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2008 2008 11 2 3 5 10 15 20 20 35 36 43 142 1

2008 CHINA MERCHANTS PROPERTY DEVELOPMENT CO., LTD. CMPD 518067 0755 26819600 0755 26819680 investor@cmpd.cn 9 518067 http://www.cmpd.cn investor@cmpd.cn http://www.cninfo.com.cn B 000024 200024 11990 9 19 2 3 440301503287841 4 440300618845136 440300618845136 561884513-6 6 30 2

2008 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 1 1,290,208,060 2 1,301,864,971 3 1,227,615,829 4 1,254,636,882 5-3,919,843,675-22,343,267-139,458 1,563,062-7,949,650 20,414 1,548,930-27,021,053 3

2008 1,227,616 14,862,746-1,339,829 1,227,616 16,202,575 1,227,616 / 2008 2007 2006 3,573,184,200 4,111,644,668-13.10% 2,809,276,609 2,939,402,576 1,301,864,971 1,454,440,222-10.49% 790,844,102 718,754,354 1,227,615,829 1,157,877,638 6.02% 631,416,627 567,912,385 1,254,636,882 1,069,028,729 17.36% 627,687,273 564,332,307-3,919,843,675-4,002,591,582 2.07% -1,582,810,754-1,920,152,158 0.94 1.08-12.96% 0.680 0.918 0.94 1.01-6.93% 0.641 0.918 0.96 0.99-3.03% 0.676 0.912 8.26% 14.65% -6.39 18.21% 13.09% 13.70% 21.77% -8.07 19.74% 14.00% 8.44% 13.53% -5.09 18.10% 13.01% 14.01% 20.10% -6.09 19.62% 13.92% -2.28-4.74 51.90% -2.56-3.10 / 2008 2007 2006 (%) 37,437,014,995 25,107,163,682 49.11% 12,484,732,889 14,201,844,482 14,862,746,365 7,902,920,455 88.07% 3,466,981,776 4,338,186,414 8.65 9.35-7.49% 5.60 7.01 200710 322006 2007 4

2008 2008 12 31 1 + - 430,035,906 50.90% 279,422,462 129,010,772 86,007,182 5,005,212 499,445,628 929,481,534 54.12% 1 2 301,299,211 35.66% 279,349,288 90,389,763 60,259,843 429,998,894 731,298,105 42.58% 3 4 128,439,676 15.20% 38,531,903 25,687,935 5,050,126 69,269,964 197,709,640 11.51% 128,439,676 15.20% 38,531,903 25,687,935 5,050,126 69,269,964 197,709,640 11.51% 5 297,019 0.04% 73,174 89,106 59,404-44,914 176,770 473,789 0.03% 414,831,096 49.10% 170,577,538 124,449,329 82,966,218-5,005,212 372,987,873 787,818,969 45.88% 1 317,189,437 37.54% 170,577,538 95,156,831 63,437,887 45,851 329,218,107 646,407,544 37.64% 2 97,641,659 11.56% 29,292,498 19,528,331-5,051,063 43,769,766 141,411,425 8.24% 3 4 844,867,002 100.00% 450,000,000 253,460,101 168,973,400 0 872,433,501 1,717,300,503 100.00%. 450,000,000 241,470,500 37,878,788 97,568 2010 9 24. 2007 10 3 10 2 422,433,501. B 5,050,126. A 693,419,317 B 197,709,640 A 37,878,788 A 251,564 B 222,225 5

2008 2. 301,299,211 0 392,120,106 693,419,317 2010 9 24 0 0 37,878,788 FOXTROT INTERNATIONA L LIMITED ORIENTURE INVESTMENT LTD 37,878,788 2010 9 24 62,762,700 0 31,381,350 94,144,050 2010 9 24 29,461,546 0 19,780,899 18,480,000 0 9,240,000 49,242,445 27,720,000 2010 9 24 2010 9 24 17,735,430 0 8,867,715 26,603,145 2010 9 24 64,290 0 42,337 106,627 30,300 0 37,125 67,425 33,391 0 39,485 72,876 31,425 0 26,546 73,800 18,450 42,675 0 0 22,640 0 0 10,125 0 0 11,250 3,150 0 3,150 10,275 0 10,275 57,971 98,025 22,640 10,125 11,250 6,300 20,550 31,788 31,788 0 0 18,600 18,600 0 0 2009 3 22 2009 3 22 2008 4 18 2008 6 8 430,035,906 68,838 499,514,466 929,481,534 49,242,445 FOXTROT INTERNATIONAL LIMITED ORIENTURE INVESTMENT LTD 1. 3 [2006]67 2006 8 30 1,510 6

2008 100 151,000 A A 2006 9 11 2007 3 1 A 000024 ) 2007 3 1 2007 4 23 30 20 (13.09 / ) 130%(17.02 / ) 2007 5 25 15,093,841 A 115,307,691 6,159 2007 5 25 2007 5 31 [2007]299 2007 9 18 2007 9 24 A 110,736,639 20.77 / 2007 9 27 [2008]989 2008 11 26 A 450,000,000 13.20 / A A 2008 12 8 2 A B 309,319,071 113,114,430 A 450,000,000 844,867,002 1,717,300,503 2008 4.72 +/- A 30,000 +7,671 37,671 B 7,612 +935 8,547 37,612 +8,606 46,218 7

2008 2008 12 31 10 1 40.38% 693,419,317 693,419,317 2 5.48% 94,144,050 94,144,050 3 2.97% 50,999,591 49,242,445 4 2.21% 37,878,788 37,878,788 5 FOXTROT INTERNATIONAL 1.61% 27,720,000 27,720,000 LIMITED 6 ORIENTURE INVESTMENT LTD 1.55% 26,603,145 26,603,145 7 1.18% 20,200,000 0 8 0.98% 16,753,410 0 9 0.86% 14,707,980 0 10 0.82% 14,000,074 0 10 1 20,200,000 A 2 16,753,410 A 3 14,707,980 A 4 14,000,074 A 5 13,571,415 A 6 12,713,095 A 7 12,375,568 A 8 GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 11,746,780 B 9 11,639,504 A 10 BOCI SECURITIES LIMITED 9,480,412 B.. 1 1992 2 22.36 8

2008 2 1986 10 54 40.38 100% 100% 2.87% 5.48% 1.61% 100% Orienture Holdings Co. Ltd 100% 100% Foxtrot International 78% 1.55% Orienture Investment Limited 100% 2.21 3. 4. 2006 2 9 147,426,958 2006 2 9 24 24 12, 5% 24 36, A 30 120% 11.51 2005 9

2008 10 0.2 2006 10 2.5 2007 10 3 2 1 7.43 2010 9 24 1 49 2008.9.22 2011.9.21 48 2008.9.22 2011.9.21 49 2008.9.22 2011.9.21 43 2008.9.22 2011.9.21 37 2008.9.22 2011.9.21 50 2008.9.22 2011.9.21 46 2008.9.22 2011.9.21 53 2008.9.22 2011.9.21 50 2008.9.22 2011.9.21 60 2008.9.22 2011.9.21 47 2008.9.22 2011.9.21 2 42 2008.9.22 2011.9.21 48 2008.9.22 2011.9.21 50 2008.9.22 2011.9.21 36 2008.9.22 2011.9.21 26 2008.9.22 2011.9.21 3 48 2008.9.22 2011.9.21 43 2008.9.22 2011.9.21 45 2008.9.22 2011.9.21 46 2008.9.22 2011.9.21 50 2008.9.22 2011.9.21 53 2008.9.22 2011.9.21 41 2008.9.22 2011.9.21 40 2008.9.22 2011.9.21 4 A B A B 18,720 67,000 41,670 100,500 2007 40,400-89,900-2007 10

2008 A B A B - 73,800-130,700 2007 44,522-97,170-2007 19,900 22,000 44,295 33,000 2007 13,561-30,187-2007 - 9,000-13,500 2007 - - 15,000-2007 8,600 5,100 12,900 7,650 2007-4,200-6,300 2007 145,703 181,100 331,122 291,650 ( ) 1, 11

2008 1997 7 1984 2003 11 2004 11 2 2002 3 2003 3 12

2008 ; 2005 6 2007 5 3 2000 13

2008 1998 2001 2004 2008 4 2002 5 2008 6 2007 6 2003 10 2004 4 2008 5 2002 4 2007 4 2003 1 2008 167.05 116.94 117.07 127.73 114.33 115.88 98.82 74.25 42.41 15.84 990.32 2-20% ( ) 12 12 14

2008 12 3.30 2008 9 39.30 12008 9 22 2008 2 2008 9 19 3 2008 9 22 2008 12 31 7,922 1,300 97 297 554 96 250 6 7.46% 22.85% 42.62% 7.38% 19.23% 0.46% 128 671 281 220 9.85% 51.62% 21.62% 16.92% 6,622 14 388 992 5,228 0.21% 5.86% 14.98% 78.59% 1 3 15

2008 2 17 3 3 2008 3 6 4 2008 2008 11 4 5 2 5 2007 2008 27 [2008]62 2007 2008 7 18 2007, 16

2008 10 10 0 0 17 16 1 0 7 7 0 0 17 17 0 0 17 17 0 0 2008 9 22 2008 9 22 2008 3 2007 2008 2008 A 17

18 2008

2008 2008 NDF NDF 2008 2009 1. 2008 12 31 () 2. ( ) (09) E0011 2008 12 31 - http://www.cninfo.com.cn 19

