==2004== 2005 2 4 1

...3...3...4...6...9...12...14...16...24...26...29...29...30...39 67 2

LU THAI TEXTILE CO. LTD 81 81 0533-5285166 5418361 0533-5285166 5418361 0533-5418833 5282188 0533-5418833 5282188 qinguiling@lttc.com.cn wyzheng@lttc.com.cn 11 255086 81 11 3

255100 lttc@public.zbptt.sd.cn www.lttc.com.cn www.cninfo.com.cn A B 000726 200726 2003 8 7 000066 370302613281175 20 F 88 333 12 320,014,083.15 279,941,408.18 277,596,286.39 531,950,472.69 4

23,288,289.56 325,822,216.66 1,429,326.97 39,550.00-7,277,010.48 313,250,992.78 148,601,341.97 2,345,121.79-1,611,850.72 484,120.71 6,153,880.75-2,592,659.76 150,187.11-61,817.92 2,345,121.79 2004 2004 12 31 279,940 1,582,821 96 2,572-3,230 252 -- -8,924 397 397 22 22-5,411 5,411 277,772 1,565,675 2004 2003 2002 1,890,862,212.62 1,270,512,428.80 950,880,441.60 279,941,408.18 191,733,924.99 125,549,895.66 3,988,874,922.84 2,590,761,099.64 1,794,493,875.10 (1,582,821,884.51 1,452,130,681.15 1,259,945,820.56 ) 5

0.66 0.45 0.36 3.75 3.44 3.58 3.74 3.44 3.56 0.74 0.21 0.80 17.69% 13.20% 9.96% (%) ( / ) 33.61 35.06 1.26 1.26 20.59 21.48 0.77 0.77 17.69 18.45 0.66 0.66 17.54 18.29 0.66 0.66 422,432,400 740,167,608.62 79,041,663.36 37,530,421.89 172,930,658.88 27,928.40 1,452,130,681.15 0 9,174,224.66 28,989,959.81 14,494,979.91 279,941,408.18 332,600,572.56 0 201,897,089.72 12,279.48 201,909,369.20 422,432,400 749,341,833.28 108,031,623.17 52,025,401.80 250,974,977.34 15,648.92 1,582,821,884.51 2004 1 118,232,400 59,116,200 + - 118,232,400 59,116,200 6

59,116,200 59,116,200 2 3 4 118,232,400 118,232,400 1 141,960,000 2 162,240,000 141,960,000 162,240,000 3 4 304,200,000 304,200,000 422,432,400 422,432,400 1 2000 12 5000 17.80 2000 12 25 A 2003 12 26 4,056 404,382 2 1 24,055 B 8,540 2 (%) 0 59,116,200 14.00 0 59,116,200 14.00 +8,293,500 8,593,500 2.03 HTHK VALUE PARTNERS INTELLIGENT FD-CHINA B SHS FD +7,353,522 7,353,522 1.74 B +4,812,280 6,961,545 1.65 A DBS VICKERS(HONG KONG) LTD A/C CLIENTS +3,755,216 5,682,689 1.35 B -337,482 4,600,000 1.09 B 7

+3,794,650 4,267,172 1.01 B TOYO SECURITIES ASIA LIMIYED-A/C CLIENT +532,282 4,262,010 1.01 B +3,922,714 3,922,714 0.93 A 1 10 2 A B 3 3 10% 1 3734 1998 9 25 2004 10 13 3734 2004 10 20 21% 1990 5911.62 14% 21% 14% 2 6 1985 1 29 20 5911.62 14% 8

4 10 ( ) 8,593,500 HTHK VALUE PARTNERS INTELLIGENT FD-CHINA B SHS FD 7,353,522 B 6,961,545 A DBS VICKERS(HONG KONG) LTD A/C CLIENTS 5,682,689 B 4,600,000 B 4,267,172 B TOYO SECURITIES ASIA LIMIYED-A/C CLIENT 4,262,010 B 3,922,714 A 3,697,207 A 3,636,673 A 65 2004.5-2007.5 171,974 171,974 0 75 2004.5-2007.5 0 0 0 40 2004.5-2007.5 0 0 0 65 2004.5-2007.5 0 0 0 61 2004.5-2007.5 0 0 0 61 2004.5-2007.5 39,749 39,749 0 44 2004.5-2007.5 20,280 20,280 0 43 2004.5-2007.5 23,930 23,930 0 39 2004.5-2007.5 24,336 24,336 0 36 2004.5-2007.5 0 32 2004.5-2007.5 0 69 2004.5-2007.5 0 61 2004.5-2007.5 0 0 0 42 2004.5-2007.5 0 0 0 49 2004.5-2007.5 26,769 26,769 0 58 2004.5-2007.5 40,560 40,560 0 51 2004.5-2007.5 56,784 56,784 0 9

1 1940 1990 3 1993 10 1993 10 2 1930 1998 2004 3 1965 EMBA 1999 2 2004 10 2000 1 4 1940 1998 5 1944 1998 6 1944 1993 7 1961 1998 8 1962 1999 7 2000 7 2001 5 9 1966 1998 10 1970 1999 12 2001 1 10

2001 1 2004 6 2004 6 11 1973 1998 6 2001 7 2001 7 2001 9 2001 9 2003 12 2004 1 12 1936 1989 9 1993 4 1985 1 13 1944 1968 1978 1981 14 1963 1999 2 2000 7 2000 8 15 1956 1990 1 1993 10 1993 10 16 1947 1993 1999 2000 1 2004 10 2001 4 17 1954 1993 10 2002 1 1996 1 2 3000 11

3 503.73 292.87 128.70 60 2 30 35 5 18 30 3 5 10 2 2003 2003 9147 7364 421 1061 58 245 2354 50 12

