1638

1638

1999 2009 12 9 1638.HK

2 4 8 12 24 40 45 48 56 69 71 73 74 75 76 77 138

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands 3306 2

8 20 2001 Butterfield Fulcrum Group (Cayman) Limited Butterfield House, 68 Fort Street P.O. Box 609 Grand Cayman KYI-1107 Cayman Islands Conyers Dill & Pearman 1638.HK http://www.kaisagroup.com 3

2004 1999 2000 1 1999-2003 2001TOP10 2002 () 2006 2004-2006 2006-2007 2 2003 38 2006 150 1999-2003 (2001) (2001) (2002) (2002) (2003) 2004-2006 (2005-2006) (2005-2006) (2006) (2006) 1999 8 4

2007 IPO 2009 () ( ) () () 2007-2008 2 2007-2009 TOP10 2007-2009 2009 1,263 2009 12 9 1638.HK 2007-2009 (2007-2008) (2008-2009) (2009) (2007-2008) (2008) (2009) (2009) 2007 308 5

33 1,260 68.81 60.0 102% 114% 46.7 50.2% 5.48 9.4% 5.38 1.9% 184% 42.5% 10 8

9 420

...

4,672.250.2% 547.9 9.4% 0.138 0.128 12

1638.HK34.5 60.2 10 60.2 114.0% 9 478,708 4,660 2 74,684 800 1 134,708 560 12 688,100 6,020 TOP10 TOP10 13

1. 42.3 2. 135.0 3. 260.0 17,708 4. 38,202 34,72817,901 14

12.6 55,20679,382 21,422 214,220 16,186 40,465 8,579 53,809 21,422 214,220 55,206 79,382 158,240 465,990 259,633 853,866 15

32.18 100% 14,111 142,000 2004 16

17

(i) (ii) (iii) 3,110.4 4,672.2 1,561.8 50.2% 4,513.3 100.4 58.5 2,947.4 4,513.3 1,565.953.1% 303,218 494,632 9,720 9,124 52.5 100.4 47.9 91.3% 18

40.3 58.5 18.245.2% 867.1 1,320.1 453.0 52.5%27.9%28.3% 37.2116.2 32.2 (i) 58.0 155.0 (ii) 95.2 151.8 163.5 11.77.7% 165.7 250.1 84.4 50.9% 302.6 289.8 85.3 27.2 19

110.4 194.8 84.4 76.4% 151.8 405.5 253.7 167.2% 23.3% 42.5% (i) 1.4 95.2 (ii) 500.9 547.9 46.99.4%11.7%16.1% 253.3 414.5 8.1% 8.9% 3,727.4 785.1 374.8% 383.0 20

6,546.63,733.7 2,203.9609.0 3,588.95,664.4 100 42.5%184.2%) 64.4%7,857.6 1.681.95 21

100 2,391.91,629.0 (i)(ii) 3,209.5 556.7 502.5 2,150.3 2,678 120.3 22

23

24

33 1.7% 1.7% 1.2% 0.4% 6.3% 13.3% 15.7% (1) 59.7% (1) 12.6 25

1 1 8 2 1 7 3 4 1 5 5 6 1 4 7 8 9 10 11 12 191 13 B2-3 14 99 15 1 4 16 1 3 17 18 19 1 2 20 18 1 3 21 22 1 4 23 1 10 24 25 1 3 26 1 6 27 1 2 28 1 3 29 1 6 30 1 3 31 32 1 3 33 126/16 1 4 (1) (1) (2) 26

160,514 580,135 580,135 100% 185,724 735,299 735,299 100% 5,966 98,241 98,241 100% 182,064 388,626 388,626 100% 57,984 143,796 143,796 100% 102,375 391,139 290,428 89,181 11,530 100% 9,066 104,285 104,285 100% 45,829 230,923 230,923 100% 69,941 104,910 104,910 100% 14,411 142,000 142,000 49% 73,305 44,000 44,000 100% 12,788 149,736 149,736 100% 7,106 117,575 117,575 100% 7,707 53,809 53,809 100% 70,938 387,876 135,925 108,368 143,583 100% 86,324 262,060 64,351 197,709 100% 54,548 136,370 136,370 80% 43,884 122,118 122,118 100% 89,998 267,995 267,995 100% 69,044 539,686 104,644 435,042 100% 20,400 61,200 61,200 (2) 100% 731,487 731,487 731,487 (2) 100% 1,663,969 4,326,319 4,326,319 100% 21,123 52,808 52,808 100% 182,666 767,197 767,197 100% 150,071 716,465 205,819 510,646 100% 133,269 493,095 493,095 100% 21,422 214,220 214,220 100% 673,536 1,685,702 80,055 1,605,647 100% 225,530 338,295 107,986 63,788 166,521 100% 55,206 79,382 79,382 100% 158,240 465,990 465,990 100% 104,796 155,152 60,642 94,510 100% 5,491,231 15,087,891 2,630,173 1,351,749 11,105,969 27

