2004 2005 4 15

3 4 5 8 10 12 13 18 20 22 51 1

SHENZHEN TIANMA MICROELECTRONICS CO., LTD ( TIANMA) 22 0755 83793863 83790775 83790431 sztmzq@sz.gd.cninfo.net 22 22 518031 http://www.tianma.com.cn 2

admin@tianma.com.cn http://www.cninfo.com.cn 22 A 000050 1983 11 8 4403011019757 440301192183445 2006 2004 97,201,336.43 93,392,474.42 92,030,513.13 218,527,241.49 1,841,907.37 96,221,932.40 617,403.02 0 362,001.01 38,807,863.27 109,754,138.15 3

1 869,690.52 2 507,689.51 3 743,985.00 4 255,975.28 5 0 1,361,961.29 2004 2003 2002 1,070,912,713.53 635,780,184.69 635,780,184.69 32,573,860.41 32,573,860.41 93,392,474.42 45,645,462.22 46,426,567.18-34,168,606.83-29,004,439.30 1,509,734,723.76 1,121,036,882.24 1,166,369,369.75 978,842,982.60 1,023,394,365.15 753,355,897.07 659,963,422.65 705,295,910.16 615,620,529.26 660,171,911.81 0.35 0.34 0.35-0.26-0.22 0.35 0.34 0.35-0.26-0.22 0.35 0.00162 0.34-0.28-0.24 0.35 0.00162 0.34-0.28-0.24 2.84 4.97 5.31 4.64 4.97 4

2.78 4.87 5.21 4.55 4.93 % 12.40% 6.92% 6.58% -5.55% -4.39% % 13.22% 7.15% 6.79% -5.31% -4.49% 12.22% 0.03% 6.40% -6.12% -4.92% % 13.02% 0.03% 6.60% -5.86% -5.03% % 0.146 0.003 0.003 0.359 0.359 9 2003 2004 2004 (%) ( / ) 29.01% 30.92% 0.82 0.82 12.77% 13.62% 0.36 0.36 12.40% 13.22% 0.35 0.35 12.22% 13.02% 0.35 0.35 2003 (%) ( / ) 20.60% 21.30% 1.02 1.02 8.09% 8.36% 0.40 0.40 6.92% 7.15% 0.34 0.34 0.03% 0.03% 0.00162 0.00162 132,770,000.00 496,561,776.43 42,109,949.67 14,778,370.65-11,478,303.45 659,963,422.65 132,770,000.00 12,287,125.65 4,095,708.55 93,392,474.42 238,449,600.07 132,770,000.00 12,287,125.65 145,057,125.65 5

265,540,000.00 363,791,776.43 54,397,075.32 18,874,079.20 69,627,045.32 753,355,897.07 1 132,770,000 2004 2003 2 12,287,125.65 2004 3 4,095,708.55 2004 4 81,105,348.77 2004 5 93,392,474.42 2004 + - 1 96,373,000 96,373,000 96,373,000 192,746,000 16,909,000 16,909,000 16,909,000 33,818,000 79,464,000 79,464,000 79,464,000 158,928,000 2 3 4 96,373,000 96,373,000 96,373,000 192,746,000 1 36,352,420 36,352,420 36,352,420 72,704,840 2 3 4 44,580 44,580 44,580 89,160 36,397,000 36,397,000 36,397,000 72,794,000 132,770,000 132,770,000 132,770,000 265,540,000 6

1. 2. 2004 5 27, 2003 13,277 10 10 132,770,000 265,540,000 2004 5 28 3. ( ) 1. 2004 12 31 30,280 2. ( 2004 12 31 ) 79,464,000 158,928,000 59.85% 16,909,000 33,818,000 12.74% 16,909,000 373,094 373,094 0.14% 262,000 262,000 0.10% -32,366 250,083 0.09% 109,900 230,000 0.09% 104,400 213,200 0.08% 189,150 189,150 0.07% 62,500 162,800 0.06% 156,038 156,038 0.06% A B H 373,094 A 262,000 A 250,083 A 7

230,000 A 213,200 A 189,150 A 162,800 A 156,038 A 151,600 A 150,000 A 3. 1. 1997 6 6.42 4 62.31% 1997 2.42 H 37.69% 1997 9 158,928,000 2 1982 4 8000 62.31% 59.85% 8

