AA+ A

2011 8.5 4.5 AA+ A-1 2011 2

, 2

...5...8...8...8...13...13...14...15...15...15...16...16...16...18...21...21...31...33...37...37...47...48...54...58...58...64...64...67...79...82...87...89 3

...90...90...92...93...93...93...94...94...94...94...98...99...100...102...103...104...108 4

// 1 4.5 1 2011 2011 2011 2010 2012 5

MDI MDI MR MDI MDI MT MDI MDI TPU TPU PUMDITDIADI NHCOO 6

BASF GROUP, HUNTSMAN HUNTSMAN CORPORATION,, BAYER GROUP DOW DOW CHEMICAL COMPANY, NPU Nippon Polyurethane Industry Co.,Ltd. MDITDIHDI KUMHO MITSUI MITSUI MDI MDI MDI MITSUI BORSODCHEM BORSODCHEM 7

, 1 40% 2007-200920109 41.56%30.69%39.71%44.34% 2 8

2009 19,830.52 3 2007-200965,085.6660,043.73 75,563.3720109105,654.92 2009200825.85%20109200939.68% 20082009 146.542.5920109 2008 2009 2010 4 2007-2010933,599.7127,302.62 62,331.6456,181.80 2007-2009 1,885.833,534.694,662.33 5 2007 128,237.7120068942008 200,020.45200771,782.742009 145,437.80200854,582.6520101-9 21,724.9975,432.29 188,606.62 263,438.08 6 9

2007-200920101-939.48%30.70% 28.63%24.84%MDI MDI 1 MDI 2009MDI574/ 50/8.71%2009 MDI 24/35/ 5/ 40/2014 2009MDI109/45.87% 2 MDI 90%MDI MDI 3 4 MDI, MDI60% 10

90% 3660% 5 2008 MDI MDIMDI 200824,000/27,500/20092 12,000/16,000/ 6 MDI2010 1-9 MDI27.8%MDI 23.1%1.2 MDI36.4%8MDI27.8% 3.6%26%2.5 MDI-2MDI 30MDI500 MDI80MDI 30,60, 7 839,907,936,50.50%300,000,000 20091022 2.24 300,000,00018.04% 11

8 MDI 60TDI30 139.76 6 2011 9 MDI OHSMS 1800/ISO14001 MDI 12

12011 2 3 0 4 5 68.5RMB850,000,000.00 74.5RMB450,000,000.00 8365 9100 10100/ 11 12 13 14 15201138 16201139 17 18 195 20201239 21 AA A-1 22 23 13

24 25 1201131 22011388:3011:30 2011 3201138201139 420113911 2160401 304100040000 2011 520113912 62011310 14

2011 4.5 MDI 2009 MDI 2007 16 20 MDI MDI MDI MDI 30 MDI 2008 MDI 60 MDI 15

1998 12 16 7 7 0535-3388044 370000018020049 1,663,334,400.00 [1998]70 1998 12 16 8,000 370000018020049 2000 12 15 [2000]167 4,000 16

12,000 2000 12 25 2001 4 10 2000 2000 12,000 10 2 8 2,400 9,600 24,000 2001 6 1 2002 3 31 2001 2001 24,000 10 1 5 2,400 12,000 38,400 2002 6 21 [2002]47 2002 6 11.584862 75.42% 15.04% 2005 9.54% [2006]47 [2006]76 25% 52,621 2007 1 24 PRIME PARTNER INTERNATIONAL LIMITED 2008 2 29 2004 4 26 2003 2003 38,400 10 2 5 7,680 19,200 65,280 2004 7 22 2005 3 18 2004, 2004 65,280 10 3 19,584 84,864 2005 4 27 17

2006 4 7 2006 3 31 200661 10 1.6 2006 5 19 2005 2005 84,864 10 4 33,945.60 118,809.6 2006 6 23 2007 6 26 2006 10 4 475,238,400 1 475,238,400.00 1,663,334,400.00 2010 9 30 166,333.44 92,460 10 4.1 10 % 1 83,990.79 50.50 2 2,570.00 1.55 3 2,470.45 1.49 4 2,400.00 1.44 5 1,945.10 1.17 6 1,446.47 0.87 7 1,265.06 0.76 8 005L 1,209.85 0.73 FH002 9 1,193.04 0.72 18

10 LOF % 1,067.11 0.64 50.50% 50.42% 100% 4.2 100% 50.42% 50.50% 1 100% 50.42% 2 2001 10 29 [2000]1086 242 19

584,134,686.98 50.42 284,730,000 24.58 289,621,562.33 25 7 2009 12 1,597,510.05 767,305.98 2009 655,630.71 125,254.07 107,664.12 2010 9 2,107,067.24 807,874.23 2010 19 467,682.01 105,622.07 90,912.47 839,907,936, 50.50% 300,000,000 2009 10 22 2009 10 22 300,000,000 18.04% 1 2 3 4 20

5 MDI 80 5 6 MDI MDI 2009 12 MDI 50 / 2009 12 MDI 45.19 2008 36.3 19.67%MDI 42.67 2008 7.36 21% 2010 9 MDI 41.1 16.5 24.6. 2009 14.02 17.86% 18.7 31.55% 2009 12 966,117.86 582,511.83 2009 649,291.97 145,000.41 127,972.34 2010 9 1,133,145.16 630,728.18 2010 19 670,572.65 125,877.41 108,928.39 1 4.3 21

HSEQ 22

2 13 14 1 2 3 4 5 6 23

7 8 HR 9 ERPOA 10 11HSEQ 12 MDI 13 24

14, 1 1 1 2 3 4 5 6 7 8 9 10 11 12 42 13 30% 25

14 15 16 2 11 4 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 26

17 18 19 3 5 1 1 2 3 4 5 6 7 8 4 1 1 2 27

3 4 5 6 7 8 9 1 200 -- 28

1 2008 SAP 2 [2007]56 3 [2007]29 4 29

5 6 1 2 3 4 30

5 2 ISO9000 OHSAS18000 12 8 4 2 4.4 1 2006 2 27 31

93,600 MDI 30 2009 552,599.28 249,181.47 316,764.94 78,018.24 2010 9 30 622,089.30 229,294.44 2010 1-9 310,171.35 40,952.97 2 2003 8 8 25,000 6.5 520 2000 2009 98,991.35 22,545.33 36,184.54 2,531.02 2010 9 30 72,518.30 25,544.50 2010 1-9 29,181.37 2,999.17 3 2006 1 16 12,000 2009 29,316.93 12,730.79 2,873.85 137.51 2010 9 30 29,445.87 13,020.00 2010 1-9 2,496.21 292.21 4 2003 9 2 5 212 6,000 2009 17,311.50 12,296.71 24,100.93 3,428.21 2010 9 30 31,615.88 15,781.80 2010 1-9 9,341.24-1,025.61 1-9 -1,644.5 32

