WHITE DOVE(GROUP) COMPANY LIMITED 2

WHITE DOVE(GROUP) COMPANY LIMITED 1

WHITE DOVE(GROUP) COMPANY LIMITED 2

03 04 06 10 16 18 19 29 30 37 37 38 45 74 WHITE DOVE(GROUP) COMPANY LIMITED 3

WHITEDOVE(GROUP)CO.,LTD 0371 67196011 zjh@wdg.com.cn 0371 67198530 maxf@wdg.com.cn 78 0371 67611770 78 450007 wdg@wdg.com.cn http://www.wdg.com.cn/ http://www.cninfo.com.cn/ 000544 1993 12 1 78 4100001001077 41010216996944 X 158 WHITE DOVE(GROUP) COMPANY LIMITED 4

23,798,536.59 23,056,111.30 18,704,818.23 128,513,324.22 1,454,680.56 13,265,988.62-7,931,462.49 6,942,215.36 11,521,795.10 31,198,685.01 3,597,551.98 ( ) 1,433,159.06 12,954,954.16 1,362,639.24-7,931,462.49 198,904.60 402,774.18 4,351,293.07 2004 2003 2002 50,017.56 52,785.64 50,778.33 ( ) 2,305.61 3,960.40-60,08.07 WHITE DOVE(GROUP) COMPANY LIMITED 5

( ) 94,503.83 93,298.27 111,010.69 ( ) 32,173.39 29,643.34 519.91 ( ) 0.086 0.147-0.22 ( ) 1.19 1.1 0.02 ( ) 1.18 1.086-0.13 ( ) 0.116 0.065-0.05 7.17 13.36-1155.59 39.94% 41.58% 0.4769 0.4769 4.12% 4.29% 0.0492 0.0492 7.17% 7.46% 0.0856 0.0856 5.81% 6.05% 0.0694 0.0694 269,459,799 467,597,537.32 21,970,523.38 10,985,261.69-462,594,453.38 296,433,406.32 2,244,402.45 23,056,111.30 1 269,459,799 469,841,939.77 21,970,523.38 10,985,261.69-439,538,342.08 321,733,920.07 WHITE DOVE(GROUP) COMPANY LIMITED 6

1,950,309.41 137,226.80 156,866.24 2 23,056,111.30 1 2004 12 31 1 92,536,432 - - - - - - 92,536,432 68,181,818 - - - - - - 68,181,818 2 3 4 160,718,250 160,718,250 1 108,741,549 - - - - - - 108,741,549 2 3 4 108,741,549 - - - - - - 108,741,549 269,459,799 - - - - - - 269,459,799 WHITE DOVE(GROUP) COMPANY LIMITED 7

2 269,459,799 1 2004 12 31 39,754 2 1 39,751 2 2004 12 31 ( ) ( ) (%) ( ) ( ) 68,181,818 25.30 31,430,000 61,106,432 22.68 53,536,432 31,430,000 31,430,000 11.66-28,400 444,049 0.165 300,000 0.111 288,000 0.107 285,000 0.106 269,900 0.100 256,120 0.095 250,000 0.093 : WHITE DOVE(GROUP) COMPANY LIMITED 8

40 61,106,432 43.13% 3 34.34% 43.13% 100% 25.3% 22.68% 11.66% 4 1997 12 8 8,400 WHITE DOVE(GROUP) COMPANY LIMITED 9

5 10 a. 1998 7 29 2001 8 43.13% 61,148.35 b. 1,798 6 2004 12 31 A B H 444,049 A 300,000 A 288,000 A 285,000 A 269,900 A 256,120 A 250,000 A 250,000 A 250,000 A 227,800 A WHITE DOVE(GROUP) COMPANY LIMITED 10

( ) 2004 2 8 54 2004.2-2007.2 42 2004.2-2007.2 47 2004.2-2007.2 44 2004.2-2007.2 42 2004.2-2007.2 53 2004.2-2007.2 42 2004.2-2007.2 42 2004.2-2007.2 38 2004.2-2007.2 37 2004.2-2007.2 56 2004.2-2007.2 42 2004.2-2007.2 40 2004.2-2007.2 36 2004.2-2007.2 51 2004.2-2007.2 53 2004.2-2007.2 42 2003.10-2006.10 39 2003.10-2006.10 39 2002.3-2005.3 WHITE DOVE(GROUP) COMPANY LIMITED 11

37 2003.10-2006.10 31,000 31,000 45 2003.10-2006.10 20,000 20,000 2003.5 1995.5 1997.12 2003.5 2000.8 2002.8 2002.3 2002.5 2002.4 2002.5 1996.11 2002.6 2002.3 1 WHITE DOVE(GROUP) COMPANY LIMITED 12

1997 WHITE DOVE(GROUP) COMPANY LIMITED 13

2 1968 2 3 WHITE DOVE(GROUP) COMPANY LIMITED 14

2002 2001 WHITE DOVE(GROUP) COMPANY LIMITED 15

1 2003 2 556,680 126,154 79,580 3 2003 36,000 4 50000 1 40000 30000 5 30000 20000 9 20000 10000 2 5 WHITE DOVE(GROUP) COMPANY LIMITED 16