4. 10% 10% : 1987 4 200,000 : : ;, ; : ( [1987]122 ) 1 42 2004 5 12 2007 5 11 0 0 59 2004 5 12 2007 5 11 0 0 42 2004 5 12 2007 5 11 0 0 65 2004 5 12 2007 5 11 0 0 66 2004 5 12 2007 5 11 0 0 41 2004 5 12 2007 5 11 0 0 36 2004 5 12 2007 5 11 0 0 34 2004 5 12 2007 5 11 0 0 36 2004 5 12 2007 5 11 0 0 55 2004 5 12 2007 5 11 0 0 37 2004 5 12 2007 5 11 0 0 50 2004 5 12 2007 5 11 26,100 52,200 46 2004 5 12 2007 5 11 0 0 35 2004 5 12 2007 5 11 0 0 36 2004 5 12 2007 5 11 0 0 39 2004 5 12 2007 5 11 0 0 34 2004 5 12 2007 5 11 0 0 47 2004 5 12 2007 5 11 0 0 2003 5 2006 5 2003 5 2006 5 9

10 2000 1 2003 5 2006 5 2003 5 2006 5 2003 5 2006 5 2001 1 2 42 59 42 37 1992 34 1992 38 1992

66 67 41 54 37 51 46 11

36 1990 37 1991 38 Densitron LCD Chorum LCD 34 47 3. 18 382.8 100.8 225.8 12

6 ( ) 8 100.8 1 50-65 4, 10-20 3 4. 2004 5 12 2004 5 12 2004 5 12 2004 9 20 5. 2004 5 12 3849 31 51 232 139 3498 211 140 1. 13

7 7 7 7 7 7 2. 1 2 3 2004 4 6 2004 5 12 2004 6 16 2004 8 8 2004 9 20 1 14

2 3 4 5 7 1. 2004 4 8 2003 2003 5 12 22 2. 2003 7 15

98,706,048 13277 74.34% 2004 5 13 2004 5 12 2003 107,091 68.44% 9,720 78.71% 9,339 104.62% 6,000 94.27% 1. (1) LCD LCM 107,091, 85,112 21,853 20.52% 16

RMB RMB (% 218,269,065.17 169,158,525.51 22.50% 852,643,648.36 681,959,500.42 20.02% (RMB ) 496,483,789.49 46.36% 574,428,924.04 53.64% (2) STN 2 ( : ) (%) 55% 477.707 36.364 135.069 7.913 51% 798.343 100 319.528 13.480 100% 0 20 42.034-14.627 25% 8.421 150 91.819-23.810 17

3 34,545 41.51% 48,283 45.09% 4 1 2 3 4 1,936 258%.9 1. 2. 2001 1 A 1,650 352,938,420.94 1 STN-LCD 19,788 2 7,700 40,476 3,790 3 LCM 8,000 8,190 3,332 18

35,488 48,666 7,122 2004 12 31 486,660,061.93 ( 292,938,420.94 6,000 ) STN-LCD STN-LCD 19,350 3,790 LCM 3,332, 6,893, 3. 1 2004 5,600 100 / 200 / 2005 6 2004 5,600 2-3 - 50 2004 10 4 SEKWANG TECHNOLOGIES CO., LTD - [ TIANMA Microelectronics(KOREA) Co., Ltd.] 2004 9 1. 2004 12 31 2003 12 31 19

1,509,734,723.76 1,121,036,882.24 388,697,841.52 34.67% 103,697,079.68 3,379,575.40 100,317,504.28 2968.35% 753,355,897.07 659,963,422.65 93,392,474.42 14.15% 218,527,241.49 135,963,014.72 82,564,226.77 60.73% 93,392,474.42 45,645,462.22 47,747,012.20 104.60% 109,754,138.15-106,336,873.59 216,091,011.74 203.21% 1 1 2. 2004 45,332,487.51 1 (1) 2004 4 6 22 20

< > 2004 4 8 2 2004 4 22 22 2004 4 23 (3) 2004 5 12 22 2004 5 13 4 2004 8 8 22 21

