2005 1

3 4 6 8 10 11 11 14 15 17 17 2

2005 1 SHENZHEN TEXTILE (HOLDINGS) CO., LTD. STHC 2 3 518031 0755-83776043 0755-83776139 cjane@mail.china.com 4 518031 sztext@szonline.net 5 http://www.cninfo.com.cn 6 000045 200045 7 1994 8 4403011013060 44030111001108 28 5 10 1 3

( ) 35,176,033.26 21,639,239.45 23,220,107.84 92,723,410.46 898,920.91 33,438,727.79 3,322,808.57 439,090.69 : -2,024,593.79 21,701,207.67-52,755,925.70 1-129,803.21 439,090.69 54,532.26-122,541.31 51,896.16-1,946,686.74 79,628.74-1,573,883.41 6,984.98-1,580,868.39 2 21,639 26,939 2,346 2,346-567 - 31 689 - - 433 785 784 96-25,555 31,100 : 4

343,922 336,894 22,836 20,490 689 - ( 1,500 ) ( 1,500 ( 2,116 ) ( 2,901 363,831 352,983 2005 2004 2003 392,060,278.43 448,392,704.13 451,964,672.47 21,639,239.45 26,938,981.41 34,086,332.84 659,843,681.48 670,791,020.90 706,775,686.92 343,921,482.89 336,893,783.44 338,937,266.74 0.088 0.11 0.209 0.095 0.084 0.137 1.403 1.374 2.074 1.41 1.36 2.071 / 0.089 0.29 0.182 6.29 7.996 10.06 % 6.75 6.09 6.58 9 % 92,723,410.46 26.96 26.67 0.38 0.38 33,438,727.79 9.72 9.62 0.14 0.14 21,639,239.45 6.29 6.22 0.088 0.088 23,220,107.84 6.75 6.68 0.095 0.095 : 245124000 45718674.74 6220524.62 16371004.76 23459579.32 336893783.44 95900.00 2264537.20 1132268.60 21639239.45 25131945.25 18104245.80 18104245.80 245124000 45814574.74 8485061.82 17503273.36 26994572.97 343921482.89 200,000.00 5

21,639,239.45 2,264,537.20 1,132,268.60 2004 14,707,440.00 + 162,360,000 66.24% 162,360,000 66.24% 1 162,360,000 66.24% 162,360,000 66.24% 162,360,000 66.24% 162,360,000 66.24% 2 3 4 1 33,264,000 13.57% 33,264,000 13.57% : 100,800 0.04% 100,800 0.04% 2 49,500,000 20.19% 49,500,000 20.19% 3 4 245,124,000 100% 245,124,000 100% 1 2 1994 6 380 3.90 1995 2 2005 12 31 100,800 1 2005 12 31 18649 1 A 10569 B 8080 2 2005 12 31 10 18649 6

66.24% 162360000 162360000 7000000 A 0.32% 775000 0 A 0.27% 668721 0 VICTOR ONWARD PRINTING &DYEING HK CO.LTD B 0.23% 555000 0 ABN AMRO BANK NV B 0.20% 498400 0 A 0.17% 412400 0 A 0.16% 400000 0 B 0.16% 400000 0 DBS VICKERS HONGKONG LTD A/C CLIENTS B 0.16% 389985 0 A 0.14% 338690 0 10 775000 A 668721 A VICTOR ONWARD PRINTING &DYEING HK CO.LTD 555000 B ABN AMRO BANK NV 498400 B 412400 A 400000 A 400000 B DBS VICKERS HONGKONG LTD A/C CLIENTS 389985 B 338690 A WU KIN YEUK 316055 B 16,236,000 10 10 4 5 8 9 3 66.24% 2004 10 13 10 2004 11 4 7

100% 66.24% 4 10% 10% 5 10 58 2003.6.30 2006.6.29 55800 55800 36 2005.5.28 2006.6.29 0 0 53 2003.6.30 2006.6.29 45000 45000 51 2003.6.30 2006.6.29 0 0 44 2003.6.30 2006.6.29 0 0 41 2003.6.30 2006.6.29 0 0 53 2003.6.30 2006.6.29 0 0 50 2005.6.29 2006.6.29 0 0 48 2005.4.5 2006.6.29 0 0 59 2003.7.30 2006.6.29 0 0 43 2003.7.30 2006.6.29 0 0 42 2003.7.30 2006.6.29 0 0 52 2005.5.28 2006.6.29 0 0 43 2003.6.30 2006.6.29 0 0 52 2003.6.30 2006.6.29 0 0 703 1993 3 8

9 1984 1994

2005 44.6 43.0 33.7 5.0 5.0 5.0 37.9 0 28.9 31.5 29.3 28.9 16.7 6 12 26.2 25.5 2005 12 31 627 370 29 56 31 78 10 115 42 91 10

4 3 1 0 4 4 0 0 4 4 0 0 2004 2005 6 29 2005 6 30 2005 12 2 2005 12 5 1 2005 39,206.03 12.56 % 2,163.92 19.67% 19,493.97 0.12% 1,843.18 11.63% 17,221.15 22.48% 759.18 51.04% 5,077.94 1.23% 915.24 15.13% 10% 62,857,423.59 46,544,982.16 25.95% 36,175,279.59 25,757,305.96 28.8% 1.98 2 11

2,500 5,017 2005 476.8 6,800 10,622 2005 947.7 5,000 5,455 2005 257.6 2,000 3,766 2005 5.99 500 3,972 2005 130.4 354 1,864 2005 3.6 214 2,055 2005 99% 92.4 1,000 1,478 2005 75% 116.5 168 210 2005 1.6 720 1,091 2005 46.5 160 560 2005 97% 617 4.2 3 9808.06 38.44% 17603.15 44.9 % 4 1 2 3 4 5 1 2 3 2474.5 2005 12 2006 12

