2013 Interim Report GREENTOWN CHINA HOLDINGS LIMITED (incorporated in the Cayman Islands with limited liability) (Stock Code: 03900) 03900

02 04 06 08 11 16 21 28 32 37 38 39 42 43 45 76

02

03 20052013 TOP 10 2013 7 19 201316122 34965 2000 2012 6 85141.64.9 2013 6 30 24.36% 2012 6 22 50% 2013 6 30 4,100

04 Maples Corporate Services Limited PO Box 309, Ugland House Grand Cayman, KY1-1104 Cayman Islands Maples and Calder 1 A 10 310007 183 17 1712 1716 Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road, George Town Grand Cayman KY1-1110 Cayman Islands 16 18 1 1406 1408 ir@chinagreentown.com (852) 2523 3137 (852) 2523 6608 03900 www.chinagreentown.com www.greentownchina.com

05

06 32% 12% 12% 32% 12%

07 32.0% (%) 13,232 19.7% (%) 8,166 11.5% (%) 4,739 8.6% (%) 3,584 7.5% (%) 3,096 5.3% (%) 2,187 3.8% (%) 1,560 3.2% (%) 1,341 2.9% (%) 1,195 1.8% (%) 744 1.4% (%) 606 1.1% (%) 448 0.7% (%) 280 0.5% (%) 210 34 7,035 13,232 32.0% 10 3,888 8,166 19.7% 25 2,187 4,739 11.5% 8 1,232 3,584 8.6% 3 1,234 3,096 7.5% 1 2,304 2,187 5.3% 6 689 1,560 3.8% 2 368 1,341 3.2% 1 372 1,195 2.9% 1 246 744 1.8% 3 294 606 1.4% 1 917 448 1.1% 3 381 280 0.7% 1 17 210 0.5% 99 21,165 41,387 100%

08 6 30 6 30 6 30 3,791 28,829 11,216 12,601 10,214 3,475 3,158 21,178 15,496 1,461 10,802 12,114 3,870 1,940 582 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013

09 6 30 2009 2010 2011 2012 2013 1,940,468 3,870,171 11,216,159 12,600,812 10,213,995 (1,358,175) (2,408,707) (7,424,921) (9,125,366) (7,055,929) 582,293 1,461,464 3,791,238 3,475,446 3,158,066 428,039 154,188 437,586 1,062,855 1,081,497 (716,251) (1,016,315) (1,201,542) (1,116,644) (1,304,815) 174,724 144,050 15,673 258,467 685,119 468,805 743,387 3,042,955 3,680,124 3,619,867 (114,409) (382,754) (1,266,456) (1,419,880) (1,163,931) 354,396 360,633 1,776,499 2,260,244 2,455,936 323,176 331,713 891,770 1,811,498 1,854,924 31,220 28,920 884,729 448,746 601,012 354,396 360,633 1,776,499 2,260,244 2,455,936 6 30 2009 2010 2011 2012 2013 4,030,388 6,457,612 11,448,607 12,528,182 16,974,717 48,248,415 92,440,792 114,614,447 114,086,702 100,604,994 (26,928,703) (64,336,155) (84,804,920) (96,338,169) 71,168,388 (14,548,441) (22,448,553) (25,762,600) (9,098,994) 17,582,145 10,801,659 12,113,696 15,495,534 21,177,721 28,829,178

10

11 2013 6 30 10,214 2012 12,601 18.9% 2,456 2012 2,260 8.7% 2013 6 30 24.0% 2012 17.9% 1,855 2012 1,811 44 2.4% 1,620 2012 1,355 265 19.6% 15.9% 10.8% 0.82 2012 1.09 24.8% 2012 4.9 00004.HK 2007 7 2013 4 2016

12 2013 2013 2013 151325 31201222047.7% 201359% 153 20,395 201218,744 8.8%

13 66,696 2,300 34,491 65,861 1,678 25,476 18,377 1,614 87,807 19,443 1,437 73,927 81,387 1,042 12,801 32,605 1,028 31,537 23,367 844 36,126 19,187 828 43,138 13,550 670 49,417 71,604 627 8,756 15,367 603 39,230 45,924 584 12,723 25,087 584 23,282 36,631 560 15,291 907,826 15,029 16,555 1,442,912 29,428 20,395