2004 8 10 5 2004 10 20 22 2004 10 21 6 2004 9 20 22 2004 7 2004 12 20 22 2004 2. 1 (2003 ) 2003 2003 2003 13,277 10 10 2004 5 27 2004 5 28 2 (2003 ) 3 (2003 ) 4 (2003 ) 5 (2003 ) 6 ( ) ( ) 2004 12 31 22

97,201,336.43 93,392,474.42-11,478,303.45, 81,914,170.97, 10% 8,191,417.10, 5% 4,095,708.55 69,627,045.32 2004 : 2004 26,554 10 1.00 26,554,000.00 43,073,045.32 1 2004 4 6 22 2003 2004 4 8 2 2004 5 12 22 2004 5 13 3 2004 8 8 22 2004 8 10 23

1. 2. 3. STN-LCD STN-LCD 19,350 3,790 LCM 3,332, 6,893, 4. 2004 45,332,487.51 1. 2001 6,000 2. 24

1. 2001 2 1.5 6,000 2003 6 25 2002, 2002 2003 2., 3,381.8 2006 4 30 2003 5 14 3. 4. 5% 1.2005 3 24 2005 2004 2003 2004 2004 2004 2002 2003 2005 3 26 2. 2003 18 3. 2002 2003 2004 25

1. [2004]0230 1 2 3 5 2. CSTN-LCD 2004 7 24 3. 16,909,000 2004 11 26 [2005]205 2004 12 31 2004 2003 56 2004 26

1 2 2004 1 1 2004 12 31 12 31 ( ) 2004 12 31 2005 4 13 27

[2003]56 [2004]338 0 0 2004 [2005]047 1 28

2-3 4 5-6 7 8 9 10-40 29

[2005]047 : 2004 12 31 2004 2004 12 31 2004 2005 4 13 30

0755-83793863 22 0755-83790431 2004 12 31 2004.12.31 2003.12.31 :.1 189,887,790.12 80,133,651.97.2 330,782.53 420,901.96.3 22,772,341.04 35,831,915.00 - - - -.4 404,955,551.04 227,901,374.56.5 3,794,982.87 5,329,706.22.6 184,076.71 3,199,374.72 - -.7 243,917,278.03 139,358,998.67.8 261,401.25 258,414.72 - - - - 866,104,203.59 492,434,337.82 :.9 24,773,382.63 5,409,765.08 - - 24,773,382.63 5,409,765.08 :.10 773,454,762.08 746,423,748.10 :.10 188,765,726.55 150,028,862.63 584,689,035.53 596,394,885.47 :.10 198,373.96 454,349.24 584,490,661.57 595,940,536.23.11-11,132,301.35.12 32,781,420.32 14,092,386.04 617,272,081.89 621,165,223.62.13 476,988.71 86,192.64 1

.14 1,108,066.94 1,941,363.08 - - 1,585,055.65 2,027,555.72 : - - 1,509,734,723.76 1,121,036,882.24 ( 2004 12 31 2004.12.31 2003.12.31 :.15 381,974,500.00 322,427,200.00.17 6,815,489.29 -.16 239,595,830.18 120,790,489.02 - - -.18 1,417,502.19 638,232.82 - -.19 9,309,044.37 8,166,393.36.21 308,052.87 -.20 6,403,707.67 3,833,441.49.22 6,857,620.44 1,838,127.50 - - - - 652,681,747.01 457,693,884.19 :.23 100,000,000.00 - - - - -.24 3,697,079.68 3,379,575.40 - - 103,697,079.68 3,379,575.40 - - 756,378,826.69 461,073,459.59 - - 2

:.25 265,540,000.00 132,770,000.00 - - 265,540,000.00 132,770,000.00.26 363,791,776.43 496,561,776.43.27 54,397,075.32 42,109,949.67 : 18,874,079.20 14,778,370.65.28 69,627,045.32-11,478,303.45 26,554,000.00-753,355,897.07 659,963,422.65 1,509,734,723.76 1,121,036,882.24 : : : 2004 2004 2003.29 1,070,912,713.53 635,780,184.69 - - 1,070,912,713.53 635,780,184.69.30 851,118,025.93 499,062,323.66.31 1,267,446.11 754,846.31 218,527,241.49 135,963,014.72 :.32 1,841,907.37 2,275,563.91 : 16,881,011.26 12,418,773.96 3