2008 http://www.cninfo.com.cn 1 2 2008 3 17 2007 2008 3 18 2008 6 2 2008 2008 6 3 2008 9 22 2008 2008 9 23 2008 GDP 10.4% 1.8 9 GDP 9% 2.3 GDP 6.8% 4.4 GDP 9.0% 2008 20

2008 0.3% 10.8% 5.2% 4.9% 2008 27.2% 25.3% 33.9% 26.0% 2008 29.7% 28% 6000 9.3 2008 2008 11 18 75 40% 80% 2008 2008 28 2008 70% 2008 2008 21

2008 2008,, 2008 57.77 316 2007 174 NDF 2008 35.73 12.28 19.40 11.35 5.03 625 6.79 84,146 0.79, 2,841 % 1,939,969-26% 54% 976,394-15% 47% 963,574-35% 65% 50% -6 502,593 31% 14% 261,195 38% 12% 241,398 25% 16% 48% -2 60,089-42% 2% 56,506-29% 3% 3,583-84% 0% 6% -16 757,237 4% 21% 533,292-4% 25% 223,945 30% 15% 30% 6 300,650 23% 8% 258,193 39% 12% 42,457-26% 3% 14% -10 64.15 44.52 14,400 / 16.25 11.8 11 42 2008 161 22

330 2008 2008 / / 1 14.75 14.75 11.70 1.72 3.05 2005.09 2007.08 2 27.56 27.56 9.99 1.51 11.79 2005.06 2009.08 3 7.60 7.60 7.60 - - 2007.02 2009.07 4 4.05 4.05 - - - 2007.09 2009.9 5 4.26 4.26 - - - 2009.03 2010.03 6 2.71 2.71 2.71 - - 2008.03 2010.06 7 12.93 12.93 - - - 2009.04 2012.06 8 6.80 6.80 - - - 2009.08 2012.03 9 3.20 3.20 - - - 2009.08 2012.04 10 30.31 15.16 3.26 1.84 7.14 2005.09 2011.10 11 22.28 22.28 22.28 - - 2008.03 2009.12 12 22.22 22.22 - - - 2008.08 2011.08 13 94.61 94.61 12.90 - - 2008.02 2015.07 14 83.94 58.76 - - - - - 15 45.90 22.95 35.30 - - 2008.04 2012.06 16 26.83 13.42 10.80 - - 2008.08 2013.03 17 A 12.30 6.27 12.30 - - 2008.12 2011.02 18 B 22.12 22.12 - - - 2009.05 2012.07 19 10.41 10.41 2.03-6.83 2005.09 2008.12 20 13.76 13.76 8.11 - - 2008.07 2011.11 21 9.86 9.86 9.86 - - 2008.03 2010.03 22 29.53 17.72 4.94 0.02 0.02 2006.05 2012.07 23 10.90 10.90 1.47 - - 2008.10 2014.10 24 14.51 14.51 10.48 1.84 1.84 2006.12 2010.12 25 G82 42.05 21.03 - - - - - 26 22.57 22.57 10.59 1.93 7.35 2005.06 2009.03 27 92.90 55.74 - - - 2008.04 2014.03 28 16.90 8.45 - - - 2009.12 2012.12 29 1872 42.14 42.14 18.95 1.92 1.92 2006.10 2012.11 30 42.60 21.30 25.82 - - 2008.10 2012.04 31 36 3.40 2.55 2.85 0.55 0.55 2007.3 2009.11 32 31.18 31.18 8.59 - - 2007.10 2013.09 33 42.72 42.72 10.87 - - 2007.04 2012.12 34 51.93 51.93 - - - 2009.11 2015.08 35 13.70 6.99 13.70 - - 2008.07 2011.11 36 67.80 34.58 - - - - - 37 10.37 5.29 - - - - - 1,013.60 785.28 257.10 11.33-24.93 11.33 1.8 11.8 62.56 9 625 5.03 31% 10%2008 23

2008 2008 2008 2007 2008 2007 6.74 70.03 66.45 85% 81% 6.59 68.90 69.39 87% 90% 21.22 190.17 108.66 76% 98% 14.85 168.33 196.52 94% 97% 13.16 127.85 116.10 84% 97% 62.56 625.28 557.11 84% 95% 2008 2007 84,146 87,598-3.9% 2,841 3,021-5.96% 2008 1,457 4% 3.01 23% 2008 2007 868.66 886.77-2.04% 588.06 635.02-7.40% 2008 45% 14% 24

2008 1. 2008 2007 12 31 12 31 37,437,015 25,107,164 49% 7,389,134 3,588,096 106% 97,332 - - 107,178 56,499 90% 28,317 7,295 288% 23,869,301 17,167,331 39% 227,597 9,609 2269% 971,980 - - 771,232 568,290 36% 39,615 131,394-70% 94 52,464-100% 196,539 8,101 2326% 40,876 9,017 353% 3,613,956 5,671,532-36% 0 50,590-100% 1,863,688 2,916,864-36% 2,731,473 183,054 1392% 3,154,569 2,139,592 47% 1,810,099 300,000 503% 6,807,316 3,645,235 87% 90,466 1,211 7370% 1,717,301 844,867 5% 2007 8,548,545 3,413,858 23% 2. 2008 12 31 2007 12 31 37,437,015 100% 25,107,164 100% 7,389,134 20% 3,588,096 14% 6 23,869,301 64% 17,167,331 68% -4 2,632,976 7% 2,377,676 9% -2 3,613,956 10% 5,671,532 23% -13 2,731,473 7% 183,054 1% 6 3,154,569 8% 2,139,592 9% -1 6,807,316 18% 3,645,235 15% 3 3. 2008 2007 226,716 76,215 150,501 197% 203,224 160,772 42,452 26% 30,914 10,605 20,309 192% 209,865 259,309-49,444-19% 25

4 2008 2008 2007-3,919,844-4,002,592 82,748 2% -419,241-1,561,227 1,141,986 73% 8,164,452 8,195,735-31,283-5 6 106,000 17,638,347 66% 427,013-7% 695,471-34% 573,361-37% 57,000 1,492,353-5% 642,266 32% 203,886 22% 169,696 3% 43,000 194,082-3% 162,221 1% 3,709-52% 1,432-84% 25,000 274,382 2% 60,897-19% 20,544-18% 11,843-24% 30,000 417,799 17% 153,414 14% 25,012-73% 18,932-68% 40,000 393,430 35% 44,545 29% 65,956 2417% 50,805 1885% 20,000 1,690,109 14% 52,403 385% 55,312 1670% 41,602 1329% 50,000 770,061 58% 125,572 12% 17,619-62% 13,114-57% 90% () () 60% Elite Trade Investment Limited() () 70% 30%() 2008 4 7. NDF 26

(2) (3) (4) (5) 2008 (1) (6) 1. - 9,488-245 9,733-9,488-245 9,733 2. 388 - -214-174 388 9,488-245 9,907 5,059-5,059 - - - 5,059-5,059 - - - 8. 2008 50% 18,237 18,237 9,119 50% 11,384 11,384 5,692 29,621 29,621 14,811 122,501,310 ( 108,033,906 ) 1 2 3 4 (5) 6 1. - 9,488-245 9,733-9,488-245 9,733-9,488-245 9,733 5,059-5,059 - - - 2008 2008 TOP10 27

2008 20 10 IR 2008 2009 2009 2009 25 2009 + 2009 2009 2009 2009 28

2008 2009 11 28 413 301 2009 112 2009 171 120 81,000 2,860 2008 2007 A 2008 1. 2007 A 31,687 229,217 204,727 5% 40,000 40,000 N/A 5,377 88,000 88,000 16,491 2,885 25,000 14,666 6,793 33,000 18,844 14,733 1 2 43,217 43,217 16,116 4,144 229,217 204,727 1. 2007 2008 2008 57,876 2007 2. 2008 2,226 850 2008 18% 15% 3 2008 3,029 3. 2008 12 31 4. 4,945 2008 74% 4,144 2008 12 31 09 E0013 [2007]500 29

2008 2 2008 346,824 577,722 346,824 22,722 16,118 8.93% N/A 22,000 18,605 8,830 N/A 16,000 13,342 8.88% N/A 44,000 43,038 31,973 N/A 34,000 30,474 13,462 N/A 130,000 92,460 52,198 N/A 40,000 13,710 50,523 N/A 70,000 32,221 37,115 N/A 60,000 27,105 111,088 N/A 40,000 23,999 68,424 N/A 26,000 14,937 15,088 N/A 35,000 9,644 18,653 N/A 38,000 11,171 27,485 N/A 577,722 346,824 2008 A ( ) (09) E0012 [2007]500 A 2009 2009 2008 2009 2010 1 16,118 6,604 22,722 2 18,605 3,395 22,000 3 13,342 2,658 16,000 4 43,038 962 44,000 5 30,474 3,526 34,000 6 92,460 7,305 30,235 130,000 7 13,710 8,752 17,538 40,000 8 32,221 31,416 6,363 70,000 9 27,105 27,850 5,045 60,000 10 23,999 16,001 40,000 11 14,937 4,795 6,268 26,000 12 9,644 19,422 5,934 35,000 13 11,171 22,036 4,793 38,000 346,824 154,722 76,176 577,722 30