11 5 7 4.5 57 2008 3 28 2011 3 27 58 2008 3 28 2011 3 27 48 2008 3 28 2011 3 27 45 2009 8 12 2011 3 27 50 2008 3 28 2011 3 27 55 2010 4 28 2011 3 27 57 2008 3 28 2011 3 27 52 2008 3 28 2011 3 27 51 2008 3 28 2011 3 27 56 2009 8 12 2011 3 27 49 2009 8 12 2011 3 27 46 2008 3 28 2011 3 27 50 2008 3 28 2011 3 27 48 2008 3 28 2011 3 27 49 2008 3 28 2011 3 27 50 2008 3 28 2011 3 27 45 2010 4 7 2013 4 6 39 2010 4 7 2013 4 6 48 2010 4 7 2013 4 6 2008 3 28 1954 12 EMBA MDI 2008 2005 2001 2000 1999 1998 1994 33

2008 3 28 1953 8 EMBA 2008 3 28 1963 4 MDI 2008 3 28 2009 8 12 1966 1998 CIO1973-2008 2008 2009 8 12 1961 5 2010 4 28 1957 5 17 2008 3 28 1954 6 34

1959 1 2008 3 28 1958 6 2009 8 12 1955 1982 7 1988 7 1997 7 1982 2009 8 12 1962 1983 2008 2002-2008 2009 2008 3 28 1965 2005 35

2008 3 28 1961 2008 3 28 1962 MBA MDI 2008 3 28 1963 2000 2008 3 28 1961 Peter Pengtao Huo2010 4 3 1966 5 7 1993 1999 W.R. GracePharmacia & Upjohn Galt Lab Inc. // 1999 9 Onnext Co. 2002 3 2010 4 3 1972 3 31 MBA 2001 1 8 MDI 20 MDI MDI 20 40 / MDI 36

2010 4 3 1963 5 14 MBA 2009 4 1983 7 6 / 45 / 72 / 20 2010 9 2273 247 598 820 73.25% 1134 99 496 538 49.89% MDI 6 MDI 2009 MDI 50 / MDI 2009 MDI 39% MDI 37

25%, 20 MDI 2007 MDI 4.62007-2009 2007 2008 2008 % 2009 2009 250,103.98 265,337.03 6.09 216,744.30-18.31 MDI 377,022.98 359,915.42-4.54 332,935.02-7.50 MDI 147,264.81 139,532.48-5.25 97,430.05-30.17 774,391.77 764,784.93-1.24 647,109.38-15.39 4.7 2007-2009 2007 2008 2008 2009 2009 % 123,621.41 144,646.68 17.01 126,957.96-12.23 MDI 223,667.38 251,645.93 12.51 245,766.23-2.34 MDI 114,294.51 128,161.40 12.13 86,026.20-32.88 461,583.30 524,454.02 13.63 458,750.39-12.53 2007 % 4.8 2007-2009 2008 % 2008 % 2009 % 2009 % 36.75 35.66 1.08 29.92 6.39 MDI 26.85 20.26 6.59 14.68 6.23 MDI 8.56-1.67 10.24 0.20 1.22 38

4.9 2007-2009 % 2007 2008 2009 MDI 32.30 26.78 34.69 27.57 33.49 27.67 MDI 48.69 48.47 47.06 47.98 51.45 53.58 19.01 24.75 18.25 24.45 15.06 18.75 100.00 100.00 100.00 100.00 100.00 100.00 4.10 2010 1-9 % % % % % MDI 192,253.18 123,681.79 26.39 23.34% 37.38% 3.79 MDI 355,336.45 276,488.82 13.13 48.38% 58.60% 1.61 122,983.02 101,988.52 7.94 75.45% 67.18% 7.03 670,572.65 502,159.13 2007-2009 77.44 76.48 64.71 2008 MDI 2009 2009 2009 2008 15.39% 2010 1-9 67.06 2009 44%MDI 2010 1-9 MDI 2007-2009 46.16 52.45 45.88 2008 2007 13.63% 2008 MDI 2009 2008 2007 2009 39

MDI MDI 2010 1-9 50.22 2009 54% MDI MDI 2010 1-9 2009 2007-2009 MDI 2008 MDI 2009 2008 2010 1-9 2009 2009 30 MDI 35% MDI 50% 15% MDI MDI MDI MDI MDI 1 2007 30 2007 MDI 33.55 2006 25.2 33%MDI 33.74 2006 9.20 38% 2008 MDI 2008 12 50 36.3 12.07 24.23 8.19% 2009 MDI 45.19 2008 36.3 19.67%MDI 42.67 2008 7.36 21% 2010 9 MDI 41.1 16.5 24.6. 2009 14.02 40

17.86% 18.7 31.55% MDI 30 2008 2010 11 MDI 40% MDI MDI 2 2007 78.04 2006 57.24% 23.61 2006 82.32% 46.52 2006 46.43% 2008 77.04 2007 1.58% 16.53 2007 29.98% 52.94 2007 13.47% 2009 64.93 2008 15.72% 11.39 2008 33.08% 46.07 2008 12.98% 2010 1-9 67.06 2009 44.08% 10.72 2009 28.11% 10.17 2009 18% 3 12007 2007 MDI MDI 33.6% MDI 86% 22008 2008 MDI 2008 MDI MDI 34.4% 23,300 32009 2009 MDI 15.72% 41

21% MDI 51,448 68% 2009 9.35 17.87% 2009 4.112009 AJ 14,595.30 2.78 AK 12,393.57 2.36 AL 10,687.03 2.04 AM 10,205.86 1.95 AN 9,687.28 1.85 57,569.04 10.98 42010 1-9 2010 1-9 MDI 40.42 8.1 20% MDI 4.1220072009 2010 1-9 / 2007 2008 2009 2010 1~9 124,121 145,181 171,727 142,600 124,656 142,125 165,604 141,857 20,740 19,811 13,652 14,577 211,342 217,771 280,185 262,755 MDI 213,127 216,784 279,631 261,734 18,334 16,140 11,106 12,839 4 MDI 1 MDI 0.70.8 42