86,140,722.58 54,098,751.76.33 21,125,482.62 18,360,468.96 96,221,932.40 53,360,583.95.34 617,403.02-327,261.12.35-757,100.00.36 869,690.52 1,035,324.69.37 507,689.51 428,616.81 97,201,336.43 54,397,130.71 3,808,862.01 8,751,668.49 - - 93,392,474.42 45,645,462.22-11,478,303.45-57,123,765.67 - - 81,914,170.97-11,478,303.45 8,191,417.10-4,095,708.55-69,627,045.32-11,478,303.45 - - - - - - - -. 69,627,045.32-11,478,303.45 - - - - - - - - - - - - - : : : 4

2004 971,153,685.38 19,775,824.46.38 5,986,715.38 996,916,225.22 783,848,344.77 77,204,435.42 36,248,023.85.39 60,807,557.91 958,108,361.95 38,807,863.27-270,969.90 900.00 271,869.90 55,265,485.55 18,927,507.00 180,112.56 74,373,105.11-74,101,235.21-678,988,900.00.40 400,000.00 679,388,900.00 519,398,788.07 14,898,978.93 43,622.91 534,341,389.91 145,047,510.09-109,754,138.15 5

( ) 2004 1. 93,392,474.42 10,031,903.11 48,672,106.42 11,588.93 1,461,579.11-2,986.53 5,019,492.94 ( ) - 551,140.79 14,208,978.93 ( ) -617,403.02 ( ) - ( ) -111,755,132.31 ( ) -166,896,065.23 ( ) 144,730,185.71-38,807,863.27 2. - - - 3. 189,887,790.12 80,133,651.97 - - 109,754,138.15 : : : 6

2003-12-31 2004-12-31 58,330,694.79 2,744,930.73-61,075,625.52 10,643,653.04 2,743,718.40-13,387,371.44 47,687,041.75 1,212.33-47,688,254.08 576,298.48 90,119.43-666,417.91 576,298.48 90,119.43-666,417.91 8,777,787.37 7,196,852.95-15,974,640.32 5,348,013.33 5,799,443.64-11,147,456.97 3,429,774.04 1,397,409.31-4,827,183.35 675,000.00 - - 675,000.00 675,000.00 - - 675,000.00 454,349.24-255,975.28 198,373.96 428,495.39-255,975.28 172,520.11 23,887.35 - - 23,887.35 1,966.50 - - 1,966.50 - - - - - - - - - - - - : : : 7

2004 2003 132,770,000.00 132,770,000.00 132,770,000.00-132,770,000.00 - - - 265,540,000.00 132,770,000.00 496,561,776.43 495,489,841.72-1,071,934.71 - - - - - - - 1,071,934.71 132,770,000.00-363,791,776.43 496,561,776.43 27,331,579.02 27,331,579.02 8,191,417.10-8,191,417.10 - - - 35,522,996.12 27,331,579.02 35,522,996.12 27,331,579.02 14,778,370.65 17,152,874.19 4,095,708.55-4,095,708.55-8

- 2,374,503.54 18,874,079.20 14,778,370.65-11,478,303.45-57,123,765.67 93,392,474.42 45,645,462.22 12,287,125.65-69,627,045.32-11,478,303.45 2004 1-2 244,437,157.02-13,901,905.64-3 246,366,097.60 4,850,190.44 - - 11,972,965.06 4-1 1,417,182.64 2 11,972,965.06 3 4,850,190.44 4 8,539,957.26 9

2004 1983 10 24 (1983)411 06549 ( ) (1992) 1460 00736 6945 1994 4 13 1995 1 10 (1995)2 7550 1290 5160 1100 1997 8 5 1997 100 2000 12 22 2000 230, A 1650 13,277 2004 5 28 2003 13,277 10

10 10 13,277 26,554 1. 2. 1 1 12 31 3. 4., 5. ) 6. 7.,, 11

8. ; 1 ( 1, ) 1.5% 1-2 10% 2-3 15% 3 50% 9.,,,, 10. 12

13 a. b. 10 c.,,, 20%, 20%,,, ;,,, ;,,,,,, a.

