2 3 4 6 8 9 19 22 31 45 46 47 48 50 52 55 56 140

2007 8 8 2008 5 5 GDP 19 39 1.2 64% 7 11 12 9 39 235,523 261,906 394,162 305,762 1,197,353 www.maoye.cn 28 26 2

3

12 31 2012 2011 2010 2009 2008 1 11,067,240 10,429,863 7,266,687 4,854,737 3,995,748 2 4,349,858 4,123,332 2,748,350 1,832,071 1,967,435 1,369,805 1,206,063 917,441 702,749 740,478 898,554 734,889 624,086 504,170 543,318 801,820 640,312 576,597 470,107 520,969 96,734 94,577 47,489 34,063 22,349 3 0.149 0.12 0.11 0.09 0.11 5.5 5.9 1.8 3.1 5.5 3.2 1.8 1.6 3.3 2.3 5.9 1.5 2.2 4

12 31 2012 2011 2010 2009 2008 18,296,015 15,384,553 12,048,938 7,247,614 5,500,861 11,251,136 8,639,435 7,108,387 3,492,027 2,359,756 7,044,879 6,745,118 4,940,551 3,755,587 3,141,105 5,670,659 5,452,796 3,899,584 3,417,326 2,843,246 1,374,220 1,292,322 1,040,967 338,261 297,859 1. 2. 3. 2012 12 31 801,820,000 5,370,609,411 2011 12 31 640,312,000 5,327,091,307 2010 12 31 576,597,000 5,139,856,000 2009 12 31 470,107,000 5,139,856,000 2008 12 31 520,969,000 4,834,255,760 5

1 1 15.9 47,436 2 4 13.3 23,078 2 3 11.3 23,715 2 4 9.4 59,787 2 5 8.4 53,542 2 6 6.6 10,507 2 7 7.6 53,873 8 7.6 7,204 9 7.6 16,000 3 10 7.6 25,994 11 7.6 8,422 3 12 7.6 15,115 3 13 5.0 21,731 14 4.4 24,035 15 4.4 27,617 16 4.4 46,610 17 4.1 30,616 18 3.4 45,000 19 3.3 8,373 3 20 3.3 40,358 21 3.0 22,500 2 22 2.7 26,000 2 23 2.6 10,355 24 2.6 26,696 25 2.6 10,800 26 2.6 36,897 3 27 2.3 51,266 28 5 2.2 36,791 29 6 2.2 21,229 30 2.2 25,337 31 7 2.2 6,800 3 32 2.1 70,000 2 33 2.1 21,831 34 2.0 21,485 35 1.8 29,246 36 1.3 44,500 37 0.5 49,600 38 0.4 24,300 3 39 5.3 70,350 1. 2012 12 31 2. 3. 4. 5. 6. 7. 6

2012 7

2012 7.8% 2012 2012 16 22 2013 2013 2013 2013 2013 2 25 8

2012 2012 12 31 11,067.2 6.1% 4,349.9 5.5% 2012 3.9% 801.8 25.2% 8.8% 2012 2012 7 49,600 2012 8 24,300 2012 2 16 650.0 13,453 2012 2 27 2012 10 19 115.0 37,907 9

2012 12 11 309.5 51,913 2012 12 31 14,358,702 6006942012 12 31 4.89%480.2 5.0% 2012 2011 MBA2012 10

2012 11 000889 29.9% 46.7% 2012 2 7 8 6.14 % 4.29% 2012 12 22 2013 1 9 8 5.52% 1 2 % m 2 1 1,761,907-0.2 9.3 59,787 821 2 910,563 4.5 15.9 47,436 819 3 662,127 5.1 7.6 53,873 660 4 600,026 6.3 8.3 53,542 579 5 596,362 3.9 3.3 40,358 888 6 492,019 10.0 2.6 36,897 584 7 468,645 20.8 3.3 45,000 1,040 8 417,204-12.6 2.6 26,696 884 9 412,679-0.5 4.1 30,616 600 10 373,836 30.3 4.3 46,610 449 11 324,222 9.4 11.2 23,715 400 12 287,337 6.5 7.6 25,994 667 13 285,769 1.0 4.3 27,617 582 14 3 209,611 19.8 13.3 23,078 437 11

1 2 2 2012 12 31 3 19 39 12064% 25.7% 10.3% 2013 2-4 12

2012 12 31 11,067.2 2011 6.1% 12 31 2012 2011 9,672,014 8,992,880 1,395,226 1,436,983 11,067,240 10,429,863 2012 87.4%12.6% % % 4,080,145 36.9 4.7 2,495,303 22.5 4.0 2,075,881 18.8-5.5 2,415,911 21.8 6.0 11,067,240 100 3.9 2012 12 31 8,963.3 2011 3.9% 16.7%2011 16.9%0.2% 2012 13

2012 44.2% 201143.4% 20.5% 2011 20.2%13.1% 2011 12.9% 22.2% 2011 23.5% 2011 2012 12 31 3,542.7 2011 3,357.0 5.5%101.4 41.82012 2012 12 31 807.1 2011 766.3 5.3% 2012 12 31 1,444.4 2011 1,335.1 8.2%2011 2012 12 31 369.7 2011 375.5 1.5%2012 25.5 2011 3.6% 2012 3.3% 2012 12 31 343.6 2011 326.2 5.3%2012 2012 2011 3.1% 2012 12 31 237.2 2011 216.2 9.7% 2012 2012 2011 2.1% 14

2012 12 31 859.5 2011 772.1 11.3% (1) 2012 (2) (3) (4) 2011 7.4% 20127.8% 2012 12 31 274.4 2011 107.9 154.4% 2012 000056174.0 2012 12 31 1,369.8 2011 1,206.1 13.6% 2012 12 31 132.8 188.829.7% 2012 2011 2012 12 31 338.4 282.9 19.6% 2012 12 3127.4% 2011 12 31 27.8% 15

2012 12 31 801.825.2% 668.7 8.8% 881.9735.1 20.0% 2012 12 31 1,482.5 2011 12 311,425.8 56.7 (1) 302.4 (2) 1,774.1 639.8 792.9100.0 480.2 (3) 1,518.2 (1) 4,167.9 (2)2011 2012 6 30 1,845.0 334.1 256.1 139.3 2012 12 31 6,321.2 1 2 34.5% 68.7% 2011 12 31 25.8% 37.8% 1 + + 2 + + 16