14 2012 2013 2 4 5 2013 33 52013 5 253 238.5% 5 5.625%2013 2012 01918.HK 2013 6 30 Caa1 B2CCC+ B8 B BB- 6

15 38.4132 8,344 2013 6 302,1164,139 1,1522,1962,604824 1,355465 5 50% 111 675 7,996 11,854 * 25% 214 526 1,200 4,562 25% 59 123 645 8,120 * 1250%

16

17

18 2013 4 LIBOR+3.88% 1 3LIBOR+4% 2013420 19330 2013306 234

19 2013 60% 65,574 60% 53,831 96.875% 27,071 100% 42,730 100% 52,430 70% 65,802 50% 133,844 100% 97,581 80% 79,137 80% 54,480 60% 110,599 60% 75,062 65% 27,469 100% 94,443 100% 11,835 51% 38,801 51% 6,381 100% 149,282 100% 144,925 64% 30,932 64% 13,106 100% 64,491 100% 53,370 51% 91,330 51% 71,329 51% 34,904 51% 22,319 2 51% 32,458 100% 108,004 1,853,520

20 24.5% 110,309 51% 5,848 51% 19,010 35% 240,532 50% 7,787 55% 150,612 10% 73,693 45% 181,923 45% 7,424 50% 92,589 40% 45,149 40% 127,740 35% 8,909 50% 133,592 1,205,117 3,058,637 2013 6 30 824465

21 9,59693.9%201212,011 2,415 20.1%646,5032012743,239 13.0%14,843 2012 16,1608.1% 2013 111,054 2,480 25.8% 22,331 22,408 1,279 13.3% 57,078 138,079 972 10.1% 7,039 72,144 836 8.7% 11,588 14,692 529 5.5% 36,006 82,597 454 4.7% 5,497 26,888 356 3.7% 13,240 17,514 346 3.6% 19,756 8,011 336 3.5% 41,942 51,386 314 3.3% 6,111 17,127 209 2.2% 12,203 6,855 203 2.1% 29,613 77,748 1,282 13.5% 16,489 646,503 9,596 100.0% 14,843

22 2,587 27.0% 2,480 25.8% 1,414 14.7% 7,744 80.7%1,565 16.3%194 2.0% 93 1.0% 284201222824.6% 13020121244.8% 2012 53201257 10120128617.4% 2,84929.7%201226.5% 13.3% 47.1% 10.1% 9.1%

23 3772012506 12920121312012 3292012 324 1,006 2012845 19.1% 3502012353 22320121261.7% 2012 1.0% 82201230 2012 27720122577.8%

24 2662012272 995 20122,14353.6% 72973.3%201287.3% 6852012258427 165.5%13,2212012 2,4774.32012249,096108.0% 518,1732012 9,944 156.6%25,51523.4%201239.6% 14.2%7.6%8.7% 13.4%2012 63.1%47.7%2012

25 2013 84,028 2,333 17.6% 27,765 53,063 1,874 14.2% 35,317 55,241 1,668 12.6% 30,195 102,161 1,419 10.7% 13,890 8 15,871 1,148 8.7% 72,333 67,423 1,060 8.0% 15,722 33,451 1,007 7.6% 30,104 20,537 1,000 7.6% 48,693 5,835 459 3.5% 78,663 80,563 1,253 9.5% 15,553 518,173 13,221 100.0% 25,515

26 4722012731 6922012 689 28.1%25.0% 2013 6 3030,372 2012 12 3128,848 1,5245.3% 39,4742012 12 3136,512 2,962 8.1% 2013 4 16 50% 1,200 704 268 2013 6 30 10,3922012 12 317,898 24,6522012 12 3121,37349.5%2012 6 30 93.5%2012 12 3149.0% 24,6527,70116,951 31.2% 68.8%2012 12 3121,37315,2556,118 71.4% 28.6% 200620134 3 2013 6 30

27 2013 6 3017,731 2012 12 3117,144 2013 6 30 20,4052012 12 3124,848 2013 6 30 13,0022012 12 3115,276

