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NANJING SINOLIFE UNITED COMPANY LIMITED 南京中生聯合股份有限公司 NANJING SINOLIFE UNITED COMPANY LIMITED 南京中生聯合股份有限公司 於中華人民共和國註冊成立的股份有限公司 股份代號 : 3332 NANJING SINOLIFE UNITED COMPANY LIMITED 南京中生聯合股份有限公司 全 球 發 售 獨家全球協調人 獨家賬簿管理人 獨家牽頭經辦人及獨家保薦人 Sinolife_Cover_B10.indd 1 * 僅供識別 * 僅供識別 * 僅供識別 24/12/2013 10:01 AM

NANJING SINOLIFE UNITED COMPANY LIMITED * : 203,800,000 H : 20,380,000 H : 183,420,000 H : H 2.00 1% 0.003%0.005% : H0.10 : 3332 32342C 2014 1 9 2014 1 132.001.50 2.00 1% 0.003%0.005% 2.00 1.502.00 www.hkexnews.hk www.zs-united.com H8 S * 2013 12 31

(1) (2)...................... 2014 1 811 45........... 2014 1 812 (3)...... 2014 1 812 www.eipo.com.hk eipo (4)............... 2014 1 811 30 eipo.............. 2014 1 812.......................... 2014 1 812 (5)........................................ 2014 1 9 www.hkexnews.hk www.zs-united.com................ 2014 1 14 11. www.iporesults.com.hk.............. 2014 1 14 i

(1) H (6).... 2014 1 14 H............... 2014 1 159 (1) (2) 2014 1 89 12 (3) (4) 11 30www.eipo.com.hk 11 30 12 (5) 2014 1 92014 1 13 2014 1 13 (6) 1,000,000 2014 1 14 H 9 1H 183 17 1712-1716H HH H H ii

(1) H HH H iii

571V 2013 12 9H H H H iv

HH H H H H H H HH HHH (a) (b) (c) HH (d) v

H H H H HH HH 2013 12 16 0.78841.001.007.7533 vi

........................................................ i.......................................................... iv.............................................................. 1.............................................................. 20.......................................................... 33........................................................ 37.......................................................... 39............................................... 63...................................... 66.......................................................... 71.......................................................... 73.......................................................... 84........................................................ 98.............................................................. 112....................................... 180................................................... 192...................................................... 196.............................................................. 199.............................. 202.......................................................... 204............................................. 248........................................................ 251.............................................................. 253.................................................... 266........................................... 273............................................. I-1................................... II-1............................................... III-1............................................. IV-1..................................... V-1........................................... VI-1......................................... VII-1............................ VIII-1 vii

H H H 2012 5,800 2013 6 30 49 2012 Q10 Q10 67.1% 7.1 1

2001 2009 27 10 2013 6 30 14 10 Conbair CoKanga24 231 12 31 6 30 2010 2011 2012 2012 2013.......... 48,410 61,332 95,744 38,547 36,635............ 41,399 55,147 88,843 35,802 33,563.......... 85.5% 89.9% 92.8% 92.9% 91.6%.......... 16,922 40,837 52,613 25,505 45,537............ 11,570 27,849 40,782 18,909 38,711.......... 68.4% 68.2% 77.5% 74.1% 85.0% 2

12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%) Q10. 18,107 27.1 34,504 33.4 42,179 28.0 16,489 25.4 14,969 17.4.... 1,327 1.3 24,280 16.1 12,623 19.5 2,014 2.3........ 253 0.4 574 0.6 20,076 13.4 5,063 7.8 7,391 8.6........ 483 0.7 4,751 4.6 3,526 2.4 1,405 2.2 9,443 11.0 (1).......... 29,567 44.2 20,176 19.5 5,683 3.8 2,967 4.6 2,818 3.3............ 48,410 72.4 61,332 59.4 95,744 63.7 38,547 59.5 36,635 42.6.... 1,641 2.5 7,673 7.4 22,399 14.9 11,279 17.4 13,504 15.7...... 3,980 3.9 10,311 6.8 6,600 10.2 10,312 12.0.... 627 0.9 463 0.4 557 0.4 128 0.2 25...... 2,127 3.2 6,767 6.6 5,276 3.5 931 1.4 5,339 6.2 DHA.... 17 4,450 5.2...... 3,533 5.3 7,076 6.9 1,662 1.1 937 1.4 712 0.8.... 3,680 5.5 5,766 5.6 1,323 0.9 622 1.0 860 1.0 (2).......... 5,314 7.9 9,112 8.8 11,068 7.4 5,008 7.7 10,335 12.1............ 16,922 25.3 40,837 39.6 52,613 35.0 25,505 39.3 45,537 53.0 (3).......... 1,518 2.3 1,075 1.0 2,015 1.3 767 1.2 3,793 4.4............ 66,850 100.0 103,244 100.0 150,372 100.0 64,819 100.0 85,965 100.0 (1) D (2) Omega-3DHA (3) 3

12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%) (1)... 41,174 61.6 57,485 55.7 93,001 61.8 37,176 57.4 35,400 41.2 (2)... 7,236 10.8 3,847 3.7 2,743 1.8 1,371 2.1 1,235 1.4.. 16,922 25.3 40,837 39.6 52,613 35.1 25,505 39.3 45,537 53.0 (3).......... 1,518 2.3 1,075 1.0 2,015 1.3 767 1.2 3,793 4.4............ 25,676 38.4 45,759 44.3 57,371 38.2 27,643 42.6 50,565 58.8............ 66,850 100.0 103,244 100.0 150,372 100.0 64,819 100.0 85,965 100.0 (1) (2) (3) 4

2013 6 308 25 35 20 13 2 14 2013 5 http://conbair.tmall.com 12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%)...... 62,589 93.6 98,898 95.8 146,055 97.1 63,331 97.7 82,722 96.2.... 1,598 1.1 12 2,878 3.4............ 62,589 93.6 98,898 95.8 147,653 98.2 63,343 97.7 85,600 99.6............ 4,261 6.4 4,346 4.2 2,719 1.8 1,476 2.3 365 0.4 (1).......... 66,850 100.0 103,244 100.0 150,372 100.0 64,819 100.0 85,965 100.0 (1) 2013 52013 6 30 5

2013 6 3035 7 22 2010............................... 13 15 2011............................... 15 24 2012............................... 24 34 2013 6 30............. 34 35 12 31 6 30 2010 2011 2012 2013............... 9 15 19 20............... 2 2 7 7............... 2 2 3 3............... 1 1 1 1............... 0 1 1 1............... 0 1 1 1............... 1 2 2 2 2012 62013 6 301314 2012 6 30 2012 12 31 2013 6 30.......................... 1 5 9.......................... 0 0 1.......................... 0 0 1.......................... 0 0 2.......................... 0 0 1 6

201020112012 12 312013 6 30 0.90.2 0.50.1 (i)(ii) (iii)2015 800,000650,0002,000,000 100.0 (i) (ii) 10202015 4.7 2015 7

12 31 6 30 2010 2011 2012 2012 2013......... 13.3 13.3 13.3 6.7 6.7........... 1.6 6.5 5.0 1.1 0.6 (1)............ 12.0% 48.9% 37.6% 16.4% 9.0%......... 134.4 134.4 134.4 67.2 67.2........... 58.1 23.2 18.1 8.2 7.5 (1)............ 43.2% 17.3% 13.5% 12.2% 11.2% (1) 250 GMP 250 20112010 2011Q10 20122013 2013 6 30 390,000 8

17 201020112012 12 312013 6 30 4.012.8 9.42.5 9 GMP Pharmaceuticals Pty Ltd. TGA 20142016 5% 9

10

65.0% 2013 5 22 10.0%7.5% 2013 6 30 86.9% 34.5% 201020112012 12 312013 6 30 93.1% 90.8% 91.6% 88.6% 11

20062011 (i)q10 (ii)q10 (iii) Q10(iv) (v) 2006 Q10 2011 120102005 Q102013 10 18 12