1 2005 12 31 65,984.4 1.63 % 34,392.1 2.09% 9,272.3 4.45% 2,163.9 19.67% -5275.6 4,585 41.4% 143.6% 2337.6 42.4% 2 52.4% 10.5 26% 6.3 21.6% 16.8 2006 1 2 3 4 5 1 2005 4 16 2005 4 20 2005 5 27 2005 5 28 2005 7 29 2005 8 2 13

2005 10 26 2005 2 2004 2005 8 26 2004 2005 2005 21,639,239.45 25,555,000.00 2005 21,639,239.45 10% 2,264,537.20 5% 1,132,268.60 245,124,000 10 0.5, 12,256,200.0 5,986,233.65 1 http://www.cninfo.com.cn/ 2 ( 2003 56 ) 2004 338 2005 120 1000 3 1 2005 4 16 2004 2005 2004 2004 2 2005 5 27 3 2005 10 26 2005 2005 14

4 2004 12 24 2005 1 2 3 4 1 2 1 2003 11 10543081.72 2 2002 9 16 630 1 2 1000 2005 7 16 2006 7 14 3 5% 2006 6 30 A B 38 12 15

5 4 1 2 3 16

82207928 2006 82237549 [2006]037 : 2005 12 31 2005 2005 12 31 2005 2006 4 8 17

: 1 70,304,094.11 14,373,477.57 121,260,019.81 41,120,853.26 1,760,400.00 1,760,400.00 2,919,057.94 2,919,057.94 : 119,700.00 119,700.00 175,060.00 175,060.00 2 1,640,700.00 1,640,700.00 2,743,997.94 2,743,997.94 1,345,000.00 - - - 3 309,953.94 309,953.94 2,093,529.85 2,093,529.85 - - - - 55,805,795.20 2,653,487.50 39,720,984.96 2,653,487.50 : 3,598,971.29 132,674.38 2,789,575.14 132,674.38 4 52,206,823.91 2,520,813.12 36,931,409.82 2,520,813.12 53,075,514.88 80,831,608.41 54,239,265.01 86,685,972.58 : 22,464,458.76 21,904,724.57 23,558,028.91 22,822,483.38 5 1 30,611,056.12 58,926,883.84 30,681,236.10 63,863,489.20 6 19,123,161.35 3,822,283.15 7,850,422.72 6,367,637.18 - - - - 63,539,161.93 24,716,793.12 60,258,994.76 24,716,793.12 : - - - - : 5,099,419.12 2,322,456.72 5,097,875.05 2,322,456.72 7 58,439,742.81 22,394,336.40 55,161,119.71 22,394,336.40 8 128,463.98-110,468.02 - - - - - - - - - - - - - - - - - 234,108,996.22 103,988,448.02 256,832,203.97 141,104,656.95 : 125,526,556.27 262,355,970.03 130,274,241.41 259,631,030.35 : 38,789,988.51 38,789,988.51 39,150,464.65 39,150,464.65 9 2 86,736,567.76 223,565,981.52 91,123,776.76 220,480,565.70 - - - - : - - - - - - - - 86,736,567.76 223,565,981.52 91,123,776.76 220,480,565.70 : 10 438,653,761.86 236,575,033.93 430,039,114.84 233,562,854.54 : 10 152,200,370.88 73,474,709.02 134,563,663.53 67,101,502.53 286,453,390.98 163,100,324.91 295,475,451.31 166,461,352.01 : 10 468,762.62 235,233.62 468,762.62 235,233.62 285,984,628.36 162,865,091.29 295,006,688.69 166,226,118.39 - - - - 41,846,360.49 2,466,064.39 18,470,212.51 1,917,159.89 : - - - - 11 41,846,360.49 2,466,064.39 18,470,212.51 1,917,159.89 - - - - - - - - 327,830,988.85 165,331,155.68 313,476,901.20 168,143,278.28 : 2005 12 31 2005 12 31 2004 12 31 18

11,024,509.64 3,928,909.64 8,859,839.60 975,839.60 : - - - - 12 11,024,509.64 3,928,909.64 8,859,839.60 975,839.60 13 142,619.01-498,299.37 - - - - - 11,167,128.65 3,928,909.64 9,358,138.97 975,839.60 : - - - - 659,843,681.48 496,814,494.86 670,791,020.90 530,704,340.53 19

