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1 ERP Enterprise Resource Planning 2 CRM Customer Relationship Management 3 HR Human Resources Management 4 OA Office Automation 5 CMM Capability Maturity Model For Software 6 SCM (Supply Chain Management ) 7 BPM Business Performance Management 8 ERP-NC NC New Century 9 ERP-U8 10 UAP Unified Application Platform 11 GRP GRP Government Resource Planning 12 CELL 13 EAM Enterprise Asset Management

...1...3...3...3...4...4...6...6...7...10...10...15...16...16...16...17...17...18 2003...18 1...18 2...18 2004...19 1...19 2...19 2004...19 1...19

2...19...21...21...21...28...32...32...32...34...36...37...40...40...40...42...42...42...42...43 5%...43...43...44...44...47...155

BEIJING UFSOFT CO., LTD. UFSOFT 15 010 62986688 010 62987991 ir@ufsoft.com.cn 15 15 100085 http://www.ufsoft.com ir@ufsoft.com.cn http://www.sse.com.cn 600588 1 1999 12 06 2 1

3 1100001511925 4 110108600001760 5 6 1 16 2

78,844,410 69,441,387 70,008,890 646,772,888 363,508 34,152,230-11,576,431 56,936,261-667,650 106,587,042-58,415,249 135,966-803,616 100,148-567,503 2004 2003 2002 725,871,735 601,572,932 488,215,150 69,441,387 74,911,911 91,605,983 3

1,337,378,193 1,282,611,512 1,218,117,870 1,147,165,912 1,113,940,713 1,093,923,602 / 0.48 0.62 0.92 / 7.97 9.28 10.94 / 7.74 9.25 10.90 / 0.74 0.87 0.84 6.05% 6.7% 8.4% 6.19% 7.1% 8.5% 2002 9 646,772,888 56.38 57.21 4.49 4.90 34,152,230 2.98 3.02 0.24 0.26 69,441,387 6.05 6.14 0.48 0.53 70,008,890 6.10 6.19 0.49 0.53 4 120,000,000 868,337,753 29,290,535 14,645,268 81,667,157 1,113,940,713 24,000,000 8,783,812 6,944,139 3,472,069 69,441,387 112,641,407 24,000,000 55,416,208 79,416,208 144,000,000 853,121,565 36,234,674 18,117,337 95,692,336 1,147,165,912 2003

69,441,387 10% 5% 10 2 10% 5% 2003 10 2 2003 45,000,000 5

1 1 90,000,000 18,000,000 18,000,000 108,000,000 2 3 4 90,000,000 18,000,000 18,000,000 108,000,000 1 30,000,000 6,000,000 6,000,000 36,000,000 2 3 4 30,000,000 6,000,000 6,000,000 36,000,000 120,000,000 24,000,000 24,000,000 144,000,000 2 1 2 4 26 2003 2003 120,000,000 10 2 24,000,000 144,000,000 12 6 6

12,000 14,400 3 1 20,273 2 +9,000,000 54,000,000 37.5 +4,500,000 27,000,000 18.75 +1,800,000 10,800,000 7.5 +1,800,000 10,800,000 7.5 +900,000 5,400,000 3.75-801,334 0.556-277,510 0.193 300-206,562 0.143-163,000 0.113-160,000 0.111 7

3 1 1999 4 15 85,000,000 2 1964 12 1988 CCTV 3 99% 66.536% 76.26% 37.5% 18.75% 7.5% 2003 6 17 8

4 10% 10% 1994 5 30 25,000,000 5 A B H 801,334 A 277,510 A 300 206,562 A 163,000 A 160,000 A 157,000 A 127,248 A 109,199 A 107,194 A 99,768 A 9

1 1 1 40 2003/01/15 2 2004/10/31 2007/12/31 4 0 0 41 2003/01/15 2 0 0 40 2003/01/15 2 2003/01/15 3 2003/01/15 3 0 0 40 2003/01/15 2 0 0 48 2003/01/15 2 2003/01/15 2004/10/31 4 0 0 43 2003/01/15 2 0 0 40 2003/01/15 2 0 0 46 2003/01/15 2 0 0 37 2003/01/15 2 0 0 44 2004/04/26 2 0 0 42 2003/01/15 2 300 5 300 34 2003/01/15 2 0 0 43 2003/01/15 3 300 5 300 41 2003/01/15 3 0 0 39 2004/04/26 3 300 5 300 38 2003/01/15 3 0 0 38 2003/01/15 3 0 0 37 2003/01/15 3 0 0 41 2003/01/15 2004/07/01 4 0 0 43 2003/01/15 3 0 0 39 2003/05/20 3 0 0 1 10

2 2003 1 15 2003 2003 1 15 2004 2003 1 15 2003 2003 1 15 4 26 2003 4 26 3 2003 1 15 2003 2003 1 15 2004 2003 5 20 2003 2003 5 20 4 26 4 26 4 10 31 11 1 2007 12 31 11 1 7 1 5 2 2003 6 16 2006 6 15 2003 6 16 2006 6 15 2003 6 16 2006 6 15 2003 6 16 2006 6 11

15 2003 6 16 2006 6 15 2003 6 16 2006 6 15 2003 6 16 2006 6 15 2 1 1988 WECOO NETWORK TECHNOLOGES CO.,LTD. UF INTERNATIONAL HOLDINGS LTD. UF GLOBAL RESOURCES LTD. 2 1989 3 1992 4 1991 NC 5 2002 Sequent Inc. Sybase Inc. Oracle Oracle 12

6 7 CEO 8 9 10 2001 5 11 1991 7 12 1995 13 1991 U8 14 2001 15 1992 U8 16 1998 17 1992 18 1994 1997 2002 19 1996 CRM 20 MRPII ERP ERP 2002 6 13

21 2003 3 1 2 13,485,768 5,337,524 5,121,170 60,000 3 1,000,000 2 1,000,000 500,000 8 500,000 7 4 4 1 4 26 7 1 10 31 2 4 26 4 26 2004 4 26 2003 4 26 14

4 26 2004 10 31 11 1 2007 12 31 4,261 11 8 19 3 76 663 517 53 1312 11 250 676 74 6 1017 63 804 601 65 1533 29 43 9 81 67 170 34 28 299 14 456 2342 1280 169 4261 15

2005 16

1 2 3 4 5 17

2003 2003 1 3 27 2003 2003 4 26 9 30 10 90,033,120 75.0276% 2 1 2003 2 2003 3 2003 4 2003 5 2003 6 2003 7 8 9 10 11 2003 2003 4 27 3 18

2004 1 5 18 6 17 9 30 7 108,000,864 75.0006% 2 6 18 3 2004 1 10 28 11 29 9 30 6 108,000,432 75.0003% 2 19

2004 11 30 3 20

1 2003 21% 2 2003 1 2003 ERP 2 16% 04 ERP 3 4 53% 1 1 2 ERP 725,871,735 708,956,583 646,772,888 21% 19% 69,441,387 7% 21

22 2004 (%) 708,956,583 62,183,695 91.23 20.54 46.59-1.56 - - - - - - 523,886,792 17,029,089 96.75 12.10 24.16-0.32 159,970,903 26,864,276 83.21 58.91 72.40-1.31 25,098,888 18,290,330 27.13 24.54 39.39-7.77 - - - - - - 0 2004 248,994,895 35.12% 15.76% 213,415,700 33.00% 223,011,727 31.46% 24.07% 211,196,825 32.65% 167,258,796 23.59% 25.98% 156,376,649 24.18% 69,691,165 9.83% 15.11% 65,783,714 10.17% 708,956,583 100% 20.54% 646,772,888 100% 3

ERP-NCv2.30 ERP- NCv3.0 ERP-NCv3.0/BPM ERP-NCv3.0 ERP-NCv3.0 ERP-U8v852 ERP-U8v860 ERP-U8v860 ERP-U8v2.83 ERP-U8 v284 v285 ERP/e-HRv2.31 ERP/e-HRv3.0 ERP/OAv1.0 UF-WARE GRP CELL ERP ERP UF-WARE IT ERP 2004 2006 ERP 10% 23