28

29 14 10 2410 342013 6 30 2013 8 23 2012 6 8 100%

30

31 2013 6 30 XV 352 1,089,000 1 68,859,000 2 472,124,000 3 542,072,000 25.16% 384,490,500 4 384,490,500 17.84% 15,000,000 5 336,000 1 100,000,000 6 13,010,000 7 115,000,000 5.34% 13,346,000 0.62% 3,364,000 8 3,364,000 0.16% (1) 2009 1 22 2009 1 222019 1 212.89 (2) Wisearn Limited Wisearn (3) Delta House Limited Delta XV Delta 372,124,000 11288 XV100,000,000 (4) Profitwise LimitedProfitwise (5) 2009 7 17 2009 7 172019 7 1611.59 (6) Tandellen Group LimitedTandellen50% (7) Jamuta Investments Limited (8) 2009 5 13 2009 5 132019 5 127.16

32 300,000 1 (1) Yu Ka Po Ruby 69,200,000 34.6% 54,000,000 27% 2013 6 30352

33 2013 6 30 336 1 2 542,072,000 (L) 25.16% Delta 3 372,124,000 (L) 17.27% 3 100,000,000 (L) 4.64% Profitwise 4 384,490,500 (L) 17.84% 5 115,000,000 (L) 5.34% Tandellen 6 100,000,000 (L) 4.64% Lehman Brothers Holdings Inc. 7 101,400,450 (L) 31,868,575 (S) 4.71% 1.48% HSBC Trustee (Guernsey) Limited 8 869,446,387 (L) 40.35% 9 869,446,387 (L) 40.35% 10 869,446,387 (L) 40.35% (1) L S (2) Wisearn XV Wisearn 68,859,000 XV(i)Delta372,124,000(ii) 100,000,000(iii) 1,089,000 (3) (4) (5) Tandellen 100,000,000 50% 15,000,000 (6) (7) Lehman Brothers Holdings Inc.101,400,450 (L) 31,868,575 (S)

34 (8) HSBC Trustee (Guernsey) Limited Wheelock Investments Limited WF Investment Partners LimitedWharf China Holdings Limited Target Smart Investments LimitedTarget SmartEnzio Investments LimitedEnzio869,446,387 344,594,594 40.35% (9) Wheelock Investments Limited WF Investment Partners LimitedWharf China Holdings Limited Target Smart Enzio869,446,387 344,594,59440.35% (10) Wharf China Holdings Limited Target Smart Enzio869,446,387 40.35%2013 6 30 Target Smart 524,851,7932013 6 30 24.36% 2013 6 30 2006 6 22 2016 6 21 10% 1% 0.1%5,000,000 (i) (ii)5 (iii)

35 2013 6 30 544,500 544,500 2009 1 22 2009 1 222019 1 21 2.89 272,250 272,250 2009 1 22 2010 1 222019 1 21 2.89 272,250 272,250 2009 1 22 2011 1 222019 1 21 2.89 1,089,000 1,089,000 81,000 81,000 2009 1 22 2009 1 222019 1 21 2.89 264,000 264,000 2009 1 22 2010 1 222019 1 21 2.89 264,000 264,000 2009 1 22 2011 1 222019 1 21 2.89 609,000 609,000 7,500,000 7,500,000 2009 7 17 2009 7 172019 7 16 11.59 3,750,000 3,750,000 2009 7 17 2010 7 172019 7 16 11.59 3,750,000 3,750,000 2009 7 17 2011 7 172019 7 16 11.59 15,000,000 15,000,000 48,000 48,000 2009 1 22 2009 1 222019 1 21 2.89 144,000 144,000 2009 1 22 2010 1 222019 1 21 2.89 144,000 144,000 2009 1 22 2011 1 222019 1 21 2.89 336,000 336,000 2009 5 13 2009 5 132019 5 12 7.16 1,916,500 1,852,500 64,000 2009 5 13 2011 5 132019 5 12 7.16 3,300,000 3,300,000 2009 5 13 2012 5 132019 5 12 7.16 5,216,500 1,852,500 3,364,000 5,545,000 1,687,500 3,857,500 2009 1 22 2009 1 222019 1 21 2.89 5,260,250 1,174,250 4,086,000 2009 1 22 2010 1 222019 1 21 2.89 6,064,250 991,750 5,072,500 2009 1 22 2011 1 222019 1 21 2.89 17,316,000 3,147,500 14,168,500 2009 6 22 2009 6 222019 6 21 11.00 8,688,000 1,059,000 7,629,000 2009 6 22 2010 6 222019 6 21 11.00 8,688,000 942,000 7,746,000 2009 6 22 2011 6 222019 6 21 11.00 51,561,500 9,002,000 42,559,500 872,500 872,500 2009 6 22 2009 6 222019 6 21 11.00 436,250 436,250 2009 6 22 2010 6 222019 6 21 11.00 436,250 436,250 2009 6 22 2011 6 222019 6 21 11.00 1,745,000 1,745,000 75,557,000 11,463,500 64,093,500

