2004

2004... 1... 1... 2... 4... 8... 15... 17... 18... 31... 33... 38... 88 1

2004 1 2 3 1 XIAMEN TUNGSTEN CO., LTD. XTC 2 3 619 16 0592-5363891 0592-5363857 E-mailxhy@mail.cxtc.com 619 16 0592-5363856 0592-5363857 E-mailwlc@mail.cxtc.com 4 619 16 619 16 361004 http://www.cxtc.com 1

2004 xtc@public.xm.fj.cn 5 http://www.sse.com.cn 6 A A A 600549 7 1997 12 30 3502001003235 350206155013367 B 7-9 : : 193,235,682.52 110,615,647.23 105,596,673.21 380,600,016.93 2,817,805.19 194,257,179.71-66,008.06 960,000.00-1,915,489.13 23,127,240.87-75,848,310.94 2

2004 : : 6,200,000.00-253,288.67-596,285.05-331,452.26 5,018,974.02 6,200,000.00 5,240,000.00 960,000.00 : : 2004 2003 2002 (%) 1,491,312,264.88 776,743,871.03 92.00 578,398,096.55 193,235,682.52 95,931,547.71 101.43 77,851,231.36 110,615,647.23 54,388,882.33 103.38 50,056,023.11 105,596,673.21 52,397,238.28 101.53 46,114,902.04 2004 2003 2002 (%) 2,194,187,937.51 1,750,877,477.13 25.32 1,103,649,270.49 715,012,574.71 610,082,935.28 17.20 588,391,465.15 23,127,240.87-3,722,502.55 721.28 41,570,285.63 2004 2003 2002 (%) 0.46 0.45 2.22 0.42 % 15.47 8.91 6.56 8.51 14.77 8.59 % 6.18 7.84 0.10-0.03 433.33 0.35 0.46 0.45 2.22 0.53 0.44 0.44 0.38 0.44 0.44 0.49 % 16.70 9.10 7.60 16.75 15.94 8.77 % 7.17 15.43 2004 2003 2002 (%) 2.98 5.08-41.34 4.90 2.98 5.08-41.34 4.90 3

2004 9 : : % 53.23 57.46 1.59 1.59 27.17 29.33 0.81 0.81 15.47 16.70 0.46 0.46 14.77 15.94 0.44 0.44 : : 120,000,000.00 375,055,010.39 53,518,054.51 28,388,935.25 33,120,935.13 610,082,935.28 120,000,000.00 337,725.16 28,263,617.96 12,981,543.70 110,615,647.23 272,198,534.05 0.00 96,023,732.96 0.00 0.00 71,245,161.66 167,268,894.62 240,000,000.00 279,369,002.59 81,781,672.47 41,370,478.95 72,491,420.70 715,012,574.71 1) 2) 3) 4) 5) 1 : 1 90,000,000 18,000,000 72,000,000 90,000,000 180,000,000 47,232,000 9,446,400 37,785,600 47,232,000 94,464,000 28,215,000 5,643,000 22,572,000 28,215,000 56,430,000 4

2004 14,553,000 2,910,600 11,642,400 14,553,000 29,106,000 2 3 4 90,000,000 18,000,000 72,000,000 90,000,000 180,000,000 1 30,000,000 6,000,000 24,000,000 30,000,000 60,000,000 2 3 4 30,000,000 6,000,000 24,000,000 30,000,000 60,000,000 120,000,000 24,000,000 96,000,000 120,000,000 240,000,000 2 (1) : : A 2002-10-24 11.60 30,000,000 2002-11-07 30,000,000 2002 10 24 100% 11.60 / 3000 2002 11 7 3000 (2) 2003 10 2 8 12000 24000 (3) 1 12,284 5 A 12,279 5

2004 2 : ( ) (%) ( ) 47,232,000 94,464,000 39.36 27,315,000 54,630,000 22.76 13,653,000 27,306,000 11.38 2,696,700 2,696,700 1.12 MORGAN STANLEY & CO. INTERNATIONAL LIMITED 2,113,600 2,113,600 0.88 900,000 1,800,000 0.75 900,000 1,800,000 0.75 UBS LIMITED 1,733,764 1,733,764 0.72 109,696 925,114 0.39 850,200 850,200 0.35 3 1 55,018 1996 2 15 2 3 6

2004 4 100% ( ) 39.36% 4 2001-616,000,000.00 12-27 2,674,652,650.00 1939-08-30 7 5 ABH 2,696,700 A MORGAN STANLEY & CO. INTERNATIONAL LIMITED 2,113,600 A UBS LIMITED 1,733,764 A 925,114 A 850,200 A ING BANK N.V. 778,440 A BILL & MELINDA GATES FOUNDATION 622,280 A 354,202 A 290,000 A 265,279 A

2004 1 : 61 2003-04-01 2006-04-01 0 0 47 2003-04-01 2006-04-01 0 0 61 2003-04-01 2006-04-01 0 0 52 2003-04-01 2006-04-01 0 0 59 2003-04-01 2006-04-01 0 0 35 2003-04-01 2006-04-01 0 0 69 2003-04-01 2006-04-01 0 0 48 2003-09-29 2006-04-01 0 0 42 2003-04-01 2006-04-01 0 0 58 2003-04-01 2006-04-01 0 0 35 2003-04-01 2006-04-01 0 0 49 2003-04-01 2006-04-01 0 0 47 2003-04-01 2006-04-01 0 0 53 2003-04-01 2006-04-01 0 0 59 2003-04-01 2006-04-01 0 0 38 2003-04-01 2006-04-01 0 0 37 2003-04-01 2006-04-01 0 0 38 2003-04-01 2006-04-01 0 0 43 2003-04-01 2006-04-01 0 0 38 2003-04-01 2006-04-01 0 0 38 2003-04-01 2006-04-01 0 0 42 2003-04-01 2006-04-01 0 0 48 2003-04-01 2006-04-01 0 0 58 2003-04-01 2006-04-01 0 0 33 2003-08-11 2006-04-01 0 0 (1) 1943 6 3 8

2004 (2) 1957 3 10 (3) 1943 5 1 (4) 1952 11 14 " "" "" " (5) 1945 9 21 (6) 1969 1 5 9

2004 (7) 1935 10 31 (8) 1956 12 24 - MBA MBA (9) 1962 9 8 (10) 1946 8 23 (11) 1968 2 5 (12) 1955 6 1 10

2004 02 (13) 1957 5 27 (14) 1951 10 10 (15) 1945 11 22 (16) 1966 9 26 (17) 1967 8 7 (18) 1966 2 8 (19) 1961 2 5 11

2004 (20) 1965 11 23, (21) 1966 9 23 (22) 1962 11 14 (23) 1956 9 15 (24) 1946 8 28 (25) 1971 12 9 2 12

2004 2003-04-02 2006-04-02 2003-04-02 2006-04-02 2003-04-02 2006-04-02 2003-04-02 2006-04-02 2003-04-02 2006-04-02 2003-04-02 2006-04-02 2003-04-02 2006-04-02 2003-04-02 2006-04-02 2003-04-02 2006-04-02 2003-04-02 2006-04-02 2003-04-02 2006-04-02 2003-04-02 2006-04-02 2003-04-02 2006-04-02 1 2 1000 5000 1000 3 : : 668.94 187.88 244.29 6.00 /. 1.20 1.20 13

2004 4 50 7 4050 2 3040 1 2030 1 1020 2 010 12 2004 8 10 4,304 1,317 150 1 2,822 65.57% 95 2.21% 283 6.58% 71 1.65% 202 4.69% 831 19.30% 2 42 0.98% 355 8.25% 374 8.69% 3,533 82.08% 14

2004 1 2 3 4 5 15

2004 6 7 1 5 5 0 0 5 4 1 0 5 4 1 0 2 1 2 3 4 16

2004 5 2004 2003 1 2004 4 1 2003 2004 5 10 2003 4 8822.14 73.52 % 2003 2 1 2003 2 2003 3 2003 4 2003 2004 5 2003 17

2004 6 7 8 2004 5 11 2004 2.4 / 5 4.3 / 79% 2004 11 / 36 / 227% 14 18

2004 149,131 18.68%92% 11,062 70.18%103.38% 2004 0.46 2003 0.45 2.22% 1 (1) (2) : : (%) (%) 1,229,043,672.27 82.41 328,338,469.45 86.27 107,598,938.31 7.22 9,911,339.82 2.60 152,384,777.18 10.22 41,999,656.31 11.04 2,284,877.12 0.15 350,551.35 0.09 : 152,739,896.18 10.24 35,118,165.50 9.23 1,491,312,264.88 / 380,600,016.93 / / / 1,491,312,264.88 380,600,016.93 0 71,457 92% - 10,760 7,556 15,285 9,818 2003 10 26,322 19