1,721 1,059 84 276 39 263 94 272 WHITE DOVE(GROUP) COMPANY LIMITED 17

1 6 6 0 0 6 6 0 0 6 6 0 0 2 1 2 3 4 5 6 WHITE DOVE(GROUP) COMPANY LIMITED 18

2003 1 2004 2 8 2004 1 7 2004 2 8 160,718,250 59.64% 2 1) 2) 3 2004 2 10 4 2003 1 2004 4 17 2004 5 21 9 00 160,718,250, 59.64% 2 1) 2003 2) 2003 3) 2003 WHITE DOVE(GROUP) COMPANY LIMITED 19

4) 2003 5) 2003 6) 7) 8) 3 2004 5 22 ISO9001 2000 2,306 3,960 1,654 41.77% 1,870 257 1,613 627.63% 3,120 1,738 1,382 79.51 360-1,739 2,099 ( ) 1 ( ) ( ) (%) (%) (%) WHITE DOVE(GROUP) COMPANY LIMITED 20

426,637,827.23 316,916,971.14 25.72-10.5-9.27 1 73,537,744.43 52,171,390.49 29.05 835.79 767.3 5.6 500,175,571.66 369,088,361.63 26.21-5.24-5.38 0.11 3,673.14 183,051,978.29 137,859,106.66 24.69-10.25-6.08 3.35 137,440,548.19 88,985,510.46 35.26 106,145,300.75 90,072,354.02 15.14 73,537,744.43 52,171,390.49 29.05 835.79 767.3 5.6 500,175,571.66 369,088,361.63 26.21-5.24-5.38 0.11 3,673.14 26.49% 0.76 2 355,356,745.64 252,017,863.44 103,338,882.20 29.08 40,998,594.24 36,973,029.02 4,025,565.22 9.82 91,963,809.19 72,812,454.15 19,151,355.04 20.82 18,394,347.53 15,724,897.31 2,669,450.22 14.51-6,537,924.94-8,439,882.29 1,901,957.35 500,175,571.66 369,088,361.63 131,087,210.03 26.21 3 WHITE DOVE(GROUP) COMPANY LIMITED 21

10% 1 4 2003 7 29 2003 12 20 5.6 3.35 ( ) 1 2003 2,000 4,269 16,697 171 80 2 2001 50 2003 12 11 80 1,000 2,702-33 3 370,000 1,906.3 1,521.8, 0.41 WHITE DOVE(GROUP) COMPANY LIMITED 22

4 7,474.93 5,796.9 40.89-995.6-641.43 ( ) 30,876,018.60 47.18 29,613,360.48 10.09 ( ) 1 2 2,000 80% 2004 8 WHITE DOVE(GROUP) COMPANY LIMITED 23

2004 12 31 2003 12 31 945,038,323.04 932,982,663.88 1.29 321,733,920.07 296,433,406.32 8.53 128,513,324.22 135,468,546.02-5.13 23,056,111.30 39,604,003.26-41.78 3,597,551.98-17,390,630.18 120.69 1 2 8.53 2,305.6 224.4 3 5.13 4 41.78 a. 1,446.1 1,842.5 1,090.4 b. 1,340.8 9 2,037.2 1,666.4 696 382 5 120.69 1,381.8 3,400.1 ( ) 1 2004 2 8 9 7 2 WHITE DOVE(GROUP) COMPANY LIMITED 24

1 2 3 4 5 6 2004 2 10 2 2004 3 24 9 6 2 1 1 2003 2 2003 3 2003 4 2003 5 6 7 2004 3 27 3 2004 4 14 9 8 1 1 2 2003 3 4 5 6 WHITE DOVE(GROUP) COMPANY LIMITED 25

7 2004 5 21 2003 2004 4 17 4 2004 8 10 9 6 2 1 2004 8 12 5 2004 10 15 9 8 1 1 2 2004 10 19 6 2004 10 29 5 85 2004 11 2 ( ) WHITE DOVE(GROUP) COMPANY LIMITED 26

1 2004 2 8 2 2003 39,604,003.26-502,198,456.64-462,594,453.38 2003 2003 3 2004 23,056,111.30-462,594,453.38-439,538,342.08, 1.19 23,056,111.30-439,538,342.08 ( ) ( ) WHITE DOVE(GROUP) COMPANY LIMITED 27

2005 086 2004 12 31 2005 016 [2003]56 1 2 2004 12 31 A % % 35.06 0.18 5,960.48 31.32 425.77 21.42 140.21 7.62 140.21 9.26 46.14 1.28 B 3 2004 12 31 WHITE DOVE(GROUP) COMPANY LIMITED 28

105.00 158 OO ( ) [2003]56 1 15,755 48.97% 2 12,050 13,099 1,049 3 105 0.33% 140 105 4 3,600 5 WHITE DOVE(GROUP) COMPANY LIMITED 29

1 2004 2 8 5 5 2 2004 3 24 5 5 2003 2003 2003 3 2004 8 10 5 4 1 4 2004 10 15 5 4 1 5 1 2 2004 3 2004 10 15 WHITE DOVE(GROUP) COMPANY LIMITED 30

4 1 2001 3 12 1997 9 4,000 2001 12 3,997.8 2003 8 12 1,533 5,000 2003 8 26 1 3,997.80 2001 3 23 2003 8 23 439.35 4437.15 2 2003 8 26 2004 8 31 3 4 5 1,000 5,000 5 1,533 1,533 2004 12 10 2003 8 16 2003 9 30 2004 12 15 www.cninfo.com.cn 2 WHITE DOVE(GROUP) COMPANY LIMITED 31