: 14 78,000,000.00 68,000,000.00 100,623,455.74 92,500,000.00 - - - - 15 28,033,038.35 1,901,137.24 22,642,134.64 4,766,068.56 16 18,256,225.55 5,758,570.25 15,141,627.39 12,925,552.06 - - - - 2,357,681.94 784,785.87 3,130,682.66 1,579,638.35 3,396,255.89 564,062.78 3,567,280.64 528,323.46 17 16,475,565.00 15,910,226.56 19,201,477.50 18,482,726.56 18 5,165,406.45 1,797,132.19 6,494,469.28 3,183,427.52 40,256.06 1,790.27 62,767.45 14,101.41 - - - - 19 54,618,771.14 51,035,831.28 58,334,723.49 52,814,979.44 20 4,870,079.59 2,633,342.93 5,977,649.46 3,015,739.73 - - - - 21 670,000.00-700,000.00 - - - - - - - - - - - - - 211,883,279.97 148,386,879.37 235,876,268.25 189,810,557.09 : - - - - - - - - 22 3,500,000.00 3,500,000.00 4,000,000.00 4,000,000.00 23 500,000.00-200,000.00 - - - - - 4,000,000.00 3,500,000.00 4,200,000.00 4,000,000.00 : - - - - 215,883,279.97 151,886,879.37 240,076,268.25 193,810,557.09 100,038,918.62-93,820,969.21 - : 2005 12 31 2005 12 31 2004 12 31 245,124,000.00 245,124,000.00 245,124,000.00 245,124,000.00 : - - - - 24 245,124,000.00 245,124,000.00 245,124,000.00 245,124,000.00 25 45,814,574.74 45,814,574.74 45,718,674.74 45,718,674.74 26 25,988,335.18 25,988,335.18 22,591,529.38 22,591,529.38 : 26 17,503,273.36 17,503,273.36 16,371,004.76 16,371,004.76 27 26,994,572.97 28,000,705.57 23,459,579.32 23,459,579.32 12,256,200.00 12,256,200.00 14,707,440.00 14,707,440.00 343,921,482.89 344,927,615.49 336,893,783.44 336,893,783.44 659,843,681.48 496,814,494.86 670,791,020.90 530,704,340.53 20

2005 2005 2004 28 3 392,060,278.43 93,465,845.44 448,392,704.13 192,528,173.99 : 28 3 296,232,318.61 52,134,230.35 348,397,269.95 142,879,048.99 3,104,549.36 1,789,814.22 2,952,721.03 1,851,407.44 92,723,410.46 39,541,800.87 97,042,713.15 47,797,717.56 :29 898,920.91-1,209,589.61-14,201,321.30 1,359,146.72 15,164,303.50 2,340,934.61 41,647,212.94 23,911,883.90 39,413,076.92 23,367,894.77 30 4,335,069.34 3,122,170.46 4,572,309.16 3,552,935.87 33,438,727.79 11,148,599.79 39,102,613.18 18,535,952.31 : 31 4 3,322,808.57 15,048,010.36 5,772,996.68 16,008,176.70 32 439,090.69-1,270,074.00 1,126,074.00 33 70,405.66 41,360.26 585,639.16 522,686.36 : 34 2,094,999.45 1,846,128.03 6,334,077.94 6,262,907.08 35,176,033.26 24,391,842.38 40,397,245.08 29,929,982.29 : 35 4,478,836.78 1,746,470.33 4,774,573.72 2,991,000.88 9,057,957.03-8,683,689.95-27 21,639,239.45 22,645,372.05 26,938,981.41 26,938,981.41 :27 23,459,579.32 23,459,579.32 29,976,325.12 29,976,325.12 - - - - 27 45,098,818.77 46,104,951.37 56,915,306.53 56,915,306.53 :27 2,264,537.20 2,264,537.20 2,693,898.14 2,693,898.14 27 1,132,268.60 1,132,268.60 1,346,949.07 1,346,949.07 41,702,012.97 42,708,145.57 52,874,459.32 52,874,459.32 : - - - - - - - - 14,707,440.00 14,707,440.00 29,414,880.00 29,414,880.00 - - - - 27 26,994,572.97 28,000,705.57 23,459,579.32 23,459,579.32-1,006,132.60 - - - - - - - - - - - - - - - - - - - - - - 21

2005 1-12 2004 1-12 2005 1-12 2004 1-12 2005 1-12 2004 1-12 2005 1-12 2004 1-12 26.96% 28.81% 26.67% 27.54% 0.38 0.40 0.38 0.40 9.72% 11.61% 9.62% 11.10% 0.14 0.16 0.14 0.16 6.29% 8.00% 6.22% 7.64% 0.09 0.11 0.09 0.11 6.75% 6.08% 6.68% 5.82% 0.09 0.08 0.09 0.08 = / =P/ Eo+Np/2+Ei*Mi/Mo-Ej*Mj/Mo) = / =P/ So+S1+Si*Mi/Mo-Sj*Mj/Mo) P Np Eo Ei Ej Mi Mj Mo So S1 Si Sj 2005-12-31/2005 1-12 2004-12-31/2004 1-12 21,639,239.45 26,938,981.41 336,893,783.44 338,937,266.74 - - - - - - - - 12 12 245,124,000 245,124,000 - - - - - - 22

2005 1-12 2004 12 31 2005 12 31 175,060.00-55,360.00-119,700.00 175,060.00-55,360.00-119,700.00 - - - - - 26,347,604.05 809,396.15-1,093,570.15 26,063,430.05 2,789,575.14 809,396.15 - - 3,598,971.29 23,558,028.91 - - 1,093,570.15 22,464,458.76 5,097,875.05 87,317.32 24,268.74 61,504.51 5,099,419.12 218,903.26 - - - 218,903.26 1,892,055.41 - - - 1,892,055.41 2,986,916.38 87,317.32 24,268.74 61,504.51 2,988,460.45 - - - - - - - - - - - - - - - 39,150,464.65 - - 360,476.14 38,789,988.51 39,150,464.65 - - 360,476.14 38,789,988.51 - - - - - 468,762.62 - - - 468,762.62 - - - - - - - - - - - - - - - - - - - - 468,762.62 - - - 468,762.62 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 23

