China Dredging Environment Protection Holdings Limited 2013

02 03 05 07 08 13 25 31 41 51 53

Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 1 168 200 36 19 Codan Trust Company (Cayman) Limited www.cdep.com.hk 02

38 03

571 04

973,615 966,027 1,137,303 374,883 346,549 259,817 294,886 415,730 135,669 1,971 (78,535) (80,494) (112,566) (40,639) (33,130) 181,282 4,392 303,164 95,030 88,841 164,757 199,495 303,164 95,030 88,841 16,525 14,897 181,282 4,392 303,164 95,030 88,841 2,026,550 1,577,510 830,877 376,573 71,901 1,384,822 1,019,689 734,028 292,960 314,134 (1,278,906) (955,466) (334,924) (233,327) (8,407) (402,315) (97,858) 1,730,151 1,543,875 1,229,981 436,206 167,628 05

167,445 167,445 576,915 415,270 13 14 8,186 245 752,559 582,974 9,922 4,960 1,792 2,365 172,056 37,768 2,538 7,325 531,0 575,649 67,200 67,200 463,8 508,449 531,0 575,649 431,811 165,238 (64,728) 532,3 (20,068) (20,068) (12,960) (12,960) 9,156 9,156 418,851 9,156 165,238 (84,796) 508,449 (49,622) (49,622) 4,994 4,994 418,851 14,150 165,238 (134,418) 463,8 06

1. 2. 3. 4. 07

08

1. (a) (b) 61,000,000 80,000,000

2. 2020 1,000,000 1,000,000 10,000,000 3. 4. 243,000,000 191,970,0003% 112010 2020 240,000 18 15.8 10

11

(i)(ii) (iii) (iv) 966,000,000 7,600,000 973,600,000 437,400,000325,200,000 18% 45.3%(i) (ii) 100,000,000 13

42,300,000 42.9%74,200,000 168,700,000 134,300,000 25.6% 51% 636,600,000 624,200,0002% 349,400,000 329,400,000 6% 36.3% 40.6% 31.5% 34.8% 3%29.2% 14

6,200,000 31,100,000 19,500,000 2,000,00013,200,000 47,500,000 38,700,000 22.8% 78,500,000 2,000,000 15

4,400,000 15.4%181,300,000 19,500,000 6.3% 0.25 16%0. 1,730,200,000 1,543,900,000 105,900,00064,200,000 1.08 1.07 16

365,700,000 106,400,000 259,300,000 243,000,000 191,970,000 (a) 163,000,000 128,770,000 (b) 40,000,000 31,600,000 (c) 40,000,000 31,600,000 40,000,00040,000,000 31,600,00070,000,000 55,300,000 93,000,000 73,470,000 980,900,000969,500,000 170,000,000 (i)95% (ii) 288,293,000251,798,000 36,495,000 17

5% 400,000 85% 85% 252,968,000 (i) 10,000,000 (ii) 70,000,000 (iii) 100,000,000 6 100,000,00050,000,000 (i) (ii) 18

1,681,200,0001,053,300,000 177,800,000 80,300,000209,800,000170,500,000 2.7043 17.9% 16.7%26.4% 53,500,000 85% 253,000,00085% 19

88,200,00024,000,00039,000,000 668 606 54,000,000 55,700,000 40 94,500,000 74,655,00035,000,000 3,000,000,000 20

