股份代號 1883 中期報告 2013 優質服務 聯繫世界 CITIC Telecom International Holdings Limited 中信國際電訊集團有限公司 中國中信集團有限公司成員 A member of CITIC Group Corporation STOCK CODE:1883 INTERIM REPORT 2013 CONNECTING THE WORLD WITH QUALITY SERVICES Interim Report 2013 中期報告

4 5 6 10 26 27 28 29 30 31 32 33 64 65 72

02 99% CPC CPC

03

04 Sable Holding Limited Cable & Wireless Communications Plc Portugal Telecom, SGPS, S.A. PT Participações SGPS, S.A. PT Comunicações, S.A. 79% CPC CPC Palo Alto Networks TrustCSI MFS (Managed Firewall Services) CPC 2025 3 5 CPC SmartCLOUD CPC CPC2013 2013 413.45 79% 2013 CPC3 Computerworld Hong Kong 2013 Security Managed Security Services Services Cloud Infrastructure and Hosting Services

05 1,881.3 1,744.0 7.9% 794.1 238.8 232.5% 31.5 10.0 215.0% 31.2 10.0 212.0% 2.4 2.4 16,950.9 4,680.4 262.2% 5,940.6 3,432.7 73.1% 8,512.8 261.9 (1,527.1) (354.8) 330.4% 6,985.7 (92.9) * 54% * = x 100% = +

7.9% 232.5% 20% CPC 31.5 215.0% 8 3 2.4 1. 51% 28% 20% 99% 1% 06

2. 4G 4G 100% 80% 3. LTE 4G LTE LTE 4. 07

08 5. 60 CPC TrueCONNECT COC Cloud Operation Centre TrueCONNECT TrustCSI SmartCLOUD 6. (VPN) 3 SmartCLOUD Storage+ SmartCLOUD vone SmartCLOUD MMCC (Multi Media Contact Centre) CPC

中信國際電訊集團有限公司 紮根大中華 聯繫全世界 09 二零一三年中期報告

10 28 63 64 79% 99%

11 1,881.3 1,744.0 137.3 7.9% 920.6 197.0 723.6 367.3% EBITDA 1,095.2 347.7 747.5 215.0% (177.6) (0.7) 176.9 (28.0) (33.8) (5.8) (17.2%) 794.1 238.8 555.3 232.5% EBITDA 1,164.2 1,344.3 256.9 275.5 118.0 130.0 CPC 1 581.7 399.7 121.5 94.9 71.9 57.0 2 135.4 36.1 101.1 75.2 (45.1) (13.2) (45.1) (13.2) (49.1) (7.9) (49.1) (7.9) (76.9) (0.7) 3 774.9 (1.6) 674.2 (1.6) 1,881.3 1,744.0 1,095.2 347.7 794.1 238.8 1 CPC 2 3

12 7.9% 2,486.4 460.2 2,026.2 2,716.6 504.7 2,211.9 2,966.5 544.0 2,422.5 3,196.8 666.9 2,529.9 3,609.8 903.6 2,706.2 1,744.0 399.7 1,344.3 1,881.3 135.4 581.7 1,164.2 2008 2009 2010 2011 2012 1-6/2012 1-6/2013 19.7% 24.7% 30.5% 8.1% 6.7% 2,026.2 71.2 94.5 247.1 1,613.4 2,529.9 2,422.5 67.3 60.6 176.3 2,211.9 140.6 87.0 347.2 112.0 315.7 286.0 1,726.9 1,905.6 1,939.1 2,706.2 48.4 202.7 375.5 2008 2009 2010 2011 2012 1-6/2012 1,344.3 26.6 2,079.6 95.9 1,164.2 182.7 23.3 106.8 199.4 1,039.1 1-6/2013 834.7 10,135 10,222 8,103 1,126 870 1,528 870 1,796 860 9,101 1,829 913 8,656 2,502 691 4,703 6,107 7,737 7,566 6,359 5,463 1,224 3,542 358 1,125 203 3,121 2,214 2008 2009 2010 2011 2012 1-6/2012 1-6/2013

13 1,766.4 315.3 1,564.5 831.0 263.7 313.1 595.6 295.0 356.4 360.8 1,851.9 335.4 741.4 358.2 1,961.8 1,849.7 416.9 463.3 470.2 2008 2009 2010 2011 2012 1-6/2012 1-6/2013 353.7 742.1 402.7 369.5 568.7 441.3 964.0 182.4 304.4 229.9 247.3 852.7 227.5 210.7 207.2 207.3 9.1% 30.8% 24.7% 11.6% 23.4% 11.4%