2005 1-12 2004 12 31 2005 12 31 175,060.00-55,360.00-119,700.00 175,060.00-55,360.00-119,700.00 - - - - - 22,955,157.76 - - 917,758.81 22,037,398.95 132,674.38 - - - 132,674.38 22,822,483.38 - - 917,758.81 21,904,724.57 2,322,456.72 - - - 2,322,456.72 - - - - - 1,892,055.41 - - - 1,892,055.41 430,401.31 - - - 430,401.31 - - - - - - - - - - - - - - - 39,150,464.65 - - 360,476.14 38,789,988.51 39,150,464.65 - - 360,476.14 38,789,988.51 - - - - - 235,233.62 - - - 235,233.62 - - - - - - - - - - - - - - - - - - - - 235,233.62 - - - 235,233.62 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 24

2005 2005 403,608,322.21 88,441,548.54 19,148,750.56 5,427,888.22 490,986.85 5,610,005.57 423,248,059.62 99,479,442.33, 333,961,415.77 59,442,423.91 32,450,197.23 10,369,627.62 21,140,409.47 6,239,912.52 36 13,994,829.48 5,863,303.32 401,546,851.95 81,915,267.37 21,701,207.67 17,564,174.96 1,158,657.94 1,158,657.94 6,155,984.27 9,865,392.93 58,984.00-991,826.30 1,256,832.14 8,365,452.51 12,280,883.01 38,695,701.04 7,049,239.89-3,000,000.00 - - 38,695,701.04 10,049,239.89-30,330,248.53 2,231,643.12 4,000,000.00 - : 1,000,000.00-103,000,000.00 88,000,000.00 500,000.00-107,500,000.00 88,000,000.00 126,153,455.74 113,000,000.00 24,833,132.14 21,429,880.89 : 3,040,007.62 - - - - - 150,986,587.88 134,429,880.89-43,486,587.88-46,429,880.89-640,296.96-113,312.88-52,755,925.70-26,747,375.69 25

2005 2005 21,639,239.45 22,645,372.05 : -698,466.07-1,333,594.95 18,864,670.18 6,373,206.49 1,323,485.96 535,085.96 355,680.36 - -17,995.96 - -1,107,569.87-382,396.80 - - 129,803.21-4,008,242.68 3,006,421.63-3,322,808.57-15,048,010.36 - - -3,280,167.17 - -27,538,798.74 8,942,886.51 2,287,935.18-7,174,795.57 9,057,957.03-21,701,207.67 17,564,174.96 - - - - - - 68,504,094.11 14,373,477.57 : 121,260,019.81 41,120,853.26 : - - : - - : - - : - - -52,755,925.70-26,747,375.69 26

2005 1-12 1994 4 13 1114 15 1994 N246747 2005 12 31 245,124,000.00 034 1 2 1 1 12 31 3 4 5 1 ( ) 2 6, 7 1, 2 3 27

4 8 1 2 5.00% 9 1 2 3 10 1 2 20.00% 20.00% 20.00%, 20.00% 20.00% 20.00%, 10 28

3 11 1 2,000.00, 2 3 4, 4.00% : - 35 2.74% - 40 2.40% 10 10.00% 10-14 9.60%-6.86% 8 12.00% 8 12.00% 8 12.00% 5 12 1 2 3 29

13 1 2 3 4 14 1 2 3 4 15 1 2 16 1 2 3 30

17 18 19 20 1 50.00%, 50.00% 2 13.00% 17.00% 3.00% 5.00% 5.00% 1.00% 15.00% 33.00% * * 15.00% 31

[2004]0099 2003 2004 2005 2006 2007 2005 156 2005 2006 2007 33.00% 1 3,540,000.00 100.00% 2,140,000.00 100.00% 10,000,000.00 100.00% 1,600,000.00 100.00% 7,200,000.00 100.00% 25,000,000.00 48.00% 1,680,000.00 75.00% 10,000,000.00 63.87% 5,000,000.00 49.00% * 68,000,000.00 47.95% * 50,000,000.00 50.00% * * 2005 12 31 50.00% 2 HKD10,000.00 100.00% HKD6,670,000.00 100.00% HKD11,240,000.00 75.00% 32

3 1 2005 12 31 2004 12 31 (1) 386,105.11 374,793.34 112,658.60 1.04 116,853.07 227,097.30 1.30 295,582.38 29,511.30 8.06 237,912.59 31,279.30 8.28 258,915.27 740,870.77 929,290.99 (2) 56,660,425.78 102,834,364.77 5,312,146.03 1.04 5,519,825.47 5,769,279.85 1.07 6,164,210.23 232,602.37 8.06 1,876,961.59 1,118,807.16 7.27 8,129,811.73 --- --- 0.85 11.26 9.57 64,057,212.84 117,128,396.30 (3) 2,644,020.12 3,202,332.52 146.74 8.06 1,184.10 --- --- 41,460,960.58 0.07 2,860,806.28 --- --- 5,506,010.50 3,202,332.52 70,304,094.11 121,260,019.81 2 2005 12 31 2004 12 31 1,760,400.00 2,090,200.00 119,700.00 2,914,172.70 2,739,112.70 175,060.00 --- --- --- 4,885.24 4,885.24 --- 1,760,400.00 2,090,200.00 119,700.00 2,919.057.94 2,743,997.94 175,060.00 100,000 2.61 261,000.00 2.22 39,000.00 33