973,615,000 349,428,000 6% 15.4% 19,511,000 6.3% 18%4.3% 45.3% 1 2

19,000,000 80,000,000 1,000,000 10,000,000 22

3,000,000,000 700,000,000 (i) (ii) 100,000,000(iii) 100,000,000 80,000,000 23

24

53 51 25

61 600266 67 26

63 64 41 474 8016 706747 27

49 62 3015 38 49 28

64 20 53 (Macquarie University) (International Compliance Association) 42 29

38 8 44 36 30

31

3.13 32

33

14 3 20 20 20 20 20 19 20 4 4 19 20 20 20 20 20 34

35

B.1.5 1,000,000 9 1 1 # 1 1 1 1 1 1 # # 36

(A) 40% (B) 65% (C) 30% (D) 75% (E) 50% # 1 1 1 1 1 1 # 37

C.3.3 # 1 1 2 2 2 2 # 2 2 # 38

593,0002,000 2,370,000 39

A.6.7 64 2 info@cdep.com.hk 40

38 14 23 41

6 71% 68.9% 24% 33.7% 92,700,000 17 42

53% 46.9% 17% 22.8% 5% 109 105(A) 43

3.13 44

14A.33 (i) (ii) (iii) 38 14A.42(3) 14A 14A (i) (ii) (iii) (i) (ii) (iii) 45

14A.38 3000 740 a. b. c. 33 14A 26 46

* 42,000,000 42,000,000 12,000,000 12,000,000 a b 2.04 2.192 2.04 2.192 12,000,000 12,000,000 c 1.85 1.920 7,600,000 7,600,000 (d) 2.13 2.176 66,000,000 7,600,000 73,600,000 (a) (b) (c) (d) 3.50 * 1 73,600,000 47

XVXV7 8 352 1 325,100,000 40.64% 1 10,653,000 1.33% 2 335,753,000 41.97% 1. 325,100,000 10,653,000 2. 48

1 200 100% 1 100% 39,315,800 2 200 100% 2 100% 39,315,800 1. 98.47% 1.53% 1.53% 2. XV XV7 8 352 49

336 XV2 3 50

53 126 51

52

6 973,615 966,027 (624,187) (636,613) 349,428 329,414 7 31,147 37,384 25 (19,511) (13,232) (15,230) (47,513) (38,707) 8 (40,502) (17,975) 259,817 294,886 9 (78,535) (80,494) 10 181,282 4,392 164,757 199,495 16,525 14,897 181,282 4,392 12 0. 0.25 0. 0.25 53

14 1,693,267 1,375,046 15 90,599 92,800 2,956 201 28 2,560 16 17,147 551 17 9,470 109,463 2,026,550 1,577,510 15 2,410 2,410 17 1,016,708 910,867 18 53,5 76,017 18 312,183 30,395 1,384,822 1,019,689 19 524,638 382,925 20 1,792 7,732 4,952 109,931 97,573 22 631,349 434,000 22 6,244 33,236 1,278,906 955,466 105,916 64,223 2,132,466 1,641,733 54

23 67,200 67,200 1,528,223 1,389,148 1,595,423 1,456,348 134,728 87,527 1,730,151 1,543,875 90,708 76,002 24 20,063,856 22 60,717 22,003 25 172,056 25 37,768 402,315 97,858 2,132,466 1,641,733 53 126 55

i ii 67,200 431,811 13,549 204,554 512,867 1,229,981 1,229,981 199,495 199,495 14,897 4,392 13 (12,960) (12,960) (12,960) 26 9,156 9,156 9,156 27(b)(iii) 30,676 30,676 72,630 103,306 67,200 418,851 9,156 13,549 235,230 712,362 1,456,348 87,527 1,543,875 164,757 164,757 16,525 181,282 26 4,994 4,994 4,994 (30,676) (30,676) 30,676 67,200 418,851 14,150 13,549 204,554 877,119 1,595,423 134,728 1,730,151 (i) 50% (ii) 3839,316,000 56

259,817 294,886 80,202 56,209 19,511 2,410 1,205 35 (46) 4,994 9,156 40,502 17,975 (13,902) (19,586) 393,569 359,799 (300,030) (160,748) (114,645) 99,596 (,106) 298,647 (67,970) (95,514) (89,076) 203,133 (68,316) (384,382) 27 (85,426) (17,092) (551) (400) (209) (89,415) 80,000 22,496 (73,017) 1,906 2,805 65 (50,500) (561,036) 57

750,770 434,000 351,520 191,970 28,225 334,391 16,4 1,158 14,269 871 (492,704) (82,995) (351,520) (34,165) (393,980) (34,058) (17,975) (11,170) (7,987) (12,960) 4,364 262,510 281,788 (95,393) 30,395 125,788 312,183 30,395 58

1. Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands 168 200 36 19 38 2. 631,300,000 647,600,000 312,200,000 (i) (ii) (iii) 166,000,000 59

3. 7 10 11 12 10 11 12 13 19 27 28 1 20 10 10 27 12 10 a bc 1050% 10 10 10 38(ii) 10 10 60

