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LIANYUNGANG IDEAL GROUP CO LTD 2005 ANNUAL REPORT

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2 3 4 5 6 8 10 11 11 17 17 20 51 3

LIANYUNGANG IDEAL GROUP CO. LTD IDEAL GROUP 6 0518-5153595 0518-5150105 ruyidongmi@idealgroup.com.cn 6 6 222006 http://www.idealgroup.com.cn idealgroup@idealgroup.com.cn http://www.cninfo.com.cn 000626 1994 6 27 3200001103275 32070413898927X 32070513898927X 18 18F 4

103,538,960.14 6,583,064.66 18,437,503.85 484,111,048.23 7,559,561.81 105,856,734.72 512,369.63 16,590,000.00-19,420,144.21 42,319,667.51-201,421,062.65 2,436,860.42-3,590,958.11 NDF 2,316,056.43 708,599.18 16,790,000.00 3,293,323.39-119,961.55-427,489.31-19,252,822.00-347,228.80 966,906.74 2,803,286.39-11,854,439.19 3 2005 12 31 2004 12 31 2003 12 31 10089861363.64 8662126026.80 8662126026.80 6644487294.08 6644487294.08 6583064.66 21451259.32 24597914.47 33333360.90 36817708.06 1791731677.78 1954965439.41 1954965439.41 1750093856.78 1750093856.78 285103524.54 274728916.87 277875572.02 249497675.25 252982022.41 0.0325 0.1059 0.1215 0.16461 0.1818 0.0325 0.1059 0.1215 0.16461 0.1818 0.0910 0.0833 0.0988 0.10339 0.1206 1.4079 1.3567 1.3722 1.2321 1.2493 1.3889 1.3237 1.3392 1.1929 1.2101 0.2090 1.8930 1.8930 0.9860 0.9860 % 2.31 7.81 8.85 13.36 14.55 % 2.34 8.13 9.27 14.35 15.74 6.55 6.40 7.55 9.02 10.44 % 5

202500000.00 2496449.00 30789806.08 17291559.71 24797757.23 277875572.02 644887.86 6620801.56 3035773.97 6583064.66 16884528.05 9656575.53 9656575.53 202500000.00 3141336.86 37410607.64 20327333.68 21724246.36 285103524.54 1 113,521,500 61,965,000 51,556,500 38,353,500 + - 113,521,500 61,965,000 51,556,500 38,353,500 50,625,000 50,625,000 202,500,000 202,500,000 2 34425 6

1 7399 10 % 41.26 83,551,500 83,551,500 0 30.60 61,965,000 61,965,000 800,000 1.38 2,794,500 2,794,500 0 0.71 1,429,561 0 0 0.69 1,400,019 0 0 0.66 1,336,500 1,336,500 0 0.20 405,000 405,000 0 0.11 225,000 225,000 0 0.11 225,000 225,000 0 0.10 202,500 202,500 0 10 1,429,561 1,400,019 200,000 190,149 160,000 130,000 127,500 124,100 94,600 93,100 1 800,000 2 10 3 10 10 10 2 1 1993 10 27 1 50% 1160 7

2 90% 80% 50% 41 26% 3 10% 61,965,000 30.6% 1994 4 30 2200 52 2006 7 0 0 45 0 0 56 18,225 18,225 39 0 0 47 0 0 41 0 0 43 0 0 50 0 0 50 0 0 38 0 0 40 0 0 36 0 0 52 16,200 16,200 47 0 0 35 0 0 32 0 0 35 0 0 8

9 1 1998 1998 6 30 2500 2002

6 28 30000 2 2,500 31,800 27,000 2,500 2,500 2,500 2,500 30,000 30,000 17,500 30000 2500 25500 20400 24500 19000 19000 1 2005 5 31 9 30 2004 2 2005 5 31 728 223 263 80 41 108 13 602 82.69% 10

1 2 3 4 5 2005 5 31 9 30 2004 2005 6 1 2005 11 22 9 30 2005 2005 11 23 1 10,089,861,363.64 16.48% 484,111,048.23 5.75 % 6,583,064.66 73.24% 2 1 % % 279270692.64 2.77 137046260.91 28.31 9810095542.61 97.23 347061516.02 71.69 495128.39 0.00 3271.30 0.00 10089861363.64 100 484111048.23 100 11

