QINGDAO AUCMA COMPANY LIMITED

2003

QINGDAO AUCMA COMPANY LIMITED 2003 2003

QINGDAO AUCMA COMPANY LIMITED 3 4 6 8 10 12 14 25 26 30 63

QINGDAO AUCMA COMPANY LIMITED QINGDAO AUCMA COMPANY LIMITED AUCMA 315 0532-6765129 0532-6765129 sunwu@aucma.com.cn 0532-6765129 0532-6765129 wanghy@aucma.com.cn 315 315 266510 http://www.aucma.com.cn dmb@aucma.com.cn http://www.sse.com.cn 600336 19981228 3702001805678 370211163621493 39 26-27 3

QINGDAO AUCMA COMPANY LIMITED 4 20382181.39 20651443.83 7213450.12 337638894.48 2195855.36 3009484.41 17918687.83 0.00-545990.85 7849679.55 121985116.29 1640614.98-2186605.83 30053.57 69259.20 16198000.00-1241917.55 1300000.00 15809404.37 ( 15%) 2371410.66 13437993.71 2003 2002 2001( ) 2001( ) 1836499106.06 1666306889.73 1063127740.68 1063127740.68 20651443.83 34256922.02 42812964.53 45153522.93 3688135102.99 3219548337.19 3201788460.43 3202097655.75 1212108685.70 1197155641.68 1185606797.38 1187947355.78 0.0606 0.1004 0.1255 0.1324 0.0606 0.1004 0.1255 0.1324 3.55 3.51 3.48 3.48 3.50 3.42 3.45 3.47 0.02 0.52 0.32 0.32

QINGDAO AUCMA COMPANY LIMITED % 1.70 2.86 3.61 3.80 % 1.71 2.88 3.63 3.83 0.60 2.96 2.93 3.12 (%) % / 27.86 28.03 0.9900 0.9900 0.25 0.25 0.0088 0.0088 1.70 1.71 0.0606 0.0606 0.60 0.60 0.0212 0.0212 341036000 842967162.68 16577175.62 8288587.81-12763929.98 1050645.55 1197155641.68 2765309.86 1382654.93-5698399.81 16503479.04 14953044.02 341036000 842967162.68 19342485.48 9671242.74-18462329.79 17554124.59 1212108685.70 2003 20651443.83 10% 2765309.86 5% 1382654.93 16503479.04 1050645.55 17554124.59 2003 10 0.5( ) 17051800 502324.59 500 80% 20% 100% 2002 17763929.98 5000000.00 12763929.98 2003 5698399.81 5698399.81 5

QINGDAO AUCMA COMPANY LIMITED 1 251,036,000 251,036,000 249,336,000 249,336,000 1,700,000 1,700,000 2 3 4 251,036,000 251,036,000 1 90,000,000 90,000,000 2 3 4 90,000,000 90,000,000 341,036,000 341036,000 [2000]166 20001213 9,000 9.10 20001229 1 20031231, 57850 2 10 1-1000000 248336000 72.82% 346 6

QINGDAO AUCMA COMPANY LIMITED 2 1000000 1000000 0.29% 3 0 340000 0.10% 4 0 340000 0.10% 5 0 340000 0.10% 6 0 340000 0.10% 7 0 340000 0.10% 8-20000 298759 0.09% 9 ( ) -30000 235750 0.07% 10 0 168680 0.05% 2003825 100 20031024 150 2004129 150 2003 2003 4 1 196 2003 5 12 34 2003 5 15 34 3 1993118 7118 4 1 298759 A 2 ( ) 235750 A 3 168680 A 4 168600 A 5 140000 A 6 127987 A 7 127500 A 8 122195 A 9 120085 A 10 114100 A 7

QINGDAO AUCMA COMPANY LIMITED 1 49 2002.5-2005.5 0 0 1993.1 39 2002.5-2005.5 0 0 2002.10 53 2002.5-2005.5 0 0 1998.10 46 2002.5-2005.5 0 0 1998.10 35 2002.5-2005.5 0 0 -- 31 2002.5-2005.5 0 0 -- 42 2002.5-2005.5 0 0 -- 40 2002.5-2005.5 0 0 -- 37 2002.5-2005.5 0 0 -- 34 2002.5-2005.5 0 0 2000.1 51 2002.5-2005.5 0 0 1998.10 59 2002.5-2005.5 0 0 1996.3 35 2002.5-2005.5 0 0 -- 37 2002.5-2005.5 0 0 -- 34 2002.5-2005.5 0 0 -- 34 2003.11-2005.5 0 0 -- 31 2003.3-2005.5 0 0 -- 33 2003.11-2005.5 0 0 -- 53 2002.5-2003.11 0 0 2003.11 2 66.8 20.4 24.9 3.6 ( ) 10.8 4-55-66-7 7-89-1010-11 1 2 3 2 1 1 8

QINGDAO AUCMA COMPANY LIMITED 3 2003329 20031120 200341 20031122 2312 20 316 311 502 20-29 1307 345 64 30-39 555 1124 30 40-49 127 236 395 50 7 296 1321 9

QINGDAO AUCMA COMPANY LIMITED 1 2 3 4 10

QINGDAO AUCMA COMPANY LIMITED 5 11

QINGDAO AUCMA COMPANY LIMITED 12 2003517 2002 200341 2002 2003517 3 25103.6 73.61% 1 2002 2 2002 3 2002 4 2002 5 2002 2003 4-058 2002 34,256,922.02 10% 3,947,678.77 5% 1,973,839.39 28,335,403.86-1,878.31 2002 2001 2031363.08 28,333,525.55 2002 10 0.8( ) 27,282,880.00 1,050,645.55 6 2003 7 2003 2005 8 9 10 11 2003

QINGDAO AUCMA COMPANY LIMITED 2003520 2003816 2003 2003628 2003 2003816 5 25103.6 73.61% 1 2003819 13

QINGDAO AUCMA COMPANY LIMITED 1 1 2 2003 183649.91 10.21% 2065.14 39.77% 368813.51 121210.87 12198.51 A: 2003 1/3 2003 9 2003 12 31 272790.5 123835.69 54.6%2003 88868.19 2.67% 2167.08 39.77% 2003 2004 OEM 2004 B: 14