14 CPC 903.6 CEC 137.0 45.5% 666.9 CEC CEC SmartCLOUD TM TAB SmartCLOUD TM Compute PA SmartCLOUD TM MMCC 460.2 73.8 504.7 81.5 544.0 96.4 119.1 547.8 766.6 399.7 60.6 581.7 95.9 386.4 423.2 447.6 339.1 485.8 2008 2009 2010 2011 2012 1-6/2012 1-6/2013

15 214.8 276.0 1,513.4 1,559.7 232.8 213.9 268.4 242.4 2,229.4 2,292.0 135.4 22.2%(IDD) 2,292.0 242.4 213.9 2,229.4 268.4 232.8 173.8 9.3 169.9 9.4 56.2 57.3 1,559.7 1,513.4 108.3 103.2 276.0 214.8 1-6/2012 1-6/2013 6/2012 6/2013

16 33.1% (ARPU)21.7% 16% 5% 4.7% 46% 47% 8.8% 81% 10.7% 6/2013 6/2012 263.8 276.3 422.0 432.0 695.8 698.3

17 20% 20% 9.2% CEC 71.6% (%) 1-6/2013 2012 2011 2010 2009 2008 1-6/2012 1,670.1 2,042.3 2,214.4 2,527.8 1,233.7 1,347.8 1,801.0 67.2% 68.8% 69.3% 70.0% 71.6% 66.3%

18 59.5% CEC CEC 40.3% CEC CEC 20% EBITDA EBITDA CPC EBITDA 28.0% CEC

19 31.5 16.8 18.8 17.9 19.2 19.3 10.0 15.2% 16.6% 2008 2009 2010 2011 2012 1-6/2012 1-6/2013 31.5 31.2 20% 2.4 9.5 9.5 9.6 9.6 8.4 7.1 7.1 7.2 7.2 6.4 2.4 2.4 2.0 2.4 2.4 2.4 2.4 2.4 2.4 2008 2009 2010 2011 2012 1-6/2012 1-6/2013

20 164.9 141.8 23.1 16.3% 236.6 181.0 55.6 30.7% 1,794.5 1,794.5 8,319.8 98.5 8,221.3 10,515.8 421.3 10,094.5 * (81.8) (58.4) 23.4 40.1% (173.4) (171.8) 1.6 0.9% (8,923.9) 8,923.9 (162.9) (177.8) (14.9) (8.4%) (9,342.0) (408.0) 8,934.0 1,173.8 13.3 1,160.5 * 16.3% 5.1% 30.3%

21 CITIC Telecom International Finance Limited 6.1% 6.1% 54% 6.1% 179.2 8,333.6 8,512.8 (168.3) (457.0) (830.5) (17.3) (54.0) (1,527.1) 10.9 7,876.6 (830.5) (17.3) (54.0) 6,985.7

22 8,512.8 261.9 (1,527.1) (354.8) 6,985.7 (92.9) 5,940.6 3,432.7 12,926.3 3,339.8 54% 146.8 267.2 280.8 421.2 3,978.0 5,094.0 3,510.0 3,510.0 146.8 267.2 280.8 421.2 3,978.0 3,510.0 8,604.0

23 5,114.0 4,994.0 120.0 6.1% 3,510.0 3,510.0 8,624.0 8,504.0 120.0 100.0 100.0 231.8 92.4 139.4 331.8 192.4 139.4 8,955.8 8,696.4 259.4

24 CITIC Telecom International Finance Limited 6.1% 99% 59%

25 4.5% 7180 47% 57% 99%

26 1,913 476441889107

中信國際電訊集團有限公司 27 二零一三年中期報告 財務報表 中期業績 中信國際電訊集團有限公司 本公司 董事會 董事 會 謹此呈列本公司及其附屬公司 統稱 本集團 截至二零一三年六月三十日止六個月的未經審核綜合 收益表 未經審核綜合全面收益表 未經審核綜合權 益變動表及未經審核綜合現金流量表及本集團於二零 一三年六月三十日的未經審核綜合資產負債表 以及 截至二零一二年六月三十日止六個月及於二零一二年 十二月三十一日的比較數字