ERP 480,553,723 67.78% 15,358,553 96.80% 159,970,903 22.56% 26,864,276 83.21% ERP CCID 2004 ERP 21.9% ERP 18.4% 27.4% 4 2 500,000 95% 3,693,236 103,640 500,001 90% 7,170,439 2,040,094 500,000 90% 13,134,154-1,172,334 24

1,000,000 90% 96,442,961 3,022,664 800,000 81.875% 3,782,756 442,396 1,200,000 82% 3,255,186-1,136,012 3,000,000 70% 9,169,490-383,333 25

1,333,334 75% 14,563,785-6,353,345 UF 10,000 100% 9,686,142-163,222 INTERNATI ONAL HOLDINGS., LTD. WECOO NETWORK TECHNOLO GIES CO.,LTD. 10,000 100% - - 980,000 100% 9,518,796 299,111 UF GLOBAL 10,000 RESOURCES LTD. 100% - - 980,000 100% 655,359-456,467 26

2 100% 513,403-1,085,888 26,700,000 68% 34,416,537-5,291,401 50,000,000 93.75% 40,920,731-13,016,241 30,000,000 96% 30,934,227-1,613,838 2 1 10% 2 8 3 3 14,137,352 87.11% 13,527,199 1.86% 4 27

1 1 887.5 32.56 822.89 8.20 28 28 26.50 9.0 30 30 22.22 10.0 29 29 18.65 B/S 30 30 11.36 1.0 B/S 29.5 29.5 5.25 2.0 B/S 29 29-15.71 3.0 30 30 2.90 30 30 2.06 28 28 20.32 27 27 4.76 30 30 6.62 28

30 30 20.76 22 22 8.39 30 30 3.65 23 23 14.00 20 20 13.57 27 27 9.10 23 23 9.57 28 28 18.76 2.0 30 30 23.89 3.0 29.5 29.5 14.49 4.0 29 29-8.84 30 30 14.16 3.0 30 30 3.16 4.0 30 30 12.13 30 30 0 29 5.06 0 1 22 1 21 1 2.33 0 83.5 83.5 0 887.5 822.89 261.72 29

30 2 2 1 2002 12 27 170,700,000 90,000,000

2 4 26 2004 4 28 6 17 9 3 20955574.18 50 33639829.55 3 5 17 6 17 6 23 6 28 5 18 6 18 4 7 29 2004 3000 2800 96 100 2 50 1 50 1 7 31 5 9 10 2004 6 9 27 2004 2004 12 28 51,060,313.8 31

1 12 31 2003 12 31 1,337,378,193 1,282,611,512 4.27% ( ) 1,147,165,912 1,113,940,713 2.98% 646,772,888 545,744,627 18.51% 69,441,387 74,911,911-7.3% -58,415,249-46,858,248 24.66% 1 2 2003 2003 ERP 16% 04 ERP 3 2003 1,156 2004 10 2,000 1,933 2 2005 ERP ERP 1 32

ERP-NC ERP-U8 UAP 2 ERP-U8 HR 3 ERP-U8 ERP IT 4 UF-WARE 5 ERP ERP ERP-U8 ERP 6 7 33

8 9 1 1 2 8 2 3 25 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 2003 34

2003 2003 2003 2003 3 4 26 4 5 17 2004 2004 5 2003 7 29 2004 6 9 10 7 9 27 35

8 10 26 2004 2004 9 10 31 2 1 2 5 15 2003 2003 2003 120,000,000 10 3.75 2003 120,000,000 10 2 5 19 2004 5 20 5 21 2004 5 25 3 12 31 69,441,387 10% 6,944,139 5% 3,472,069 36,667,157 95,692,336 2005 3 25 2005 2004 36

2004 144,000,000 10 3.2 46,080,000 2005 3 25 2005 2004 2004 144,000,000 10 2 28,800,000 1 12 31 2004 2005 3 25 2004 12 31-66,480 66,480 66,480 - - 12,230 12,230 12,230 - - 3,960 3,960 3,960 - - 68,990 68,990 68,990-1 150,490 11,067 161,557 109,977 51,580 37

- 5,230 5,230 5,230-90,220 5,790 96,010 4,840 91,170-325,090 325,090 132,230 192,860-29,690 29,690 29,690 - - 3,530 3,530 3,530-55,503 124,634 180,137 180,137 - - 8,190 8,190 8,190-2 150,000 3,350 153,350 153,350-101,460 35,200 136,660 86,660 50,000-23,524 23,524 23,524-547,673 726,955 1,274,628 889,018 385,610 1 2003 2003 12 31 150,490 4 12 31 51,580 2 7 2 38

3 39

1 2004 3 25 1 2003 2 2003 3 2003 4 2003 5 2003 6 2 2004 4 26 1 40

2 3 4 5 6 41

1 1 2 5 17 6 17 6 23 6 28 2 5 17 6 17 2004 6 23 6 28 42

5 18 6 18 1 5 17 6 17 2004 6 23 6 28 2 3 5% 5% 2004 2003 1,000,000 950,000 43

1,000,000 950,000 0 0 76,632 41,000 1,076,632 991,000 7 1 1 26 1 16 3291128 01 07 2014 01 06 2 16 3291129 01 07 2014 01 06 3 YongYou 9 3347054 01 21 2014 01 20 4 YongYou 41 3347055 01 07 2014 01 06 5 YongYou 16 3347058 03 28 2014 03 27 6 UFSOFT 16 3291121 03 07 2014 03 06 7 42 3291114 04 21 2014 04 20 8 UFSOFT 35 3291116 04 21 2014 04 20 9 42 3291117 04 21 2014 04 20 10 35 3291118 04 21 2014 04 20 11 35 3291119 04 21 2014 04 20 12 UFSOFT 42 3291120 04 21 2014 04 20 13 UFSOFT 38 3291127 03 28 2014 03 27 14 38 3291132 03 28 2014 03 27 44

15 38 3291134 03 28 2014 03 27 16 UFSOFT 36 3291126 05 21 2014 05 20 17 36 3291130 05 21 2014 05 20 18 YongYou 38 3347056 05 21 2014 05 20 19 YongYou 35 3347057 05 14 2014 05 13 20 YongYou 42 3347059 07 14 2014 07 13 21 22 23 24 25 26 UAP( ) 41 3440681 06 21 2014 06 20 UAP( ) 9 3440686 07 14 2014 07 13 UAP( ) 35 3440682 08 21 2014 08 20 UAP( ) 38 3440683 10 14 2014 10 13 UAP( ) 42 3440684 12 14 2014 12 13 UAP( ) 16 3440685 12 21 2014 12 20 2 6 1 UFSOFT 9 G798791 4 9 2014 4 9 2 UFSOFT 41 G798791 4 9 2014 4 9 3 UFSOFT 42 G798791 4 9 2014 4 9 4 9 G805164 8 13 2014 8 13 5 41 G805164 8 13 2014 8 13 6 42 G805164 8 13 2014 8 13 3 19 1 OA OA V1.0 2004SR04733 2004-3-29 45

2 ERP-NC NC V2.30 2004SR04732 2004-2-18 3 ERP/U8 U8 V8.52 2004SR04731 2004-5-25 4 UAP V3.0 2004SR09850 2004-10-12 5 ERP-NC NC V3.0 2004SR09847 2004-10-12 6 ERP-NC NC V3.0 2004SR09763 2004-10-10 7 ERP-NC NC V3.0 2004SR09848 2004-10-12 8 ERP-NC NC V3.0 2004SR09849 2004-10-12 9 ERP-U8 U8 V8.60 2004SR11383 2004-11-24 10 ERP-U8 U8 EAI V8.60 2004SR12570 2004-12-17 11 ERP-U8 U8 CRM V8.60 2004SR12577 2004-12-17 12 ERP-U8 U8 V8.60B 2004SR12573 2004-12-17 13 ERP-U8 U8 V8.60B 2004SR12574 2004-12-17 14 ERP-U8 U8 DSS V8.60 2004SR12572 2004-12-17 15 ERP-U8 U8 V8.60 2004SR12571 2004-12-17 16 ERP-U8 U8 HR V8.60 2004SR12575 2004-12-17 17 ERP-U8 U8-MRP V8.60 2004SR12576 2004-12-17 18 ERP-U8 U8 OA V8.60 2004SR12578 2004-12-17 19 ERP-U8 U8 SCM V8.60 2004SR12579 2004-12-17 12 24 SEI RICHARD STORCH CMM5 CMM5 46