3 89,181 104,285 230,923 (1) 117,575 122,118 3 108,369 1 64,351 1 104,644 1 32,472 3 28,170 2 63,788 1 80,055 1 205,819 1,351,749 (1) 100% 28

69,226 20113 100% 46,037 20104 100% 155,231 20104 100% 105,750 20104 100% 112,143 20101 100% 89,174 20114 100% 58,507 20113 100% 74,872 20113 100% 32,472 20103 100% 22,280 20111 100% 2,567 20112 100% 75,508 20104 100% 198,907 20104 100% 1,092,673 29

(1) 4 11,530 2012 104,910 2013 (2) 142,000 2014 44,000 2011 4 143,583 2012 2 3 197,709 2012 (2) 136,370 2011 61,200 2012 1 2 267,995 2011 2 3 435,042 2012 1 4 731,487 2013 (2) 1 10 4,326,319 2011 52,808 2013 (2) 53,809 2012 1 4 767,197 2011 2 6 510,646 2011 1 2 493,095 2012 2 6 1,605,647 2011 2, 4 94,510 2011 (2) 1 4 214,220 2013 3 166,521 2011 (2) 79,382 2012 (2) 1 3 465,990 2012 11,105,969 (1) (2) 1,023,430 30

4/6 8,632 19,556 191 44,958 31

57,984 143,796 45,829 230,923 32

1 3 12,788 149,736 51 7,106 117,575 100% 33

43,884 122,118 69,044 539,686 1,663,969 4,326,319 34

225,530 338,295 158,240 465,990 35

104,796 155,152 673,536 1,685,702 36

150,071 716,465 21,422214,220 37

45 43 46 40

46 University College London, University of London 35 0754 38 10 41

46 18 39 Universal Travel Group (NYSE: UTA) China Green Agriculture, Inc. (NYSE: CGA) China Education Alliance, Inc. (NYSE: CEU) China Carbon Graphite Group (OTC BB: CHGI) 13 Energroups Holdings Corporation (OTC BB: ENHD) Shengtai Pharmaceutical Inc. (OTC BB: SGTI) Chinawe Asset Management Corporation (OTC BB: CHWE) China Natural Resources Incorporation (NASDAQ CM: CHNR) 0496 Guangdong South Financial Services Corporation (AICPA) 51 25 42

39 Ferrier HodgsonFerrier Hodgson 42 10 40 37 43

42 (AICPA)CFA Institute 15 13.51(2) 44

2009 3 45

2009 160 2009 10 200 46

2009 4 100 2009 12 40 2009 5 12 2009 12 2009 47

14 (A) 3.10(1) (2) 48

10 A.2.1 49

A.2.1A2.2 3.13 14 50

2/2 2/2 1/2 1/2 1/2 1/2 1/2 1/2 1/2 A.1.1 A.1.5A.1.6 A.1.8 51

52

B.1.4 26 53

(B) C.1.1 69 3.5 1.8 54

(C) 2010 55

22 3.451,000,000,000 38 74 6 56

16 19 AB AB A 33,349,997 0.667% A 0.10 B 3.4554,522,511 1.09% B 3.7 2.8 57

84(1) 3.13 58

(a) XV78 (b)352 (c) (i) 2 3 (%) 3,442,672,192(L) 3,442,672,192(L) 68.85(L) 150,000,000(S) 150,000,000(S) 3.00(S) 3,442,672,192(L) 3,442,672,192(L) 68.85(L) 150,000,000(S) 150,000,000(S) 3.00(S) 3,000,000(L) 3,000,000(L) 0.06 2,900,000(L) 2,900,000(L) 0.06 2,850,000(L) 2,850,000(L) 0.06 1,750,000(L) 1,750,000(L) 0.04 500,000(L) 500,000(L) 0.01 500,000(L) 500,000(L) 0.01 750,000(L) 750,000(L) 0.02 59

(1) LS (2) Good Health Investments LimitedGood Health Good Health Investments LimitedSeletar Limited Serangoon LimitedCredit Suisse Trust Limited50% 50% Credit Suisse Trust Limited (3) 36 (ii) (%) 1 100 1 100 1 100 1,000 100 1 100 1 100 1 100 1,000 100 60

Good Health Investments Limited Good Health Investments LimitedSeletar Limited Serangoon LimitedCredit Suisse Trust Limited50% 50% Credit Suisse Trust Limited 352 336 XV23 336 1 (%) 1,136,081,824 (L) 2 22.72(L) 1,170,508,544 (L) 150,000,000 (S) 2 23.41(L) 3.00(S) 1,136,081,824 (L) 2 22.72(L) 3,442,672,192 (L) 150,000,000(S) 2 68.85(L) 3.00(S) Good Health 3,442,672,192(L) 150,000,000(S) 2 3 68.85(L) 3.00(S) 61