2004 (3) : : (%) (%) 762,416,597.20 51.12 223,640,909.57 58.76 728,895,667.68 48.88 156,959,107.36 41.24 : 152,739,896.18 10.24 35,118,165.50 9.23 1,491,312,264.88 / 380,600,016.93 / / / 1,491,312,264.88 380,600,016.93 (4) 10% : : (%) 235,980,911.33 206,832,421.51 12.35 209,858,191.61 168,782,376.96 19.57 152,845,610.56 106,329,235.13 30.43 332,725,842.18 195,367,007.65 41.28 152,384,777.18 101,870,982.92 33.15 (5) 48,557 291% 32.56% 16.57 (6) 38,060 92.06% 4,652 140.27% 2003 10 13,652 451.99% 2 (1) : : 26,997.00 49,074.49 6,331.55 8,292.51 35,226.23 5,667.41 20

2004 7,204.29 25,081.40 801.39 2,580.00 5,114.59 85.51 2,500.00 4,381.55-1,545.3 5,000.00 8,126.29 565.82 1,000.00 1,117.24-116.96 1,100.00 2,475.76 178.91 900.00 3,969.86 203.78 3,000.00 50,553.91 1,986.93 2004 10 11 2004 2,037 2003 9.28% 1,545 11-12 164 348 267 615 2004 2004 5 117 3 : : 30,016.01 25.55% 44,050.56 29.54% 4 21

2004 1 2002 33,354.83 32,461.90 12,978.71 892.93 2 : : 600 / 500 / 14,373.12 14,373.12 3,253.11 6,000.00 1,995.93 1,826.00 1,903.76 4500t/d 2,800.00 2,800.00 1,004.44 565.82 1000 4,173.40 4,173.40 1,175.00 51.56 2,516.00 1,623.07 0 3,492.31 3,492.31 33,354.83 / 28,457.83 4,005.44 5,774.25 / / 1 600 500 22,997 14,373.12, 2004 14,373.12 21,749 22

2004 2005 80 5000 2000 1100 100 100 1500 100 30 200 PCB 2004 20,752 4,540 2004 15,285 3,253 2 4,510 14000 10000 1,485 5000M2 1702M2 314 14000 35 5 200 5 23

2004 2003 6 506 186 320 1,490 1,996 4,004 2003 4,004 27.42 2003 9 2004 2,561 2004 1,904 4,004 27.42 2004 1,622 2004 1,399 3 4500 / 1,200 2,800 2002 12 2003 6 16 2004 1 1 5,404 2004 3,345 337 2004 3,345 566 4 1000 1000 2002 500 2003 6 23 2003 2004 5 1 24

2004 2000 4,173.40 3,455 718.40 2004 13,864 117 2004 10,760 52 5 2516 2003 2003 12 2004 2004 1,623 2005 3 : : 4,004.07 4,004.07 4,004.07 1,398.60 27.42% / 4,004.07 740.34 1,398.60 / / 6000 4004.07 2003 27.42% 4,004.07 4,004.07 2003 10 1,398.60 25

2004 4 : : 600.00-70.17 68 2,507.84-111.64 3,107.84 / -181.81 : : 2,194,187,937.51 1,750,877,477.13 443,310,460.38 25.32 380,600,016.93 198,172,018.09 182,427,998.84 92.06 110,615,647.23 54,388,882.33 56,226,764.90 103.38-75,848,310.94-205,539,815.44 129,691,504.50 63.10 715,012,574.71 610,082,935.28 104,929,639.43 17.20 23,127,240.87-3,722,502.55 26,849,743.42 721.28 (1) (2) (3) (4) (5) (6) 2004 16,630 8,349 8,281 2005 26

2004 2005 223,700 2004 50% 1 1) 2004 3 30 619 9 8 (1) 2003 (2) 2003 (3) 2003 (4) 2003 2004 (5) 2003 (6) 2004 (7) 2004 (8) (9) (10) (11) (12) (13) 2003 (14) (15) (16) (17) 27

2004 (18) (19) 2003 2004 4 1 2) 2004 4 26 2004 3) 2004 5 10 26 9 7 (1) (2) (3) 2004 5 12 4) 2004 8 10 9 7 (1) 2004 (2) 2004 (3) (4) (5) 28

2004 (6) (7) (8) 2004 8 12 5) 2004 10 26 2004 2 2004 5 10 2003 2003 2003 12,000 10 2 0.50 3,000 3,120,935.13 2003 12,000 10 8 9,600 2004 6 18 2003 2004 6 23 2004 6 24 2004 6 25 2004 6 30 24,000 2004 110,615,647.23 27,120,935.13 2004 2003 10 2 24,000,000.00 113,736,582.36 10% 28,263,617.96 10% 29

2004 10% 12,981,543.70 72,491,420.70 2004 12 31 24,000 10 2.00 48,000,000.00 24,491,420.70 (2005) E-001 200356 2004 2004 [2003] 56 2004 1 30

2004 1 2004 12 31 7,138.40 50% 56 70% 2 2 2005 3 15 1 2004 3 30 619 9 8 1 2003 2 2003 3 2003 2004 4 5 < > 6 7 8 2003 31

2004 2004 4 1 2 2004 5 10 26 9 9 2004 5 12 3 2004 8 10 619 9 6, 1 2004 2 2004 2004 8 12 2004 2002 2004 10 32

2004 1 2004 10 18 68 697.32 807.84 807.84 2004 8 12 2004 4,382 3,159 2004 11-12 164 2004 10 18-111.52 1 33

2004 : : (), 34,467.18 43,118,437.39 9.88 34,467.18, 72,406.67 62,993,802.30 100.00 72,406.67 383.27 109,839.70 47,011,393.03 100.00, 109,839.70 1385.35 2 : : (), 66,850.00 5,348,000.00 6.59 66,850.00 16.11, 70,206.92 44,651,600.00 26.53 70,206.92 180.74, 87,000.00 3,480,000.00 2.80 87,000.00-25.03 34

2004 : 2002 5 2004 5 3 4 : : 163,484,795.33 37,118,348.62 43,118,437.39 0 0 156,734,163.68 / 163,484,795.33 37,118,348.62 / 43,118,437.39 156,734,163.68 0 0 2004 15,673 16.38% 35

2004 1 2 3 4 2004 12 31, : 200.00 2004/01/07-2005/01/07 1,000.00 2004/12/01-2005/05/31 300.00 2004/04/30-2005/04/30 398.40 2004/06/04-2005/06/03 200.00 2004/06/30-2005/06/29 300.00 2004/07/09-2005/07/09 200.00 2004/10/25-2005/10/24 200.00 2004/01/15-2005/01/14 200.00 2004/02/06-2005/01/25 200.00 2004/02/13-2005/02/12 140.00 2004/03/12-2005/03/11 300.00 2004/05/26-2005/05/25 300.00 2004/06/15-2005/06/14 200.00 2004/07/12-2005/07/11 1,000.00 2004/10/22-2005/10/20 300.00 2004/11/18-2005/11/17 200.00 2004/12/21-2005/12/20 200.00 2004/11/04-2005/11/04 300.00 2004/01/19-2005/01/19 1,000.00 2004/04/19-2005/04/18 36

2004 2004 12 31 7,138.40 9.88% 5 6 5% 5% 7 2003 [2003]13 2004 2005 2004 52 37

2004 (2005) E-023 ( )2004 12 31 2004 2004 2004 12 31 2004 2005 3 15 38

2004 2004 12 31 : : : 1 239,569,155.02 172,234,167.53 162,456,077.42 43,362,048.74 0.00 0.00 0.00 0.00 2 11,923,572.02 13,519,875.58 232,000.00 1,580,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3 46 196,852,960.19 226,809,106.79 103,308,344.41 93,740,406.96 4 47 14,056,629.35 17,478,411.80 1,162,550.56 144,665,735.53 5 290,083,657.66 94,655,281.51 53,639,696.40 26,232,452.37 6 21,988,898.59 987,507.82 17,658,458.27 0.00 7 374,039,410.98 855,848,779.03 43,964,414.51 115,495,943.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,148,514,283.81 1,381,533,130.06 382,421,541.57 425,076,586.88 8 48 20,057,952.26 36,091,537.64 370,235,458.68 585,191,888.99 0.00 0.00 0.00 0.00 8 48 20,057,952.26 36,091,537.64 370,235,458.68 585,191,888.99 0.00 0.00 0.00 0.00 8 48 14,188,804.16 16,710,689.54 10,733,004.00 13,377,804.29 9 618,434,216.06 850,340,103.77 98,924,952.17 129,651,522.89 9 247,436,787.96 298,288,100.29 46,962,048.22 48,699,907.83 9 370,997,428.10 552,052,003.48 51,962,903.95 80,951,615.06 9 2,460,437.97 3,776,668.77 0.00 0.00 9 368,536,990.13 548,275,334.71 51,962,903.95 80,951,615.06 0.00 0.00 0.00 0.00 10 112,344,256.19 131,673,310.95 3,767,102.00 17,425,721.92 0.00 0.00 0.00 0.00 480,881,246.32 679,948,645.66 55,730,005.95 98,377,336.98 11 101,423,994.74 96,614,624.15 28,028,182.34 26,113,001.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 101,423,994.74 96,614,624.15 28,028,182.34 26,113,001.72 0.00 0.00 0.00 0.00 1,750,877,477.13 2,194,187,937.51 836,415,188.54 1,134,758,814.57 12 230,884,000.00 391,522,911.84 147,500,000.00 263,389,768.00 13 9,000,000.00 23,264,500.00 9,000,000.00 20,264,500.00 14 35,800,385.91 93,166,160.93 12,781,375.27 27,066,957.11 39