2012 12 31 7.03% 10.24% 4.89% 1 1 5.0% 621.5 2012 12 31 3 A B 804.5 29.5% 17

5% 14.04(9) : : 1,482.1 709.2 : : : 2013 2014 : 73,867 212,698 : : 450,000 1,000,000 : 100% 100% 2012 12 31 5,451.5 712.5 91.7 572.5 318.0 910.2 2012 12 31 27.8 40.2 0.3 2012 12 31 18

47 Maoye Department Store Investment Limited MOY International Holdings Limited 10 19921995 2005 7 6008282009 2 9 57 2007 8 2003 20 2006 2 2008 000042 42 1996 2012 10 2006 6 2009 2 9 2009 12 2010 4 6 46 2010 1988 2001 20 2010 11 9 2010 12 20 19

622007 10 1974 1975 1979 1987 65 2007 8 198020 1982 1983 1987 9 10 612007 10 1976 25 1976 15 20

41 2013 1 20 600859 38 2010 10 20 41 2010 6 46 2008 7 21

2012 12 31 2012 1 1 2012 3 31 2012 4 1 2012 12 31 2012 12 31 A.2.1 A.6.7 22

2012 12 31 3.13 23

A.2.1 2011 5 5 2013 A.6.5 24

2012 12 31 14 3 2012 1 1 25

www.maoye.cn 3.10(2) (i) (ii) (iii) (iv) 2012 12 31 2011 12 31 2012 6 30 2012 12 31 26

(i) (ii) (iii) 2012 12 31 2012 12 31 8 2012 2 23 (i) (ii) (iii) 2012 12 31 2012 2 23 2012 2012 12 31 D.3.1 27

2012 12 31 10 2012 12 31 10/10 1/1 9/10 1/1 10/10 2/2 1/1 9/10 1/1 9/10 4/6 2/2 1/1 10/10 5/6 2/2 1/1 7/10 5/6 0/1 2012 12 31 28

2012 12 31 2012 12 31 2,880,000 1,200,000 2012 12 31 15 www.maoye.cn 4003 A 38 A.6.7 2012 4 5 29

4003 A 38 86-755-2598-1379 ir848@maoye.cn (www.hkexnews.hk) (www.maoye.cn) 30

2012 12 31 2007 8 8 22 2012 12 31 46 2012 12 31 2.3 20115.9 2013 4 12 2013 2013 4 26 2013 4 19 (i) 2013 2013 4 10 2013 4 12 2013 2013 4 9 4:30 28 26 (ii) 2013 4 18 2013 4 19 2013 4 17 4:30 28 26 31

17 50 39 37 2012 12 31 5,451.5 35 158,000 87 2013 32

2013 2012 12 31 40.0 42 8 33

2012 12 31 XV 352 (1) * 4,200,000,000 78.21% 50,000,000 0.93% 4,250,000,000 79.14% 198,000 0.004% 792,000 0.01% MOY International Holdings Limited Maoye Department Store Investment LimitedMOY International Holdings Limited * 2012 12 31 (2) ** * 204,000 0.004% 816,000 0.015% 255,000 0.005% 204,000 0.004% 204,000 0.004% 204,000 0.004% * 2012 12 31 ** 204,000 816,000255,000 204,000 204,000 204,000 34 38

(3) (3.1) Maoye Department Store Investment Limited * 2 100% MOY International Holdings Limited * Maoye Department Store Investment Limited 2012 12 31 (3.2) MOY International Holdings Limited * 100 100% * MOY International Holdings Limited 2012 12 31 2012 12 31 XV 352 35

2012 12 31 3365% * 4,250,000,000 79.14% (a) Maoye Department Store Investment Limited MOY International Holdings Limited 4,200,000,000 (b) 4,200,000,000 (b) 78.21% 78.21% (a) (b) Maoye Department Store Investment Limited MOY International Holdings Limited * 2012 12 31 2012 12 31 336 36

2010 1 20 2012 12 31 2012 2012 1 1 12 31 2010 6 11 2.81 204,000 (204,000) 2010 6 11 2.81 816,000 (816,000) 2010 12 30 3.43 255,000 (255,000) 2010 6 11 2.81 204,000 (204,000) 2010 6 11 2.81 204,000 (204,000) 2010 6 11 2.81 204,000 (204,000) 1,887,000 (1,887,000) 2010 6 11 2.81 30,471,000 (30,471,000) 2010 12 30 3.43 1,734,000 (1,734,000) 2012 5 2 1.96 650,000 (650,000) 32,205,000 650,000 (32,855,000) 2010 6 11 2.81 4,065,000 (4,065,000) 2010 12 30 3.43 142,000 (142,000) 4,207,000 (4,207,000) 38,299,000 650,000 (38,949,000) 2012 2012 5 2 1.85 2012 5 2 650,000 1.96 2012 5 2 265,500 0.41 216,678 37

2012 5 2 (%) 2.26 (%) 68 (%) 68 (%) 0.21 0.89 2012 12 31 38 36 2012 12 31 8,282 38 38

2012 12 31 17,933,000 2012 1 17,933,000 1.90 1.59 31,378 2012 12 31 Maoye Holdings Limited RICHON Holdings Limited2008 4 17 2008 4 21 (i) (ii) (iii) (i) (iii) 6 2011 5 4 2011 6 10Maoye Holdings 39

Limited 2011 5 5 2011 2 2009 11 10 19.28 2010 2 6 (a) 25% 2010 6 30 7 (b)40% 7 (c) 2 60 220 2010 6 28 2011 11 22 40

250,000,000 15% 2014 11 22 (i) 9,000 50,000 (ii) 30 60 50,000 10 30 2012 3 2 30 2012 11 21 2012 11 21 100 Maoye Holdings Limited2009 5 18 2012 12 31 2012 11 28 Maoye Holdings Limited 2013 1 1 167 2012 12 31 147.12011 143.1 41