1 11 3 1 5 2 11 4 6 1 11 6 4 1 11 6 4 1 11 3 1 5 2 5 2 5 1 2 3 13

4 5 2003 2004 3 30 2003 2004 2004 2003 2004 2004 2003 1 2004 4 1 2004 5 12 17 14275.9447 42243.24 33.79% 13 8315.7031 4 5960.2416 2 14

2003 2003 2003 2003 2003 2004 2003 2004 2004 4 COM 2004 5 13 3 2003 2003 2004 1 2004 7 17 2004 8 20 14 13272.9053 42243.24 31.42% 8 5962.7849 6 7310.1204 2 2004 8 21 15

2004 1 2004 9 25 2004 10 26 13 16441.6969 42243.24 38.92% 10 8315.9013 3 8125.7956 2 2004 10 27 189,086.22 16,553.18 53,195.05 27,994.14 48.83% 30.73 % 28.44 % 46.01 % 2.1 4 COM 2 2004 7 2 1.8 16

2004 7 1300 10000 7500 75% 2000 2005 3000 200 2004 7 700 99.62% 2005 1 30000 / 2004 9 XLA 30 ISO9000 ISO14000 OHSMS18000 1 80% 2 2004 2003 2004 2003 2004 2003 31,166 20,301 37,060 19,246-5,895 1,055 1,403,913 1,018,199 1,000,350 687,186 403,563 331,013 272,671 219,685 178,853 140,236 93,819 79,449 139,895 10,069 103,436 7,249 36,459 2,820 18,532 0 14,203 0 4,329 0 23,308 0 22,765 0 543 0 17

1,377 2,258 1,280 1,538 97 720 1,890,862 1,270,512 1,357,947 855,455 532,915 415,057 3 2004 % 2003 % 306,242 16.20 271,517 21.37 266,273 14.08 275,474 21.68 551,033 29.14 296,463 23.33 191,260 10.11 177,447 13.97 28,727 1.52 5,163 0.41 547,327 28.95 244,448 19.24 1,890,862 100.00 1,270,512 100.00 4 560 1019.23 14.31 60% 160 86.08 0.21 75% 200 2927.52 295.91 65% 10000 13787.66 261.15 65% 7011 40177.32 1711.38 51% 600 761.37 161.37 100% 8000 12325.15-570.92 75% 10000 28359.69-199.09 75% 1910 2355.15 0 99.62% 16822 24803.99 214.72 90% 564 19954.80-278.66 56.91% 200 247.23 4.06 10.5% 2004 2005 43,523.54 44.69 % 66,543.97 35.19% 2004 4 18

4 4 48.83% 46.01% 1 2.1 4 COM 2 2004 7 2 1.8 2004 7 1,300 3 7500 2004 5 9 10,000 75% 2,000 2005 4 3,000 200 2004 7 5 99.62% 2005 1 30,000 / 19

2004 12 31 2003 12 31 % 3,988,874,922.84 2,590,761,099.64 53.97 1,582,821,884.51 1,452,130,681.15 9.00 531,950,472.69 414,159,799.70 28.44 279,941,408.18 191,733,924.99 46.01 148,601,341.97 31,850,028.01 366.57 53.97% 9.00% 28.44% 46.01% 366.57% ISO9000 ISO14000 OHSMS18000 10.5 5000 500 ( ) 11 1 2004 1 7 15 8 3 3 20

2003 2 2004 3 30 15 11 3 3 2003 2003 2003 2003 2004 2003 2003 2004 7500 21000 4 COM 18000 19,027,632.00 99.62% 2003 3 2004 4 22 15 9 5 3 2004 4 2004 5 12 14 10 4 3 5000 5 2004 7 15 14 21

8 6 3 2004 6 2004 7 29 14 9 4 3 2004 7 2004 8 9 14 9 9500 8 2004 9 24 14 14 3 22

2004 9 2004 10 8 14 14 10.5 10 2004 10 18 14 7 2 5 3 2004 11 2004 12 16 14 6 8 3 2003 10.5 2004 2004 277,541,604.95 10% 27,754,160.50 5% 13,877,080.25 20,097,908.55 256,008,272.75 2004 2004 422,432,400 10 3.75 ( ) B 2004 1993 45 158,412,150.00 97,596,122.75 23

5 11 1 2004 3 30 3 3 2003 2003 2003 2 2004 5 12 3 3 3 2004 7 15 3 3 4 2004 7 29 3 3 2004 5 2004 9 24 3 3 24

[ ] 1 2 3 4 2004 2004 6 28 2004 24 2004 5 31 14276.07 15140.10 14587.41 2004 24 25

1 92.09 6484.71 2,332,572.24 2 1 2 56.91% 2004 9 2000 6% 26

1 1998 9 25 14% 2 2004 7 15,, 3 15140.10 4 2004 6 28 2004 24 2004 5 31 14,276.07 15,140.10 5 14,587.41 6 7 310.93 2004 7 17 1 2 2004 8 31 15,557.56 1,630.98 15,139.8 27

1,682.2 2004 3 16,822 90% 24,803.99 17,036.72 214.72 2004 9 25 1 92.09 6484.71 2,332,572.24 2 A 1 3000 2005 6 29 B 2 2400 1400 1000 2005 4 29 C 16 25838.23 10 8514.23 6 1324 4000 1000 7000 3000 1000 2005 2 25 2007 10 9 11 11 2009 9 9 9 25 12 6 3 28