28 3(a) 1,881,266 1,743,967 4 7,679 240 5 1,125,903 (1,425) 3,014,848 1,742,782 (1,347,834) (1,233,749) (102,694) (74,547) 6(b) (261,153) (140,777) (382,544) (96,670) 920,623 197,039 6(a) (177,558) (738) 12 80,569 75,249 (1,048) 1,113 6 822,586 272,663 7 (28,032) (33,863) 794,554 238,800 794,114 238,800 440 794,554 238,800 8 31.5 10.0 31.2 10.0 33 63 20(a)

29 794,554 238,800 3,562 2,093 23(c)(iv) (11,136) (7,574) 2,093 786,980 240,893 786,613 240,893 367 786,980 240,893 33 63

30 9 1,784,005 742,376 10 2,429,482 105,825 11 9,133,147 402,456 12 1,449,938 5,634 45,950 14(a) 169,052 174,352 36,285 37,451 13,557,605 2,958,348 13 83,266 14(a) 1,776,061 1,363,583 6,844 3,611 15(a) 1,527,094 354,816 3,393,265 1,722,010 16 1,688,420 801,248 17 146,691 100,000 12(c) 161,868 252,885 43,169 2,087,996 1,106,285 1,305,269 615,725 14,862,874 3,574,073 18(a) 8,366,064 16 84,116 87,808 19 90,881 357,422 65,241 8,898,483 153,049 5,964,391 3,421,024 20(b) 331,365 238,668 5,609,247 3,194,035 5,940,612 3,432,703 23,779 (11,679) 5,964,391 3,421,024 33 63

31 238,599 1,585,684 28,829 2,034 11,146 1,312,834 3,179,126 3,179,126 238,800 238,800 238,800 2,093 2,093 2,093 2,093 238,800 240,893 240,893 20(a)(ii) (171,791) (171,791) (171,791) 6(b) 7,891 7,891 7,891 21(a) (9,953) 9,953 2,440 2,440 2,440 378 2,093 76,962 79,433 79,433 238,599 1,585,684 29,207 2,034 13,239 1,389,796 3,258,559 3,258,559 238,599 1,585,684 29,207 2,034 13,239 1,389,796 3,258,559 3,258,559 222,483 222,483 3,706 226,189 6,580 6,580 194 6,774 6,580 222,483 229,063 3,900 232,963 20(b)(ii) 69 1,301 (319) 1,051 1,051 4,909 4,909 4,909 21(a) (832) 832 (3,615) (3,615) (3,615) (15,579) (15,579) 20(a)(i) (57,264) (57,264) (57,264) 69 1,301 143 6,580 166,051 174,144 (11,679) 162,465 238,668 1,586,985 29,350 2,034 19,819 1,555,847 3,432,703 (11,679) 3,421,024 238,668 1,586,985 29,350 2,034 19,819 1,555,847 3,432,703 (11,679) 3,421,024 794,114 794,114 440 794,554 (7,501) (7,501) (73) (7,574) (7,501) 794,114 786,613 367 786,980 20(a)(ii) (173,448) (173,448) (173,448) 20(b)(iii) 90,372 1,704,174 1,794,546 1,794,546 20(b)(ii) 2,325 51,978 (13,316) 40,987 40,987 6(b) 49,121 49,121 49,121 21(a) (93) 93 12 (1,203) (1,203) (1,203) 23(c)(iv) 11,293 11,293 11,293 23(c)(i) 35,091 35,091 92,697 1,756,152 45,802 (7,501) 620,759 2,507,909 35,458 2,543,367 331,365 3,343,137 75,152 2,034 12,318 2,176,606 5,940,612 23,779 5,964,391 33 63

32 15(d) 185,846 155,065 (21,147) (11,671) (2,049) (1,642) 2,291 164,941 141,752 (81,781) (58,442) 7 23(d) (8,891,538) (53,621) (32,370) 207 (41) 7,472 243 187,882 180,708 (8,810,128) 68,854 4,994,000 100,000 18(b) 3,510,000 20(b)(iii) 1,825,521 20(b)(ii) 40,987 (50,580) (32,972) 20(b)(iii) (30,975) (162,870) (124,091) (100,628) (1,470) 20(a)(ii) (173,448) (171,791) 9,819,035 (197,352) 1,173,848 13,254 351,008 253,326 (1,363) 300 15(a) 1,523,493 266,880 33 63