2 10% 9,810,095,542.61 16.56 % 9,462,176,333.08 17.51 % 3.54 0.78 3 692,629,798.85 7.21 % 611,581,457.34 6.06 % 3 2005 12 31 % + - % 281567339.34 15.71 11.15 488303843.68 27.25 0.63 57734632.53 3.22 6.08 198793576.77 11.10 3.51 55520.00 - - 50.01 328265167.00 18.32-15.38 1 11.15% 2 15.38% 3 50.01% 2005 2004 + - % 273885147.17 246397983.18 11.16 82496412.60 75390419.33 9.43 29432315.55 38123407.05-22.80 50184190.39 46953322.98 6.88 1 11.16% 2 22.80% 4 2005 2004 + - % 42319667.51 383329672.06-88.96-92829711.01-50276008.21-84.64-149733704.40-220827632.39 32.19-201421062.65 108607152.92-285.46 1 88.96% 12

2 84.64% 3 32.19% 4 285.46% 12 5 1 8000 2005 12 31 1,357,337,515.10 175,914,207.96 2005 9,810,095,542.61 347,061,516.02 58,356,688.43 2 7000 2005 12 31 303,500,944.94 161,219,003.29 2005 279,270,692.64 137,046,260.91 39,934,672.50 1999 1 1 GMP 2 13

14 30% 2 1999 3 2006 1 2 2006 4 5 1

GMP ISO9002 2 3 2005 12 31 57,734,632.53 52% 60% 25% 1 2 2005 11 22 2005 52% 7000 11 15% 2005 10 20 11 23 2006 3 9 1 2006 1 23 2001 6 8 60% 277,869.98 16,382,040.00 500,000.00 2006 2 28 15

2005 2001 2 2005 9 1 [2005]118 60% 2004 15% 2004 33% 2005 2005 3,146,655.15 943,996.56 2,202,658.59 1 2005 3 2 2005 558 2005 4 22 2005 2005 4 26 2005 5 31 2005 2005 6 1 2005 8 19 2005 2005 8 23 2005 10 18 2005 2005 10 19 2 2005 6,583,064.66 10% 6,071,547.94 5% 3,035,773.97 24,797,757.23 21,724,246.36 2005 16

2 2005 4 22 2004 2004 2004 2005 8 19 1 2 2004 3 4 5 6 1 2005 9 6 26.51% 2005 13209 2005 12 13 2005 10 20 12 28 2 2006 1 23 2001 6 8 60% 70,636,132.16 277,869.98 17

16,382,040.00 500,000.00 2006 1 24 2006 4 4 2006 2 28 3 2006 1 16 17 922.5 558 170 2006 2 27 28 3 1 2006 1 21 2 14 1 2004 2005 8,480,307.69 5,217,487.18 ( ) 4,311,435.90 509,897.44 2 2004 2005 1,000,000.00 5,512,500.00 31,080,058.79 15,000,000.00 - - 3,169,836.64-3 2004 12 31 2004 12 31 101,050,000.00 37,600,000.00 4 2004 2005 5,702,191.62 7,447,881.95-1,709,401.71 5,702,191.62 9,157,283.66 5 2004 2005-4,355,296.51 18

6 2005 7 2005 12 31 2325.28 1597.25 558 170 2005 11 22 2005 52% 7000 11 15% 2005 10 19 11 23 2006 3 9 1 5% 2 2006 4 5 6 35 1996 19

2006 502 2005 12 31 2005 3 2005 12 31 2005 2006 4 8 20

2005 12 31 1 304,733,858.30 51,214,578.90 466,672,012.39 58,500,514.69 2 70,000,000.00 - - - 3 47,796,020.74-160,319,464.84 - - 152,200.00-327,200.00 - - - - 4 281,567,339.34-253,326,991.76 590,258.87 5 82,484,847.45 43,962,191.22 50,391,709.24 26,546,387.03 6 192,176,310.95-259,188,880.15 62,118.00 7 96,309,758.17-44,643,296.57-8 488,303,843.68-485,247,251.28 56,558.95 914,709.61-767,223.63 - - - - - - - - - 1,564,286,688.25 95,328,970.12 1,720,556,829.86 86,083,037.54 9 57,734,632.53 211,421,587.57 54,426,718.20 212,347,622.07 - - - - 57,734,632.53 211,421,587.57 54,426,718.20 212,347,622.07 10 198,793,576.77 12,493,043.54 192,053,145.84 12,725,923.80 10 87,130,414.92 6,635,424.19 71,984,076.38 6,200,223.68 111,663,161.85 5,857,619.35 120,069,069.46 6,525,700.12 10 525,786.86 242,840.35 242,840.35 242,840.35 111,137,374.99 5,614,779.00 119,826,229.11 6,282,859.77 - - - - 11 55,520.00-111,065.00 - - - - - 111,192,894.99 5,614,779.00 119,937,294.11 6,282,859.77 12 57,993,006.78 20,275,495.36 59,362,536.18 20,817,840.88 13 524,455.23 100,000.00 682,061.06 200,000.00 - - - - 58,517,462.01 20,375,495.36 60,044,597.24 21,017,840.88 - - - - 1,791,731,677.78 332,740,832.05 1,954,965,439.41 325,731,360.26 21

