000 51% 51% 214

2012 12 31 44. 2012 2011 2012 2011 2010 9 2 8,000,000 70% 70% 2010 9 8 200,000,000 35% 35% ii ii 2010 11 1 837,500,000 iii 55% 2009 10 27 65,000,000 51% 51% 2009 10 20 10,000,000 99% 99% 2008 2 20 50,000,000 100% 100% 2003 9 17 100,000,000 56% 56% 2011 2 18 130,000,000 51% (i) (ii) (iii) 33 215