4 2004 12 31 3666.06 5644.89 5% 2003 2004 5 5% 62.5 115 8 29

2005 1018 2004 12 31 2004 2004 2004 12 31 2004 2005 2 2 30

(1) 2004 12 31 : 1 351,357,922.96 202,129,045.38 202,756,580.99 149,395,562.82 2 132,866,676.47 135,558,714.00 105,349,770.73 107,454,614.18 3 61,012,946.97 20,562,625.41 38,190,139.39 34,388,957.39 4 56,085,278.21 11,091,861.65 61,659,587.35 20,759,381.69 5 168,773,664.03 155,500,940.61 115,389,745.71 139,562,224.99 6 4,251,415.44 4,251,415.44 92,731,648.01 92,731,648.01 7 597,990,599.56 421,719,271.30 458,270,554.93 297,550,785.28 8 946,874.55 6,392.00 331,441.20 1,653.86 1,373,285,378.19 950,820,265.79 1,074,679,468.31 841,844,828.22 : 9 5,457,347.73 451,782,129.79 646,343.41 182,377,270.38 15,458,263.11 20,915,610.84 451,782,129.79 646,343.41 182,377,270.38 : 10 2,727,332,815.49 1,957,466,458.78 1,680,453,425.67 1,534,407,309.85 : 10 636,984,849.35 476,722,312.07 417,303,956.70 370,095,958.05 2,090,347,966.14 1,480,744,146.71 1,263,149,468.97 1,164,311,351.80 : 13,801,165.43 10,728,665.43 12,067,545.83 12,067,545.83 2,076,546,800.71 1,470,015,481.28 1,251,081,923.14 1,152,243,805.97 11 14,448,627.36 14,448,627.36 45,220,962.12 45,220,962.12 12 381,248,838.85 97,435,374.00 112,532,317.45 74,831,005.18 2,472,244,266.92 1,581,899,482.64 1,408,835,202.71 1,272,295,773.27 : 13 122,338,596.83 53,983,182.64 106,412,060.07 55,778,782.88 14 91,070.06 188,025.14 122,429,666.89 53,983,182.64 106,600,085.21 55,778,782.88 : 3,988,874,922.84 3,038,485,060.86 2,590,761,099.64 2,352,296,654.75 31

(2) 2004 12 31 : 15 1,111,008,149.00 802,208,149.00 700,422,380.00 670,422,380.00 16 122,978,618.64 100,553,714.13 100,204,721.81 95,204,721.81 17 234,881,581.77 96,340,114.40 65,689,847.70 61,629,195.99 18 31,793,015.76 15,069,442.62 46,099,584.18 13,989,728.19 19 30,379,743.45 28,023,766.88 34,095,831.56 32,513,214.56 4,378,668.54 19,779.54 1,541,426.49 31,611.44 3,003,934.30 495,359.54 495,619.54 495,619.54 20 9,365,991.17-1,056,873.08 1,468,389.78 907,310.26 145,897.36-22,015.59 21 87,179,564.59 17,629,196.89 82,833,168.11 15,703,046.88 22 6,912,800.34 3,541,627.97 6,948,216.79 5,425,222.72 1,642,027,964.92 904,412,127.89 1,039,777,170.37 896,322,051.39 : 23 586,176,660.52 391,382,500.00 10,985,560.00 3,673,445.33 2,673,445.33 600,835,665.85 391,382,500.00 2,673,445.33 - : 2,242,863,630.77 1,295,794,627.89 1,042,450,615.70 896,322,051.39 163,189,407.56 96,179,802.79 24 422,432,400.00 422,432,400.00 422,432,400.00 422,432,400.00 : 422,432,400.00 422,432,400.00 422,432,400.00 422,432,400.00 25 749,341,833.28 749,341,833.28 740,167,608.62 740,167,608.62 26 160,057,024.97 156,495,776.94 116,572,085.25 114,864,536.19 52,025,401.80 50,838,318.12 37,530,421.89 36,961,237.87 27 92,562,827.34 256,008,272.75 14,518,508.88 20,097,908.55 158,412,150.00 158,412,150.00 158,412,150.00 158,412,150.00 15,648.92 27,928.40 1,582,821,884.51 1,742,690,432.97 1,452,130,681.15 1,455,974,603.36 3,988,874,922.84 3,038,485,060.86 2,590,761,099.64 2,352,296,654.75 32

2004 28 1,890,862,212.62 1,662,395,176.87 1,270,512,428.80 1,221,758,830.85 28 1,357,946,775.80 1,202,419,029.32 855,454,926.83 837,079,358.71 964,964.13 100.41 897,702.27 524.43 531,950,472.69 459,976,047.14 414,159,799.70 384,678,947.71 29 23,288,289.56 6,934,072.82 22,194,394.29 5,503,098.41 : 63,453,178.24 43,735,639.59 50,202,941.86 39,901,672.45 128,008,736.58 93,794,693.22 126,815,829.78 99,831,761.14 30 37,954,630.77 32,623,703.63 13,546,715.51 13,823,041.28 325,822,216.66 296,756,083.52 245,788,706.84 236,625,571.25 31 1,429,326.97 8,663,549.65-5,302,014.96 882,325.28 39,550.00-2,203,000.00 32 1,980,023.08 7,206,829.62 6,114,024.89 5,699,401.77 33 9,257,033.56 5,673,448.68 21,136,917.94 20,920,316.44 320,014,083.15 306,953,014.11 227,666,798.83 222,286,981.86 : 32,135,684.49 29,411,409.16 33,722,043.60 29,270,401.57 7,936,990.48 2,210,830.24 279,941,408.18 277,541,604.95 191,733,924.99 193,016,580.29 14,518,508.88 20,097,908.55 10,891,166.20 14,445,965.30 294,459,917.06 297,639,513.50 202,625,091.19 207,462,545.59 28,989,959.81 27,754,160.50 19,796,288.21 19,301,658.03 14,494,979.91 13,877,080.25 9,898,144.10 9,650,829.01 - - - - - - 250,974,977.34 256,008,272.75 172,930,658.88 178,510,058.55 - - 158,412,150.00-158,412,150.00 158,412,150.00 92,562,827.34 256,008,272.75 14,518,508.88 20,097,908.55 33