MDI 65% 90%10% 2009 10 11,000 / 2010 7,000 / MDI 10,000 / 75%25% 2009 36 3 36 80% 60% 4.1320072009 2010 1-9 / 2007 2008 2009 2010 1~9 5 256,071 268,985 337,805 306,757 9,889 9,895 6,836 9,086 34,716 36,186 44,865 41,267 2,178 4,068 2,077 3,097 55,342 57,026 70,702 65,033 2,543 2,618 1,737 2,122 121,304 127,421 157,981 145,315 819 867 976 953 1 30 MDI 43

30 MDI MDI 2002 MDI 20022 2007 MDI 20072508 2007 MDI 2007223 16 / MDI 30 / MDI 29.48 2008 2010 2008 3.4 2009 18.88 2010 7.2 2 MDI 2009 20093057 2009 MDI 2009365 2009 MDI 200910 MDI 60 TDI 30 139.76 121.48 7.13 11.15 6 2011 4.14 2011 2012 2013 2014 2015 2016 1,397,627 310,557 386,386 589,180 91,656 9,924 9,924 44

OHSMS 1800/ISO14001 2006 2007 2009 12 2009 11 5 2009 6 25 08 2010 48 2008 MDI 21% 35 6 20% MDI MDI 2008 16 ADI ADI MDI 40 / 50 / 45

2008 2008 15% 2007 2008 11 2009 2 2009 11 12 2009 4 9 2009 2009 2006 2007 224 2007 2007CCTV 2008 SAP 2009 SAP QHSE 103 2009 SAP SAP BI 46

MDI MDI 30 MDI 40 /10 Nm3/ 24 /36 /15 / 12 / MDI 2010 6 2010 MDI MDI 60 / MDI30 / TDI 30 /24 /54 / 18 /48 /36 /48 / 15.2 /7 / 3 410 /2 2.5 132 2013 MDI 120 MDI MDI TDI ADI 47

MDI MDI MDI MDI MDI 30 MDI 8% 1 MDI 1 1990 MDI 135.1 1998 241 2009 574 1990 2009 MDI 3.93 7.91%MDI 85% 40% 25% 35% 2 MDI MDI 7% MDI MDI 5%-8% MDI 10% MDI 2007 397 2006 368 7.9%2008 399 0.50%2009 48

NDI 408 2008 MDI MDI MDI MDI 37.2% MDI 17.2% MDI 2003 8.5% MDI MDI 10%12% TPU MDI 10 5% MDI MDI 160 MDI MDI MDI 1/8 1/30 MDI MDI MDI 10 MDI 5%8% 3 MDI 30 10 MDI 7% GDP 2-3 20 MDI 4.1520012009 MDI 49

2001 2002 2003 2004 2005 2006 2007 2008 2009 248.9 254.7 270 320 331 368 397 399 408 285.5 298.5 300 345 349 395 448 531.5 560 249.1 260.4 261.7 323 337 369 404 401 410 2 MDI 1 MDI MDI 2007 40 2008 2008 50 2009 65 MDI 1989 3.5 2008 83 2006 8 24 / MDI 35 MDI 2008 10 MDI 5 MDI 4.16 MDI 50 2302010 24 35 5 114 2 402013 MDI MDI MDI MDI MDI MDI 50

PU MDI 80% PU MDI 50% 3 48, 4.172001 2009 MDI 2001 2002 2003 2004 2005 2006 2007 2008 2009 21.3 25 32.4 46.7 46.8 63.3 74 83 91 4 7.935 10 10 12 24 32 50.8 55.6 18 17 22.4 36.7 34.8 41 45.7 39.6 36.3 4 2007 MDI MDI 2008 60 MDI 2009 4 2010 MDI 2010 6 MDI 17500 / MDI MDI 4.182006-2010 MDI 51

5 7%8% GDP 1.52 MDI 12%15% MDI MDI 4.19 3 MDI 2010 2011 2012 2013 MDI 104110 117126 131145 146167 92 115 147 147 1218 211-16-2-120 52

35 / MDI 2008 10 30 MDI 2010 40 / MDI 2013 80% MDI 2010 MDI MDI 5 MDI MDI MDI MDI MDI MDI MDI MDI MDI MDI 6 MDI MDI 65% MDI 2007 116.6 2008 138 2009 160 2009 100 2010 MDI 2008 10,400 / 15,900 / 2009 2 5800 / 2008 63% MDI 2009 10 11000 / 53

2010 1 7300 /2010 2010 1-5 2010 5 9500 / 2010 MDI 20 2009 MDI 39% MDI 25% NPU MDI MDI NPU MDI 4.202009-2011 MDI 2009 MDI 2010 MDI 2011 MDI BAYER 145 145 145 BASF 102.60 102.60 102.60 DOW 94 94 94 HUNTSMAN 88 88 88 50 65 80 NPU 33 33 33 512.60 527.60 542.60 2010 2011 2009 MDI 574 512.60 90% 54

2009 2008 2009 30 MDI MDI 1 MDI MDI TPU 60 80 ISO9000ISO14000OHSMS18000 MDI MDI MDI 2005 11 23 24 / MDI 2007 MDI 20072009 3.22 2.34 2.36 4.12%3.04% 3.63% MDI 50% 2 55

MDI 1.57 8 MDI 0.20 20062007 15%2008 39,811 2008 15% 20072009 0.91 1.67 2.06 2002 MDI MDI MDI 3 MDI 2007~2009 30NPU 2007 13,293 2008 23300 2009 19830 2009 21.91% 56

4 10 2006 MDI MDI 2008 MDI 50 2007 20072508 30 / MDI 40 / 2010 6 12 MDI 80 5 MDI MDI 15 5 45 4000 300 57

2007 2008 2009 2010 2007 2008 2009 08 P0035 09 P0055 10 P0464 2010 2007 2008 2009 2010 2006 20072009 2010 2007 2009 1 5.1 20072009 2007 2008 2009 137,011.97 93,746.81 127,160.25 98,634.85 117,742.60 87,169.94 5,933.40 5,933.40 0.00 0.00 5,720.37 306.76 107,212.07 99,086.84 94,622.35 81,212.09 76,921.18 72,842.14 33,599.71 29,426.12 27,302.62 15,284.90 32,331.64 16,435.45 3,054.58 30,275.64 3,531.06 27,490.68 2,357.75 19,231.23 54,330.92 11,379.72 70,305.17 31,538.42 65,461.86 94,820.24 0.00 54.34 501.62 0.00 0.00 0.00 65,085.66 20,483.97 60,043.73 19,779.36 75,563.37 25,633.71 406,228.31 290,386.83 383,466.79 273,940.29 376,098.77 316,439.47 3,470.00 78,633.57 18,533.93 99,305.69 19,882.58 117,525.55 316,826.96 51,419.72 327,079.50 77,852.34 317,148.83 73,793.07 1,071.46 808.77 2,033.74 1,555.30 6,847.92 574.57 13,795.00 2,189.70 37,654.01 382.16 228,463.56 4,304.77 58

