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1 2 3 2005 0097 4 2

1 ANGEL YEAST CO., LTD 2 3 24 0717-6369865 0717-6369865 E-mail zbj@angel.com.cn 24 0717-6369865 0717-6369865 E-mail gaolu@angel.com.cn 4 24 24 443003 http://www.angel.com.cn angel@angel.com.cn 5 http://www.sse.com.cn 6 A A A 600298 3

7 2000 9 4 4200001000634 420501271756344 420503271756344 1056 A-B 8 4

: : 71,187,492.48 53,668,800.37 53,580,040.95 208,725,893.62 247,473.16 83,978,512.94-4,706,891.38-8,084,129.08 70,975,148.94-7,913,060.19 : : 4,622,350.09 12,706,479.17-4,706,891.38 10,212,017.28 2,667,762.60 : : 2004 2003 (%) 2002 544,749,978.68 395,007,824.43 37.91 293,694,321.45 71,187,492.48 52,071,841.13 36.71 39,794,480.15 53,668,800.37 41,480,822.71 29.38 29,502,390.40 5

53,580,040.95 37,899,205.40 41.38 22,483,014.76 2004 2003 (%) 2002 895,155,457.42 778,961,127.18 14.92 725,881,561.06 627,013,868.55 619,270,690.89 1.25 591,192,883.06 70,975,148.94 79,159,340.40-10.34 55,175,117.59 2004 2003 (%) 2002 0.3955 0.3057 29.38 0.2174 % 8.56 6.70 27.76 4.99 8.55 6.12 39.71 3.89 % 0.5230 0.5833-10.34 0.4066 0.3948 0.2800 41 0.1657 2004 2003 (%) 2002 4.6206 4.5635 1.25 4.3566 4.5983 4.5514 1.03 4.3407 9 : : % 33.29 33.97 1.5381 1.5381 13.39 13.67 0.6189 0.6189 8.56 8.73 0.3955 0.3955 8.55 8.72 0.3948 0.3948 : : 135,700,000 376,356,138.08 29,938,245.47 9,979,415.18 29,781,307.34 619,270,690.89 0 1,569,377.29 8,302,250.47 2,767,416.83 11,441,549.9 7,743,177.66 0 135,700,000 377,925,515.37 38,240,495.94 12,746,832.01 41,222,857.24 627,013,868.55 6

1 1 (1) (2) [2004]101 145 7

1 : 1 100,700,000.00 100,700,000.00 73,000,000.00 73,000,000.00 27,700,000.00 27,700,000.00 2 3 4 100,700,000.00 100,700,000.00 1 35,000,000.00 35,000,000.00 2 3 4 35,000,000.00 35,000,000.00 135,700,000.00 135,700,000.00 2 : : A 2000-08-08 11.88 35,000,000 2000-08-18 35,000,000 8

1 20,369 7 A 20,362 2 : ( ) (%) 1 0 69,200,000 50.99 34,000,000 0 19,500,000 14.37 2 19,500,000 6,700,000 6,700,000 4.94 3-6,700,000 3,300,000 2.43 1,007,469 0.74 ( ) 0 1,000,000 0.74 605,511 0.45 3 0 500,000 0.37 0 450,000 0.33 159,317 0.12 1 2003 12 10 3400 25.05% 2003 12 10 2006 1 15 2003 12 12 2 2004 6 23 9

1950 14.37% 2004 6 23 2006 6 23 2004 6 26 3 2004 4 2004 6 2004 1 3 1 21,496 1997 9 18 " 10

2 3 53.80% 4 33,000 2000-01-25 " " 5 A B H 1,007,469 A 605,511 A 159,317 A 145,700 A 138,003 A 118,300 A 109,880 A 101,720 A 11

95,000 A 90,000 A 12

1 : / 50 2004-03-31 2007-03-31 0 0 0 38 2004-03-31 2007-03-31 0 0 0 / 38 2004-03-31 2007-03-31 0 0 0 / 37 2004-03-31 2007-03-31 0 0 0 38 2004-03-31 2007-03-31 0 0 0 41 2004-03-31 2007-03-31 0 0 0 56 2004-03-31 2007-03-31 0 0 0 40 2004-03-31 2007-03-31 0 0 0 49 2004-03-31 2007-03-31 0 0 0 54 2004-03-31 2007-03-31 0 0 0 36 2004-03-31 2007-03-31 0 0 0 34 2004-03-31 2007-03-31 0 0 0 32 2004-03-31 2007-03-31 0 0 0 35 2004-03-31 2007-03-31 0 0 0 / 40 2004-03-31 2007-03-31 0 0 0 / 41 2004-03-31 2007-03-31 0 0 0 39 2004-03-31 2007-03-31 0 0 0 38 2004-03-31 2007-03-31 0 0 0 36 2004-03-31 2007-03-31 0 0 0 13