2005 12 31 14 328,265,167.00 17,875,000.00 387,943,950.00 21,325,000.00 15 15,000,000.00-17,889,650.00-16 653,630,611.51 11,836.00 728,566,450.62 92,242.20 17 222,473,079.12-271,886,466.40-5,871,904.11-5,871,904.11-8,780,226.60-8,508,555.60-18 5,481,200.00-5,481,200.00-19 49,359,594.28 650,081.05 33,583,177.66 837,267.50 20 1,219,970.85 113,283.99 843,788.55 113,197.23 21 41,443,813.81 8,992,997.92 56,896,619.72 24,672,252.86 22 984,982.31 366,419.74 850,099.79 491,525.22 23 19,600,050.80 19,600,050.80 - - 24 1,138,000.00 1,138,000.00 1,114,000.00 1,114,000.00 - - - - 1,353,248,600.39 48,747,669.50 1,519,435,862.45 48,645,485.01 - - - - - - - - - - - - 25 1,930,000.00 - - - - - - - 1,930,000.00 - - - - - - - 1,355,178,600.39 48,747,669.50 1,519,435,862.45 48,645,485.01 151,449,552.85-157,654,004.94-26 202,500,000.00 202,500,000.00 202,500,000.00 202,500,000.00 - - - - 202,500,000.00 202,500,000.00 202,500,000.00 202,500,000.00 27 3,141,336.86 3,141,336.86 2,496,449.00 2,496,449.00 28 57,737,941.32 20,760,319.92 48,081,365.79 19,820,960.01 20,327,333.68 8,450,924.86 17,291,559.71 8,137,804.89 29 21,724,246.36 57,591,505.77 24,797,757.23 52,268,466.24 - - - - 285,103,524.54 283,993,162.55 277,875,572.02 277,085,875.25 1,791,731,677.78 332,740,832.05 1,954,965,439.41 325,731,360.26 22

2005 30 10,089,861,363.64 495,128.39 8,662,126,026.80 5,005,886.20 :30 9,601,282,864.47 491,857.09 8,200,782,022.20 4,577,481.94 31 4,467,450.94-3,569,041.09-484,111,048.23 3,271.30 457,774,963.51 428,404.26 :32 7,559,561.81 32,980.00 8,309,569.34 2,135,224.30 : 273,885,147.17 27,555.00 246,397,983.18 27,050.00 82,496,412.60 27,137,758.61 75,390,419.33 24,070,191.07 33 29,432,315.55 1,800,918.95 38,123,407.05 2,173,352.60 105,856,734.72-28,929,981.26 106,172,723.29-23,706,965.11 : 34 512,369.63 54,909,274.54 62,968.71 49,537,461.83 35 16,590,000.00-15,710,000.00-36 2,466,790.69 200.00 1,682,214.08 247,532.15 : 37 21,886,934.90 19,717,093.84 6,796,899.26 1,072,567.78 103,538,960.14 6,262,399.44 116,831,006.82 25,005,461.09 : 50,184,190.39-46,953,322.98-46,771,705.09 45,279,769.37 - - 6,583,064.66 6,262,399.44 24,597,914.47 25,005,461.09 : 24,797,757.23 52,268,466.24 11,936,596.19 31,013,824.32 - - - - 31,380,821.89 58,530,865.68 36,534,510.66 56,019,285.41 : 6,071,547.94 626,239.94 7,784,238.92 2,500,546.11 3,035,773.97 313,119.97 3,892,119.47 1,250,273.06 - - 27,906.04-366,169.08-21,659.33-183,084.54-10,829.67-21,724,246.36 57,591,505.77 24,797,757.23 52,268,466.24 : - - - - - - - - - - - - - - - - 21,724,246.36 57,591,505.77 24,797,757.23 52,268,466.24 1 - - - - 2 - - - - 3 - - - - 4-5 - - - - 6 - - - - 23