2007 2008 2009 13,079.45 120.96 14,384.07 2,020.35 13,684.01 1,974.18 4,965.75 2,254.91 3,120.22 1,605.14 3,992.19 2,443.58 353,208.62 135,427.63 402,805.47 182,720.97 590,019.09 200,615.72 759,436.93 425,814.46 786,272.27 456,661.27 966,117.86 517,055.20 110,834.02 48,940.82 83,908.71 28,329.42 212,683.75 17,753.32 4,296.50 0.00 767.52 0.00 13,650.24 67,000.00 25,262.30 4,273.92 17,936.90 12,673.65 48,295.28 9,349.85 13,919.36 12,935.55 6,659.54 6,251.05 13,954.69 12,778.30 9,853.70 7,544.73 5,208.16 4,800.05 5,798.23 5,092.52 33,387.06 21,971.39 1,985.16 7,151.84-7,051.29 104.11 927.76 493.46 408.83 29.11 238.65 19.72 3,352.86 2,208.65 2,256.73 1,200.29 3,607.10 1,654.36 40,324.36 0.00 43,187.26 0.00 12,535.25 0.00 13,100.78 12,656.88 36,146.62 20,811.36 16,373.36 14,327.66 255,258.69 111,025.40 198,465.43 81,246.76 320,085.36 128,079.85 29,948.86 0.00 41,248.57 0.00 62,066.12 0.00 28,332.50 5,375.70 1,352.73 1,352.73 1,217.45 1,217.45 290.15 12.69 264.11 0.00 237.09 0.00 60,330.55 5,388.39 42,865.41 1,352.73 63,520.66 1,217.45 315,589.24 116,413.79 241,330.84 82,599.49 383,606.03 129,297.31 166,333.44 166,333.44 166,333.44 166,333.44 166,333.44 166,333.44 3,878.58 10,142.57 4,783.64 10,142.57 4,783.64 10,142.57 62,162.84 62,162.84 81,842.01 81,842.01 96,371.43 96,371.43 159,962.56 70,761.83 228,634.09 115,743.76 237,575.80 114,910.45 64.16 0.00 152.52 0.00 59.36 0.00 392,401.57 0.00 481,745.69 0.00 505,123.67 0.00 51,446.11 0.00 63,195.73 0.00 77,388.16 0.00 443,847.68 309,400.68 544,941.42 374,061.78 582,511.83 387,757.89 759,436.93 425,814.46 786,272.27 456,661.27 966,117.86 517,055.20 2 5.220072009 2007 2008 2009 780,358.36 667,563.35 770,439.30 638,790.00 649,291.97 524,400.76 780,358.36 667,563.35 770,439.30 638,790.00 649,291.97 524,400.76 544,277.14 557,128.95 605,517.32 562,579.03 538,238.46 476,592.36 465,170.39 509,851.10 529,419.68 530,029.59 460,676.59 439,530.30 6,665.29 3,329.36 4,855.14 1,856.27 2,750.33 1,826.53 22,351.66 15,268.52 20,714.10 12,451.01 23,522.50 12,275.42 59

2007 2008 2009 57,119.35 26,378.44 45,418.70 21,972.36 44,966.78 22,201.21 5,371.33 1,878.19 5,084.35 509.34 5,352.38 564.20 1,988.11 423.34 25.35-351.85 969.88 194.71-436.53-436.53-84.62-84.62 552.44-3.73 14,825.53 17,716.54 491.42 52,284.21 2,302.97 49,069.47 236,081.23 127,714.40 165,328.78 124,522.88 113,908.92 96,874.13 12,833.64 41.94 38,378.12 14,437.51 32,245.06 7,451.38 693.62 104.42 1,141.12 984.76 1,153.57 1,010.75 248,221.24 127,651.92 202,565.79 137,975.63 145,000.41 103,314.76 78,535.20 37,563.94 26,756.19 10,085.69 17,028.07 6.451.93 169,686.04 90,087.98 175,809.60 127,889.94 127.972.34 96.862.83 3 5.320072009 2007 2008 2009 879,185.51 693,864.49 952,717.81 754,699.56 795,996.56 607,280.44 21,621.07 12,006.88 46,166.44 23,481.77 4,526.77 0.00 10,265.78 1,023.87 18,773.52 5,564.94 15,559.80 3,225.41 911,072.35 706,895.24 1,017,657.7 783,746.27 816,083.13 610,505.85 7 574,273.59 583,745.13 634,756.54 562,030.53 561,896.25 522,978.64 29,049.41 15,436.61 27,900.11 13,775.71 27,207.45 13,259.89 119,677.41 54,094.62 96,992.19 37,577.48 32,460.73 20,483.41 59,834.24 32,110.13 57,988.48 28,472.52 49,080.89 24,530.65 782,834.65 685,386.49 817,637.32 641,856.24 670,645.33 581,252.59 128,237.71 21,508.76 200,020.45 141,890.03 145,437.80 29,253.26 28,559.24 5,627.94 6,741.23 4,066.84 30,401.36 30,058.44 200.00 14,419.10 245.60 299.95 1,703.68 36,192.17 2,058.50 0.68 529.63 105.58 2,047.15 99.41 0.00 49,298.16 23,452.93 0.00 0.00 0.00 30,818.42 69,345.88 30,969.39 4,472.37 34,152.20 66,350.01 52,993.83 6,091.03 101,386.24 23,777.01 175,807.35 8,586.54 13,755.47 4,648.10 16,175.64 20,491.58 35,569.30 35,468.93 0.00 0.00 6,000.00 10,000.00 0.00 0.00 60