2005 238167-01 : 2004 12 31 2004 2005 3 25 47

2004 12 31 2003 12 31 : 1 714,904,736 773,319,985 2 129,041,178 105,279,472-306,158 3 69,227,444 52,433,091 4 12,585,627 14,296,623 5 6,853,559 10,729,047 6 3,640,507 3,116,340 7 3,259,489 1,385,260 8 191,350 672,750 939,703,890 961,538,726 : 9 131,695,719 138,918,130 131,695,719 138,918,130 : 11 196,149,835 156,269,645 : 11 97,756,964 73,914,775 11 98,392,871 82,354,870 12 103,516,826 62,489,221 201,909,697 144,844,091 : 13 34,210,023 35,414,315 14 29,858,864 1,896,250 64,068,887 37,310,565 1,337,378,193 1,282,611,512 60 150 48

2004 12 31 2003 12 31 : 15-16,318,335 16 3,298,765 2,986,726 17 30,646,895 17,436,421 34,026,971 38,777,646 17,243,570 15,979,623 18 33,543,428 28,677,970 19 43,682,661 25,241,236 1,998,381 2,033,503 20 2,428,165 3,153,094 166,868,836 150,604,554 : 21 10,605,000 1,775,000 177,473,836 152,379,554 : 12,738,445 16,291,245 : 22 144,000,000 120,000,000 23 853,121,565 868,337,753 24 54,352,011 43,935,803 : 24 18,117,337 14,645,268 25 95,692,336 81,667,157 : 46,080,000 45,000,000 1,147,165,912 1,113,940,713 1,337,378,193 1,282,611,512 60 150 48 59 49

2004 12 31 2004 2003 27 725,871,735 601,572,932 : 62,183,695 42,418,988 28 16,915,152 13,409,317 646,772,888 545,744,627 : 29 363,508 338,338 : 309,129,706 247,407,167 30 314,865,371 256,108,153 31 ( 11,010,911 ) ( 8,973,645 ) 34,152,230 51,541,290 : 32 135,966 237,811 33 56,936,261 49,774,934 34 ( 11,576,431 ) ( 10,961,040 ) : 35 803,616 560,004 78,844,410 90,032,991 : 36 14,688,217 16,270,237 : 5,285,194 1,149,157 69,441,387 74,911,911 60 150 50

2004 12 31 2004 2003 69,441,387 74,911,911 : 81,667,157 77,992,033 151,108,544 152,903,944 : 24 6,944,139 7,491,191 24 3,472,069 3,745,596 140,692,336 141,667,157 26 45,000,000 60,000,000 95,692,336 81,667,157 60 150 51

2004 12 31 : 2004 2003 837,982,337 658,187,999 56,186,261 47,774,934 1,219,051 4,199,009 895,387,649 710,161,942 ( 49,685,371 ) ( 49,506,866 ) (365,947,373 ) (269,692,018 ) (150,678,511 ) (100,573,921 ) 37 (222,489,352 ) (185,857,611 ) (788,800,607 ) (605,630,416 ) 106,587,042 104,531,526 : 151,970,000 100,114,686 5,780,450 317,647 11,971,920 11,402,761 404,471 247,095 170,126,841 112,082,189 ( 87,816,894 ) ( 90,779,930 ) (181,807,148 ) (122,605,560 ) ( 21,136,749 ) - (290,760,791 ) (213,385,490 ) (120,633,950 ) (101,303,301 ) : 2,631,678 5,455,000 2,000,000 16,318,335 12,655,500 6,880,200 17,287,178 28,653,535 ( 16,318,335 ) ( 8,111,460 ) ( 45,116,397 ) ( 60,628,548 ) 1 - ( 10,000,000 ) ( 61,434,732 ) ( 78,740,008 ) ( 44,147,554 ) ( 50,086,473 ) ( 220,787 ) - ( 58,415,249 ) ( 46,858,248 ) 60 150 52

( ) 2004 12 31 2004 2003 1. : 69,441,387 74,911,911 : ( 5,285,194 ) ( 1,149,157 ) 11 27,101,472 20,871,803 5,130,764 1,890,787 13 4,204,292 3,913,867 14 1,844,386 153,750 245,345 206,843 ( 11,328,578 ) ( 8,973,645 ) 34 11,576,431 10,961,040 ( 524,167 ) ( 978,098 ) ( 1,874,229 ) ( 114,079 ) / ( 724,929 ) 492,888 ( 15,857,234 ) ( 26,352,309 ) 22,637,296 28,695,925 106,587,042 104,531,526 2. : 714,904,736 773,319,985 : - 18,500,000 714,904,736 754,819,985 : 773,319,985 801,678,233 ( 58,415,249 ) ( 46,858,248 ) 60 150 53

2004 12 31 2003 12 31 : 1 514,055,047 613,696,032 2 129,041,178 105,279,472-306,158 3 49,204,271 38,120,018 4 147,824,773 112,922,651 5 2,215,737 1,979,790 6 2,802,351 2,434,790 7 1,695,079 965,991 8 191,350-847,029,786 875,704,902 : 9 194,536,105 199,072,582 : 11 163,218,204 135,074,786 : 11 82,799,793 64,264,630 11 80,418,411 70,810,156 12 103,516,826 62,489,221 183,935,237 133,299,377 : 13 22,966,667 25,941,667 14 29,858,864 1,896,250 52,825,531 27,837,917 1,278,326,659 1,235,914,778 60 150 54

2004 12 31 2003 12 31 : 15-16,318,335 16 1,894,936 1,786,242 17 23,714,116 14,314,962 24,654,701 28,240,289 10,440,624 11,720,353 18 28,212,027 25,282,203 19 34,200,135 19,567,431 709,857 1,145,135 20 1,929,351 1,824,115 125,755,747 120,199,065 : 21 5,405,000 1,775,000 131,160,747 121,974,065 : 22 144,000,000 120,000,000 23 853,121,565 868,337,753 24 54,352,011 43,935,803 : 24 18,117,337 14,645,268 25 95,692,336 81,667,157 : 46,080,000 45,000,000 1,147,165,912 1,113,940,713 1,278,326,659 1,235,914,778 60 150 55

2004 12 31 2004 2003 27 577,438,991 496,099,049 : 44,171,444 28,111,826 28 13,079,758 10,520,049 520,187,789 457,467,174 : 29 363,508 338,338 : 229,335,283 190,795,883 30 235,041,900 212,885,177 31 ( 10,081,364 ) ( 8,659,148 ) 66,255,478 62,783,600 : 32 28,401 212,506 33 52,612,752 48,293,735 34 ( 36,089,782 ) ( 20,282,127 ) : 35 482,559 334,514 82,324,290 90,673,200 : 36 12,882,903 15,761,289 69,441,387 74,911,911 60 150 56

2004 12 31 2004 2003 69,441,387 74,911,911 : 81,667,157 77,992,033 151,108,544 152,903,944 : 24 6,944,139 7,491,191 24 3,472,069 3,745,596 140,692,336 141,667,157 26 45,000,000 60,000,000 95,692,336 81,667,157 60 150 57

2004 12 31 2004 2003 : 641,210,441 570,659,061 52,162,752 46,293,735 820,274 4,178,380 694,193,467 621,131,176 ( 37,493,977 ) ( 33,053,225 ) (282,660,997 ) (235,234,971 ) (127,265,881 ) ( 89,758,503 ) 37 (159,760,488 ) (210,939,849 ) (607,181,343 ) (568,986,548 ) 87,012,124 52,144,628 : 151,970,000 100,114,686 5,780,450 317,647 10,715,633 10,963,486 249,347 234,716 168,715,430 111,630,535 ( 72,147,629 ) ( 83,727,976 ) (208,107,148 ) (190,403,188 ) ( 21,136,750 ) - (301,391,527 ) (274,131,164 ) (132,676,097 ) (162,500,629 ) : - 16,318,335 7,455,500 6,880,200 7,455,500 23,198,535 ( 16,318,335 ) ( 8,111,460 ) ( 45,114,177 ) ( 60,628,548 ) 1 - ( 10,000,000 ) ( 61,432,512 ) ( 78,740,008 ) ( 53,977,012 ) ( 55,541,473 ) ( 99,640,985 ) (165,897,474 ) 60 150 58