2004 15 150,077,322.54 76,995,785.83 2,350.00 50,426,060.38 16 12,248,557.87 21,366,932.34 8,085,545.84 11,385,684.84 36,275,114.24 47,786,186.86 5,340,843.50 6,470,957.82 17 26,098,065.09 156,720.00 0.00 0.00 18-25,140,022.49-1,693,859.32 4,266,309.48 3,046,427.96 19-44,400.48 95,533.05-23,852.31 7,732.07 20 174,592,940.35 276,744,682.73 2,476,738.23 3,123,124.21 21 3,125,879.16 7,243,119.22 2,029,500.59 4,887,522.22 0.00 0.00 0.00 0.00 22 130,000,000.00 20,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 782,917,842.19 956,648,673.48 191,458,810.60 390,068,734.61 23 70,000,000.00 111,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24 69,866,162.44 77,519,116.62 27,171,330.10 19,044,886.29 25 14,000,000.00 10,988,559.16 0.00 0.00 153,866,162.44 199,507,675.78 27,171,330.10 19,044,886.29 0.00 0.00 0.00 0.00 936,784,004.63 1,156,156,349.26 218,630,140.70 409,113,620.90 204,010,537.22 323,019,013.54 0.00 0.00 26 120,000,000.00 240,000,000.00 120,000,000.00 240,000,000.00 0.00 0.00 0.00 0.00 120,000,000.00 240,000,000.00 120,000,000.00 240,000,000.00 27 375,055,010.39 279,369,002.59 375,929,250.70 282,052,818.85 28 81,906,989.76 123,152,151.42 51,111,153.58 73,458,469.12 28 28,388,935.25 41,370,478.95 25,555,576.79 36,729,234.56 29 27,120,935.13 24,491,420.70 64,744,643.56 82,133,905.70 30 6,000,000.00 48,000,000.00 6,000,000.00 48,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 610,082,935.28 715,012,574.71 617,785,047.84 725,645,193.67 1,750,877,477.13 2,194,187,937.51 836,415,188.54 1,134,758,814.57 : : : 40

2004 2004 : : : 31 49 1,491,312,264.88 776,743,871.03 666,418,792.47 441,991,434.45 31 49 1,100,115,509.93 570,936,292.32 584,747,410.34 379,169,688.90 32 10,596,738.02 7,635,560.62 1,022,327.70 249,970.11-380,600,016.93 198,172,018.09 80,649,054.43 62,571,775.44-33 2,817,805.19 5,309.79 869,380.58 192,310.94 : 34 38,675,250.42 25,362,102.45 11,511,248.89 8,114,976.91 35 137,433,091.42 76,114,639.23 36,632,783.27 28,763,443.35 36 13,052,300.57 2,787,140.10 5,858,366.65-2,874,454.12-194,257,179.71 93,913,446.10 27,516,036.20 28,760,120.24-37 50-66,008.06-287,083.98 90,298,475.32 34,775,278.29 38 960,000.00 2,443,000.00 450,000.00 1,649,000.00 39 749,091.69 557,113.06 168,510.02 97,148.54 40 2,664,580.82 694,927.47 251,330.63 103,923.81-193,235,682.52 95,931,547.71 118,181,690.91 65,177,623.26 41 18,970,125.23 16,789,857.64 6,445,113.23 6,788,183.12 51,650,947.23 19,973,259.83 0.00 0.00 11,998,962.83 4,779,547.91 0.00 0.00 ( ) 0.00 0.00 0.00 0.00-110,615,647.23 54,388,882.33 111,736,577.68 58,389,440.14 27,120,935.13 755,259.48 64,744,643.56 24,033,091.44 0.00 0.00 0.00 0.00 137,736,582.36 55,144,141.81 176,481,221.24 82,422,531.58 28,263,617.96 14,021,402.70 11,173,657.77 5,838,944.01 12,981,543.70 8,001,803.98 11,173,657.77 5,838,944.01 ( ) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 96,491,420.70 33,120,935.13 154,133,905.70 70,744,643.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 48,000,000.00 6,000,000.00 48,000,000.00 6,000,000.00 24,000,000.00 0.00 24,000,000.00 0.00 ( - ) 24,491,420.70 27,120,935.13 82,133,905.70 64,744,643.56 1. 2. 3. ( ) 4. ( ) -8,193,713.24-3,208,086.41 5. 6. : : : 41

2004 2004 : : : 1,355,361,624.11 785,493,407.82 78,477,266.75 23,535,139.59 42 55,796,889.15 2,543,557.80 1,489,635,780.01 811,572,105.21 1,194,074,783.27 662,928,134.78 120,786,979.59 23,708,595.91 62,269,976.70 18,051,904.81 43 89,376,799.58 156,778,520.21 1,466,508,539.14 861,467,155.71 23,127,240.87-49,895,050.50 0.00 0.00 0.00 0.00 1,271,310.40 16,958,686.63 44 72,664,799.58 1,072,132.56 0.00 0.00 73,936,109.98 18,030,819.19 218,061,176.61 50,061,417.98 36,372,275.00 141,989,775.00 8,078,400.00 8,078,400.00 0.00 0.00 254,433,451.61 192,051,192.98-180,497,341.63-174,020,373.79 71,722,413.56 0.00 24,660,000.00 0.00 781,391,252.40 537,955,320.00 671,085.87 853,784,751.83 537,955,320.00 696,270,030.00 422,511,340.00 51,642,615.02 10,418,765.44 10,175,211.98 0.00 45 24,869,084.03 0.00 0.00 0.00 42

2004 772,781,729.05 432,930,105.44 81,003,022.78 105,025,214.56 518,767.04-203,818.95-75,848,310.94-119,094,028.68 1 110,615,647.23 111,736,577.68 ( - ) 51,650,947.23 0.00 0.00 0.00 5,367,355.46 394,647.35 49,810,694.50 8,166,588.58 7,969,461.10 1,915,180.62 0.00 0.00 0.00 0.00 4,117,240.06 2,858,021.63 (: ) 426,777.56 229,335.18 263,554.39 13,052,300.57 5,858,366.65 66,008.06-90,298,475.32 0.00 0.00-268,745,275.86-72,158,024.69 ( ) 135,546,520.13-38,396,105.08 ( ) -87,013,989.56 19,798,836.90 0.00 0.00 23,127,240.87-49,895,050.50 2 0.00 0.00 0.00 0.00 0.00 0.00 3 172,234,167.53 43,362,048.74 248,082,478.47 162,456,077.42 0.00 0.00 0.00 0.00-75,848,310.94-119,094,028.68 : : : 43

2004 1997 12 22 [1997]48 1997 12 29 97 46 1997 12 30 18,716 % 95,000,000.00 50.76 56,000,000.00 29.92 28,000,000.00 14.96 2,550,000.00 1.36 1,870,000.00 1.00 1,870,000.00 1.00 1,870,000.00 1.00 187,160,000.00 100.00 1999 6, 255 199915 1999 12 24 1999 44 % 96,354,688.00 51.48 56,796,875.00 30.35 28,398,437.00 15.17 1,870,000.00 1.00 1,870,000.00 1.00 1,870,000.00 1.00 187,160,000.00 100.00 44

2004 2000 4 1999 [2000]027 [2000]7 1999 12 31 9,000 9,716 2000 4 8 2000 07 % 46,332,000.00 51.48 27,315,000.00 30.35 13,653,000.00 15.17 900,000.00 1.00 900,000.00 1.00 900,000.00 1.00 90,000,000.00 100.00 2000 4 24 3502001003235 619 16 2002 5 21 % 46,332,000.00 51.48 27,315,000.00 30.35 13,653,000.00 15.17 900,000.00 1.00 900,000.00 1.00 900,000.00 1.00 90,000,000.00 100.00 2002 9 18 2002109 3,000 45