b.,,, c.,,,,,,,,,, 11. (1) : 2,000.00 2 : 3 ( ) ( ) ( ) ( ) ( ) 14

(4) a b c d e 5 : ( 5%) 0 ( ) (%) 35 2.72% 10 9.50% 5 19.00% 6 15.83% 15

5 19.00% 5 20% 12. 3 13. (1) a. b. c. (2) a. b. (3) 3 16

(4) 14., ;, 10 (1) (2) (3) (4) (1) (2) (3) 15. a. b. 5 16. (1) (2) 17

17. ( ) 18. 19. 2005 2 1 ( ) 1 ( 1, 1.5% 1-2 10% 2-3 15% 3 50% 18

1 1 5% 1-2 10% 2-3 15% 3 30%,2004 469,494.12 20. [1995]11 (1996)2 17% 5% 1% 3% 15% [2004]0230 1 2 3 5 RMB 60,361,647.00 2.49% 1,500,000.00 RMB 398,000,000.00 0.17% 675,000.00 RMB 5,706,818,030.00 0.07% 3,909,765.08 USD 363,640.00 55% 1,655,340.00 19

USD 1,500,000.00 25% 8,276,700.00 USD 1,000,000.00 51% 4,221,117.00 USD 200,000.00 100% 4,138,350.00 [1996]2 10%, LCD ; 1. 2004-12-31 2003-12-31 RMB 93,295.53 93,295.53 150,885.13 150,885.13 HKD 8,0662.67 85,800.88 23,877.02 25,445.74 USD 24,720.61 204,600.13 2,767.56 22,906.26 JPY 218,730.51 17,432.82 38,053.54 2,933.93 401,129.36 202,171.06 RMB 135,672,538.13 135,672,538.13 52,978,482.88 52,978,482.88 HKD 4,347,999.97 4,624,967.57 3,758,801.51 4,005,754.77 USD 5,911,678.70 48,927,999.35 2,743,002.97 22,703,012.67 20

JPY 2,544,493.00 202,796.09 1,485,293.00 114,516.09 189,428,301.14 79,801,766.41 RMB 58,357.14 58,357.14 129,714.50 129,714.50 USD 0.30 2.48 58,359.62 129,714.50 189,887,790.12 80,133,651.97 136.96% 2. 2004-12-31 2003-12-31 997,200.44 666,417.91 330,782.53 997,200.44 576,298.48 420,901.96 3. 2004 12 31 22,772,341.04 4. 2004-12-31 (%) 396,687,477.54 94.82 5,950,312.16 390,737,165.38 4,724,570.84 1.13 472,457.08 4,252,113.76 4,288,099.59 1.03 643,214.94 3,644,884.65 12,642,774.51 3.02 6,321,387.26 6,321,387.25 418,342,922.48 100 13,387,371.44 404,955,551.04 21

2003-12-31 (%) 219,706,102.65 92.10 6,426,988.73 213,279,113.92 5,010,165.44 2.10 501,016.54 4,509,148.90 2,886,533.91 1.21 432,980.09 2,453,553.82 10,942,225.60 4.59 3,282,667.68 7,659,557.92 238,545,027.60 100.00 10,643,653.04 227,901,374.56 A. 12,642,774.51 B. 5% C. % 130,135,827.91 1 31.00 41,471,857.55 1 10.00 38,192,422.00 1 9.00 22,172,382.70 1 5.00 18,696,982.50 1 4.00 250,669,472.66 59.92% 5. 2004-12-31 % 2,441,240.75 4.74 26,268.61 2,414,972.14 1,321,278.20 2.57 132,127.82 1,189,150.38 3,000.00 0.01 450.00 2,550.00 47,717,718.00 92.68 47,529,407.65 188,310.35 22

51,483,236.95 100 47,688,254.08 3,794,982.87 2003-12-31 % 3,769,530.56 7.11 188,476.53 3,581,054.03 3,000.00 0.01 300.00 2,700.00 46,750,000.00 88.18 46,750,000.00 -- 2,494,217.41 4.70 748,265.22 1,745,952.19 53,016,747.97 100.00 47,687,041.75 5,329,706.22 (1) : 46,750,000.00 3 2,786,094.33 1 -- 591,097.30 3 (2) 5% (3) 2004-12-31 88,335,962.46 2,786,094.33 250,535.20 91,372,591.99 4 2004 12 31 23