(1) (2) (3) (4) (5) (6) (7) (8) 2003 (9) 2001 (10) 14

(11) (12) (13) (14) (15) (16) (17) (18) (19) 2 / 15

1 2 3 12 344.78 106.81 106.81 2 4 5 16

40 1 30-40 2 30 9 2004 12 31 746 1 394 243 30 22 56 441 59.11 17

1 2 3 2004 18

4 5 6 7 1 8 7 1 0 19

8 8 0 0 8 8 0 0 3 2 1 2 3 4 20

5 21

2004 2 28 2003 2004 3 31 5 92,536,200 68.19% 2003 2003 2003 2003 2003 50% 22

2004 4 1 2004 2004 10 18 9:00 4 92,500,000.00 68.17% < > 2004 10 19 23

2004 54475 37.91% 20873 39.63% 5367 29.38% 0.3955 8.56% 1 (1) 25,000 7500 30% 24

(2) : : (%) (%) 544,749,978.68 100 208,725,893.62 100 (3) : : (%) (%) 422,999,652.86 77.65 173,006,924.52 82.89 38,673,664.14 7.1 10,944,939.07 5.24 83,076,661.68 15.25 24,774,030.03 11.87 544,749,978.68 / 208,725,893.62 / (4) : : (%) (%) 438,534,303.43 80.5 182,120,833.97 87.25 106,215,675.25 19.5 26,605,059.65 12.75 544,749,978.68 100 208,725,893.62 100 2004 1-12 54475 37.91% 23,791 34.25% 10621.57 80.17% A B 5895.26 10621.57 80.17% C 25

D ( ) 2004 1-12 (5) 30% 2 : : 2,100 59.39 931 139.98 ( ) 3,300 143.05 ( ) 4,000 3 : : 96,375,127.81 36.04 42,151,767.16 7.74 4 1 2 1 2 3 4 5 26

5 5 24,000 5,150 8% 2004 12 31 5.45 23791 5366.88 8.56% 11,909.03 3,680.43 44.73 1 2000 40,078.70 40,078.70 2003 12 31 40,078.70 2003 12 31 2 : : 5000 400 83% 6000 12000 50% 6000 2980 100% 1500 17% 150.66 17030.66 : : 895,155,457.42 778,961,127.18 116,194,330.24 14.92 208,725,893.62 149,493,160.46 59,232,733.16 39.62 53,668,800.37 41,480,822.71 12,187,977.66 29.38-7,913,060.19-11,889,427.99 3,976,367.80 627,013,868.55 619,270,690.89 7,743,177.66 1.25 27

1 2 3 4 2005 70000 8% 3 1 1) 2004 2 25 9 6 3 G H I A 2003 B 2003 C 2003 28

D 2003 E F G H I J K 2003 L M 50% N 2004 O 2003 2) 2004 3 31 9 9 A B C D E F 3) 2004 4 23 29

9 7 2004 4) 2004 7 26 9 8 3 A B 5) 2004 8 16 9 8 A B 6) 2004 9 17 9 9 30

A B C D 2004 7) 2004 10 18 9 6 3 8) 2004 12 25 9 3 9 2 A 2003 2000 2003 205 2002 4.94% 243 33.11% 23000 3000 B 2003 2 31

2004 20000 C 2003 2003 13570 10 3.50 47,495,000.00 2004 4 19 2004 53,668,800.37 10% 5,534,833.64 5% 2,767,416.83 45,366,549.90 29,781,307.34 75,147,857.24 13,570 10 2.50 ( ) 33,925,000.00 2004 2000 5% 260 4.85% 274 36.73% 27000 3000 2005 023 2004 [2003]56 32

2003 12 31 2004 2004 2004 12 31 291,781.44 291,781.44 [2003]56 2005 2 18 [2003]56 [2003]56 1 [2003]56 2 50% 3 2004 8 16 2004 10 18 7000 127 87% 33

3000 65% 500 10500 127 4 [2003]56 2003 5 1 2 3 300 2004 2 26 6% 2003 9 2004 2 100 200 4 5 50 70 50 34

1 2004 2 25 4 4 1 2003 2 2003 3 2003 4 2003 5 2 2004 3 31 4 4 2004 35

2003 2003 12 31 40,078.70 2003 12 31 2004 12 36

37

2003 1 8 7000 2003 1 8 8% 2003 1 7 1 11 2003 10 2003 11 24 2004 2 3 2 17 2004 153 689 3984.72 2004 2 23 2004 12 16 1001 38