12 31 6 30 2010 2011 2012 2012 2013............... 66,850 103,244 150,372 64,819 85,965............. (13,588) (20,080) (20,276) (9,881) (11,264)................. 53,262 83,164 130,096 54,938 74,701....... 20,995 47,207 76,912 34,433 40,278........... (5,207) (12,393) (19,675) (8,265) (10,578)......... 15,788 34,814 57,237 26,168 29,700........... 75 (108) (11) (412)........... 15,863 34,706 57,226 26,168 29,288....... 0.29 0.63 1.04 0.48 0.53 13

12 31 6 30 2010 2011 2012 2013............ 25,037 24,338 28,204 28,494.............. 45,970 89,558 111,427 164,634................ 71,007 113,896 139,631 193,128.............. 10,520 18,703 20,118 20,327.............. 60,487 95,193 119,513 172,801.......... 71,007 113,896 139,631 193,128 6 30 12 31 12 31 6 30 2010 2011 2012 2013........ (1) 4.4 4.8 5.5 8.1........ (2) 3.9 4.2 4.9 7.6.... (3).... (4)...... (5) (1) = (2) = (3) = (4) = (5) = 14

2013 10 31 2013 10 31 66.36.459.9 2013 10 31 90.3%2013 10 31 2013 10 31 2013 6 30 2013 6 30 2013 10 31................................. 9,962 4,248....................... 339 330 (1)...................... 3,849 2,308................................. 4,188 2,638 (1) 15

2013 6 302.0 2013 6 302013 6 30 31.713.8 17.9 (i) H203,800,000(ii) 814,911,000 H 1.50 H 2.00.. 1,222.4 1,630.0 (1)............ 0.62 0.74 (1) H 1.75 333.9 16

43%143.6 31%103.6 800,000650,0002,000,000 6%20.0 6%20.0 34%113.5 23%76.8 6%20.0 3%10.0 2%6.7 Q10 Q10 17

18%60.1 6%20.02014 2014 4572 12%40.120152016 201520162080 5%16.7 201020112012 12 31 2013 6 306.0 35.026.0 30% 18

13 15 32 2013 9 2012 122013 6 30 0.1% Conbair 2013 12 31 2013 6 30 2013 6 30 13.8 2013 12 31 19

AQIS Australian Quarantine and Inspection Service 2013 9 3 2008 4 9 20

2008 4 22 2011 4 6 Cobayer Health Food Company Australia Cobayer Health Food Co Pty Ltd. 2009 3 2 21

Conbair Cokanga Cobayer Health Food Company2013 9 2 32 1999 5 24 2013 12 21 0.10 22

2007 3 16 2008 1 1 eipo 2008 6 27 H H 0.10 2008 4 2 23

20,380,000 H 1% 0.005% 0.003% 20,380,000 H 2013 12 30 24

183,420,000 H H 2014 1 9 2008 4 30 2013 12 23 H 2014 1 15 25

1994 8 27 2011 7 15 2013 7 1 26

2003 6 17 2005 3 2 90% 10%2011 7 27 1% 0.003% 0.005% H H 27

30 30,570,000 H 2005 10 27 2006 1 1 2014 1 9 2014 1 13 28

2011 6 24 S S 571 2011 4 18 2013 3 31 2013 7 31 2013 11 18 0.10 29

2009 4 23 2011 3 1 2 45 1 6 1994 8 4 30

2008 3 26 TGA Therapeutic Goods Administration 201020112012 12 31 2013 6 30 1933 eipo eipowww.eipo.com.hk eipo 31

2011 5 23 2008 4 10 2011 4 28 2012 6 27 ( )( )( ) * 32

- 9,12,15- Omega-3 5--3- - D 33

Q10 GMP (Good Manufacturing Practice) 27 34

Omega-3 60%- 10 35

E 36

37

38

H H 2010 66.9 2011 103.22012 150.4 20102012 49.9% 201013 2013 6 30 8 253514 20144572 39

201020112012 12 31 2013 6 30 79.7% 80.6% 86.5% 86.9%201020112012 12 312013 6 30 23.6% 33.7% 38.1% 34.5% 72.0 800,000650,0002,000,000 2015 100.0 40

10 202015 4.7 2015 Q10 2012 6 30 16.5201315.0 2012 6 30 12.620132.0 41

201020112012 12 312013 6 30 74.8% 67.7% 61.3% 55.9% 93.1% 90.8% 91.6% 88.6% 201020112012 12 31 2013 6 30 70.1% 87.8% 94.5% 82.9% 42

43

2013 8 13 44

2013 9 45

2010 20112012 12 312013 6 30 1.1 1.43.93.0 46

2014 12 312015 12 31 2014 12 31 2013 5 13 47

20062011 (i) Q10 (ii) Q10(iii) Q10(iv) (v) 2006 Q10 48

2010 2010 Q10Q10 1.0 49

50

18% 25%8,00054,000 16% 27% 51

15 60 14 52

20112012 1.0 1.52012 6 302013 0.6 1.0 53

441 3,986.4 44 10 859.6 21.6% 44 9 54

Q10Q10 1.0 55

30 2008 56

20142016 1994 19942005 7 10 2005 7 21 H 57

HH H 58

20% 10% 10%(i)10% (ii)10% 20% (iii)20% H10% 2008 11 6H [2008]897 H10% H H H H H H 2070 59

20092013 60

HH HH H HH H H H H HHHH HH H 61

H HH H 62

8.1219A.15 8.1219A.15 8.1219A.15 (a) 3.05 (b) (i) 63

(ii) (c) 3A.19 13.46 (d) (e) (f) 3.288.17 (i)(ii)159 (iii)50 (i) (ii) 64

(iii) 3.29(iv) 3.28 3.288.17 3 3.28 8.17 3.28 3.28 8.173 3 3 3.288.17 33.288.17 65

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220 28 101 51 11205 19 13-603 FCPA (Australia), FCPA (HK), FCIS, FTI (HK) 1 32 F 67

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73 1970 30 2008201231.4 51.923,70838,449 13.4% 12.8% 20082012 2008 100 80 60 40 20 0 50,000 40,000 30,000 20,000 10,000 0 31.4 23,708 25,608 30,015 35,198 38,449 34.1 40.2 47.3 51.9 2009 2010 2011 2012

2008 15,7812012 24,56511.7% 2008 4,7612012 7,919 13.6% 20082012 25,000 20,000 15,000 15,781 17,175 19,109 21,810 24,565 10,000 5,000 4,761 5,153 5,919 6,977 7,919 0 2008 2009 2010 2011 2012 2012 74

2012 50,000 45,000 40,188 40,000 35,000 30,000 26,253 25,000 20,000 15,000 10,000 5,000 0 36,469 24,046 34,550 21,545 30,227 22,396 29,677 18,825 29,626 20,024 24,565 16,674 2012 201273.7 602012 6014.3% 20082012 100.0% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 12.0% 12.5% 13.3% 13.7% 14.3% 69.0% 69.0% 70.1% 69.8% 69.2% 19.0% 18.5% 16.6% 16.5% 16.5% 2008 2009 2010 2011 2012 0-14 15-59 60 75

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20082012 2008 2009 2010 2011 2012... 81.9% 81.3% 81.0% 81.0% 81.0% (1)............... 9.1% 9.2% 9.3% 9.3% 9.5% (2)............. 1.5% 1.5% 1.5% 1.5% 1.6%............. 0.6% 0.8% 1.0% 1.2% 1.4%................ 7.0% 7.2% 7.3% 7.0% 6.6% (1) (2) 2012 12 31 2012 2010 2012 2012 (1) 1 104 380 9.0% 3.7 2 Fancl 140 350 32.3% 2.5 3 DHC Co., Ltd. 590 200 41.4% 0.3 4 210 180 22.5% 0.9 5 39 150 50.0% 3.9 (1) 78