6. 2004-12-31 2003-12-31 (%) (%) 184,076.71 100 3,199,374.72 100 1 1 2 5%( 5%) 3, : MELCHERS 167,427.52 1 16.652.40 1-2 94.25% 7. 2004-12-31 129,796,852.16 4,827,183.35 124,969,668.81 50,689,871.40 -- 50,689,871.40 79,275,784.44 11,018,046.62 68,257,737.82 129,410.35 129,410.35 -- 259,891,918.35 15,974,640.32 243,917,278.03 2003-12-31 81,177,395.39 3,429,774.04 77,747,621.35 29,108,404.56 -- 29,108,404.56 37,721,575.74 5,218,602.98 32,502,972.76 129,410.35 129,410.35 -- 148,136,786.04 8,777,787.37 139,358,998.67 24

8. 2003-12-31 2004-12-31 902,710.95 -- 902,710.95 902,710.95 -- 97,075.00 -- 97,075.00 97,075.00 -- 353,652.75 258,414.72 349,965.00 346,978.47 261,401.25 258,414.72 1,349,750.95 1,346,764.42 261,401.25 9. 2003-12-31 2004-12-31 6,084,765.08 19,363,617.55 -- 25,448,382.63 675,000.00 -- -- 675,000.00 5,409,765.08 19,363,617.55 -- 24,773,382.63 2003-12-31 ( ) 2004-12-31 2.49% 1,500,000.00 1,500,000.00 -- -- -- 1,500,000.00 0.17% 675,000.00 675,000.00 -- -- -- 675,000.00 0.07% 3,909,765.08 3,909,765.08 -- -- -- 3,909,765.08 55% 1,655,340.00 -- 360,201.05 360,201.05 1,655,340.00 2,015,541.05 25% 8,276,700.00 -- -492,655.00-492,655.00 8,276,700.00 7,784,045.00 51% 4,221,117.00 -- 569,006.50 569,006.50 4,221,117.00 4,790,123.50 100% 4,138,350.00 -- -- -- 4,138,350.00 4,138,350.00 -- -- -- 635,558.00 635,558.00 6,084,765..08 436,552.55 436,552.55 18,927,065.00 25,448,382.63 2003-12-31 2004-12-31 25

675,000.00 -- -- 675,000.00 10. 2003-12-31 2004-12-31 296,316,368.36 1,364,641.21 -- 297,681,009.57 396,452,633.24 37,053,991.94 9,298,663.51 424,207,961.67 9,523,257.75 1,681,349.00 -- 11,204,606.75 27,783,767.57 2,611,930.45 1,448,718.06 28,946,979.96 11,408,574.42 572,096.02 6,353,231.02 5,627,439.42 4,939,146.76 847,617.95 -- 5,786,764.71 746,423,748.10 44,131,626.57 17,100,612.59 773,454,762.08 25,737,390.71 7,921,304.48-33,658,695.19 91,795,307.30 35,277,524.78 2,688,406.20 124,384,425.88 4,820,191.55 1,152,078.21-5,972,269.76 20,306,502.84 2,158,372.40 1,371,768.78 21,093,106.46 6,721,260.33 178,482.90 5,875,067.52 1,924,675.71 648,209.90 1,084,343.65-1,732,553.55 150,028,862.63 48,672,106.42 9,935,242.50 188,765,726.55 596,394,885.47 584,689,035.53 454,349.24 -- 255,975.28 198,373.96 595,940,536.23 255,975.28 584,490,661.57 (1) 26

(2) 20,718,129.18 (3) 192,733,980.82 185,119,525.18 11. 2004-12-31 2003-12-31 -- -- -- 11,132,301.35 -- 11,132,301.35 12. LCD 2004-12-31 2003-12-31 14,092,386.04 348,235,071.96 39,407,163.46 91,420,500.17 20,718,129.18 425,563,186.09 -- -- 32,781,420.32 14,092,386.04 A. B. 13. 2003-12-31 2004-12-31 478,385.00 86,192.64 402,385.00 11,588.93 476,988.71 8 27