2004 2002 11 7 12,000, % 46,332,000.00 38.61 27,315,000.00 22.76 13,653,000.00 11.38 900,000.00 0.75 900,000.00 0.75 900,000.00 0.75 30,000,000.00 25.00 2003 12 8, % 47,232,000.00 39.36 27,315,000.00 22.76 13,653,000.00 11.38 900,000.00 0.75 900,000.00 0.75 30,000,000.00 25.00 120,000,000.00 100.00 2004 4 12 90 2004 3 16 : % 47,232,000.00 39.36 27,315,000.00 22.76 13,653,000.00 11.38 900,000.00 0.75 900,000.00 0.75 30,000,000.00 25.00 120,000,000.00 100.00 2004 6 2003 2003 2003 12 31 12,000 10 2 8 % 94,464,000.00 39.36 54,630,000.00 22.76 27,306,000.00 11.38 1,800,000.00 0.75 1,800,000.00 0.75 60,000,000.00 25.00 240,000,000.00 100.00 46

2004 62.5% 60% 94.78% 60% 65% 66.21% 70.93% 90% 60% 68% 10 1 2 1 1 12 31 3 4 5 6 7 (1) a b c d 47

2004 (2) a b c a 1 1 5% b 1-2 2 10% c 2-3 3 50% d 3 100% 100% 8-9 10 1 20% 20% ( ) 50% 50% 48

2004 2 3 10 [2003]10 2003 4 4 11 1 1 2,000 2 2 3 4 % % 20-35 310 2.57-4.85 49

2004 5-12 310 7.50-19.40 5-10 310 9.00-19.40 5-8 310 11.25-19.40 12 (1) 3 (2) (3) 13 1 2 3 4 10 14 5 3 15 : (1) 50

2004 (2) (3) 16 1 1%-6% 2-17 2% 18 1 2 3 4 51

2004 19 20 21 (1) [ 199511 ] [1996]2 (2) 3 1 15% 2 15% [1995]645 2004 70% 10% [2002]56 52

2004 [2003]368 600 500 2004 2004 2008 3 15% 4 15% 5 33% 6 15% 2002 2004 7.5% 7 33% [1998]221 1999 8 33% 9 15% 10 33% 11 33% 53

2004 17%13% 13% 5 3 5%7% 3% 2002 4 1% 900.00 853.00 94.78% 26,997.00 16,873.125 62.50% 3,000.00 1,800.00 60.00% 5,000.00 4,000.00 60.00% 8,292.51 5,390.56 65% 7,204.29 4,769.91 66.21% 2,580.00 1,830.00 70.93% 1,100.00 990.00 90% 1,000.00 600.00 60% 2,500.00 1,700.00 68% : 100.00 100.00 100% 800.00 792.00 99% 800.00 720.00 90% 3,000.00 2,985.00 99.5% 3,000.00 1,800.00 60% 54

2004 2004 5 600 60% 2004 10 8,078,400.00 68%, 2004 10 18 2004 11, 2004 3 1800 60% 1. 2004 12 31 2003 12 31 1. 992,513.50 403,169.88 6,511.89 8.2765 53,895.66 9,774.71 8.2767 80,902.34 3,401.08 11.2627 38,305.34 1,819.53 10.3383 18,810.81 1,652.80 1.0637 1,758.08 2,111.40 1.0657 2,250.75 1,602.00 0.0797 127.68 1,602.00 0.0773 123.83 2,750.00 0.00712 19.58 2,750.00 0.00712 19.58 2. 168,005,243.13 238,213,554.24 1,608,666.05 8.2765 13,314,124.47 2,659,579.32 8.2767 22,012,539.32 311,382.50 11.2627 3,507,007.69 225,002.32 10.3383 2,326,141.48 36.19 1.0638 38.50 2,624.94 1.0657 2,797.40 27,995.00 0.0797 2,231.20 27,995.00 0.0773 2,164.01 603,132.97 7.3043 4,405,464.15 3. 3,236,410.90 952,430.90 515.66 8.27650 4,267.86 5,000.00 8.2767 41,383.50 172,234,167.53 239,569,155.02 2004 6,734 28.11% 2. 2004 12 31 2003 12 31 13,519,875.58 11,923,572.02 55

2004 3. 2004 12 31 2003 12 31 % % (%) (%) 1 223,551,022.48 90.95 5.00 10,955,298.33 199,801,110.15 93.87 5.00 9,990,055.50 1-2 14,730,564.98 5.99 10.00 1,473,056.50 3,280,384.30 1.54 10.00 328,038.43 2-3 1,911,748.33 0.78 50.00 955,874.17 8,179,119.35 3.84 50.00 4,089,559.68 3 5,603,118.59 2.28 100.00 5,603,118.59 1,578,072.77 0.74 100.00 1,578,072.77 245,796,454.38 100.00 18,987,347.59 212,838,686.57 100.00 15,985,726.38 :1 5% 5% 37,118,348.62, 22004 83,320,228.88 33.90% 4. 2004 12 31 2003 12 31 % % (%) (%) 1 9,932,224.70 53.14 5 109,277.86 9,456,402.97 62.85 5 252,086.06 1-2 3,463,823.40 18.53 10 270,272.74 4,750,998.62 31.58 10 80,137.98 2-3 4,931,756.94 26.39 50 469,842.64 248,366.91 1.65 50 82,958.64 3 361,619.79 1.94 100 361,619.79 589,285.43 3.92 100 573,241.90 18,689,424.83 100 1,211,013.03 15,045,053.93 100 988,424.58 1 5% 5% 22004 6,855,589.67 36.68% 32004 1 5,894,667.61 1,852,000.00 0.00 7,746,667.61 1-2 10,000.00 751,096.00 0.00 761,096.00 2-3 80,000.00 0.00 3,912,071.67 3,992,071.67 3 0.00 0.00 0.00 0.00 5,984,667.61 2,603,096.00 3,912,071.67 12,499,835.28 : 2003 56

2004 5. 2004 12 31 2003 12 31 % % 1 94,287,768.71 99.61 213,178,103.53 73.49 1-2 297,238.00 0.31 76,812,600.00 26.48 2-3 62,533.60 0.07 0.00 0.00 3 7,741.20 0.01 92,954.13 0.03 94,655,281.51 100.00 290,083,657.66 100.00 1 5% 5% 22004 19,543 67.37%, 32004 367,512.80 6. 2004 12 31 2003 12 31 987,507.82 21,988,898.59 987,507.82 21,988,898.59 7. 2004 12 31 2003 12 31 33,108,608.07 1,722,327.83 33,817,743.73 834,035.46 236,691,410.45 6,114,016.84 105,309,050.67 1,922,913.03 141,193,315.03 0.00 69,352,483.21 862,071.14 147,403,635.37 4,894,898.62 39,967,033.60 2,187,451.88 310,183,053.40 0.00 131,399,571.28 0.00 868,580,022.32 12,731,243.29 379,845,882.49 5,806,471.51 1 48,873 128.66% 2 2003 12 31 2004 2004 2004 12 31 834,035.46 888,292.37 0.00 1,722,327.83 2,784,984.17 3,329,032.67 0.00 6,114,016.84 0.00 0.00 0.00 0.00 2,187,451.88 2,707,446.74 0.00 4,894,898.62 0.00 0.00 0.00 0.00 5,806,471.51 6,924,771.78 0.00 12,731,243.29 3 57

2004 4 2004 12 31 2003 3 2008 3 3 99,162,033.71 2004 6 2008 8 15 295,148,037.69 2005 9 2007 1 5 19,297,725.00 413,607,796.40 2004 5 5 2004 12 31 1998 4 8,642,958.37 1,911,058.37 6,731,900.00 2000 7 11,382,280.25 2,983,840.25 8,398,440.00 2004 7 6,349,926.69 0.00 6,349,926.69 2003 6 18,670,163.30 0.00 18,670,163.30 45,045,328.61 4,894,898.62 40,150,429.99 8,642,958.37 ( ) 11,382,280.25, 4,894,898.62 62004 5,853, 4,233, 1,620 8. 1 2003 12 31 2004 2004 2004 12 31 20,067,152.26 9,200.00 17,370,903.84 1,337,318.46 36,309,037.64 217,500.00 0.00 0.00 0.00 0.00 0.00 0.00 20,067,152.26 9,200.00 17,370,903.84 1,337,318.46 36,309,037.64 217,500.00 2-2004 2004 % 12 31 800,000.00 6.25 0.00 0.00 800,000.00 0.00 TMA 610,618.10 30.00 0.00 0.00 610,618.10 0.00 GOLDEN ERGET,LLC 827,730.00 25.00 600,000.00 15.625 1,450,000.00 3.62 1,000,000.00 2.00 0.00 0.00 827,730.00 0.00 0.00-100,000.00 500,000.00 0.00 0.00 0.00 1,450,000.00 217,500.00 0.00 0.00 1,000,000.00 0.00 58