50 1490 10 99.33% 2004 12 28 2005 1 12 50 1,490 2004 12 28 1 2 3 260,000.00 12,000.00 4 : : 2004-08-16 5,000 2004-10-18 2,000 2004-10-18 127 39

2004-10-18 3,000 2004-10-18 500 10,500 10,500 10,500 10,500 10,500 50 0 70 0 50 0 2004 8 16 2004 10 18 7000 127 3000 500 10500 127 2004 8 19 2004 10 19 5500 3000 8500 5 2003 8 7000 4,306.1 2004 1 9 40

2004 2 3 2 17 2004 153 689 3984.72 2004 12 31 466.28 1,507.20 2003 1 7 2003 1 11 2003 11 24 2004 2 23 5% 2004 46 1 2004 6 23 1950 14.37% 41

2004 6 23 2006 6 23 2004 6 26 2 2004 4 20 4 25 2004 8 3 [2004]2 2004 8 19 42

2005 0097 ( )2004 12 31 2004 2004 2004 12 31 2004 2005 2 28 43

1998 3 25 [1998]34 1997 12 31 6,929.66 6920 3,150 3150 10,070 2000 7 31 2000 105 A 3,500 2000 8 3 8 18 13,570 4200001000634 24 1 44

2 1 1 12 31 3 4 5-6 7 8 (1) A, 45

B C D (2) (3) A B 10% 10% 9 (1) (2) (3) (4) 6% 46

10 (1) (2) (3) (4) (5) 11 (1) A B - C - D, A 20%( 20%) 20% 20% 20% 47

B C :, 10,, (2) A B C - A B 48

(3) 12 (1) (2) A,, B 13 (1) 2000 (2) (3) 49

- (4) ( 3%) (5) :, (6) A B C D E 14 (1) : 50

(2) A 3 B C 15 (1) 3 3 (2) (3) A B C 16 51

(1) - - (2) (3) A B C D 17, 18 52

19 (1) A B C D (2) (3) A B 20 21 (1) (1995)11 50% 50% 50% (1996)2 10% 10% (2) : 53

, 1 17% 2 3% 5% 3 : 5% 7% 3% 4 33% 33% 15% 15% 5 ( ) % 54

2100 2000 95.238 931 605.15 65 ( ) 3300 2871 87 ( ) 4000 4000 100 (1) (2) A (1996)2 10% 10% B 2004 3 1 35,657.40 33,765.36 50,131,861.38 58,046,813.61 50,167,518.78 58,080,578.97 (1) 2004 12 31 954,801.89 8.2765 7,902,417.84 492.62 11.2627 5,548.23 2004 12 31 55

2 3,196,500.00 2,567,250.00 629,250,00 3,196,500.00 2,733,500.00 463,000.00 : 3,196,500.00 2,567,250.00 629,250,00 3,196,500.00 2,733,500.00 463,000.00 26,938,975.23 15,072,049.23 28,938,975.23 10,409,200.16 30,135,475.23 15,701,299.23 32,135,475.23 2,733,500.00 10,872,200.16 (1) 2004 12 31 (2) 26,938,975.23 70,000,000.00, (3) A 2004 12 31 629,250,00 B, 2004 12 31 15,072,049.23 3 19,290,630.62 10,005,511.60 19,290,630.62 10,005,511.60 1 92.80%, 2 56

4 % % 1 43,107,075.46 86.36 40,557,019.31 85.11 1-2 1,960,733.08 3.93 5,223,118.45 10.96 2-3 4,454,893.56 8.93 1,117,754.76 2.35 3 387,944.71 0.78 757,325.31 1.58 49,910,646.81 100.00 6,172,194.99 47,655,217.83 100.00 6,078,221.90 (1) 5% 5% (2) 7,219,826.09 14.47% (3) ( ),, 3,380,378.93 5 % % 1 5,859,890.53 69.10 6,627,022.22 94.27 1-2 2,350,565.40 27.72 200,165.52 2.85 2-3 138,300.40 1.63 23,449.90 0.33 3 131,761.41 1.55 179,080.27 2.55 8,480,517.74 100.00 489,969.24 7,029,717.91 100.00 421,783.06 (1) 5% 5% 37.34% (2) 3,166,805.05 6 % % 1 29,137,836.53 96.35 10,840,394.92 93.68 1-2 403,827.13 1.34 468,303.80 4.05 57