14. : 370,200.00 7,346,604.69 7,716,804.69 123,400.00 1,817,963.08 1,941,363.08 815,295.95 815,295.95 1,648,592.09 1,648,592.09 123,400.00 984,666.94 1,108,066.94 2 4.5 15. 2004-12-31 2003-12-31 RMB 120,000,000.00 120,000,000.00 RMB190,000,000.00 -- 190,000,000.00 USD 17,000,000.00 8.2765 140,700,500.00 USD 16,000,000.00 8.2767 132,427,200.00 RMB 100,000,000.00 100,000,000.00 -- -- -- HKD 20,000,000.00 1.0637 21,274,000.00 381,974,500.00 322,427,200.00 16. 2004-12-31 2003-12-31 224,352,344.67 93.64% 99,653,976.43 82.50% 28

5,277,150.01 2.20% 20,923,308.32 17.32% 9,949,305.60 4.15% 104,789.40 0.09% 17,029.90 0.01% 108,414.87 0.09% 239,595,830.18 100.00% 120,790,489.02 100% 5%( 5%) 98.36% : PROTECH COMPONENTS LTD 29,184,127.92 2004 TM KOREA CO.,LTD 17,297,249.20 2004 DIGUANG ELECTRONICS (H.K.) CO. 9,313,551.96 2004 17. 2004-12-31 2003-12-31 6,815,489.29 -- 18. 2003-12-31 2004-12-31 638,232.82 7,893,889.00 7,114,619.63 1,417,502.19 19. 2004-12-31 2003-12-31 8,539,957.26 4,361,212.02 14,596.64 - -12.04-29

207,317.22 224,745.90 102,684.27-402,422.77 3,580,435.44 42,078.25-9,309,044.37 8,166,393.36 20. 2004-12-31 2003-12-31 6,061,178.30 94.65% 3,554,411.94 92.72 65,769.81 1.03% 214,000.00 5.58 214,000.00 3.34% 2,000.00 0.06 62,759.56 0.98% 63,029.55 1.64 6,403,707.67 100.00% 3,833,441.49 100.00 5%( 5%) 67.00% : 1,557,423.57 2004 2,021,506.44 2004 -- 1,880,160.97 2004 -- 21. 2004-12-31 2003-12-31 308,052.87 -- 30

22. 2004-12-31 2003-12-31 * 3,857,620.44 1,838,127.50 ** 3,000,000.00 -- 6,857,620.44 1,838,127.50 * 98 (98)29 3% ** 2004 23. 2004-12-31 2003-12-31 RMB 65,000,000.00 65,000,000.00 -- -- RMB 35,000,000.00 35,000,000.00 -- -- 100,000,000.00 -- -- 24. 2003-12-31 2004-12-31 ODS 1,379,575.40 400,000.00 82,495.72 1,697,079.68 2,000,000.00 -- -- 2,000,000.00 3,379,575.40 400,000.00 82,495.72 3,697,079.68 ODS 2000 11 27 CNC/QX-RC01/04 31

2003 12 16 [2003]536 25. 1. 2003-12-31 2004-12-31 16,909,000.00 16,909,000.00 -- -- 16,909,000.00 33,818,000.00 79,464,000.00 79,464,000.00 -- -- 79,464,000.00 158,928,000.00 2. -- -- -- -- -- -- 96,373,000.00 96,373,000.00 -- -- 96,373,000.00 192,746,000.00 1. 33,440,000.00 33,440,000.00 -- -- 33,440,000.00 66,880,000.00 44,580.00 44,580.00 -- 44,580.00 89,160.00 2. 2,957,000.00 2,957,000.00 -- -- 2,957,000.00 5,914,000.00 36,397,000.00 36,397,000.00 -- -- 36,397,000.00 72,794,000.00 132,770,000.00 132,770,000.00 132,770,000.00 265,540,000.00 2004 5 28 2003 13,277 10 10 13,277 26,554 XYZH/ASZ04005 26. 2003-12-31 2004-12-31 495,435,075.72 -- 132,770,000.00 362,665,075.72 42,350.00 -- -- 42,350.00 1,084,350.71 -- -- 1,084,350.71 496,561,776.43 -- 132,770,000.00 363,791,776.43 32