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Q10 Q10 Q102010 302012 6320102012 44.5%2015153 20122015 34.4% Q10 2010 2011 2012 2010 2012 1 (1)............................ 18 59.4% 35 67.0% 42 67.1% 52.8% 2 (2)............... 4 13.3% 5 9.7% 6 9.5% 22.5% 3............. 4 13.3% 4 8.3% 5 7.6% 11.8% (1) Q10Q10Q10 (2) 2010 303 2012 4442010201220.9% 2015839 20122015 23.6% 81

2010 2011 2012 2010 2012 1.......................... 77 25.4% 95 26.7% 120 27.1% 24.8% 2............... 65 21.4% 75 21.1% 88 19.8% 16.4% 3........... 50 16.5% 55 15.5% 60 13.5% 9.5% 4........... 20 6.6% 23 6.5% 25 5.6% 11.8% 5 (1)............................ 0.3 0.1% 1 0.2% 20 4.5% 1,314.2% (1) 2010 1812012 29420102012 27.3%2015578 20122015 25.3% 2010 2011 2012 2010 2012 1............. 43 23.7% 53 23.5% 65 22.1% 22.9% 2............. 45 24.8% 50 22.1% 60 20.4% 15.5% 3......... 40 22.3% 46 20.4% 52 17.7% 14.0% 4............. 28 15.4% 43 19.0% 50 17.0% 33.6% 5 (1)............................ 1 0.6% 24 8.3% (1) 82

1979 600,000 83

2009 6 1 1995 10 30 2009 6 12009 2 28 2009 6 1 2009 7 20 2009 6 1 2009 6 1 2005 7 9 2005 9 1 84

2005 9 1 2009 7 30 2005 4 30 2005 7 1 1996 3 15(i) (ii) 85

86

2005 7 1 2005 7 1 2010 7 23 87

GMP 1998 5 5 1999 1 1 2003 4 2 GMPGMP 2008 2 2 GMP GMPGMP 2009 6 10 2009 6 1 2009 7 20 2011 9 13 2012 3 1 88

1989 12 26 1984 5 11 2008 2 281987 9 5 1995 8 292000 4 29 1995 10 30 2004 12 29 89

1994 10 27 1995 2 1 1987 10 26 1987 12 1 1998 12 3 2005 5 24 2005 7 1 2009 7 30 2009 9 8 2010 1 1 90

2007 10 16 2008 1 1 1993 2 222000 7 82009 8 27 1993 10 31 1994 1 1 2009 12 26 2010 7 1 91

1982 8 23 1983 3 11993 2 222001 10 27 2002 8 3 2002 9 15 2008 12 27 1994 7 5 1995 1 1 2008 1 1 2012 12 28 2002 6 29 2002 11 1 2009 8 27 92

2010 10 28 2011 7 1 1999 4 32002 3 24 AQISAQIS FSANZ AQIS1982Export Control Act 1982 AQIS DAFF Office of Legislative Drafting Attorney-General s Department ZDCN02 ZDCN01 ZD001 93

ZD015 ZD016 AQISAQIS AQIS Office of Legislative Drafting and Publishing, Attorney-General s Department 2007 10 122005 Export Control (Milk and Milk Product) Order 2005 3.1 3.2 2007 1(Export Control (Milk and Milk Products) Amendment Order 2007 (No. 1))20052005 (a) (b) (c) (d) (e) 1991Food Standards Australia New Zealand Act 19913Australia New Zealand Food Standards Code 2005 CRISs DAFF2009 7 1 Import Clearance Program and Seaports Program CRISs2005 Australian Government Cost Recovery Guidelines (2005) DAFF 94

AQIS HACCP AQIS 2009a Export Control (Meat and Meat Products) Orders 2005AQIS AQIS Australian Meat and Live-Stock Industry Act 1997 MPI 1981 (Food Act 1981) 1984Food Regulations 1984 2002Australia New Zealand Food Standards Code 2002 1981Food Act 19812003(Wine Act 2003) 1999Animal Products Act 1999 MPI 95

MPI MPI MPI Overseas Market Access Requirements OMARs MPI Approved Premises Notice 1999Animal Products Act 19991999Animal Products Act 1999 1999 Animal Products Act 1999 MPI MPI 96

MPI RMPRMP MPI MPI RMP RMP 300,000 50,0001999(Animal Products Act 1999)RMP 100,000 25,000 97

1999 5 1999 11 10.00% 78.00% 8.67% 2001 20032005 2005 2007 210,200,000 51.00% 9.18% 5.10% 5.10% 4.08% 27.54% 2008 59,800,000 49.00% 2007 11 14Q10 2008 6Q10 20122008 2009 98

2009 3Cobayer Health Food Company 2009 8 2012 6 2013 6 3014 2011 7 2012 9 27 1,840,0002012 8 31 2012 9 27 99

2012 6 27 2012 7 2 26,000,00027,000,000 6,193,7001,000,0002012 7 13 (%) (1) 2013 6 30 (%) 2,017,200 32.43% 2,008,509 1.080% 1,681,000 27.02% 1,673,758 0.900% 201,800 3.24% 200,931 0.108% 201,800 3.24% 200,931 0.108% 201,800 3.24% 200,931 0.108% 201,800 3.24% 200,931 0.108% 201,800 3.24% 200,931 0.108% 201,800 3.24% 200,931 0.108% 201,800 3.24% 200,931 0.108% 168,100 2.71% 167,376 0.090% 168,100 2.71% 167,376 0.090% 168,100 2.71% 167,376 0.090% 134,500 2.17% 133,921 0.072% 134,500 2.17% 133,921 0.072% 84,100 1.35% 83,738 0.045% 84,100 1.35% 83,738 0.045% 84,100 1.35% 83,738 0.045% 84,100 1.35% 83,738 0.045% 6,220,500 100% 6,193,700 (1) 3.33% (1) Cobayer Health Food Company 2012 8 28 Cobayer Health Food Company2,000 100

4,100,000 Cobayer Health Food Company 2012 12 24 Cobayer Health Food Company 2013 11 1918 2012 7 2 2013 11 2618 18 (1) 2013 6 30 (%) 2,008,631 1.080% 659,955 1,673,538 0.900% 549,857 200,676 0.108% 65,934 200,676 0.108% 65,934 200,676 0.108% 65,934 200,676 0.108% 65,934 200,676 0.108% 65,934 200,676 0.108% 65,934 200,676 0.108% 65,934 167,848 0.090% 55,148 167,848 0.090% 55,148 167,848 0.090% 55,148 134,402 0.072% 44,159 134,402 0.072% 44,159 83,613 0.045% 27,472 83,613 0.045% 27,472 83,613 0.045% 27,472 83,613 0.045% 27,472 6,193,700 (1) 3.33% 2,035,000 (1) 101

1999 5 2007 2 51% 2007 11 Q10 2008 5 49% 2009 3 Cobayer Health Food Company 2009 8 2009 10 2010 12 31 15 2011 12 31 24 2012 2 2012 6 102

2012 8 Q10 2012 9 2012 12 Cobayer Health Food Company Cobayer Health Food Company 2012 12 31 5 34 2013 5 http://tmall.taobao.com 2013 6 30 14 35 103

104 15 1999 5 24 61,111,100 2003 6 17 20,000,000 2008 3 26 600,000 2008 4 2 600,000 2008 4 9 600,000 2008 4 10 600,000 2008 4 22 600,000 2008 4 30 600,000 2008 6 27 600,000 Cobayer Health Food Company 2009 3 2 2,000

2009 4 23 600,000 2011 4 6 500,000 2011 4 28 100,000 2011 5 23 100,000 2011 6 24 100,000 2011 7 15 1,000,000 2013 11 18 100,000 105

(1) (2) 2013 3 31 50,000,000 2013 (1) 30.7% 48.0% 7.50% 2013 7 31 5 22 (2) 0.82 (3) (1) 2.00 1.50 (2) 2013 3 31 2013 7 31 506,111,100 (1) 2016 12 31 (2) 106