2004 1 2 3 4 5 6 2,203,000.00 7 2,433,490.98 1,533,380.94 2,659,972.03-4,411,661.98 34

2004 1,908,300,730.22 1,702,597,209.12 121,422,939.18 121,422,939.18 147,975,129.37 74,902,702.56 2,177,698,798.77 1,898,922,850.86 1,263,213,392.02 1,153,329,295.80 181,097,202.19 153,252,371.83 85,709,847.77 51,637,455.15 334,427,364.01 157,679,885.53 1,864,447,805.99 1,515,899,008.31 313,250,992.78 383,023,842.55 2,185,860.00 685,860.00 484,120.71 484,120.71 - - 718,340.00 711,840.00 - - 3,388,320.71 1,881,820.71 978,913,691.92 609,309,112.84 685,860.00 95,685,860.00 34 9,690,490.79 - - - 989,290,042.71 704,994,972.84-985,901,722.00-703,113,152.13 25,640,248.00-25,640,248.00-2,071,232,702.66 1,514,786,702.66 80,579.72-2,096,953,530.38 1,514,786,702.66 1,085,370,020.25 955,577,886.48 200,810,023.81 197,157,548.85 - - - - - - 319,779.22 70,000.00 1,286,499,823.28 1,152,805,435.33 810,453,707.10 361,981,267.33 10,798,364.09 10,841,524.81 148,601,341.97 52,733,482.56 35

2004 1 279,941,408.18 277,541,604.95 7,936,990.48 - - - ( ) -298,807.20-4,096,623.25 144,767,578.39 120,697,960.28 11,755,032.95 8,162,709.09 1,819,192.97 - ( : ) 3,062,661.67 3,067,165.20 ( : ) 160,425.66-2,928,375.15 1,838,106.44 1,520,781.43 2,420.10 2,420.10 28,989,445.30 23,895,175.76-1,429,326.97-8,663,549.65 - - 114,324,938.32 78,442,292.06-19,714,926.08-73,653,055.53-258,873,882.15-40,964,662.74-1,030,265.28-313,250,992.78 383,023,842.55 2 3 351,357,922.96 202,129,045.38 202,756,580.99 149,395,562.82 148,601,341.97 52,733,482.56 36

1 2004 12 31 1 12,288,552.15 1,201,200.40 293,384.70 293,384.69 13,196,367.86 2 2,010,007.33 1,201,200.40-3,211,207.73 3 10,278,544.82 293,384.70 293,384.69 9,985,160.13 4 5 6 7 24,308,536.80 161,510.92 3,021,615.65 3,021,615.65 21,448,432.07 8 22,807,478.61 161,510.92 1,520,557.46 1,520,557.46 21,448,432.07 9 10 1,501,058.19 1,501,058.19 1,501,058.19-11 2,300,000.00 160,000.00 1,500,000.00 1,500,000.00 960,000.00 12 2,300,000.00 160,000.00 1,500,000.00 1,500,000.00 960,000.00 13 14 12,067,545.83 3,072,500.00 1,338,880.40 1,338,880.40 13,801,165.43 15 16 11,846,657.44 3,072,500.00 1,331,621.34 1,331,621.34 13,587,536.10 17 220,888.39 7,259.06 7,259.06 213,629.33 18 19 20 21 22 23 24 50,964,634.78 4,595,211.32 6,153,880.74 6,153,880.74 49,405,965.36 37

2 2004 12 31 2004 2003 1 422,432,400.00 352,027,000.00 2 70,405,400.00 3 4 5 6 7 8 422,432,400.00 422,432,400.00 9 740,167,608.62 810,150,001.42 10 9,174,224.66 423,007.20 11 12 13 14 8,927,707.42 422,309.90 15 16 17 246,517.24 697.30 18 70,405,400.00 19-70,405,400.00 20 749,341,833.28 740,167,608.62 21 79,041,663.36 59,245,375.15 22 28,989,959.81 19,796,288.21 23 28,989,959.81 19,796,288.21 24 28,989,959.81 19,796,288.21 25 26 27 28 29 30 31 32 33 34 108,031,623.17 79,041,663.36 35 104,690,050.59 75,700,090.78 36 3,341,572.58 3,341,572.58 37 38 39 37,530,421.89 27,632,277.79 38

40 14,494,979.91 9,898,144.10 41 14,494,979.91 9,898,144.10 42 43 44 52,025,401.80 37,530,421.89 45 14,518,508.88 10,891,166.20-46 279,941,408.18 191,733,924.99 47 201,897,089.72 188,106,582.31-48 92,562,827.34 14,518,508.88 49 158,412,150.00 158,412,150.00 50 15,648.92 27,928.40 2004 : 1993 2 3 1993 59 1997 7 1997 47 1.00 B 8000 1997 296 1997 8 19 2000 11 24 39

[2000] 199 1.00 A 5000 2000 162 2000 12 25 2001 5 2000 2001 10 3 2002 6 2001 2002 10 3 2003 5 2002 2003 5 2002 2 4056 2000 199 A 2003 12 25 A 2003 12 26 2004 12 31 42,243.24 1 2 1 1 12 31 3 4 5 6 [1995]11 7 8 A a. b. 40

41 B 5% 9 10 11 A B a. 20% 20% 20% b. 20% 20% 20% c. 50% 50% C 12 2000

10% (%) 5-20 4.50-18.00 10-13 6.92-9.00 5 18.00 5 18.00 5 18.00 13 14 A (1) ( ) (2) (3) B 3 42

15 10 10-50 10 16 17 A B C 18 : A B 10 C 5 43

D 19 1 17% [2002]7 13% 17% 13% 2 3% 5% 3 4 70% 24% 12% 2002 29 2004 474 2003-2007 2004 60050 2004 24% 2004 2005 2006 2008 2004 2008 2009-2013 2002 246 44