2007 2008 2009 67,502.80 10,739.13 123,561.88 54,268.60 211,376.65 44,055.46-36,684.38 58,606.75-92,592.49-49,796.23-177,224.46 22,294.55 0.00 0.00 5,508.00 0.00 4900.00 0.00 0.00 0.00 5,508.00 0.00 4,900.00 0.00 183,570.65 44,273.12 151,300.72 16,918.86 265,945.35 17,086.60 183,570.65 44,273.12 156,808.72 16,918.86 270,845.35 17,086.60 128,488.70 27,975.86 175,290.86 34,487.59 146,994.86 27,783.04 28,851.64 14,844.04 97,920.58 69,572.40 102,103.71 84,174.48 3,000.00 0.00 0.00 0.00 82,700.00 29,700.00 160,340.34 42,819.90 273,211.44 104,059.99 331,798.58 141,657.52 23,230.31 1,453.22-116,402.72-87,141.14-60,953.23-124,570.92-604.65-135.13-876.96-64.62 222.23-141.81 114,178.98 81,433.61-9,851.72 4,888.04-92,517.65-73,164.91 22,832.99 12,313.20 137,011.97 93,746.81 127,160.25 98,634.85 137,011.97 93,746.81 127,160.25 98,634.85 34,642.60 25,469.94 2010 1 5.4 2010 9 2010930 66,830.34 1659,208.41 4,165.00 331.49 125,370.06 119,335.79 56,,181.80 35,733.00 17,979.63 32,948.44 56,293.63 120,691.66 105,654.92 23,616.48 43,247.54 391,865.27 15,418.00 0.00 18,500.39 127,949.22 300,710.30 68,520.66 3,878.12 1,063.16. 344,634.84 9,463.76 14,756.32 2,523.49 58.16 0.00 61

2010930 2,714.08 1,475.49 700,669.78 210,995.34 1,133,145.16 602,860.61 226,970.05 30,825.06 21,789.13 70,000.00 60,584.39 11,836.31 13,543.03 33,613.27 2,495.62 2,052.91-12,382.34 1,488.17 1,465.37 211.67 3,200.78 1,877.50 6,847.97 0.00 5,885.36 5,885.36 330,399.36 157,790.26 169,797.66 0.00 1,217.45 1,217.45 1,002.52 3.76 172,017.63 1,221.21 502,416.98 159,011.47 166,333.44 166,333.44 9,226.39 10,142.57 96,371.43 96,371.43 284,543.27 171,001.70 447.28 0.00 556,989.76 0.00 73,738.42 0.00 630,728.18 443,84.91 1,133,145.16 602,860.61 2 5.520109 2010930 670,572.65 539,969.51 670,572.65 0.00 563,263.53 457,281.93 502,159.13 0.00 1,829.93 1,678.03 20,167.43 10,889.70 34,971.88 14,409.33 62

2010930 1,466.97-972.86 1,474.59 45.83 107,164.26 101,795.72 18,804.67 13,535.65 91.53 22.59 30.88 3.15 125,877.41 115,308.78 16,949.02 9,317.50 108,928.39 105,991.28 3 5.620109 2010930 735,282.78 602,091.90 7,643.27 1,537.55 12,140.04 8,459.93 755,066.09 612,089.38 642,099.16 488,834.12 23,899.38 11,833.50 25,747.93 15,495.95 41,594.62 18,022.91 733,341.10 534,186.48 21,724.99 77,902.90 3,152.07 1,650.16 1,237.35 446.90 1,149.68 43.91 5,539.10 2,140.97 97,704.33 11,794.42 26,551.55 26,717.57 124,255.88 38,511.99-118,716.79-36,371.02 274,891.07 37,433.92 82,700.00 29,700.00 63

2010930 357,591.07 67,133.92 156,895.05 23,744.30 70,751.45 50,699.29 227,646.50 74,443.59 129,944.57-7,309.67-765.03-483.74 32,187.74 33,738.47 2007 1 1 2008 1 1 2008 1 1 1 64

2 1 2007 2007 2006 2 2007 6 120,000,000.00 2006 12 1,022.85 1,035, 51% 40,350,000.00 2 2008 2008 2007 2 ---2008 4 1002008 7 2008 8 20 2008 1,384,760.00 2008 7,500 51% 80% 3 2009 2009 1 2009 9 65

4 2010 9 30 50,000,000.00 2010 9 30 4,059 4,000 8,059 50.36875% 5.7 2010 9 30 % 5 250,000,000.00 60,000,000.00 120,000,000.00 936,000,000.00 56,215,720.00 2,011,120.00 538,192.00 1,575,840.00 51.00 100 100 74.50 100 100 100 100 66

358 7 120,000,000.00 1,384,760.00 50,000,000.00 98,857,500.00 2,000,000.00 100 100 80 80 100 160,000,000.00 50.37% 5.8 2007 2009 2010 9 2007 2008 2009 2010 9 759,436.93 786,272.27 966,117.86 1,133,145.16 406,228.31 383,466.79 376,098.77 432,475.38 315,589.24 241,330.84 383,606.03 502,416.98 255,258.69 198,465.43 320,085.36 330,399.36 443,847.68 544,941.42 582,511.83 630,728.18 41.56 30.69 39.71 44.34 780,358.36 770,439.30 649,291.97 670,572,65 248,221.24 202,565.79 145,000.41 125,877.41 169,686.04 175,809.60 127,972.34 108,928.39 67

2007 2008 2009 2010 9 38.23 32.26 21.97 16.24 128,237.71 200,020.45 145,437.80 21,724.99 2007 2008 2009 2010 1 5.9 2007 2009 2010 9 % 2007 2008 2009 2010 9 137,011.97 18.04 127,160.25 16.17 117,742.60 12.19 66,830.34 0.37 5,933.40 0.78 0.00 0.00 5,720.37 0.59 4,165.00 0.37 107,212.07 14.12 94,622.35 12.03 76,921.18 7.96 125,370.06 11.06 33,599.71 4.42 27,302.62 3.47 32,331.64 3.35 56,181.80 4.96 3,054.58 0.40 3,531.06 0.45 2,357.75 0.24 17,979.63 1.59 54,330.92 7.15 70,305.17 8.94 65,461.86 6.78 56,293.63 4.97 65,085.66 8.57 60,043.73 7.64 75,563.37 7.82 105,654.92 9.32 406,228.31 53.49 383,466.79 48.77 376,098.77 38.93 432,475.38 38.16 0.00 0.00 0.00 0.00 0.00 0.00 15,418.00 1.36 3,470.00 0.46 18,533.93 2.36 19,882.58 2.06 18,500.39 1.63 316,826.96 41.72 327,079.50 41.60 317,148.83 32.83 300,710.30 26.54 13,795.00 1.82 37,654.01 4.79 228,463.56 23.65 344,634.84 30.41 19,116.66 2.52 19,538.03 2.48 24,524.12 2.54 0.00 0.00 353,208.62 46.51 402,805.47 51.23 590,019.09 61.07 700,669.78 61.84 759,436.93 100.00 786,272.27 100.00 966,117.86 100.00 1,133,145.16 100 2007-2009 8.35 1 2008 12.72 33.16% 16.17 %, 2009 11.77 31.31% 12.87% 2010 9 6.68 68