2004 345,000.00 1.00 345,000.00 1.00 13,720,000.00 49.00 0.00 0.00 345,000.00 0.00 0.00 0.00 345,000.00 0.00 0.00 0.00 13,720,000.00 0.00 18,345,628.29-1,129,018.46-1,634,938.75 16,710,689.54 38,043,976.39-1,129,018.46-1,734,938.75 36,309,037.64 217,500.00 A TMA GOLDEN ERGET,LLC TMA GOLDEN ERGET,LLC B2004 5 9,623,875 7,699,100 1,878,928.26 2004 5 9 5 C2004 7, 1,372, 49%, 6 18 7 8 D 2004 10 8,078,400.00 17,000,000 68% 1,700 2,482,400.00 710,858.54 1,771,975.58 2004 11 11 2 3 2004 2004 12 31 3,996,706.00 30 133,223.52 3,630,341.31 2,412,555.36 12 8 190,464.84 2,110,986.03 3,876,645.33 9 430,738.32 3,338,222.43 2,801,007.81 10 225,229.47 2,552,726.34 1,771,975.58 11 2 26,447.40 1,745,528.18 3,486,738.21 28 2 122,914.91 3,332,885.25 18,345,628.29 1,129,018.46 16,710,689.54 59

2004 9. (1) 2003 12 31 2004 2004 2004 12 31 203,223,249.65 44,352,492.32 3,290,883.59 244,284,858.38 383,921,408.32 161,029,799.24 19,577,295.70 525,373,911.86 15,918,175.55 2,782,320.45 1,859,841.50 16,840,654.50 15,371,382.54 2,545,768.34 1,551,107.13 16,366,043.75 618,434,216.06 210,710,380.35 26,279,127.92 802,865,468.49 44,828,678.30 9,776,983.42 798,430.82 53,807,230.90 185,410,938.77 35,982,514.68 15,449,419.57 205,944,033.88 7,744,608.49 1,595,712.15 1,415,924.07 7,924,396.57 9,452,562.40 1,171,669.94 1,374,860.01 9,249,372.33 247,436,787.96 48,526,880.19 19,038,634.47 276,925,033.68 1,422,247.58 0.00 0.00 1,422,247.58 998,435.86 1,316,230.80 0.00 2,314,666.66 1,195.20 0.00 0.00 1,195.20 38,559.33 0.00 0.00 38,559.33 2,460,437.97 1,316,230.80 0.00 3,776,668.77 368,536,990.13 522,163,766.04 2004 2004 (2) 11-12 2004 10 31 2004 11-12 2004 11-12 2004 12 31 20,083,633.21 0.00 0.00 20,083,633.21 26,408,174.37 471,932.70 22,445.00 26,857,662.07 0.00 0.00 0.00 0.00 557,840.00 0.00 24,500.00 533,340.00 47,049,647.58 471,932.70 46,945.00 47,474,635.28 1,088,589.76 143,624.82 0.00 1,232,214.58 18,501,369.23 1,135,588.30 18,026.75 19,618,930.78 0.00 0.00 0.00 0.00 533,615.00 1,581.25 23,275.00 511,921.25 20,123,573.99 1,280,794.37 41,301.75 21,363,066.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 60

2004 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 26,926,073.59 26,111,568.67 10. 2003 12 31 2004 2004 2004 2004 12 31 150 0.00 355,194.51 0.00 0.00 355,194.51 23.68% 4,173 3,264,957.00 5,227,382.89 8,492,339.89 0.00 0.00 100.00% 150 226,163.00 1,131,624.00 1,357,787.00 0.00 0.00 90.52% 2,516 177,000.00 11,476,588.27 0.00 0.00 11,653,588.27 46.32% 360 55,046.00 2,452,653.50 0.00 0.00 2,507,699.50 68.13% 1,000 43,936.00 0.00 43,936.00 0.00 0.00 0.40% 350 0.00 2,324,633.44 0.00 0.00 2,324,633.44 66.42% APT 150 0.00 505,956.20 0.00 0.00 505,956.20 33.73% 300 0.00 2,904,046.83 2,904,046.83 0.00 0.00 96.80% 500 0.00 78,650.00 0.00 0.00 78,650.00 1.60% 22,997 2,117,116.37 104,555,998.50 92,953,454.99 0.00 13,719,659.88 46.00% 5,743 62,925,931.16 0.00 62,925,931.16 0.00 0.00 110.00% 7,498 13,695,724.98 47,971,652.03 300,000.00 0.00 61,367,377.01 82.00% 467 2,029,634.32 18,106.01 1,535,918.83 0.00 511,821.50 44.00% 67 29,377.31 354,341.06 0.00 383,718.37 57.00% 1,018 5,080,612.85 6,298,350.78 10,904,611.68 0.00 474,351.95 112.00% 200 0.00 2,315,248.85 0.00 0.00 2,315,248.85 116.00% 214 0.00 116,311.20 0.00 0.00 116,311.20 5.00% 61

2004 119 0.00 1,282,130.43 685,341.70 0.00 596,788.73 108.00% 336 0.00 64,221.46 47,414.25 0.00 16,807.21 2.00% 990 6,972,011.06 3,090,062.93 6,431,878.94 0.00 3,630,195.05 102.00% 48 20,151.10 0.00 8,935.00 0.00 11,216.10 4.00% 38 0.00 139,579.00 139,579.00 0.00 0.00 37.00% 11,450 12,301,882.49 10,465,361.77 0.00 0.00 22,767,244.26 19.88% 40 347,978.45 4,000.00 0.00 0.00 351,978.45 87.99% 2,000 0.00 389,489.90 4,800.00 0.00 384,689.90 1.95% 50 0.00 276,800.00 0.00 0.00 276,800.00 55.36% 3,000 1,613,428.23 3,432,188.73 2,870,100.00 0.00 2,175,516.96 16.82% 1,400 839,552.86 1,306,378.68 760,990.16 0.00 1,384,941.38 15.33% 100 133,435.45 113,726.54 9,000.00 0.00 238,161.99 24.72% 4,300 0.00 2,134,228.02 0.00 0.00 2,134,228.02 4.96% 200 470,317.56 2,189,954.87 2,439,747.01 0.00 220,525.42 133.00% 270 0.00 101,506.80 0.00 0.00 101,506.80 3.50% 6,530 0.00 900,000.00 0.00 0.00 900,000.00 1.38% 20 0.00 168,500.00 0.00 0.00 168,500.00 112,344,256.19 214,144,867.20 194,815,812.44 0.00 131,673,310.95 2003 12 31 2004 2004 2004 2004 12 31 84.25% 1,719,958.16 1,079,765.00 0.00 300,000.00 2,499,723.16 1,348,710.04 0.00 248,710.04 1,100,000.00 0.00 452,925.00 986,468.63 639,393.63 800,000.00 0.00 193,704.00 0.00 0.00 0.00 193,704.00 3,715,297.20 2,066,233.63 888,103.67 2,200,000.00 2,693,427.16 (1) 2004 12 31 3,387 20,103 (2) 1,079,765.00 6,000 2,000 2002/02/21-62

2004 2004/10/11 4.185 2,000 2002/11/15-2004/11/15 4.1175 2,000 2004/05/28-2006/05/28 4.1175 2003 12 1,000 2004 5 3,000 2002 2 2004 12, 30 (3) 110 (4) 986,468.63 2,000 ( 2003/07/09-2005/07/09 4.1175) 2003 3 80 639,393.63 (5)2004 11. 63 2003 12 31 2004 2004 13,910,000.00 5,563,999.76 0.00 0.00 0.00 90,083,478.08 82,556,974.32 0.00 18,389.80 0.00-23,594,205.98 22,464,182.58 0.00 0.00 0.00-5,570,488.00 3,952,044.54 0.00 0.00 0.00-13,481,373.03 11,829,161.81 0.00 0.00 0.00-6,218,387.65 5,830,498.25 0.00 18,389.80 0.00-1997 7,733,585.00 6,796,085.02 0.00 0.00 0.00-6,211,354.25 6,004,309.09 0.00 0.00 0.00-2002 4,190,526.00 4,078,778.64 0.00 0.00 0.00-2,385,438.20 2,302,706.24 0.00 0.00 0.00-5,661,470.76 5,604,856.08 0.00 0.00 0.00-12,050,160.00 10,845,143.70 0.00 0.00 0.00-1,127,889.21 1,112,814.93 0.00 0.00 0.00-964,700.00 894,637.70 0.00 0.00 0.00-893,900.00 841,755.74 0.00 0.00 0.00 4,373,245.92 3,917,699.45 0.00 0.00 0.00 4,036,800.00 3,801,320.07 0.00 0.00 0.00 5,793,200.00 5,584,001.14 0.00 0.00 0.00