36 11,463,50022 2013 6 305,3722012 12 314,670 2013 1 28 452013 3 263 52013 5 6 25 3 11,463,5002013 6 30 0.5% 2013 6 30 2012 6 30 2013 8 23

37 38 752013 6 30 34 34 34 2410 34 2013 8 23

38 2013 6 30 6 30 2013 2012 3 10,213,995 12,600,812 (7,055,929) (9,125,366) 3,158,066 3,475,446 4 377,366 506,006 (337,818) (244,861) (668,375) (599,646) 5 (265,672) (272,137) (32,950) 82,520 368,280 1,879 54,190 23 49,980 12 704,131 173,655 232,473 511,464 25,994 6 3,619,867 3,680,124 7 (1,163,931) (1,419,880) 2,455,936 2,260,244 1,854,924 1,811,498 601,012 448,746 9 2,455,936 2,260,244 0.82 1.09 0.74 1.08

39 2013 6 30 2013 6 30 2012 12 31 10 4,051,620 3,675,256 1,730,600 1,730,600 11 7,864,979 6,573,266 12 1,404,085 1,003,745 359,855 346,545 674,306 254,968 6,055 6,744 883,217 782,241 16,974,717 14,373,365 13 6,072,463 6,020,524 14 44,918,115 43,136,154 8,006,354 7,330,358 98,331 76,299 15 4,591,933 4,712,786 23,382,625 21,619,085 1,469,358 1,076,018 1,674,209 1,464,738 25 982,207 1,734,337 9,409,399 6,163,632 100,604,994 93,333,931

40 2013 6 30 2013 6 30 2012 12 31 16 17,186,537 15,958,635 17 30,372,198 28,848,285 9,292,677 7,125,114 1,077,319 4,531,909 5,389,742 1,006,602 985,100 18 7,463,822 15,014,288 237,324 241,327 71,168,388 73,562,491 29,436,606 19,771,440 46,411,323 34,144,805 18 10,151,253 6,117,815 19 6,799,793 598,149 538,915 32,950 17,582,145 6,656,730 28,829,178 27,488,075

41 2013 6 30 2013 6 30 2012 12 31 20 208,349 207,422 19,754,788 18,850,269 2,084,472 2,084,472 22,047,609 21,142,163 6,781,569 6,345,912 28,829,178 27,488,075 38752013 8 23

42 2013 6 30 2012 1 1 166,441 6,299,722 (552,744) 346,150 27,275 280,105 5,372,950 11,939,899 5,703,415 17,643,314 1,811,498 1,811,498 448,746 2,260,244 (136,126) (136,126) 31,445 (31,445) 20 26,658 1,359,563 1,386,221 1,386,221 1,203 1,203 1,203 55 2,222 (689) 1,588 1,588 2007 2011 (27,275) 27,275 (464,113) (464,113) (6,072) (6,072) 23 38,962 38,962 17,000 17,000 435,500 435,500 2012 6 30 193,154 7,661,507 (552,744) 377,595 280,619 7,180,278 15,140,409 6,037,312 21,177,721 2013 1 1 207,422 8,395,764 (410,856) 449,470 267,863 2,084,472 10,148,028 21,142,163 6,345,912 27,488,075 1,854,924 1,854,924 601,012 2,455,936 8 (1,077,319) (1,077,319) (1,077,319) (320,000) (320,000) 431,827 (431,827) 927 107,314 (41,319) 66,922 66,922 60,919 60,919 (38,419) 22,500 23 814 814 192,250 192,250 2013 6 30 208,349 8,503,078 (349,937) 881,297 226,544 2,084,472 10,493,806 22,047,609 6,781,569 28,829,178