1 (%) Seletar Limited Investments Pte Ltd. 3,442,672,192 (L) 150,000,000(S) 3 68.85(L) 3.00(S) Serangoon Limited 3,442,672,192 (L) 150,000,000(S) 3 68.85(L) 3.00(S) Credit Suisse Trust Limited 3,442,672,192 (L) 150,000,000(S) 4 68.85(L) 3.00(S) 3,442,672,192 (L) 150,000,000(S) 4 68.85(L) 3.00(S) 3,442,672,192 (L) 150,000,000(S) 4 68.85(L) 3.00(S) 3,442,672,192 (L) 150,000,000(S) 4 68.85(L) 3.00(S) TC Group Cayman Investment Holdings, L.P. 3,791,570,851(L) 715,688,491(S) 5 6 7 23 75.83(L) 14.31(S) TCG Holdings Cayman II, LP. 3,791,570,851(L) 715,688,491(S) 5 6 7 23 75.83(L) 14.31(S) Temasek Holdings (Private) Limited 3,941,570,651(L) 715,688,491(S) 5 6 7 23 75.83(L) 14.31(S) Credit Suisse Group AG 302,299,741(L) 150,000,000(S) 8 6.05(L) 3.00(S) Credit Suisse (Hong Kong) Limited 300,000,000(L) 150,000,000(S) 8 6.00(L) 3.00(S) Credit Suisse (International) Holding AG 300,000,000(L) 150,000,000(S) 8 6.00(L) 3.00(S) 62

1 (%) Credit Suisse AG 4,107,726,245(L) 865,688,491(S) 8 23 82.15(L) 17.31(S) CAGP Ltd 3,791,570,851(L) 715,688,491(S) 6 9 10 23 75.83(L) 14.31(S) CAGP General Partner, L.P. 3,791,570,851(L) 715,688,491(S) 9 10 23 75.83(L) 14.31(S) CAGP III Co-Investment, L.P. 3,791,570,851(L) 715,688,491(S) 9 10 23 75.83(L) 14.31(S) Carlyle Asia Growth Partners III L.P 3,791,570,851(L) 715,688,491(S) 9 10 23 75.83(L) 14.31(S) Carlyle Asia Real Estate GP, L.P. 3,791,570,851(L) 715,688,491(S) 12 13 23 75.83(L) 14.31(S) Carlyle Asia Real Estate II GP. L.P. 3,791,570,851(L) 715,688,491(S) 11 12 23 75.83(L) 14.31(S) Carlyle Asia Real Estate II, Ltd 3,791,570,851(L) 715,688,491(S) 11 23 75.83(L) 14.31(S) Carlyle Asia Real Estate Partners, L.P. 3,791,570,851(L) 715,688,491(S) 12 23 75.83(L) 14.31(S) 63

1 (%) Carlyle Asia Real Estate, Ltd. 3,791,570,851(L) 715,688,491(S) 12 23 75.83(L) 14.31(S) Carlyle Offshore Partners II, Ltd. 3,791,570,851(L) 715,688,491(S) 13 23 75.83(L) 14.31(S) Credit Suisse (USA) Inc. 3,791,570,851(L) 715,688,491(S) 14 23 75.83(L) 14.31(S) Credit Suisse Holdings (USA), Inc. 3,791,570,851(L) 715,688,491(S) 14 23 75.83(L) 14.31(S) Credit Suisse Private Equity, Inc. 3,791,570,851(L) 715,688,491(S) 14 23 75.83(L) 14.31(S) Diversified Asian Strategies Fund 3,791,570,851(L) 715,688,491(S) 15 23 75.83(L) 14.31(S) DLJ Real Estate Capital IV. Inc. 3,791,570,851(L) 715,688,491(S) 16 23 75.83(L) 14.31(S) DLJ Real Estate Capital IV, L.P. 3,791,570,851(L) 715,688,491(S) 16 23 75.83(L) 14.31(S) DLJ Real Estate Capital Partners IV, L.P. 3,791,570,851(L) 715,688,491(S) 16 23 75.83(L) 14.31(S) Forum Asia Realty Income II, L.P 3,791,570,851(L) 715,688,491(S) 17 23 75.83(L) 14.31(S) 64

1 (%) Longhill Holding Company Ltd. 3,791,570,851(L) 715,688,491(S) 18 23 75.83(L) 14.31(S) PMA Capital Management Limited 3,791,570,851(L) 715,688,491(S) 19 23 75.83(L) 14.31(S) PMA Credit Opportunities Fund 3,791,570,851(L) 715,688,491(S) 19 23 75.83(L) 14.31(S) PMA Focus Fund 3,791,570,851(L) 715,688,491(S) 20 23 75.83(L) 14.31(S) PMA Temple Fund 3,791,570,851(L) 715,688,491(S) 21 23 75.83(L) 14.31(S) RECP IV Kaisa, LLC 3,791,570,851(L) 715,688,491(S) 16 22 23 75.83(L) 14.31(S) 1. LS 2. Good Health 3. Good Health Selestar Limited Serangoon LimitedCredit Suisse Trust Limited50% 50% 4. Credit Suisse Trust Limited 5. Temasek Holdings (Private) LimitedTCG Holdings Cayman II, LP.TCG Holdings Cayman II, LP.TC Group Cayman Investment Holdings, L.P. 65