2011 7 15 2011 1 1 2011 1 1 2013 12 31 80% 38.0 20%10.0 2012 12 31 38.0 2011 5 4 2011 6 10 Maoye Holdings Limited 2011 5 5 (i)1.8% (ii) 10% 2012 12 31 3.92011 4.0 Maoye Holdings Limited 2009 5 18 2011 12 31 2011 12 31 42

2010 4 7 63 A 26,000 33.9 3.62010 5 1 2010 8 40% 2012 12 31 29.12011 29.6 2012 12 31 1.52011 2.31.5 (i) (ii) (iii) 2011 11 23 2011 7 152011 6 132010 4 8 2009 6 9 14A 43

2012 12 31 (i) (ii) 2012 12 31 5% 2012 12 31 2012 12 31 5% 46 2013 2013 2 25 44

46 139 2012 12 31 2012 12 31 2013 2 25 45

2012 2011 5 3,542,719 3,357,024 6 807,139 766,308 4,349,858 4,123,332 7 (1,444,402) (1,335,146) 8 (369,699) (375,494) (343,603) (326,202) 9 (237,245) (216,236) 10 (859,531) (772,064) 11 274,427 107,873 1,369,805 1,206,063 12 (132,815) (188,793) 23 (76) 498 1,236,914 1,017,768 13 (338,360) (282,879) 898,554 734,889 14 801,820 640,312 96,734 94,577 898,554 734,889 16 14.9 12.0 14.9 12.0 15 46

2012 2011 898,554 734,889 (12,400) 31,553 6,694 (9,251) (5,706) 22,302 (1,055) 29,195 (6,761) 51,497 891,793 786,386 795,059 691,809 96,734 94,577 891,793 786,386 47

2012 2011 17 4,240,296 3,646,710 18 509,298 428,221 19 3,717,176 3,963,985 20 641,680 641,680 21 5,818 6,823 23 12,049 12,260 24 960,150 782,205 30 709,930 1,102,725 2,458 31 107,500 25 140,622 83,907 11,044,519 10,670,974 26 279,147 281,977 620,549 524,734 27 4,069,573 1,791,198 28 959 8,674 29 36,842 47,912 30 625,117 587,945 42(b) 96,654 43,772 32 40,155 1,530 32 1,482,500 1,425,837 7,251,496 4,713,579 33 2,194,236 1,953,827 34 1,930,509 1,972,429 35 3,081,072 1,485,973 36 869,681 42(b) 102,602 31,486 131,802 111,253 8,309,902 5,554,968 (1,058,406) (841,389) 48 9,986,113 9,829,585

2012 2011 9,986,113 9,829,585 36 844,363 35 2,370,459 1,642,698 25 570,775 597,406 2,941,234 3,084,467 7,044,879 6,745,118 37 480,407 481,988 36 119,125 119,125 39(a) 4,970,984 4,595,558 15 100,143 256,125 5,670,659 5,452,796 1,374,220 1,292,322 7,044,879 6,745,118 49

37 38 36 39 39 481,988 2,011,440 25,498 119,125 5,935 77 284,411 248,570 (27,917) 2,047,544 256,125 5,452,796 1,292,322 6,745,118 801,820 801,820 96,734 898,554 (5,706) (5,706) (5,706) (1,055) (1,055) (1,055) (5,706) (1,055) 801,820 795,059 96,734 891,793 3,000 3,000 (33,342) (33,342) (10,053) (43,395) 39(a) 1,729 1,729 (1,729) 5,000 5,000 (99,144) (99,144) (99,144) 32,272 (32,272) 38 (25,498) (25,498) (25,498) 37 (1,581) (23,931) 1,581 (1,581) (25,512) (25,512) 15 (256,125) (256,125) (256,125) 15 (139,304) (139,304) (139,304) (100,143) 100,143 (11,054) (11,054) 480,407 1,848,205* (33,342)* 119,125 7,516* 1,806* 316,683* 143,720* (28,972)* 2,715,368* 100,143 5,670,659 1,374,220 7,044,879 50

37 38 36 39 39 461,587 1,405,825 39,469 119,125 77 192,505 233,035 (57,112) 1,505,073 3,899,584 1,040,967 4,940,551 640,312 640,312 94,577 734,889 22,302 22,302 22,302 29,195 29,195 29,195 22,302 29,195 640,312 691,809 94,577 786,386 160,423 160,423 (6,767) (6,767) (6,767) 91,906 (91,906) 36 6,069 6,069 6,069 26,336 963,422 (20,040) 969,718 969,718 37 (5,935) (83,334) 5,935 (5,935) (89,269) (89,269) (18,348) (18,348) (18,348) (256,125) 256,125 (3,645) (3,645) 481,988 2,011,440* 25,498* 119,125 5,935* 77* 284,411* 248,570* (27,917) * 2,047,544* 256,125 5,452,796 1,292,322 6,745,118 * 4,970,984,000 4,595,558,000 51

2012 2011 1,236,914 1,017,768 6 (18,885) (8,072) 343,603 326,202 10 1,870 1,309 10 988 21 10 16,289 (123) 11 468 659 11 (10,232) 11 (3,458) (3,358) 678 11 (56) 2,585 11 (339) 432 11 (174,019) (20,317) 11 (188) (162) 11 (13,834) (6,326) 12 132,815 188,793 (15,106) 23 76 (498) 38 (25,498) 6,069 1,482,318 1,494,750 185,359 54,124 (1,642,658) (603,793) 1,842 (5,760) 9,200 (28,455) 131,107 (205,612) (44,587) (6,560) 240,409 85,806 218,313 364,735 71,116 (49,121) 652,419 1,100,114 11,385 8,072 (361,453) (300,606) 302,351 807,580 52

2012 2011 135 142 (639,789) (666,779) (6,507) (91,089) (86,620) 8,066 (659) 6,362 12,059 (480,159) (163,682) 331,642 33,208 (431,483) (284,701) (361,397) (286,628) 6,017 36,739 (909) (3,837) (13,328) 8,110 12,908 1,780 (100,000) (7,000) (220,362) (43,395) 5,000 188 162 13,834 6,326 (1,774,087) (1,631,559) 969,618 (18,348) 4,167,904 1,642,000 (1,845,044) (1,119,529) (334,052) (162,898) (256,125) (139,304) (11,054) (3,645) 37 (25,512) (89,269) (38,625) (180) 1,518,188 1,217,749 53