2008 0 2010 9 30 41,649,985.14 27.19% 5.10 2010 9 30 2010 1. 0.00 0.00 2. 4,164.99 5,720.37 3. 0.00 0.00 4. 0.00 0.00 5. 0.00 0.00 4,164.99 5,720.37 2007 2009 10.72 9.46 7.69 2007 2008 12 31 9.46 2007 2009 12 31 7.69 2008 2010 9 12.54 63.07% 2009 12 31 3.23 2008 2.73 69

5.11: 2009 12 31 2008 12 31 % % 1 31,373.54 97.04 26,294.04 96.31 1 2 511.20 1.58 625.38 2.29 2 3 109.24 0.34 377.84 1.38 3 337.66 1.04 5.35 0.02 32,331.64 100 27,302.62 100 2008 2009 1 96% 2010 9 30 5.62 2009 2.40 73.77% 5.12: 2010 9 30 5 1 100975 2,401.53 56,181.80 4.3% 2 100647 2,374.99 56,181.80 4.2% 3 100458 1,390.70 56,181.80 2.5% 4 101043 1,011.33 56,181.80 1.8% 5 102383 834.11 56,181.80 1.5% 8,012.67 56,181.80 14.3% 2007 2009 5.43 7.03 6.55 2008 2009 2007 2010 9 30 5.63 1 94.90% 5.13: 70

2010 9 30 % 1 40,544.58 94.90 1 2 2,057.02 4.82 2 3 120.00 0.28 3 0.00 0.00 42,721.61 100.00 2007 2010 9 6.51 6.00 7.56 10.72 2008 12 31 6.00 2007 0.51 2007 5.14 2009 12 31 2010 9 30 29,119.96 44,244.45 13,102.06 21,978.70 33,341.34 40,961.39 75,563.37 107,184.54 2009 12 31 7.56 2.91 38.49% 1.31 17.33% 3.33 44.05%2009 2008 26% 2010 9 30 10.57 2009 39.82% MDI 2010 2 2007 2009 2010 9 35.32 40.28 59.00 67.76 2010 9 61.83 71

2010 9 15,418.00 2010 3 9 000978 1300 3.61% 2009 12 31 31.71 2008 1 2010 9 30 30.07 1.64 5.15 2009 12 31 % 2010 9 30 % 102,086.32 32.19 99,734.59 32.76 211,051.15 66.55 200,539.04 65.87 1,181.89 0.37 1,512.58 0.49 2,829.46 0.89 2,649.70 0.87 317,148.83 100.00 304,435.92 100.00 2007 2010 6 1.38 3.77 22.85 32.01 2008 2007 2.39 173.19% MDI 2009 2008 506.10% 2010 9 11.62 50.85% 2 5.16 2007 2009 2010 9 % 2007 2008 2009 2010 9 110,834.02 35.12 83,908.71 34.77 212,683.75 55.44 226,970.00 45.18 4,296.50 1.36 767.52 0.32 13,650.24 3.56 21,789.13 4.34 25,262.30 8.00 17,936.90 7.43 48,295.28 12.59 60,584.39 12.06 13,919.36 4.41 6,659.54 2.76 13,954.69 3.64 13,543.03 2.70 72

2007 2008 2009 2010 9 9,853.70 3.12 5,208.16 2.16 5,798.23 1.51 2,495.62 0.50 33,387.06 10.58 1,985.16 0.82-7,051.29 0.00-12,382.34 0.00 3,352.86 1.06 2,256.73 0.94 3,607.10 0.94 3,200.78 0.64 40,324.36 12.78 43,187.26 17.90 12,535.25 3.27 6,847.97 1.36 255,258.69 80.88 198,465.43 82.24 320,085.36 83.44 330,399.36 65.76 29,948.86 9.49 41,248.57 17.09 62,066.12 16.18 169,797.66 33.80 28,332.50 8.98 1,352.73 0.56 1,217.45 0.32 1,217.45 0.24 60,330.55 19.12 42,865.41 17.76 63,520.66 16.56 172,017.63 34.24 315,589.24 100.00 241,330.84 100.00 383,606.03 100.00 502,416.98 100 2008 2007 7.43 2007 31,401.90 2008 15% 2007 26,979.77 2.2 2009 2008 14.23 2010 9 2009 11.88 1 2009 21.27 55.44% 2008 20.67% 153.47% 40 50 2010 9 22.70 45.18% 2009 6.72% 2009 4.83 2008 169.25% 73

2010 9 30 6.06 2009 1.23 25.45% 2009 1.40 2008 0.73 109.55% 2009 9 30 1.35 2009 2007 2009 2010 9 30 2009-0.71 2008 0.91 2010 9-1.24 2009 0.53 2 2009 6.21 2008 2.09 50.47% 2009 9 30 17.00 2009 10.77 173.57% MDI 23 3 5.17 2007 2009 2010 9 % 2007 2008 2009 2010 9 780,358.36 770,439.30-1.27 649,291.97-15.72 670,572.65 465,170.39 529,419.68 13.81 460,676.59-12.98 502,159.13 6,665.29 4,855.14-27.16 2,750.33-43.35 1,829.93 22,351.66 20,714.10-7.33 23,522.50 13.56 20,167.43 57,119.35 45,418.70-20.48 44,966.78-1.00 34,971.88 5,371.33 5,084.35-5.34 5,352.38 5.27 1,466.99 1,988.11 25.35-987.25 969.88 3725.96 2,668.17-436.53-84.62-806.15 552.44 752.85-1,619.44 14,825.53 491.42-96.69 2,302.97 368.64 1,474.59 74