2-3 450,048.03 1.49 177,908.91 1.54 3 248,155.90 0.82 84,616.80 0.73 30,239,867.59 100.00 11,571,224.43 100.00 (1) 5% 5% (2) 161.34%, (3) 1 1,102,031.06 7 36,456,916.10 49,116,883.98 61,253,506.68 43,387,018.67 8,858,373.92 6,537,784.85 7,035,555.96 4,780,626.37 1,517,820.73 996,502.26 40,721.87 435,928.05 115,598,823.31 104,818,816.13-8 882,738.64 2,978,018.79 2,050,191.40 1,810,566.03 882,738.64 2,978,018.79 2,050,191.40 1,810,566.03 9 58

(%) ( / / ) 2,600,000.00 7.128 2005/7/7 40,037.31 371,283.31 680,000.00 10 (1) 6,118,663.07 909,856.68 7,389,446.71-360,926.96 1,674,000.00 1,640,000.00 34,000.00 7,792,663.07 909,856.68 9,029,446.71-326,926.96 (1) 909,856.68, (2) 9,029,446.71, : A 7,447,195.03 B 577,483.16 ( ) 10 57,748.32 C 1,640,000.00, 2001 12 7, 960,000.00 680,000.00 (3) (2) -- (%) -360,926.96-360,926.96 59

577,483.16 ( ) 10 (3) (%) ( / / ) 34,000.00 755.40 1,335.10 34,000.00 34,000.00 755.40 1,335.10 34,000.00 : 11 (1) 191,451,570.08 15,638,126.25 12,312,220.21 194,777,476.12 408,405,389.22 67,355,193.33 36,647,630.40 439,112,952.15 11,066,276.47 4,918,905.53 822,049.94 15,163,132.06 51,145,013.09 1,124,108.56 845,173.85 51,423,947.80 662,068,248.86 89,036,333.67 50,627,074.40 700,477,508.13 (2) 20,997,689.64 7,040,397.98 2,328,378.96 25,709,708.66 98,076,132.01 31,214,062.18 7,359,277.48 121,930,916.71 4,055,861.65 1,261,188.65 483,247.58 4,833,802.72 15,179,666.02 3,600,955.90 401,382.28 18,379,239.64 138,309,349.32 43,116,604.71 10,572,286.30 170,853,667.73 523,758,899.54 529,623,840.40 (1) 89,036,333.67, 56,707,335.62, 12,804,925.65 60

(2) 16,322,663.01 4,022,215.83 ; 32,178,406.85 6,457,591.13 (3) 3,489,788.44 (4) 12 296,531.81 141,357.30 155,174.51 29,059,764.04 106,023.23 28,953,740.81 945,095.27 89,995.22 855,100.05 253,700.98 73,888.87 179,812.11 30,555,092.10 411,264.62 30,143,827.48 13 3,197,633.62 4,851,555.12 23,925,465.39 27,123,099.01 4,851,555.12 6000 14 ( ) 5000 400 3,332,803.02 3,332,803.02 83 6000 12000 60,191,052.05 60,191,052.05 50 6000 2980 1,530,526.66 100 61

54,059,888.90 55,590,415.56 1500 2,549,238.38 2,549,238.38 17 1,485,197.04 1,506,569.18 1,116,920.06 1,874,846.16 5,564,962.08 119,090,313.15 56,707,335.62 67,947,939.61 (1) 6000 25,720,815.72 (2) 6000 (3) 796,800.00 (4) 15 10,393,911.87 10,012,801.70 207,878.28 588,988.45 9,804,923.42 47.17 735,000.00 735,000.00 9,800.00 9,800.00 725,200.00 49.3 621,754.20 511,794.20 31,152.00 141,112.00 480,642.20 46 585,712.05 492,559.37 29,292.00 122,444.68 463,267.37 15.3 665,000.00 559,253.00 33,252.00 138,999.00 526,001.00 15.3 4,614,618.44 1,724,004.19 2,653,567.49 315,096.28 552,143.04 4,062,475.40 SAP 983,832.00 983,832.00 98,383.20 98,383.20 885,448.8 4.5 766,680.00 492,463.76 42,000.00 534,463.76 766,680.00 8,000.00 7,160.00 840.00 1,680.00 6,320.00 19,374,508.56 12,741,063.85 5,473,371.86 1,260,157.52 2,420,230.37 16,954,278.19 (1) 492,559.37 559,253.00 7,160.00 (2) ( ) 735,000.00 ; (3) 2,653,567.49 (4) SAP 62