1993 11 20 170 1993 12 28 1999 4 1,019,803 1999 4 2000 3 8 1,019,803 1993 11 22 1993 12 28 24,355 2001 9 11 395,000 624,803 2004 11 30 2001 302 11 2004 11 24 2004 11 30 521,591 2004 12 3 www.cninfo.com.cn 3 2,586 2001 11 6 1,600 2001 300 2002 2006 260 4 1993 5 380 2003 1 6 29,726,928.18 2003 4 18 WHITE DOVE(GROUP) COMPANY LIMITED 32

2003 3 28 www.cninfo.com.cn 1 2004 2003 2004 2003 252.05 0.65% 2 2004 2003 2004 2003 222.23 37.40% 998.98 246.89 97.33% 23.50% 2,451.93 4.90% a. b. c. WHITE DOVE(GROUP) COMPANY LIMITED 33

2004 10 29 85% 1,910,309.41 2004 7 31 85% 1,910,309.41 a 2004 7 31 85% b 92,536,432 34.34% 100% 1-3,630.11 5,042.19-2,968.76 6,711.61 210.00 210.00-6,388.87 11,963.80 2 WHITE DOVE(GROUP) COMPANY LIMITED 34

2003 10 22 2003 7 1 2005 7 1 50 50 1 12,050 13,099 1,049 2 105 140 105 3 3,600 [2003]56 105 15,755 48.97% 11,259 4,300 4,300 WHITE DOVE(GROUP) COMPANY LIMITED 35

2001 2004 45 1 2003 10 10 4,800.36 1999 53-6 2004 1 2 1999 53-7 92,536,432 1999 53-8 3,900 2004 11 23 1999 53-9 31,430,000 1.89 5,941 2004 12 29 2004 12 8 2004 12 30 www.cninfo.com.cn WHITE DOVE(GROUP) COMPANY LIMITED 36

2 2004 2 5 [2004]28 a 2003 2005 b 2003 1 1 2005 12 31 2003 2005 2003 2 20 2004 5 31 1,107,725.16 WHITE DOVE(GROUP) COMPANY LIMITED 37

(2005) 016 ( )2004 12 31 2004 12 31 158 2005 03 21 WHITE DOVE(GROUP) COMPANY LIMITED 38

: 2004 12 31 2003 12 31 1 30,660,160.95 12,880,983.91 27,062,608.97 15,673,344.32 788,800.00 788,800.00 684,988.00 684,988.00 2/a 161,928,078.73 121,141,235.48 126,230,334.98 109,613,025.36 3/b 10,043,950.70 17,393,360.92 15,280,871.46 8,811,767.86 4 18,411,754.68 13,652,028.10 15,145,026.24 10,001,782.28 1,203,049.18 5 147,217,015.07 120,006,009.26 172,849,252.35 129,259,446.87 6 42,911.84 32,358.84 4,212.00 370,295,721.15 285,894,776.51 357,257,294.00 274,044,354.69 7/c 49,300,813.32 94,806,264.76 59,715,124.91 101,862,911.25 1,176,563.36 1,309,040.82 50,477,376.68 94,806,264.76 61,024,165.73 101,862,911.25 8 661,202,236.72 543,645,103.35 625,960,344.07 552,774,393.82 8 317,351,361.25 296,940,538.82 320,012,715.86 281,077,279.00 343,850,875.47 246,704,564.53 305,947,628.21 271,697,114.82 619,086.55 619,086.55 619,086.55 619,086.55 343,231,788.92 246,085,477.98 305,328,541.66 271,078,028.27 9 1,997,236.87 1,504,153.15 22,078,144.56 1,378,575.15 345,229,025.79 247,589,631.13 327,406,686.22 272,456,603.42 10 179,036,199.42 176,231,993.69 187,294,517.93 180,794,090.10 179,036,199.42 176,231,993.69 187,294,517.93 180,794,090.10 945,038,323.04 804,522,666.09 932,982,663.88 829,157,959.46 WHITE DOVE(GROUP) COMPANY LIMITED 39

: 2004 12 31 2003 12 31 11 187,587,461.31 149,187,461.31 210,968,231.52 182,568,231.52 12 2,680,000.00 2,680,710.50 4,506,557.00 4,506,557.00 13 83,850,057.82 64,907,976.81 87,831,698.99 58,617,581.45 14 36,087,821.13 31,774,502.77 21,462,942.17 16,353,375.65 15 3,678,160.48 3,678,160.48 2,799,307.13 2,799,307.13 7,408,057.67 6,186,809.74 7,252,774.75 6,065,361.28 16 3,553,074.94 3,250,189.10 21,819,981.17 27,945,293.65 17 828,597.62 826,483.02 348,990.23 325,448.34 18 199,813,832.97 201,151,515.04 221,325,537.20 211,959,335.57 19 278,908.61 98,908.61 2,685,505.88 2,685,505.88 20 5,200,000.00 4,430,715.25 330,715.25 530,965,972.55 463,742,717.38 585,432,241.29 514,156,712.72 21 53,999,419.67 10,999,419.67 11,172,571.90 11,172,571.90 22 14,301,335.99 1,841,355.00 16,901,335.99 1,841,355.00 68,300,755.66 12,840,774.67 28,073,907.89 13,013,926.90 5,553,913.52 5,553,913.52 5,553,913.52 5,553,913.52 604,820,641.73 482,137,405.57 619,060,062.70 532,724,553.14 18,483,761.24 17,489,194.86 23 269,459,799.00 269,459,799.00 269,459,799.00 269,459,799.00 269,459,799.00 269,459,799.00 269,459,799.00 269,459,799.00 24 469,841,939.77 469,841,939.77 467,597,537.32 467,597,537.32 25 21,970,523.38 21,970,523.38 21,970,523.38 21,970,523.38 10,985,261.69 10,985,261.69 26-439,538,342.08-438,887,001.63-462,594,453.38-462,594,453.38 321,733,920.07 322,385,260.52 296,433,406.32 296,433,406.32 945,038,323.04 804,522,666.09 932,982,663.88 829,157,959.46 WHITE DOVE(GROUP) COMPANY LIMITED 40