QINGDAO AUCMA COMPANY LIMITED 2003 12 31 122392.12 15485.94 87.34%2003 63282.88 5.42% 730.66 11.87%2003 4 2003 4 + 2004 C: 2003 12 31 27517.77 17553.73 36.21%2003 6672.69 90.88 5000PPM CE UL 2003 8 2003 11 3000 2004 2004 30PPM 30PPM 180 D: 2003 12 31 10025.54 7021.03 29.97%2003 939.52-704.68 36 2003 2003 2003 2003 12 15

QINGDAO AUCMA COMPANY LIMITED D E: 2003 7476.25 6224.20 16.75% 2003 238.70-242.27 2003 2 CLA 2003 10 2003 11 CLA CLA 2003 2004 CLA 90 2003 12 2003 79586.55 63294.39 18242.79 9764.28 7249.21 3808.04 939.52 343.39 421.74 19539.47 8784.61 1078.42 1838.43 1172.86 1319.72 250.01 22.39 187.80 2003 16 128034.22 19741.79 9625.26 6927.82 14001.85 5268.98 50.00 183649.91 3 10% 79586.55 63294.39 60047.08 54509.78 19539.47 8784.61 % 24.55 13.88 2003

QINGDAO AUCMA COMPANY LIMITED 2003 2 : 12804 122392.12 63282.88 730.66 17830 27517.77 6672.69 90.88 7660 10025.54 939.52-704.68 100 31130.70 70356.66 126.03 500 9536.98 72966.69-569.84 4285.72 7476.25 238.70-242.27 500 305.65 65.46-84.31 10% 3 77796.13 51% 95478.24 52% 574445426.78 608582058.29 122817260.06 282177789.09 32298927.35 25112286.32 27426157.60 21848222.22 20973537.21 17062029.93 4 1 17

QINGDAO AUCMA COMPANY LIMITED 2003 2002 314.0 317.1-3.0-0.95% 52138.5 51820.3 318.3 0.61% 2 2002 3.5 20036 2003628 2002 211.4947 51% 20037 3 1 18 2003 1 8000 2405 3768 4232 2 21282 3238 19727 1555 3 6116 195 1571 4545 4 6128 0 6128 0 517430 0 17030 400 6 10047 0 10047 0 7MP3 3000 0 150 2850 8 3000 0 3000 0 9 3405 0 3405 0 78408 5838 64826 13582 2 3 6128 5 2003-725.14 17030 400 3000 2003 218.47 3000 2003-244.27 10047 3915 2003 891.95 2001 2002 3678 19727

QINGDAO AUCMA COMPANY LIMITED 1571 MP3 150 13582 400 4545 MP3 2850 400 4 2002 3.5 20036 20031231 1899.8 280 2003 2002 3688135102.99 3219548337.19 468586765.80 14.6% 137060000.00 58000000.00 79060000.00 136.3% 1212108685.70 1197155641.68 14953044.02 1.2% 1836499106.06 1666306889.73 170192216.33 10.2% 337638894.48 326690376.69 10948517.79 3.4% 20651443.83 34256922.02-13605478.19-39.7% 121985116.29-347713952.08 469699068.37-2003 183649.91 10.21% 2065.14 39.77% 2004 19

QINGDAO AUCMA COMPANY LIMITED 20 1 9 3 2003 6 2003329 9 9 A 2002 B 2002 C 2002 D 2002 E 2002 F G H 2003 2005 I J K L 2003 M MP3 N O 2003 P 20035 17 2002 2003410 9 5 A 2003 2003627 9 6 A B 20026 C 2003816 2003 2003816 9 6 A 2003 20031027 9 5 A 2003 200311203 9 5 A B C D E F 2

QINGDAO AUCMA COMPANY LIMITED 21 2002 2002 2002 341,036,000 10 0.80 1,050,645.55 2003614 2003 618 2003619 2003626 2003 618 12003 2003 20651443.83 10% 2765309.86 5% 1382654.93 16503479.04 1050645.55 17554124.59 2003 10 0.5( ) 17051800 502324.59 2004 4-018 2003 200443

QINGDAO AUCMA COMPANY LIMITED 2003-1-1 2003-12-31 1 2,002,760.00 2,439,076.41-436,316.41 2-208,482.12 617,641.41 409,159.29 3 4,159,709.61 400,000.00 3,759,709.61 3,759,709.61 4 529,446.00 5,629,868.00 6,159,314.00 5-3,952,000.00 122,778,921.35 118,826,921.35 6 765,149.57 765,149.57 7-2,639,152.91 9,196,662.53 6,557,509.62 8 37,476,405.59 37,476,405.59 9 9,000,000.00 9,000,000.00 10 500,000.00 500,000.00 11-154,408.50 7,195,606.26 7,653,463.82-612,266.06 12 8,255,671.25 682,674,372.50 657,378,680.51 33,551,363.24 25,295,691.99 13-2,468,421.00 3,016,960.40 548,539.40 14 502,309.27-2,945,744.22-2,430,587.05-12,847.90 15 50,000.00 50,000.00 16 12,600.00 411,424.30-398,824.30 17 13,046,915.40 13,877,052.14-830,136.74 18-1,745,985.12 1,884,013.23 3,250,611.76-3,112,583.65 19-265,700.00-265,700.00 20 82,944.00 82,944.00 21-2,693,884.27 59,659,878.73 58,844,553.73-1,878,559.27 22 327,815.67 327,815.67 23-1,494,675.43 562,884.97-931,790.46 22