2005 % 169.80% 172.08% 2.3907 2.3907 37.13% 37.63% 0.5227 0.5227 2.31% 2.34% 0.0325 0.0325 6.47% 6.55% 0.0910 0.0910 2005 42,994,744.83 29,137,106.72 2,614,092.86 69,517,758.69 16,528,929.69 4,555,234.68 2,614,092.86 18,470,071.51 26,465,815.14 24,581,872.05-51,047,687.19 4,176,732.30 629,981.59 4,806,713.89 4,176,732.30 629,981.59 4,806,713.89 242,840.35 282,946.51 525,786.86 242,840.35 282,946.51 525,786.86 201,922.42 201,922.42 24

2005 : 11,095,775,137.51 1,116,453.52 225,032,711.44 64,800.65 38 183,934,971.15 112,169,752.91 11,504,742,820.10 113,351,007.08 10,807,555,997.95 569,612.96 86,763,744.33 1,701,808.48 96,161,080.55 397,619.18 39 471,942,329.77 167,513,228.08 11,462,423,152.59 170,182,268.70 42,319,667.51-56,831,261.62 : - - 8,464,658.39-3,183,541.40 56,010,309.04 1,947,485.80 77,760.00 - - 13,595,685.59 56,088,069.04 21,690,396.60 9,308.00 84,735,000.00 - - - 106,425,396.60 9,308.00-92,829,711.01 56,078,761.04 - - - - - 588,343,167.00 2,600,000.00 2,316,056.43-590,659,223.43 2,600,000.00 648,021,950.00 6,050,000.00 92,370,977.83 3,082,137.90 52,912,579.74 - - 740,392,927.83 9,132,137.90-149,733,704.40-6,532,137.90-1,177,314.75-1,297.31-201,421,062.65-7,285,935.79 25

2005 1 6,583,064.66 6,262,399.44 46,771,705.09 - - - 30,050,034.82 21,581,035.71 16,566,298.20 567,319.11 1,357,009.40 542,345.52 289,944.15 100,000.00 ( : ) -672,738.08 - ( : ) -450,000.00-450,000.00 446,916.91 32,309.66 - - 37,826,871.26 1,985,662.06-512,369.63-54,909,274.54 - - -3,154,637.16 56,558.95-79,445,576.67-38,406,581.03-33,380,538.05-13,793,087.30 20,043,682.60 19,600,050.80 42,319,667.51-56,831,261.62 2 3 248,869,905.76 51,214,578.90 450,290,968.41 58,500,514.69 - - - - 40-201,421,062.65-7,285,935.79 26

1994 6 28 94 72 1996 10 (1996)282 283 5000 3200001103275 1997 5 10 2 1996 6000 6000 1999 6 10 2 1998 10 3 9000 9000 2000 4 10 2 1999 10 3 13500 13500 2003 9 10 3.5 2003 10 1.5 20250 20250 1 2 3 4 5 6 7 (1) ( (2) (3) 8 (1) A B (2) ( 27

1 5% 1-2 5% 2-3 10% 3-4 30% 4-5 50% 5 100% 9 (1) (2) (3) (4) 10 (1) 20% 20% 20% 20% 20% 20% 50% ( 50%) 50% -- 10 -- (2) (3) 11 (1) 2000 2000 2 (2) 5% 28

30-40 3.17%-2.38% 10-15 9.50%-6.33% 8-10 11.88%-9.50% 5-8 19.00%-11.88% 5 19.00% (3) 12 (1) (2) 3 13 (1) (2) (3) 14 15 (1) (2) 16 17 (1),,, 29

(2) (3) 18 19 2005 9 1 [2005]118 2004 15% 2004 33% 2005 2005 3,146,655.15 943,996.56 2,202,658.59 20 1 (1) 13% 17% 17% 17% 13% (2) 5% 2 (1) 33% (2) 2005 33% 3 (1) 7% 5% 7% (2) 4% (1) 7000 60% 8000 52% 1200 70% 63 74.60% 80 90% 500 90% 30

500 100% 100 100% (2) 2005 1 (1) 65,087.85 88,578.26 ( ) 416,810,053.94 232,029,816.13 30,482,517.62 2,046,961.47 8.0702 16,519,388.49 2,243,309.00 38,938.02 9.5568 372,122.88 ( ) 690,000.00 51,613,200.95 ( ) 16,309,690.61 509,334.05 8.0702 4,110,427.61 ( ) 71,353.37 33.90 9.5568 323.98 466,672,012.39 304,733,858.30 (2), 55,723,952.54 140,000.00 (3) 34.70% 2 7000 11 15 (2005) 14 107 21333 3 (1) (2) 5% 5% (3) 70.19% 4 31