(3) 2013 30% (4) (i) (a) 120 (i) (ii) (iii) (b) 10 (c) 10 (d) 30 (ii) 10 (iii) (iv) 107

(v) (vi) (5) (6) 10 30 (7) 2013 5 22 108

8.08(1) 16484200 61,111,0007.50% 2013 5 2228 109

2013 5 15.9 (i)0.6 6.4(ii)0.6 (iii) 8.3 78.00% 8.67% 3.33% 10% 100% Cobayer Health Food Company 110

58.50% 6.50% 2.50% 7.50% 25.00% 100% Cobayer Health Food Company (1) (%) (%) 1.080% 0.811% 0.900% 0.676% 0.108% 0.081% 0.108% 0.081% 0.108% 0.081% 0.108% 0.081% 0.108% 0.081% 0.108% 0.081% 0.108% 0.081% 0.090% 0.068% 0.090% 0.068% 0.090% 0.068% 0.072% 0.054% 0.072% 0.054% 0.045% 0.034% 0.045% 0.034% 0.045% 0.034% 0.045% 0.034% 3.330% 2.502% 111

2012 5,800 2013 6 30 49 2012 Q10 Q10 67.1% 7.1 2001 2009 27 10 112

2013 6 30 14 10 Conbair CoKanga24 231 2013 6 30 825 35 20 13 2 14 2013 5 http://conbair.tmall.com 113

2010201266.9 150.4 15.8 57.2 49.9% 90.3% 17.3% 2012 6 30 64.8 32.7%2013 6 30 86.0 26.2 13.4%29.7 20102012 20.4%20125,800 20132018201817,300 2008 15,7812012 24,565 11.7% 60 2012194 14.3% 2020 261 70% 114

14 2010201249.9% 90.3% 115

2012 Q10 Q1067.1% 7.1 2013 6 30825 2013 6 3022 35 13 14 116

1999 5 2010 1 1132013 6 30 35 2012 6 2012 6 3012013 6 3014 117

2013 6 3057 18% 118

2013 6 30381424 14 2007 11 Q10 2012 Q10 Q1067.1% 7.1Q102012 Q10 5 3 7 119

14 2014 4520152016 20 80410,000 120

2014 2016 (1) 2014 1 3.7 2 0.8 2015 1 1.6 3 2.5 2016 1 2 1.6 2.5 31 12.7 (1) 410,000 201472 2015201680 30220,000 2013 5 http://conbair.tmall.com 121

20142016 (1) 2014 1 1.5 2 5.7 3 2.0 2015 1 0.2 2 3.5 3 3.3 4 1.8 2016 1 0.4 2 3.5 3 2.6 5 2.2 122 26.7 (1) 220,000 122

2013 6 30930 2015 800,000650,0002,000,000 123

2014 200 5 2016 25 7 124

(1) (3) (2) (3) (3) (4) (5) (7) (8) (6) (3)(4) (1) (2) (3) (4) (5) Conbair CoKanga (6) (7) (8) 2013 5 125

(i) (ii)conbair CoKanga 201020112012 12 31 2013 6 30 12 31 6 30 2010 2011 2012 2012 2013........... 48,410 61,332 95,744 38,547 36,635............. 41,399 55,147 88,843 35,802 33,563........... 85.5% 89.9% 92.8% 92.9% 91.6%........... 16,922 40,837 52,613 25,505 45,537............. 11,570 27,849 40,782 18,909 38,711........... 68.4% 68.2% 77.5% 74.1% 85.0% 126

12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%) Q10...... 18,107 27.1 34,504 33.4 42,179 28.0 16,489 25.4 14,969 17.4......... 1,327 1.3 24,280 16.1 12,623 19.5 2,014 2.3............. 253 0.4 574 0.6 20,076 13.4 5,063 7.8 7,391 8.6............. 483 0.7 4,751 4.6 3,526 2.4 1,405 2.2 9,443 11.0 (1)............... 29,567 44.2 20,176 19.5 5,683 3.8 2,967 4.6 2,818 3.3................. 48,410 72.4 61,332 59.4 95,744 63.7 38,547 59.5 36,635 42.6......... 1,641 2.5 7,673 7.4 22,399 14.9 11,279 17.4 13,504 15.7........... 3,980 3.9 10,311 6.8 6,600 10.2 10,312 12.0......... 627 0.9 463 0.4 557 0.4 128 0.2 25........... 2,127 3.2 6,767 6.6 5,276 3.5 931 1.4 5,339 6.2 DHA......... 17 4,450 5.2........... 3,533 5.3 7,076 6.9 1,662 1.1 937 1.4 712 0.8......... 3,680 5.5 5,766 5.6 1,323 0.9 622 1.0 860 1.0 (2)............... 5,314 7.9 9,112 8.8 11,068 7.4 5,008 7.7 10,335 12.1................. 16,922 25.3 40,837 39.6 52,613 35.0 25,505 39.3 45,537 53.0 (3)............... 1,518 2.3 1,075 1.0 2,015 1.3 767 1.2 3,793 4.4................. 66,850 100.0 103,244 100.0 150,372 100.0 64,819 100.0 85,965 100.0 (1) D (2) Omega-3DHA (3) 127

12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%) (1)......... 41,174 61.6 57,485 55.7 93,001 61.8 37,176 57.4 35,400 41.2 (2)......... 7,236 10.8 3,847 3.7 2,743 1.8 1,371 2.1 1,235 1.4........ 16,922 25.3 40,837 39.6 52,613 35.1 25,505 39.3 45,537 53.0 (3)................ 1,518 2.3 1,075 1.0 2,015 1.3 767 1.2 3,793 4.4.................. 25,676 38.4 45,759 44.3 57,371 38.2 27,643 42.6 50,565 58.8.................. 66,850 100.0 103,244 100.0 150,372 100.0 64,819 100.0 85,965 100.0 (1) (2) (3) 28 18 2001 Q10 128

業 務 輔酶Q 10片 膠囊 我們的輔酶Q10片 膠囊的作用是幫助緩解身體疲勞 我們的輔酶Q10片 膠囊於 2007年11月經國家食品藥品監督管理總局批准為保健食品 其中輔酶Q10膠囊於2012年 8月經江蘇省科技廳進一步認定為 高新技術產品 我們分別自2008年6月及2011年10 月起以中生品牌製造及銷售輔酶Q10膠囊及輔酶Q10片 現已就這兩款產品投保了總額為 人民幣1.0百萬元的一年期產品責任險 於截至2010年 2011年及2012年12月31日止年 度以及截至2013年6月30日止六個月 我們銷售輔酶Q10片 膠囊產生的營業額分別為 人民幣18.1百萬元 人民幣34.5百萬元 人民幣42.2百萬元及人民幣15.0百萬元 分別 佔我們同期總營業額的27.1% 33.4% 28.0%及17.4% 往績記錄期間 輔酶Q10片 膠囊的平均售價介乎每瓶人民幣232.5元至人民幣388.9元之間 我們的輔酶Q10片 膠囊主要含輔酶Q10 乳糖及微晶纖維素 我們不參與輔酶Q10 我們輔酶Q10片 膠囊生產過程中的主要原材料 的發酵過程 而是向第三方供應商 採購經酵輔酶Q10 每100.0克輔酶Q10片 膠囊含3.3克輔酶Q10 我們的輔酶Q10片 膠 囊的形式為片劑和硬膠囊劑 並以每瓶120片 每瓶30粒膠囊及每瓶90粒膠囊的包裝銷 售 我們輔酶Q10片 膠囊的貨架期為24個月 亞麻酸軟膠囊 我們的亞麻酸軟膠囊的作用是幫助降低血脂 其於2011年1月經國家食品藥品監 督管理總局批准為保健食品 我們自2011年10月起以中生品牌製造及銷售該產品 截 至2011年及2012年12月31日止年度以及截至2013年6月30日止六個月 我們銷售亞麻酸 軟膠囊產生的營業額分別為人民幣1.3百萬元 人民幣24.3百萬元及人民幣2.0百萬元 分別佔我們同期總營業額的1.3% 16.1%及2.3% 往績記錄期間 亞麻酸軟膠囊的平 均售價介乎每瓶人民幣167.8元至人民幣324.4元之間 129