QINGDAO AUCMA COMPANY LIMITED 24-3,780,524.49 148,260,459.43 25 2,796,341.31 86,634,911.06 57,845,023.88 57,845,023.88 45,862,778.93 43,066,437.62 26 392,052,768.38 392,052,768.38 27-987,848.98 738,361.29 249,487.69 249,487.69 28-430,000.00 430,000.00 29-19,341.00 2,666,837.00 2,647,496.00 30 743,697.50-22,907.89 720,789.61 31 722,306,032.04 640,013,147.06 82,292,884.98 82,292,884.98 32 12,459,851.43 12,459,851.43 33 12,158,364.33 12,158,364.33 34-282,241.16 1,282,681.16 1,000,440.00 35 432,003.00-432,003.00 36 103,520.00 103,520.00 37 36,955.49 186,955.49-150,000.00 38 82,490.00 87,490.00-5,000.00 213,324,385.34 1 3,185,557.20 2,920,722.20 264,835.00 264,835.00 2 500,000.00-500,000.00 3 1,000,000.00 1,000,000.00 4-983,037.50 1,000,000.00-1,983,037.50 5 1,000,000.00 1,000,000.00 6-7,228.00-7,228.00 264,835.00 213,589,220.34 2004 3 30 23

QINGDAO AUCMA COMPANY LIMITED [2003]56 50% 40589 2003 63049 20031231 40589 140 2003722 50% 40449 24

QINGDAO AUCMA COMPANY LIMITED 2003329 5 1 2002 2 2002 2003 2003 1 2 3 4 5 6 2003 25

QINGDAO AUCMA COMPANY LIMITED 1 2 2003 4 1 1 % 122817260.06 8.05 13337856.38 0.87 2769216.10 0.18 7090234.20 0.46 341880.34 0.02 574445426.78 37.66 56188282.05 3.68-367521.37 0.02 819669.58 0.05 29924308.17 1.96 2 % 282177789.09 15.4% 19990597.61 1.1% 14858070.82 0.8% 608582058.29 33.1% 5127742.92 0.3% 3 1 2 3 4 26

QINGDAO AUCMA COMPANY LIMITED 4 2003 12 31 2002 12 31 45,862,778.93 2,796,341.31 50,000.00 765,149.57 82,292,884.98 743,697.50 502,309.27 529,446.00 1,000,000.00 1,000,000.00 1,076,451.95-249,487.69 264,835.00 33,551,363.24 8,255,671.25 57,845,023.88 3,759,709.61 903,833.66 121,800,000.00 39,567,753.00 3,952,000.00 3,780,524.49 208,482.12 612,266.06 154,408.50 4,426,336.39 1,334,315.48 2,042,700.15 893.088.74 282,241.16 1,878,559.27 2,693,884.27 436,316.41 1,494,675.43 1,526,241.97 1,729,031.80 500,000.00 3,112,583.65 1,745,985.12 155,000.00 398,824.30 432,003.00 830,136.74 1,983,037.50 983,037.50 12,847.90 27

QINGDAO AUCMA COMPANY LIMITED 3 1 3.5 20036 200371 2 28 1000 500 2003.07.23 2004.01.23 3000 2000 2003.07.30 2004.01.30 3000 3000 2003.07.30 2004.01.30 4000 2800 2003.08.21 2004.02.21 4000 1000 2003.11.03 2004.05.03 600 2003.12.29 2004.06.29 1000 1000 2003.05.15 2004.05.13 3500 1000 2003.05.18 2004.05.18 1800 1800 2003.05.21 2004.05.20 1000 500 2003.12.01 2004.05.31 1000 500 2003.12.01 2004.05.31 3500 2520 2003.06.10 2004.06.09 3000 3000 2003.06.30 2004.06.20 3000 3000 2003.06.24 2004.06.23 1600 1600 2003.12.25 2004.07.12 1000 1000 2003.07.18 2004.07.17 580 580 2003.09.11 2004.09.10 2000 2000 2003.12.09 2004.10.09 1500 1500 2003.11.12 2004.11.11 2800 2800 2003.12.02 2004.12.01 2000 2000 2003.12.01 2004.12.01 6000 4200 2003.09.03 2004.03.03 200 140 2003.07.22 2004.01.22 1500 279.4016778 2003.08.04 2004.02.04 327.6290458 2003.08.27 2004.02.27 900 540 2003.09.24 2004.03.24 150 105 2003.07.17 2004.01.17 500 97.3 2003.09.28 2004.03.28 200 2003.12.17 2004.06.17 40589.3307236 5 2003

QINGDAO AUCMA COMPANY LIMITED 67 5 6 7 29

QINGDAO AUCMA COMPANY LIMITED 2004 4-074 20031231 2003 2003 20031231 200443 30

QINGDAO AUCMA COMPANY LIMITED 2003 12 31 : 1 964,319,629.27 842,334,512.98 485,336,258.94 585,890,134.09 2 3,140,000.00 3,170,740.80 900,000.00 791,500.00 3 111,143,608.50 96,586,450.95 566,371,784.28 144,373,751.59 4 493,345,322.27 502,108,205.33 401,651,162.64 403,297,495.19 5 32,681,501.57 24,320,831.07 7,352,915.79 10,768,409.52 6 133,912,594.68 44,719,979.29 46,605,934.60 105,338.57 7 882,571,970.32 720,168,635.67 335,390,052.95 301,810,153.86 8 5,597,989.54 11,928,504.05 4,634,071.89 6,910,300.17 2,626,712,616.15 2,245,337,860.14 1,848,242,181.09 1,453,947,082.99 : 9 171,385,490.85 168,202,848.79 603,010,329.51 599,483,626.75 9 350,000,000.00 350,000,000.00 521,385,490.85 518,202,848.79 603,010,329.51 599,483,626.75 : 10 474,265,396.04 432,486,675.12 248,768,614.77 251,899,884.21 : 10 110,002,896.26 86,049,870.94 85,016,627.83 72,648,488.98 364,262,499.78 346,436,804.18 163,751,986.94 179,251,395.23 120,000.00 364,142,499.78 346,436,804.18 163,751,986.94 179,251,395.23 11 115,527,067.24 52,063,074.67 109,389,573.34 47,937,062.23 479,669,567.02 398,499,878.85 273,141,560.28 227,188,457.46 : 12 56,600,104.43 55,213,136.47 1,830,350.95 939,524.59 13 3,767,324.54 2,294,612.94 1,680,568.21 1,538,866.82 60,367,428.97 57,507,749.41 3,510,919.16 2,478,391.41 : 3,688,135,102.99 3,219,548,337.19 2,727,904,990.04 2,283,097,558.61 : 31