16 26,472.00 17 3,750,000.00 25,000,000.00 5,000,000.00 25,000,000.00 8,750,000.00 18 37,996,018.70 44,511,476.08 8,447,266.40 13,100,626.43 46,443,285.10 57,612,102.51 19 % % 1 41,845,399.59 91.53 36,605,129.04 95.94 1-2 2,644,470.47 5.78 318,684.68 0.84 2-3 105,341.62 0.23 195,547.67 0.51 3 1,126,130.47 2.46 1,034,433.40 2.71 45,721,342.15 100.00 38,153,794.79 100.00 5%( 5%) 20 % % 1 9,286,415.11 91.24 6,553,366.52 89.96 63

1-2 348,068.35 3.42 425,465.49 5.84 2-3 268,185.76 2.63 164,486.07 2.26 3 275,645.77 2.71 141,029.87 1.94 10,178,314.99 100.00 7,284,347.95 100.00 (1) 5% 5% (2) 1 891,899.88 21 13,125,183.78 10,548,414.48 : 5% ;, ; 2004, 22 817,005.90 2,511,950.30 3,501.00 5,371.61 309,585.28 178,471.70-2,239,419.34-6,656,397.89 9,945.00 24,576.93 14,875.28 28,987.85 561.03-1,059,368.92-3,931,616.43 64

23 132,679.37 76,491.72 116,261.10 123,799.97 4,450.93 248,940.47 204,742.62 24 % % 1 7,522,868.97 63.98 11,217,444.46 89.05 1-2 2-3 2,962,161.83 25.19 870,815.80 6.91 800,869.08 6.81 305,819.62 2.43 3 473,181.16 4.02 203,161.24 1.61 11,759,081.04 100.00 12,597,241.12 100.00 5% 5% 25 1,080.00 271,216.67 75,000.00 25,000.00 75,000.00 297,296.67 26 4,000,000.00 65

/ / % 4,000,000.00 2002/3/29-2005/3/28 5.49 27 85,000,000.00 8,000,000.00 85,000,000.00 8,000,000.00 / / % 30,000,000.00 2004/10/19 2007/10/18 5.49 50,000,000.00 2004/08/17 2010/08/16 5.76 5,000,000.00 2004/12/21 2010/08/16 5.76 ; 28 5 21,248,962.00 6,937,455.20-4,171 229.04 2,766,226.16 8-21,248,962.00, 2000 8 3,, 5 29 66

9,821,259.90 4,241,259.90 9,821,259.90 4,241,259.90 30 (+,-) 1 : 100,700,000.00 100,700,000.00 79,700,000.00 79,700,000.00 21,000,000.00 21,000,000.00 2 ( ) 3 100,700,000.00 100,700,000.00 1 35,000,000.00 35,000,000.00 35,000,000.00 35,000,000.00 135,700,000.00 135,700,000.00 31 365,917,888.96 365,917,888.96 555,500.00 555,000.00 452,699.12 119,877.29 572,576.41 67

9,430,050.00 1,450,000.00 10,880,050.00 376,356,138.08 1,569,877.29 377,925,515.37 (1) (2) [2004]101 145 32 19,958,830.29 5,534,833.64 25,493,663.93 9,979,415.18 2,767,416.83 12,746,832.01 29,938,245.47 8,302,250.47 38,240,495.94 33 53,668,800.37 41,480,822.71 : 29,781,307.34 42,249,641.95 10% 5,534,833.64 4,302,771.54 5% 2,767,416.83 2,151,385.78 75,147,857.24 77,276,307.34 33,925,000.00 47,495,000.00 41,222,857.24 29,781,307.34 34 33,925,000.00 47,495,000.00 68

:, 13,570.00, 10 2.5 /, 33,925,000.00 35 422,999,652.86 316,013,237.26 246,589,803.34 188,894,255.47 38,673,664.14 36,446,670.75 27,454,167.84 24,224,214.00 83,076,661.68 42,547,916.42 57,634,300.96 29,037,761.15 544,749,978.68 395,007,824.43 331,678,272.14 242,156,230.62 438,534,303.43 336,055,182.21 252,893,246.29 200,841,901.27 106,215,675.25 58,952,642.22 78,785,025.85 41,314,329.35 544,749,978.68 395,007,824.43 331,678,272.14 242,156,230.62 (1) 42,151,767.16 7.74% (2) 37.91% 36 934.09 234,298.22 2,653,427.18 1,896,438.98 1,140,586.16 811,877.27 550,865.49 408,635.02 7,183.86 4,345,812.92 3,358,433.35 69