( ) 2004 12 31 2004 2003 1. : 69,441,387 74,911,911 : 11 21,056,888 16,684,325 2,889,146 831,692 13 2,975,000 2,808,333 14 1,844,386 153,750 205,535 184,271 ( 10,295,298 ) ( 8,659,148 ) 34 36,089,782 20,282,127 ( 367,561 ) ( 910,592 ) / ( 729,088 ) 159,559 /( ) 105,236 ( 544,309 ) ( 49,302,819 ) ( 74,907,140 ) 13,099,530 21,150,541 87,012,124 52,144,628 2. : 514,055,047 613,696,032 : - 18,500,000 514,055,047 595,196,032 : 613,696,032 761,093,506 ( 99,640,985 ) (165,897,474 ) 60 150 59

60 ( ) ( ) 1999 12 6 ( ) 1100002511925 1999 10 29 巿 [1999]133 ( ) ( ) ( ) ( ) ( ) ( ) ( ) 2001 4 18 [2001]28 1 2,500 36.68 2001 5 8 10,000 2003 5 20 2002 2002 100,000,000 10 2 2,000 10,000 12,000 2003 12 8 [2003]0008 2003 12 18 1100001511925(1-1) 12,000 2004 4 26 2003 2003 120,000,000 10 2 2,400 12,000 14,400 2004 11 29 XYZH/A204132 2004 12 6 1100001511925 14,400

1. 2. 釆 1 1 12 31 3. 4. ( 21) 5. 61

6. [1995]11 50% 50% 2004 12 31 7. 2003 12 2003 7 1 62

8. ( ) 9. : (1) (2) (%) 1 1% 1-2 20% 2-3 40% 3 100% 63

10. 釆 11. 1 64

12. 20% 20% 20% 20% 20% 20% 10 10 13. 65

13. 釆 ( 3%) : % 50 2 30 3.2 4 8 12.1 24.3 6 16.2 14. 15. 50 66

16. 10 17. 1 18. (1) (2) (3) 3 67

19. 20. ( ) ( ) 21. ( 1) 68

22. 10% 50% 25% 5% 10% 23. 24. 釆 25. 69

70 : (1) 17% 2000 9 22 ( [2000]25 ) 2000 6 24 2010 17% 3% 17% 4% 6% (2) 5% 3%

(3) 巿 7% 巿 1% (4) 3% 4% (5) 巿 15% 2003 ( [2000]18 ) 2003 10% 2004 2005 3 2004 10% 3 18% 3 10 27% 33% 巿 15% 2000 7 17 巿 15% 15% 71

72 2004 12 1 (5) 2003 79 2003 1 1 15% 2002 3 13 15% 2003 1 16 15% 2004 [94]001 2004 [94]001 [94]001 2004 15% 2001 2002 2004 2004 [94]001

73 2004 12 1 (5) [94]001 [2003]134 2004 2004 0157 2004 1 1 2% [94]001 [1994]63 2004 2004 [94]001 2003 1994 068 1997 130 2004 2006 [2000] 18 (6)

800,000 675,000 81.875% ( ) 巿 1,000,000 900,000 90% ( ) 500,000 1,470,000 95% ( ) 500,000 3,840,000 99% ( ) 500,001 2,970,000 90% ( ( ) ) 1,200,000 876,000 82% ( ) 74

UF INTERNATIONAL HOLDINGS., LTD. ( UF INTERNATIONAL ) 8,111,241 100% 10,000 WECOO NETWORK TECHNOLOGIES CO., LTD. ( WECOO ) 10,000-100% [ 1] - 100% [ 2] 980,000 3,000,000 10,500,000 70% ( ) 8,300,000 75% ( 1,333,334 ) UF GLOBAL RESOURCES LTD. ( UF GLOBAL ) 10,000-100% [ 3] 75

( ) - 100% [ 4] ( 980,000 ) ( ) 26,700,000 42,600,000 68% 500,000-47.6% [ 5] 500,000-47.6% [ 5] 1,100,000-47.6% [ 5] 2,500,000-40.8% [ 5] 1,050,000-47.6% [ 6] 76

2 2 100% 50,000,000 46,875,000 93.75% 30,000,000 28,800,000 96% [ 7] 1. WECOO 50,000 1 50,000 UF INTERNATIONAL 2001 WECOO 10,000 2001 98 WECOO UF INTERNATIONAL WECOO 98 UF INTERNATIONAL 2. WECOO 1 98 1 UF INTERNATIONAL WECOO UF INTERNATIONAL WECOO 1 UF INTERNATIONAL 77

3. UF GLOBAL 2002 1 17 50,000 1 50,000 UF INTERNATIONAL 2002 5 18 UF GLOBAL 10,000 1 UF INTERNATIONAL UF GLOBAL UF INTERNATIONAL UF GLOBAL 1 UF GLOBAL UF INTERNATIONAL 98 4. UF GLOBAL 980,000 2002 UF INTERNATIONAL UF GLOBAL 137,000 1,133,908 UF GLOBAL 137,000 UF INTERNATIONAL 10,000 3 147,000 2003 12 31 833,000 UF INTERNATIONAL UF GLOBAL 1 UF INTERNATIONAL 98 2004 2004 2 16 2004 12 31 5. 70% 70% 70% 60% 68% 47.6% 47.6% 47.6% 40.8% 2004 12 31 4,260 78

79 6. 2004 2 13 1,050,000 70% 15% 10% 5% 2004 12 31 735,000 157,500 105,000 52,500 68% 47.6% 5 4,260 7. 2004 8 3 96% 2% 1% 1% 3,000 2004 12 31 28,000,000 100 50 50 2004 12 31

1. 2004 12 31 2003 12 31 2,262,670 1,836,281 712,642,066 771,483,704 714,904,736 773,319,985 2004 12 31 2003 12 31 1,508,758 873,152 512,546,289 612,822,880 514,055,047 613,696,032 2004 2 13 990,000 10,000,000 2004 3 3 2004 2 17 980,000 8,500,000 2004 8 11 2003 12 31 130,500,000 63,500,000 2004 80

2. 2004 12 31 2003 12 31 130,107,148 109,253,039 ( 1,065,970 ) ( 3,973,567 ) 129,041,178 105,279,472 2003 12 31 (i) - - 109,253,039 3,973,567 (ii) 100,107,148 1,065,970 - - (iii) 30,000,000 - - - 130,107,148 1,065,970 109,253,039 3,973,567 (i) 2004 5 17 2004 100,000,000 2004 6 17 2004 6 23 2004 6 28 100,000,000 2004 6 17 2004 9,338,500 34 4,059,028 23 81

2. (ii) 2003 12 31 50,000,000 - - - 20,000,000 - - - 30,107,148 1,065,970 - - 100,107,148 1,065,970 - - 2004 12 31 (iii) 2004 9 20 2005 1 1 30,000,000 30,000,000 0.15% 7% 2005 1 18 82

3. 2004 12 31 2003 12 31 77,286,494 56,535,277 8,059,050 4,102,186 69,227,444 52,433,091 2004 12 31 2003 12 31 53,427,504 40,271,668 4,223,233 2,151,650 49,204,271 38,120,018 83

3. 2003 12 31 % % % % 1 59,410,898 77 728,199 1 46,865,338 83 490,190 1 1 2 10,831,323 14 2,193,357 20 6,179,167 11 1,473,029 24 2 3 3,562,804 5 1,656,025 46 2,368,460 4 1,016,655 43 3 3,481,469 4 3,481,469 100 1,122,312 2 1,122,312 100 77,286,494 100 8,059,050 56,535,277 100 4,102,186 2003 12 31 % % % % 1 43,404,730 81 544,440 1 34,553,322 86 364,020 1 1 2 6,253,709 12 1,276,762 21 4,779,822 11 1,199,797 25 2 3 2,963,229 6 1,596,195 54 671,549 2 320,858 48 3 805,836 1 805,836 100 266,975 1 266,975 100 53,427,504 100 4,223,233 40,271,668 100 2,151,650 84