43 2013 6 30 6 30 2013 2012 8,339 551,083 (868,472) (408,380) 656 54,961 (200,503) (88,733) 175,673 752,130 (266,405) 23 (6,443) 62,727 61,621 110,970 272,887 500,050 694,262 51,800 1,204,181 751,515 (13,310) (3,217) (1,067,043) (39,175) (600,000) 1,050,496 130,769 347,370 327,172 (1,215,997) 4,203,556

44 2013 6 30 6 30 2013 2012 7,312,206 3,750,149 (10,829,234) (5,215,842) (795,900) 2,121,652 (78,362) (1,009,816) (2,253,902) (320,000) (300,152) 22,500 2007 (189,726) 192,250 435,500 20162018 6,891,379 1,386,221 66,922 1,588 22,202 4,470,061 (3,260,426) 3,262,403 1,494,213 1 1 6,163,632 3,615,149 (16,636) 1,301 6 30 9,409,399 5,110,663 9,409,399 4,747,267 363,396 9,409,399 5,110,663

45 2013 6 30 1. 34 16 2. 2013 6 302012 12 31 2013 1 1 10 1027 1210(a) (b) (c) 10 10 10

46 2013 6 30 2. 11 113113 28201111 11 11 31 31 11 31 11

47 2013 6 30 2. 13 13 13 34 13 13 13 13 21 3. 6 30 2013 2012 9,595,940 12,011,259 130,467 124,138 100,677 85,989 52,580 56,976 283,685 227,904 22,507 45,933 28,139 48,613 10,213,995 12,600,812

48 2013 6 30 3. 2013 6 30 9,595,940 130,467 52,580 435,008 10,213,995 3,016 247 570,310 573,573 9,595,940 133,483 52,827 1,005,318 10,787,568 2,739,319 (29,674) (4,395) 9,476 2,714,726 (8,949) 10,994 (167,902) (32,950) (59,983) 2,455,936 2012 6 30 12,011,259 124,138 56,976 408,439 12,600,812 6,902 198 180,483 187,583 12,011,259 131,040 57,174 588,922 12,788,395 2,196,610 12,604 (12,105) 16,566 2,213,675 (11,328) 33,058 (37,582) 82,520 (20,099) 2,260,244

49 2013 6 30 3. 2013 6 30 2012 12 31 103,634,028 97,895,112 4,198,675 2,951,674 1,786,575 1,784,857 2,195,300 2,721,404 111,814,578 105,353,047 5,765,133 2,354,249 117,579,711 107,707,296 2013 6 30 2012 12 31 75,863,633 73,911,205 110,308 180,623 1,056,466 1,091,446 2,961,414 4,230,237 79,991,821 79,413,511 8,758,712 805,710 88,750,533 80,219,221

50 2013 6 30 4. 6 30 2013 2012 328,654 324,020 17,734 600 30,273 130,769 30,378 20,944 377,366 506,006 5. 6 30 2013 2012 994,244 2,142,614 (728,572) (1,870,477) 265,672 272,137

51 2013 6 30 6. 6 30 2013 2012 478,925 439,054 1,203 21,520 22,228 (150,149) (109,508) 350,296 352,977 74,183 76,308 (4,529) (5,169) 69,654 71,139 6,986,982 9,044,769 3,457 2,146 7. 6 30 2013 2012 733,915 767,500 471,758 731,013 1,205,673 1,498,513 (41,742) (78,633) 1,163,931 1,419,880

52 2013 6 30 7. 25% 25% 201225% 5% 10%10% 2013 6 30471,758,0002012 6 30731,013,000 8. 2012 3 192011 0.10164,026,000 2012 12 310.50 1,077,319,0002013 7 12 2013 6 30 2012 6 30