2004 3,141,700.71 0.00 0.00 3,141,700.71 0.00 121,338,424.71 101,423,994.74 0.00 3,160,090.51 0.00 : 2004 12 31 2004 1,391,000.04 9,737,000.28 4,172,999.72 0.00 3 2,016,433.87 9,524,547.83 80,558,930.25 0.00-524,180.58 1,654,203.98 21,940,002.00 0.00 42-271,731.12 1,890,174.58 3,680,313.42 0.00 13 6-283,333.20 1,935,544.42 11,545,828.61 0.00 40 9-124,412.49 493,912.09 5,724,475.56 0.00 46-1997 154,671.72 1,092,171.70 6,641,413.30 0.00 42 11-88,733.64 295,778.80 5,915,575.45 0.00 66 8-2002 83,810.52 195,557.88 3,994,968.12 0.00 47 8-55,154.64 137,886.60 2,247,551.60 0.00 40 9-113,229.36 169,844.04 5,491,626.72 0.00 48 6-241,003.60 1,446,019.90 10,604,140.10 0.00 44-22,256.28 37,330.56 1,090,558.65 0.00 48-24,120.00 94,182.30 870,517.70 0.00 36-29,796.72 81,940.98 811,959.02 0.00 27 3 546,655.80 1,002,202.27 3,371,043.65 0.00 6 2 3,801,320.07 4,036,800.00 0.00 0.00 193,106.64 402,305.50 5,390,894.50 0.00 27 11 20,944.68 20,944.68 3,120,756.03 0.00 49 8 7,969,461.10 24,723,800.56 96,614,624.15 0.00 2004 12. 2004 12 31 2003 12 31 0.00 29,384,000.00 0.00 0.00 97,579,943.84 49,000,000.00 293,942,968.00 152,500,000.00 391,522,911.84 230,884,000.00 12004 9,757.99 3,240 1,398.40 1,200 1,000 300 7,138.40 1,400 1,000 64

2004 219.59 2,619.59 22004 2004/01/08-2005/01/08 16,800.00 2004/04/30-2005/04/30 5,000.00 2004/08/31-2005/08/31 2,000.00 2004/09/02-2005/09/02 1,000.00 2004/07/30-2005/07/30 2,000.00 2004/08/31-2005/08/29 1,000.00 2004/10/18-2005/10/18 2,000.00 2004/11/03-2005/05/03 2,000.00 2004/09/23-2005/09/18 2,500.00 2004/09/27-2005/09/18 1,500.00 2004/09/27-2005/09/27 2,000.00 2004/07/21-2005/01/21 2,000.00 2004/11/17-2005/05/17 2,000.00 2004/11/10-2005/11/12 400.00 2004/11/12-2005/11/26 1,000.00 2004/12/01-2005/05/31 1,000.00 2004/01/07-2005/01/07 200.00 2004/04/30-2005/04/30 900.00 2004/01/19-2005/01/19 300.00 2004/05/13-2005/05/10 500.00 2004/02/06-2005/02/06 21.52 2004/07/30-2005/07/20 100.00 2004/06/25-2005/06/25 100.00 2004/01/15-2005/01/14 200.00 2004/02/06-2005/01/25 200.00 2004/02/13/2005/02/12 200.00 2004/03/12-2005/03/11 140.00 2004/05/26-2005/05/25 300.00 2004/06/15-2005/06/14 300.00 2004/07/12-2005/07/11 200.00 2004/10/22-2005/10/20 1,000.00 2004/11/18-2005/11/17 300.00 2004/12/21-2005/12/20 200.00 2004/02/23-2005/02/22 1,000.00 65

2004 2004/11/04-2005/11/04 200.00 2004/04/30-2005/04/30 300.00 2004/06/04-2005/06/03 398.40 2004/06/30-2005/06/29 200.00 2004/07/09-2005/07/09 300.00 2004/10/25-2005/10/24 200.00 2004/04/19-2005/04/18 1,000.00 39,152.29 32004 16,063.89 13. 2004 12 31 2003 12 31 23,264,500.00 9,000,000.00 14. 2004 12 31 2003 12 31 % % 1 91,500,167.84 98.21 35,401,058.62 98.88 1-2 1,274,943.77 1.37 281,677.33 0.79 2-3 288,298.13 0.31 83,967.61 0.23 3 102,751.19 0.11 33,682.35 0.09 93,166,160.93 100.00 35,800,385.91 100.00 1 5% 5% 22004 5,737 15. 2004 12 31 2003 12 31 % % 1 75,621,281.56 98.21 143,608,028.50 95.69 1-2 302,395.92 0.39 5,594,488.40 3.73 2-3 316,159.66 0.41 515,613.48 0.34 3 755,948.69 0.99 359,192.16 0.24 76,995,785.83 100.00 150,077,322.54 100.00 1 5% 5% 2 32004 12 7,308 8,460 66

2004 4 2004 12 31 2003 12 31 ( ) 469,800.00 141,527,093.50 2004 7 88.00% 381,014.59 1,765,242.59 2003 4 75.00% 57,836,960.00 0.00 2005 6 60.00% 58,687,774.59 143,292,336.09 16. 2004 21,366,932.34 5,195,188.43 16,171,743.91 5,195,188.43 17. 2004 156,720.00, 18. 2004 12 31 2003 12 31-6,909,204.40-29,099,982.70-1,196,687.59-4,800,920.80 65,759.41-163,439.38 5,913,644.84 8,174,389.34 432,628.42 749,931.05-1,693,859.32-25,140,022.49 :1-2004 -6,909,204.40 87,72,975.61, 436,803.17 2-2004 -1,196,687.59 19. 2004 12 31 3% 102,791.59 3% 4% 70,153.98 1% -76,578.27 3.5% -63,453.21 67

2004 5% -124,928.19 1 187,547.15 95,533.05 20. 2004 12 31 2003 12 31 % % 1 124,753,625.93 45.08 101,964,505.32 58.40 1-2 79,882,327.67 28.86 70,569,522.27 40.42 2-3 70,133,729.13 25.34 91,401.97 0.05 3 1,975,000.00 0.72 1,967,510.79 1.13 276,744,682.73 100.00 174,592,940.35 100.00 1 5% 5% 22004 15,673 6,874 32004 10,215 6,874, 2,966 21. 2004 12 31 2003 12 31 1,002,897.00 792,330.00, 6,240,222.22 2,333,549.16 7,243,119.22 3,125,879.16 22. 2004 12 31 2003 12 31 0.00 0.00 0.00 0.00 0.00 130,000,000.00 20,000,000.00 0.00 20,000,000.00 130,000,000.00 : 12004 2,000 22004 68 2003/07/09-2005/07/09 2,000.00 2,000.00

2004 23. 2004 12 31 2003 12 31 60,000,000.00 0.00 0.00 0.00 0.00 0.00 51,000,000.00 70,000,000.00 111,000,000.00 70,000,000.00 :12004 6,000 5,000 1000, 5,100 1,100 4,000 22004 2003/10/16-2006/10/16 1,100.00 2004/05/17-2006/05/17 2,000.00 2004/05/28-2006/05/28 2,000.00 2004/12/17-2007/12/16 3,000.00 2004/12/17-2007/12/16 2,000.00 2004/03/24-2006/03/24 1,000.00 11,100.00 24. 2004 12 31 2003 12 31 [2000]507 400,000.00 1,100,000.00[2002]369 [2003]37 [2003]534 300,000.00 840,000.00 360,000.00 180,000.00 [2002]20 500,000.00 500,000.00 [2003]389 200,000.00 200,000.00 [2003]765 226,800.00 226,800.00 [2003]67 1,000,000.00 0.00 240,000.00 0.00 [2004]91 300,000.00 0.00 [2004]140 900,000.00 51,000.00 [2001]2 66,800.00 66,800.00 1,065,935.80 445,935.80 69

2004 200,000.00 300,000.00 300,000.00 0.00 100,000.00 0.00 70,879,580.82 66,435,626.64 77,519,116.62 69,866,162.44 : 1%-6% 25. 2004 10,988,559.16 26. 2004 12 31 24,000.00 2003 12 31 70 2004 2004 2004 12 31 1 90,000,000.00 90,000,000.00 180,000,000.00 47,232,000.00 47,232,000.00 94,464,000.00 28,215,000.00 28,215,000.00 56,430,000.00 14,553,000.00 14,553,000.00 29,106,000.00 2 3 4 90,000,000.00 90,000,000.00 180,000,000.00 30,000,000.00 30,000,000.00 60,000,000.00 30,000,000.00 30,000,000.00 60,000,000.00 120,000,000.00 120,000,000.00 240,000,000.00 2004 6 2003 10 2 8 0.5 27. 2003 12 31 2004 2004 2004 12 31 371,307,327.12 0.00 96,000,000.00 275,307,327.12 1,950,000.00 0.00 0.00 1,950,000.00 1,518,388.02 337,725.16 0.00 1,856,113.18 56,010.49 0.00 0.00 56,010.49