2002 199 15% 17.5% 1 560 60% 200 65% 10,000 65% 600 100% ( ) 8,000 75% 7,011.77 51% 10000 75% 1910 99.62% 16822 90% 564 56.91% 2 (1) 2004 5 13 75,000,000.00 75% 2004 5, (2) 2004 3 26 19,027,632.00 99.62% 2004 7 30, 45

(3) 15,139.8, 90% 2004 11 1, (4) 2004 8 16 20,000,000.00 56.91%, 9 9 10-12 70% 3 160 75% ( ) 10% 1 1 1,307,172.78 735,904.81 346,020,750.18 196,990,676.18 4,030,000.00 5,030,000.00 351,357,922.96 202,756,580.99 2 10,536,015.30 8.28 87,201,330.63 8,057,060.35 8.28 66,685,871.40 1,123,065.00 0.08 89,508.28 4,190,531.00 0.08 323,928.04 8,356.38 7.31 61,078.45 112,429.16 6.67 749,655.15 703,137.38 11.26 7,919,225.37 33,789.85 10.34 349,329.61 6.36 1.06 6.76 6,270,172.36 1.07 6,682,122.69 95,271,149.49 74,790,906.89 50 4,138,250 150 73.29%, 46

2 7,464,737.00 3,940,272.17 125,401,939.47 101,409,498.56 132,866,676.47 105,349,770.73 26.12% 3 (1) (%) (%) 1 61,496,347.42 95.75 3,074,817.37 37,900,403.05 94.28 1,895,020.15 1-2 1,808,936.79 2.82 90,446.84 1,574,695.22 3.92 78,734.76 2-3 212,439.04 0.33 10,621.95 446,559.10 1.11 22,327.96 3 706,431.45 1.10 35,321.57 278,489.35 0.69 13,924.46 64,224,154.70 100.00 3,211,207.73 40,200,146.72 100.00 2,010,007.33 (2) 2,010,007.33 1,201,200.40 3,211,207.73 (3) % % 46,205,232.66 71.94 27,460,130.17 68.31% (4) 5% 5% (5) 59.76% (6) 5% 4 (1) (%) (%) 1 34,861,143.50 52.76 1,743,057.18 54,307,481.64 75.49 2,715,374.08 1-2 14,132,163.20 21.39 706,608.16 6,519,181.08 9.06 325,959.06 2-3 6,170,980.08 9.34 308,549.00 3,825,704.01 5.32 191,285.20 3 10,906,151.56 16.51 7,226,945.79 7,285,765.44 10.13 7,045,926.48 66,070,438.34 100.00 9,985,160.13 71,938,132.17 100.00 10,278,544.82 (2) 47

10,278,544.82 293,384.69 9,985,160.13 (3) % % 30,605,413.53 46.32% 16,145,376.28 22.44% (4) 7,033,303.38 2003 5% (5) 5% 5% 1590.78 5 (1) 1 168,773,664.03 100.00 115,153,031.77 99.8 1-2 236,713.94 0.2 168,773,664.03 100.00 115,389,745.71 100.00 (2) 46.26% (3) 5% 5% 6 1 4,251,415.44 56,610,760.24 1-2 36,120,887.77 4,251,415.44 92,731,648.01 95.42% 7 (1) 217,942,171.36 217,942,171.36 255,134,914.65 255,134,914.65 270,756,359.37 21,448,432.07 249,307,927.30 74,492,880.79 22,807,478.61 51,685,402.18 96,048,929.59 96,048,929.59 132,503,929.64 1,501,058.19 131,002,871.45 1,004,011.42 1,004,011.42 6,881,707.63 6,881,707.63 48

20,953,779.81 20,953,779.81 4,628,389.60 4,628,389.60 12,733,780.08 12,733,780.08 8,937,269.42 8,937,269.42 619,439,031.63 21,448,432.07 597,990,599.56 482,579,091.73 24,308,536.80 458,270,554.93 28.36% 45,615,472.67 1.3.15 (2) 22,807,478.61 161,510.92 1,520,557.46 21,448,432.07 1,501,058.19 1,501,058.19 24,308,536.80 161,510.92 3,021,615.65 21,448,432.07 161,510.92 3,021,615.65 8 143,922.00 1,124,459.70 504,873.55 763,508.15 1,800,081.13 1,800,081.13 3,975,076.50 3,975,076.50 154,439.99 1,289,987.47 1,267,453.06 176,974.40 2004 2,266,535.48 2,266,535.48 2,616,550.63 2,616,550.63 33,079.21 53,199.34 79,886.55 6,392.00 331,441.20 13,125,890.25 12,510,456.90 946,874.55 1.86 2004 9 9 (1) 2,946,343.41 20,825,633.15 1,896,365.72 21,875,610.84 2,300,000.00 160,000.00 1,500,000.00 960,000.00 646,343.41 20,915,610.84 49

A 56.91% 15,854,628.83 B 4,809,432.34 160,000.00 C 1,571.98 A 1,500,000.00 B 396,365.72 (2) - 15 214,989.07 214,989.07 10.50 432,926.32 431,354.34 75.00 1,500,000.00 800,000.00 800,000.00 (%) 4,809,432.34 28.46 160,000.00 6,417,347.73 2,946,343.41 (3) - 15,854,628.83 15,854,628.83 396,365.72 15,458,263.11 10 15,854,628.83 15,854,628.83 396,365.72 15,458,263.11 (4) : 1,500,000.00 800,000.00 800,000.00 160,000.00 960,000.00 2,300,000.00 50