QINGDAO AUCMA COMPANY LIMITED 2003 12 31 : 141,192,350,000.00 959,350,000.00 850,850,000.00 656,050,000.00 15 645,042,496.70 510,194,299.95 371,209,206.64 238,649,300.95 16 384,859,550.91 341,436,486.64 80,891,751.42 50,272,864.47 17 3,656,067.95 10,862,310.79 19,925.05 1,067,856.72 376,725.51 376,099.82 42,751.07 18 27,282,880.00 27,282,880.00 19-13,685,704.73-13,181,432.87-5,803,658.83-5,274,499.66 20 149,697.20 76,171.65 51,072.58 21 68,747,133.73 96,821,847.38 27,754,896.28 38,925,450.59 22 860,168.22 1,792,089.12 574,914.18 1,394,869.46 23 28,000,000.00 28,000,000.00 2,310,356,135.491,935,010,752.481,353,548,107.321,008,411,473.60 : 24 136,000,000.00 58,000,000.00 136,000,000.00 58,000,000.00 25 1,060,000.00 137,060,000.00 58,000,000.00 136,000,000.00 58,000,000.00 : 2,447,416,135.491,993,010,752.481,489,548,107.321,066,411,473.60 28,610,281.80 29,381,943.03 : 26 341,036,000.00 341,036,000.00 341,036,000.00 341,036,000.00 : 341,036,000.00 341,036,000.00 341,036,000.00 341,036,000.00 27 842,967,162.68 842,967,162.68 842,967,162.68 842,967,162.68 28 29,013,728.22 24,865,763.43 27,592,110.02 24,341,490.36 : 9,671,242.74 8,288,587.81 9,197,370.01 8,113,830.12-18,462,329.79-12,763,929.98 29 17,554,124.59 1,050,645.55 26,761,610.02 8,341,431.97 1,212,108,685.701,197,155,641.681,238,356,882.721,216,686,085.01 3,688,135,102.993,219,548,337.192,727,904,990.042,283,097,558.61 : 32

QINGDAO AUCMA COMPANY LIMITED 2003 2003 2002 2003 2002 30 1,836,499,106.061,666,306,889.73888,681,886.42913,040,812.02 : 30 1,494,962,045.651,335,379,619.84776,169,544.18771,734,250.05 31 3,898,165.93 4,236,893.20 1,604,230.77 1,818,359.61 337,638,894.48 326,690,376.69110,908,111.47 139,488,202.36 : 32 2,195,855.36 3,653,116.15 502,078.40 1,961,329.84 : 170,905,916.81 157,369,658.74 12,869,940.29 25,731,691.07 109,813,092.88 80,178,266.70 45,548,701.56 41,118,959.95 33 56,106,255.74 58,464,695.77 31,244,336.29 33,567,875.50 3,009,484.41 34,330,871.63 21,747,211.73 41,031,005.68 : 34 17,918,687.83 3,483,980.38 3,056,054.13 2,836,312.27 35 1,640,614.98 3,009,012.54 1,142,712.13 1,704,425.57 : 36 2,186,605.83 4,927,880.87 1,384,576.06 4,490,709.41 20,382,181.39 35,895,983.68 24,561,401.93 41,081,034.11 : 37 6,200,798.59 15,067,864.68 2,890,604.22 5,099,400.20-771,661.22-664,873.04 38 5,698,399.81 12,763,929.98 20,651,443.83 34,256,922.02 21,670,797.71 35,981,633.91 1,050,645.55-1,878.31 8,341,431.97 5,039,923.15 21,702,089.38 34,255,043.71 30,012,229.68 41,021,557.06 2,765,309.86 3,947,678.77 2,167,079.77 3,598,163.39 1,382,654.93 1,973,839.39 1,083,539.89 1,799,081.70 17,554,124.59 28,333,525.55 26,761,610.02 35,624,311.97 27,282,880.00 27,282,880.00 17,554,124.59 1,050,645.55 26,761,610.02 8,341,431.97 : 33

QINGDAO AUCMA COMPANY LIMITED 2003 1,896,694,103.77 698,474,534.66 902,338.41 2,080,650.28 39,961.95 1,899,677,092.46 698,514,496.61 1,562,797,015.08 827,435,152.26 81,126,009.60 34,623,642.97 54,811,866.41 25,764,513.38 193,092,521.82 40,155,936.87 1,891,827,412.91 927,979,245.48 7,849,679.55-229,464,748.87 999,999.80 800,000.00 20,790,989.57 1,784,295.17 221,282.40 208,282.40 0.00 22,012,271.77 2,792,577.57 153,412,096.06 107,899,485.55 4,374,575.85 3,164,947.00 2,800,000.00 160,586,671.91 111,064,432.55-138,574,400.14-108,271,854.98 2,066,315,797.001,724,815,797.00 8,458,000.00 7,958,000.00 2,074,773,797.001,732,773,797.00 1,727,315,797.001,424,015,797.00 94,748,163.12 71,575,271.30 1,822,063,960.121,495,591,068.30 252,709,836.88 237,182,728.70 121,985,116.29-100,553,875.15 : 34

QINGDAO AUCMA COMPANY LIMITED 1 20,651,443.83 21,670,797.71-771,661.22-1,870,675.39-602,834.64 30,337,442.42 18,734,155.83 1,268,843.52 230,057.88 1,785,998.93 1,598,422.17 6,330,514.51 2,276,228.28-931,920.90-819,955.28 ( ) 1,241,917.55 1,236,497.43 56,106,255.74 42,381,925.21 ( ) -17,918,687.84-3,056,054.13 ( ) 0.00 0.00 ( ) -161,860,982.27-33,260,476.35 ( ) -101,968,496.57-463,267,750.23 ( ) 175,449,687.24 183,414,237.25 7,849,679.55-229,464,748.87 2 3 964,319,629.27 485,336,258.94 842,334,512.98 585,890,134.09 121,985,116.29-100,553,875.15 : 35