33 1 34 2(a) 34 2410 64 2 (a) 1 10 11 12 13 19

34 2 (a) 7 (i) 1 1 (ii) 10 10 27 12 10 10 (iii) 11 1131 11 11 11 (iv) 12 12 12 12

35 2 (a) (v) 13 13 13 13 (vi) 19 1919 19 19 (vii) 34 3

36 2 (a) (viii) 7 7 32 32 7 (b) 79%99% (i) (ii) 2(b)(iv)

37 2 (b) (iii) (iv)

38 2 (b) (iv) 3 (a)

39 3 (a) 1,813,291 1,743,967 67,975 1,881,266 1,743,967 10% 433,726,000 719,953,000 (b) CPC (i)

40 3 (b) (i) EBITDAEBITDA EBITDA EBITDA CPC 1,164,173 1,344,305 135,416 581,677 399,662 1,881,266 1,743,967 14,766 8,803 1,090 1,176 15,856 9,979 1,178,939 1,353,108 135,416 582,767 400,838 1,897,122 1,753,946 EBITDA 50,921 199,119 36,135 121,473 93,343 208,529 292,462 7,556 231 81 42 9 7,679 240 (177,418) (738) (140) (177,558) (738) (53,181) (47,536) (12,560) (36,953) (27,011) (102,694) (74,547) CPC 2,530,318 2,326,434 13,579,336 718,347 741,926 16,828,001 3,068,360 264,550 110,301 11,922,851 21,522 174,306 12,208,923 284,607 649,068 473,775 812,996 304,818 411,795 1,766,882 885,570

41 3 (b) (ii) 1,897,122 1,753,946 (15,856) (9,979) 1,881,266 1,743,967 208,529 292,462 (88) 2 (102,694) (74,547) (37,811) (10,404) (177,558) (738) 80,569 75,249 (1,048) 1,113 1,115,426 7,679 240 (260,014) (21,118) 822,586 272,663

42 3 (b) (iii) 16,828,001 3,068,360 (3,712) (2,014) 16,824,289 3,066,346 1,449,938 5,634 45,950 36,285 37,451 6,844 3,611 77,818 77,062 16,950,870 4,680,358 1,766,882 885,570 (3,712) (2,014) 1,763,170 883,556 146,691 100,000 161,868 252,885 43,169 8,366,064 357,422 65,241 100,247 5,500 10,986,479 1,259,334

43 3 (b) (iv) 931,278 958,893 1,398,600 1,544,982 12,143,878 1,449,938 135,416 277,112 337,714 347,250 198,985 13,352,268 2,746,545 1,881,266 1,743,967 4 7,570 99 109 141 7,679 240 5 23(c)(iv) 1,115,426 9 (88) 2 10,565 (1,427) 1,125,903 (1,425)

44 6 (a) 6,729 738 70,181 76,910 738 100,648 (b) 177,558 738 13,421 5,046 239 13,660 5,046 49,121 7,891 198,372 127,840 (c) 261,153 140,777 284,235 126,078 71,962 17,718 7,674 84,976 66,873 14(b) 76,163 1,437 37,811 11 10,404 33,964 23,504 89,688 37,811,000

45 7 27,559 31,094 (12) (133) 27,547 30,961 3,397 607 1,261 31,551 32,222 (3,519) 1,641 28,032 33,863 16.5% 16.5% 200,001300,000 194,000291,000 9% 9% 300,000 291,00012% 12% 200,000 194,000

46 8 794,114 238,800 2,386,675 2,385,993 119,831 16,210 2,522,716 2,385,993 21,527 2,544,243 2,385,993 31.5 10.0 31.2 10.0 9 1,125,777,000 50,935,0001,072,242,000 53,535,00050,935,000 88,000 5,000 88,000 2,000 10 2,341,208,000 2,338,138,00023(c) (i)

47 11 402,456 363,549 8,741,939 35,803 6(c) (10,404) (844) 3,104 9,133,147 402,456 12 631,688 654,164 80,569 158,295 (188,160) (179,596) (1,203) (1,175) 4,852 527,746 631,688 818,250 818,250 6,284 824,534 818,250 1,352,280 1,449,938 23(c)(iv) (1,352,280) 1,449,938