2012 2011 46,452 393,770 10,211 7,994 1,425,837 1,024,073 1,482,500 1,425,837 32 1,482,500 1,425,837 1,482,500 1,425,837 54

2012 2011 22 143,788 143,788 30 7 54 738,226 22 2,908,486 3,362,117 32 2,486 3,663 3,649,205 3,365,834 34 270 245 22 12,848 12,852 9,826 1,479 869,681 892,625 14,576 2,756,580 3,351,258 2,900,368 3,495,046 844,363 2,900,368 2,650,683 37 480,407 481,988 36 119,125 119,125 39(b) 2,200,693 1,793,445 15/39(b) 100,143 256,125 2,900,368 2,650,683 55

1. 2007 8 8 22 19613 Floor 4, Willow House, Cricket Square, P.O. Box 2804, Grand Cayman KY1-1112, Cayman Islands 4003 38 Maoye Department Store Investment Limited MOY International Holdings Limited 2.1 2012 12 31 1,058,406,000 2012 12 31 56

2.1 (i) (ii) (iii) (i) (ii) (iii) 2.2 1 7 12 1 7 12 57

2.3 1 1 2 7 7 2 9 4 10 2 11 2 12 2 10 11 12 10 12 27 (2011) 10 11 12 2 10 1227 (2011) 3 13 2 1 1 1 19 (2011) 2 27 (2011) 2 28 (2011) 2 32 32 3 20 4 2012 5 2 1 2012 7 1 2 2013 1 1 3 2014 1 1 4 2015 1 1 7 32 322013 1 1 58

2.3 2009 11 9 39 39 2010 11 9 39 9 39 9 39 39 2015 1 1 9 10 27 12 10 10 27 12 10 11 31 13 12 27 31 28 59

2.3 2012 7 101112 10 10 27 12 12 2012 12 10 9 12 27 (2011) 12 10 10 11 12 27 28 2013 1 1 1011 12 27 (2011) 28 2012 7 12 13 2013 1 1 13 1 2013 1 1 1 19 (2011) 2013 1 1 19 (2011) 60

2.3 32 32 2014 1 1 2012 6 2013 1 1 (a) 1 (b) 32 12 32 12 2.4 61

2.4 20% 39 62

2.4 63

2.4 (a) (i) (ii)(iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a) 5 64

2.4 10-40 5-10 % 5-10 5-10 % 5-8 5-10 % 5-12 5-10 % 5-10 10 40 65

2.4 66

2.4 39 39 67

2.4 39 68

2.4 (a) (b) (a) (b) 69

2.4 70

2.4 39 71

2.4 (i) (ii) 72

2.4 73

2.4 74

2.4 75

2.4 (a) (b) (c) (d) (e) (f) (g) 38 76

2.4 7.51% 77

2.4 78

3. 79

3. 80

3. 4. (a) (b) (c) 81

4. 2012 12 31 3,186,805 344,978 10,936 3,542,719 20,478 (20,478) 794,610 8,544 3,985 807,139 (1,255,409) (188,267) (726) (1,444,402) (337,033) (27,403) (5,263) (369,699) (290,639) (46,923) (6,041) (343,603) (241,606) (10,947) (100) 15,408 (237,245) (767,143) (90,868) (6,590) 5,070 (859,531) 270,884 3,556 (13) 274,427 1,360,469 13,148 (3,812) 1,369,805 (29,184) (103,471) (160) (132,815) (76) (76) 1,331,285 (90,323) (4,048) 1,236,914 (363,080) 24,387 333 (338,360) 968,205 (65,936) (3,715) 898,554 881,876 (78,275) (1,781) 801,820 86,329 12,339 (1,934) 96,734 968,205 (65,936) (3,715) 898,554 18,320 1,095 19,415 (161) (107) (268) 12,049 12,049 * 838,088 2,537,567 1,454 3,377,109 * 82

4. 2011 12 31 3,125,880 222,995 8,149 3,357,024 20,663 (20,663) 749,561 8,480 8,267 766,308 (1,282,221) (52,640) (285) (1,335,146) (340,689) (30,306) (4,499) (375,494) (275,289) (44,700) (6,213) (326,202) (222,767) (11,706) (100) 18,337 (216,236) (684,373) (81,657) (8,360) 2,326 (772,064) 88,568 7,516 11,789 107,873 1,158,670 38,645 8,748 1,206,063 (50,912) (137,653) (228) (188,793) 498 498 1,107,758 (99,008) 9,018 1,017,768 (288,562) 7,938 (2,255) (282,879) 819,196 (91,070) 6,763 734,889 735,138 (97,070) 2,244 640,312 84,058 6,000 4,519 94,577 819,196 (91,070) 6,763 734,889 1,191 137 2 1,330 (123) (123) 12,260 12,260 * 1,997,110 659,921 118 2,657,149 * 83

5. 2012 2011 1,619,309 1,517,865 1,395,226 1,436,983 173,006 167,138 3,871 3,894 72,948 129,312 272,030 93,683 6,329 8,149 3,542,719 3,357,024 9,672,014 8,992,880 1,619,309 1,517,865 96,669 91,110 76,337 74,553 1,475 173,006 167,138 6. 2012 2011 433,539 424,746 189,535 180,113 126,861 114,693 18,885 8,072 38,319 38,684 807,139 766,308 84

7. 2012 2011 1,255,409 1,282,221 188,267 52,640 726 285 1,444,402 1,335,146 8. 2012 2011 337,367 323,605 38 (25,498) 6,069 40,011 31,687 17,819 14,133 369,699 375,494 2012 2011 633 647 1,914 1,630 (1,698) 404 34 32 250 2,066 883 2,713 85

8. 2012 12 31 38 (a) 2012 12 31 195 (185) 10 146 (185) (39) 292 (185) 107 633 (555) 78 2011 12 31 199 44 243 149 44 193 299 44 343 647 132 779 2012 12 31 2011 86