2007 2008 2009 2010 9 236,081.23 165,328.78 29.97 113,908.92-31.10 107,164.26 12,833.64 38,378.12 199.04 32,245.06-15.98 18,804.67 693.62 1,141.12 64.52 1,153.57 1.09 91,530.00 248,221.24 202,565.79-18.39 145,000.41-28.42 125,877.41 78,535.20 26,756.19-65.93 17,028.07-36.36 16,949.02 169,686.04 175,809.60 3.61 127,972.34-27.21 108,928.39 20072009 78.04 77.04 64.93 2008 MDI 2009 2010 1-9 67.06 2009 20.52 44.09% 2010 2009 2007 2009 46.52 52.94 46.07 2008 2007 13.80% 2008 2009 2008 12.98% 2008 MDI 2010 1-9 50.22 2009 17.68 54.33% MDI 2010 2009 20072009 2010 9 14,825.53 491.42 2,302.97 1,474.59 5.18 2007 2009 2010 9 2007 2008 2009 2010 1-9 5,933.40 0.00 5,720.37 4,165.00 14,825.53 491.42 2,302.97 1,474.59 248,221.24 202,565.79 145,000.41 125,877.41 5.97% 0.24% 1.58% 1.17% 75

2007 5933.40 2007 2009 2007 2008 2009 2007 2008 2009 2010 20072009 24.82 20.26 14.50 16.97 17.58 12.80 2009 2008 5.76 28.43%2009 2008 4.78 27.19% 20072009 2010 1-9 7.99 2009 2010 MDI 4 5.19 2007 2009 2010 1-9 % 2007 2008 2009 2010 1-9 911,072.35 1,017,657.77 11.70 816,083.13-19.81 755,066.92 782,834.65 817,637.32 4.45 670,645.33-17.98 733,341.10 128,237.71 200,020.45 55.98 145,437.80-27.29 21,724.99 30,818.42 3,0969.39 0.49 34,152.20 10.28 5,539.10 67,502.80 123,561.88 83.05 211,376.65 71.07 124,255.88-36,684.38-92,592.49 152.40-177,224.46 91.40-118,716.79 183,570.65 156,808.72-14.58 270,845.35 72.72 357,591.07 160,340.34 273,211.44 70.39 331,798.58 21.44 227,646.50 23,230.31-116,402.72-601.08-60,953.23-47.64 129,944.57 114,178.98-9,851.72-108.63-92,517.65 839.10 32,187.74 2007 2009 9.11 10.18 76

8.16 2008 2007 11.75% 2007 2007 2008 10.18 2008 2008 2009 2008 19.81 2007 2009 78.28 81.76 67.06 2007 2009 12.82 20.00 14.54 2008 2007 7.18 55.98% 2007 2007 2009 2008 27.29% 2010 1-9 21,724.99 2009 97,157.28 77.67% 2010 70% 2010 9 2010 9 125,370.06 62.99% 2007 2009-3.66-9.26-17.72 2008 5.60 152.40% 2009 2008 8.46 91.40% 2010 1-9 5,539.10 2.86 2007 2009 2.32-11.64-6.10 2008 13.96 601.08% 2009 5.54 47.64% 8.27 1 5.202007200920109 % 2007 2008 2009 2010 9 159.14 193.22 117.50 130.89 133.65 162.96 93.89 98.92 77

2007 2008 2009 2010 9 EBITDA 51.58 45.91 33.50 11.97 7.29 9.83 15.18 40.57 30.69 39.71 44.34 41.56 30.69 39.71 44.34 41.56% 30.69%39.71% 44.34% 2009 65.70 2009 159.14193.22117.50 124.48 102.60 133.65162.9693.89 87.10 72.50 EBITDA 51.5845.91 33.50 2 5.212007200920101-9 % 2007 2008 2009 2010 19 39.48 30.70 28.63 24.84 21.74 19.60 19.71 16.24 49.72 32.48 24.37 19.12 39.52 26.86 17.16 12.13 80 MDI MDI 2009 2009 28.63% 2007-2008 5.90 5.30 78

3 5.22 20072009 2007 2008 2009 8.35 8.46 6.79 24.79 25.30 21.78 2.67 1.95 1.71 1.22 1.00 0.74 % 16.43 25.96 22.40 2007 2009 1.221.00 0.74 0.60 2.671.95 1.71 2009 1.80 24.7925.30 21.78 7.60 8.358.46 6.79 8.50 2008 2007 2009 2008 2009 2008 MDI 2009 28.73 21.27 1.25 6.21 2010 40.36 22.7 0.68 16.98 1 2009 21.27 74.03% 1.25 4.35% 6.21 21.62 2010 22.70 56.25% 0.68 1.68% 16.98 42.07% 79

2 1 20092010 5.23 2009 2010 661,410,000.00 0.00 50,000,000.00 0.00 1,415,427,499.44 2,269,700,491.19 2,126,837,499.44 2,269,700,491.19 2 20092010 5.24 2009 2010 125,352,500.00 68,479,675.00 125,352,500.00 68,479,675.00 3 20092010 5.25 2009 2010 60,000,000.00 360,000,000.00 560,661,200.00 1,337,976,575.00 620,661,200.00 1,697,976,575.00 2010 3 2010 5.26 80

2,000 2010.07.18 2011.08.17 2.98% 2010.06.24 1,500 2011.06.24 2.90% 2010.03.19 1,100 2011.03.18 3.25% 1,000 2009.10.22 2010.10.22 1.80% 1,000 2010.02.10 2011.01.05 1.85% 1,000 2010.02.20 2011.01.05 1.88% 1,000 2010.02.25 2011.01.05 1.85% 900 2010.07.05 2011.07.06 2.45% 800 2010.07.13 2011.07.13 1.94% 600 2010.06.15 2011.06.15 1.75% 5.27 30,000 20,000 11,000 6,000 4,300 1,750 1,450 1,200 1,125 1,000 2010.04.22 2013.04.20 3.51% 2010.09.21 2011.03.20 4.37% 2009.07.23 2012.07.20 3.51% 2009.08.24 2012.08.20 3.51% 2010.06.04 2013.12.20 2.45% 2010.05.07 2012.06.20 2.32% 2010.09.17 2017.12.20 2.17% 2010.01.08 2012.01.06 1.32% 2009.04.22 2012.06.27 1.38% 2010.08.03 2017.06.20 2.35% 81

1 5.28 % % 115,848.62 50.50 50.50 23,440.00 50.50 50.50 2008 3 732632 86-3 165003 82-4 2 5.29 5 358 : : % % 936,000,000.00 74.5 74.5 78432774-8 120,000,000.00 100 100 78431055-9 250,000,000.00 51 51 75039784-4 60,000,000.00 100 100 75417733-9 120,000,000.00 100 100 66240174-3 82