1,500,000.00 160,000.00 10 (1) 1,680,453,425.67 1,062,239,874.36 15,360,484.54 2,727,332,815.49 364,332,829.61 342,815,026.81 3,212,291.04 703,935,565.38 1,272,648,223.49 684,230,758.24 10,747,950.24 1,946,131,031.49 23,616,093.80 13,381,842.89 490,445.42 36,507,491.27 19,856,278.77 21,812,246.42 909,797.84 40,758,727.35 (2) 417,303,956.70 228,495,187.36 8,814,294.71 636,984,849.35 56,262,197.79 37,574,135.68 668,482.22 93,167,851.25 342,048,344.86 167,775,739.05 6,575,730.42 503,248,353.49 10,309,612.02 6,854,962.55 527,298.10 16,637,276.47 8,683,802.03 16,290,350.08 1,042,783.97 23,931,368.14 (3) 1,263,149,468.97 2,090,347,966.14 308,070,631.82 610,767,714.13 930,599,878.63 1,442,882,678.00 13,306,481.78 19,870,214.80 11,172,476.74 16,827,359.21 (4) 12,067,545.83 3,072,500.00 1,338,880.40 13,801,165.43 11,846,657.44 3,072,500.00 1,331,621.34 13,587,536.10 220,888.39 7,259.06 213,629.33 (5) 1,251,081,923.14 2,076,546,800.71 308,070,631.82 610,767,714.13 918,753,221.19 1,429,295,141.90 13,085,593.39 19,656,585.47 11,172,476.74 16,827,359.21 (1) 62.30%, 236,854,974.95 320,085,120.74 15,360,484.54 (2) 102,110,342.88 93,281,251.58 4,722,628.91, 4,106,462.39 (3) 3,072,500.00 51

(4) 1,338,880.40 (5) 9,356,750.02 7,053,436.97 450 50,215,864.47 48,683,920.83 2,500.15 11 45,220,962.12 289,312,785.98 320,085,120.74 14,448,627.36 68% 12 24,697,274.53 40,591,820.02 47,014,157.53 18,274,937.02 95% 2,988,170.30 4,783,027.44 1,143,523.04 6,627,674.70 95% 22,729,530.21 12,155,754.21 28,423,137.75 6,462,146.67 95% 12,539,339.27 4,363,768.15 16,903,107.42 100% GMP 35,085,071.10 5,143,339.80 40,228,410.90 100% 14,492,932.04 29,562,910.90 36,310,584.82 7,745,258.12 95% 5000 56,751,046.20 56,751,046.20 1% 500 1,574,311.29 1,574,311.29 1% 245,784,595.55 11,050,485.92 234,734,109.63 95% 68,445,398.62 55,492,363.92 12,953,034.70 95% 1,582,262.36 289,203.65 1,293,058.71 10% 34,833,261.81 34,833,261.81 95% 112,532,317.45505,571,496.35236,854,974.95381,248,838.85 (1) (2) 1,614,730.20 0.4817% 13 119,147,273.27 96,786,543.74 4,018,879.35 5,818,597.14 24,160,447.32 94,986,825.95 1 48 52

8,080,493.60 2,694,024.90 808,049.28 6,194,517.98 1,885,975.62 1-7 10,584,731.24 6,748,910.18 1,058,473.24 4,894,294.30 5,690,436.94 2-7 100,000.00 71,666.78 9,999.96 38,333.18 61,666.82 6.2 124,390.00 110,914.47 12,438.97 25,914.50 98,475.50 7.9 8,000,000.00 8,000,000.00 800,000.00 800,000.00 7,200,000.00 9 4,419,266.80 3,339,001.59 73,654.44 1,153,919.65 3,265,347.15 11 11,852,799.20 4,123,651.51 187,559.67 7,916,707.36 3,936,091.84 5-7 5,650,000.00 912,083.57 141,249.99 4,879,166.42 770,833.58 1-3 11,107,359.00 4,628,066.08 185,122.65 6,664,415.57 4,442,943.43 6 897,853.43 897,853.43 897,853.43 897,853.43 TAL 1,452,042.74 1,452,042.74 1,452,042.74 1,452,042.74 181,416,209.28 106,412,060.07 27,371,578.27 11,445,041.51 59,077,612.45 122,338,596.83 41,271,819.89 4,000.15 14 947,073.13 188,025.14 759,047.99 856,003.07 856,003.07 91,070.06 947,073.13 188,025.14 759,047.99 856,003.07 856,003.07 91,070.06 15 60,000,000.00 53

802,208,149.00 610,422,380.00 109,300,000.00 30,000,000.00 199,500,000.00 1,111,008,149.00 700,422,380.00 95,300,000.00.7.12.13 64,666,000.00 535,208,149.00 58.62%, 16 25,059,547.91 5,137,120.00 97,919,070.73 95,067,601.81 122,978,618.64 100,204,721.81 17 234,881,581.77 65,689,847.70 2.57 18,332,398.06 69,782,703.56 20,854,951.42 34,710,918.41 5% 5% 18 31,793,015.76 46,099,584.18 31% 5% 5% 19 3,003,934.30 495,619.54 54

5.06 2,508,314.76 20 1,994,703.44-2,741,655.48 874,017.83 3,034,586.59-392,541.85 381,231.97 558,051.56 160,198.28 50,250.41 257,356.20 80,241.78 66,419.00 7,870.90 6,064,077.98 302,110.32 137,190.02 272.00 9,365,991.17 1,468,389.78 5.38 21 87,179,564.59 82,833,168.11 5% 5% 22 904,804.97 1,262,717.90 183,716.81 1,989,688.68 1,785,637.00 1,350,000.00 2,898,700.92 1,074,013.29 18,000.00 150,000.00 888,646.09 984,963.00 215,548.19 17,746.36 136,833.92 6,912,800.34 6,948,216.79 23 55