8. (b) 2012 12 31 120 120 120 (185) (65) 791 (735) 17 73 883 (223) 17 677 1,914 (1,143) 34 805 2011 12 31 120 120 120 44 164 720 175 16 911 670 53 16 739 1,630 272 32 1,934 2012 12 31 2011 87

8. (c) 20118(b) 2011 2012 2011 2,406 2,653 (1,941) 462 79 48 544 3,163 2012 2011 1,000,000 3 1 1,000,001 2,000,000 2 2,000,001 4,000,000 3 3 2012 12 31 38 88

9. 2012 2011 207,164 190,542 30,081 25,694 237,245 216,236 10. 2012 2011 206,714 191,162 67,712 69,722 109,949 93,815 18,469 18,801 42,034 50,124 252,532 230,219 33,355 13,776 6,013 4,990 68,480 64,395 26 988 21 29 1,870 1,309 30 16,289 123 35,126 33,607 859,531 772,064 89

11. 2012 2011 (468) (659) 10,232 3,458 3,358 292 (9,030) 56 (2,585) 339 (432) 174,019 20,317 42(a)(vii)) 38,000 38,000 13,834 6,326 188 162 44,709 42,184 274,427 107,873 12. 2012 2011 274,351 178,010 36 54,627 53,785 328,978 231,795 (199,829) (47,661) 129,149 184,134 3,666 4,659 132,815 188,793 90

13. 2012 12 31 16.5% 201116.5% 25% 201124% 25% 30% 60% 8,466,000 2012 12 31 2011 10,669,000 2012 2011 373,536 290,257 8,466 10,669 25 (43,642) (18,047) 338,360 282,879 91

13. 2012 2011 % % 1,236,914 1,017,768 309,229 25 254,442 25 (10,321) (1) (5,430) (1,730) (596) 5,333 2,629 19,228 2 19,039 2 15,765 1 5,557 8,466 1 10,669 1 (2,116) (2,667) (5,494) (1) (764) 338,360 27 282,879 28 14. 2012 12 31 696,195,0002011 73,820,000 39(b) 92

15. 2012 2011 12 31 2.3 2011: 5.9 100,143 256,125 100,143 256,125 16. 2012 12 31 801,820,0002011 640,312,000 5,370,609,41120115,327,091,307 20122011 12 31 93

17. 2012 12 31 2011 12 31 2012 1 1 2,870,520 365,130 18,089 219,452 467,340 755,407 4,695,938 (452,776) (209,140) (6,956) (153,153) (220,591) (6,612) (1,049,228) 2,417,744 155,990 11,133 66,299 246,749 748,795 3,646,710 2012 1 1 2,417,744 155,990 11,133 66,299 246,749 748,795 3,646,710 6,860 4,222 3,372 10,409 401 811,814 837,078 (2,141) (1,354) (579) (4,460) (8,534) (116,001) (22,704) (444) (17,185) (52,180) (208,514) (26,323) (26,323) 256,264 5,934 207 27,475 (289,880) (121) (121) 2012 12 31 2,564,746 141,301 12,707 59,151 217,985 1,244,406 4,240,296 2012 12 31 3,133,455 367,121 17,884 217,193 479,071 1,251,018 5,465,742 (568,709) (225,820) (5,177) (158,042) (261,086) (6,612) (1,225,446) 2,564,746 141,301 12,707 59,151 217,985 1,244,406 4,240,296 28,038,000 35(a) 94

17. 2012 12 31 270,517,000 2011 12 31 394,177,000 2011 12 31 2010 12 31 2011 1 1 2,136,516 314,246 18,975 194,039 370,869 286,284 3,320,929 (358,979) (195,653) (7,091) (147,053) (168,328) (6,612) (883,716) 1,777,537 118,593 11,884 46,986 202,541 279,672 2,437,213 2011 1 1 1,777,537 118,593 11,884 46,986 202,541 279,672 2,437,213 192,349 3,137 3,465 19,141 8,919 552,636 779,647 (70) (785) (2,707) (1,240) (193) (4,995) (99,203) (24,206) (2,422) (14,091) (52,284) (192,206) 541,989 28,995 913 12,885 4,774 42,015 631,571 18 (3,169) (3,169) 9,662 30,256 2,618 82,992 (125,528) (1,351) (1,351) 2011 12 31 2,417,744 155,990 11,133 66,299 246,749 748,795 3,646,710 2011 12 31 2,870,520 365,130 18,089 219,452 467,340 755,407 4,695,938 (452,776) (209,140) (6,956) (153,153) (220,591) (6,612) (1,049,228) 2,417,744 155,990 11,133 66,299 246,749 748,795 3,646,710 95

18. 2012 2011 1 1 428,221 292,199 99,667 89,789 (2,904) (8,700) 17 3,169 27 66,718 (15,686) (14,954) 12 31 509,298 428,221 12 31 645,978 549,833 (136,680) (121,612) 509,298 428,221 40(a) 33 35(b) 2012 12 31 24,104,000 2011 12 31 26,264,000 2012 12 31 1,563,355,0002011 12 31 1,443,198,000 96

19. 2012 2011 1 1 4,106,464 3,760,402 404,790 1,555 273,789 27 (97,299) (171,162) 27 1,973 1,030 (6,017) (26,507) 4,006,676 4,242,342 (145,527) (135,878) 12 31 3,861,149 4,106,464 (143,973) (142,479) 3,717,176 3,963,985 33 35(c) 2012 12 31 115,213,000 2011 12 31 118,022,000 28,038,000 17 97

20. 2012 2011 1 1 641,680 537,050 104,630 12 31 641,680 641,680 12 31 647,449 647,449 (5,769) (5,769) 641,680 641,680 2012 12 31 2011 12 31 637,167 4,513 641,680 7% 15% 201112% 17% 5% 2011 5% 98

20. 2012 12 31 2011 12 31 5% 2011 5% 21. 2012 2011 1 1 6,823 4,148 909 3,874 570 (30) (1,914) (1,739) 12 31 5,818 6,823 12 31 11,370 10,461 (5,552) (3,638) 5,818 6,823 22. 2012 2011 143,788 143,788 2012 12 31 2,908,486,000 2011 12 31 3,362,117,00012,848,0002011 12 31 12,852,000 99