QINGDAO AUCMA COMPANY LIMITED 2003 12 31 33,524,795.28 440,035.30 1,819,099.11 32,145,731.47 32,244,751.55 1,819,099.11 30,425,652.44 1,280,043.73 440,035.30 1,720,079.03 69,259.20-66,859.20-2,400.00-7,763,370.26 591,712.40 7,221,017.88 6,354,160.15 591,712.40 6,945,872.55 1,409,210.11 275,145.33 787,049.82 787,049.82 787,049.82 787,049.82 120,000.00 120,000.00 120,000.00 120,000.00 42,144,474.56 1,151,747.70 1,819,099.11 40,273,799.17 : 36

QINGDAO AUCMA COMPANY LIMITED 2003 12 31 ( )1998 12 1998215 1998 12 28 1999 2000 12 8 2000 166 9 000 2000 12 29 600336 341,036,000 1 2 1 1 12 31 3 4, 5 6 7 37

QINGDAO AUCMA COMPANY LIMITED 38 8 9 10 5% : 11 1 2 3 4 5, 6 12 A 20%20% 20% 20% 20%20% 50% 50% 10 B

QINGDAO AUCMA COMPANY LIMITED C 13 a 2000 b C 3% 39 30-40 2.43%-3.23% 13-21 4.62%-7.46% 8-11 8.82%-12.13% 6-12 8.08%-16.17% 5-8 12.13%-19.4% d 14 1 2 3 15

QINGDAO AUCMA COMPANY LIMITED 3 3 = = / = / 100% = / =[ + - ]/ 100% 16 10 17 18 ( ) 1 2 19 20 1 40

QINGDAO AUCMA COMPANY LIMITED (1995)11 50% 50% (1996)2 10% 2 1 17 % 2 15% 33% 200015 2000 1 1 15% 200189 15% 2001 1 1 15% 3 7 % 4 3% 5 128,040,000.00 139,620,351.07 100% 1,000,000.00 800,000.00 80% 5,000,000.00 5,000,000.00 100% 20,000,000.00 13,500,000.00 67.5% 178,300,000.00 170,300,000.00 95.5% 500,000.00 500,000.00 100% 2,000,000.00 2,000,000.00 100% 76,600,000.00 76,600,000.00 100% 500,000.00 500,000.00 100% 41

QINGDAO AUCMA COMPANY LIMITED 2,000,000.00 2,000,000.00 100% 5,000,000.00 3,000,000.00 60% 42,857,200.00 30,000,000.00 70% 2,400,000.00 1,320,000.00 55% 625,000.00 850,000.00 68.6% USD$500,000.00 2,114,947.00 51% 1 12,804 500 80% 20% 100% 7660 80% 20% 100% 50 80% 20% 100% 200 80% 20% 100% 50 20% 80% 100% 200 20% 80% 100% 2 2002 12 21, 600 1200 35% 2003 1 6 2003 8-005 2003 1 15 9,608,035.43 9,040,996.94 2,437,127.68-1,216,919.97 625,000 2003 8 19 2003 12 31 50 2,114,947 51% 42

QINGDAO AUCMA COMPANY LIMITED 3,075,271.00-141,252 3 (1996)2 5,691,984.86 3,865,471.60 7,074,727.97 375,084.80 1 2003 12 31 2002 12 31 119,406.43 152,150.30 964,200,222.84 775,928,437.53 66,253,925.15 964,319,629.27 842,334,512.98 2 3,140,000.00 3,140,000.00 3,140,000.00 3 44,051,003.50 67,092,605.00 111,143,608.50 5% 2003 12 31 4 1 2003 12 31 2002 12 31 1 357,348,485.21 68.23% 18,079,279.45 374,929,196.30 70.17% 19,022,815.00 12 129,309,937.92 24.69% 6,465,496.90 110,956,395.75 20.76% 5,547,819.79 23 22,351,060.47 4.27% 1,117,553.02 24,223,436.57 4.53% 1,211,171.83 3 10,524,387.41 2.01% 526,219.37 18,716,824.56 3.50% 935,841.23 43

QINGDAO AUCMA COMPANY LIMITED 4,237,103.70 0.80% 4,237,103.70 5,527,103.70 1.04% 5,527,103.70 523,770,974.71 100% 30,425,652.44 534,352,956.88 100% 32,244,751.55 4,237,103.70 2 110,609,249.64 21.12 % 3 5% 2003 12 31 2002 12 31 1 260,668,384.72 61.65% 13,033,419.24 270,627,022.27 63.75% 13,531,351.11 12 129,246,864.92 30.57% 6,462,343.25 110,956,395.75 26.14% 5,547,819.79 23 22,351,060.47 5.29% 1,117,553.02 24,223,436.57 5.71% 1,211,171.83 3 10,524,387.41 2.49% 526,219.37 18,716,824.56 4.4% 935,841.23 422,790,697.52 100% 21,139,534.88 424,523,679.15 100% 21,226,183.96 5 1 2003 12 31 2002 12 31 1 29,522,984.44 85.82% 1,476,149.22 16,150,505.62 63.09% 807,525.28 1--2 3,232,776.58 9.40% 161,638.83 6,880,285.72 26.88% 344,014.28 2--3 1,645,819.58 4.78% 82,290.98 2,254,409.21 8.81% 112,720.46 3 315,674.25 1.22% 15,783.71 34,401,580.60 100% 1,720,079.03 25,600,874.80 100% 1,280,043.73 2 5 3,639,964.79 10.58% 3 5% 5% 2003 12 31 2002 12 31 1 4,732,731.95 61.15% 236,636.60 5,718,016.78 50.44% 285,900.84 1--2 1,361,359.83 17.59% 68,067.99 3,047,067.67 26.88% 152,353.38 2--3 1,645,819.58 21.26% 82,290.98 2,254,409.21 19.89% 112,720.46 3 315,674.25 2.79% 15,783.71 7,739,911.36 100.00% 386,995.57 11,335,167.91 100% 566,758.39 6 2003 12 31 2002 12 31 1 133,912,594.68 100% 44,719,979.29 100% 44