: 2004 2003 27/d 500,175,571.66 293,552,969.04 527,856,425.64 230,509,217.41 27/d 369,088,361.63 202,189,532.18 390,084,853.16 161,687,650.38 28 2,573,885.81 2,405,002.71 2,303,026.46 1,616,093.99 128,513,324.22 88,958,434.15 135,468,546.02 67,205,473.04 29 1,454,680.56 4,095,306.96 5,274,827.57 5,599,167.79 49,341,048.95 26,542,979.58 63,801,666.17 28,696,778.81 56,163,636.27 32,037,837.01 42,755,695.40 17,839,223.24 30 11,197,330.94 9,379,939.40 29,622,049.40 27,256,906.91 13,265,988.62 25,092,985.12 4,563,962.62-988,268.13 31/e -7,931,462.49-7,185,844.09 12,441,128.95 15,898,262.44 32 6,942,215.36 6,727,715.36 23,606,593.62 23,606,593.62 33 12,954,954.16 211,217.63 2,051,222.34 1,964,849.04 34 1,433,159.06 1,007,329.53 811,834.67 681,916.87 23,798,536.59 23,838,744.49 41,851,072.86 39,799,520.10 543,520.69 131,292.74 626,884.42 195,516.84 198,904.60 1,620,185.18 23,056,111.30 23,707,451.75 39,604,003.26 39,604,003.26 2004 2003 1. 12,722,089.73 12,722,089.73 2. 3. ( ) 4. ( ) 5. 322,000.00 322,000.00 6. WHITE DOVE(GROUP) COMPANY LIMITED 41

2004 : 569,311,617.40 361,022,523.09 9,384,844.61 2,666,441.66 352,688.77 581,362,903.67 361,375,211.86 390,055,891.17 204,435,413.63 47,701,872.76 25,737,272.34 31,858,846.55 28,146,477.53 35 80,547,608.18 58,853,242.78 550,164,218.66 317,172,406.28 31,198,685.01 44,202,805.58 50,000.00 8,029.20 8,029.20 24,628,637.74 162,854.12 24,686,666.94 170,883.32 62,869,994.13 3,663,035.58 859,767.28 63,729,761.41 3,663,035.58-39,043,094.47-3,492,152.26 251,481,471.00 148,461,471.00 251,481,471.00 148,461,471.00 228,566,108.69 182,346,108.69 11,429,074.37 9,618,376.04 239,995,183.06 191,964,484.73 11,486,287.94-43,503,013.73-44,326.50 3,597,551.98-2,792,360.41 WHITE DOVE(GROUP) COMPANY LIMITED 42

2004 : 1 23,056,111.30 23,707,451.75 198,904.60 10,037,949.08 9,567,034.36 32,060,672.50 28,190,801.58 4,956,370.64 4,562,096.41-38,699.84-32,358.84-2,406,597.27-2,586,597.27-12,446,521.41 176,352.17 5,823.36 11,470,937.37 9,618,376.04 7,931,462.49 7,185,844.09-3,577,498.71 8,135,215.62-25,521,171.44-32,208,861.37-14,529,057.66-12,112,548.96 31,198,685.01 44,202,805.58 2 3 30,660,160.95 12,880,983.91 27,062,608.97 15,673,344.32 3,597,551.98-2,792,360.41 WHITE DOVE(GROUP) COMPANY LIMITED 43

: : 2004 2003 23,056,111.30 23,707,451.75 39,604,003.26 39,604,003.26-462,594,453.38-462,594,453.38-502,198,456.64-502,198,456.64-439,538,342.08-438,887,001.63-462,594,453.38-462,594,453.38-439,538,342.08-438,887,001.63-462,594,453.38-462,594,453.38-439,538,342.08-438,887,001.63-462,594,453.38-462,594,453.38 2004 39.94% 41.58% 0.4769 0.4769 4.12% 4.29% 0.0492 0.0492 7.17% 7.46% 0.0856 0.0856 5.81% 6.05% 0.0694 0.0694 WHITE DOVE(GROUP) COMPANY LIMITED 44

2004 12 31 : 31,923,564.91 9,671,596.71 3,366,916.33 38,228,245.29 22,762,380.81 8,925,251.94 3,294,359.31 28,393,273.44 9,161,184.10 746,344.77 72,557.02 9,834,971.85 9,283,853.73 1,402,283.82 284,061.83 284,061.83 10,402,075.72 9,283,853.73 1,226,593.29 284,061.83 284,061.83 10,226,385.19 175,690.53 175,690.53 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 619,086.55 619,086.55 619,086.55 619,086.55 WHITE DOVE(GROUP) COMPANY LIMITED 45