( ) 5,000,000.00 8.28 41,382,500.00 191,500,000.00 353,294,160.52 5,000,000.00 586,176,660.52.1 39,138.15 16,000 3,150 24 1118,232,400 118,232,400 59,116,200 59,116,200 59,116,200 59,116,200 2 3 4 118,232,400 118,232,400 1 141,960,000 141,960,000 2 162,240,000 162,240,000 3 4 304,200,000 304,200,000 422,432,400 422,432,400 25 686,782,774.44 686,782,774.44 56

9,716,110.34 9,716,110.34 42,299,606.30 42,299,606.30 436,661.90 8,927,707.42 9,364,369.32 932,455.64 246,517.24 1,178,972.88 740,167,608.62 9,174,224.66 749,341,833.28 4,155.01 8,923,552.41, 26 75,700,090.78 28,989,959.81 104,690,050.59 37,530,421.89 14,494,979.91 52,025,401.80 3,341,572.58 3,341,572.58 116,572,085.25 43,484,939.72 160,057,024.97 27 279,941,408.18 191,733,924.99 14,518,508.88 10,891,166.20 28,989,959.81 19,796,288.21 14,494,979.91 9,898,144.10 158,412,150.00 158,412,150.00 92,562,827.34 14,518,508.88 2005 2 2 2004 2004 2004 10 3.75 ( ) 158,412,150.00 28 31,166,384.47 37,060,953.67-5,894,569.20 20,300,768.90 19,246,073.76 1,054,695.14 1,403,912,530.18 1,000,349,655.68 403,562,874.50 1,018,199,250.07 687,186,343.11 331,012,906.96 272,671,503.53 178,852,758.55 93,818,744.98 219,685,075.15 140,235,870.65 79,449,204.50 139,895,178.45 103,435,639.27 36,459,539.18 10,069,548.37 7,249,071.10 2,820,477.27 57

18,531,955.80 14,202,697.95 4,329,257.85 23,308,036.28 22,765,419.78 542,616.50 1,376,623.91 1,279,650.90 96,973.01 2,257,786.31 1,537,568.21 720,218.10 1,890,862,212.62 1,357,946,775.80 532,915,436.82 1,270,512,428.80 855,454,926.83 415,057,501.97 48.83% 66,543.97 35.19% 29 13,170,245.73 11,287,979.76 5,613,700.00 10,801,676.59 3,691,610.15 401,757.11 410,976.57 104,737.94 23,288,289.56 22,194,394.29 30 47,914,917.04 16,158,069.72 3,265,257.24 2,845,425.93 44,649,659.80 13,312,643.79 82,072.88 4,165.94 10,116,072.64 2,692,911.17-10,033,999.76-2,688,745.23 6,263,770.73 4,698,316.95 2,924,800.00 1,775,500.00 37,954,630.77 13,546,715.51 1.8 31 484,120.71 8,154.17 1,571.98-10,747.91-396,365.72-2,999,421.22 58

-160,000.00-2,300,000.00 1,500,000.00 1,429,326.97-5,302,014.96 56.91%, 15,854,628.83 396,365.72 150 1.27 32 1,097,159.87 561,649.38 358,807.08 143,224.83 4,071,321.15 177,989.00 1,683,896.66 1,980,023.08 6,114,024.89 67.62% 33 95,583.50 70,687.83 1,755,075.55 3,002,936.63 3,072,500.00 10,809,252.69 3,617,974.62 3,619,939.99 650,880.49 3,610,000.00 65,019.40 24,100.80 9,257,033.56 21,136,917.94 56.20% 34 9,690,490.79 20,000,000.00 20,000,000.00 10,309,509.21 9,690,490.79 34,517,978.02 130,101,744.11 59

13,020,302.74 7,449.00 114,809,964.51 159,722,506.02 1 (%) (%) 1 19,471,428.32 89.96 973,571.41 34,934,970.16 96.51 1,746,748.51 1-2 1,690,312.52 7.81 84,515.63 799,470.64 2.21 39,973.53 2-3 172,421.75 0.80 8,621.09 211,999.65 0.58 10,599.98 3 310,706.26 1.43 15,535.31 252,462.06 0.70 12,623.10 21,644,868.85 100 1,082,243.44 36,198,902.51 100 1,809,945.12 40% 2 (%) (%) 1 8,862,625.32 75.91 443,131.27 21,216,562.49 97.10 1,060,828.12 1-2 2,122,948.66 18.18 106,147.44 341,325.42 1.56 17,066.27 2-3 6,808.82 5.28 30,840.44 41,630.76 0.19 2,081.55 3 73,261.05 0.63 3,663.05 252,462.06 1.15 12,623.10 11,675,643.85 100.00 583,782.20 21,851,980.73 100.00 1,092,599.04 53% 3 182,377,270.38 274,005,581.67 4,600,722.26 451,782,129.79 182,377,270.38 274,005,581.67 4,600,722.26 451,782,129.79 (1) 3,679,673.97 60.00% 10 9,982,526.63 65.00% 10 68,405,055.35 65.00% 41,699,017.27 51.00% 55,404,602.09 75.00% 8,080,628.10 100.00% 153,330,457.46 90.00% 30 73,506,837.88 75.00% 60