3. 2004 2003 2004 2003 4,102,186 3,666,814 2,151,650 2,246,416 3,956,864 2,689,370 2,071,583 1,092,145 - (2,253,998) - (1,186,911) 8,059,050 4,102,186 4,223,233 2,151,650 5% 3,132,500 4% 4. 2004 12 31 2003 12 31 16,268,254 16,805,350 3,682,627 2,508,727 12,585,627 14,296,623 85

4. 2004 12 31 2003 12 31 150,427,819 114,708,134 2,603,046 1,785,483 147,824,773 112,922,651 : 2003 12 31 % % % % 1 10,578,430 65 607,224 6 12,175,164 73 812,401 7 1 2 3,308,514 20 1,011,702 31 3,598,827 21 1,069,765 30 2 3 1,612,682 10 1,295,073 80 674,663 4 269,865 40 3 768,628 5 768,628 100 356,696 2 356,696 100 16,268,254 100 3,682,627 16,805,350 100 2,508,727 2003 12 31 % % % % 1 147,234,217 98 521,364-112,790,324 99 762,790 1 1 2 1,774,684 1 704,936 40 1,363,013 1 622,163 45 2 3 1,153,620 1 1,111,448 96 257,112-102,845 40 3 265,298-265,298 100 297,685-297,685 100 150,427,819 100 2,603,046 114,708,134 100 1,785,483 86

4. 2004 2003 2004 2003 2,508,727 1,053,312 1,785,483 859,025 1,173,900 2,494,794 817,563 1,785,446 - (1,039,379) - ( 858,988) 3,682,627 2,508,727 2,603,046 1,785,483 2004 12 31 5% 138,786,654 2003 12 31 98,649,453 3,373,915 21% 87

5. 2004 12 31 % 2003 12 31 % 1 1,911,713 28 10,605,447 99 1 2 4,820,526 70 123,600 1 2 3 121,320 2 - - 6,853,559 100 10,729,047 100 2004 12 31 % 2003 12 31 % 1 1,882,812 85 1,876,430 95 1 2 332,925 15 103,360 5 2,215,737 100 1,979,790 100 5% 88

6. 2004 12 31 2003 12 31 967,595 454,790 2,672,912 2,661,550 3,640,507 3,116,340 2004 12 31 2003 12 31 906,470 344,457 1,895,881 2,090,333 2,802,351 2,434,790 7. 2004 1 1 2004 12 31 946,039 9,372,883 7,528,985 2,789,937 439,221 1,030,384 1,000,053 469,552 1,385,260 10,403,267 8,529,038 3,259,489 89

7. 2003 12 31 2004 1 1 2004 12 31 774,747 6,507,998 5,827,311 1,455,434 191,244 789,662 741,261 239,645 965,991 7,297,660 6,568,572 1,695,079 8. 191,350 2005 6 30 9. 2004 12 31 2003 12 31 (i) 106,034,000 106,304,000 - (ii) 4,112,581 3,640,981 (iii) 30,961,338 35,786,349 141,107,919 145,731,330 : - (i) 9,030,000 6,431,000 - (iii) 382,200 382,200 131,695,719 138,918,130 90

9. 2004 12 31 2003 12 31 (i) 103,134,000 105,104,000 - (iii) 96,701,724 97,140,801 - (ii) 4,112,581 3,640,981 203,948,305 205,885,782 : - (i) 9,030,000 6,431,000 - (iii) 382,200 382,200 194,536,105 199,072,582 9 i 9 iii 2004 12 31 91

9. (i) : 56 3,538,856,868 1.56% 85,000,000 30 18,000,000 19.8% 5,330,000 20 1,000,000,000 0.5% 5,000,000 20 3,745,000 19.9% 4,000,000 10 500,000 19.8% 2,000,000 10 500,000 20% 700,000 10 5,000,000 5% 250,000 10 800,000 18% 144,000 10 500,000 20% 100,000 4 7 500,000 20% 100,000 10 500,000 18% 90,000 10 500,000 18% 90,000 巿 10 500,000 18% 90,000 500,000 18% 90,000 巿 3 500,000 18% 90,000 巿 10 300,000 20% 60,000 103,134,000 5,000,000 20% 1,000,000 5,000,000 20% 1,000,000 [ 1] 5 2,000,000 20% 400,000 [ 2] 500,000 20% 100,000 10 500,000 20% 100,000 3 500,000 20% 100,000 [ 3] 10 500,000 20% 100,000 [ 4] 10 500,000 20% 100,000 [ 5] HAN INTERNATIONAL CONSULTING COMPANY LIMITED 5,000 4% - [ 6] 106,034,000 ( 5,330,000 ) ( 2,000,000 ) ( 1,000,000 ) ( 700,000 ) ( 9,030,000 ) 92

93 9. 1. 2004 3 31 500 100 20% 100 2. 2003 11 15 200 40 20% 2004 12 31 40 3. 2004 4 3 50 10 20% 2004 12 31 10 4. 2003 12 15 50 10 20% 2004 12 31 10

9. 5. 2004 10 26 50 10 20% 2004 12 31 10 6. UF INTERNATIONAL 2001 HAN INTERNATIONAL CONSULTING COMPANY LIMITED HAN 5,000 200 1 200 UF INTERNATIONAL HAN 4% UF INTERNATIONAL HAN 94

9. (ii) 2004 12 31 2003 12 31 1 10 500,000 40% 200,000 200,000 10 2,000,000 35% 700,000 700,000 10 5,000,000 30% 1,500,000 1,500,000 2,400,000 2,400,000 /( ) - 1,930,064 1,583,745 - ( 38,464) (44,035) - ( 179,019) ( 298,729) 1,712,581 1,240,981 4,112,581 3,640,981 1 2004 2004 12 31 95

9. (iii) : UF INTERNATIONAL 6 WECOO 7 UF GLOBAL 11 14 : 2004 2004 2004 2003 12 31 12 3112 31 12 31 800,000 81.875% 655,000 20,000 [ 1] - - - 655,000 655,000 1,000,000 90% 900,000 - - - - 900,000 900,000 500,000 95% 325,128 1,144,872 [ 2] 5 - - 325,128 325,128 500,000 99% 1,431,726 2,408,274 [ 3] 5 361,240-1,431,726 1,792,966 96

9. 2004 2004 2004 2003 12 31 12 3112 31 12 31 500,001 90% 1,303,543 1,666,457 [ 4] 5 333,293 230,194 1,533,737 1,867,030 ( ) 1,200,000 82% 579,156 296,844 [ 5] 5 59,368 59,369 638,525 697,893 UF INTERNA -TIONAL, 100% (5,635,860) 13,747,101 [ 6] 10 1,374,710 9,050,175 3,414,315 4,789,025 10,000 WECOO 100% - [ 7] 10,000 100% - [ 8] 980,000 97

9. 2004 2004 2004 2003 12 31 12 31 12 31 12 31 3,000,000 70% 7,980,000 2,520,000 [ 9] 10 252,000 1,659,000 9,639,000 9,891,000 98

9. 2004 2004 2004 2003 12 31 12 31 12 31 12 31 1,333,334 75% 8,300,000 - - - - 8,300,000 8,300,000 UF GLOBAL 100% - [ 10] - - - - - - 10,000 100% - [ 11] - - - - - - 980,000 ( ) 99

9. 2004 2004 2004 2003 12 31 12 3112 31 12 31 26,700,000 68% 18,255,284 24,444,000 [ 12] 10 2,444,400 19,962,600 38,217,884 40,563,000 2 100% 2 [ 13] - - - - 2 2 50,000,000 93.75% 46,875,000 [ 14] - - - - 46,875,000 46,875,000 500,000 47.6% - [ 15] - - - - - - 100

9. 2004 2004 2004 2003 12 31 12 31 12 31 12 31 500,000 47.6% - [ 16] - - - - - - 1,100,000 47.6% - [ 17] - - - - - - 2,500,000 40.8% - [ 18] - - - - - - 1,050,000 47.6% - [ 19] - - - - - - 101