E 100.0 45.0 120 24 2006 8 2010 82007 82010 20112012 12 312013 6 30 0.30.620.1 7.40.4% 0.6% 13.4% 8.6% 32.6 941.7 100.0 6.910.0 9012024 2002 1 2005 6 2006 720102011 130

2012 12 312013 6 30 0.54.83.59.4 0.7% 4.6% 2.4% 11.0% 155.2 311.0 100.070 6090 24 Q10 2313 24 36 201020112012 12 312013 6 30 Q10 29.620.25.72.8 44.2% 19.5% 3.8% 3.3% Conbair CoKanga27 2009 8 274.4 473.3 205.8 451.9 172.0 288.1 193.1 491.4 308.4 766.8 131

201020112012 12 312013 6 30 16.940.8 52.645.525.3% 39.6% 35.0% 53.0%Conbair CoKanga 2013 6 30 (1) 2010 1 2010 3 2010 3 2010 3 132

(1) 2010 3 2010 6 2010 11 2011 1 2011 9 2011 10 2011 10 Omega-3 2011 12 2012 1 2012 4 2012 5 DHA 2012 12 DHA E 2013 3 (1) (i) Conbair (ii)dha (iii) CoKanga 133

201020112012 12 312013 6 30 1.51.12.0 3.82.3% 1.0% 1.3% 4.4% 2014 2014 134

2016 25 2014 2015 2014 2015 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 135

2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 136

2016 2013 6 30 2014 2015 137

2014 2015 2015 2016 2015 2016 2015 2016 2015 2016 2016 2017 2016 2017 2014 2014 2014 2014 2014 2014 2014 138

........................ 2013 1 15 2014 6 30...................... 2013 1 15 2014 6 30........................ 2011 6 20 2014 6 19...................... 2010 11 4 2016 11 3 (HACCP).. 2012 10 26 2015 10 25 ISO 9001:2008................. 2012 10 24 2015 10 23 ISO 22000:2005................ 2012 10 26 2015 10 25 139

(1) 1. Q10............ 2007 11 14 2018 8 18 1 2. Q10........... 2007 11 14 2018 4 11 1 3.......... 2011 1 28 2016 1 27 0 4. (2)............ 2006 8 1 (3) 2018 7 15 1 5.............. 2005 1 24 (4) 6........ 2001 11 14 (4) 7.............. 2002 1 22 (5) (4) 8............ 2008 4 18 2013 4 17 (6)(7) 0 9. (8)........ 2006 6 23 (3) 2018 9 22 1 10. (8)............ 1998 1 13 (3) (4) 11. (9).......... 2006 8 29 2018 4 11 1 12. (8)............ 2000 3 27 (3) (4) 13. D......... 2007 9 21 2018 9 2 1 14. (8)............ 2004 6 24 (4) 15. (8)........ 2001 12 10 (3) (4) 16. (8)............ 2006 3 28 2018 9 2 1 17. (8)........ 1999 7 7 (3) (4) 140

1.......... 2004 4 15 (4) 2.............. 2002 10 31 (3) (4) 3.......... 2004 1 16 (4) 4....... 2004 1 16 (4) 5............ 2002 9 20 (4) 1.................... 2007 7 25 2012 7 24 (6)(10) 0 2.................... 2007 7 25 2018 9 4 1 3.................... 2007 7 25 2018 9 22 1 4.................... 2007 7 25 2018 9 4 1 5. D.. 2007 8 29 2018 8 8 1 (1) 2012 (2) (3) 2010 8 141

(4) 2005 7 1 2005 7 1 (5) 2005 6 (6) (7) 2013 22014 201020112012 12 312013 6 30 246,000 247,000 14,000 9,000 (8) 2013 6 30 (9) (10) 2012 42014 2010 20112012 12 312013 6 30 93.6% 95.8% 97.1% 96.2% 142

12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%).... 62,589 93.6 98,898 95.8 146,055 97.1 63,331 97.7 82,722 96.2.. 1,598 1.1 12 2,878 3.4.......... 62,589 93.6 98,898 95.8 147,653 98.2 63,343 97.7 85,600 99.6.......... 4,261 6.4 4,346 4.2 2,719 1.8 1,476 2.3 365 0.4 (1)........ 66,850 100.0 103,244 100.0 150,372 100.0 64,819 100.0 85,965 100.0 (1) 2013 52013 6 30 12 31 6 30 2010 2011 2012 2013 (1)........ 355.0 402.9 465.0 395.6 (2) (1)...... 133.1 60.0 (3) (1) (2) 2013 (3) 2013 2013 143

業 務 零售店 截至2013年6月30日 我們在25個城市擁有49家零售店 覆蓋中國8個省份和直轄 市 包括35家中生零售店和14家康培爾零售店 此等零售店均由我們管理 下圖顯示 我們截至2013年6月30日在中國的市場覆蓋 覆蓋省份 覆蓋城市 青島: 2 北京: 1 中生零售店 :1 濟南: 2 中生零售店 :1 康培爾零售店 :1 鹽城: 1 中生零售店 :1 康培爾零售店 :1 康培爾零售店 :1 江陰: 1 鎮江: 2 中生零售店 :1 康培爾零售店 :1 中生零售店 :1 無錫: 3 常州: 3 中生零售店 :1 康培爾零售店 :2 中生零售店 :2 康培爾零售店 :1 太倉: 1 南京: 9 中生零售店 中生零售店 :8 康培爾零售店 :1 昆山: 2 北京 溧陽: 1 康培爾零售店 濟南 青島 康培爾零售店 鎮江 :2 :1 成都 :1 成都: 1 中生零售店 :1 康培爾零售店 :1 蘇州: 5 中生零售店 :4 康培爾零售店 :1 海寧: 1 中生零售店 :1 吳江: 1 中生零售店 :1 :1 昆明 廣州 昆明: 1 康培爾零售店 鹽城 常州 江陰 太倉 南京 無錫 昆山 溧陽 武漢 蘇州 海寧 杭州 吳江 寧波 蕭山 溫州 紹興 武漢: 1 中生零售店 中生零售店 :1 杭州: 3 中生零售店 :1 深圳 寧波: 1 中生零售店 :1 :1 蕭山: 1 廣州: 1 中生零售店 中生零售店 :1 :1 紹興: 1 中生零售店 深圳: 3 中生零售店 :2 康培爾零售店 :1 :1 溫州: 1 中生零售店 144 :1

業 務 中生零售店 截至2013年6月30日 我們以中生品牌開設35家零售店 覆蓋7個省份及直轄市的 22個城市 下表載列中生零售店數目於往績記錄期間的變動 截至年 期初 截至年 期末 的零售店數目 的零售店數目 2010年............................... 13 15 2011年............................... 15 24 2012年............................... 24 34 截至2013年6月30日止六個月............. 34 35 期間 下表載列截至所示日期按地區劃分的中生零售店在中國的地理覆蓋 截至12月31日 地區 截至6月30日 2010年 2011年 2012年 2013年 江蘇................ 9 15 19 20 浙江................ 2 2 7 7 廣東................ 2 2 3 3 北京................ 1 1 1 1 湖北................ 0 1 1 1 四川................ 0 1 1 1 山東................ 1 2 2 2 145

1999 5 2013 6 3020 132 24123 20102011 2012 12 312013 6 30 62.0% 58.2% 40.2% 37.0% 801,087 20102011 2012 12 312013 6 30 30.0% 37.0% 56.8% 58.5% 146