3. 12 12 1238 1 11 1 9 1 9 9 7 1 10 2 12 27 3 4 19 4 32 2 36 2 39 2 2 1 2 3 4 9 61

3. 9 99 939 9 9 4. 2 17 62

4. 63

4. (i) (ii) (iii) 39 12 19 2 5 64

4. 3937 65

4. ) 66

4. (a) (b) 67

4. (c) 68

4. 69

4. 70

4. (a)(b) (c) 71

4. 72

4. 73

4. 5. 4 74

5. () 50% 3838 38 38 75

5. 25 37,768,00025 35(c) 76

6. (i) (ii) (iii) (iv) 77

6. 437,403 325,228 42,316 168,668 973,615 177,688 113,115 3,591 49,186 343,580 17,864 (19,511) (47,928) (34,188) 259,817 46,358 11,891 4,634 17,319 80,202 78

6. 533,715 223,827 74,167 134,318 966,027 193,673 70,503 7,642 43,065 314,883 35,386 (41,637) (13,746) 294,886 33,410 4,750 2,185 15,864 56,209 4 79

6. 1,551,942 501,307 198,046 483,318 2,734,613 93,009 53,5 17,147 172,968 16 18,578 312,183 9,353 3,411,372 1,513,250 402,654 16,857 458,754 2,391,515 95,0 76,017 30,395 4,062 2,597,199 80

6. 10% A 235,346 325,205 B 151,812 C 124,798 D 116,896 E 141,252 CD10% 81

7. 16,041 17,105 1,906 2,805 11,996 16,781 46 1,204 647 31,147 37,384 16,041,00017,105,000 8. 33,563 16,597 495 647 1,327 731 1,015 25 4,102 40,502 17,975 82

9. 80,328 82,314 24 (1,793) (1,820) 78,535 80,494 259,817 294,886 25% 25% 64,954 73,722 13,581 6,772 78,535 80,494 (i) 25% (ii) 16.5% 83

10. 2,370 1,738 80,202 56,209 2,410 1,205 2,307 164 11 4,401 6,595 26 4,994 9,156 41,922 37,856 2,636 2,070 53,953 55,677 35 (46) 568,954 330,178 84

11. 2,726 2,726 1,152 1,152 3,878 3,878 146 146 148 148 148 148 81 81 523 523 4,401 4,401 85

11. 3,783 3,783 1,701 1,701 5,484 5,484 647 647 647 647 13 13 199 199 150 150 102 102 464 464 6,595 6,595 86

11. 1,379 720 47 19 3,248 1,426 3,987 1,000,000790,000 3 1,500,0011,185,001 2,000,0001,580,000 3 56,000 87

12. 164,757 199,495 800,000 800,000 403 173 800,403 800,173 13. 2 12,960 88

14. 4,2 244 712,499 25,795 418 5,224 257 748,658 27(b) 3,637 254,035 3,164 386 2,034 63,970 327,226 304,877 8,472 331 2,714 82,429 398,823 139,310 7,346 (146,656) (380) (380) 7,858 244 1,410,7 44,777 1,135 9,592 1,474,327 27(a) 295,399 203 295,602 7,939 32,786 408 264 61,459 102,856 6,528 2,906 (9,434) (1,014) (727) (26) (26) (1,793) 7,858 244 1,719,573 79,742 1,517 10,033 52,025 1,870,992 345 131 35,651 4,674 115 2,517 43,433 242 113 50,424 3,305 330 1,795 56,209 (361) (361) 587 244 86,075 7,979 445 3,951 99,281 352 72,776 5,256 160 1,658 80,202 (979) (727) (26) (26) (1,758) 939 244 157,872 12,508 579 5,583 177,725 6,919 1,561,701 67,234 938 4,450 52,025 1,693,267 7,271 1,324,646 36,798 690 5,641 1,375,046 89

14. 2 4% 20% 5% 6.7% 5% 20% 10% 33.3% 16.7% 20% 1,561,701,00031 269,630,000 15. 2,410 2,410 90,599 92,800 93,009 95,0 16. 95%111,271,000 90

16. 95% 288,293,000251,798,000 36,495,000 5% 400,000 ) 85% 85% 252,968,000 (i) 10,000,000 (ii) 70,000,000 (iii) 100,000,000 6% 100,000,00050,000,000 (i) (ii) 297,610,000 111,271,000 15% 17,147,000 91