2008 2008 176,986-57,416-1872 39,867 32% 9 27,312 35% 22,134 21% 20,950 17% 18,826 30% 17,809 133% 36 16,813 59% 16,306 16% 9,272 48% 8,888 6% 8,109 145% 2009 1 5,874 139% A 2,334 14% 365 8,561-2,793 2% 4,437 30% B 1,471 6% 1,190 1% 2008 8353 39332 2252 7660 17 3 14 1 2008 1 10 2008, 2008 1 16 2 2008 2 18 2007 2007 2007 2007 2007 2007 A 2008 A 2008 2 20 3 2008 3 4 2008 4 2008 4 14 2008 2008 4 15 5 2008 5 16 2008 31

2008 2008 A 2008 5 17 6 2008 6 2 2008 3 2008 6 3 7 2008 6 27 2008 2008 6 28 8 2008 7 18 2008 2008 7 19 9 2008 7 28 2008 2008 7 29 10 2008 8 28 2008 <> <> NDF 2008 2008 8 30 11 2008 9 22 2008 9 23 12 2008 10 20 2008 13 2008 10 30 2008 1.5 2008 10 31 14 2008 11 11 2008 15 2008 11 14 2008 10.5 16 2008 12 5 2008 ELITE TRADE INVESTMENTS LIMITED100% 2008 12 9 17 2008 12 29 2008 2008 2008 12 31 ( ) 1 2007 2008 3 17 2007 2007 2007 12 31 844,867,002 10 3 10 1 () 2007 12 31 844,867,002 10 32

2008 2 2008 4 16 2007 2008 4 21 2008 4 22 2 2008 A 2008 3 17 2007 2008 A 2008 12 8 3 2008 2008 4 2008 9 22 2008 5 3,000 1,, 2 33

2008 3 2008 2008 1 2007 2007 2007 844,867,002 10 3 10 1 () 2007 844,867,002 10 2 2007 2008 5 15 2 2008 2008 2,728,924,171 2,485,046,999 581,823,973 337,946,801 2008 581,823,973 10% 58,182,397 1,717,300,503 10 1 () 171,730,050 2,499,011,724 2008 2008 581,823,973 100.00% 58,182,397 10.00% 2,147,100,198 2008 171,730,050 29.52% 2,499,011,724 3. 2007 84,486,700 2,499,187,877 3.38% 2006 154,705,668 567,912,385 27.24% 2005 12,376,453 421,580,919 2.94% 34

2008 2008 2009 6 1 2008 2 18 2007 2008 2 20 2 2008 4 14 2008 3 2008 7 28 2008 7 29 4 2008 8 28 2008 2008 8 30 5 2008 9 22 2008 9 23 6 2008 10 20 2008 2008 2007 9 30 22.92 2008 11 26 A 57.77 90% Elite100% 35

2008 000004 ST 1,572,275 489,824 0.58% 1,743,773 0-1,630,975 ( ) A 1 2008 2007 A [2008]989 2008 11 26 A 450,000,000 13.20 / 57.77 279,234,227 62.05% 2007 12 31 260,181 2008 12 26 51,996 19.98% 208,185 205,259 2 2008 2 20 2008 12 31 A 2008 36

2008 ( ) ELITE TRADE INVESTMENTS LIMITED 1. HEIGHTEN HOLDINGS LIMITEDHEIGHTEN ELITE TRADE INVESTMENTS LIMITED ELITE 2008 HEIGHTEN ELITE ELITE ADF PHOENIX IV LIMITEDADF 2008 11 15 162,500 ELITE100% 88,066.83 74,433.17 2008 12 23 ADF ELITE 106,067,034.37 72,500 2. 2008 12 3 2008 12 9 2008 12 24 2008 ELITE TRADE INVESTMENTS LIMITED 1 2008 A A 2 2008 1 T102-0183 110KV 2,421,188 1 2008 12 31 RMB 58,169,050 RMB 146,266,963 RMB 6,070,029 RMB 400,000,000 USD 24,380,000 RMB 24,000,000 RMB 210,000,000 37

2008 RMB 590,000,000 RMB 100,000,000 RMB 40,000,000 HKD 130,000,000 USD 177,000,000 ING 2 2008 12 31 261,728,182 206,243,158 467,971,340 82,395,024 200,850,000 117,331,399 6,563,954 2,000,000 1,973,777 328,719,130 1 3 2 2008 12 60% 40% 3 1 17,709 2 3,000 205,038,000 3,000 205,038,000 70% ( ) ( ) 1. 4 2 31 2008 1 4 2009 1 4 38

2008 2. 55 50 3 2 3. 2.4 2008 3 27 2009 3 26 4. 20 2009 2 12 2011 10 17 5. 30 2007 4 16 2009 4 16 6. 10 2008 11 28 2009 11 28 7. 10 2007 10 26 2008 10 26 8. 3 2008 6 2 2010 6 1 9. 3 2008 9 25 2010 9 24 10. 9 2008 11 28 2012 11 28 11. 1.56 2008 12 12 2012 12 17 12. 3 6.5 13. 4 2007 9 7 2009 9 7 14. 3000 2008 6 18 2010 6 18 15. 5 / 2008 12 24 2010 12 24 16. ING BANK N.V. HONG KONG BRANCH 5000 2007 11 19 2012 11 19 17. 1.5 2008 11 28 2011 11 28 1 1 2 3 2007 39

2008 4 2007 A 2007 9 24 2010 9 23 5 2008 10 12 6 2 2001 2008 3 17 2007 2008 8 2008 315 1 8 Doric Capital Coporation 1 30 2 20 CALSA-PACIFIC MARKETS PEDRA INVESTMENT MANAGEMENT 2 26 3 3 11 3 14 4 4 26 -- UBS RCM BlackRock Alliance Bernstein -- 6 15 6 23 --08 40

41 2008 6 23 08 LEHMAN BROTHERS 6 27 UBS RCM BARINGS --A 7 8 7 15 -- 7 17 7 22 7 30 8 1 8 15 8 21 9 1 ABSOLUTE ASIA UBS 9 3 9 4 UG INVESTMENT ADVISERS 9 18 UBS CHINA PROPERTY DAY 9 23 UG INVESTMENT ADVISERS LIMITED GMT BOYER ALLAN INVESTMENT MANAGEMENT HONG GONG GE ASSET MANAGEMENT 10 7 UBS 10 16 10 17 10 21 10 22 10 24 11 4

2008 11 7 11 12 11 13 11 17 10 21 11 25 11 25 11 26 11 28 Deutsche Securities Asia 11 29 Limited Mirae Asset Global Investments (H.K.)Limited BEA Union Investment Management Limited 12 8 12 10 42

2008 ( ) (09) P0194 () 2008 12 31 2008 (1) (2) (3) 2008 12 31 2008 2009 3 27 43

2008 12 31 7 7,389,133,547 3,588,095,863 4,728,619,945 2,454,024,042 8 97,331,980 - - - 9 107,177,879 56,498,734 - - 10 28,316,856 7,295,171 - - - - 3,030,848,071 2,447,054,932 11 778,506,128 836,891,695 14,588,369,018 9,790,585,234 12 23,869,301,251 17,167,330,873-1,256,600,000 40,129 - - - 13 227,596,742 9,608,644 - - 32,497,404,512 21,665,720,980 22,347,837,034 15,948,264,208 14 1,743,773 3,887,829 1,743,773 3,887,829 15 971,960,034-838,808,511-16 771,232,269 568,290,424 1,442,068,686 1,421,238,125 17 2,632,975,770 2,377,676,137 - - 18 284,573,922 289,152,145 320,838 432,040 19 39,614,982 131,394,118 - - 20 94,212 52,463,926 - - - 1,460,212 - - 21 196,539,294 8,100,944 349,732 540,835 22 40,876,227 9,016,967-2,422,142 4,939,610,483 3,441,442,702 2,283,291,540 1,428,520,971 37,437,014,995 25,107,163,682 24,631,128,574 17,376,785,179 44

- 2008 12 31 24 3,613,956,278 5,671,532,494 2,806,081,100 3,735,866,600-50,589,723 - - 25 143,287,841 97,215,654 - - 26 1,863,688,472 2,916,864,090-1,111,940,000 27 2,731,472,693 183,053,832 - - 28 121,900,048 136,219,785 4,237,517 3,667,614 29 270,545,613 317,190,250 291,820 51,263,149 30 41,051,205 30,685,761 36,025,186 25,934,411 31 8,778,785 22,905,569 - - 32 3,154,569,035 2,139,591,897 2,688,993,082 2,325,027,310 33 1,810,099,402 300,000,000 1,550,000,000 300,000,000 34 459,072,398 415,608,438 77,559 77,559 14,218,421,770 12,281,457,493 7,085,706,264 7,553,776,643 35 6,807,315,907 3,645,235,019 3,610,000,000 2,160,000,000 36 33,285,411 28,790,682 - - 37 90,466,298 1,211,060 - - 38 34,300 547,380 34,300 547,380 39 7,984,305 5,177,320 - - 6,939,086,221 3,680,961,461 3,610,034,300 2,160,547,380 21,157,507,991 15,962,418,954 10,695,740,564 9,714,324,023 40 1,717,300,503 844,867,002 1,717,300,503 844,867,002 41 8,548,544,784 3,413,857,995 8,928,070,622 3,771,454,441 42 670,226,504 612,044,107 619,275,111 561,092,714 43 3,858,062,286 3,026,575,655 2,670,741,774 2,485,046,999 68,612,288 5,575,696 - - 14,862,746,365 7,902,920,455 13,935,388,010 7,662,461,156 44 1,416,760,639 1,241,824,273 - - 16,279,507,004 9,144,744,728 13,935,388,010 7,662,461,156 37,437,014,995 25,107,163,682 24,631,128,574 17,376,785,179 45