業 務 百貨公司專櫃 截至2013年6月30日 我們在江蘇省南京市及蘇州市分別擁 有面積為57平方米及15平方米的2個百貨公司專櫃 有關百貨公司專櫃分別 於2006年9月及2012年12月開業 該等百貨公司專櫃由我們自己的僱員管 理 我們在未與有關百貨公司訂立任何付款結算安排的情況下向客戶直接 收取付款 並每季向有關百貨公司支付固定的聯營費用 截至2013年6月30 日止六個月 來自該等百貨公司專櫃的銷售額佔我們總營業額的0.6% 我 們於江蘇省蘇州市的百貨公司專櫃於2013年9月結束營業 有關詳情 請參 閱 概要 近期發展 我們在各中生零售店銷售全線中生系列產品及某些精選的澳大利亞營養膳食補充 劑 以利用中生零售店的客戶基礎 截至2010年 2011年及2012年12月31日止年度以 及截至2013年6月30日止六個月 在中生零售店銷售康培爾系列產品產生的營業額分別 為人民幣16.9百萬元 人民幣40.8百萬元 人民幣51.0百萬元及人民幣42.6百萬元 分 別佔我們同期總營業額的25.3% 39.6% 33.9%及49.6% 隨着康培爾零售店的快速擴 張 我們預期將逐步減少在中生零售店銷售康培爾系列產品 所有該等產品均將在我 們的康培爾零售店銷售 截至2013年6月30日 我們就中生零售店分別租賃及擁有總建築面積為3,214.8平 方米的32項零售物業及總建築面積為1,551.0平方米的3項零售物業 康培爾零售店 自我們於2012年6月在江蘇省南京市開辦第一家康培爾零售店以來 截至2013年6 月30日 我們已在13個城市合共有14家總建築面積達528.2平方米的康培爾零售店 覆 蓋江蘇省 浙江省 廣東省 山東省及雲南省 下表載列截至所示日期按地區劃分的 康培爾零售店於中國的地理覆蓋 147

2012 6 30 2012 12 31 2013 6 30................... 1 5 9................... 0 0 1................... 0 0 1................... 0 0 2................... 0 0 1 10 16 81 5,000 100,000 (i) 8,578 45,435 (ii)18% 25%(iii) 8,000 54,00016% 27% 2012 12 312013 6 30 677,000 824,000 148

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2013 5http://tmall.taobao.com 152

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15 60 154

50,000 2013 6 30 18% 155

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2010 2010 8 17 Q10 2010 11 5 2011 2011 5 5 2012 Q10 Q10 2013 9 2 2013 9 2 2013 9 2 2013 9 2 2013 9 2 2013 9 2 2013 9 2 2013 9 25 2013 9 25 2013 1 1 (1) 2013 11 18 Q10 2014 10 16 Q10 2014 10 16 2014 11 11 2014 11 11 2014 11 13 (1) D 157

27 Q10 Q10 22 (i) (ii) (iii) 2010 12 31 7.1% 3.1%20112012 12 312013 6 30 5% 158

(1) (1) 24 48 2013 6 309 30 201020112012 12 31 2013 6 30 0.40.20.20.4 159

28,337 50% GMP (i)(ii) (iii)2015 800,000650,0002,000,000 (i) (ii)(iii) (iv) 160

2013 6 30 3,237.4 26,592.8100.0 28,337 (1)................. 72.0 2015 12............. 14.0 2015 12........ 14.0 2015 12 (1) 20142015 (i) (ii) 161

162

30 163

12 31 6 30 2010 2011 2012 2012 2013......... 13.3 13.3 13.3 6.7 6.7........... 1.6 6.5 5.0 1.1 0.6 (1)............ 12.0% 48.9% 37.6% 16.4% 9.0%......... 134.4 134.4 134.4 67.2 67.2........... 58.1 23.2 18.1 8.2 7.5 (1)............ 43.2% 17.3% 13.5% 12.2% 11.2% (1) 250 GMP 250 20112010 Q10 20122013 164

12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%).. 1,327 1.3 8,729 24,280 16.1 88,921 12,623 19.5 39,361 2,014 2.3 4,786...... 2,952 4.4 30,218 157 0.2 2,937 95 0.1 758 18 218 0.3 2,871...... 246 0.4 1,000 247 0.2 14 0.0 122 2 9.......... 3,198 4.8 31,218 1,731 1.7 11,666 24,389 16.2 89,801 12,643 19.5 39,361 2,241 2.6 7,657...... 965 1.4 191,930 44...... 227 0.2 28,950 283 0.3.......... 965 1.4 191,930 44 227 0.2 28,950 283 0.3 (1)......... 4,163 6.2 223,148 1,775 1.7 11,666 24,616 16.4 118,751 12,643 19.5 39,361 2,524 2.9 7,657 (1) 2012 (i) 165

(ii)2012 (iii)20122012 ISO9001:2008 GMP 166

201020112012 12 312013 6 30 0.90.20.5 0.1 201020112012 12 312013 6 30 4.012.89.42.5 9 2010 34,950 167

GMP Pharmaceuticals Pty Ltd. TGA 168

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2012 10ISO9001:2008 ISO22000:2005 (HACCP) ISO GMP GMP GMP 170

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(i) (ii) (iii) 7 8 4920 172

28,3373,237.4 1,747.2 173

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Q10 Longton Legal Bell Gully 175

2006 2009 32011 Q10 (i) 1 13 2011 1 Q10 (ii) 2006 92009 (i) 2009 8 10 11 (ii) (iii) 176

177 2010 82010 9 2 Q10 2011 5 Q10 2012 9 (i) Q10 (ii) Q10 2009(iii) Q10 2009 13 2 2006 (i) (ii) 2005 2006 (i) (ii) (iii)

2013 10 18 (i) (ii) (i) (ii) 2013 5 12013 11 30 (i) (ii) (iii) (iv) 178

1.9 (i) (ii) Q10 (iii) (iv) (i) (ii) (iii) (iv) (v) 60 (vi) (vii) 179

8413 53 1999 5 24 1999 5 24 43 1999 5 25 2011 6 17 39 2002 1 1 2012 10 25 32 2003 7 29 2012 10 25 44 2013 5 16 2013 5 16 57 2012 10 25 2012 10 25 45 2013 1 25 2013 1 25 50 2013 8 10 2013 8 10 180

531999 5 24 Cobayer Health Food Company 1989 72010 6 EMBA 1992 111994 10 1995 11996 121997 1 1998 121999 5 432011 6 17 1.08% 1999 5 2008 1 2012 6 EMBA 392012 10 25 0.9% 2002 1 2010 12012 10 181

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2006 9 222009 10 5 2010 2291AA 291AA(a)(b) (c) 2011 1 2011 12 8030 (i) (ii) (iii) XV 13.51(2)(h) (v) 184

5 35 2002 9 16 2012 10 25 37 2013 5 16 2013 5 16 34 2005 9 25 2012 10 25 35 2001 6 20 2012 10 25 28 2003 8 30 2013 5 16 352012 10 25 1999 6 2002 2002 92004 9 2004 92008 1 2012 10 372013 5 16 1999 7 2002 9 185

2007 8 342012 10 25 2003 6 2005 9 2010 1 2012 10 352012 10 25 2005 10 2001 62012 10 282013 5 16 2004 7 2003 8 2009 7 0.11% 0.09% 13.51(2)(a) (v) 186

32 2002 6 4 2012 10 25 60 2005 3 21 2005 3 21 33 2013 7 1 2013 7 1 29 2006 9 4 2013 9 1 322002 6 2008 12012 10 0.072% 2002 6 601992 5 1999 122005 2 2005 3 0.045% 332013 7 2003 82012 7 2003 102007 3 2007 62009 92009 102010 10 187

292013 9 2006 9 2008 82011 1 2006 6 FCS (PE), FCIS 462013 11 7 20 1990 11 2012 12 31 2013 6 30 1.31.41.8 0.92012 12 31 2013 6 30 0.70.6 188