QINGDAO AUCMA COMPANY LIMITED 12 23 3 133,912,594.68 100% 44,719,979.29 100% 5% 5% 7 2003 12 31 2002 12 31 116,303,713.65 275,145.33 109,088,869.51 1,409,210.11 27,848,784.42 14,505,251.53 744,192,171.10 6,945,872.55 600,681,619.38 6,354,160.15 1,448,319.03 3,656,265.51 889,792,988.20 7,221,017.88 727,932,005.93 7,763,370.26 8 2003 12 31 2002 12 31 907,804.02 1,082,280.39 4,212,365.69 6,223,235.10 4,536,952.49 477,819.83 86,036.07 5,597,989.54 11,928,504.05 9 2002 12 31 2003 12 31 168,989,898.61 787,049.82 3,182,642.06 172,172,540.67 787,049.82 350,000,000.00 350,000,000.00 2002 6 25 350,000,000.00 2003 6 27 < > 1.8 1.7 3.5 2002 6 35000 2003 6 27 2004 6 26 0.8 1 38,720,000.00 0.64% 53,850,000.00 45

QINGDAO AUCMA COMPANY LIMITED 13,500,000.00 67.5% 13,500,000.00 2,900,000.00 14.5% 2,900,000.00 385,273.04 70,250,000.00 385,273.04 2000 07 2001 1 18 2003 12 31 42,800,492.13 11,744,277.96 8,406,804.79-5,496,543.85 14.5% 385,273.04 2 80,000,000.00 80,000,000.00 80,000,000.00 5.28% 401,776.78 10,000,000.00 10,000,000.00 10,000,000.00 6.25% 2,000,000.00 2,000,000.00 2,000,000.00 8.89% 4,200,000.00 2,613,587.93-425,921.99 2,187,665.94 35% 1,750,000.00 1,723,916.65 325,221.83 2,049,138.48 35% 300,000.00 300,000.00 300,000.00 30% 1,320,000.00 1,415,467.79 206,296.63 1,621,764.42 55% 2,114,947.00 2,114,947.00-72,038.52 2,042,908.48 51% 850,000.00 850,000.00 850,000.00 68.6% 101,051,477.3 102,534,947.00 97,752,972.37 3,264,947.00 33,557.95 2 46 401,776.78 3 558,657.80 10 55,862.89 167,594.45 391,063.35 600,000.00 10 60,000.00 120,000.00 480,000.00 1,158,657.80 115,862.89 287,594.45 871,063.35 2003 12 31

QINGDAO AUCMA COMPANY LIMITED 1200 420 35% 60 240 55% 132 2,172,000.00 1,878,657.80 558,657.80 2002 12 31 2003 12 31 600,270,676.57 787,049.82 3,526,702.76 603,797,379.33 787,049.82 1 38,720,000.00 0.64% 53,850,000.00 11,000,000.00 55% 11,000,000.00 2,900,000.00 14.5% 2,900,000.00 385,273.04 67,750,000.00 385,273.04 2 80,000,000.00 80,000,000.00 80,000,000.00 5.28% 401,776.78 10,000,000.00 10,000,000.00 10,000,000.00 6.25% 2,000,000.00 2,000,000.00 2,000,000.00 8.89% 150,000.00 150,000.00 150,000.00 15% 800,000.00 3,027,771.25 1,008,216.68 4,035,987.93 80% 16,000,000.00 61,805,702.28-5,637,458.61 56,168,243.67 80% 86,000,000.00 166,915,973.84 868,461.33 167,784,435.17 95.50% 3,000,000.00 2,269,578.44-505,888.38 1,763,690.06 60% 7,000,000.00 45,265,248.75-1,695,884.75 43,569,364.00 70% 4,200,000.00 2,613,587.92-425,921.99 2,187,665.93 35% 47

QINGDAO AUCMA COMPANY LIMITED 1,320,000.00 1,415,467.79 206,296.64 1,621,764.42 55% 139,620,351.07 154,496,503.41 7,306,614.42 161,803,117.83 100% 1,750,000.00 1,723,916.65 325,221.83 2,049,138.48 35% 4,000,000.00 0.00 80% 2,114,947.00 2,114,947.00-72,038.52 2,042,908.48 51% 355,690,351.07 531,533,750.33 2,264,947.00 1,377,618.66 535,176,315.98 401,776.78 3 558,657.80 10 55,862.89 167,594.45 391,063.35 600,000.00 10 60,000.00 120,000.00 480,000.00 1,158,657.80 115,862.89 287,594.45 871,063.35 10 208,020,257.59 8,979,875.08 217,000,132.67 28,758,315.19 7,676,579.63 4,066,408.37 32,368,486.45 168,027,489.65 15,237,840.12 1,115,854.07 182,149,475.70 19,743,630.34 15,531,562.74 2,844,450.95 32,430,742.13 7,936,982.35 2,786,253.99 406,677.25 10,316,559.09 432,486,675.12 50,212,111.56 8,433,390.64 474,265,396.04 10,232,476.58 5,517,201.40 15,749,677.98 6,867,364.41 5,493,990.45 3,528,675.45 8,832,679.41 60,769,902.67 13,484,635.66 424,306.60 73,830,231.73 5,344,920.32 4,016,508.82 1,968,660.63 7,392,768.51 2,835,206.96 1,486,049.11 123,717.44 4,197,538.63 86,049,870.94 29,998,385.44 6,045,360.12 110,002,896.26 : 346,436,804.18 : 364,262,499.78 21,279,413.96 48