16. 17. (i) (ii) 117,971 109,463 (iv) 9,953 16 18,578 16 72,968 9,470 109,463 (i) (ii) 862,888 860,041 (iii) 4,150 16,650 7 16,041 17,105 22,307 13,131 (iv) 5,450 16 100,000 5,872 3,940 1,016,708 910,867 1,236,178 1,020,330 92

17. (i) 55% 85%15% 45% 0 30 193,977 178,617 31 60 60,129 74,380 61 90 63,472 64,669 91 180 2,265 109,332 180 442,016 542,506 980,859 969,504 57,331,00036,055,000 93

17. (i) 0 30 1,614 69,812 31 60 60,129 61,185 61 90 63,472 20,832 91 180 185,239 36,071 180 310,983 325,254 6,437 513,154 179,031,000 (ii) 1011,996,00016,781,000 (iii) 0 30 400 5,000 31 60 750 800 61 90 3,000 5,200 91 180 5,650 4,150 16,650 94

17. (iv) 15,403,000 5,450,0009,953,000 18. 0.01% 2.86% 0.01% 3.08% 2.8% 2.80% 3.20% 18,508 16 1,273 569 95

19. 162,505 145,891 31,227 30,589 14,338 16,862 1,350,150 209,420 4,492 38,501 84,000 170,540 66,502 52,038 15,389 19,379 6,431 3,493 5,759 12,096 9,523 276,717 84,433 524,638 382,925 0 30 122,391 158,787 31 60 10,190 13,930 61 90 16,3 9,056 91 180 11,082 4,806 180 49,544 27,913 209,420 4,492 96

20. 1,635,000 1,050,000157,0006,682,000. 27(b)16,059,000 17,711,0001,367,000 7.50% 90,708,000 76,002,000 97

22. 631,349 434,000 19,579 41,138 692,066 434,000 (631,349) (434,000) 60,717 6,244 33,236,003 27,247 33,236 98,038,000112,632,000 1.50% 2.20% 3.62% 7.80% 6.00% 8.53% 85,000,000166.4% 98

22. (i) (ii) (iii) (iv) 15,000,000 1 38 525,500,00030,620,000 427,000,0007,000,000 31 33(ii) 16,250,00010,006,000 6.25% 7.50% 6.32% 7.50%,003,000 23. 0.10 10,000,000 1,000,000 800,000 80,000 67,200 99

24. 27(b) 23,676 9 (1,820),856 9 (1,793) 20,063 237,377,000248,027,000 25. CITIC Capital China Access Fund LimitedCITIC 243,000,000 191,970,0003% 2.7 133.792% 16.9% 100

25. 173,713 18,257 191,970 8 4,102 4,102 19,511 19,511 177,815 37,768 5,583 (5,759) 172,056 37,768 1.94 2.49 2.70 2.70 3 2.854 0.4330% 0.6336% 35.588% 37.433% 0.00% 0.00% 26. 101

26. (i) (ii) 30% 10% 1% ) 1(i) (ii) (iii) iv i 2.192 42,000,000 42,000,000 42,000,000 ii 2.192 12,000,000 12,000,000 12,000,000 ii 1.920 26,000,000 (14,000,000 ) 12,000,000 12,000,000 iii 2.176 (iii) 7,600,000 7,600,000 80,000,000 (14,000,000) 66,000,000 7,600,000 73,600,000 42,000,000 66,000,000 2.10 1.92 2.14 2.176 2.146 102

26. (i) (ii) (iii) (iv) 7,600,0000.10 3.50 14,000,000 2,466,0001,948,00018,729,00015,171,000 4,994,0009,156,000 2.13 2.04 2.04 1.85 2.18 2.19 2.19 1.92 45.296% 39.420% 39.420% 39.282% 1.9562 1.9452 1.9452 1.9781 0.3538% 0.223% 0.223% 0.239% 0.00% 2.00% 2.00% 2.00% 0.4989 0.1782 0.1794 0.3497 103

27. (a) 85,800,000 100% 85,800 295,602 2,560 592 374 (6,083) 83,045 2,755 85,800 (374) 85,426 11,000 995,000,000 179,000,000 104