9. 2004 2004 2004 2003 12 31 12 31 12 31 12 31 30,000,000 96% 28,800,000 [ 20] - - - - 28,800,000-109,768,979 46,247,548 4,825,011 30,961,338 140,730,317 116,656,044 /( ) - ( 464,148) ( 524,456) - 6,536,770 4,629,791 - ( 3,771,912) ( 3,468,907) - ( 4,348,929) ( 3,040,325) - 4,171,227 2,612,276 - ( 2,808,747) ( 1,545,819) - ( 1,507,819) ( 1,108,053) - ( 2,271,459) ( 2,007,240) - ( 8,217,057) ( 3,307,071) - ( 7,349,331) ( 6,873,839) - ( 4,460,773) ( 607,180) - ( 1,560,370) ( 507,370) - (16,017,906) ( 3,767,050) - UF International ( 163,222) - - ( 1,794,917) - (44,028,593) (19,515,243) 96,701,724 97,140,801 - ( 382,200) ( 382,200) ( 382,200) ( 382,200) 102

103 9. 1. 1997 11 15 20% 12 81.875% ( ) ( 20,000 ) 1997 2. 1998 7 1 77% 138 95% ( ) ( 1,144,872 ) 3. 1999 10 1 82% 384 90% ( ) ( 2,408,274 ) 4. 2000 9 1 72% 168 90% ( ) ( 1,546,457 ) 2000 11 16 2000 12 18 500,000 500,001 1 1,200,000 90% 90.00002% ( ) ( 120,000 ) 5. 2001 1 1 64% 66 82% 296,844

9. 6. [2001] 354 [2001] 018 2001 4 3 UF INTERNATIONAL HOLDINGS., LTD. 50,000 1 50,000 2001 5 11 10,000 2001 8 12 98 2001 8 12 98 WECOO 7 7 8 UF INTERNATIONAL WECOO 2001 8 12 100% 2001 8 12 5,635,860 13,747,101 5,635,860 7. WECOO 2000 6 29 50,000 1 50,000 UF INTERNATIONAL 2001 8 12 10,000 2001 8 12 98 UF INTERNATIONAL WECOO WECOO 98 6 UF INTERNATIONAL 8. WECOO 2000 11 28 98 UF INTERNATIONAL WECOO UF INTERNATIONAL WECOO UF INTERNATIONAL 9. 2001 8 16 10,500,000 2,100,000 70% 70% 2,520,000 104

9. 10. UF GLOBAL 2002 1 17 50,000 1 50,000 UF INTERNATIONAL 2002 5 18 10,000 1 2002 UF INTERNATIONAL UF GLOBAL UF INTERNATIONAL UF GLOBAL UF GLOBAL UF INTERNATIONAL 98 6 11. UF GLOBAL 2002 5 22 980,000 2002 UF INTERNATIONAL UF GLOBAL 137,000 1,133,908 UF GLOBAL 137,000 UF INTERNATIONAL 10,000 147,000 2003 12 31 833,000 UF INTERNATIONAL UF GLOBAL UF INTERNATIONAL 98 6 2004 2004 2 16 2004 12 31 980,000 811 2004 12 31 7,349,331 12. 2002 12 24 500,000 95% 5% 105

106 9. 12. 2003 1 1 1,000,000 2003 1 17 50 2003 1 17 2003 1 17 2003 1 16 43 21 36 2003 1 16 2003 1 1,760 2003 1,760 2003 2 21 2,400 2003 2 24 70 2003 12 22 2003 12 31 2,670 68% 21.5% 10.5%

9. 13. UF INTERNATIONAL 2003 6 27 10,000 1 10,000 2 UF INTERNATIONAL 2003 6 27 1 2003 9 1 UF INTERNATIONAL 1 UF INTERNATIONAL 2003 12 31 14. 2003 7 7 93.75% 6.25% 5,000 2003 12 31 46,875,000 3,125,000 2003 12 31 15. 2003 6 9 500,000 70% 20% 10% 2003 12 31 350,000 100,000 50,000 68% 47.6% 2003 12 31 4,260 107

108 9. 16. 2003 8 7 500,000 70% 15% 15% 2003 12 31 350,000 75,000 75,000 68% 47.6% 2003 12 31 15 4,260 17. 2003 7 30 1,100,000 70% 30% 2003 12 31 770,000 330,000 68% 47.6% 2003 12 31 15 4,260

109 9. 18. 8 2000 9 20 10 2003 8 60% 11 2004 12 31 68% 40.8% 2004 4 12 15 4,260 146,007 68% 99,284 23 (iii) 19. 2004 2 13 1,050,000 70% 15% 10% 5% 2004 12 31 735,000 157,500 105,000 52,500 68% 47.6% 15 4,260

9. 20. 2004 8 3 96% 2% 1% 1% 3,000 2004 12 31 28,000,000 100 50 50 800,000 23 (ii) 10. UF INTERNATIONAL 2002 6 15 ENTENA INC. 100 8,277,200 2004 12 31 UF INTERNATIONAL 26 2,152,072 ENTENA INC. 2003 2003 12 31 2003 12 31 ENTENA INC. 2004 12 31 2003 12 31 110

11. : 2004.1.1 2,349,420 34,038,250 93,367,305 13,700,287 12,814,383 156,269,645-135,345 30,296,850 6,520,773 6,836,321 43,789,289-31,600 3,232,935 644,564-3,909,099 2004.12.31 2,349,420 34,141,995 120,431,220 19,576,496 19,650,704 196,149,835 : 2004.1.1 403,317 7,761,394 50,649,653 5,965,962 9,134,449 73,914,775 46,988 1,053,868 19,694,910 2,446,795 3,858,911 27,101,472-15,861 2,715,008 528,414-3,259,283 2004.12.31 450,305 8,799,401 67,629,555 7,884,343 12,993,360 97,756,964 : 2004.12.31 1,899,115 25,342,594 52,801,665 11,692,153 6,657,344 98,392,871 2003.12.31 1,946,103 26,276,856 42,717,652 7,734,325 3,679,934 82,354,870 111

11. : 2004.1.1 2,349,420 34,038,250 77,112,351 11,303,946 10,270,819 135,074,786-135,345 20,680,958 5,772,089 4,531,633 31,120,025-31,600 2,471,589 473,418-2,976,607 2004.12.31 2,349,420 34,141,995 95,321,720 16,602,617 14,802,452 163,218,204 : 2004.1.1 403,317 7,761,394 43,573,427 5,168,360 7,358,132 64,264,630 46,988 1,053,868 15,199,961 2,032,057 2,724,014 21,056,888-15,861 2,104,844 401,020-2,521,725 2004.12.31 450,305 8,799,401 56,668,544 6,799,397 10,082,146 82,799,793 : 2004.12.31 1,899,115 25,342,594 38,653,176 9,803,220 4,720,306 80,418,411 2003.12.31 1,946,103 26,276,856 33,538,924 6,135,586 2,912,687 70,810,156 112

12. 2002 12 27 III 45.52 682.8 2001 157 [2001]589 2002 168 10,098.75 6,971.25 17,070 90,000,000 ( ) 170.70 60,000,000 40,919,402 100,919,402 52.7% - 2,489,221 108,203 2,597,424 - - 62,489,221 41,027,605 103,516,826 113

13. 2004.1.1 21,397,928 20,000,000 41,397,928 3,000,000-3,000,000 2004.12.31 24,397,928 20,000,000 44,397,928 2004.1.1 2,983,613 3,000,000 5,983,613 2,204,292 2,000,000 4,204,292 2004.12.31 5,187,905 5,000,000 10,187,905 2004.12.31 19,210,023 15,000,000 34,210,023 2003.12.31 18,414,315 17,000,000 35,414,315 2004.1.1 9,750,000 20,000,000 29,750,000 - - - 2004.12.31 9,750,000 20,000,000 29,750,000 2004.1.1 808,333 3,000,000 3,808,333 975,000 2,000,000 2,975,000 2004.12.31 1,783,333 5,000,000 6,783,333 2004.12.31 7,966,667 15,000,000 22,966,667 2003.12.31 8,941,667 17,000,000 25,941,667 114

115 13. (1) V3.2 8,888,889 (2) 2002 25% 75% 1 IFS 33.3334 276 (3) 2002 8 26 775 775 (4) 2003 11 6 2,000,000 2004 12 31 2004 12 31 1,200,000