48 12 (a) 150,000 1,000 20% 20% 79%20% 99%23(a) (b) 100% 2,094,001 402,846 418,800 80,569 100% 4,368,150 1,209,712 3,158,438 2,274,692 376,245 873,630 241,942 631,688 454,938 75,249 (c) 13

49 14 (a) 1,432,310 1,164,022 127,094 118,656 1,559,404 1,282,678 (b) (119,609) (40,898) 1,439,795 1,241,780 505,318 296,155 1,945,113 1,537,935 169,052 174,352 1,776,061 1,363,583 1,945,113 1,537,935 7 180 (b) 40,898 28,635 3,153 7,559 77,539 6,808 (1,376) (1,214) (621) (897) 16 7 119,609 40,898 204,290,000 135,832,000 119,609,000 40,898,000

50 15 (a) 876,063 267,892 651,031 86,924 (b) 1,527,094 354,816 (c) (3,601) (3,808) 1,523,493 351,008 (b) 28,119,000 27,098,000 (c) (d) 822,586 272,663 102,694 74,547 88 (2) (80,569) (75,249) 1,048 (1,113) 89,688 37,811 10,404 (1,115,426) 177,558 738 (7,679) (240) 49,121 7,891 (2,849) (904) 84,475 278,331 52,475 (15,660) (46,478) 64,458 (76,788) 98 185,846 155,065

51 16 624,495 462,358 216,513 142,810 841,008 605,168 931,528 283,888 1,772,536 889,056 84,116 87,808 1,688,420 801,248 1,772,536 889,056 17 146,691 100,000 265,916 4,628,209 4,894,125 5,040,816 100,000 100,000 100,000 46,691 146,691 100,000 18 79,147 18 4,814,978 4,894,125 5,040,816 100,000

52 17 99% 18 (a) 17 79,147 17 4,814,978 4,894,125 6.1% (b) 3,471,939 8,366,064 (b) 450,000,0003,510,000,000 100% 6.1%

53 19 31% 5% 0.6 2 Towers Watson & Co. 69% 90,783 239 77 10 (228) 90,881

54 20 (a) (i) 2.4 2.4 79,528 57,264 (ii) 7.2 7.2 173,448 171,791 1,607,000

55 20 (b) 0.10 5,000,000,000 500,000 5,000,000,000 500,000 (i) 2,386,675,370 238,668 2,385,992,870 238,599 (ii) 23,253,500 2,325 682,500 69 (iii) 903,723,326 90,372 (i) 3,313,652,196 331,365 2,386,675,370 238,668 (i) (ii) 23,253,500 1.76 682,500 1.54 (iii) 8 3 903,723,3262.021,825,521,00090,372,000 1,704,174,00030,975,000

56 21 18,720,0000.10 3.26 35,825,0000.10 50% 50%2.10 48,455,0000.10 50% 50%1.54 1.48 2.10 19,451,000 1.91 21,438,072 1.54 32,332,500 1.40 35,635,462 81,347,0000.10 2.25 660,000 21(b)

57 21 (a) 23,253,500682,500 2.591.99 485,532 14,745,000 1,510,500 93,000 9,953,000 832,000 (b) 0.573 3.6 42% 4.0% 7.0% 190% 0.81% (c) 49,121,0007,891,000

58 22 285,320 20,954 2,434 285,320 23,388 154,533 35,414 23 (a) Sable Holding Limited Cable & Wireless Communications Plc Portugal Telecom, SGPS, S.A. PT Participações SGPS, S.A. PT Comunicações, S.A.79% 1,161,300,0009,058,140,000 1,249,751,0009,748,058,000 99% (b) 3,058,000 3,042,000 (c) 137,353,000 17,572,000 2,231,355,000 417,006,000

59 23 (c) (i) (c)(ii) 838,655 233,587 1,072,242 (c)(ii) 10 7,978 2,330,160 2,338,138 728 728 135,741 135,741 392,209 392,209 859,562 859,562 (706,805) (706,805) (195,803) (195,803) 19 (90,783) (90,783) 11,494 (307,650) (296,156) 1,252,976 2,256,097 3,509,073 (35,091) (c)(iii) 8,741,939 20% (c)(iv) (2,467,863) 9,748,058 9,748,058 9,748,058 (859,562) 8,888,496 (ii) (iii)