37 17,901.54 100,709.93 181,855.61 84,164.07 47,716.01 16,202.00 247,473.16 201,076.00 38 3,501,958.16 1,953,404.49-540,171.23 359,306.08 434,875.95 4,615.43 1,054,162.42 351,021.62 4,450,825.30 1,940,504.60, 39 24,214.45 23,666.66 126,515.66 4,829,099.07 10,872,200.16 40,792.71 145,086.15 57,748.32 57,748.32-4,706,891.38-10,098,160.32 (1) 2 (2) 64,459.37, (3) 57,748.32 70

40 119,763,39 119,763,39 41 4,171,229.04 4,171,229.04 176,668.88 123,277.20 21,786.02 16,462.40 252,666.15 140,913.24 4,622,350.09 4,451,881.88 4,171,229.04, 42 12,676,868.87 359,058.97 27,811.77 69,785.08 35,344.14 1,798.53 632.64 12,706,479.17 464,820.83 2633.63% 6,148,129.26 1,852,327.23 4,620,371.03 43 27,026,544.06 20,946,433.24 10,212,017.28 10,605,349.36 16,814,526.78 10,341,083.88 71

[2002]255 [2004]38 10,212,017.28 44 83,011,562.54 18,231,489.03 15,540,066.88 8,959,532.48 4,375,638.66 3,856,628.62 3,206,797.00 2,748,283.17 1,475,017.19 1,400,691.13 45 40,000,000.00 1,659,723.32 4,621,779.85 9,946,898.33 1,058,972.37 5,570,206.93 15,677,478.01 3,671,270.03 209,8447.98 72

698,667.98 1,399,779.50 1 % % 1 40,026,868.85 93.08 36,618,236.23 91.85 1-2 1,714,473.01 3.99 1,525,582.59 3.83 2-3 872,888.81 2.03 966,954.76 2.42 3 387,944.71 0.90 757,325.31 1.90 43,002,175.38 100.00 2,580,130.52 39,868,098.89 100.00 2,392,085.93 (1) 5% 5% 16.70% (2) 7,180,802.52 2 % % 1 4,797,483.94 96.38 3,570,493.53 93.25 1-2 33,303.71 0.67 125,378.52 3.27 2-3 69,255.30 1.39 7,386.00 0.19 3 77,644.00 1.56 125,847.00 3.29 4,977,686.95 100.00 298,661.22 3,829,105.05 100.00 229,746.30 (1) 5% 5% (2) 2,330,261.11 46.81% 3 (%) ( / / ) 2,600,000.00 7.128 2005/7/7 40,037.31 371,283.31 680,000.00 73

4 1 55,009,860.65 42,897,108.73 97,906,969.38 1,674,000.00 1,640,000.00 34,000.00 56,683,860.65 42,897,108.73 1,640,000.00 97,940,969.38 (1) 42,897,108.73 A 684,995.45 57,748.32 B 909,856.68 C ( ) 1,244,508.28 D 4000 ( ) (2) 10 (2) A 20,577,483.16 565,618.16 2,721,619.59 405,091.29 5,999,656.57 909,856.68 1,447,538.46 ( ) 24,716,985.12 1,244,508.28 2,399,522.15 ( ) 40,000,000.00 91,294,124.85 2,719,983.12 6,568,680.20 405,091.29 74

B -577,483.16 10-418,675.28-57,748.32-360,926.96-577,483.16 10-418,675.28-57,748.32-360,926.96 (3) A (%) ( / / ) 34,000.00 755.40 1,335.10 34,000.00 34,000.00 755.40 1,335.10 34,000.00 5 422,999,652.86 316,013,237.26 259,533,494.81 191,163,568.83 83,076,661.68 42,547,916.42 57,634,300.96 29,073,761.15 506,076,314.54 358,561,153.68 317,167,795.77 220,237,329.98 399,860,639.29 299,608,511.46 238,382,769.92 178,923,000.63 106,215,675.25 58,952,642.22 78,785,025.85 41,314,329.35 506,076,314.54 358,561,153.68 317,167,795.77 220,237,329.98 (1) 42,151,767.16 8.33% (2) 41.14%, 75

6 24,214.45 23,666.66 126,515.66-4,829,099.07 10,872,200.16 40,792.71 145,086.15 2,719,983.12 3,122,381.83 57,748.32 57,748.32-1,986,908.26-7,396,253.75 38 1 24 2 214,960,000.00 214,960,000.00 76

3 % % % % 69,200,000.00 50.99 69,200,000.00 50.99 1 260,000.00 260,000.00 12,000.00 12,000.00 2 60,000.00 60,000.00 1 43,470.30 49.5 22.5 5 1.2 : 2 2002 6 20 6365 3.5 3 77