QINGDAO AUCMA COMPANY LIMITED 120,000.00 120,000.00 120,000.00 120,000.00 11 785,820.25 616,246.30 1,402,066.55 40,800,356.64 44,205,945.19 85,006,301.83 70% 1,523,254.00 1,676,746.00 3,200,000.00 5,907,738.32 18,414,441.33 24,322,179.65 90% 2,369,882.67 2,369,882.67 40,749.19 266,284.66 26,325.94 280,707.91 70% 1,896,800.00 1,896,800.00 80% 241,487.36 241,487.36 90% 3,057,668.63 3,057,668.63 90% 10,800.00 10,800.00 80% 200L 28,410.00 28,410.00 90% 614,300.00 614,300.00 80% 7,320.00 7,320.00 15% 446,393.00 446,393.00 188,880.60 13,706,957.06 13,834,745.80 61,091.86 15% 52,063,074.67 84,743,406.53 21,279,413.96 115,527,067.2 4 12 31,844,573.69 17,349,513.72 1,354,927.24 422,950.58 13,563,083.31 18,281,490.38 46 36,983,960.37 36,365,564.34 1,231,148.68 1,849,544.71 35,134,415.66 28 2,725,262.75 1,076,179.59 1,042,324.72 170,640.65 777,399.09 1,947,863.66 3 1,017,063.83 13,670.55 1,000,063.83 137,107.88 140,437.33 876,626.50 4 425,000.00 357,708.27 42,500.04 109,791.77 315,208.23 8 60,000.00 50,500.00 6,000.00 15,500.00 44,500.00 8 73,055,860.64 55,213,136.47 3,397,315.79 2,010,347.83 16,455,756.21 56,600,104.43 13 343,264.92 150,206.97 124,364.67 369,107.22 4 49

QINGDAO AUCMA COMPANY LIMITED 1,303,935.36 1,916,713.97 370,081.08 2,850,568.25 7 333,991.33 437,828.30 254,169.39 517,650.24 2 313,421.33 283,422.50 29,998.83 1 2,294,612.94 2,504,749.24 1,032,037.64 3,767,324.54 14 2003 12 31 2002 12 31 1,192,350,000.00 959,350,000.00 1,192,350,000.00 959,350,000.00 1,192,350,000.00 959,350,000.00 15 2003 12 31 2002 12 31 2,973,000.00 39,567,753.00 642,069,496.70 470,626,546.95 645,042,496.70 510,194,299.95 5% 5% 16 5% 5% 17 5%(5%) 18 2003 12 31 2002 12 31 27,282,880.00 19 2003 12 31 2002 12 31-11,907,721.54-6,814,271.12 17% -3,046,319.75-6,693,066.12 877,162.00 978.00 5% 139,834.63 121,964.28 38,988.39 54,060.52 32,783.00 212,351.54 116,118.57 7% -13,685,704.73-13,181,432.87 20 2003 12 31 149,697.20 3% 21 5%(5%) 22 50

QINGDAO AUCMA COMPANY LIMITED 2003 12 31 2002 12 31 257,440.36 1,142,120.43 93,830.14 602,727.86 556,138.55 860,168.22 1,792,089.12 23 2003 12 31 2002 12 31 28,000,000.00 28,000,000.00 28,000,000.00 24 2003 12 31 2002 12 31 136,000,000.00 58,000,000.00 136,000,000.00 58,000,000.00 136,000,000.00 58,000,000.00 25 2003 12 31 2002 12 31 1,060,000.00 2003 2002298 106 26 +/- 1 251,036,000 251,036,000 249,336,000 249,336,000 1,700,000 1,700,000 2 3 4 251,036,000 251,036,000 1 90,000,000 90,000,000 51

QINGDAO AUCMA COMPANY LIMITED 2 3 4 90,000,000 90,000,000 341,036,000 341,036,000 27 812,214,000.00 812,214,000.00 16,888,732.26 16,888,732.26 12,862,500.80 12,862,500.80 1,001,929.62 1,001,929.62 842,967,162.68 842,967,162.68 28 16,577,175.62 2,765,309.86 19,342,485.48 8,288,587.81 1,382,654.93 9,671,242.74 24,865,763.43 4,147,964.79 29,013,728.22 10% 5% 29 20,651,443.83 1,050,645.55 2,765,309.86 1,382,654.93 17,554,124.59 30 2003 2002 795,865,480.21 600,470,838.81 822,611,155.34 633,408,106.71 97,642,780.68 79,258,498.76 53,521,181.97 36,196,899.45 182,427,906.42 171,643,673.01 135,297,510.78 113,063,335.64 632,943,942.75 545,097,807.51 554,847,009.34 467,452,967.47 9,395,183.14 6,895,119.18 75,532,516.80 63,507,150.89 52

QINGDAO AUCMA COMPANY LIMITED 72,492,074.98 60,763,497.64 19,125,858.19 17,495,116.21 1,543,755.08 821,447.44 38,080,369.65 24,883,142.02 3,433,930.37 3,210,076.45 1,823,922.87 1,591,078.30 4,217,437.86 2,739,392.27 2,003,979.36 1,843,517.73 1,836,499,106.06 1,494,962,045.65 1,666,306,889.73 1,335,379,619.84 5 954,782,385.85 52 % 2003 2002 634,067,218.69 547,587,436.83 735,197,621.64 614,293,114.95 89,518,871.49 72,664,167.44 48,409,499.65 39,575,650.86 163,014,264.25 153,377,669.12 125,650,828.00 114,124,488.48 1,364,999.80 1,196,794.10 1,780,501.51 1,554,966.77 2,081,531.99 2,540,270.79 637,361.42 989,234.89 888,681,886.42 776,169,544.18 913,040,812.02 771,734,250.05 31 2003 2002 2,729,251.02 7% 2,965,815.33 7% 1,168,914.91 3% 1,271,077.87 3% 3,898,165.93 4,236,893.20 32 2003 2002 38,787,560.10 38,247,467.54 82,536,792.88 82,019,613.42 16,462.23 16,690.76 28,295,712.58 26,639,949.78 14,829,311.33 11,693,146.11 67,083,272.68 64,887,417.32 97,382,566.44 93,729,450.29 33 2003 2002 68,410,413.59 75,740,010.21 : 5,093,840.57 10,708,020.17 7,958,000.00 7,160,000.00 747,682.72 592,705.73 56,106,255.74 58,464,695.77 2003 2003307 7,958,000.00 53