2008 12 31 45 3,573,184,200 4,111,644,668-12,013,509 46 2,097,773,113 2,179,150,950-10,913,479 47 264,980,117 512,845,080-606,682 226,715,702 76,214,765 - - 203,223,524 160,771,981 21,892,381 15,764,862 48 30,913,643 10,604,630 (11,988,550) 15,771,376 49 407,654,635 (4,678,993) - 24,948,651 50 145,469,305 (50,589,723) - - 51 802,815,289 201,064,535 594,263,908 2,493,148,940 51 176,812,461 143,786,639 (6,766,935) (2,764,486) 1,290,208,060 1,327,211,067 584,360,077 2,437,157,399 52 24,173,367 129,972,366-66,838,104 53 12,516,456 2,743,211 113,962-53 2,111,390 1,527,513 - - 1,301,864,971 1,454,440,222 584,246,115 2,503,995,503 54 209,864,866 259,309,334 2,422,142 4,807,626 1,092,000,105 1,195,130,888 581,823,973 2,499,187,877 1,227,615,829 1,157,877,638 (135,615,724) 37,253,250-29,473,718 ( ) 56 0.9408 1.0772 ( ) 56 0.9408 1.0132 44 139 46

2008 12 31 6,195,335,331 3,785,454,537-12,013,509 25,520,015 57,829,657 - - 60 887,926,560 1,756,268,725 943,871,952 840,495,790 7,108,781,906 5,599,552,919 943,871,952 852,509,299 9,374,818,057 8,213,204,025 624,189,311 564,675,851 515,097,597 384,051,253 15,779,484 12,625,711 802,008,011 547,320,197 27,209,416 4,958,636 60 336,701,916 457,569,026 4,175,180,346 3,166,712,824 11,028,625,581 9,602,144,501 4,842,358,557 3,748,973,022 (3,919,843,675) (4,002,591,582) (3,898,486,605) (2,896,463,723) 40,702,142 14,966,942 40,702,142 2,657,823 12,870,616 35,416,464 23,508,529 20,170,690 2,772,549 304,267,845-283,606,500 681,912,273 - - - 738,257,580 354,651,251 64,210,671 306,435,013 83,837,658 1,039,817,130 - - 1,013,522,765 628,565,935 928,808,511 529,627,200 5,252,240 227,583,787 - - 61 54,886,338 19,910,931 - - 1,157,499,001 1,915,877,783 928,808,511 529,627,200 (419,241,421) (1,561,226,532) (864,597,840) (223,192,187) 6,444,200,352 3,188,359,229 5,777,220,556 2,293,500,000 666,979,796 894,859,229 - - 8,943,642,350 8,758,782,055 4,795,316,600 5,347,159,600 15,387,842,702 11,947,141,284 10,572,537,156 7,640,659,600 47

- 2008 12 31 6,329,137,678 3,240,580,558 3,025,102,100 2,220,520,803 894,253,290 510,825,979 508,865,040 393,643,480 24,025,535 1,992,565 - - 7,223,390,968 3,751,406,537 3,533,967,140 2,614,164,283 8,164,451,734 8,195,734,747 7,038,570,016 5,026,495,317 (12,294,446) (6,337,460) (889,668) (6,852) 3,813,072,192 2,625,579,173 2,274,595,903 1,906,832,555 59 3,544,984,914 919,405,741 2,454,024,042 547,191,487 59 7,358,057,106 3,544,984,914 4,728,619,945 2,454,024,042 48

2008 12 31 2008 1 1 844,867,002 3,413,857,995 612,044,107 3,026,575,655 5,575,696 7,902,920,455 1,241,824,273 9,144,744,728 844,867,002 3,771,454,441 561,092,714 2,485,046,999 7,662,461,156 872,433,501 5,134,686,789 58,182,397 831,486,631 63,036,592 6,959,825,910 174,936,366 7,134,762,276 872,433,501 5,156,616,181 58,182,397 185,694,775 6,272,926,854 ( ) - - - 1,227,615,829 1,227,615,829 (135,615,724) 1,092,000,105 - - - 581,823,973 581,823,973 ( ) - (23,560,367) - - 63,036,592 39,476,225 19,428,464 58,904,689 - (1,630,975) - - (1,630,975) 1 - (2,144,056) - - - (2,144,056) - (2,144,056) - (2,144,056) - - (2,144,056) 2 - (1,028,971) - - - (1,028,971) - (1,028,971) - - - - - 3-513,081 - - - 513,081-513,081-513,081 - - 513,081 4 - (20,900,421) - - 63,036,592 42,136,171 19,428,464 61,564,635 - - - - - ( ) ( ) - (23,560,367) - 1,227,615,829 63,036,592 1,267,092,054 (116,187,260) 1,150,904,794 - (1,630,975) - 581,823,973 580,192,998 ( ) 450,000,000 5,327,220,556 - - - 5,777,220,556 304,382,300 6,081,602,856 450,000,000 5,327,220,556 - - 5,777,220,556 1 450,000,000 5,327,220,556 - - - 5,777,220,556 304,382,300 6,081,602,856 450,000,000 5,327,220,556 - - 5,777,220,556 2 - - - - - - - - - - - - - 3 ( ) 253,460,101-58,182,397 (396,129,198) - (84,486,700) (13,258,674) (97,745,374) 253,460,101-58,182,397 (396,129,198) (84,486,700) 1 - - 58,182,397 (58,182,397) - - - - - - 58,182,397 (58,182,397) - 2 253,460,101 - - (337,946,801) (84,486,700) (13,258,674) (97,745,374) 253,460,101 - - (337,946,801) (84,486,700) 3 - - - - - - - - - - - - - ( ) 168,973,400 (168,973,400) - - - - - - 168,973,400 (168,973,400) - - - 1 168,973,400 (168,973,400) - - - - - - 168,973,400 (168,973,400) - - - 2 - - - - - - - - - - - - - 3 - - - - - - - - - - - - - 4 - - - - - - - - - - - - 2008 12 31 1,717,300,503 8,548,544,784 670,226,504 3,858,062,286 68,612,288 14,862,746,365 1,416,760,639 16,279,507,004 1,717,300,503 8,928,070,622 619,275,111 2,670,741,774 13,935,388,010 49

- 2008 12 31 2006 12 31 618,822,672 1,491,566,681 706,035,235 1,535,728,546 (13,966,720) 4,338,186,414-4,338,186,414 618,822,672 1,491,566,681 655,083,842 1,586,679,939 4,352,153,134 - (1,264,888,649) (209,778,892) 602,640,262 - (872,027,279) 159,708,895 (712,318,384) - (1,213,989,543) (209,778,892) (1,330,327,385) (2,754,095,820) - - - 822,641-822,641 51,771,625 52,594,266 - - - - - 2007 1 1 618,822,672 226,678,032 496,256,343 2,139,191,449 (13,966,720) 3,466,981,776 211,480,520 3,678,462,296 618,822,672 277,577,138 445,304,950 256,352,554 1,598,057,314 226,044,330 3,187,179,963 115,787,764 887,384,206 19,542,416 4,435,938,679 1,030,343,753 5,466,282,432 226,044,330 3,493,877,303 115,787,764 2,228,694,445 6,064,403,842 ( ) - - - 1,157,877,638-1,157,877,638 37,253,250 1,195,130,888 - - - 2,499,187,877 2,499,187,877 ( ) - (388,322,115) - - 19,542,416 (368,779,699) (125,344,362) (494,124,061) - (81,624,775) - - (81,624,775) 1 - (11,694,664) - - - (11,694,664) (291,262) (11,985,926) - (4,859,955) - - (4,859,955) 2-1,028,970 - - - 1,028,970-1,028,970 - - - - - 3 - - - - - - - - - - - - - 4 - (377,656,421) - - 19,542,416 (358,114,005) (125,053,100) (483,167,105) - (76,764,820) - - (76,764,820) ( ) ( ) - (388,322,115) - 1,157,877,638 19,542,416 789,097,939 (88,091,112) 701,006,827 - (81,624,775) - 2,499,187,877 2,417,563,102 ( ) 226,044,330 3,575,502,078 - - - 3,801,546,408 1,120,372,907 4,921,919,315 226,044,330 3,575,502,078 - - 3,801,546,408 1 226,044,330 3,575,502,078 - - - 3,801,546,408 1,120,372,907 4,921,919,315 226,044,330 3,575,502,078 - - 3,801,546,408 2 - - - - - - - - - - - - - 3 - - - - - - - - - - - - - ( ) - - 115,787,764 (270,493,432) - (154,705,668) (1,938,042) (156,643,710) - - 115,787,764 (270,493,432) (154,705,668) 1 - - 115,787,764 (115,787,764) - - - - - - 115,787,764 (115,787,764) - 2 - - - (154,705,668) - (154,705,668) (1,938,042) (156,643,710) - - - (154,705,668) (154,705,668) 3 - - - - - - - - - - - - - ( ) - - - - - - - - - - - - - 1 - - - - - - - - - - - - - 2 - - - - - - - - - - - - - 3 - - - - - - - - - - - - - 4 - - - - - - - - - - - - - 2007 12 31 844,867,002 3,413,857,995 612,044,107 3,026,575,655 5,575,696 7,902,920,455 1,241,824,273 9,144,744,728 844,867,002 3,771,454,441 561,092,714 2,485,046,999 7,662,461,156 50