53 2013 6 30 9. 6 30 2013 2012 1,854,924 1,811,498 (91,404) 1,763,520 1,811,498 2007 3,259 91,404 1,854,924 1,814,757 6 30 2013 2012 2,152,537,013 1,667,409,986 24,920,175 12,079,725 2007 6,234,677 344,594,594 2,522,051,782 1,685,724,388 10. 868,472,0002012 6 30408,380,000 816,281,0002012 6 30337,211,000 25

54 2013 6 30 11. 180,520,000886,523,000 12. 2013 4 16(i) 50% 200,000,000 (ii) 1,672,637,000 1,000,000,0002013 6 2 672,637,000 13. 2013 6 30 794,916,0002012 12 311,857,329,000 12 14. 2013 6 30 2012 12 31 22,401,504 22,615,786 18,656,489 16,776,048 3,860,122 3,744,320 44,918,115 43,136,154 26,265,427,0002012 12 3126,233,022,00012

55 2013 6 30 15. 2013 6 30 2012 12 31 383,342 459,907 2,811,668 2,828,812 1,073,317 1,100,461 323,606 323,606 4,591,933 4,712,786 90 2013 6 30 2012 12 31 30 66,733 80,382 31 90 27,290 26,816 91 180 57,843 130,170 181 365 87,194 67,118 365 144,282 155,421 383,342 459,907 16. 2013 6 30 2012 12 31 9,868,174 10,814,674 7,218,363 5,143,961 100,000 17,186,537 15,958,635

56 2013 6 30 16. 2013 6 30 2012 12 31 30 3,031,939 6,107,937 31 90 3,028,374 1,933,377 91 180 582,063 1,304,746 181 365 2,411,018 870,156 365 814,780 598,458 9,868,174 10,814,674 17.

57 2013 6 30 18. 2013 6 30 2012 12 31 25 12,762,181 14,725,150 222,000 1,311,938 12,984,181 16,037,088 25 4,540,894 3,990,915 90,000 1,104,100 4,630,894 5,095,015 17,615,075 21,132,103 1 7,463,822 15,014,288 1 10,151,253 6,117,815 17,615,075 21,132,103 2013 6 30 2012 12 31 692,530 643,964 457,080 446,800 162,000 1,000,000 142,000 490,000

58 2013 6 30 19. 2013 2 4100%400,000,000 8.5 394,626,000 2,480,617,000 2018 2 4 2013 3 26102.5%300,000,000 308,515,0001,934,851,000 (i) (ii) (iii) (iv) (v) 2006 11 (vi)

59 2013 6 30 19. 2016 2 4 2 4 104.250% 102.125% 2016 2 4100% (1) 1.00% (2)(A) (i) 2016 2 4 (ii)2016 2 4 100 (B) 2016 2 4108.5% 35.0% 65.0% 60 (i) 8.5

60 2013 6 30 19. (ii) 2013 6 30 4,415,468 (70,983) 126,400 (148,074) 4,322,811 2013 5 13100%2,500,000,000 5.625 2,475,911,000 2016 5 13 (i) (ii) (iii) (iv) (v) 2006 11 (vi)

61 2013 6 30 19. 100% (1) 1.00% (2)(A) (i) (ii) 2.0(B) 105.625% 35.0%65.0% 60 (i) 5.9 (ii) 2013 6 30 2,475,911 19,821 (18,750) 2,476,982

62 2013 6 30 19. 6,891,379 (70,983) 146,221 (166,824) 6,799,793 20. 0.10 2012 1 1 1,640,022,897 164,002 675,500 68 327,849,579 32,785 2012 6 30 1,968,547,976 196,855 2013 1 1 2,143,175,190 214,317 11,463,500 1,146 2013 6 30 2,154,638,690 215,463 2012 12 31 207,422 2013 6 30 208,349

63 2013 6 30 21. 2013 6 30 2012 12 31 32,950

64 2013 6 30 21. 2013 6 30 2012 12 31 2013 237,324 239,221 1 241,327 248,200 1 20162018 6,799,793 6,693,427 1 1 22. 2013 1 1 75,557,000 8.82 (11,463,500) 7.22 2013 6 30 64,093,500 9.11 15.362012 6 30 6.54