(1) 1 261,627,429.85 96.95% 13,081,371.50 290,054,717.61 96.67% 14,502,735.88 1-2 1,489,084.39 0.55% 74,454.22 3,320,388.96 1.11% 166,019.45 2-3 851,218.30 0.32% 85,121.83 999,293.63 0.33% 99,929.36 3-4 3,264,296.75 1.21% 979,289.03 568,084.90 0.19% 170,425.47 4-5 630,398.10 0.23% 315,199.05 3,127,928.81 1.04% 1,563,964.40 5 1,993,494.06 0.74% 1,993,494.06 1,966,996.94 0.66% 1,966,996.94 269,855,921.45 100.00% 16,528,929.69 300,037,410.85 100.00% 18,470,071.50 (2) 52,659,579.80 17.55% (3) 5%( 5%) 5 (1) 1 38,116,763.49 49.59% 2,270,692.13 66,282,495.08 49.63% 8,002,641.72 1-2 17,375,576.58 22.61% 10,574,412.97 29,664,512.28 22.22% 11,511,501.18 2-3 10,218,687.20 13.30% 5,098,013.71 16,734,126.53 12.53% 11,019,594.71 3-4 314,788.86 0.41% 243,657.37 9,811,934.00 7.35% 9,515,291.04 4-5 5,458,708.49 7.10% 2,906,039.20 294,788.86 0.22% 253,980.65 5 5,372,999.76 6.99% 5,372,999.76 10,744,677.89 8.05% 10,744,677.89 76,857,524.38 100.00% 26,465,815.14 133,532,534.64 100.00% 51,047,687.19 (2) 2005 12 31 2005 12 31 3,811,181.59 3,811,181.59 1,929,129.67 1,929,129.67 201,720.64 201,720.64 4,117,339.75 4,117,339.75 7,238,169.80 7,238,169.80 9,838,914.19 9,838,914.19 10,994,072.06 10,994,072.06 38,130,527.70 38,130,527.70 (3) 16,545,938.39 10,994,072.06 9,838,914.19 7,238,169.80 5,170,000.00 32

(4) 49,787,094.44 37.28% (5) 5%( 5%) ( ) (6) 73.74% 6 (1) 1 257,425,493.31 99.32% 190,211,053.74 98.98% 1 2 1,611,713.94 0.62% 484,756.74 0.25% 2 3 151,672.90 0.06% 1,372,027.57 0.71% 3 - - 108,472.90 0.06% 259,188,880.15 100.00% 192,176,310.95 100.00% (2) 1 (3) 5%( 5%) 7 (1) 44,643,296.57 96,309,758.17 (2) 115.73% (3) 8 (1) 33 4,721,268.79-9,333,254.79 641,833.56 12,223,078.60-8,792,216.01-6,383,022.35-2,636,014.61 244,699.36 465,318,497.81 4,176,732.30 469,989,162.26 3,920,180.97 708,484.68-2,359,909.90-69,631.35 - - - 489,423,983.58 4,176,732.30 493,110,557.57 4,806,713.89 (2) 2005 12 31, 9

(1) [ ] 17,094,125.86 5,294,602.91 1,213,514.54 21,175,214.23 22,305,000.00-450,000.00 21,855,000.00 15,027,592.34-323,174.04 14,704,418.30 54,426,718.20 5,294,602.91 1,986,688.58 57,734,632.53 [ ] 2005 (2) 1995.12-25% 2015.12 11,451,527.25 - `1,717,100.27 11,643,716.26 2000.11-50% 2010.11 500,000.00-153,383.88 619,856.87 2005.2-24.50% 2035.2 2,450,000.00 735,000.00 239,118.76 239,118.76 14,401,527.25 735,000.00 2,109,602.91 12,502,691.89 571,680.98 6,067,504.91 17,027,738.60 - - 396,500.00 723,356.87 - - [ ] - 3,424,118.76-571,680.98 6,464,004.91 21,175,214.23 - [ ] 3,185,000.00 24.50% (4) 16.60% 5,000,000.00 - - 5,000,000.00-450,000.00-450,000.00 - - 10.79% 16,855,000.00 - - 16,855,000.00-22,305,000.00-450,000.00 21,855,000.00 - (5) 16,158,701.48 50 34