100,000 2.63 263,000.00 4.62 --- 200,000 2.28 456,000.00 2.83 --- 60,000 6.82 409200.00 7.22 --- 30,000 4.79 143,700.00 2.11 80,700.00 G 50,000 4.55 227,500.00 6.88 --- 1,760,400.00 119,700.00 3 2005 12 31 2004 12 31 --- 2,036,700.65 235,000.00 --- 74,953.94 56,829.20 309,953.94 2,093,529.85 4 2005 12 31 2004 12 31 1 46,097,101.72 82.60% 1,903,107.38 34,374,452.87 86.54% 1,538.859.21 1-2 8,152,312.55 14.61% 498,900.28 2,842,343.06 7.16% 159,396.29 2-3 261,404.29 0.47% 89,206.59 1,364,379.00 3.43% 191,803.08 3 1,294,976.64 2.32% 1,107757.04 1,139,810.03 2.87% 899,516.56 55,805,795.20 100.00% 3,598,971.29 39,720,984.96 100.00% 2,789,575.14 1 13,068,067.91 15,079,596.43 2 3 5.00% 5.00% 5 2005 12 31 2004 12 31 1 10,748,543.89 20.25% 200,589.59 12,272,030.29 15.37% 533,982.30 1-2 1,714,360.75 3.23% 15,132.93 16,446,178.42 33.16% 766,460.42 2-3 15,172,635.73 28.59% 78,959.41 287,114.37 0.58% 205,733.84 34

3 25,439,974.51 47.93% 22,169,776.83 25,233,941.93 50.89% 22,051,852.35 53,075,514.88 100.00% 22,464,458.76 54,239,265.01 100.00% 23,558,028.91 1 32,381,331.68 31,143,893.02 2 3 5.00% 5.00% 6 2005 12 31 2004 12 31 1 15,530,742.29 81.21% 2,254,411.57 28.72% 1-2 3,592,419.06 18.79% 5,596,011.15 71.28% 19,123,161.35 100.00% 7,850,422.72 100.00% 1 5.00% 5.00% 7 2005 12 31 2004 12 31 10,281,557.75 218,903.26 8,659,567.39 97,729.45 30,473,916.56 1,892,055.41 30,534,715.26 1,892,055.41 19,494,415.24 2,988,460.45 14,522,884.14 3,108,090.19 148,821.75 --- 469,696.29 --- 1,873,785.64 --- 4,716,674.58 --- 523,532.11 --- 526,392.24 --- 743,132.88 --- 829,064.86 --- 63,539,161.93 5,099,419.12 60,258,994.76 5,097,875.05 1 2 2669.45 22,675,055.41 1,892,055.41 35

8 2005 12 31 2004 12 31 33,442.26 27,800.02 95,021.72 82,668.00 128,463.98 110,468.02 9 2004 12 31 2005 12 31 41,427,665.85 14,831,681.50 --- --- 41,427,665.85 14,831,681.50 88,846,575.56 24,318,783.15 1,475,940.15 6,223,625.29 84,098,890.42 23,958,307.01 130,274,241.41 39,150,464.65 1,475,940.15 6,223,625.29 125,526,556.27 38,789,988.51 1 2005 12 31 30,000.00 --- 51,000.00 12,274,497 4.00% 14,831,681.50 3,805,094.07 24,458,231 14.00% 26,544,984.35 114,953,685.70 41,427,665.85 118,881,881.28 2 2005 12 31 100.00% 10,600.00 --- 1,441,053.84 1,451,653.84 100.00% 4,123,077.16 --- -2,345,072.55 1,778,004.61 100.00% 5,000,000.00-3,738,625.35-5,000,000.00 --- 75.00% 6,322,500.00-43,911.92-5,623,962.87 698,537.13 15,456,177.16-3,782,537.27-11,527,981.58 3,928,195.58 2005 12 31 50.00% 8,906,070.41 486,000.00 3,240,184.64 12,146,255.05 50.00% 2,040,102.73 158,408.67 659,563.14 2,699,665.87 50.00% 850,000.00-55,761.70 1,767,575.90 2,617,575.90 36

50.00% 1,529,483.67 103,964.85 1,130,024.25 2,659,507.92 40.25% 2,524,500.00 22,170.83-1,023,782.97 1,500,717.03 30.00% 532,062.50-18,000.00 2,963,793.76 3,495,856.26 35.00% 7,240,625.00-751,679.49 118,509.42 7,359,134.42 35.00% 8,228,350.00-221,251.09 1,379,929.42 9,608,279.42 31,851,194.31-276,147.93 10,235,797.56 42,086,991.87 2005 12 31 19.58% 4,230,000.00 --- --- 4,230,000.00 15.00% 2,100,000.00 --- --- 2,100,000.00 10.80% 16,800,000.00 --- --- 16,800,000.00 45.00% 5,491,288.71 --- --- 5,491,288.71 2.87% 2,600,000.00 --- --- 2,600,000.00 20.00% 160,000.00 --- --- 160,000.00 20.00% 524,000.00 --- --- 524,000.00 17.85% 1,500,414.37 --- --- 1,500,414.37 9.80% 1,500,000.00 --- --- 1,500,000.00 18.00% 1,800,000.00 --- --- 1,800,000.00 36,705,703.08 --- --- 36,705,703.08 20% 3 2004 12 31 2005 12 31 2,666,549.70 10 799,964.93 266,654.97 533,309.96 4,223,449.70 10 1,267,034.90 422,344.97 844,689.93 6,889,999.40 2,066,999.83 688,999.94 1,377,999.89 4 2004 2005 12 31 12 31 14,831,681.50 --- --- 14,831,681.50 360,476.14 --- 360,476.14 --- 2,100,000.00 --- --- 2,100,000.00, 16,800,000.00 --- --- 16,800,000.00 37