6. TC Group Cayman Investment Holdings, L.P.CAGP Ltd 7. TCG Holdings Cayman II, L.P.TC Group Cayman Investment Holdings, L.P. 8. Credit Suisse Group AG Credit Suisse AG Credit Suisse (Hong Kong) Limited Credit Suisse (International) Holding AG 9. Carlyle Asia Growth Partners III L.P. CAGP General Partner, L.P.CAGP General Partner, L.P.CAGP, Ltd. 10. CAGP III Co-Investment, L.P.CAGP General Partner, L.P. CAGP General Partner, L.P.CAGP, Ltd. 11. Carlyle Asia Real Estate Partners II, L.P.Carlyle Asia Real Estate II, Ltd. Carlyle Asia Real Estate II, GP, L.P. 12. Carlyle Asia Real Estate Partners, L.P.Carlyle Asia Real Estate Ltd. 13. Carlyle Offshore Partners II, Ltd.TCG Holdings Cayman II, L.P.TCG Holdings Cayman II, L.P. TC Group Cayman Investment Holdings, L.P. TC Group Cayman Investment Holdings, L.P. CAGP Ltd 14. Credit Suisse Private Equity, Inc. Credit Suisse (USA), Inc.Credit Suisse (USA), Inc.Credit Suisse Holdings (USA), Inc. 15. Diversified Asian Strategies Fund PMA Capital Management Limited PMA Capital Management LimitedPMA Credit Opportunities Fund 16. DLJ Real Estate Capital Partners IV, L.P. DLJ Real Estate Capital IV, L.P.DLJ Real Estate Capital IV, L.P.DLJ Real Estate Capital IV, Inc. DLJ Real Estate Capital IV, Inc.Credit Suisse Private Equity, Inc. 17. Forum Asian Realty Income II, L.P. Forum Asian Realty Income II GP Limited 18. Longhill, Ltd.Carlyle Asia Real Estate Partners, L.P. Carlyle Asia Real Estate Partners II, L.P. 19. PMA Credit Opportunities FundPMA Capital Management Limited 20. PMA Focus FundPMA Capital Management Limited 21. PMA Temple FundPMA Capital Management Limited 66

22. RECP IV Kaisa, LLC DLJ Real Estate Capital Partners IV, L.P. 23. 317 318 336 36 37 37 37(d) (1) (2) (3) 26 36 67

30% 23% 52% 5% 68

71137 69

70

6 91,731 76,692 7 1,578,600 1,278,400 8 22,634 23,248 20 119,559 91,122 1,812,524 1,469,462 8 4,388,463 4,816,003 10 3,250,938 2,375,017 11 749,713 1,279,655 12 2,526,713 1,318,719 13 1,383,871 1,144,409 142,571 108,821 14 382,966 105,836 15 3,344,453 679,271 16,169,688 11,827,731 17,982,212 13,297,193 16 440,550 1 16 4,024,775 1,490,772 17 2,203,702 1,651,180 6,669,027 3,141,953 (40,494) (40,480) 6,628,533 3,101,473 71

18 2,812,890 2,991,925 20 228,701 156,239 3,041,591 3,148,164 2,266,075 1,155,926 1,119,549 1,144,981 404,906 277,969 18 3,048,988 2,200,000 19(c) 684,736 1,305,546 19(c) 80,522 21 750,357 880,776 37,477 37(c) 1,836 8,312,088 7,047,556 11,353,679 10,195,720 17,982,212 13,297,193 7,857,600 4,780,175 9,670,124 6,249,637 77137 77137 72

9 4,658 7 12 15,022 20,455 9(b) 3,213,228 2,504,659 15 1,955,112 5,183,362 2,525,114 5,188,020 2,525,121 16 440,550 1 16 4,024,775 1,490,772 17 11,768 (353,017) 4,477,093 1,137,756 20 1,297 19(c) 684,736 1,305,546 19(c) 80,522 21 26,191 710,927 1,386,068 710,927 1,387,365 5,188,020 2,525,121 4,472,435 1,139,046 4,477,093 1,139,053 77137 77137 73

5 4,672,156 3,110,446 23 (3,352,040) (2,243,354) 1,320,116 867,092 22 37,201 (116,216) 23 (163,543) (151,821) 23 (250,105) (165,721) 7 289,847 302,557 19(c) (85,339) 27,221 1,148,177 763,112 24 9,958 7,243 24 (204,740) (117,642) (194,782) (110,399) 953,395 652,713 27 (405,538) (151,800) 547,857 500,913 547,871 500,921 (14) (8) 547,857 500,913 28 0.138 0.128 77137 74