2008 12 31 1. () 1990 9 1993 2 23 A 27,000,000 B 50,000,000 210,000,000 A B 1993 6 1995 7 B SDR ( Singapore Depository Receipts ) 1994 2004 2004 12 31 618,822,672 2004 6 2006 1 18 A A 10 A 2 A 3.14 [2006]67 2006 8 30 A A 15,100,000 100 2006 9 11 2007 3 1 2007 5 25 15,093,841 ( 1,509,384,100 ) 115,307,691 6,159 ( 615,900 ) 734,130,363 [2007]299 2007 9 19 110,736,639 844,867,002 2008 3 17 2007 2007 2007 12 31 844,867,002 10 3 10 2 1,267,300,503 [2008]989 2008 11 26 A 450,000,000 279,349,288 1,717,300,503 51

2008 12 31 1. - ( )( ) 2. 2008 12 31 2008 3. 1 1 12 31 ( ) 52

2008 12 31 3. - (1) (2) (3) () ( ) 53

2008 12 31 3. - - - (1) (2) (3) (1) (2) - () ( ) 54

2008 12 31 3. - - - - (1) (2) (3) (4) (5) (6) (7) 55

2008 12 31 3. - - (8) (9) ( ) - - (1) (2) (3) 56

2008 12 31 3. - 57

2008 12 31 3. - - - 8 58

2008 12 31 3. - - - - - () - 10-50 5%-10% 1.8%-9.5% 10-20 5%-10% 4.5%-9.5% 5-10 5% 9.5%-19% 5-10 5% 9.5%-19% 59

2008 12 31 3. - - 60

2008 12 31 3. - - 61

2008 12 31 3. - - - - 13 14 62

2008 12 31 3. - (1)(2) (3) ( ) ( ) 63

2008 12 31 3. - () - - - 64

2008 12 31 3. - 3 65

2008 12 31 3. - - () () - ( ) () 66

2008 12 31 3. - - - - ( ) - 67

2008 12 31 3. - - - 68

2008 12 31 3. - - 69

2008 12 31 4. 3 5. ( 1) 5% 17% 17%( 2) 6% - 30%-60% 3% 70% 1.2%( 3) () 1%-3% () 3% 1 25% 70

2008 12 31 5. - 18% (1) 16.5% (2) (1) (2007)392008 1 1 515% 200818%18% (2) 16.5% 2 [2008]6 2008 1 1 2008 12 31 5.6 40% 3 70% 71

2008 12 31 6. 106,000 1,450,312 100% 100% 57,000 592,978 100% 100% 43,000 70,766 100% 100% 25,000 36,803 100% 100% 20,000 19,919 100% 100% 1,000 1,000 100% 100% 9,000 8,100 90% 90% 47,420 38,065 65.07% 65.07% 36,000 36,000 100% 100% 600 600 100% 100% 2,000 2,000 100% 100% 30,000 30,000 100% 100% () 20,000 20,000 100% 100% 50,000 50,000 100% 100% () 20,000 20,000 100% 100% () 30,000 30,000 100% 100% () 30,000 30,000 100% 100% 10,000-100% 100% 30,000 30,000 100% 100% () 30,000 30,000 100% 100% 40,000 30,000 75% 75% 72

2008 12 31 6. - - ( 1) 1,000 21,215 100% 100% 25,000 169,200 100% 100% 5,000 4,000 80% 80% 5,000 5,000 100% 100% 620 5,130 100% 100% 5,000 5,000 100% 100% () 10 11 100% 100% 11,200 11,200 100% 100% 500 500 100% 100% 2,000 1,200 60% 60% 40,000 28,000 70% 70% 50,000 25,500 51% 51% 8,000 8,000 100% 100% 8,000 4,080 51% 51% 73

2008 12 31 6. - - 30,000 353,250 60% 60% ( 2) 127,000 478,690 50% 50% ( 2) 10 5 50% 50% ( 2) 160,000 326,845 50% 50% 30,000 30,000 100% 100% 100,000 60,000 60% 60% 50,000 30,000 60% 60% 5,000 2,550 51% 51% 30,000 30,000 100% 100% 30,000 30,000 100% 100% 50,000 50,000 100% 100% 30,000 21,777 72.59% 72.59% ( 2) 219,800 1,511,578 50% 50% Heighten Holdings Limited 0.002 11 100% 100% Converage Holdings Limited 0.002 11 100% 100% 74

2008 12 31 6. - ( 3) 10,000 10,000 100% 100% ()( 4) 30,000 30,000 100% 100% () ( 5) 200,000 100,000 50% 50% ( 6) 51,000 51,000 100% 100% ( 7) 30,000 18,000 60% 60% ()( 8) 15,000-100% 100% ()( 9) 10-100% 100% ( 9) 4,000-100% 100% Elite Trade Investments Limited ( 9) 0.003-100% 100% ( 10) 1,000-100% 100% 75

2008 12 31 6. - 1 2008 1 2,088 45% 2008 12 31 55% 100% 2 50% 100% 3 2007 11 1,000 100 10% 2008 3 70% 700 80% 2008 12 20% 200 80% 100% 2007 12 31 62 4 2008 1 3,000 () 100% 5 2008 4 () 20,000 10,000 50% () 6 2008 4 5,100 100% 76

2008 12 31 6. - 7 2008 12 3,000 1,800 60% 8() 2007 2008 4 2008 1 1 9 2008 2 () 20% 8,000 2008 3 31 () 100% () 100% 2008 11 () 100% Elite Trade Investments Limited 1 1 162,122,783 Elite Trade Investments Limited100% Heighten Holdings Limited 2008 11 30 Heighten Holdings Limited Elite Trade Investments Limited100%Elite Trade Investments Limited () 100% 2008 12 Heighten Holdings Limited ADF Phoenix IV Limited Elite Trade Investments Limited 100% ADF Phoenix IV Limited 880,668,338 (2008)194 Elite Trade Investments Limited 2008 11 15 2008 12 23 106,067,034 ( 725,000,000 )2008 12 23 10 2008 8 7 () 70% 30% 803,129 344,198 2008 9 30 2008 10 1 8 9 10 63 77

2008 12 31 7. 50,001 1.00 50,001 103,917 1.00 103,917 20,276 0.88 17,836 24,150 0.94 22,614 154 5.05 776 6,884,738,331 1.00 6,884,738,331 3,460,019,252 1.00 3,460,019,252 8,388,656 0.88 7,393,460 13,314,042 0.94 12,467,269 68,154,853 6.83 465,827,107 9,848,935 7.30 71,942,532 ( ) 12,720,371 1.00 12,720,371 14,694,157 1.00 14,694,157 2,690,200 6.83 18,386,441 3,948,929 7.30 28,845,346 7,389,133,547 3,588,095,863 8. 97,331,980( ) - ING Bank N.V., Hong Kong Branch 2008 12 31 269,020,000 2009 1 5 2009 9 24 78

2008 12 31 9. (1) % % 1 106,050,263 94 2,312,665 103,737,598 54,400,839 91 478,083 53,922,756 1 2 1,420,716 1 25,136 1,395,580 284,577 1 25,546 259,031 2 3 169,547 1 31,982 137,565 912,803 1 265,236 647,567 3 4,700,950 4 2,793,814 1,907,136 4,223,585 7 2,554,205 1,669,380 112,341,476 100 5,163,597 107,177,879 59,821,804 100 3,323,070 56,498,734 (2) % % - - - - - - - - 1000 4,700,950 4 2,793,814 1,907,136 4,223,585 7 2,554,205 1,669,380 3 107,640,526 96 2,369,783 105,270,743 55,598,219 93 768,865 54,829,354 112,341,476 100 5,163,597 107,177,879 59,821,804 100 3,323,070 56,498,734 (3) 2008 2007 3,323,070 3,335,742 1,970,863 301,075 130,336 313,747 5,163,597 3,323,070 (4) % 11,989,715 1 11 (5) 5%( 5%) 79

2008 12 31 10. (1) % % 1 26,822,305 95 6,987,171 96 1 2 1,444,551 5 308,000 4 2 3 50,000 - - - 28,316,856 100 7,295,171 100 (2) 13,616,507-1000 - - 3 14,700,349 7,295,171 28,316,856 7,295,171 (3) 5%( 5%) 11. (1) % % 1 625,184,871 71 59,823 625,125,048 802,223,107 96 22,917 802,200,190 1 2 258,550,646 29 108,049,251 150,501,395 32,852,904 4 65,553 32,787,351 2 3 1,644,540-214,920 1,429,620 434,824-7,240 427,584 3 3,171,213-1,721,148 1,450,065 3,479,034-2,002,464 1,476,570 888,551,270 100 110,045,142 778,506,128 838,989,869 100 2,098,174 836,891,695 80