5,058,307.01 --- --- 5,058,307.01 39,150,464.65 --- 360,476.14 38,789,988.51 10 2004 12 31 2005 12 31 259,373,589.66 2,502,692.89 611,230.43 261,265,052.12 7,492,780.02 2,642,654.12 --- 10,135,434.14 146,189,179.83 3,898,246.63 326,255.71 149,761,170.75 6,501,066.29 408,000.00 46,271.86 6,862,794.43 10,482,499.04 579,803.42 432,992.04 10,629,310.42 430,039,114.84 10,031,397.06 1,416,750.04 438,653,761.86 72,472,376.35 6,492,066.50 586,781.21 78,377,661.64 2,052,708.71 1,103,166.38 --- 3,155,875.09 48,937,330.25 10,021,450.51 184,400.24 58,774,380.52 4,721,102.09 417,235.25 46,271.86 5,092,065.48 6,380,146.13 830,751.54 410,509.52 6,800,388.15 134,563,663.53 18,864,670.18 1,227,962.83 152,200,370.88 468,762.62 --- --- 468,762.62 295,006,688.69 285,984,628.36 1 11 2004 2005 12 31 12 31 16,150,427.62 24,745,375.48 --- 1,800,000.00 39,095,803.10 90.00% 1,820,038.89 2,400.00 1,822,438.89 --- --- 100.00% C --- 576,474.39 --- --- 576,474.39 90% 6 --- 1,655,202.00 --- --- 1,655,202.00 --- 137,267.00 --- --- 137,267.00 --- 220,000.00 --- --- 220,000.00 499,746.00 994,503.07 1,332,635.07 --- 161,614.00 38

18,470,212.51 28,311,221.94 3,155,073.96 1,800,00.00 41,846,360.49 1 3 12 / 2,416,511.64 3,488,156.00 11,825,200.00 14,321,711.44 2004 12 31 975,839.60 --- 7,884,000.00 8,859,839.60 --- 3,488,156.00 --- 3,488,156.00 215,337.96 319,748.00 788,400.00 1,323,485.96 2005 12 31 760,501.64 3,168,408.00 7,095,600.00 11,024,509.64 3.5 9.1 9 1 - [1999] 003 2 13 2004 12 31 2005 12 31 498,299.37 --- 355,680.36 142,619.01 0.4 14 2005 12 31 2004 12 31 68,000,000.00 52,500,000.00 10,000,000.00 40,000,000.00 --- --- --- 8,123,455.74 78,000,000.00 100,623,455.74 15 2005 12 31 28,033,038.35 2004 12 31 22,642,134.64 39

9,808.06 38.44% 5.00% 5.00% 2 16 2005 12 31 18,256,225.55 2004 12 31 15,141,627.39 5.00% 5.00% 2 17 2005 12 31 2004 12 31 --- --- 15,910,226.56 18,482,726.56 565,338.44 718,750.94 16,475,565.00 19,201,477.50 18 2005 12 31 2004 12 31 1,650,939.27 1,898,495.91 303,467.25 707,568.42 48,508.20 79,779.43 2,387,043.11 2,965,774.45 506,523.96 571,275.99 268,924.66 271,575.08 5,165,406.45 6,494,469.28 19 2005 12 31 54,618,771.14 2004 12 31 58,334,723.49 5.00% 5.00% 1 2 20 2005 12 31 2004 12 31 422,277.65 569,247.54 3,527,315.79 3,909,712.59 12,275.46 577,397.01 908,210.69 921,292.32 40

4,870,079.59 5,977,649.46 21 2005 12 31 2004 12 31 670,000.00 1993 /03/25-2002/12/25 9.63% 700,000.00 22 2005 12 31 2004 12 31 3,500,000.00 1998 /04/13-2001/04/13 9.63% 4,000,000.00 23 2005 12 31 2004 12 31 --- 200,000.00 500,000.00 --- 500,000.00 200,000.00 1 2001-1-040 200,000.00 2 2005 [2005]387 500,000.00 24 2004 12 31 2005 12 31 1 162,360,000.00 --- 162,360,000.00 : 162,360,000.00 --- 162,360,000.00 --- --- --- --- --- --- --- --- 162,360,000.00 --- 162,360,000.00 41

2 33,264,000.00 --- 33,264,000.00 49,500,000.00 --- 49,500,000.00 --- --- --- --- 82,764,000.00 --- 82,764,000.00 3 245,124,000.00 245,124,000.00 245,124,000 1.00 245,124,000.00 [2004]142 25 2004 12 31 2005 12 31 432,415.29 95,900.00 528,315.29 45,286,259.45 --- 45,286,259.45 45,718,674.74 95,900.00 45,814,574.74 200,000.00 95,900.00 26 2004 12 31 2005 12 31 6,220,524.62 2,264,537.20 --- 8,485,061.82 16,371,004.76 1,132,268.60 --- 17,503,273.36 22,591,529.38 3,396,805.80 --- 25,988,335.18 27 2005 21,639,239.45 23,459,579.32 : -2,264,537.20 : -1,132,268.60 : 2004-14,707,440.00 26,994,572.97 42

28 1 2005 2004 2005 2004 2005 2004 172,211,484.93 222,138,931.75 164,002,254.01 204,855,812.66 8,209,230.92 17,283,119.09 193,171,241.62 195,178,741.32 157,058,936.71 161,116,527.30 36,112,304.91 34,062,214.02 52,547,856.19 50,162,101.07 --- --- 52,547,856.19 50,162,101.07-25,870,304.31-19,087,070.01-24,828,872.11-17,575,070.01-1,041,432.20-1,512,000.00 392,060,278.43 448,392,704.13 296,232,318.61 348,397,269.95 95,827,959.82 99,995,434.18 2 2005 2004 2005 2004 2005 2004 177,879,653.29 262,945,679.63 93,181,077.91 190,370,040.31 84,698,575.38 72,575,639.32 240,050,929.45 204,534,094.51 227,880,112.81 175,602,299.65 12,170,816.64 28,931,794.86-25,870,304.31-19,087,070.01-24,828,872.11-17,575,070.01-1,041,432.20-1,512,000.00 392,060,278.43 448,392,704.13 296,232,318.61 348,397,269.95 95,827,959.82 99,995,434.18 3 2005 17,603.15 44.90% 4 29 2005 2004 2005 2004 2005 2004 1,804,622.20 2,584,219.50 1,071,594.51 1,433,821.43 733,027.69 1,150,398.07 318,200.18 373,793.13 152,306.96 314,601.59 165,893.22 59,191.54 2,122,822.38 2,958,012.63 1,223,901.47 1,748,423.02 898,920.91 1,209,589.61 43