34 QINGDAO AUCMA COMPANY LIMITED 2003 2002 1,667,978.76-737,024.88 99,312.76 100,680.06 16,198,000.00 5,092,500.00-787,049.82 69,259.20-69,259.20-115,862.89-115,865.78 17,918,687.83 3,483,980.38 2003 12 31 18,998,000.00 2,800,000.00, 16,198,000.00 2003 2002 3,081,298.65 3,647,047.81 82,118.37 100,680.06-787,049.82 8,500.00-8,500.00-115,862.89-115,865.78 3,056,054.13 2,836,312.27 35 2003 2002 1,060,419.71 1,648,270.58 199,102.47 954,397.55 381,092.80 406,344.41 1,640,614.98 3,009,012.54 36 2003 2002 215,612.96 172,275.46 298,034.01 240,480.07 1,241,917.55 4,391,886.85 120,000.00 311,041.31 123,238.49 37 2,186,605.83 4,927,880.87 2003 2002 20,382,181.39 35,895,983.68 6,200,798.59 15,067,864.68 38 500 80% 54

QINGDAO AUCMA COMPANY LIMITED 20% 100% 2003 5,698,399.81 5,698,399.81 39 ( :) 2002 12 31 2003 12 31 71,180,000.00 71,180,000.00 128,040,000.00 128,040,000.00 1,000,000.00 1,000,000.00 5,000,000.00 5,000,000.00 20,000,000.00 20,000,000.00 55

QINGDAO AUCMA COMPANY LIMITED 500,000.00 500,000.00 178,300,000.00 178,300,000.00 2,000,000.00 2,000,000.00 500,000.00 500,000.00 76,600,000.00 76,600,000.00 2,000,000.00 2,000,000.00 5,000,000.00 5,000,000.00 42,857,200.00 42,857,200.00 2,400,000.00 2,400,000.00 625,000.00 625,000.00 4,146,955.00 4,146,955.00 ( :) 2002 12 31 2003 12 31 % % % % 249,336,000.00 73.11% 1,000,000 0.29% 249,336,000.00 72.82% 128,040,000.00 100% 128,040,000.00 100% 800,000.00 80% 800,000.00 80% 5,000,000.00 100% 5,000,000.00 100% 13,500,000.00 67.5% 13,500,000.00 67.5% 500,000.00 100% 500,000.00 100% 170,300,000.00 95.5% 170,300,000.00 95.5% 2,000,000.00 100% 2,000,000.00 100% 500,000.00 100% 500,000.00 100% 76,600,000.00 100% 76,600,000.00 100% 2,000,000.00 100% 2,000,000.00 100% 3,000,000.00 60% 3,000,000.00 60% 7,000,000.00 70% 7,000,000.00 70% 3,600,000.00 60% 3,600,000.00 35% 1,320,000.00 55% 1,320,000.00 55% 56

QINGDAO AUCMA COMPANY LIMITED 428,750.00 68.6% 428,750.00 68.6% 2,114,947.00 51% 2,114,947.00 51% 2003 2 () 57

QINGDAO AUCMA COMPANY LIMITED 2002 21,186,686.32 2003 136,904,226.50 3,157,897.44 189,987.18 4,217,197.85 70,498,008.55 4,188,932.77 5,125,741.21 1,259,844.34 2,760,000.00 393,907,080.00 122,817,260.06 13,337,856.38 2,769,216.10 7,090,234.20 341,880.34 574,445,426.78 56,188,282.05-367,521.37 819,669.58 29,924,308.17 2002 295,054,899.35 2003 11,456,264.08 1,655,959.36 454,823,909.40 75,048,461.54 282,177,789.09 19,990,597.61 14,858,070.82 608,582,058.29 5,127,742.92 2003 12 31 2002 12 31 58

QINGDAO AUCMA COMPANY LIMITED 45,862,778.93 2,796,341.31 50,000.00 765,149.57 82,292,884.98 743,697.50 502,309.27 529,446.00 1,000,000.00 1,000,000.00 1,076,451.95-249,487.69 264,835.00 33,551,363.24 8,255,671.25 57,845,023.88 3,759,709.61 903,833.66 121,800,000.00 39,567,753.00 3,952,000.00 3,780,524.49 208,482.12 612,266.06 154,408.50 4,426,336.39 1,334,315.48 2,042,700.15 893.088.74 282,241.16 1,878,559.27 2,693,884.27 436,316.41 1,494,675.43 1,526,241.97 1,729,031.80 500,000.00 3,112,583.65 1,745,985.12 59

QINGDAO AUCMA COMPANY LIMITED 155,000.00 398,824.30 432,003.00 830,136.74 1,983,037.50 983,037.50 12,847.90 1 2002 4,251,877.70 2003 4,220,870.40 2 2002 298,350 2003 298,350 3 4 2000 12 26 2002 537,753.70 2003 537,753.70 5 2003 12 31 85,085 16,400 2003 12 31 41,679 62003 318,300.00 72003 3 6 0.5% 2003 3 6 2003 12 31 2003 3 29 82002 2003 501,965.37 668,040.31 92003 3 29 3 10 2003 1 5 2003-2005 60

QINGDAO AUCMA COMPANY LIMITED CE UL GE 0.5% 1.5% 1% 3 112003 3 29, 2 122003 3 29 15 2 132003 3 29 2003 1 1 2004 12 31 142003 3 29 2003 2003 61

QINGDAO AUCMA COMPANY LIMITED 2003 2003 12 31 2003 12 31 2003 10% 5% 10 0.5 2003 2003 8 25 100 2003 10 24 150 2004 1 29 150 2003 2003 4 1 196 2003 5 12 34 2003 5 15 34 2003 12 31 62

QINGDAO AUCMA COMPANY LIMITED 1 2003 2 3 4 5 315 63