2004 223,284.76 0.00 23,732.96 199,551.80 375,055,010.39 337,725.16 96,023,732.96 279,369,002.59 2004 337,725.16 27,974.65 462,500.00 490,474.65-318,808.52 1,806.71-1,129.19 916.99, - 650.42 6,560.00-3,936.00 20,273.34-13,422.84 326.20, - 221.82 23,732.96, 2004 6 2003 2003 2003 12 31 12,000 10 2 8-9,600 28. 2003 12 31 2004 2004 2004 12 31 53,518,054.51 28,263,617.96 0.00 81,781,672.47 28,388,935.25 12,981,543.70 0.00 41,370,478.95 0.00 0.00 0.00 0.00 81,906,989.76 41,245,161.66 0.00 123,152,151.42 :2004 29. 2004 12 31 2003 12 31 110,615,647.23 54,388,882.33 27,120,935.13 755,259.48 0.00 0.00 137,736,582.36 55,144,141.81 28,263,617.96 14,021,402.70 12,981,543.70 8,001,803.98 96,491,420.70 33,120,935.13 0.00 0.00 48,000,000.00 6,000,000.00 24,000,000.00 0.00 24,491,420.70 27,120,935.13 71

2004 30. 2003 12 31 2004 2004 2004 12 31 6,000,000.00 48,000,000.00 6,000,000.00 48,000,000.00 :2004 2004 31. 1 2004 2003 1,229,043,672.27 622,850,658.65 107,598,938.31 32,037,961.99 152,384,777.18 120,322,558.80 2,284,877.12 1,532,691.59 1,491,312,264.88 776,743,871.03 2004 71,457 92.00% - 10,760 7,556 15,285 9,818 2003 10 26,322 2004 440,505,586.03 29.54% 2 2004 2003 898,924,304.07 467,450,531.91 97,522,535.05 28,555,821.72 101,870,982.92 73,693,759.87 1,797,687.89 1,236,178.82 1,100,115,509.93 570,936,292.32 2004 52,918 92.69% - 9,752 6,896 10,633 7,102 2003 10 15,074 3 2004 2003 762,416,597.20 309,899,580.01 728,895,667.68 466,844,291.02 1,491,312,264.88 776,743,871.03 72

2004 309,899,580.01 225,501,779.68 466,844,291.02 345,434,512.64 1,100,115,509.93 570,936,292.32 4 2004 2003 1,229,043,672.27 622,850,658.65 107,598,938.31 32,037,961.99 152,384,777.18 120,322,558.80 2,284,877.12 1,532,691.59 1,491,312,264.88 776,743,871.03 1,491,312,264.88 776,743,871.03 898,924,304.07 467,450,531.91 97,522,535.05 28,555,821.72 101,870,982.92 73,693,759.87 1,797,687.89 1,236,178.82 1,100,115,509.93 570,936,292.32 1,100,115,509.93 570,936,292.32 32. 2004 2003 5% 7,742,336.05 6,099,763.43 5%7% 1,758,326.85 668,369.00 3% 765,360.41 310,252.96 1% 273,931.96 37,396.35 5% 56,782.75 519,778.88 10,596,738.02 7,635,560.62 2004 296 3,206 33. 2004 2003 2,817,805.19 5,309.79 2.55% 0.01% 34. 2004 2003 38,675,250.42 25,362,102.45 38,675,250.42 25,362,102.45 2004 1,331 816, 35. 2004 2003 137,433,091.42 76,114,639.23 137,433,091.42 76,114,639.23 73

2004 2004 6,132 4,081,, 2,792 36. 2004 2003 21,103,242.60 10,547,639.00 1,642,324.78 4,602,845.78-1,317,486.51-543,123.00 : 553,682.96 2,813,247.00 5,240,000.00 200,000.00 702,552.22 398,716.88 13,052,300.57 2,787,140.10 2004 1,026 380 37. 2004 2003 (1) : 0.00 0.00 (2) : ( ) 1,063,010.40 141,934.32 ( ) -122,914.91-23,015.66-1,006,103.55-406,002.64 0.00 0.00 0.00 0.00-66,008.06-287,083.98-66,008.06-287,083.98 : 38. 2004 2003 960,000.00 2,443,000.00 960,000.00 2,443,000.00 39. 2004 2003 390,470.79 81,949.87 5,120.00 0.00 1,914.50 3,595.10 351,586.40 471,568.09 749,091.69 557,113.06 74

2004 40. 2004 2003 976,764.80 170,435.40 1,316,230.80 0.00 264,407.33 119,075.44 18,000.00 126,140.00 89,177.89 279,276.63 2,664,580.82 694,927.47 41. 2004 2003 18,970,125.23 16,789,857.64 42. 2004 55,796,889.15 1,509,545.03 17,797,839.13 960,000.00 35,529,504.99 43. 2004 89,376,799.58 22,946,348.86 28,560,609.41 44. 2004 72,664,799.58 68,744,086.25 45. 2004 24,869,084.03 24,869,084.03 46. 2004 12 31 2003 12 31 % % (%) (%) 1 96,559,138.06 98.39 5 4,241,847.10 107,309,728.87 100.00 5.00 4,001,384.46 75

2004 1-2 1,581,240.00 1.61 10 158,124.00 0.00 0.00 10.00 0.00 2-3 0.00 0.00 50 0.00 0.00 0.00 50.00 0.00 3 0.00 0.00 100 0.00 0.00 0.00 100.00 0.00 98,140,378.06 100 4,399,971.10 107,309,728.87 100.00 4,001,384.46 1 5% 5% 4,500,000.00, 22004 12 49,241,763.56 50.17% 32004 1 11,722,196.00 11,722,196.00 11,722,196.00 11,722,196.00 47. 2004 12 31 2003 12 31 % % (%) (%) 1 143,913,453.80 99.42 5.00 3,164.27 1,168,304.12 92.38 5.00 8,723.56 1-2 754,096.00 0.52 10.00 300.00 3,300.00 0.26 10.00 330.00 2-3 3,300.00 0.00 50.00 1,650.00 0.00 0.00 50.00 0.00 3 93,106.25 0.06 100.00 93,106.25 93,106.25 7.36 100.00 93,106.25 144,763,956.05 100.00 98,220.52 1,264,710.37 100.00 102,159.81 1 5% 5% 22004 142,092,875.77 98.15% 32004 14,350 13,966 42004 1 374,073.06 1,060,000.00 142,416,095.33 143,850,168.39 12 0.00 751,096.00 0.00 751,096.00 374,073.06 1,811,096.00 142,416,095.33 144,601,264.39 48. 1 2003 12 31 2004 12 31 370,235,458.68 0.00 234,739,401.40 19,782,971.09 585,191,888.99 0.00 0.00 0.00 0.00 0.00 0 0.00 370,235,458.68 0.00 234,739,401.40 19,782,971.09 585,191,888.99 0.00 76

2004 2004 234,739,401.40, 93,122,759.78 96,337,500.00 7,744,946.74 4,950,000.00 6,000,000.00 22,595,565.88 337,725.16 3,650,903.84 2004 19,782,971.09 1,818,180.91 2003 16,958,686.63 1,006,103.55 2-2004 2004 12 31 % 8,530,000.00 94.78 1,931,345.06 7,637,347.26 16,167,347.26 0.00 168,731,250.00 62.50 18,657,402.92 79,603,261.29 248,334,511.29 0.00 19,800,000.00 60.00 11,735,071.86 13,197,058.70 32,997,058.70 0.00 40,000,000.00 60.00 3,261,714.72 1,654,666.08 41,654,666.08 0.00 94,900,000.00 65.00 33,042,444.01 39,107,346.89 134,007,346.89 0.00 47,749,875.00 66.21 4,676,972.88 5,520,941.54 53,270,816.54 0.00 17,956,387.89 70.93 607,181.61 770,832.09 18,727,219.98 0.00 9,900,000.00 90.00 1,610,230.92 1,610,230.92 11,510,230.92 0.00 6,000,000.00 60.00-701,739.86-701,739.86 5,298,260.14 0.00 25,078,400.00 68.00-1,853,968.81-1,853,968.81 23,224,431.19 0.00 438,645,912.89 72,966,655.31 146,545,976.10 585,191,888.99 0.00 : 2004 5 600 1,000 60% 2004 5 26 9,623,875 7,699,100 1,878,928.26 2004 5 9 5 2004 10 8,078,400.00 17,000,000 68% 1,700 2,482,400.00 77