0.40.1 12 2013 12 31 1.10.4 189

3A.19 3A.23 (1) (2) (3) 190

(4) 2013 6 30466 290 12 32 9 32 60 31 466 191

58.50% 6.50% 2.7 3.04.03.3 192

2013 9 2013 12 21 (i) (ii) (iii) 193

(iv) (v) (vi) (i) (vi) (i) H H(ii) (i) 30% (ii) H 194

(i) (ii) (iii) (iv) 195

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XV23 10% 203

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(i) (ii) (i) (ii) (iii) 206

207

2008 2,650 2012 5,800 21.6% 201510,15014 5% 208

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Q10Q10 20112010 2011 Q10Q10Q10 Q10Q10 2012 2011 Q10Q1020132012 30 Q10Q10 12090 20122011 2011 201320122013 20112010 2010 2012120 90 2012 2013 20112012 2010 2010 20132013 90 60 210

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2013 6 30 25 49 35142014 4572 http://conbair.tmall.com 2013 5 212

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12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%)........ 7,111 52.3 15,220 75.8 14,941 73.7 7,437 75.3 9,158 81.3.......... 2,324 17.1 1,804 9.0 1,604 7.9 844 8.6 334 3.0........ 1,613 11.9 947 4.7 783 3.9 320 3.2 227 2.0...... 890 6.6 965 4.8 1,516 7.4 625 6.3 1,005 8.9............ 620 4.6 466 2.3 396 2.0 198 2.0 214 1.9...... 631 4.6 497 2.5 413 2.0 206 2.1 188 1.7.... 196 1.4 134 0.7 219 1.1 111 1.1 78 0.7........ 203 1.5 47 0.2 404 2.0 140 1.4 60 0.5............ 13,588 100.0 20,080 100.0 20,276 100.0 9,881 100.0 11,264 100.0 12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%)........ 7,011 51.6 6,184 30.8 6,901 34.0 2,745 27.8 3,072 27.3...... 5,352 39.4 12,989 64.7 11,831 58.4 6,596 66.8 6,826 60.6.... 1,225 9.0 907 4.5 1,544 7.6 540 5.4 1,366 12.1............ 13,588 100.0 20,080 100.0 20,276 100.0 9,881 100.0 11,264 100.0 215

12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%)........... 41,399 77.7 55,147 66.3 88,843 68.3 35,802 65.2 33,563 45.0......... 11,570 21.7 27,849 33.5 40,782 31.3 18,909 34.4 38,711 51.8................... 293 0.6 168 0.2 471 0.4 227 0.4 2,427 3.2................... 53,262 100.0 83,164 100.0 130,096 100.0 54,938 100.0 74,701 100.0 12 31 6 30 2010 2011 2012 2012 2013........... 85.5% 89.9% 92.8% 92.9% 91.6%......... 68.4% 68.2% 77.5% 74.1% 85.0%................... 79.7% 80.6% 86.5% 84.8% 86.9% 2011 12 312013 6 309.022.0 4.35% 5.4% 216

20102011 2007 2012 2009 201020112012 12 3120122013 6 30 0.70.3 1.50.40.62012 12 31 12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%).... 8,786 46.9 7,307 35.9 8,397 24.7 3,524 30.3 5,748 25.9.... 6,806 36.3 9,035 44.4 17,212 50.6 5,319 45.8 11,265 50.7........ 892 4.8 847 4.2 1,895 5.6 1,055 9.1 1,658 7.5.. 1,474 7.9 2,154 10.6 3,403 10.0 1,075 9.2 1,569 7.1........ 634 3.4 672 3.3 1,716 5.0 562 4.8 928 4.2............ 140 0.7 324 1.6 1,424 4.1 91 0.8 1,048 4.6............ 18,732 100.0 20,339 100.0 34,047 100.0 11,626 100.0 22,216 100.0 217

12 31 6 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%).... 5,302 37.3 5,940 37.2 9,889 47.9 4,793 51.5 5,550 43.4.. 3,131 22.0 3,925 24.6 4,039 19.6 1,710 18.3 1,766 13.8........ 2,005 14.1 1,596 10.0 1,735 8.4 771 8.3 873 6.8...... 1,749 12.4 1,791 11.3 1,751 8.5 886 9.5 1,259 9.9.. 1,673 11.7 2,479 15.5 2,988 14.5 1,066 11.4 919 7.2........ 354 2.5 224 1.4 219 1.1 89 1.0 383 3.0........ 2,038 15.9............ 14,214 100.0 15,955 100.0 20,621 100.0 9,315 100.0 12,788 100.0 25.0% Cobayer Health Food Company30% 218

201020112012 12 3120122013 6 30 12 31 6 30 2010 2011 2012 2012 2013....................... 66,850 103,244 150,372 64,819 85,965..................... (13,588) (20,080) (20,276) (9,881) (11,264)......................... 53,262 83,164 130,096 54,938 74,701................. 679 337 1,484 436 581............... (18,732) (20,339) (34,047) (11,626) (22,216)..................... (14,214) (15,955) (20,621) (9,315) (12,788)............... 20,995 47,207 76,912 34,433 40,278................... (5,207) (12,393) (19,675) (8,265) (10,578)................. 15,788 34,814 57,237 26,168 29,700........ 75 (108) (11) (412)......... 15,863 34,706 57,226 26,168 29,288............... 0.29 0.63 1.04 0.48 0.53 219

2013 6 302012 6 30 2012 6 30 64.8 21.2 32.7%2013 6 30 86.0 2012 6 30 25.520.0 78.4%2013 6 30 45.5 2012 6 302013 6 30 11.3 13.5 6.6 10.3 0.9 5.3 2013 2013 2012 6 30 38.51.9 4.9%2013 6 30 36.6 2012 6 302013 6 30 12.6 2.0 Q1016.5 15.02013 220

2012 6 30 1.42013 6 30 9.4 20132013 2012 6 30 0.83.0 3.82013 6 30 3.8 2012 6 30 9.9 1.4 14.1%2013 6 30 11.3 2012 6 302013 6 30 2.70.414.8% 3.1 2013 2012 6 30 6.60.23.0%2013 6 30 6.8 2012 6 30 0.50.9 1.82013 6 30 1.4 2012 6 30 54.9 19.8 36.1%2013 6 30 74.7 2012 6 3084.8% 2013 6 30 86.9% 221

2012 6 30 35.8 2.2 6.1%2013 6 30 33.6 2012 6 3092.9%2013 6 30 91.6% 2013 2012 6 30 18.919.8 104.8%2013 6 30 38.72012 6 30 74.1% 2013 6 3085.0% 2013 2012 6 30 0.4 0.2 50.0%2013 6 30 0.6 2012 6 30 11.6 10.6 91.4%2013 6 30 22.2 2013 2012 6 30 9.33.5 37.6%2013 6 30 12.8 2012 6 30 34.45.9 17.2%2013 6 30 40.3 222

2012 6 30 8.32.3 27.7%2013 6 30 10.6 2012 6 30 24.0% 2013 6 3026.3%2013 2012 6 30 26.2 3.5 13.4%2013 6 30 29.7 2012 12 312011 12 31 2011 103.247.2 45.7% 2012 150.4 2011 61.3 34.4 56.1% 2012 95.7 20112012Q1034.5 42.2 1.3 24.3 0.6 20.1 2011 2012 2012 223

2011 40.811.8 28.9% 2012 52.6 20112012 7.7 22.4 4.0 10.3 2011 7.12012 1.7 2012 2012 2011 2012 6 2012 12 31 2011 1.1 0.9 81.8% 2012 2.0 2011 2011 20.10.2 1.0% 2012 20.3 2011 6.2 0.711.3%2012 6.9 56.1% 224