22. % % 2 50,000 100 2007 9 11 ** ** ** ** ** ** ** ** ** ** ** ** 1993 12 7 2004 6 18 1997 10 28 2008 5 28 1996 1 31 2000 4 20 2000 4 20 2003 3 31 2005 8 8 2001 8 24 2004 8 27 2008 4 11 2008 9 16 2008 8 18 100,000 100 1,000,000 100 50,000,000 100 100 10,000 100 320,000,000 100 1,000,000 100 1,000,000 100 1,000,000 100 1,200,000 100 4,800,000 100 30,000,000 100 5,000,000 100 15,000,000 100 30,000,000 100 100

22. % % ** ** ** ** ** ** ** ** ** ** ** ** ** ** ** 2008 8 18 2008 11 18 2009 5 21 2007 9 24 2002 12 25 1994 5 20 2008 4 15 2010 5 13 2010 7 9 2010 9 20 2010 9 30 1999 1 7 2006 12 18 2010 11 1 2010 11 3 30,000,000 100 30,000,000 100 5,000,000 100 8,000,000 100 2,000,000 100 18,950,000 97.31 202,500,000 90 5,000,000 100 193,000,000 100 5,000,000 100 206,000,000 100 143,887,180 80 50,000,000 100 38,000,000 100 # 5,000,000 100 101

22. % % ** ** ** ** * ** ** ** ** ** ** ** ** ** ** @ ** 2010 11 8 1996 5 16 1994 6 25 2009 9 4 1993 12 31 1998 3 18 2001 12 20 1998 3 9 2003 8 26 1997 3 11 2007 9 13 2008 4 11 2009 8 21 2008 7 15 2008 12 29 1997 5 16 2003 11 20 1,124,800,000 100 64,643,046 70 81,800,000 80 6,000,000 80 570,439,657 68.05 48,000,000 63.80 20,000,000 68.05 26,000,000 68.05 3,000,000 68.05 33,730,000 54.44 5,000,000 68.05 5,000, 000 68.05 20,000, 000 68.05 8,000,000 68.05 # 5,000,000 61.25 445,521,564 46.70 1,000,000 46.70 102

22. % % ** ** ** ** ** ** ** ** ** ** ** ** ** ** 2001 6 26 2001 6 26 2011 4 14 2008 8 4 1998 10 4 2003 4 25 2002 5 16 2002 3 26 2012 5 9 2011 10 26 2012 1 29 2012 9 19 2012 12 25 2012 8 24 10,000,000 46.70 5,000,000 46.70 2,000,000 46.70 245,000,000 46.70 294,330,000 46.62 70,000,000 46.47 110,000,000 46.47 31,600,000 46.56 325,000,000 100 10,000,000 70 500,000 100 # 20,000,000 75 # 20,000,000 100 # 1,000,000 68.05 # * A @ A ** # 103

23. 2012 2011 12,049 12,260 2012 12 31 2011 12 3142(b) % % * 2000 7 12 2000 9 7 2000 4 20 4,500,000 20.71 6,000,000 20.71 10,000,000 13.53* * 62.11%32% 13.53% 104

23. 2012 12 31 5,558 357 489 346 9,469 7,161 3,690 (456) 5,133 593 2,393 34 20,160 8,111 6,572 (76) 2011 12 31 8,983 4,123 4,002 176 8,608 5,845 4,032 167 5,283 646 2,508 155 22,874 10,614 10,542 498 24. 2012 2011 687,154 225,402 117,354 301,161 804,508 526,563 161,527 261,527 966,035 788,090 (5,885) (5,885) 960,150 782,205 5,706,0002011 22,302,000 105

24. 25. 2011 1 1 14,757 23,346 23,544 61,647 993 993 13 (1,861) 31 23,097 21,267 2011 12 31 12,896 23,377 47,634 83,907 13 2,759 (2,571) 30,823 25,704 56,715 2012 12 31 15,655 20,806 78,457 25,704 140,622 2012 12 31 382,197,0002011 12 31 224,657,000 5 2012 12 31 68,369,0002011 12 31 34,121,000 5 106

25. 2011 1 1 315,783 74,670 8,521 12,733 1,372 413,079 174,112 174,112 6,995 6,995 13 (19,155) 4,174 7,491 10,710 3,220 2011 12 31 470,740 81,665 12,695 20,224 12,082 597,406 (39,704) (39,704) (23,655) 4,558 (11,438) 43,608 13,073 2012 12 31 447,085 41,961 17,253 8,786 55,690 570,775 10% 2008 1 1 2007 12 31 2008 1 1 2012 12 31 2011 107

26. 2012 2011 281,147 288,070 (2,000) (6,093) 279,147 281,977 2012 2011 1 1 6,093 6,172 10 988 21 (5,081) (100) 12 31 2,000 6,093 27. 2012 2011 1,161,038 875,738 1,734,211 124,228 19 97,299 171,162 19 (1,973) (1,030) (21,925) (9,060) 12 31 2,968,650 1,161,038 630,160 301,824 703,689 479,565 26,323 18 (66,718) (259,249) (84,511) 12 31 1,100,923 630,160 4,069,573 1,791,198 108

27. 35(e) 2012 12 31 669,500,0002011 12 31 645,938,000 28. 2012 2011 959 8,674 29. 2012 2011 60 16,722 43,303 61 90 624 135 91 180 1,157 2,464 181 270 1,729 2,109 271 360 184 360 23,615 5,171 43,847 53,366 (7,005) (5,454) 36,842 47,912 109

29. 2012 2011 1 1 5,454 4,496 10 1,870 1,309 (319) (351) 12 31 7,005 5,454 2012 12 31 7,005,000 2011 12 31 5,454,0007,005,000 2011 12 31 5,454,000 30. 2012 2011 2012 2011 709,930 1,102,725 210,245 353,039 7 54 447,352 251,320 657,597 604,359 7 54 (32,480) (16,414) 625,117 587,945 7 54 110