60 23 (c) (iv) 20%1,115,426,0005 320% 2,467,863,00020% 1,352,280,0001211,293,000 20%11,136,000 (d) 8,888,496 3,042 8,891,538 24 (a) (i) 5,969 6,953 5,088 3,054 105,000 3,404 1,750 1,600 4,648 8,300 2,516 2,478 1,181 882 3,634

61 24 (a) (ii) 41,326 (iii) 77,818 76,442 (6,142) (iv) 156,000 99% (b)

62 24 (b) (i) 5,784 83 427,757 713,000 (398,481) (433,609) (6,337) (ii) 654,332 38,272 751,572 737,563 (326,986) (66,880) (926,250) 99%

63 24 (c) 8,057 6,737 11,698 1,759 209 188 19,964 8,684 25 20(a)(i) 26 27 32 10 12 27 9

64 28 63 34 34 2410 34 10 8

65 2.42.4 1.00 (i) (ii) (iii) (i) 10%(ii) 10% 18,720,000 3.26 17,912,500 2.10 17,912,500 2.10 24,227,500 1.54 24,227,500 1.54 81,347,000 2.25 19,451,000 2.10 21,438,072 1.91 32,332,500 1.54 35,635,462 1.40 2.20 660,000 23,253,500 485,532

66 A. 900,000 991,944 1 900,000 991,945 1 1,250,000 1,377,701 1 1,250,000 1,377,701 1 3,575,000 3,575,000 800,000 881,728 1 800,000 881,729 1 1,100,000 1,212,377 1 1,100,000 1,212,377 1 3,146,000 3,146,000 700,000 771,512 1 700,000 771,513 1 950,000 1,047,052 1 950,000 1,047,053 1 2,717,000 2,717,000 400,000 400,000 150,000 165,324 1 150,000 165,324 1 150,000 165,324 1 150,000 165,324 1 400,000 400,000 % 8,314,291 0.251 7,334,211 0.221 6,354,130 0.192 400,000 0.012 1,061,296 0.032

67 A. 150,000 165,324 1 150,000 165,324 1 150,000 165,324 1 150,000 165,324 1 400,000 400,000 150,000 165,324 1 150,000 165,324 1 150,000 165,324 1 150,000 165,324 1 400,000 400,000 % 1,061,296 0.032 1,061,296 0.032 B. 2 3 23,078,500 9,244,500 83,000 15,155,757 1 39,227,500 14,009,000 402,532 27,352,725 1 70,309,000 70,309,000 1. 2. 2.81 3.

68 352 XV 1. % 687,860 0.0208 2,750 0.0001 1,033,000 0.0283 40,000 0.0011 840,000 0.0230 20,000 0.0005 70,000 1 0.0019 20,000 0.0011 5,279 0.0003 H 3,000 2 0.00002 2.

69 3. % 22.00 500,000 0.014 1. 20,000 50,000 2. 3,000 XV 352 336 % 1,987,678,508 59.985 1,987,678,508 59.985 1,987,678,508 59.985 Silver Log Holdings Ltd. 1,987,678,508 59.985 1,987,678,508 59.985 Crown Base International Limited 1,987,678,508 59.985 Effectual Holdings Corp. 1,987,678,508 59.985 1,987,678,508 59.985 Douro Holdings Inc. 1,987,678,508 59.985 Ferretti Holdings Corp. 1,987,678,508 59.985 Ease Action Investments Corp. 1,987,678,508 59.985 Peganin Corp. 1,987,678,508 59.985 Richtone Enterprises Inc. 1,987,678,508 59.985 Matthews International Capital Management, LLC 238,345,250 7.193

70 Silver Log Holdings Ltd. Silver Log Holdings Ltd.Crown Base International LimitedCrown Base International LimitedEffectual Holdings Corp. Effectual Holdings Corp.Douro Holdings Inc. Douro Holdings Inc. Ferretti Holdings Corp. Peganin Corp.Ferretti Holdings Corp. Ease Action Investments Corp.Peganin Corp.Richtone Enterprises Inc. Onway Assets Holdings Ltd. Silver Log Holdings Ltd. 444,500,000 Ease Action Investments Corp. Richtone Enterprises Inc. Silver Log Holdings Ltd. 317 317 8 3 2.02 903,723,326 13.21 13.21 630,000,000 79% (a) (b) (c) (i)50% (ii) 50% (iii)

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