400 2003 8 ( ) 7000 ; 3500 1 8 8%, 26,938,975.23 26,938,975.23 5,600,000.00 (1) 2005 2 28 3 8 13,570.00, 10 2.50, 33,925,000.00 (2) 2005 1 11 1490 10 78

1051 1 2 79

2004 12 31 01 1 50,167,518.78 41,971,687.60 58,080,578.97 53,861,115.59 2 14,434,176.00 14,434,176.00 21,263,275.07 21,263,275.07 3 19,290,630.62 19,290,630.62 10,005,511.60 10,005,511.60 4 43,738,451.82 40,422,044.86 41,576,995.93 37,476,012.96 5 7,990,548.50 4,679,025.73 6,607,934.85 3,599,358.75 6 30,239,867.59 24,094,166.35 11,571,224.43 9,088,825.77 7 115,598,823.31 85,338,646.05 104,818,816.13 95,965,888.49 8 1,810,566.03 1,735,144.50 882,738.64 787,435.16 9 680,000.00 680,000.00 283,950,582.65 232,645,521.71 254,807,075.62 232,047,423.39 10 97,906,969.38 6,537,338.35 55,009,860.65 10 34,000.00 34,000.00 1,674,000.00 1,674,000.00 34,000.00 97,940,969.38 8,211,338.35 56,683,860.65-360,926.96-418,675.28 11 700,477,508.13 598,345,050.94 662,068,248.86 588,922,031.88 11 170,853,667.73 153,971,763.29 138,309,349.32 121,891,020.77 529,623,840.40 444,373,287.65 523,758,899.54 467,031,011.11 12 30,143,827.48 30,143,827.48 30,555,092.10 30,555,092.10 499,480,012.92 414,229,460.17 493,203,807.44 436,475,919.01 13 27,123,099.01-4,851,555.12 4,843,111.03 14 67,947,939.61 7,111,387.56 5,564,962.08 3,108,935.42 594,551,051.54 421,340,847.73 503,620,324.64 444,427,965.46 15 16,954,278.19 14,752,847.62 12,741,063.85 12,229,269.65 16 26,472.00 16,980,750.19 14,752,847.62 12,741,063.85 12,229,269.65 895,155,457.42 766,680,186.44 778,961,127.18 745,388,519.15

2004 12 31 01 17 25,000,000.00 25,000,000.00 8,750,000.00 5,000,000.00 18 46,443,285.10 46,443,285.10 57,612,102.51 57,612,102.51 19 45,721,342.15 27,041,827.99 38,153,794.79 30,166,978.13 20 10,178,314.99 9,787,766.63 7,284,347.95 7,016,315.55 21 13,125,183.78 12,135,491.60 10,548,414.48 9,833,680.82 5,815,169.64 4,859,217.25 3,978,482.51 3,541,682.81 22-1,059,368.92-1,126,094.67-3,931,616.43-5,679,408.47 23 248,940.47 237,328.29 204,742.62 187,812.57 24 11,759,081.04 6,308,392.47 12,597,241.12 7,259,949.24 25 75,000.00 297,296.67 26 4,000,000.00 161,306,948.25 130,687,214.66 135,494,806.22 114,939,113.16 27 85,000,000.00 8,000,000.00 28 2,766,226.16 2,766,226.16 6,937,455.20 6,937,455.20 29 9,821,259.90 6,491,259.90 4,241,259.90 4,241,259.90 97,587,486.06 9,257,486.06 19,178,715.10 11,178,715.10 258,894,434.31 139,944,700.72 154,673,521.32 126,117,828.26 9,247,154.56 5,016,914.97 30 135,700,000.00 135,700,000.00 135,700,000.00 135,700,000.00 135,700,000.00 135,700,000.00 135,700,000.00 135,700,000.00 31 377,925,515.37 377,925,515.37 376,356,138.08 376,356,138.08 32 38,240,495.94 37,657,652.10 29,938,245.47 29,649,089.47 12,746,832.01 12,552,550.72 9,979,415.18 9,883,029.84 33 41,222,857.24 41,527,318.25 29,781,307.34 30,070,463.34 34 33,925,000.00 33,925,000.00 47,495,000.00 47,495,000.00 627,013,868.55 626,735,485.72 619,270,690.89 619,270,690.89 895,155,457.42 766,680,186.44 778,961,127.18 745,388,519.15