2008 12 31 11. - (2) 819,625,246 108,033,906( ) 711,591,340 531,199,497-531,199,497 1000 3,171,213 1,721,148 1,450,065 3,479,034 2,002,464 1,476,570 3 65,754,811 290,088 65,464,723 304,311,338 95,710 304,215,628 888,551,270 110,045,142 778,506,128 838,989,869 2,098,174 836,891,695 122,501,310 ( 108,033,906 ) (3) 2008 2007 2,098,174 3,541,463 109,613,230 288,845 9,122 1,714,534 258,160 17,600 (1,398,980) - 110,045,142 2,098,174 (4) % 774,705,246 2 87 (5) 5%( 5%) 81

2008 12 31 12. 22,931,730,833 296,210,000 22,635,520,833 15,997,211,790-15,997,211,790 1,227,864,442-1,227,864,442 1,165,031,359-1,165,031,359 4,450,453-4,450,453 3,982,071-3,982,071 1,628,505 162,982 1,465,523 1,268,635 162,982 1,105,653 24,165,674,233 296,372,982 23,869,301,251 17,167,493,855 162,982 17,167,330,873 (1) 2008.10 2012.04 434,899-1,769,857,158 2008.08 2013.03 282,598-1,609,776,610 2007.10 2013.09 394,315 1,285,621,090 1,579,060,949 2008.04 2014.03 462,932-1,469,354,406 1872 2006.10 2012.11 378,198 1,236,507,084 1,332,885,813 2006.05 2012.07 150,842 1,031,473,491 1,252,815,691 2008.04 2012.06 324,049-1,171,678,450 2008.02 2015.07 482,973-1,053,695,705 2008.03 2009.12 155,498-984,596,333 2008.08 2011.08 195,073-936,723,035 2008.07 2011.11 132,539-701,560,844 2007.10 2012.10 179,892 478,206,869 681,509,730 2008.10 2014.10 163,139-574,159,384 2008.03 2010.03 84,502-495,818,192 2006.12 2010.12 100,524 146,494,943 481,672,906 2007.02 2009.07 45,020 156,405,242 328,987,065 2008.07 2011.11 63,701-286,338,846 2007.12 2009.03 40,573-279,549,890 2007.12 2009.08 42,863 134,380,464 215,500,993 2008.03 2010.06 38,833 16,241,263 202,669,933 2007.09 2009.09 30,360 4,750,541 187,526,695 A 2008.12 2011.02 72,484-184,743,841 2008.03 2009.12 28,557-158,172,763 36 2007.03 2009.11 57,942 283,646,221 128,614,510 2008.08 2011.01 35,890-101,016,614 2007.12 2008.12 13,706 55,966,528-2005.01 2008.11 66,448 608,751,475-91,133,150 79,142,656 5,529,578,361 18,247,429,012 82

2008 12 31 12. - (1) - 2009.11 2015.08 361,338 1,256,600,000 1,284,527,080 2009.12 2012.12 170,818 1,010,191,231 1,022,094,091 2009.04 2012.06 203,935-934,910,249 2009.08 2012.03 143,759-438,047,925 2009.08 2012.04 76,649-311,251,663 B 2009.05 2012.07 135,332 255,771,122 270,483,988 2009.12 2012.04 114,841 147,464,045 191,832,850( 1) 2009.03 2010.03 29,360-145,544,282 365 2009.04 2012.10 42,534-85,609,693 2008.08 2013.03 282,598 1,520,896,368-2008.04 2014.03 462,932 1,259,858,920-2008.04 2012.06 324,049 1,008,616,615-2008.05 2011.08 195,073 809,517,626-2008.02 2015.07 482,973 780,577,841-2008.07 2011.11 132,539 570,845,634-2008.03 2009.12 155,498 523,319,068-2008.03 2010.03 84,502 366,785,374-2008.01 2010.12 100,524 302,144,364 - A 2008.04 2011.02 72,484 161,400,809-2008.07 2011.11 63,701 193,617,509-2008.03 2009.12 28,557 132,489,922-2007.12 2009.03 40,573 125,258,519-2008.08 2011.01 35,890 42,278,462-10,467,633,429 4,684,301,821 296,210,000-182,370,000-113,840,000 15,997,211,790 22,635,520,833( 2) 1 2006 1 11 24 2008 12 31 2 2008 12 31 365 817,268 83

2008 12 31 12. - (2) 2007.06 627,743,060 188,262,604 172,580,466 643,425,198 36 2008.11-323,162,846 129,852,297 193,310,549 2008.12-137,060,979-137,060,979 2008.06-256,266,558 191,056,253 65,210,305 2007.12 144,804,688 23,494,510 121,609,793 46,689,405 1872 2008.12-302,287,747 257,813,843 44,473,904 2008.06 37,455,521 96,969,484 94,548,904 39,876,101 2007.12 54,877,256 2,814,595 37,041,094 20,650,757 2006.06 11,855,101 - - 11,855,101 2007.12 10,075,953-2,461,836 7,614,117 2007.06 5,295,477 - - 5,295,477 2006.10 4,516,472-1,129,214 3,387,258 2004.12 1,439,657 - - 1,439,657 2007.12 258,951,663-258,951,663-2006.08 910,885 294,512 1,205,397-7,105,626 2,081,507 1,611,499 7,575,634 1,165,031,359 1,332,695,342 1,269,862,259 1,227,864,442 2008 12 31 679,850,396 (2007 347,936,386 ) 795,241,730 115,391,334 (3) - 296,210,000( ) - - 296,210,000 162,982 - - - 162,982 162,982 296,210,000 - - 296,372,982 296,210,000 84

2008 12 31 13. ( ) 88,259,891 6,596,589 86,302,838-36,987,535-8,968,112-7,078,366 3,012,055 227,596,742 9,608,644 14. 1,743,773 3,887,829 15. ( 1) 838,808,511 - ( 2) 133,151,523-971,960,034-1 2008 11 () 900,000,000 85

2008 12 31-2008 12 17 838,808,511 1 6 8 51 100,189 2 2008 12 Heighten Holdings LimitedElite Trade Investments Limited155,668,3386 9 ADF Phoenix IV Limited 22,516,815 16. (1) 50,000,000 230,568,095-107,279,642 - - 337,847,737 200,000,000 200,000,000 - - - - 200,000,000 490,000 890,261-320,789 - - 1,211,050 98,000,000 94,369,571 - (3,945,297) - - 90,424,274 4,996,675 5,635,361-462,512 354,640-5,743,233 6,750,000 19,265,977-73,546,354 12,515,976 80,296,355 2,500,000 2,629,851-146,743 - - 2,776,594 24,220,904 13,831,308 - (699,902) - - 13,131,406 TCL ( 1) 40,000,000-40,000,000 (298,380) - - 39,701,620 100,000 100,000 - - - - 100,000 ( 2) 100,000 100,000 - - - - 100,000 ( 3) 1,000,000 1,000,000 - - - 1,000,000-428,157,579 568,390,424 40,000,000 176,812,461 12,870,616 1,000,000 771,332,269 100,000 100,000 568,290,424 771,232,269 ( 2) 100,000 - - 100,000 86

2008 12 31 16. - (1) - 1 2007 12 29 TCL TCL 40% 40,000,000 2008 12 31 2 2001 3 6 3 87

2008 12 31 16. - (2) % % 100,000,000 50 50 4,556,368,362 3,880,672,887 710,762,603 206,329,754 ( ) 150,000,000 70 50 479,277,780 16,168,371 - - 5,000,000 50 50 7,030,596 1,692,717 5,373,208 293,486 1,000,000 49 49 4,193,439 1,729,880 8,837,219 654,671 200,000,000 49 49 202,060,646 17,521,312 1,800,000 (8,051,627) 6,000,000 45 45 14,752,692 1,989,951 8,855,632 1,022,151 15,000,000 45 45 509,653,152 331,216,807 605,329,893 161,767,295 50,000,000 24 24 920,551,815 881,239,621 - (2,784,090) TCL 200,000,000 40 40 106,253,825 13,045,443 - (745,949) 70% (3) 2008 12 31 88

2008 12 31 17. 2,000,572,059 940,122,846 2,940,694,905 849,893-849,893 309,942,638 105,852,033 415,794,671 65,533,522 2,583,602 68,117,124 2,245,831,068 1,043,391,277 3,289,222,345 517,111,735 45,907,033 563,018,768 97,263,604 18,767,792 116,031,396 1,548,818 7,988,752 9,537,570 31,579,802 761,357 32,341,159 584,344,355 71,902,220 656,246,575 - - - 1,483,460,324 894,215,813 2,377,676,137 1,661,486,713 971,489,057 2,632,975,770 2008 12 31 2008 12 31 313,624,063 89

2008 12 31 18. 203,225,138 342,354,720 46,022,024 51,841,848 643,443,730 29,449,291 1,954,557 9,335,090 8,176,501 48,915,439 799,837 15,444,807-693,300 16,937,944-6,592,240 3,760,790 2,213,716 12,566,746 35,143,623 - - - 35,143,623 198,330,643 353,161,844 51,596,324 58,497,933 661,586,744 79,067,177 219,450,319 24,130,689 31,643,400 354,291,585 7,832,120 11,929,660 5,598,260 6,855,842 32,215,882-4,909,956 1,190,093 1,845,778 7,945,827 1,548,818 - - - 1,548,818 85,350,479 226,470,023 28,538,856 36,653,464 377,012,822 - - - - - 124,157,961 122,904,401 21,891,335 20,198,448 289,152,145 112,980,164 126,691,821 23,057,468 21,844,469 284,573,922 2008 12 31 48,429,059 19. % 23,668,881 15,140,213 6,008,551-32,800,543 220,360,000 18 12,126,102 3,503,102 10,929,393 761,915 3,937,896 22,168,616 71 2,316,011 560,532 - - 2,876,543 2,876,543 100 93,283,124 97,536,299-190,819,423-190,819,423 100 131,394,118 116,740,146 16,937,944 191,581,338 39,614,982 - - 131,394,118 39,614,982 90