1992 [1992]111 A 1993 12 8 1. 2. 1 1 12 31 3. 4. 5. 6. 7. WHITE DOVE(GROUP) COMPANY LIMITED 46

1 2 3 8. 1 2 1 5% 1 2 20% 2 3 40% 3 4 60% 4 5 80% 5 100% 9. 1 2 3 4 5 10. 1 WHITE DOVE(GROUP) COMPANY LIMITED 47

2 3 20% 20% 20% 20% 20% 20% 4 10 5 6 11. 1 2 3 4 4% % 30-40 3.20-2.40 7-28 13.71-3.43 6-12 16.00-8.00 5-12 19.20-8.00 WHITE DOVE(GROUP) COMPANY LIMITED 48

5 6 12. 1 2 3 13. 1 2 3 14. 1 2 3 WHITE DOVE(GROUP) COMPANY LIMITED 49

15. 16. 3 3 17. 1 2 3 18. 19. 20. WHITE DOVE(GROUP) COMPANY LIMITED 50

1995 11 50% 50% 1 17% 13% 2 5 3 7 1% 4 33% 15 5 1 ( ) 4,269.02 1000.00 3,415.21 80.00% 800.00 80.00% 1,587.91 859.00 55.00% 67.76 67.76 100.00% 50.00 50.00 100.00% 500.00 400.00 80.00% 300.00 180.00 60.00% 2 A 2003 WHITE DOVE(GROUP) COMPANY LIMITED 51

B 10 29 2004 10 31 2003 12 31 52,599,920.30 44,854,213.64 8,263,083.31 7,859,164.77 411,698.00 570,028.00 61,274,701.61 53,283,406.41 62,246,396.09 51,628,752.35 62,246,396.09 51,628,752.35-971,694.48 1,654,654.06 2004 1-10 2003 21,232,243.61 29,218,712.40-379,709.31 4,013,344.96-2,626,348.54-656,261.39-2,626,348.54-656,261.39 2004 12 31 1 1,100,002.82 1,084,450.89 3,881.39 1.0657 4,136.40 3,386.39 1.0637 3,602.10 7,383.11 8.2767 61,107.79 3,876.45 8.2765 32,083.44 1,034,758.63 1,048,765.35 25,962,606.15 29,442,413.09 482,785.54 1.0657 514,504.55 415,519.40 1.0637 441,987.98 WHITE DOVE(GROUP) COMPANY LIMITED 52

24,926,527.23 28,767,099.40 133,296.97 27,062,608.97 30,660,160.95 2 (%) (%) 1 119,713,395.87 80.35 5,985,669.79 126,451,572.74 66.44 6,322,578.64 1 2 10,843,741.09 7.28 2,168,748.22 49,145,132.52 25.82 9,829,026.50 2 3 3,673,080.52 2.47 1,469,232.21 3,721,303.50 1.96 1,488,521.40 3 14,762,498.31 9.90 13,138,730.59 11,003,343.41 5.78 10,753,146.90 148,992,715.79 100.00 22,762,380.81 190,321,352.17 100.00 28,393,273.44 5% 5% (%) 68,581,323.83 36.03 3 (%) (%) 1 12,278,329.02 50.24 560,139.74 7,599,831.74 38.23 355,154.71 1 2 792,777.64 3.24 158,555.53 2,780,092.44 13.99 556,018.49 2 3 3,168,845.30 12.96 1,267,538.12 285,124.20 1.43 114,049.68 3 8,202,103.60 33.56 7,174,950.71 9,213,874.17 46.35 8,809,748.97 24,442,055.56 100.00 9,161,184.10 19,878,922.55 100.00 9,834,971.85 5% 5% (%) 6,774,573.42 34.08 % WHITE DOVE(GROUP) COMPANY LIMITED 53

( ) 4,257,746.70 5 21.42 4-5 1,442,975.02 650,000.00 1 273,851.70 5 1 150,000.00 7.26 3.27 1.38 0.75 4 % % 1 11,918,495.61 78.70 12,342,589.19 67.04 1 2 13,821.51 0.09 2,847,176.96 15.46 2 3 2,000,418.17 13.21 9,440.41 0.05 3 1,212,290.95 8.00 3,212,548.12 17.45 15,145,026.24 100.00 18,411,754.68 100.00 5%( 5%) 5 13,243,013.02 18,850,549.78 5,227,453.90 6,158,173.74 11,186,663.74 11,938,644.24 151,956,422.75 120,083,575.18 519,552.67 588,147.85 182,133,106.08 157,619,090.79 175,690.53 175,690.53 9,283,853.73 1,226,593.29 284,061.83 10,226,385.19 9,283,853.73 1,402,283.82 284,061.83 10,402,075.72 WHITE DOVE(GROUP) COMPANY LIMITED 54