15,027,592.34-323,174.04 14,704,418.30 (6) 10 (1) 72,153,209.44 1,383,985.73 74,013.26 73,463,181.91 66,338,507.12 2,842,502.80 4,200.00 69,176,809.92 30,292,386.70 5,765,919.00 3,980,919.26 32,077,386.44 19,201,463.52 136,535.01-19,337,998.53 4,067,579.06 1,106,980.91 436,360.00 4,738,199.97 192,053,145.84 11,235,923.45 4,495,492.52 198,793,576.77 19,603,929.76 3,663,637.07 63,528.05 23,204,038.78 36,164,460.03 6,090,801.17 3,990.00 42,251,271.20 11,169,166.71 2,084,073.23 1,249,794.94 12,003,445.00 3,060,539.77 4,030,075.94-7,090,615.71 1,985,980.11 905,815.94 310,751.82 2,581,044.23 71,984,076.38 16,774,403.35 1,628,064.81 87,130,414.92 120,069,069.46 111,663,161.85 (2) 242,840.35 282,946.51-525,786.86 (3) 6,856,937.81 11 (1) 111,065.00 - - 111,065.00 - - - 55,520.00 - - 55,520.00-201,922.42 201,922.42 - - - 201,922.42 201,922.42 312,987.42 201,922.42 55,520.00-111,065.00 257,442.42 201,922.42 (2) 12 (1) 12-2 35

5,426,876.75 21,070,000.0 0 4,225,589.03 16,592,251.8 5 22,112,590.00 18,580,602.0 0 20,571,660.07 17,960,515.2 3 13,800.00 67,203,868.75 12,520.00 59,362,536.18 - - - - - - - - - - 12,520.00 12,520.00 117,377.40 424,968.12 442,251.80 372,412.08-1,357,009.40 4,108,211.63 16,167,283.7 3 20,129,408.27 17,588,103.1 5 34.73 40.08 45.33 47.58 - - 57,993,006.78 (2) 7,339,729.32 (3) 20,129,408.27 (4) 13 1,000,000.00 200,000.00-100,000.00 100,000.00 1,823,230.02 457,118.39 19,818.32 192,728.88 284,207.83 163,231.20 24,942.67 137,668.20 22,363.47 140,247.40 2,986,461.22 682,061.06 157,486.52 315,092.35 524,455.23 14 (1) 213,881,000.00 97,229,500.00-68,037,687.00 157,005,205.00 122,643,480.00 17,057,745.00 40,354,500.00 387,943,950.00 328,265,167.00 (2) 9,225,000.00 2004.6.28-2005.6.15 2006 1 17 6,050,000.00 2004.11.15-2005.10.14 2,600,000.00 2005.3.5-2005.12.5 17,875,000.00 2006 4 3 15 (1) (2) 5% 5% 16 (1) 5% 5% (2) 5,105,737.68 36

17 (1) 5% 5% (2) 2,360,675.87 18 19 (1) 37,837,148.64 37,479,823.37-11,284,836.13 6,588,819.82 313,966.34 333,112.21 559,275.15 1,207,388.13 5,893,542.11 3,691,888.58 33,889.36 58,562.17 155,062.20-75,129.99-33,583,177.66 49,359,594.28 (2) 20 (1) 460,249.87 762,832.73 267,496.68 267,496.68 116,042.00 189,641.44 843,788.55 1,219,970.85 (2) 21 (1) 7,470,869.76 3,719,520.00 2,430,000.00 1,086,046.23 786,861.41 (2) 5% 5% (3) 9,316,356.26 22 37

399,699.79 984,582.31 450,400.00 400.00 850,099.79 984,982.31 23 [ ] - 19,252,822.00-347,228.80-19,600,050.80 [ ] 1 24 (1) 1,000,000.00 138,000.00 2000.4.3-2003.4.3 2.400% (2) 25 (1) 170 (2) 2005 23 26 + - [ ] 1. 113,521,500 - - - - - 113,521,500 113,521,500 - - - - - 113,521,500 2. 38,353,500 - - - - - 38,353,500 151,875,000 - - - - - 151,875,000 50,625,000 - - - - - 50,625,000 50,625,000 - - - - - 50,625,000 202,500,000 - - - - - 202,500,000 27 - - - - - - - - - - - - 547,986.28 - - 547,986.28 - - - - - - - - 38

[ ] 1,948,462.72 644,887.86-2,593,350.58 2,496,449.00 644,887.86-3,141,336.86 [ ] 28 [ ] 11,683,155.12 626,239.94-12,309,395.06 8,137,804.89 313,119.97-8,450,924.86 18,567,519.90 5,445,308.00-24,012,827.90 9,153,754.82 2,722,654.00-11,876,408.82 359,420.70 366,169.08-725,589.78 179,710.36 183,084.54-362,794.90 48,081,365.79 9,656,575.53-57,737,941.32 [ ] 943,996.56 29 6,583,064.66 [ ] 24,797,757.23-6,071,547.94 3,035,773.97-366,169.08 183,084.54 - - 21,724,246.36 [ ] 2,202,658.59 30 (1) 240,704,864.67 279,270,692.64 143,960,597.20 138,614,674.30 8,416,415,275.93 9,810,095,542.61 8,052,243,943.06 9,462,176,333.08 5,005,886.20 495,128.39 4,577,481.94 491,857.09 8,662,126,026.80 10,089,861,363.64 8,200,782,022.20 9,601,282,864.47 - - - - 8,662,126,026.80 10,089,861,363.64 8,200,782,022.20 9,601,282,864.47 (2) 240,704,864.67 279,270,692.64 143,960,597.20 138,614,674.30 8,416,415,275.93 9,810,095,542.61 8,052,243,943.06 9,462,176,333.08 5,005,886.20 495,128.39 4,577,481.94 491,857.09 39