2004 710,858.54 1,771,975.58 2004 11 11 2 2004 3 2004 12 31 2004 3,996,706.00 30 133,223.52 3,630,341.31 12 8 2,412,555.36 190,464.84 2,110,986.03 3,876,645.33 9 430,738.32 3,338,222.43 2,801,007.81 9 5 225,229.47 2,552,726.34 11 2 1,771,975.58 26,447.40 1,745,528.18 14,858,890.08 1,006,103.55 13,377,804.29 49. 1 2004 2003 543,504,341.32 400,281,367.76 107,598,938.31 32,037,961.99 15,315,512.84 9,672,104.70 666,418,792.47 441,991,434.45 2 2004 2003 476,254,158.32 341,327,442.32 97,522,535.05 28,555,821.72 10,970,716.97 9,286,424.86 584,747,410.34 379,169,688.90 50. 2004 2003 (1) : 0.00 0.00 (2) : ( ) 0.00 0.00 ( ) 91,304,578.87 35,150,342.88-1,006,103.55-375,064.59 0 0.00 0 0.00 90,298,475.32 34,775,278.29 90,298,475.32 34,775,278.29 : 78

2004 2003 12 31 2004 2004 2004 12 31 550,180,000.00 550,180,000.00 9,000,000.00 9,000,000.00 115,830,000.00 154,140,000.00 269,970,000.00 50,000,000.00 50,000,000.00 30,000,000.00 30,000,000.00 1,000,000.00 1,000,000.00 8,000,000.00 8,000,000.00 8,000,000.00 8,000,000.00 8,000,000.00 10,000,000.00 30,000,000.00 30,000,000.00 30,000,000.00 82,925,144.03 82,925,144.03 72,042,900.00 72,042,900.00 25,800,000.00 25,800,000.00 5,500,000.00 5,500,000.00 11,000,000.00 10,000,000.00 10,000,000.00 25,000,000.00 25,000,000.00 2003 12 31 2004 2004 2004 12 31 % % % % ( ) 47,232,000.00 39.36 47,232,000.00 94,464,000.00 39.36 8,530,000.00 94.78 8,530,000.00 94.78 79

2004 72,393,750.00 62.50 96,337,500.00 168,731,250.00 62.50 30,000,000.00 60.00 30,000,000.00 60.00 18,000,000.00 60.00 18,000,000.00 60.00 1,00,000.00 100.00 1,00,000.00 100.00 7,920,000.00 99.00 7,920,000.00 99.00 7,200,000.00 90.00 7,200,000.00 90.00 7,960,000.00 99.50 21,890,000.00 29,850,000.00 99.50 18,000,000.00 60.00 18,000,000.00 60.00 53,905,629.03 65.00 53,905,629.03 65.00 40,000,000.00 55.52 7,699,100.00 10.69 47,699,100.00 66.21 18,300,000.00 70.93 18,300,000.00 70.93 4,950,000.00 90.00 4,950,000.00 9,900,000.00 90.00 6,000,000.00 60.00 6,000,000.00 60.00 17,000,000.00 68.00 17,000,000.00 68.00 1 2003 10 2003 10 2 3 2004 2003 1,182,500.00 29.88% 2,775,000.00 70.12% 43,118,437.39 9.88% 43,118,437.39 3,957,500.00 100% 4 2004 2003 25,444,100.00 3.76% 80

2004 10,171,000.00 1.51% 4,675,000.00 0.69% 53,479,600.00 3.07% 34,274,500.00 5.07% 53,479,600.00 3.07% 74,564,600.00 11.03% 5 2004 2003 81 110,005,195.33 100% 44,952,853.60 100% 110,005,195.33 100% 44,952,853.60 100% 6 1 2004 12 31 13,100 145,081,951.00 4.2(4 4.65%) 7,370,451.73 2 2004 12 31 1,000 10,000,000.00 4.2(4 4.65%) 664,992.60 3 2004 12 31 100 1,652,212.68 4.2(4 4.65%) 253,288.68 7 1 2004 12 31, :

2004 200.00 2004/01/07-2005/01/07 1,000.00 2004/12/01-2005/05/31 300.00 2004/04/30-2005/04/30 398.40 2004/06/04-2005/06/03 200.00 2004/06/30-2005/06/29 300.00 2004/07/09-2005/07/09 200.00 2004/10/25-2005/10/24 200.00 2004/01/15-2005/01/14 200.00 2004/02/06-2005/01/25 200.00 2004/02/13-2005/02/12 140.00 2004/03/12-2005/03/11 300.00 2004/05/26-2005/05/25 300.00 2004/06/15-2005/06/14 200.00 2004/07/12-2005/07/11 1,000.00 2004/10/22-2005/10/20 300.00 2004/11/18-2005/11/17 200.00 2004/12/21-2005/12/20 200.00 2004/11/04-2005/11/04 300.00 2004/01/19-2005/01/19 1,000.00 2004/04/19-2005/04/18 2004 12 31 7,138.40 2 2004 12 31, 2,619.59 : 82

2004 400.00 2004/11/10-2005/11/12 1,000.00 2003/11/12-2005/11/26 1,000.00 2004/02/23-2005/02/22 21.52 2004/02/10-2005/02/05 8 1 2004 12 31 2003 12 31 37,118,348.62 15.10% 16,041,148.60 7.54% 37,118,348.62 15.10% 16,041,148.60 7.54% 2 2004 12 31 2003 12 31 156,734,163.68 56.63% 155,276,323.27 88.94% 156,734,163.68 56.63% 155,276,323.27 88.94% 1 1 2004 12 31 71 2 2004 12 31 9,451 2, 2004 12 31, 83

2004 1, 200.00 2004/01/07-2005/01/07 200.00 2004/01/15-2005/01/14 200.00 2004/02/06-2005/01/25 200.00 2004/02/13-2005/02/12 300.00 2004/01/19-2005/01/19 2, 1,200.00 2005/01/06-2006/01/06 2,000.00 2005/02/01-2005/05/31 360.00 2005/01/26-2006/01/25 200.00 2005/02/06-2006/01/28 1,500.00 2005/01/06-2005/12/24 11,298.4 3 2005 3 15 2004 110,615,647.23 27,120,935.13 2004 2003 10 2 24,000,000.00 113,736,582.36 10% 28,263,617.96 10% 10% 12,981,543.70 72,491,420.70 2004 12 31 24,000 10 2.00 48,000,000.00 24,491,420.70 4, 84

2004 1 2004 4 12 90 2004 3 16 2 2004 10 8,078,400.00 68%, 2004 10 18 2004 11 1 2004 10 31 20,711,851.96 26,926,073.59 47,771,925.55 39,543,152.19 39,543,152.19 25,000,000.00 8,228,773.36 2 2004 1112 2,818,494.51-1,486,900.59-1,773,458.36-1,641,825.07-1,641,825.07 3, 2004 6,200,000.00 749,091.69-253,288.67 1,345,376.74 5,350,426.28 331,452.26 5,018,974.02 2005 3 15 85

2004 2004 86 (%) () 53.23 57.46 1.59 1.59 27.17 29.33 0.81 0.81 15.47 16.70 0.46 0.46 14.77 15.94 0.44 0.44 32.48 33.16 1.65 1.65 15.39 15.72 0.78 0.78 2003 8.91 9.10 0.45 0.45 8.59 8.77 0.44 0.44 1 4,103,544.27 394,647.35 0.00 0.00 0.00 4,498,191.62 4,001,384.46 398,586.64 0.00 0.00 0.00 4,399,971.10 102,159.81-3,939.29 0.00 0.00 0.00 98,220.52 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,013.03 687,410.64 0.00 0.00 0.00 691,423.67 4,013.03 687,410.64 0.00 0.00 0.00 691,423.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2004 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,107,557.30 1,082,057.99 0.00 0.00 0.00 5,189,615.29 2 16,974,150.96 3,224,209.66 0.00 0.00 0.00 20,198,360.62 15,985,726.38 3,001,621.21 0.00 0.00 0.00 18,987,347.59 988,424.58 222,588.45 0.00 0.00 0.00 1,211,013.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,806,471.51 6,924,771.78 0.00 0.00 0.00 12,731,243.29 4,972,436.05 6,036,479.41 0.00 0.00 0.00 11,008,915.46 834,035.46 888,292.37 0.00 0.00 0.00 1,722,327.83 9,200.00 208,300.00 0.00 0.00 0.00 217,500.00 9,200.00 208,300.00 0.00 0.00 0.00 217,500.00 0.00 0.00 0.00 0.00 0.00 0.00 2,460,437.97 1,316,230.80 0.00 0.00 0.00 3,776,668.77 1,422,247.58 0.00 0.00 0.00 0.00 1,422,247.58 1,038,190.39 1,316,230.80 0.00 0.00 0.00 2,354,421.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25,250,260.44 11,664,159.33 0.00 0.00 0.00 36,914,419.77 87

2004 2005 3 15 88