27. (a) (b) 51% (i) 55%51% (i) 9,789 17,711 80,224 107,724 105

27. (b) 14 327,226 (ii) 28,835 3,000 (7,303) 672 (40,656) 24 (23,676) (57,420) (10,000) (32,078) (57,995) 130,605 80,224 0,829 (iii) (103,306) 107,523 (iv) 201 9,789 7,303 17,092 106

27. (b) (i) 51%(i)27,500,000 11%(ii)84,5,000 40% 80,224,000 11,441,0009,789,000 16,059,00017,711,000 56,402,000 9,150,000 12%17,983,00023,203,000 (ii) 33,778,00028,835,000 (iii) 23,822,000 103,306,00030,676,000 (iv) (v) 55% 40,000,000 42,000,00045,000,000 107

27. (b) (v) (vi) 33,103,000 134,318,000 1,008,253,000 233,158,000 28. 27(a) 2,560 2,560 225,000,000 108

29. (i) 1,320 3,515 2,080 1,169 420 340 3,820 5,024 (ii) (a) 1,320 1,320 1,320 1,320 2,640 109

29. (ii) (b) 1,827 1,231 463 1,128 61 122 2,351 2,481 12,845,00015,228,000 73%33% 1,512 7,892 1,512 1,512 9,404 110

30. 88,186 24,000 39,000 80%50% 31. 876,275 758,579 93,009 95,0 260,932 53,5 76,017 1,283,737 929,806 260,932,00090,296,000 80,296,000 269,630,000 22 111

31. 36 32. 33. (i) 40,000 91,000 7,000,000 157,0006,682,000 (ii) (a) (b) (c) 267,251,000 0,670,000 20,000,000 (iii) 20 (iv) 11 112

34. 20 22 25 35. (a) 1,564,837 1,113,391 1,461,244 854,498 113

35. (b) (i) 18,508 16 1,440 569 420,494 5% 5%5% 5% 5% 5% 114

35. (b) (i) 694 1 (15,715) (ii) (iii) 30% 60,000,000,000,000 115

35. (b) % % 18 34 74 90 2 116

35. (b) % 209,420 209,420 209,420 5,571 32,930 38,501 38,501 180,975 180,975 180,975 1,792 1,792 1,792 4,952 90,708 95,660 95,660 5.43 3,357 434,326 24,254 42,446 714,383 692,066 10,997 10,997 10,997 6.28 6,539 10,632 17,171 16,250 16.914 5,759 5,759 262,600 274,118 177,815 616,067 479,554 142,350 305,046 1,543,017 1,423,476 37,768 37,768 37,768 4,492 4,492 4,492 72,000 12,000 84,000 84,000 5,036 5,036 5,036 7,732 7,732 7,732 74,635 74,635 74,635 7.50 1,470 1,470 1,367 7.05 5,043 447,611 452,654 434,000 23,230 23,230 23,230 6.85 10,692 10,692 10,006 117 414,330 459,611 873,941 854,498

35. (c) 37,768,000 10%28,000,0005,000,000 18,257 19,511 37,768 19,511,000 29,768,000 118

36. 3,050 (3,050) 119

37. 12,360,000 288,293,000 16 150,000 96,415,000 7,000,000 38. 51% 51% 72,754,776 100% 51,800,000 50,000,000 100% ii ii 39,315,800 ii 120

38. ii 40,000,000 100% 100% 100% 100% 174,782,386 100,000 100% 100% (i) (ii) 50% 1

38. (ii) (a) (b) (c) (d) (ii) (e) (f) (g) (h) (i)(ii) 122

38. (ii) 22,276,000 123

38. (ii) (i)101 (ii)150%(iii)350% 440,296,000 380,000,000 166,000,000 241,000,000 124

38. 39. 3851% 49% 49% 16,525 14,897 134,728 87,527 165,627 102,908 356,384 388,533 (108,957) (149,450) (131,774) (97,857) 146,552 125,931 134,728 118,203 125

39. 168,668 134,318 (131,279) (101,5) 37,389 33,103 20,864 18,207 16,525 14,896 37,389 33,103 (7,657) 30,404 (13,201) 3,853 19,701 (23,757) (1,157) 10,500 40. 35,000,000 2.70 35,000,000 94,500,000 74,655,000 126

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