8,662,126,026.80 10,089,861,363.64 8,200,782,022.20 9,601,282,864.47 - - - - 8,662,126,026.80 10,089,861,363.64 8,200,782,022.20 9,601,282,864.47 (3) 611,581,457.34 6.06% 31 184,401.16 192,254.51 1,980,986.55 2,441,167.55 1,403,653.38 1,834,028.88 3,569,041.09 4,467,450.94 3,374,725.5 5,580,697.03 279,034.85 5,301,662.18 4 357,177.17 3,017,548.37 3,214,695.76 1,119,098.46 2,095,597.30 - - - - - - [ ] 3,789,803.3 9 496,480.00 3,293,323.39 960,733.00 48,423.14 912,309.86 1,397,816.0 0 149,125.95 1,248,690.05 9,756,125.79 1,446,556.45 8,309,569.34 8,562,344.9 1,002,783.12 7,559,561.81 3 32 [ ] 3,789,803.39 496,480.00 33 20,922,874.14 38,654,629.25 1,582,041.65 4,466,608.65-708,599.18 14,123,746.02 16,231,580.80-3,618,828.54 18,482,630.24 (NDF) - 2,316,056.43 1,040,000.00 520,000.00 38,123,407.05 29,432,315.55 34 (1) - -119,961.55 40

-323,174.04-323,174.04 386,142.75 2,109,602.91-2,436,860.42 - -3,590,958.11 62,968.71 512,369.63 (2) 35 [ ] 15,710,000.00 16,590,000.00 [ ] 2005 1,636.00 2005 23 36 1,089,685.44 1,585,774.02 18,010.00 502,823.35 574,518.64 378,193.32 1,682,214.08 2,466,790.69 37 (1) - 19,252,822.00 2,806,469.50 426,426.48 2,035,405.08 930,312.66 1,064,887.86 347,228.80 402,007.85 125,602.64-282,946.51 488,128.97 521,595.81 6,796,899.26 21,886,934.90 (2)2005 1,509.00 38 130,530,000.00 15,000,000.00 18,520,000.00 4,568,985.85 3,374,725.54 39 41

163,000,000.00 78,720,967.90 36,696,416.76 31,560,058.79 19,311,396.83 16,959,944.53 16,231,580.80 8,069,919.52 7,690,257.20 40 304,733,858.30 55,723,952.54 140,000.00 248,869,905.76 466,672,012.39 16,381,043.98 450,290,968.41-201,421,062.65 1 (1) 1 21,537,412.39 47.02% 1,441,724.57 40,937,339.20 48.25% 6,735,383.93 1-2 10,901,706.23 23.80% 10,250,719.45 20,422,232.55 24.07% 11,049,387.20 2-3 10,130,362.97 22.11% 5,089,181.29 10,551,706.23 12.44% 10,401,352.68 3-4 270,114.54 0.59% 230,255.07 9,686,109.77 11.42% 9,477,543.77 4-5 1,790,712.46 3.91% 1,072,041.18 270,114.54 0.32% 241,643.49 5 1,178,971.09 2.57% 1,178,971.09 2,969,683.55 3.50% 2,969,683.55 45,809,279.68 100.00% 19,262,892.65 84,837,185.84 100.00% 40,874,994.62 (2) 2005 12 31 5 (3) 10,994,072.06 9,838,914.19 7,238,169.80 5,170,000.00 5,000,000.00 (4) 38,241,156.05 45.08% (5) 5%( 5%) 42