13. (5) 2004 7 1 300 2004 12 31 1,500,000 Netup ERP P.Q 2,000, / 116

14. 2004 2003 2,050,000-1 29,807,000 2,050,000 31,857,000 2,050,000 153,750-1,844,386 153,750 1,998,136 153,750 29,858,864 1,896,250 9 8 9 3 1. 2004 2 10 3,273 29,807,000 2004 12 31 21,136,751 117

15. 2004 (i) WD6732002007 WD 1.5% 1[ 1] 8,500,000 2003 8 11 2004 8 11 2004 2 17 (ii) 200304WS001 200304WSZ001 5.8587% 1[ 2] 10,000,000 2003 3 4 2004 3 3 2004 2 13 16. 5% 17. : 2004 2003 12 31 % 12 31 % 1 28,632,453 94 15,141,565 87 1 2 1,159,147 4 1,348,846 8 2 3 434,987 1 844,370 4 3 420,308 1 101,640 1 30,646,895 100 17,436,421 100 118

17. 2004 2003 12 31 % 12 31 % 1 21,904,635 93 12,152,216 85 1 2 1,091,349 5 1,240,680 9 2 3 405,582 1 836,616 5 3 312,550 1 85,450 1 23,714,116 100 14,314,962 100 2004 12 31 5% 18. 2004 12 31 2003 12 31 17,998,109 15,006,795 1,588,647 1,023,821 10,747,358 9,657,020 3,209,314 2,990,334 33,543,428 28,677,970 2004 12 31 2003 12 31 14,348,567 12,746,742 1,057,009 672,576 10,422,551 9,401,577 2,383,900 2,461,308 28,212,027 25,282,203 119

19. 2004 12 31 2003 12 31 8,670,249-6,506,254 3,420,248 7,449,589 5,798,865 4,247,899 1,801,231 2,029,779 2,804,475 2,000,000-1,878,817 3,573,528 ( 13(4)) 800,000 1,000,000 457,575 563,130 9,642,499 6,279,759 43,682,661 25,241,236 2004 12 31 2003 12 31 8,670,249-4,434,982 2,126,606 3,506,811 1,101,657 5,058,344 4,918,146 1,763,508 2,755,325 1,441,067 2,945,634 ( 13(4)) 800,000 1,000,000 9,900 457,010 8,515,274 4,263,053 34,200,135 19,567,431 120

19. 2004 4 20 2,000,000 5% : 2004 12 31 % 2003 12 31 % 1 29,950,426 68 12,777,724 50 1 2 6,780,857 16 6,497,319 26 2 3 1,803,323 4 3,022,625 12 3 5,148,055 12 2,943,568 12 43,682,661 100 25,241,236 100 2004 12 31 % 2003 12 31 % 1 25,092,166 73 8,766,637 45 1 2 4,370,139 13 5,030,391 25 2 3 1,010,691 3 2,914,684 15 3 3,727,139 11 2,855,719 15 34,200,135 100 19,567,431 100 121

20. 2004 12 31 2003 12 31 1,000,000 950,000 269,014 301,001 90,313 1,181,128-164,912 1,068,838 556,053 2,428,165 3,153,094 2004 12 31 2003 12 31 1,000,000 950,000 249,014 301,001-172,266-164,912 680,337 235,936 1,929,351 1,824,115 122

21. 2004 12 31 2003 12 31 1 6,000,000 1,000,000 863 775,000 775,000 ERP 2 3,000,000-3 200,000-4 630,000-10,605,000 1,775,000 2004 12 31 2003 12 31 1,000,000 1,000,000 863 775,000 775,000 ERP 2 3,000,000-4 630,000-5,405,000 1,775,000 1. 2004 USE-GAP 5,000,000 2. 2004 ERP 2004 12 3,000,000 123

21. 3. 2004 10 31 2004 200,000 4. 2004 80,000 400,000 2004 12 7 150,000 22. 144,000,000 1 2003 12 31 2004 12 31. 1. : 90,000,000 90,000,000 75% 18,000,000 18,000,000 108,000,000 108,000,000 75%. 1. 30,000,000 30,000,000 25% 6,000,000 6,000,000 36,000,000 36,000,000 25%. 120,000,000 120,000,000 100% 24,000,000 24,000,000 144,000,000 144,0000,00 100% 124

22. 2004 4 26 2003 2003 120,000,000 10 2 2,400 12,000 14,400 2004 11 29 XYZH/A204132 2004 12 6 1100001511925 14,400 23. 842,924,400-24,000,000 ( 1) 818,924,400 20,148,153 - - 20,148,153 5,265,200 8,783,812 ( 2) - 14,049,012 868,337,753 8,783,812 24,000,000 853,121,565 1 22 2. i) 2004 11 3,825,000 [2001]2395 125

126 23. ii) 2004 8 3 96% 3,000 28,800,000 2004 12 31 28,000,000 800,000 iii) 2004 4 30 60% 11 256,007 146,007 68% 99,284 iv) 2004 5 17 2004 100,000,000 2004 6 17 2004 6 23 2004 6 28 100,000,000 2004 6 17 2004 9,338,500 34 4,059,028 2

24. 2004 2003 43,935,803 32,699,016-11,236,787-6,944,139 7,491,191-3,472,069 3,745,596 54,352,011 43,935,803 2005 3 25 2004 2004 10% 5% 25. 2004 81,667,157 69,441,387 10,416,208 6,944,139 3,472,069 26 45,000,000 95,692,336 127

26. 2003 12 31 33,750,000 45,000,000 11,250,000 15,000,000 45,000,000 60,000,000 2004 4 26 2003 2003 120,000,000 10 3.75 45,000,000 33,750,000 11,250,000 2004 5 128

27. 2004 2003 532,604,561 474,969,841 ERP 488,374,410 420,982,603 44,230,151 53,987,238 168,081,474 106,311,721 25,185,700 20,291,370 725,871,735 601,572,932 2004 2003 454,925,207 411,812,071 ERP 423,559,564 365,784,537 31,365,643 46,027,534 102,834,394 68,115,905 19,679,390 16,171,073 577,438,991 496,099,049 2004 13,527,199 2% 129

28. 2004 2003 3-5% 7,379,471 5,148,966 巿 1-7% 6,437,918 5,545,279 3-4% 2,878,194 2,502,062 219,569 213,010 16,915,152 13,409,317 2004 2003 3-5% 4,790,691 3,284,258 巿 7% 5,655,647 4,942,725 3-4% 2,492,993 2,192,938 140,427 100,128 13,079,758 10,520,049 29. 30. 2004 2003 : 2004 2003 114,030,530 89,934,342 16% 15% 130

30. 2004 2003 91,087,749 83,999,453 16% 17% 31. 2004 2003 116,397 725,202 (11,665,762) (10,148,188) 538,454 449,341 (11,010,911) ( 8,973,645) 2004 2003 114,177 629,894 (10,409,475 ) ( 9,708,913 ) 213,934 419,871 (10,081,364 ) ( 8,659,148 ) 131

32. 2004 2003 30,423 48,979 52,320 9,298 53,223 179,534 135,966 237,811 2004 2003 21,634 44,303 811 8,873 5,956 159,330 28,401 212,506 33. 2004 2003-1,000,000-1,000,000 ( 21 1) 56,186,261 47,774,934 ( 1) 450,000 - ( 2) 300,000-56,936,261 49,774,934 2004 2003-1,000,000-1,000,000 ( 21 1) 52,162,752 46,293,735 ( 1) 450,000-52,612,752 48,293,735 132

33. 1. 2004 450,000 [2004]81 [2004]740 2. 2004 300,000 34. /( ) 2004 2003 - ( 2,560,109 ) ( 9(ii)) 471,600 87,165 ( 9(iii)) ( 4,825,011 ) ( 4,652,513 ) ( 9(i)) ( 2,599,000 ) ( 6,431,000 ) ( 9(iii)) - ( 382,200 ) ( 10 ) - ( 2,152,072 ) - 8,612,908 ( 2) ( 1,065,970 ) ( 3,973,567 ) 1 4,633,333 - ( 2(i)) ( 9,338,500 ) - 1,147,117 - - 490,348 (11,576,431 ) (10,961,040 ) 133