30 2005 2004 5,460,772.42 6,455,612.75 2,092,826.70 2,552,918.20 643,731.46 32,468.17 3,434.50 7,280.09 326,826.66 644,426.53 4,335,069.34 4,572,309.16 31 2005 2004-122,541.31 615,889.84 2,683,870.73 4,700,342.74 1,395,119.09 1,145,764.04-688,999.94-688,999.94 55,360.00 --- 3,322,808.57 5,772,996.68 32 2005 2004 11,562.95 --- 390,000.00 --- --- 1,126,074.00 37,527.74 144,000.00 439,090.69 1,270,074.00 33 2005 2004 18,509.50 538,216.36 600.00 --- 51,296.16 47,422.80 70,405.66 585,639.16 34 44

2005 2004 148,312.71 29,116.09 --- 6,115,878.08 1,600,000.00 --- 100,458.71 30,357.96 14,630.00 --- 231,598.03 158,725.81 2,094,999.45 6,334,077.94 2005 2004 4,239,078.49 66.92% 6,115,878.08 1,600,000.00 35 2005 4,433,942.13 2004 4,774,573.72 340,631.59 7.13% 36 2005 13,994,829.48 1 2005 12 31 2004 12 31 1 41,240,274.66 51.02% 78,796.48 46,004,238.03 53.07% 146,276.11 1-2 233,578.40 0.29% 12,728.92 15,848,692.52 18.28% 761,496.17 2-3 14,589,633.38 18.05% 74,824.29 48,000.00 0.06% 2,400.00 3 24,768,121.97 30.64% 21,738,374.88 24,785,042.03 28.59% 21,912,311.10 80,831,608.41 100.00% 21,904,724.57 86,685,972.58 100.00% 22,822,483.38 57,786,488.08 43,211,092.99 2 2004 12 31 2005 12 31 41,376,665.85 14,831,681.50 --- --- 41,376,665.85 14,831,681.50 218,254,364.50 24,318,783.15 16,597,041.94 13,872,102.26 220,979,304.18 23,958,307.01 45

259,631,030.35 39,150,464.65 16,597,041.94 13,872,102.26 262,355,970.03 38,789,988.51 1 2005 12 31 12,274,497 4.00% 14,831,681.50 3,928,195.58 24,458,231 14.00% 26,544,984.35 114,953,685.70 41,376,665.85 118,881,881.28 2 2005 12 31 100.00% 5,470,000.00-58,390.46 2,150,745.92 7,620,745.92 100.00% 6,666,132.60 923,858.91 8,578,187.80 15,244,320.40 100.00% 14,623,003.00 1,164,829.98-2,895,155.34 11,727,847.66 100.00% 1,600,400.00 41,912.73 359,388.34 1,959,788.34 100.00% 5,040,000.00-325,543.78-642,985.43 4,397,014.57 48.00% 12,000,000.00-326,842.3 2,854,032.48 14,854,032.48 75.00% 1,260,000.00-15,744.15-966,084.85 293,915.15 47.95% 40,500,000.00 4,640,218.69 1,121,257.22 41,621,257.22 63.87% 12,774,000.00 38,254.21 338,521.17 13,112,521.17 49.00% 2,450,000.00 95,853.23 392,888.48 2,842,888.48 50.00% 25,000,000.00 288,085.16 1,506,082.37 26,506,082.37 127,383,535.60 6,466,492.22 12,796,878.16 140,180,413.76 2005 12 31 100.00% 10,600.00 --- 1,441,053.84 1,451,653.84 100.00% 4,123,077.16 --- -2,345,072.55 1,778,004.61 100.00% 5,000,000.00-3,738,625.35-5,000,000.00 --- 75.00% 6,322,500.00-43,911.92-5,623,962.87 698,537.13 15,456,177.16-3,782,537.27-11,527,981.58 3,928,195.58 2005 12 31 50.00% 8,906,070.41 486,000.00 3,240,184.64 12,146,255.05 50.00% 2,040,102.73 158,408.67 659,563.14 2,699,665.87 46