6 270,536.39 237,481.35 33,055.04 4,212.00 9,856.80 4,212.00 9,856.80 4,212.00 280,393.19 241,693.35 42,911.84 7 6,160,000.00 1,500,000.00 4,000,000.00 2,160,000.00 1,500,000.00-35,021,834.41 6,414,311.59 28,607,522.82 20,033,290.50 20,033,290.50 61,215,124.91 1,500,000.00 10,414,311.59 50,800,813.32 1,500,000.00 (1) (2) 60.00% 2,160,000.00 2,160,000.00 1,500,000.00 1998-2048 40.89% 30,564,587.00 23,041,572.88 80% 7,308,724.24 -- 0.41% 19,063,601.50 19,063,601.50 0.26% 519,689.00 519,689.00 30.00% 450,000.00 450,000.00 60,066,601.74 45,234,863.38 1,500,000.00 WHITE DOVE(GROUP) COMPANY LIMITED 55

29,329,385.61-6,287,812.73 23,041,572.88 1,421,347.84-1,421,347.84 30,750,733.45-7,709,160.57 23,041,572.88 (3) 6,324,943.10 50 126,498.86 758,993.16 5,565,949.94 (4) 629,352.39 10 62,935.24 78,669.05 550,683.34 695,422.24 10 69,542.22 69,542.22 625,880.02 1,324,774.63 132,477.46 148,211.27 1,176,563.36 8 337,137,038.08 66,865,724.57 26,147,987.18 377,854,775.47 257,612,934.00 17,726,264.60 24,638,537.84 250,700,660.76 19,403,034.31 2,960,909.08 2,838,105.65 19,525,837.74 11,807,337.68 3,308,955.77 1,995,330.70 13,120,962.75 625,960,344.07 90,861,854.02 55,619,961.37 661,202,236.72 136,866,825.14 15,358,457.37 13,142,735.18 139,082,547.33 163,249,217.85 14,886,261.68 19,581,661.77 158,553,817.76 12,689,200.28 1,810,184.19 2,044,839.32 12,454,545.15 7,207,472.59 1,246,607.51 1,193,629.09 7,260,451.01 320,012,715.86 33,301,510.75 35,962,865.36 317,351,361.25 305,947,628.21 343,850,875.47 82,654,512.81 23,638,055.44 14,922,137.81 11,403,860.68 4,300.00 WHITE DOVE(GROUP) COMPANY LIMITED 56

619,086.55 619,086.55 619,086.55 619,086.55-9 20,639,569.4 1 62,555,848.2 0 80,162,630.16 2,754,628.45 278,159.00 98% 60,000.00 982,206.22 827,281.50 214,924.72 1,378,575.15 1,790,179.15 22,078,144.5 65,328,233.5 6 7 1,664,601.15 1,504,153.15 82,654,512.81 2,754,628.45 1,997,236.87 10 6,148,086.65 3,116,474.45 2,738,474.45 63,000.00 3,206,474.89 1,930,000.34 192,981.36 3,094,612.2 0 1,469,455.9 1 660,000.00 198,000.00 198,000.00 462,000.00 1 6,655,572.56 5,324,458.05 133,111.45 1,464,225.9 6 315,000.00 5 1,737,018.98 9 5,191,346.60 39 173,800,000.0 171,989,583.3 4,344,999. 6,155,416.6 167,644,583.3 2 0 5 96 1 9 38.58 3,290,625.00 2,764,134.08 65,812.50 592,303.42 2,698,321.58 41 850,300.00 714,748.12 17,006.00 152,557.88 697,742.12 41.02 1,240,000.00 372,028.00 372,028.00 867,972.00 1,338,480.00 656,568.00 75,768.00 757,680.00 580,800.00 7.66 496,804.00 227,357.04 5,500.00 61,470.29 325,417.25 171,386.75 2.78 2,000.00 1,166.50 1,166.50 2,000.00 197,688,343.1 0 187,294,517.9 3 5,500.00 3,308,502.45 4,955,316. 06 15,343,641. 23 179,036,199.4 2 WHITE DOVE(GROUP) COMPANY LIMITED 57

1 2 11 150,293,564.52 112,590,695.00 41,684,847.00 74,106,946.31 18,989,820.00 889,820.00 210,968,231.52 187,587,461.31 889,820.00 2.80% 112,590,695 3600 12 4,506,557.00 2,680,000.00 5%( 5%) 13 87,831,698.99 83,850,057.82 5%( 5%) 14 21,462,942.17 36,087,821.13 5%( 5%) WHITE DOVE(GROUP) COMPANY LIMITED 58

( ) 15 2,799,307.13 3,678,160.48 16 17% 13% 987,272.29 7% 1% 186,890.23 33% 15% 1,893,115.66 1.20 75,080.59 359,478.20 51,237.97 3,553,074.94 17 3% 762,476.58 66,121.04 828,597.62 18 221,325,537.20 199,813,832.97 5% ( ) WHITE DOVE(GROUP) COMPANY LIMITED 59

67,116,111.29 1 50,421,870.65 1 6,000,000.00 1 2,100,000.00 1 19 11,449.57 11,449.57 180,000.00 250,000.00 2,303,120.81 120,935.50 87,459.04 2,685,505.88 278,908.61 20 2,600,000.00 2004.12.31 7.40% 2,600,000.00 2005.12.31 7.40% 5,200,000.00 3 21 11,172,571.90 10,999,419.67 43,000,000.00 11,172,571.90 53,999,419.67 WHITE DOVE(GROUP) COMPANY LIMITED 60