30. 2012 12 31 2,420,000 2011 12 31 129,225,000 2012 1 1215,786,000 2011 12 31 16,027,000 2012 2011 1 1 16,414 16,401 10 16,289 123 (223) (110) 12 31 32,480 16,414 2012 12 31 32,480,000 2011 12 31 16,414,00032,480,000 2011 12 31 16,414,000 31. 2011 11 22 250,000,000 15% 2011 11 22 2012 6 20 100,000,000 111

32. 2012 2011 2012 2011 1,389,771 1,297,964 2,486 3,663 132,884 129,403 1,522,655 1,427,367 2,486 3,663 33 (5,820) (1,530) (25,145) (9,190) 1,482,500 1,425,837 2,486 3,663 2012 2011 2012 2011 1,513,990 1,411,509 8,294 14,360 2,295 3,467 359 360 191 196 1,127 12 11 1,522,655 1,427,367 2,486 3,663 1 6 1,513,990,0002011 1,411,509,000 112

33. 2012 2011 90 1,766,020 1,622,517 91 180 169,101 133,373 181 360 56,183 156,271 360 202,932 41,666 2,194,236 1,953,827 90 2012 12 31 27,798,0002011 12 31 5,100,000 5,820,000 2011 12 31 1,530,000 34. 2012 2011 2012 2011 1,079,009 1,002,929 184,274 176,825 107,688 82,030 19,973 16,643 80,985 23,625 153 169 57,819 61,318 117 76 18,978 16,207 (140,431) (168,599) 522,214 761,451 1,930,509 1,972,429 270 245 113

35. 2012 2011 (%) (%) 6.30-9.84 2013 1,054,000 6.48-9.47 2012 975,000 6.52-7.91HIBOR 2013 430,915 6.11-7.65HIBOR 2012 510,973 1.3 2.25 1.3 2.25 6.51 2013-2015* 869,681 4.71-6.57 2013 1,596,157 3,950,753 1,485,973 6.52-7.91 HIBOR 2014-2020 2,370,459 6.11-7.65HIBOR 2013-2019 1,642,698 1.3 2.25 1.3 2.25 6.51 2013-2015 844,363 2,370,459 2,487,061 6,321,212 3,973,034 2012 2011 (%) (%) 36 6.51 2013-2015 869,681 36 6.51 2013-2015 844,363 * 2013 10 13 100% 36. 114

35. 2012 2011 2012 2011 3,081,072 1,485,973 319,269 316,714 779,763 769,123 1,271,427 556,861 5,451,531 3,128,671 2012 2011 2012 2011 869,681 869,681 844,363 844,363 869,681 844,363 869,681 844,363 (a) (b) (c) (d) (e) 712,536,0002011 12 31 505,039,000 91,668,000 2011 12 31 128,924,000 572,498,000 2011 12 31 1,209,554,000 317,987,0002011 12 31 497,964,000 910,196,0002011 12 31 206,723,000 2012 12 31 1,625,271,000 2011 1,062,560,000 115

35. 2012 2011 812,261 530,570 36. 2010 10 13 1,165,000,000 (a) 2010 11 23 2015 10 3 4.212 0.1 (b) 2013 10 13 100% (c) 2013 10 13 2015 10 13 30 20 130% (d) 90% 2015 10 13 2015 10 13 100% 3%4 13 10 13 116

36. 2011 12 31 844,363 119,125 963,488 12 54,627 54,627 (28,425) (28,425) (884) (884) 2012 12 31 869,681 119,125 988,806 37. 2012 2011 9,000,000,000 2011 12 31 9,000,000,000 0.10 900,000 900,000 5,370,081,000 2011 12 31 5,388,014,000 0.10 537,008 538,801 480,407 481,988 117

37. (a) 29,584,000 23,931,000 2012 1 4 4,714,000 1.68 1.59 7,821 6,343 2012 1 5 1,364,000 1.66 1.65 2,260 1,837 2012 1 6 2,561,000 1.66 1.62 4,231 3,442 2012 1 9 1,579,000 1.70 1.65 2,648 2,156 2012 1 10 458,000 1.72 1.69 782 636 2012 1 11 77,000 1.73 1.73 133 108 2012 1 18 3,702,000 1.88 1.85 6,950 5,657 2012 1 19 3,478,000 1.90 1.88 6,553 5,333 17,933,000 31,378 25,512 2012 1 1 5,388,014,000 481,988 2,715,928 3,197,916 (17,933,000) (1,581) (23,931) (25,512) 2012 12 31 5,370,081,000 480,407 2,691,997 3,172,404 118

38. (a) (b) (c) (d) 2010 1 20 10 30% 1% 0.1% 5,000,000 7 1 10 (i) (ii) (iii) 2010 6 11 126,308,000 2.81411 2010 12 30 6,270,000 3.435 2012 5 2 650,000 1.962 119

38. 2012 2011 1 1 2.844 38,299,000 2.839 131,810,000 1.960 650,000 * 2.829 (38,949,000) 2.810 (49,980,800) 2.841 (42,483,000) 2.810 (1,047,200) 12 31 2.844 38,299,000 * ** 35% ** (1) (2) 3.65 25,498,000 120

39. (a) (i) 77,000 2008 100% 5.45580,000,000 5.43 106,813,996 29.90% 46.70%1,729,000 100% (ii) 10% 50% 10% 50% 121

39. (b) 2011 1 1 1,405,825 119,125 39,469 152,671 (114,877) (97,494) 1,504,719 (109,973) (73,820) (183,793) 38 6,069 6,069 963,422 (20,040) 943,382 (83,334) 5,935 (5,935) (83,334) (18,348) (18,348) (256,125) 256,125 2011 12 31 2,011,440 119,125 25,498 5,935 152,671 (224,850) (177,249) 256,125 2,168,695 (71) 696,195 696,124 38 (25,498) (25,498) 37 (23,931) 1,581 (1,581) (23,931) 2011 (256,125) (256,125) 2012 (139,304) (139,304) (100,143) 100,143 2012 12 31 1,848,205 119,125 7,516 152,671 (224,921) 417,222 100,143 2,419,961 122