7 2009 9 % 98,857,500.00 80 % 65 61765796-9 2,000,000.00 100 100 74241316-2 2,011,120.00 100 100 538,192.00 100 100 1,575,840.00 100 100 1,384,760.00 100 100 80% 65% 3 5.30 % : % 160,000,000 35 35 73210990-9 4 5.31 1 26717121-2 66934880X 79594291-4 79670273-6 2 12009 4 83

22008 10 2008 10 5 1 5.32 % % 1 17,442.01 2 324,886.47 2 1 36,348,841.70 2 19,947,096.91 2 1 7,604,775.18 2 4,385,675.23 2 1 13,311.97 2 1 2 1,358,975.64 2 1 31,302,293.38 2 37,312,327.59 2 1 216,040,625.10 11.86 177,485,778.39 7.73 1 40,555,957.78 2 146,408,609.60 6.39 1 171,127,903.00 7.47 1 4,356,460.19 2 1 150,749.68 2 3,037,271.00 2 1 100,000.00 2 1 100,000.00 2 3,470,876.00 2 1 392,446.72 2 1,641,854.72 2 1 2 2 5.33 2009 1 1 2009 12 31 8,736,396.00 84

2009 1 1 2009 12 31 903,000.00 3 5.34 2009 8 31 2010 50,000,000.00 2 28 2009 8 20 2012 60,000,000.00 8 20 4 22,000 20.79 5 5.35 49,019.61 49,019.61 6 2009 2008 % % 5.36 6,980,125.41 7,243,400.00 7 MDI 10,141,314.82 6 5.37 : 85

131,300,000.00 131,300,000.00 10,141,314.82 0.00 0.00 1,016,228.01 7 1 5.38 : 1 148,775,913.76 2.84 177,891,299.45 2.78 1 5,252,710.76 2 165,183.33 2 1 41,275,574.92 2 24,698,974.34 2 1 16,461,935.77 2 9,080,393.78 2 1 15,948,338.88 2 6,824,670.02 2 1 5,042,170.67 2 1 29,527,204.37 2 1 12,434,552.12 2 96,052,001.24 1.50 1 6,426,225.19 2 43,229,972.79 2 1 2,617,349,207.71 60.97 3,537,499,842.19 67.65 1 6,608,180.71 2 3,588,949.57 2 1 55,487,476.83 1.06 1 2,403,153.81 2 16,714,976.53 2 1 844,921.32 2 1 2 2 80% 79.17% 102,978,500.00 95,000,000.00 3 5.39 86

136,564,000.00 2009 7 20 2010 7 20 215,965,708.50 2009 1 24 2010 7 20 1,340,573,600.00 2006 11 20 2013 6 26 5.38 4 5.40 1 18,389.39 3 14,356.00 3 2 2 1 11,307,972.01 100% 0.00 1 2 11,307,972.01 3 5 5.41 35,777,870.09 0.00 6,540,003.28 4,791,818.52 539,769.21 7,466,890.22 4,447,619.17 2,029,481.47 1,950,650.13 0.00 10,000,000.00 100,000,000.00 163,141,131.86 173,141,131.86 1,000,000.00 0.00 10,908,877.00 0.00 883,806,608.95 270,074,211.75 7,345,724.56 85,875,928.84 670,000,000.00 320,000,000.00 87

5.42 () 52,688,000.00 2010 7 13 2011 7 13 () 197,580,000.00 2010 12 31 2012 12 30 1,340,573,600.00 2006 11 20 2013 6 26 1 1 5.432009 2009 2009 93,988 149,564 93,988 149,564 2 2009 5.442009 1 0.2861 0.1622 2 0.0253 0.1089 3 0 0.0236 0 0 0.3114 0.2947 88

( ) BorsodChem ( 15,388,319,600 BC )96% 2011 1 31 12.63 BC BC 96% BC BC 3 89

2011 4.5 2011 A-1 AA+ MDI MDI 2010 1 MDI MDI 2 1MDI 2 6 MDI 90

3 MDI 4 5 3 1 MDI 2 3 4 2 2011 2011 2011 A-1 2011 1 2011 A-1 2 1 MDI 91

2 3 3 1 2 2010 9 19 75.40 11.21 64.19 1.88 0.46 1.42 6.1 2010 9 54,000 20,000 34,000 120,000 20,000 100,000 50,000 0 50,000 80,000 42,400 37,600 30,000 0 30,000 30,000 0 30,000 60,000 19,700 40,300 160,000 10,000 150,000 50,000 0 50,000 120,000 0 120,000 754,000 112,100 641,900 6.2 2010 9 $1,800 0 $1,800 $5,000 $ 600 $4,400 92

$500 0 $500 $2,000 0 $2,000 $1,500 0 $1,500 $2,000 $2,000 0 $3,500 $1,500 $2,000 $2,000 0 $2,000 $500 $ 500 $14,200 $ 18,800 $4,600 $14,200 $ 93

1 2 3/ 1 0.21 2 0.21 94

1 2 3 10% 4 5 6 1 2 1 2 3 4 5 95

1 1 2 3 4 ; 5 6 7 2 1 2 3 4 5 6 7 8 96

3 4 1 2 3 97

1 2 3 4 5 6 7 8 1 2 3 98

99

5 1 2011 2 2011 3 2011 4 2011 5 1 2 3 4 20% 5 6 10% 7 8 9 10 11 100

1 4 30 2 8 31 3 4 30 10 31 5 101

2009 1 1 2008 1 1 1988 10 1 102

103

7 05353388634 05356851128 264002 22 0108523839885238397 01085238084 100005 154 9 A 2 11 0108839597488395758 01088395658 100044 104

8 C 8 C 0106555662065556639 01065550861 100027 55 55 0255858806158588304 02558588220 210005 8 17 604 01066220557 01066220637 100033 618 168 20 02138674683 02168877986 200140 105

2 2 17 01085679696 01085679228 222 26 02161412076 02163350177 11 308 01068001684/5/6/7/8 01068006964 33 B 5 106

01088087970 01088086356 107

1 [2011]CP20 2 3 2011 4 2007 2008 2009 5 2010 9 6 7 1 7 05353388634 05356851128 264002 2 22 0108523839885238397 108

01085238084 100005 http://www.chinamoney.com.cn http://www.chinabond.com.cn 109

1 --/ 100 / 100 / 100 / 100 /+ 360/ / / + / / / + + /+ 100% /+ 100% / 100 / 100 / EBIT EBITDA EBITDA / 100 / 100 / 100 / 100 / 100 + EBIT/ +++ EBITDA/ EBITDA/+ 110