4300 22 2002-2006 25,859,980.99 12,459,980.99 2002-2004 1,841,355.00 25,859,980.99 14,301,335.99 3 23 92,536,432.00 92,536,432.00 68,181,818.00 68,181,818.00 160,718,250.00 160,718,250.00 108,741,549.00 108,741,549.00 269,459,799.00 269,459,799.00 24 107,245,538.55 107,245,538.55 47,462,854.00 47,462,854.00 11,276,127.46 137,226.80 11,413,354.26 9,608,236.97 156,866.24 9,765,103.21 2,697,041.70 2,697,041.70 WHITE DOVE(GROUP) COMPANY LIMITED 61

238,942,426.51 1,950,309.41 240,892,735.92 538,032.09 538,032.09 49,827,280.04 49,827,280.04 467,597,537.32 2,244,402.45 469,841,939.77 1,950,309.41 ( ) 25 10,985,261.69 10,985,261.69 10,985,261.69 10,985,261.69 21,970,523.38 21,970,523.38 26-462,594,453.38 23,056,111.30-439,538,342.08 27 426,637,827.2 476,675,028.7 316,916,971.1 349,308,053.9 109,720,856.0 127,366,974.7 3 6 4 9 9 7 73,537,744.43 7,858,366.53 52,171,390.49 6,015,379.11 21,366,353.94 1,842,987.42 43,323,030.35 34,761,420.06 8,561,610.29 500,175,571.6 6 527,856,425.6 4 369,088,361.6 3 390,084,853.1 6 131,087,210.0 3 137,771,572.4 8 WHITE DOVE(GROUP) COMPANY LIMITED 62

355,356,745.6 4 259,747,740.6 9 252,017,863.4 4 182,126,759.4 2 103,338,882.2 0 77,620,981.27 40,998,594.24 50,356,487.41 36,973,029.02 42,660,727.56 4,025,565.22 7,695,759.85 91,963,809.19 185,469,758.2 8 72,812,454.15 139,592,763.1 3 19,151,355.04 45,876,995.15 18,394,347.53 51,038,306.29 15,724,897.31 44,460,470.08 2,669,450.22 6,577,836.21-6,537,924.94-18,755,867.03-8,439,882.29-18,755,867.0 3 500,175,571.6 6 527,856,425.6 4 369,088,361.6 3 390,084,853.1 6 1,901,957.35 131,087,210.0 3 137,771,572.4 8 29,613,360.48 5.92% 28 1,714,285.35 7% 1% 1,503,659.74 7% 1% 764,647.24 3% 773,704.04 3% 94,953.22 25,662.68 2,573,885.81 2,303,026.46 29 5,942,068.61 5,622,308.70 4,347,093.63 865,846.01 9,989,783.61 10,915,304.29 14,407,408.26 13,796,289.92 1,482,591.91 1,161,130.54 2,404,320.36 1,305,188.30 898,478.00 144,738.86 123,000.00 31,298.44 1,299,380.61 314,139.79 364,668.14 373,040.15 WHITE DOVE(GROUP) COMPANY LIMITED 63

19,612,302.74 18,157,622.18 21,646,490.39 16,371,662.82 30 11,303,474.99 29,240,178.45 781,805.87 213,509.49 226,704.36 235,002.51 448,957.46 360,377.93 11,197,330.94 29,622,049.40 31-7,931,462.49 ( ) -7,730,515.37-258,976.32 58,029.20-7,931,462.49 32 5,365,076.12 1 580,322.36 2 782,316.88 2 WHITE DOVE(GROUP) COMPANY LIMITED 64

214,500.00 3 6,942,215.36 1 [2004]28 2 [2004] 12 2003 3 [1998]28 [1999]256 33 90,450.00 1,945,709.17 107,965.50 21,357.00 12,739,903.98 16,634.68 84,156.17 12,954,954.16 2,051,222.34 34 212,466.69 106,737.41 489,804.09 303,597.86 117,857.83 328,155.59 322,000.00 291,030.45 73,343.81 1,433,159.06 811,834.67 35 WHITE DOVE(GROUP) COMPANY LIMITED 65

80,547,608.18 a % % 1 103,565,088.90 81.94 3,607,000.09 83,353,543.19 56.97 4,167,677.16 1 2 7,861,337.50 6.21 1,572,267.50 47,919,240.68 32.76 9,583,848.14 2 3 3,145,514.97 2.49 1,258,205.99 3,220,961.17 2.20 1,288,384.47 3 11,833,300.91 9.36 10,354,743.34 11,812,539.27 8.07 10,125,139.06 126,405,242.28 100.00 16,792,216.92 146,306,284.31 100.00 25,165,048.83 5%( 5%) (%) 68,581,323.83 46.88 b % % 1 6,142,072.93 37.43 308,096.15 10,824,555.78 43.18 269,930.77 1 2 447,073.06 2.72 89,414.61 6,757,428.26 26.96 487,892.07 2 3 2,809,993.60 17.12 1,123,997.44 275,124.20 1.10 110,049.68 3 7,011,472.86 42.73 6,077,336.39 7,211,077.73 28.76 6,806,952.53 16,410,612.45 100.00 7,598,844.59 25,068,185.97 100.00 7,674,825.05 5% (%) 5,270,842.45 21.03 ( ) 4,257,746.70 5 16.98% 650,000.00 1 2.59% 150,000.00 1 0.60% WHITE DOVE(GROUP) COMPANY LIMITED 66