50.00% 850,000.00-55,761.70 1,767,575.90 2,617,575.90 50.00% 1,529,483.67 103,964.85 1,130,024.25 2,659,507.92 40.25% 2,524,500.00 22,170.83-1,023,782.97 1,500,717.03 30.00% 532,062.50-18,000.00 2,963,793.76 3,495,856.26 35.00% 7,240,625.00-751,679.49 118,509.42 7,359,134.42 35.00% 8,228,350.00-221,251.09 1,379,929.42 9,608,279.42 31,851,194.31-276,147.93 10,235,797.56 42,086,991.87 2005 12 31 19.58% 4,230,000.00 --- --- 4,230,000.00 15.00% 2,100,000.00 --- --- 2,100,000.00 10.80% 16,800,000.00 --- --- 16,800,000.00 45.00% 5,491,288.71 --- --- 5,491,288.71 2.87% 2,600,000.00 --- --- 2,600,000.00 20.00% 160,000.00 --- --- 160,000.00 20.00% 524,000.00 --- --- 524,000.00 17.85% 1,500,414.37 --- --- 1,500,414.37 33,405,703.08 --- --- 33,405,703.08 20% 3 2004 12 31 2005 12 31 2,666,549.70 10 799,964.93 266,654.97 533,309.96 4,223,449.70 10 1,267,034.90 422,344.97 844,689.93 6,889,999.40 2,066,999.83 688,999.94 1,377,999.89 4 2004 2005 12 31 12 31 14,831,681.50 --- --- 14,831,681.50 360,476.14 --- 360,476.14 --- 2,100,000.00 --- --- 2,100,000.00, 16,800,000.00 --- --- 16,800,000.00 5,058,307.01 --- --- 5,058,307.01 47

39,150,464.65 --- 360,476.14 38,789,988.51 3 1 2005 2004 2005 2004 2005 2004 58,751,139.00 158,101,459.09 52,134,230.35 142,879,048.99 6,616,908.65 15,222,410.10 34,714,706.44 34,426,714.90 --- --- 34,714,706.44 34,426,714.90 93,465,845.44 192,528,173.99 52,134,230.35 142,879,048.99 41,331,615.09 49,649,125.00 2 2005 2004 2005 2004 2005 2004 47,318,735.08 103,894,708.23 39,620,069.80 68,766,919.35 7,698,665.28 35,127,788.88 46,147,110.36 88,633,465.76 12,514,160.55 74,112,129.64 33632949.81 14,521,336.12 93,465,845.44 192,528,173.99 52,134,230.35 142,879,048.99 41,331,615.09 49,649,125.00 3 5,342.27 57.16% 4 4 2005 2004-122,541.31 615,889.84 1,395,119.09 4,700,342.74 13,402,939.92 11,380,944.06-688,999.94-688,999.94 1,006,132.60 --- 55,360.00 --- 15,048,010.36 16,008,176.70 1 48

1 2 2004 12 31 2005 12 31 4,000,000,000.00 66.24% --- --- 4,000,000,000.00 66.24% 4,000,000.00 100.00% --- --- 4,000,000.00 100.00% 2,360,000.00 100.00% --- --- 2,360,000.00 100.00% 24,000,000.00 50.00% 1,000,000.00 --- 25,000,000.00 48.00% 5,000,000.00 49.00% --- --- 5,000,000.00 49.00% 10,000,000.00 100.00% --- --- 10,000,000.00 100.00% 1,600,000.00 100.00% --- --- 1,600,000.00 100.00% 1,680,000.00 75.00% --- --- 1,680,000.00 75.00% 50,000,000.00 50.00% --- --- 50,000,000.00 50.00% 7,200,000.00 100.00% --- --- 7,200,000.00 100.00% 20,000,000.00 63.87% --- --- 20,000,000.00 63.87% 78,000,000.00 47.95% --- --- 78,000,000.00 47.95% HKD6,670,000.00 75.00% --- --- HKD6,670,000.00 75.00% 49

3 2004 12 31 2005 12 31 223,158,442.15 66.24% 14,336,924.60 9,741,600.00 227,753,766.75 66.24% 7,679,136.38 100.00% -58,390.46 7,620,745.92 100.00% 10,014,328.89 100.00% 5,229,142.90 15,243,471.79 100.00% 15,180,874.78 50.00% 2,478,466.36 2,805,308.66 14,854,032.48 48.00% 10,563,017.68 100.00% 1,164,829.98 11,727,847.66 100.00% 1,917,875.61 100.00% 41,912.73 1,959,788.34 100.00% 309,659.30 75.00% -15,744.15 293,915.15 75.00% 26,217,997.21 50.00% 1,288,085.16 1,000,000.00 26,506,082.37 50.00% 4,722,558.35 100.00% -325,543.78 4,397,014.57 100.00% 13,074,266.96 63.87% 38,254.21 13,112,521.17 63.87% 36,981,038.53 47.95% 4,640,218.69 41,621,257.22 47.95% 2,747,035.25 49.00% 639,021.54 543,168.31 2,842,888.48 49.00% 1,778,004.61 75.00% 1,778,004.61 75.00% 4 2005 12 31 2004 12 31 1,484,035.07 1,484,035.07 2 1 50

2 ( ) 2005 2004 10,941,556.29 12,028,461.18 --- 313,503.45 35,787.22 35,983.87 18,745.04 41,653.39 --- --- 2005 12 31 2004 12 31 1,332,431.68 --- --- --- 500,000.00 500,000.00 190,000.01 380,000.01 2,674,556.36 2,674,556.36 --- 2,310,014.94 --- 1,233,232.59 15,910,226.56 18,482,726.56 51

10,000,000.00 10,000,000.00 385,000.00 305,000.00 670,000.00 700,000.00 3,500,000.00 4,000,000.00 1 2005 12 31 68,000,000.00 1-6 18 19 20 22 23 25,048.82 C-901 C-902 170.39 13 1 1,032.29 8 3 1 537.23 2 2002 9 16 630 2005 52

245,124,000 10 0.5 1 2005 2004-129,803.21 509,100.27 439,090.69 1,270,074.00 54,532.26 1,515,683.87-122,541.31 615,889.84 51,896.16 47,422.80-1,946,686.74-189,083.77 79,628.74 3,257,898.00-1,573,883.41 7,026,985.01 6,984.98 586,671.27-1,580,868.39 6,440,313.74 53