40. (a) 18 18 1 15 2012 2011 125,704 132,837 164,332 213,348 142,665 160,707 432,701 506,892 (b) 1 18 2012 2011 184,484 207,777 635,276 642,649 274,650 441,348 1,094,410 1,291,774 41. 40(b) 2012 2011 1,676,702 816,604 2012 12 11 309,500,000 100% 64,500,000 245,000,000 123

42. (a) 2012 2011 (1) (i) & (iv) 22,040 22,058 (i) & (iv) 8,578 8,569 (i) & (iv) 54,689 56,189 (i) & (iv) 424 424 (i) & (iv) 6,459 6,408 (i) & (iv) 24,210 19,239 (iii) & (iv)& (v) 29,087 27,260 (i) & (iv) 7,115 6,209 (i) & (iv) 23,542 24,009 176,144 170,365 (i) & (vi) 3,871 3,957 (i) & (vii) 38,000 38,000 124

42. (a) 2012 2011 (2) (i) & (viii) 107,500 (i) 850,000 850,000 (ii) & (ix) 1,600,000 1,800,000 2,450,000 2,650,000 (i) (ii) (iii) (iv) (v) 2010 5 1 2012 4 30 2012 4 30 1,467,0001,467,000 (vi) (vii) 2011 1 1 2013 12 31 80% 38,000,000 20% 10,000,000 2011 7 15 (viii) 100,000,000 31 (ix) 125

42. (b) 2012 2011 907 79,871 40,518 15,316 1,467 2,347 96,654 43,772 506 151 84,843 19,228 17,011 11,570 242 537 102,602 31,486 2012 96,654,000 2011 12 31 42,865,00017,253,0002011 12 31 12,107,000 126

42. (c) 2012 2011 4,320 4,283 (3,639) 866 113 80 794 5,229 8 42a(1) 42a(2) 14A (d) 2012 2011 31 107,500 (e) 1 8 2012 2011 1 155,560 125,203 2-5 609,662 375,319 5 219,160 186,604 984,382 687,126 127

43. 2012 12,049 12,049 960,150 960,150 107,500 107,500 36,842 36,842 414,872 414,872 959 959 96,654 96,654 40,155 40,155 1,482,500 1,482,500 959 2,190,572 960,150 3,151,681 2,194,236 972,953 102,602 869,681 5,451,531 9,591,003 128

43. 2011 12,260 12,260 782,205 782,205 2,458 2,458 47,912 47,912 234,909 234,909 8,674 8,674 43,772 43,772 1,530 1,530 1,425,837 1,425,837 8,674 1,768,678 782,205 2,559,557 1,953,827 1,039,862 31,486 844,363 3,128,671 6,998,209 129

43. 2012 2011 143,788 143,788 7 54 738,226 2,908,486 3,362,117 2,486 3,663 3,792,993 3,509,622 2012 2011 270 245 12,848 12,852 9,826 869,681 844,363 892,625 857,460 130

44. 2012 2011 2012 2011 804,508 526,563 804,508 526,563 107,500 107,500 36,842 47,912 36,842 47,912 414,872 234,909 414,872 234,909 959 8,674 959 8,674 96,654 43,772 96,654 43,772 40,155 38,458 40,155 38,458 1,482,500 1,388,909 1,482,500 1,388,909 2,983,990 2,289,197 2,983,990 2,289,197 2,194,236 1,953,827 2,194,236 1,953,827 972,953 1,039,862 972,953 1,039,862 102,602 31,486 102,602 31,486 869,681 844,363 888,392 845,681 5,451,531 2,083,379 5,451,531 2,083,379 9,591,003 5,952,917 9,609,714 5,954,235 131

44. 2012 2011 2012 2011 143,788 143,788 143,788 143,788 7 54 7 54 738,226 738,226 2,908,486 3,362,117 2,908,486 3,362,117 2,486 3,663 2,486 3,663 3,792,993 3,509,622 3,792,993 3,509,622 270 245 270 245 12,848 12,852 12,848 12,852 9,826 9,825 869,681 844,363 888,392 845,681 892,625 857,460 911,335 858,778 132

44. 2012 12 31 959 959 804,508 804,508 805,467 805,467 2011 12 31 8,674 8,674 526,563 526,563 535,237 535,237 2012 12 31 1 2 3 133

45. 35 * 2012 12 31 100 (67,358) (100) 67,358 2011 12 31 100 (54,360) (100) 54,360 * 5% 134

45. 29 30 2012 12 31 2,194,236 2,194,236 972,953 972,953 102,602 102,602 1,021,037 1,021,037 3,287,939 2,904,638 6,192,577 102,602 7,476,165 2,904,638 10,483,405 135

45. 2011 12 31 1,953,827 1,953,827 1,039,862 1,039,862 31,486 31,486 29,739 1,080,515 1,110,254 1,654,193 2,005,023 3,659,216 31,486 4,677,621 3,085,538 7,794,645 2012 12 31 1,021,037 1,021,037 270 270 12,848 12,848 13,118 1,021,037 1,034,155 2011 12 31 29,739 1,080,515 1,110,254 245 245 12,852 12,852 13,097 29,739 1,080,515 1,123,351 136

45. 2012 12 312011 12 31 2012 12 31 2011 12 31 2012 2011 5,451,531 3,128,671 (1,522,655) (1,427,367) 3,928,876 1,701,304 3,928,876 1,701,304 1,021,037 1,080,511 5,670,659 5,452,796 6,691,696 6,533,307 10,620,572 8,234,611 37% 21% 137

45. 24 28 2012 2012 2011 2012 12 31 12 31 12 31 12 31 A 920 1,067/757 907 1,378/867 A 2,376 2,596/2,041 2,304 3,212/2,236 5% 2012 12 31 2011 12 31 2012 12 31 5,588 32,722 46 2011 12 31 11,270 15,058 389 * 138

46. 2013 1 9 8 5.52%2016 1 9 47. 48. 2013 2 25 139

(FCS, FCIS) Floor 4, Willow House, Cricket Square P.O. Box 2804, Grand Cayman KY1-1112 Cayman Islands 4003 38 1 33 3301 (FCS, FCIS) Offshore Incorporations (Cayman) Limited 28 26 www.maoye.cn 848 140