16 16 17 1 1,490,772 1,150,259 2,641,032 (31,925) 2,609,107 500,921 500,921 (8) 500,913 (10,547) (10,547) 35 2,000 2,000 1 1,490,772 1,651,180 3,141,953 (40,480) 3,101,473 1 1,490,772 1,651,180 3,141,953 (40,480) 3,101,473 547,871 547,871 (14) 547,857 16(b) 88,110 2,951,686 3,039,796 3,039,796 16(c) 344,697 (344,697) 16(d) 7,742 (4,407) 3,335 3,335 19(c) 165,727 165,727 165,727 (234,306) (234,306) (234,306) 9 4,651 4,651 4,651 440,550 4,024,775 2,203,702 6,669,027 (40,494) 6,628,533 77137 75

29 1,036,847 (1,309,277) (268,326) (175,151) (490,923) (502,500) 277,598 (1,986,928) 6 (25,284) (44,693) 33 (259,891) (824,655) (170,365) (68,287) 29 1,623 364 24 9,958 7,243 (443,959) (930,028) 3,622,224 3,914,000 (2,952,271) (1,932,600) 35 2,000 19(c) (682,876) 16(b) 3,039,796 16(d) 3,335 (234,306) (1,836) (1,174) 37,477 2,831,543 1,982,226 2,665,182 (934,730) 679,271 1,624,780 (10,779) 15 3,344,453 679,271 77137 76

1. Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands8 20 2001 2. (a) 4 77

2. (a) 1 1 814 8 27 27 78

2. (a) 3 3 5 1 1 5 78 10 18 34 1 7 17 18 36 38 39 2 5 2 3 79

2. (a) 8 9 16 16 (b) (i) 80

2. (b) (ii) (c) (d) (i) (ii) 81

2. (d) (iii) (e) 20 5 10 3 8 82

2. (e) (f) 83

2. (f) 16 (g) (h) (i) 84

2. (j) (k) (l) (m) 85

2. (n) (o) (p) (q) 86

2. (r) (s) (i) (ii) 87

2. (s) (ii) 5% (iii) 12 (iv). 88

2. (t) (u) (i) 89

2. (u) (ii) (iii) (iv) (v) (v) (i) (ii) (w) (x) 90

2. (y) 3. 91

3. (a) (i) (1) 5% 69,449,000 65,023,000 5% 60,585,000 65,091,000 92

3. (a) (i) (2) 100 16,069,000 9,106,000 100 12,704,000 15,713,000 (ii) 93

3. (a) (ii) (iii) 19 19 b 94

3. (a) (iii) 1 1 2 2 5 5 3,293,699 752,964 1,729,888 767,286 6,543,837 712,575 712,575 1,119,549 1,119,549 750,357 750,357 37,477 37,477 5,913,657 752,964 1,729,888 767,286 9,163,795 2,464,597 2,728,432 395,669 5,588,698 1,607,498 1,607,498 1,144,981 1,144,981 880,776 880,776 1,836 1,836 20,848 20,848 6,120,536 2,728,432 395,669 9,244,637 95

3. (a) (iii) 1 1 2 2 5 712,575 712,575 26,191 26,191 738,766 738,766 1,607,498 1,607,498 20,848 20,848 1,628,346 1,628,346 (b) 18 19 96

3. (b) 18 5,861,878 5,191,925 19 684,736 1,305,546 15 (3,344,453) (679,271) 3,202,161 5,818,200 6,628,533 3,101,473 9,830,694 8,919,673 33% 65% (c) 7 1 2 3 2 97

4. (a) 111,398,000 (b) 289,800,000 302,600,000 98

4. (c) 2(g) (d) (e) 19 99

5. 4,513,257 2,947,371 70,320 100,405 52,478 58,494 40,277 4,672,156 3,110,446 100

5. 4,513,257 100,405 58,494 4,672,156 874,892 65,766 18,279 (15,268) 943,669 289,847 289,847 (85,339) (85,339) 874,892 355,613 18,279 (100,607) 1,148,177 9,958 (204,740) (194,782) 953,395 (405,538) 547,857 29,073,029 3,831,972 1,030,766 12,569,267 (28,784,952) 17,720,082 262,130 17,982,212 20,144,965 11,158 1,709,044 259,949 6,608,719 (24,560,377) 4,173,458 7,180,221 11,353,679 6 10,973 1,033 613 1,009 13,628 8 10,741 10,741 6 7 8 299,759 277 365 4,153 304,554 101