27. 2003-12-31 2004-12-31 27,331,579.02 8,191,417.10 -- 35,522,996.12 14,778,370.65 4,095,708.55 -- 18,874,079.20 42,109,949.67 12,287,125.65 -- 54,397,075.32 28. 2004-11,478,303.45-11,478,303.45 93,392,474.42 1. 10% 8,191,417.10 2. 5% 4,095,708.55 69,627,045.32 29 2004 2003 1,070,912,713.53 635,780,184.69 (1) : 211,836,252.05 19.78% 95,468,792.90 8.91% 33

87,738,488.85 8.19% 45,310,607.69 4.23% ( ) 42,467,007.08 3.97% (2) 496,483,789.49 46.36% 574,428,924.04 53.64% 30. 2004 2003 851,118,025.93 499,062,323.66 31. 2004 2003 316,861.53 190,239.70 950,584.58 564,606.61 1,267,446.11 754,846.31 32. 2003 389,748.00 170,352.36 219,395.64 38,544.64 23,134.62 1,203.01 21,931.61 3,050.00 785,080.56 763,913.00 21,167.56 334,801.04 1,524,413.26 78,023.89 1,446,389.37 970,283.38 90,311.04 7,287.85 83,023.19 928,884.85 34

50,000.00 -- 50,000.00 -- 2,862,687.48 1,020,780.11 1,841,907.37 2,275,563.911, 33 2004 2003 18,915,532.27 15,555,376.34 530,585.94 1,075,957.90 ( ) 750,023.16 2,579,713.39 1,990,513.13 1,301,337.13 21,125,482.62 18,360,468.96 34. 2004-90,119.43 -- -90,119.43 -- 436,552.55 436,552.55 -- 270,969.90 270,969.90 ( ) -- -- -- -90,119.43 707,522.45 617,403.02 35. 2004 2003 -- 757,100.00 36. 2004 2003 35

-- 558,019.70 381,418.00 335,773.89 142,918.60 -- 345,353.92 141,531.10 869,690.52 1,035,324.69 37. 2004 2003 551,140.79 62,832.23 3,100.00 216,818.07 -- 148,966.51 -- -- -46,611.28 -- 507,689.51 428,616.81 38. 2004 530,585.94 5,456,129.44 5,986,715.38 39. 2004 52,841,357.48 7,966,200.43 60,807,557.91 36

40. 2004 400,000.00 (1) (2) 642,000,000.00 -- -- 642,000,000.00 80,000,000.00 -- -- 80,000,000.00 (3) % % % % 158,928,000.00 59.85 -- -- -- -- 158,928,000.00 59.85 (4) 37

(1). 2004 12 31 HKD2,542,407.36 2,698,256.93 (2). 2004 12 31 192,733,980.82 185,119,525.18 35,000,000 2004 12 31 2005 4 13 2004 10 1 26,554,000.00 1 2003 2004 38

2004 2003 1.33 1.17 0.95 0.77 0.50 0.39 3.26 3.76 4.17 3.47 2.84 5.31 2 9 2003 2004 (%) ( / ) 2004 29.01% 30.92% 0.82 0.82 12.77% 13.62% 0.36 0.36 12.40% 13.22% 0.35 0.35 12.22% 13.02% 0.35 0.35 743,985.00 869,690.52 507,689.51 255,975.28 1,361,961.29 2003 (%) ( / ) 39

20.60% 21.30% 1.02 1.02 8.09% 8.36% 0.40 0.40 6.92% 7.15% 0.34 0.34 0.03% 0.03% 0.00162 0.00162 757,100.00 401,126.04 279,650.30 44,551,382.55 45,429,958.29 3 = = (ROE) ROE = P/(E0 NP 2 Ei X Mi M0 Ej X Mj M0) :P NP ;E0 Ei Ej M0 Mi 40

Mj EPS EPS = P / ( S0 S1 Si X Mi M0 Sj X Mj M0 ) :P S0 S1 Si Sj M0 Mi Mj 41