(6) 85.20%, 2 (1) 196,465,302.76 53,515,348.31 55,586,802.10 194,393,848.97 : 15,027,592.34-323,174.04 14,704,418.30 15,882,319.31 1,717,100.27 571,680.98 17,027,738.60 212,347,622.07 55,232,448.58 55,909,976.14 211,421,587.57 (2) 10 52% 8,836,000.00 15,860,000.00 29,554,544.81 165,915,656.75 50 60% 66,588,473.93-23,960,803.50 62,683,669.53 : 16,158,701.48 - - - 75,424,473.93 15,860,000.00 53,515,348.31 228,599,326.28 55,263,628.06 107,653,628.06-82,958,028.69 - - 16,382,040.00 1,454,283.18 111,435,820.28 - : 1,454,283.18 14,704,418.30 55,263,628.06 124,035,668.06 1,454,283.18 194,393,848.97 - (3) 16,158,701.48 50 15,027,592.34-323,174.04 14,704,418.30 (4) 1995.12-25% 11,451,527.25 2015.12-1,717,100.27 11,643,716.26 43

571,680.98 6,067,504.91 17,027,738.60-4 5 (1) -323,174.04-323,174.04 49,860,635.87 55,232,448.58 49,537,461.83 54,909,274.54 (2) 1 12 50% 3 44

308 32 A-3 12-2 1229 67 403 285 B 11 1 2 1,160.00( ) - - 1,160.00( ) 10,000.00 - - 10,000.00 8,000.00 - - 8,000.00 7,000.00 - - 7,000.00 63.00( ) - - 63.00( ) 80.00 - - 80.00 45

500.00 - - 500.00 120.00 1080.00-1,200.00-500.00-500.00-100.00-100.00 3 8,355.15 41.26% - - - - 8,355.15 41.26% 8,355.15 41.26% - - - - 8,355.15 41.26% 4,160.00 52.00% - - - - 4,160.00 52.00% 4,200.00 60.00% - - - - 4,200.00 60.00% 47.00( ) 74.60% - - - - 47.00( ) 74.60% 72.00 90.00% - - - - 72.00 90.00% 450.00 90.00% - - - - 450.00 90.00% 84.00 70.00% 756.00 - - - 840.00 70.00% - - 500.00 100.00% - - 500.00 100.00% - - 100.00 100.00% - - 100.00 100.00% 4 30.60% 46

a) 1 2004 2005 1,000,000.00 5,512,500.00 31,080,058.79 15,000,000.00 - - 3,169,836.64-2 2004 2005 872,138.26 481,515.59 25,775.08 67,258.74 897,913.34 548,774.33 2005 3 2004 2005 8,480,307.69 5,217,487.18 4,311,435.90 509,897.44 4 2004 2005 5,702,191.62 7,447,881.95 1,709,401.71 5,702,191.62 9,157,283.66 47

5 2004 2005 4,355,296.51 6 2004 12 31 2005 12 31 101,050,000.00 37,600,000.00 7 2004 2005 480,000.00 2,000,000.00 500,000.00 8 2005 7 791,880.00 759,180.00-17,520.00 791,880.00 776,700.00 398,586.52 3,568,423.16 90,556.07 90,556.07 5,029.85 5,029.85 494,172.44 3,664,009.08 14,464.80 505,216.65-278,811.62 14,464.80 784,028.27 2,410,707.57-17,255,055.26 304,373.80-1,086,046.23 948,803.59 948,803.59 20,614,566.42 2,339,223.62 1 2005 12 31 2325.28 48

(1) 558.00 2006 1 17 (2006) 004 600 2006 2 28 (2) 170.00 2006 1 16 (2006) 005 175 2006 3 1 (3) 75.00 2005 12 31 (4) 630.00 61 2006 1 29 1,925.28 (5) 400.00 2005 5 27 2006 5 27 200.00 2005 5 27 2007 5 26 200.00 2 500.00 3 2005 9 6 26.51% 31,209,665.21 2001 6 8 60% 70% 90% 39 39 31,209,665.21 26.51% 31,209,665.21 " 2005 13209 " 2006 1 23 2001 6 8 60% 70,636,132.16 277,869.98 16,382,040.00 500,000.00 2006 1 24 2001 6 8 49

60% 70% 90% 39 39 31,652,843.68 2006 4 4 4 2006 1 17 922.50 2004 6 28 922.5 2005 6 15 (2006) 003 1000 2006 2 27 5 2005 1 28 1998 1 90 2005 12 31 2006 3 9 7,000.00 2005 9 22 2003 80 2004 158 42 644,887.86 1 2005-427,489.31 16,790,000.00 (NDF) 2,316,056.43 708,599.18 3,293,323.39 2,436,860.42-3,590,958.11 50

-119,961.55-19,252,822.00-347,228.80 996,906.74 2,803,286.39-11,854,439.19 2 2005 2005 10% 5% 3 2006 3 20 2006 25% 4 [2001]9 1 2 3 51