2008 12 31 20. 59,673,607 213,300 59,886,907-9,280 9,280 59,673,607-59,673,607-222,580 222,580 7,338,820 84,161 7,422,981 649,932 44,207 694,139 7,988,752-7,988,752-128,368 128,368 52,334,787 129,139 52,463,926-94,212 94,212 21. 183,911,501 5,112,593 6,957,351 295,926 349,732 571,632 5,320,710 2,120,793 196,539,294 8,100,944 91

2008 12 31 22. 3,323,070 427,869 996,921 85,377 2,098,174 630,143 660,094 126,029 162,982 162,982 29,337 32,596 100,000 100,000 18,000 20,000 191,416 298,286 34,455 53,692 823,128 1,501,667 271,632 388,566 20,571,323 154,825,620 6,788,537 38,519,585 1,211,060 8,251,911 217,991 1,650,382 28,481,153 166,198,478 9,016,967 40,876,227 29,535,706 4,190,278 146,708,850 87,387,708 176,244,556 91,577,986 2013 23. 5,421,244 111,584,093 139,458 258,160 (1,398,980) 115,208,739-3,323,070 1,970,863 130,336 - - 5,163,597-2,098,174 109,613,230 9,122 258,160 (1,398,980) 110,045,142 162,982 296,210,000 - - - 296,372,982 100,000 - - - - 100,000 5,684,226 407,794,093 139,458 258,160 (1,398,980) 411,681,721 92

2008 12 31 24. 2,802,290,730 3,876,295,661 811,665,548( ) 1,795,236,833 3,613,956,278 5,671,532,494 400,000,000 ING Bank N.V., Shanghai Branch 30,000,000 205,038,000 24,380,000 166,627,548 40,000,000 25. 143,287,841( ) 97,215,654 58,169,050 2009 93

2008 12 31 26. (1) 5%( 5%) ( ) 77,056,300-5,338,724 5,338,724 82,395,024 5,338,724 29,259,600 47,796,700 (2) 1,525,608 1-2 5% - 1,955,258 1-2 5% - 40,000,000 3-4 - 27. (1) % % 1 2,699,705,236 99 170,341,970 93 1 2 29,679,420 1 11,334,473 6 2 3 2,088,037-1,377,389 1 2,731,472,693 100 183,053,832 100 94

2008 12 31 27. - (2) % - 579,276,285 58 2009-498,516,765 95 2009-318,564,899 100-290,116,266 100 2009 1872-285,731,279 52 2010 20,440,687 211,845,301 85 2009-107,936,970 69 2010-89,504,312 73 2009 ( ) - 79,199,033 18 2009-70,627,103 24 2009 29,927,317 64,608,350 48 2009 47,889,837 47,100,566 35 1,182,319 30,601,109 40 2009 17,298,367 3,253,942 88 2,903,977 1,328,672 100 2,731,255 648,821 100 1,796,069 345,996 100 15,997,135-100 2,687,974-100 1 2,262,732-100 28,704,515 15,126,040 173,822,184 2,694,331,709 (3) 5%( 5%) 28. 119,411,686 389,282,227 409,278,343 99,318,894 1,009,976 31,146,005 31,343,840 932,921 1,934,547 49,717,614 45,920,640 5,707,212 275,771 6,555,169 6,746,897 84,043 13,357,210 14,505,231 12,495,526 15,366,917-856,910 856,910-230,595 8,714,704 8,455,441 490,061 136,219,785 500,777,860 515,097,597 121,900,048 95

2008 12 31 29. 109,859,036 145,712,372 55,480,137 49,706,755 ( ) 43,687,588 35,355,661 36,600,000 71,908,728 12,072,972 5,893,186 3,323,067 1,520,498 1,345,840 923,225 341,748 206,225 57,065 42,523 7,778,160 5,921,077 270,545,613 317,190,250 13 30. 13,616,242 11,135,761 27,434,963 19,550,000 41,051,205 30,685,761 31. 8,493,185( ) - 285,600 285,600-20,913,265-1,482,316-143,997-80,391 8,778,785 22,905,569 2008 12 202008 12 31 96

2008 12 31 32. (1) 5%( 5%) - 4,852,099 (2) 751,219,269 2 - () () 479,300,681 1-2 - 33. 1,810,000,000 300,000,000 99,402-1,810,099,402( ) 300,000,000 35 39 97

2008 12 31 34. ( ) 439,334,198 370,122,155 5,853,294 7,237,384 3,000,000 2,086,099 2,216,370 3,964,082 1,639,910 1,829,940 1,385,217 1,059,919 753,973 2,826,490-23,231,401 4,889,436 3,250,968 459,072,398 415,608,438 [2006]187 35. - 3,950,000,000 1.00 3,950,000,000 1,680,000,000 1.00 1,680,000,000 ( 1) - 2,590,000,000 1.00 2,590,000,000 1,900,000,000 1.00 1,900,000,000-177,000,000 6.83 1,209,761,935 50,000,000 7.30 365,235,019-130,000,000 0.88 114,647,000 - - - ( 2) 752,906,972 1.00 752,906,972 - - - 8,617,315,907 3,945,235,019 1,810,000,000 1.00 1,810,000,000 300,000,000 1.00 300,000,000 450,000,000 1.00 450,000,000 300,000,000 1.00 300,000,000 1,360,000,000 1.00 1,360,000,000 - - - 6,807,315,907 3,645,235,019 4.60% 7.56% 1 100,000,000 110,000,000 650,000,000 1,000,000,000 590,000,000 98

2008 12 31 35. - 40,000,000 100,000,000 80,000,000 ING Bank N.V., Hong Kong Branch 50,000,000 () () 47,000,000 130,000,000 () 2 2008 12 152,906,972 3 300,000,000 2 300,000,000 2 36. 33,285,411 28,790,682 - - 33,285,411 28,790,682 99

2008 12 31 37. ( 1) - 82,214,387-82,214,387 ( 2) - 7,450,000-7,450,000 ( 3) 1,211,060-409,149 801,911 1,211,060 89,664,387 409,149 90,466,298 - - - - 1,211,060 89,664,387 409,149 90,466,298 1 2 2008 14,837,342 50% 7,450,000 3 2005 2008 12,900 396,249 38. 3,194,784 171,498 547,380 34,300 100

2008 12 31 39. 3,650,020 4,316,680 2,837,387 860,640 1,500,000-96,300-8,083,707 5,177,320 99,402-7,984,305 5,177,320 40. 2008 ( ) ( ) ( ) ( ) ( ) ( ) 1. 301,299,211 150,649,606 279,349,288-731,298,105 2. 149,494 74,747 73,174 (45,851) 251,564 3. 128,587,201 64,293,601-5,051,063 197,931,865 128,439,676 64,219,838-5,050,126 197,709,640 147,525 73,763-937 222,225 430,035,906 215,017,954 279,422,462 5,005,212 929,481,534 1. 317,189,437 158,594,718 170,577,538 45,851 646,407,544 2. 97,641,659 48,820,829 - (5,051,063) 141,411,425 414,831,096 207,415,547 170,577,538 (5,005,212) 787,818,969 844,867,002 422,433,501( 1) 450,000,000( 2) - 1,717,300,503 1 1 2007 2007 12 31 844,867,002 10 3 253,460,101 10 2 168,973,400 (2008) 040 101

2008 12 31 40. - 2 2007 [2008]989 2008 11 26 A 450,000,000 1 13.20 279,349,288 1,717,300,503 5,777,220,556 450,000,000 5,327,220,556 (2008) 124 2007 ( ) ( ) ( ) ( ) ( ) ( ) 1. 147,426,958 43,135,614 110,736,639-301,299,211 2. 173,942 5,851 - (30,299) 149,494 3. 128,591,576 - - (4,375) 128,587,201 128,439,676 - - - 128,439,676 151,900 - - (4,375) 147,525 276,192,476 43,141,465 110,736,639 (34,674) 430,035,906 1. 244,992,912 72,166,226-30,299 317,189,437 2. 97,637,284 - - 4,375 97,641,659 342,630,196 72,166,226-34,674 414,831,096 618,822,672 115,307,691( 3) 110,736,639( 4) - 844,867,002 1 3[2006]67 2006 8 30 1,510 100 5 1 1.0% 2 1.4% 3 1.8% 4 2.2% 5 2.6% 6 () ( 2007 3 1 2011 8 30 ) 102

2008 12 31 40. - 2007-2006 9 11 2007 3 1 A 2007 5 25 15,093,841 ( 1,509,384,100 ) 13.09 115,307,691 1,394,072,217 6,159 ( 615,900 ) (2007) 053 4 2006 ( [2007]299 ) ( [2007]156 ) 110,736,639 1.00 20.77 2,292,166,500 110,736,639 2,181,429,861 (2007) 055 103