02 2004 35 544,749,978.68 506,076,314.54 395,007,824.43 358,561,153.68 35 331,678,272.14 317,167,795.77 242,156,230.62 220,237,329.98 36 4,345,812.92 3,933,613.53 3,358,433.35 3,115,174.85 208,725,893.62 184,974,905.24 149,493,160.46 135,208,648.85 37 247,473.16 281,036.41 201,076.00 194,871.42 75,276,381.39 68,712,020.52 56,562,494.37 50,831,065.04 45,267,647.15 41,390,328.80 33,128,060.48 28,943,679.21 38 4,450,825.30 3,861,135.35 1,940,504.60 1,403,352.52 83,978,512.94 71,292,456.98 58,063,177.01 54,225,423.50 39-4,706,891.38-1,986,908.26-10,098,160.32-7,396,253.75 40 - - 119,763.39 119,763.39 41 4,622,350.09 4,448,582.85 4,451,881.88 4,388,397.09 42 12,706,479.17 4,633,951.17 464,820.83 363,308.62 71,187,492.48 69,120,180.40 52,071,841.13 50,974,021.61 43 16,814,526.78 15,729,762.86 10,341,083.88 9,493,198.90 704,165.33 249,934.54 53,668,800.37 53,390,417.54 41,480,822.71 41,480,822.71

02 1 : 2004 53,668,800.37 53,390,417.54 41,480,822.71 41,480,822.71 29,781,307.34 30,070,463.34 42,249,641.95 42,306,764.04 83,450,107.71 83,460,880.88 83,730,464.66 83,787,586.75 5,534,833.64 5,339,041.75 4,302,771.54 4,148,082.27 2,767,416.83 2,669,520.88 2,151,385.78 2,074,041.14 75,147,857.24 75,452,318.25 77,276,307.34 77,565,463.34 33,925,000.00 33,925,000.00 47,495,000.00 47,495,000.00 41,222,857.24 41,527,318.25 29,781,307.34 30,070,463.34 1 2 3 ( ) 4 ( ) 5

2004 03 612,056,661.09 561,919,284.95 3,170,344.41 708,929.21 615,227,005.50 562,628,214.16 376,393,315.74 339,484,000.39 34,105,485.81 27,632,310.18 50,741,492.47 44,496,817.57 44 83,011,562.54 73,494,968.01 544,251,856.56 485,108,096.15 70,975,148.94 77,520,118.01 2,960,000.00 2,960,000.00 64,459.37 64,459.37 550,692.30 31,817.30 1,659,723.32 5,234,874.99 3,056,276.67 132,130,025.22 23,931,058.11 40,000,000.00 132,130,025.22 63,931,058.11-126,895,150.23-60,874,781.44 #REF! #REF! #REF! #REF! #REF! 200,000,000.00 115,000,000.00 5,250,000.00 2,250,000.00 #REF! 205,250,000.00 117,250,000.00 104,750,000.00 95,000,000.00 52,058,182.95 50,349,888.61 #REF! #REF! 156,808,182.95 145,349,888.61 48,441,817.05-28,099,888.61-434,875.95-434,875.95-7,913,060.19-11,889,427.99

1 53,668,800.37 53,390,417.54 704,165.33 1,063,550.47 1,158,856.25 40,287,100.52 34,970,914.12 1,312,810.72 1,208,474.72 925,276.45 947,709.34 245,662.28 #REF! 12,109,207.83 4,620,371.03 3,919,946.21 3,289,764.56 4,706,891.38 1,986,908.26-9,843,740.34 10,627,242.44-33,719,722.45-28,573,117.99-233,570.79-1,936,193.22 ( -4,171,229.04-4,171,229.04 70,975,148.94 77,520,118.01 2 3 50,167,518.78 41,971,687.60 58,080,578.97 53,861,115.59-7,913,060.19-11,889,427.99

1 2004 2003 (%) 33.29 33.97 1.5381 1.5381 13.39 13.67 0.6189 0.6189 8.56 8.73 0.3955 0.3955 8.55 8.72 0.3948 0.3948

2 01 1 : 2004 6,557,618.07 2,092,124.15 1,987,577.99 1,987,577.99 6,662,164.23 6,126,348.14 1,359,008.21 1,313,161.36 1,313,161.36 6,172,194.99 431,269.93 733,115.94 674,416.63 674,416.63 489,969.24 10,872,200.16 4,829,099.07 15,701,299.23 463,000.00 166,250.00 629,250.00 10,409,200.16 4,662,849.07 15,072,049.23 30,555,092.10 411,264.62 411,264.62 30,143,827.48 296,531.81 141,357.30 141,357.30 155,174.51 29,059,764.04 106,023.23 106,023.23 28,953,740.81 945,095.27 89,995.22 89,995.22 855,100.05 253,700.98 73,888.87 73,888.87 179,812.11