5. 2,947,371 70,320 52,478 40,277 3,110,446 241,680 51,488 35,569 10,378 94,219 433,334 302,557 302,557 27,221 27,221 241,680 51,488 338,126 10,378 121,440 763,112 7,243 (117,642) (110,399) 652,713 (151,800) 500,913 23,111,264 2,859,652 623,666 7,557,329 (21,054,661) 13,097,250 199,943 13,297,193 13,944,303 22,452 1,981,736 41,192 4,449,827 (17,255,992) 3,183,518 7,012,202 10,195,720 6 6,743 1,353 1,246 353 998 10,693 8 4,129 4,129 6 7 8 2,426,187 1,909 868 2,202 4,597 2,435,763 102

5. 6 7 8 103

6. 35,683 16,886 10,229 62,798 (3,860) (8,991) (4,427) (17,278) 31,823 7,895 5,802 45,520 31,823 7,895 5,802 45,520 33 643 54 697 15,102 4,265 25,215 44,582 (1,351) (2,063) (3,414) (1,784) (4,251) (4,658) (10,693) 45,141 7,201 24,350 76,692 50,784 17,149 32,309 100,242 (5,643) (9,948) (7,959) (23,550) 45,141 7,201 24,350 76,692 45,141 7,201 24,350 76,692 33) 27 4,487 4,514 13,012 3,806 8,466 25,284 (780) (351) (1,131) (3,843) (3,013) (6,772) (13,628) 54,310 7,241 30,180 91,731 63,796 18,872 42,770 125,438 (9,486) (11,631) (12,590) (33,707) 54,310 7,241 30,180 91,731 104

6. 18,735,000 30,039,000 18) 13,628,000 10,693,000 7. 1,278,400 518,560 1,346 144,050 313,233 9,007 289,847 302,557 1,578,600 1,278,400 60,488 32,206 11,168 5,516 289,847 302,557 105

7. 50 149,800 64,800 10 50 1,428,800 1,213,600 1,578,600 1,278,400 1,428,800,000 477,800,000 18 8. 4,839,251 3,218,384 237,865 1,442,011 33 36,891 948,473 (10,741) (4,129) (72,887) (73,205) (89,609) (617,936) (458,624) (1,346) (144,050) 4,411,097 4,839,251 (4,388,463) (4,816,003) 22,634 23,248 10 50 1,300,218 1,152,612 50 70 3,110,879 3,686,639 4,411,097 4,839,251 106

8. 2,870,718,000 1,933,979,000 18) 9. 7 7 17(c) 4,651 4,658 7 b 3,213,228 2,504,659 (a) (b) 38 10. 2,754,307 2,075,263 333,691 188,005 162,940 111,749 3,250,938 2,375,017 1,346,121,000 1,401,223,000 ) 18) 107

11. 18 12. a 91,432 17,350 b 189,616 49,882 c 247,900 302,230 d 1,919,117 871,051 15,022 20,455 15,022 20,455 63,626 57,751 2,526,713 1,318,719 15,022 20,455 (a) 90 81,080 17,350 91 180 ii 10,352 91,432 17,350 (i) (ii) 1 3 (b) (c) (d) (e) (f) (g) 108

13. 14. (a) 196,819,000 21,085,000 (b) 171,647,000 84,751,000 31) 15. 1,539,623 778,395 1,914,492 4,965 1,750,265 273,304 1,747 204,847 3,727,419 785,107 1,955,112 14 (382,966) (105,836) 3,344,453 679,271 1,955,112 109

16. 0.10 3,800,000 380 380 380 (a) 49,996,200,000 4,999,620 4,405,165 4,405,165 50,000,000,000 5,000,000 4,405,545 4,405,545 10,870 1 1 1,490,772 1,490,773 (b) 1,000,000,000 100,000 88,110 2,951,686 3,039,796 (c) 3,912,116,622 391,212 344,697 (344,697) (d) 87,872,508 8,787 7,742 (4,407) 3,335 19(c) 165,727 165,727 (234,306) (234,306) 5,000,000,000 500,000 440,550 4,024,775 4,465,325 (a) 49,996,200,000 0.10 380,000 5,000,000,000 (b) 3.451,000,000,000 0.10 3,450,000,000 3,039,796,000 (c) 3,912,116,622 391,212,000 344,697,000 (d) AB 87,872,508 0.10 19(b)) 110

17. a b c 382 24,835 130,929 994,113 1,150,259 500,921 500,921 100,091 (100,091) 382 24,835 231,020 1,394,943 1,651,180 547,871 547,871 13,258 (13,258) 4,651 4,651 382 24,835 244,278 4,651 1,929,556 2,203,702 c (59,480) (59,480) (293,537) (293,537) (353,017) (353,017) 360,134 360,134 4,651 4,651 4,651 7,117 11,768 111

17. (a) (b) 10% 5% 10% 13,258,000 100,091,000 (c) 36(a)) 18. 2,552,890 1,232,800 260,000 1,484,600 274,525 2,812,890 2,991,925 1,050,500 990,000 1,724,600 1,210,000 273,888 3,048,988 2,200,000 112