65 2013 6 30 23. 2013 6 30 i 2013 3 5 52.85% 2,400 ii 2013 1 15 51% 104,090 (i) 51% 35% (ii) 51% 2012 6 30 2012 1 11 85% 20122012 6 30 2012 7 1

66 2013 6 30 23. 6 30 2013 2012 22 1,936 429 149,571 943,617 270,678 501 51,419 2,165 282,219 23,504 18,239 47 62,727 (121,490) (400,476) (45,911) (235,802) (21) (33,159) (13) (603,650) 106,803 259,749 501 (814) (38,962) 106,490 220,787 (220,787) 106,490

67 2013 6 30 23. 6 30 2013 2012 6,490 100,000 106,490 (6,490) 47 62,727 (6,443) 62,727 85%2012 6 30 49,980,000 2,666,000 2,666,000 814,000 2013 1 1 2013 6 30

68 2013 6 30 24. 2013 6 30 2012 12 31 12,787,747 15,079,597 214,722 196,766 13,002,469 15,276,363 2013 6 30 2012 12 31 2,030,752 2,283,607 25. 2013 6 30 2012 12 31 28,317 32,807 1,697,163 1,964,841 379,118 262,565 479,235 229,419 321,573 261,497 13,893,119 17,540,720 754,893 900,363 1,700,000 1,700,000 982,207 1,734,337 4,859 177,232 164,191 44,552 20,404,675 24,848,333

69 2013 6 30 26. (i) 2013 6 30 17,731,110,0002012 12 3117,144,296,000 2013 6 30 2012 12 31 6,593,085 3,821,076 847,075 4,230,736 250,000 200,000 7,690,160 8,251,812 2013 6 30 2012 12 31 5,402,946 3,773,850 2013 6 30 2012 12 31 1,468,696 1,333,389

70 2013 6 30 26. (ii) 2011 12 29 SOHO (i) 100% (ii) 100% 2012 1 9 10% 40% 50%100%2012 115,330,000 2012 5 30 2012 6 4

71 2013 6 30 26. (ii) 2012 11 292013 4 24 1. 2011 12 29100% 2. 2011 12 29 100% 3. 2012 1 12 100% 4. SOHO

72 2013 6 30 26. (iii) 2010 7 2627 60% 25,500,000 2010 7 29 2011 9 5 60% 2012 6 112011 9 5 60% 2012 11 5 (i)(ii)11,000,000 (iii) 2013 5 14 (i)(ii)

73 2013 6 30 27. (i) 2013 6 30 6 30 2013 2012 98,191 21,818 40,242 1,693 2,141 235 2,150 2,170 19,250 676 223 3,760 4,264 500 500 4,165 5,865 29,291 24,363 262,135 277,581 41,129 44,045 7,445 5,130 35,687 143,384 17,369 27,097 17,549 503,680 35,000 20,000 8,224 116,753 27,146 3,363

74 2013 6 30 27. (i) 2013 6 30 6 30 2013 2012 1,691 4,766 3,618 883 207 474 252 161 460 642 51 733 68 1,051 2,298 34,290 2,091 2,249

75 2013 6 30 27. (ii) 2013 6 30 6 30 2013 2012 20,000 160,520 22,500 (iii) 2013 6 30 6 30 2013 2012 7,024 9,812 152 119 1,203 7,176 11,134

76 03900 Active Way Development Limited 2,550,000,000 2013 6 30 571 2006 6 22 0.10 01918 00004

GREENTOWN CHINA HOLDINGS LIMITED HANGZHOU HEADQUARTERS 10/F, Block A, Century Plaza, No.1 Hangda Road, Hangzhou, Zhejiang, PRC (Postcode: 310007) Tel: (86-571) 8898 8888 Fax: (86-571) 8790 1717 HONG KONG OFFICE Rm 1406-1408, New World Tower 1, 16-18 Queen s Road, Central, Hong Kong Tel: (852) 2523 3137 Fax: (852) 2523 6608 www.chinagreentown.com Design and production by: ione Financial Press Limited Website: www.ione.com.hk