34. /( ) 2004 2003 - ( 2,591,662 ) ( 9(ii)) 471,600 87,165 (24,513,350 ) ( 9,289,534 ) ( 9(iii)) ( 4,825,011 ) ( 4,652,513 ) ( 9(i)) ( 2,599,000 ) ( 6,431,000 ) ( 9(iii)) - ( 382,200 ) ( 10 ) - ( 2,152,072 ) - 8,612,908 ( 2) ( 1,065,970 ) ( 3,973,567 ) ( 1) 4,633,333 - - 490,348 ( 2(i)) ( 9,338,500 ) - 1,147,116 - (36,089,782 ) (20,282,127 ) 1. 2004 4,533,333 100,000 134

35. 2004 2003 275,768 255,822 497,581 77,942-10,774 30,267 215,466 803,616 560,004 2004 2003 227,169 228,574 231,124 77,922-10,774 24,266 17,244 482,559 334,514 36. 2004 2003 14,688,217 16,270,237 12,882,903 15,761,289 5 135

37. 2004 2003 57,118,423 69,270,452 50,582,714 31,207,974 35,617,240 26,379,674 17,392,875 21,587,603 13,467,455 10,905,400 12,899,144 6,942,822 3,616,359 3,763,033 2004 2003 46,621,654 61,954,387 33,043,319 23,717,122 25,177,253 18,165,827 11,885,152 18,148,281 9,820,496 7,661,306 8,472,744 5,278,253 2,865,663 2,648,252 136

2004 2003 2004 2003 2004 2003 248,994,895 215,103,007 35,579,195 24,571,266 213,415,700 190,531,741 223,011,727 179,751,947 11,814,902 7,059,329 211,196,825 172,692,618 167,258,796 132,766,412 10,882,147 8,095,850 156,376,649 124,670,562 69,691,165 60,542,249 3,907,451 2,692,543 65,783,714 57,849,706 708,956,583 588,163,615 62,183,695 42,418,988 646,772,888 545,744,627 2004 2003 2004 2003 2004 2003 226,658,776 205,995,605 29,653,153 17,807,208 197,005,623 188,188,397 199,298,631 169,902,038 8,834,289 6,226,483 190,464,342 163,675,555 83,041,096 58,008,060 2,694,458 1,766,162 80,346,638 56,241,898 55,360,730 51,673,297 2,989,544 2,311,973 52,371,186 49,361,324 564,359,233 485,579,000 44,171,444 28,111,826 520,187,789 457,467,174 137

138 1. 巿 巿 ( ) 巿 ( ) 巿 巿 巿 巿 巿 巿 ( )

139 1. 巿 UF INTERNA- TIONAL WECOO UF GLOBAL ( )

140 1. 37.5% 7.5% 18.75% /

2. 85,000,000 25,000,000 25,000,000 800,000 1,000,000 500,000 500,000 500,001 1,200,000 UF INTERNATIONA L WECOO 10,000 10,000 980,000 3,000,000 980,000 1,333,334 UF GLOBAL 10,000 2 50,000,000 500,000 500,000 1,100,000 26,700,000 ( 1) 2,500,000 1,050,000 30,000,000 2,500,000 1,050,000 30,000,000 ( 2) ( 2) ( 3) 141

3. % % % 2003 12 31 45,000,000 37.50 9,000,000 7.50 22,500,000 18.75 9,000,000-1,800,000-4,500,000 - - - - - - - 54,000,000 37.50 10,800,000 7.50 27,000,000 18.75 % % % % % % 655,000 82 900,000 90 475,000 95 495,000 99 450,001 90 984,000 82 UF INTERNAT -IONAL WECOO % % % % % % 10,000 100 10,000 100 980,000 100 2,100,000 70 980,000 100 1,000,000 75 UF GLOBAL % % % % 10,000 100 2 100 46,875,000 93.75 18,156,000 68 % % % 238,000 47.6 238,000 47.6 523,600 47.6 142

3. % % % 1,020,000 40.8 499,800 47.6 28,800,000 96 1,020,000 40.8 499,800 47.6 28,800,000 96 ( 2) ( 2) ( 3) 1. 9 12 2. 2004 3. 2004 4. : 143

5. : 2004 2003 64,000 64,000 80,000 80,000 144,000 144,000 8,848,067 3,678,937 2004 5 17 2004 100,000,000 2004 6 17 2004 6 23 2004 6 28 100,000,000 2004 6 17 2004 9,338,500 34 4,059,028 23 144

5. 2004 2003 2,000,000-2004 4 20 2,000,000 2004 2003 16,875,000 22,500,000 3,375,000 4,500,000 8,437,500 11,250,000 3,375,000 4,500,000 1,687,500 2,250,000 33,750,000 45,000,000 145

5. 2004 2003 901,780 [ 2] 776,328 811,754 726,212 854,827 721,432 1,107,325 672,212 3,328,419 [ 3] 3,511,568 311,880 578,915 449,203 481,606 252,247 224,543 765,953 651,703 397,505 [ 4] 567,612 866,235 618,497 489,768 556,775 890,971 576,127 488,486 452,051-361,524 [ 1] 531,189 462,581 683,786 [ 5] - 354,440 265,773 1 2003 9 2 2004 11 3 2004 11 4 2004 7 5 2004 4 146

5. : 2004 2003 ( 98,910 ) - - ( 5,000 ) (950 ) ( 59,780 ) (150,000 ) - - ( 50,000 ) - ( 6,000 ) (55,503 ) 45,503 (51,460 ) ( 48,540 ) 2003 1 2003 12 31 150,490 2004 4 2004 12 31 51,580 2004 98,910 147

6. 2004 12 31 2003 12 31-51,580 - - 91,170 90,220 - - 150,000 - - 55,503-192,860 - - 50,000 101,460 385,610 397,183 2004 12 31 2003 12 31 2,000,000-2004 4 20 2,000,000 148

2003 12 31 80,700,000 110,700,000 2002 12 27 III 45.52 682.8 2001 157 [2001]589 2002 168 10,098.75 6,971.25 17,070 2004 12 31 90,000,000 12 2004 12 31 80,700,000 2003 12 31 2003 12 31 25,480,755 16,678,395 17,368,098 12,555,656 22,082,908 7,061,058 14,551,292 5,494,380 12,454,061 3,138,130 7,587,355 3,079,796 4,228,322 878,182 4,003,886 878,182 64,246,046 27,755,765 43,510,631 22,008,014 149

150 1. 2005 2 23 30,000,000 180 0.2% 7% 2. 2005 3 25 2005 2004 2004 144,000,000 10 3.2 46,080,000 10 2 28,800,000 2004 34,560,000 11,520,000 2005 3 25

2004 2003. 120,000,000 100,000,000 24,000,000 20,000,000 144,000,000 120,000,000. 868,337,753 883,232,553 8,783,812 5,105,200 ( 24,000,000 ) ( 20,000,000 ) 853,121,565 868,337,753. 29,290,535 21,799,344 6,944,139 7,491,191 6,944,139 7,491,191 36,234,674 29,290,535 36,234,674 29,290,535. 14,645,268 10,899,672 3,472,069 3,745,596 3,472,069 3,745,596 18,117,337 14,645,268. 81,667,157 77,992,033 69,441,387 74,911,911 ( 55,416,208 ) ( 71,236,787 ) 95,692,336 81,667,157 151

2004 2003. 1. - - 2. 115,213,081 100,129,923 8,086-3. 27,496,498 25,165,143 87,724,669 74,964,780 4. - -. 1. 15,006,795 13,939,814 2. 87,724,669 74,964,780 3. 84,733,355 73,897,799 4. 17,998,109 15,006,795 152

3,973,567 1,065,970 3,973,567 1,065,970 3,973,567 1,065,970 3,973,567 1,065,970 6,610,913 5,130,764-11,741,677 4,102,186 3,956,864-8,059,050 2,508,727 1,173,900-3,682,627 6,813,200 2,599,000-9,412,200 382,200 - - 382,200 6,431,000 2,599,000-9,030,000 2,152,072 - - 2,152,072 153

3,973,567 1,065,970 3,973,567 1,065,970 3,973,567 1,065,970 3,973,567 1,065,970 3,937,133 2,889,146-6,826,279 2,151,650 2,071,583-4,223,233 1,785,483 817,563-2,603,046 6,813,200 2,599,000-9,412,200 382,200 - - 382,200 6,431,000 2,599,000-9,030,000 2,152,072 - - 2,152,072 154

155