18. (a) 3,588,890,000 2,222,800,000 6 7 8)14,500,000 (b) 8 (c) 2,784,390 1,142,800 1,948,488 2,969,125 4,732,878 4,111,925 222,800 4,732,878 4,334,725 113

18. (d) 6 6 12 1 5 5 989,600 1,823,290 2,812,890 1,007,400 1,984,525 2,991,925 2,231,988 817,000 3,048,988 1,760,000 440,000 2,200,000 (e) 1 2 635,000 2,619,125 2 5 1,568,890 372,800 5 609,000 2,812,890 2,991,925 5.7% 7.9% 5.8% 7.4% 8.0% 8.0% 114

19. (a) 36 200,000,000 A B (i) 13.5% 8.8% (ii) B (iii) A (b) 100,000,000 13.5%8.4% A B 16) 115

19. (c) 1,358,021 116,739 179,319 (126,929) (27,221) (104,865) (8,996) 1,305,546 80,522 (682,876) 180,643 (120,793) 85,339 2,216 (134) (165,727) 684,736 649,770,000 1,178,322,000 13.5% 33% 8.4% 13.5% (d) 116

20. 75,386 79,522 44,173 11,600 119,559 91,122 (228,701) (156,239) (65,117) (60,349) 27 (44,025) (4,768) (109,142) (65,117) (1,297) 117

20. 3,282 15,036 18,318 (4,579) 27,033 50,350 72,804 (1,297) 42,069 50,350 91,122 1,297 33,317 (6,177) 28,437 75,386 44,173 119,559 78,667 77,572 156,239 72,462 228,701 118

20. 107,227,000 63,858,000 111,398,000 45,016,000 1,113,984,000 450,162,000 21. 223,015 167,142 26,191 338,978 509,344 150,101 198,998 38,263 5,292 750,357 880,776 26,191 119

22. 2,628 1,582 14,395 17,782 (213,000) 2,396 95,202 37,201 (116,216) 23. 2,863 900 122,627 119,765 28,661 10,310 246,748 114,424 3,054,987 2,097,172 3,707 2,829 12,606 6,994 6 13,628 10,693 8 10,741 4,129 25 120,285 89,387 11,879 7,362 136,956 96,931 3,765,688 2,560,896 120

23. 5% 5% 5% 5% 24. 348,284 301,335 180,643 179,319 21,846 21,846 550,773 502,500 (346,033) (384,858) 204,740 117,642 9,958 7,243 5.31% 6.96%) 121

25. 103,295 73,953 3,531 3,517 1,732 1,856 3,510 8,217 10,061 120,285 89,387 26. (a) a 937 200 2 36 265 1,440 e a 169 86 163 418 a 32 70 102 4,006 11 4,017 2,289 11 2,300 a 32 47 79 a 1,074 200 2 36 279 1,591 a 966 200 2 47 270 1,485 a 32 47 79 9,537 686 6 141 1,141 11,511 122

26. (a) c 160 4 164 1,128 11 1,139 b d 1,636 82 2 37 1,757 2,924 82 2 52 3,060 (a) (b) (c) (d) (e) 123

26. (b) (a) 4 2,666 5,373 262 393 59 164 140 3,127 5,930 1,000,001 1,500,000 1 1 1,500,001 2,000,000 2 4 2,500,001 3,000,000 1 4,500,001 5,000,000 1 5 5 124

27. 20% 25% 18% 25% 30% 60% 217,166 135,035 144,347 11,997 20 44,025 4,768 405,538 151,800 125

27. 953,395 652,713 20% 18% 190,679 117,489 34,764 27,699 5,542 (4,538) (1,875) (19,315) 23,407 10,607 8,674 7,861 261,191 139,803 144,347 11,997 405,538 151,800 28. 547,871 500,921 3,977,697,890 3,912,127,492 0.138 0.128 547,871,000 500,921,000 3,977,697,8903,912,127,492 3,912,116,622 87,872,508 126

29. 547,857 500,913 27 405,538 151,800 24 (9,958) (7,243) 24 204,740 117,642 (2,396) (95,202) 6 13,628 10,693 8 10,741 4,129 (492) 3,050 (14,395) 22 213,000 4,651 (289,847) (302,557) 85,339 (27,221) 673,229 230,064 (8,953) (1,400,255) (1,236,484) (46,998) (183,355) (708,015) (277,130) (21,436) 1,110,149 (218,261) (25,432) 568,631 29,417 (282,011) 1,036,847 (1,309,277) 1,131 3,414 (1,623) (364) (492) 3,050 127

30. 31. 2,391,887 1,629,013 (i) (ii) 32. (a) 4,246,961 7,300,651 128

32. (b) 12,847 9,617 7,777 9,950 1,315 20,624 20,882 (c) 91,891 81,124 316,547 275,981 276,550 196,548 684,988 553,653 33. 100% 37(e)) 843,349,000 315,949,000 100% 260,000,000 129