143,549.75 1 0.57% 69,546.00 1 0.28% c 48,757,786.34 1,500,000.00 1,483,934.06 2,126,268.96 48,115,451.44 1,500,000.00 35,021,834.41 6,414,311.59 28,607,522.82 19,583,290.50 19,583,290.50 103,362,911.25 1,500,000.00 1,483,934.06 8,540,580.55 96,306,264.76 1,500,000.00 (1) (2) 80.00% 33,522,775.97 35,205,791.04 80.00% 6,145,540.70 5,879,581.51 80.00% 4,000,000.00 3,693,515.53 ( ) 85.00% 7,308,724.24 60.00% 2,160,000.00 2,160,000.00 1,500,000.00 40.89% 30,564,587.00 23,041,572.88 0.41% 19,063,601.50 19,063,601.50 0.26% 519,689.00 519,689.00 103,284,918.41 89,563,751.46 1,500,000.00 (3) 33,721,856.98 1,483,934.06 35,205,791.04 6,145,540.70-265,959.19 5,879,581.51 4,000,000.00-306,484.47 3,693,515.53 ( ) 1,421,347.84-1,421,347.84 29,329,385.61-6,287,812.73 23,041,572.88 74,618,131.13-6,797,670.17 67,820,460.96 (4) WHITE DOVE(GROUP) COMPANY LIMITED 67

629,352.39 10 62,935.24 78,669.05 550,683.34 695,422.24 10 69,542.22 69,542.22 625,880.02 6,324,943.10 50 126,498.86 758,993.16 5,565,949.94 7,649,717.73 258,976.32 907,204.43 6,742,513.30 d 220,015,224.6 1 222,650,850.8 8 150,018,141.6 9 155,672,271.2 7 69,997,082.92 66,978,579.61 73,537,744.43 7,858,366.53 52,171,390.49 6,015,379.11 21,366,353.94 1,842,987.42 293,552,969.0 4 230,509,217.4 1 202,189,532.1 8 161,687,650.3 8 29,613,360.48 10.09% 91,363,436.86 68,821,567.03 e -7,185,844.09 ( ) -6,934,896.97-258,976.32 8,029.20-7,185,844.09 WHITE DOVE(GROUP) COMPANY LIMITED 68

( ) 1 2 61,148.35 61,148.35 8,400.00 8,400.00 1,000.00 1,000.00 500.00 500.00 4,269.02 4,269.02 1,587.91 1,587.91 67.76 67.76 50.00 50.00 300.00 300.00 3 ( ) 9,253.64 34.34% 3,143.00 11.66% 6,100.64 22.68% 6,818.18 25.30% 6,818.18 25.30% WHITE DOVE(GROUP) COMPANY LIMITED 69

800.00 80.00% 400.00 80.00% 800.00 400.00 80.00% 80.00% 3,352.28 80.00% 3,352.28 80.00% 821.30 55.00% 821.30 100.00 67.76 % 67.76 100.00 50.00 50.00 % 55.00% 100.00 % 100.00 % 180.00 60.00% 180.00 60.00% 4 ( ) 3 2004 2003 2004 2003 252.05 0.65% 4 2004 2003 2004 2003 222.23 37.40% 998.98 246.89 97.33% 23.50% 2,451.93 4.90% WHITE DOVE(GROUP) COMPANY LIMITED 70

3 2003 6 30 ( ) 2003 7 1 2005 7 1 2.57% 50.00 2004 50.00 ( ) 35.06 0.18% 5,960.48 31.32% 425.77 21.42% 140.21 7.62% 140.21 9.26% 46.14 1.28% 5,042.19 25.23% 1,412.08 6.38% 6,711.61 33.59% 9,680.37 43.74% 210.00 1.05% ( ) 2004 10 29 85% 1,910,309.41 1,910,309.41 ( ) 105 11,259 4,300.00 4,300 WHITE DOVE(GROUP) COMPANY LIMITED 71

1 (1) 12,050.00 (2) 3,600.00 2 1993 5 26 380 1994 12 3,393,479.44 2,689,960.80 2003 3 12 29,726,928.18 5,000 1 ( ) 2003 10 10 4,800.36 1999 53-6 WHITE DOVE(GROUP) COMPANY LIMITED 72

2004 1 2 1999 53-7 92,536,432 1999 53-8 3,900 2004 11 6 2004 11 23 1999 53-9 3,143 1.89 5,941 2004 2 29 3,143 11.66% 6,110.64 22.68% 6,818.18 25.30% 2 2000 9 4000 2001 3 12 3 23 3,997.8 2001 11 8 2001 12 3,997.8 2003 8 26 ( ) 2003 12 25 2000 ( ) 2004 3 31 1500 ( ) 2004 8 31 5.5% ( ) 5 WHITE DOVE(GROUP) COMPANY LIMITED 73

3 2,586 2001 11 6 1600 2001 300 2002 2006 260 3 4 1993 11 20 170 1993 12 28 1999 4 1,019,803 2000 3 8 1,019,803 24,355 2003 395,000 624,803 2004 11 30 5 23,056,111.30 1,433,159.06 : 12,954,954.16 : 1,362,639.24 : -7,931,462.49 198,904.60 : 402,774.18 18,704,818.23 WHITE DOVE(GROUP) COMPANY LIMITED 74

1 2004 2 3 4 2003 WHITE DOVE(GROUP) COMPANY LIMITED 75