2008 12 31 41. 2008 3,295,677,809 5,327,220,556 189,873,821 8,433,024,544 3,557,191,993 5,327,220,556( 1) - 8,884,412,549 1,394,072,217 - - 1,394,072,217 (1,354,694,800) - - (1,354,694,800) (300,891,601) - 20,900,421( 2) (321,792,022) - 168,973,400 ( 3) (168,973,400) 118,180,186-2,659,946 115,520,240 12,421,761-1,028,971 11,392,790 1,346,667-1,630,975 (284,308) 104,411,758 - - 104,411,758 3,413,857,995 5,327,220,556 192,533,767 8,548,544,784 1 2008 40 2 2 45% 6 1 3 40 1 104

2008 12 31 41. - 2007 21,067,332 3,576,128,294 301,517,817 3,295,677,809 1,375,762,132 2,181,429,861( 4) - 3,557,191,993-1,394,072,217( 5) - 1,394,072,217 (1,354,694,800)( 6) 626,216( 7) - (1,354,068,584) - - 301,517,817( 8) (300,517,817) 205,610,700 1,028,970 88,459,484 118,180,186 76,764,820-76,764,820-11,392,791 1,028,970-12,421,761 13,041,331-11,694,664 1,346,667 104,411,758 - - 104,411,758 226,678,032 3,577,157,264 389,977,301 3,413,857,995 4 2007 40 4 5 40 3 6 2007 7 2007 626,216 8 2007 5% 301,517,817 105

2008 12 31 42. 2008 471,924,069 140,120,038 612,044,107 58,182,397-58,182,397 - - - 530,106,466 140,120,038 670,226,504 2007 356,136,305 140,120,038 496,256,343 115,787,764-115,787,764 - - - 471,924,069 140,120,038 612,044,107 43. 2008 2007 3,026,575,655 2,139,191,449 1,227,615,829 1,157,877,638 ( 1) 58,182,397 115,787,764 4,196,009,087 3,181,281,323 - ( 2) 84,486,700 154,705,668 - ( 2) 253,460,101-3,858,062,286 3,026,575,655 ( 3) 171,730,050 84,486,700 106

2008 12 31 43. - 1 10% 2 2008 2 2007 2007 12 31 844,867,002 10 1 () 84,486,700 10 3 253,460,101 3 2009 3 27 2008 2008 12 31 1,717,300,503 10 1 171,730,050 4 2008 12 31 327,355,398 (2007 12 31 315,409,077 ) 44. 469,268,062 477,968,253 427,625,726 332,285,294 231,712,648 234,526,526 () 99,912,892-76,078,951 39,789,614 71,887,922 55,104,448 35,982,232 33,917,171 19,289,542 19,953,774 11,136,311 8,661,828 8,226,530 8,230,533 628,070 652,349 () - 13,137,740 (54,415,380) 17,081 19,427,133 17,579,662 1,416,760,639 1,241,824,273 107

2008 12 31 45. 3,568,843,651 4,099,630,381 2,515,297,197 3,127,608,626 752,896,356 727,909,311 300,650,098 244,112,444 4,340,549 12,014,287 3,573,184,200 4,111,644,668 273,597,607 ( 259,320,513 ) 7.66%(6.31%) 46. 2,097,425,056 2,168,237,471 1,306,287,950 1,425,622,833 532,943,868 556,232,751 258,193,238 186,381,887 348,057 10,913,479 2,097,773,113 2,179,150,950 47. 140,494,261 170,868,736 114,034,707 332,459,873 4,881,497 5,681,485 4,280,540 3,288,014 1,289,112 546,972 264,980,117 512,845,080 108

2008 12 31 48. 876,231,262 444,183,293 795,241,730 416,632,345 45,967,009 19,993,129 (127,313,841) (71,745,003) (115,391,334) (68,695,959) 7,813,627 6,095,855 30,913,643 10,604,630 49. 111,444,635 (4,678,993) 296,210,000-407,654,635 (4,678,993) 50. ( ) 145,469,305 - - (50,589,723) 145,469,305 (50,589,723) 8 109

2008 12 31 51. 858,738,316 146,444,462 176,812,461 143,786,639 681,925,855( ) 2,657,823 (55,923,027) 1,983,691-52,636,382 802,815,289 201,064,535 2008 Elite Trade Investments Limited () 6 8 9 10 52. ( ) 21,454,931 31,670,118 396,249 4,810,848 263,020 67,299,259-8,638,881 555,632 220,000 1,503,535 17,333,260 24,173,367 129,972,366 55 110

2008 12 31 53. 7,450,000-2,398,000-2,111,390 1,527,513 557,066 1,215,698 12,516,456 2,743,211 54. 241,724,126 264,839,479 (31,859,260) (5,530,145) 209,864,866 259,309,334 1,301,864,971 1,454,440,222 18%( 15%-25%) 234,335,695 425,660,575 35,072,783 - (148,368,640) (160,821,096) 84,666,570 (5,530,145) / (388,283) - 4,546,741-209,864,866 259,309,334 111

2008 12 31 55. ( 1) 19,891,869 26,796,882-2,139,468 ( 2) 1,180,460 2,733,768 ( 3) 283,200-21,355,529 31,670,118 ( 4) 2,936,789 2,936,789 2,936,789 2,936,789 21,454,931 31,670,118 2,837,387 2,936,789 1[2008]6 2008 1 1 2008 12 31 5.6 40% 2 3 4 DN1200 ( ) 112

2008 12 31 56. (1) 1,227,615,829 1,157,877,638 - - - - 1,227,615,829 1,157,877,638 (2) 1,267,300,503 928,234,008 37,500,000 146,642,525 1,304,800,503 1,074,876,533 (3) 1,304,800,503 1,074,876,533-67,869,084 1,304,800,503 1,142,745,617 113

2008 12 31 57. 1,092,000,105 1,195,130,888 () - 22,343,267 (74,411,140) - (1,563,062) (4,873,236) - (139,458) (4,835,235) - - (15,095,325) - 7,949,650 (21,142,964) - (1,548,930) 15,237,383 1,119,041,572 1,090,010,371 1,254,636,882 1,069,028,729 (135,595,310) 20,981,642 Elite Trade Investments Limited () 702,420,752 6 8 9 10 51 () () 145,469,305 55,923,027 8 50 51 58. 7,358,057,106 3,544,984,914 67,837 127,307 7,357,958,898 3,544,429,053 30,371 428,554 7,358,057,106 3,544,984,914 31,076,441 43,110,949 114

2008 12 31 59. (1) 1,092,000,105 1,195,130,888 407,654,635 (4,678,993) 32,215,882 47,064,415 116,725,535 86,800,296 13,505,728 3,496,991 () 1,848,370 (74,410,627) () (145,469,305) 50,589,723 81,361,471 10,604,630 () (802,815,289) (201,064,535) () (31,859,260) (5,530,145) () (6,318,329,982) (8,639,776,066) () (231,303,360) (280,864,944) () 1,766,715,417 3,810,046,785 (3,919,843,675) (4,002,591,582) (2) - 12,080,000-1,386,468,648 (3) 7,358,057,106 3,544,984,914 3,544,984,914 919,405,741 - - - - 3,813,072,192 2,625,579,173 115

2008 12 31 60. 578,643,021 947,782,767 115,116,320 320,489,499 117,299,353 450,498,500 43,390,638 6,133,373 33,477,228 31,364,586 887,926,560 1,756,268,725 75,176,475 123,313,094 102,743,738 110,771,981-126,045,502 141,705,051 76,214,765 17,076,652 21,223,684 336,701,916 457,569,026 61. 54,886,338 19,910,931 116

2008 12 31 62. 2008 (1) 6 (2) 2007 12 31 10,002,000 10,002,000 10,010,125 10,117,727 - - - - 10,002,000 10,002,000 10,010,125 10,117,727 2,000 2,000 121,635 117,727 - - - - 2,000 2,000 121,635 117,727 10,000,000 10,000,000 9,888,490 10,000,000 2,000,000 8,000,000 7,000,000 1,000,000 7,000,000 7,000,000 1,747,760 5,252,240 117

2008 12 31 62. - (3) - - - (8,262,365) - - (8,262,365) 63. ( 6) 2008 12 31 2008 (1) 2007 12 31 2008 1 1 2007 12 31 () 62,141,103 62,141,103 - - - - - - () 738 69,497,643 38,150,256 72,757,677-79,554,618 - - 903,905,055 619,081,390 35,775,965 45,892,772 901,439,099 521,879,917-68,120,521 118

2008 12 31 63. - (1) 2007 12 31 2008 1 1-2007 12 31 Elite Trade Investments Limited - 1,580 39,049,987-738 1,565 - - 2,939,870 3,524,246 157,139 368,257 1,804,641 2,263,342 230,753 461,505 ()( ) 2008 1 1 () - 1,359,380 37,292,983 37,292,983 (40,648,139) 74,147,033 (33,523,271) (852) (25,229) 119

2008 12 31 63. - (1) 2007 12 31 2008 1 1-2008 1 1 16,707,970 16,807,509 (5,636) (5,636) (77,283,851) (152,486,863) 271,503,099 (351) 41,732,034 Elite Trade Investments Limited - 752 (752) (752) 26 - - (96) (70) 1,436,146 1,433,889 - - (588,656) - 1,917,874-1,329,218 () 2007 2008 1 1 120