19,027,632.00 99.62% 18,017,783.65 56.91% 432,926.32 75.00% 15 214,989.07 10.50% 451,782,129.79 (2) 3,590,579.66 89,094.31 3,679,673.97 8,059,130.96 1,923,395.67 9,982,526.63 70,911,905.64 1,697,506.25 4,204,356.54 68,405,055.35 32,970,987.97 8,728,029.30 41,699,017.27 59,685,526.98-4,280,924.89 55,404,602.09 6,512,795.76 1,567,832.34 8,080,628.10 151,398,000.00 1,932,457.46 153,330,457.46 75,000,000.00-1,493,162.12 73,506,837.88 19,027,632.00-19,027,632.00 20,000,000.00-1,585,850.63 396,365.72 18,017,783.65 431,354.34 1,571.98 432,926.32 182,162,281.31 265,425,632.00 8,579,949.67 4,204,356.54 396,365.72 451,567,140.72 8,579,949.67 8,575,794.66 4,155.01 (3) 3,360,000.00 319,673.97 3,679,673.97 10,761,640.00-779,113.37 9,982,526.63 65,000,000.00 13,081,166.80 9,676,111.45 68,405,055.35 32,760,599.73 2,999,421.22 8,938,417.54 2,999,421.22 41,699,017.27 60,000,000.00-4,595,397.91 55,404,602.09 6,366,600.00 1,714,028.10 8,080,628.10 151,398,000.00 1,932,457.46 153,330,457.46 75,000,000.00-1,493,162.12 73,506,837.88 19,027,632.00-19,027,632.00 4,145,371.17 15,854,628.83-1,585,850.63 396,365.72 18,017,783.65 1,200,000.00-767,073.68 432,926.32 429,019,842.90 18,854,050.05 16,765,146.16 9,676,111.45 3,395,786.94 451,567,140.72 61

(4) 15,854,628.83 15,854,628.83 15,854,628.83 396,365.72 15,458,263.11 10 15,854,628.83 15,854,628.83 15,854,628.83 396,365.72 15,458,263.11 4 12,344,889.95 29,212,311.46-16,867,421.51 7,142,886.56 18,432,462.31-11,289,575.75 1,414,935,091.63 1,014,011,223.41 400,923,868.22 1,029,416,751.65 700,584,136.68 328,832,614.97 235,115,195.29 159,195,494.45 75,919,700.84 185,199,192.64 118,062,759.72 67,136,432.92 1,662,395,176.87 1,202,419,029.32 459,976,147.55 1,221,758,830.85 837,079,358.71 384,679,472.14 5 484,120.71 8,154.17 8,575,794.66 3,873,592.33-396,365.72-2,999,421.22 8,663,549.65 882,325.28 1 ( ) 62

2 867 2867 3734 160 160 560 560 200 200 10,000 10,000 ( ) 600 600 8,000 8,000 7,011.77 7,011.77 10,000 10000 1,910 1,910 16,822 16,822 564 564 6,000 6,000 3 5,911.62 14 5,911.62 14 5,911.62 14 5,911.62 14 120 75 120 75 336 60 336 60 130 65 130 65 6,500 65 6,500 65 ( ) 600 100 600 100 6,000 75 6,000 75 3,576 51 3,576 51 7500 75 7500 75 1902.742 99.62 1902.742 99.62 15139.8 90 15139.8 90 320.97 56.91 320.97 56.91 63

39.84 2390.40 39.84 4 75% 50% 5 1 145,874,067.62 100% (%) (%) 23,651,215.84 5.43% 38,079.32 0.01% 303,663.74 100% 2,332,572.24 100% 2,332,572.24 100% 521,805.26 100% 225,163.30 100% 125,888.00 100% 2004 2004 6 28 2004 24 2004 5 31 14,276.07 15,140.10 145,874,067.62 2 (%) (%) 3,773.84 0.02% 2,549.13 100% 237,912.77 10.59% 165,671.50 100% 18,008,849.63 12.87% 4,674.90 0.02% 6 41,035.36 64

32,444.60 1,756.10 16,027,262.55 1 2004 3,000.00 2004.06.30 2004.06.30 2005.06.29 1,000.00 2004.04.29 2004.04.29 2005.04.29 4,000.00 2004.10.10 2004.10.10 2007.10.09 1,000.00 2004.11.12 2004.11.12 2007.11.11 7,000.00 2004.09.10 2004.09.10 2009.09.09 3,000.00 2004.09.26 2004.09.26 2009.09.25 1,000.00 2004.12.06 2004.12.06 2009.12.05 1,324.00 2004.05.21 2004.05.21 2005.02.25 21,324.00 2 2004 41,271,819.89 41,271,819.89 4,000 45,615,472.67 45,615,472.67 13,000 50,215,864.47 1,531,943.64 48,683,920.83 2,500 9,356,750.02 2,303,313.05 7,053,436.97 450 241,945,713.44 3,835,256.69 238,110,456.75 19,950 2004 12 31 3,666.06 5,644.89 9,310.95 65

2004 2004 10% 5% 2004 422,432,400 10 3.75 ( ) 158,412,150.00 2004 3 ( ) 2004 2003 2002 1,582,821,884.51 1,452,130,681.15 1,259,945,820.56 1,517,476,282.83 1,294,208,058.06 1,302,787,072.48 279,941,408.18 191,733,924.99 125,549,895.66 17.69% 13.20% 9.96% 18.45% 14.81% 9.64% 2,345,121.79 2,521,076.67-718,772.16 277,596,286.39 189,212,848.32 126,268,667.82 17.54% 13.03% 10.02% 18.29% 14.62% 9.69% 1 = 2 (ROE) NP ROE = E0 + NP 2 + Ei Mi M0 - Ej Mj M0 NP E0 Ei Ej M0 Mi Mj 3 ( ) 2004 2003 2002-1,611,850.72 - - - - 2,203,000.00-66

- - 484,120.71 - - -2,592,659.76-4,213,640.36-829,183.75 6,153,880.75 6,873,612.39 - -1,101,828.74-150,187.11 1,240,066.62-110,411.59-61,817.92 2,345,121.79 2,521,076.67-718,772.16 00 ------------------ 67