33. 4,514 697 36,891 948,473 8,744 31,423 110 109 18,694 (10,529) (37,584) 39,729 961,813 260,000 843,349 (109) (18,694) 259,891 824,655 260,000 843,349 315,949 260,000 1,159,298 (39,729) (961,813) 220,271 197,485 130

34. 8,250 8,250 8,250 15,000 (6,750) 8,250 8,250 (8,250) 35. 10,000,000 20% 2,000,000 131

36. (a) 50,000,000 3.1053.45 10% 50,000,000 83,870,000 3.45 3.10574%3 0.72% (b) 30% 10 10 (i) (ii) (iii) 132

37. (a) Chibase (Asia) Investment Limited Friendship (China) Investment Limited Year Up Investment Limited (b) 13,912 9,330 239 271 1,660 15,811 9,601 133

37. (c) 1,836 (d) 1,080 849 (e) 191,174,000 (f) 18(iii) 134

38. 10,000,000 100% 168,000,000 55% 730,000,000 100% 12,000,000 100% 540,000,000 100% 12,000,000 100% 10,000,000 100% 20,000,000 100% 109,200,000 100% 31,878,000 100% 4,800,000 100% 12,000,000 100% 10,000,000 100% 51,480,000 100% 10,000,000 100% 10,000,000 100% 10,000,000 100% 10,000,000 100% 135

38. 204,680,000 100% 1,000,000 100% 13,480,000 100% 10,000,000 100% 50,000,000 100% 10,000,000 100% 38,000,000 100% 20,000,000 100% 2,500,000 100% 10,000,000 100% 1,000,000 100% 10,000,000 100% 20,000,000 100% 2,000,000 100% 10,000,000 100% 10,000,000 100% 3,000,000 100% 200,000,000 100% 60,000,000 100% 136

38. 2,000,000 100% 60,000,000 100% 10,000,000 100% 10,000,000 100% 10,000,000 80% 50,000,000 100% 30,000,000 100% 137

43,274 45,520 76,692 91,731 482,060 518,560 1,278,400 1,578,600 24,572 23,822 23,248 22,634 102,135 8,520 18,318 91,122 119,559 660,561 606,220 1,469,462 1,812,524 1,225,577 3,194,562 4,816,003 4,388,463 1,022,693 2,134,897 2,375,017 3,250,938 173,844 171,176 1,279,655 749,713 1,156,296 1,858,045 1,318,719 2,526,713 418,827 769,064 1,144,409 1,383,871 16,634 25,960 108,821 142,571 398,051 88,995 84,400 105,836 382,966 570,262 1,624,780 679,271 3,344,453 5,071,179 9,862,884 11,827,731 16,169,688 5,731,740 10,469,104 13,297,193 17,982,212 138

1 1 1 440,550 1,490,772 1,490,772 4,024,775 642,986 1,150,259 1,651,180 2,203,702 642,987 2,641,032 3,141,953 6,669,027 (31,925) (40,480) (40,494) 642,987 2,609,107 3,101,473 6,628,533 1,351,525 1,634,525 2,991,925 2,812,890 1,358,021 69,542 78,667 156,239 228,701 1,421,067 3,071,213 3,148,164 3,041,591 774,017 1,374,187 1,155,926 2,266,075 577,398 576,349 1,144,981 1,119,549 58,973 223,227 277,969 404,906 1,010,000 1,576,000 2,200,000 3,048,988 1,305,546 684,736 116,739 80,522 421,666 919,272 880,776 750,357 37,477 825,632 3,010 1,836 3,667,686 4,788,784 7,047,556 8,312,088 5,088,753 7,859,997 10,195,720 11,353,679 5,731,740 10,469,104 13,297,193 17,982,212 1,403,493 5,074,100 4,780,175 7,857,600 2,064,054 5,680,320 6,249,637 9,670,124 139

2,398,660 2,239,360 3,110,446 4,672,156 (1,826,484) (1,265,501) (2,243,354) (3,352,040) 572,176 973,859 867,092 1,320,116 3,134 10,422 (116,216) 37,201 (83,786) (59,346) (151,821) (163,543) (81,518) (157,243) (165,721) (250,105) 231,742 36,500 302,557 289,847 (18,642) 27,221 (85,339) 641,748 785,550 763,112 1,148,177 12,576 9,029 7,243 9,958 (30,222) (52,438) (117,642) (204,740) (17,646) (43,409) (110,399) (194,782) (65) (1) 624,037 742,140 652,713 953,395 (130,695) (258,770) (151,800) (405,538) 493,342 483,370 500,913 547,857 493,342 483,369 500,921 547,871 1 (8) (14) 493,342 483,370 500,913 547,857 0.128 0.138 1 140

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