2011 13.0 1.2 9.2% 2012 11.8 (i) 2011 (ii) 2011 0.90.6 66.7% 2012 1.5 2011 83.246.9 56.4% 2012 130.1201180.6% 201286.5% 2011 55.133.7 61.2% 2012 88.8201189.9% 201292.8% 2011 27.813.0 46.8% 2012 40.8201168.2% 201277.5%(i) 2011 (ii) 2011 0.31.2 4.02012 1.5 2011 225

2011 20.313.7 67.5% 2012 34.0 2011 16.04.6 28.8% 2012 20.6 2011 47.2 29.7 62.9% 2012 76.9 2011 12.47.3 58.9% 2012 19.7 201126.3%201225.6% 2011 34.822.4 64.4% 2012 57.2 226

2011 12 312010 12 31 2010 66.936.3 54.3% 2011 103.2 2010 48.4 12.9 26.7% 2011 61.3 20102011Q10 18.1 34.5 1.3 0.3 0.6 2011Q102011 2011 2010 16.923.9 141.4% 2011 40.8 2010 1.62011 7.7 2011 Omega-3 2010 1.5 0.4 26.7% 2011 1.1 227

2010 13.66.5 47.8% 2011 20.1 2010 7.0 0.8 11.4% 2011 6.2 2010 5.4 7.6 140.7% 2011 13.0 2011 2010 1.20.3 25.0% 2011 0.9 2010 53.329.9 56.1% 2011 83.2201079.7% 201180.6% 2010 41.413.7 33.1% 2011 55.1201085.5% 201189.9%Q10 2010 11.616.2 139.7% 2011 27.8 201068.4%201168.2% 228

2010 0.70.4 57.1% 2011 0.32010 0.52011 2011 2010 2010 18.71.6 8.6% 2011 20.3 2010 14.21.8 12.7% 2011 16.0 2010 21.0 26.2 124.8% 2011 47.2 2010 5.27.2 138.5% 2011 12.4 201024.8%201126.3% 2010 15.819.0 120.3% 2011 34.8 229

12 31 6 30 2010 2011 2012 2012 2013.......... 17,347 35,181 57,923 31,058 35,396............... (124) (8,835) 4,670 8,092 (23,937)............... (12,836) 340 (32,307) (2,252) 24,486........ 4,387 26,686 30,286 36,898 35,945........ 31,638 36,306 62,775 62,775 93,220.............. 281 (217) 159 43 (782)........ 36,306 62,775 93,220 99,716 128,383 230

2013 6 3035.4 41.33.7 9.20.6 201257.9 77.72.9 1.420.5 2.7 201135.2 49.14.4 10.35.5 2.8 201017.3 23.03.9 0.8 2013 6 3023.9 22.0 2.40.4 20124.7 9.01.3 0.6 3.8 2.4 231

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12 31 6 30 2010 2011 2012 2012 2013.... 550 246 2,390 1,271 2,364.... 3,795.... 552......................... 550 246 6,737 1,271 2,364 2014 12 31 12 233

12 31 6 30 10 31 2010 2011 2012 2013 2013...................... 5,438 10,944 13,684 9,962 8,093........... 101 101 101 101 101......... 3,446 5,989 3,731 4,188 7,397.............. 256 271 691............ 423 478.................. 9,000 22,000............ 36,306 62,775 93,220 128,383 140,641.............. 45,970 89,558 111,427 164,634 156,232......... 4,410 8,614 10,037 10,021 10,311........... 2,741 2,957 3,983 3,303............ 266................ 3,369 6,866 6,098 7,003 3,293.............. 10,520 18,703 20,118 20,327 13,604.............. 35,450 70,855 91,309 144,307 142,628 234

12 31 6 30 2010 2011 2012 2013................. 1,016 564 639 579................. 13 9 172 189................. 722 964 887 631................. 3,687 9,407 11,986 8,563................... 5,438 10,944 13,684 9,962 2010 12 31 5.42011 12 31 10.92012 12 31 13.7 2012 12 31 13.72013 6 30 10.0 2013 12 31 6 30 2010 2011 2012 2013 (1)...... 146.6 148.9 221.7 191.6 (1) 235

20102011 2011148.92012221.72012 2011 2013 6 30 191.6 (i) (ii) (iii) (iv) 12 31 6 30 2010 2011 2012 2013........... 545 303 474 339........... (179)................... 366 303 474 339........... 314 223 283 317......... 2,766 5,463 2,974 3,532................... 3,446 5,989 3,731 4,188 2010 12 31 3.42011 12 31 6.02012 12 313.7 2011 2012 12 31 3.72013 6 30 4.2 236

12 31 6 30 2010 2011 2012 2013 1.......... 42 120 165 207 1 3........... 3 296 127 3 1..... 164 40 9 5 1............ 157 143 4................... 366 303 474 339 2010 12 31 0.2 21 12 31 6 30 2010 2011 2012 2013 (1)............ 2 1 1 1 (1) 237

2010220112012 2013 6 301 30 2012 6 2010 2011 12 31158 12 31 6 30 2010 2011 2012 2013........... 1,209 580 885 1,197..... 3,201 8,034 9,152 8,824................... 4,410 8,614 10,037 10,021 2013 6 302012 12 31 2011 12 31 8.62012 12 31 10.0 2010 12 31 4.42011 12 31 8.6 2011 2011 238

12 31 6 30 2010 2011 2012 2013 1............ 715 15 230 107 13........ 6 89 443 874 312....... 459 93 86 3 12........... 29 383 126 213................... 1,209 580 885 1,197 12 31 6 30 2010 2011 2012 2013 (1)............ 39 16 13 17 (1) 239

2013 6 30 2013 6 30 2013 10 31...................................... 9,962 4,248............................ 339 330 (1)........................... 3,849 2,308...................................... 4,188 2,638 (1) 201020112012 12 310.3 0.30.7 2013 6 30 201020112012 12 312013 6 30 2.73.04.03.3 2013 9 240

201020112012 12 312013 6 302013 10 31 2013 10 31 201020112012 12 312013 6 30 12 31 6 30 2010 2011 2012 2013 1.................. 593 437 494 1,497 1 5................. 495 993................... 593 437 989 2,490 201020112012 12 312013 6 30 241

2013 10 31 242

20142016 5% 243

201020112012 12 31 2013 6 306.0 35.026.0 30% H 2013 6 30 66.7 2013 6 302.0 2013 6 302013 6 30 31.713.8 17.9 244

6 30 12 31 12 31 6 30 2010 2011 2012 2013.......... (1) 4.4 4.8 5.5 8.1.......... (2) 3.9 4.2 4.9 7.6...... (3)...... (4)........ (5) (1) = (2) = (3) = (4) = (5) = 201020112012 12 312013 6 30 4.4 4.8 5.5 8.1 201020112012 12 312013 6 30 3.9 4.2 4.9 7.6 245

2013 12 31 2013 6 30 2013 6 30 13.8 2013 12 31 13.13 13.1913.13 13.19 2013 9 30 2013 6 30 2013 9 30 2013 6 30 (1)................ 22,693................................................ (331) 2013 9 30................................ 22,362............................................ 23,738 2013 9 30........ 46,100 (1) 246

2013 6 30 2013 6 30 (1) (2) (3) 1.50....... 172,736 224,879 397,615 0.49 0.62 2.00....... 172,736 301,595 474,331 0.58 0.74 1. 2013 6 30 2013 6 30172,801,000 65,000 2. 1.502.00 0.78841.00 3. 814,911,000 203,800,0001.502.00 4. 0.78841.00 2013 12 16 5. 2013 6 30 247

H 1.75 333.9 H 1.75 51.1 H 2.00 48.7 H 1.50 48.7 43%143.6 31%103.6 800,000650,0002,000,000 6%20.0 6%20.0 34%113.5 23%76.8 248

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2014 1 14 (a) (b) HH (c) (d) H H 252

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12 (a) 155 (b) (a) 259

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(ii) (iii) (i) (ii) (iv) (i) (ii) (iii) (i) (ii) (iii) (b) (a)(i) (ii) (iii) (c) (a)(i) (ii) (iii) 261

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