2015 3 20 1992 50.0% 69.0% 31.0% 2000 3 90.0% 10.0% 1992 1994 1995 1998 1999 GMP 1999 2000 101
2002 (ph4) 2003 ISO 9001 2005 (ph4) 2008 2008 2010 2013 2014 GMP 2011 2015 1992 5 27 8,000,000 2000 3 69.0% 31.0% 102
2000 10 20 (a) (i) 20.0% 8,000,000(ii) 9.0% 3,600,000 (iii) 2.0% 800,000 (b) (i) 4.6% 1,840,000 (ii)7.0% 2,800,000 (iii) 3.4% 1,360,000 (iv) 4.0% 1,600,000 2000 10 31 4,000,000 50.0% 90.0% 10.0% 1,600,000 20.0% 2014 6 51.0% 49.0% 720,000 9.0% 560,000 7.0% 528,000 6.6% 320,000 4.0% 71.1% 28.9% 272,000 3.4% 8,000,000 103
2000 12 28 38,170,000 38,170,000 1 50.0% 90.0% 10.0% 20.0% 2014 6 51.0% 49.0% 9.0% 7.0% 6.6% 4.0% 71.1% 28.9% 3.4% 2008 12 2010 10 71.0% 90.0% 10.0% 25.0% 51.0% 49.0% 4.0% 71.1% 28.9% 104
2012 7 1 Hony Capital 220,000,000 16,358,571 1.00 38,170,000 54,528,571 54,728,571 1.00 49.7% 17.5% 2.8% 30% 100% 2012 9 26 17.5% 50,000,000 2012 9 30 67.2% 30% 2.8% 100% 2015 8 25 54,528,571 72,000,000 72,000,000 1.00 10 105
2015 3 [ ] 90.0% 10.0% 71.1% 28.9% 67.2% 2.8% 30.0% 3 (1) 2014 8 5 49% 1,000,000 2014 6 5 (2) 2014 1 3 49% 8,600,000 2016 1 26 (3) 2015 7 106
Full Sincerity 2015 3 19 Full Sincerity 50,000 50,000 1.00 90 10 Full Sincerity 90.0% 10.0% Harmonic Beauty 2015 3 19 Harmonic Beauty 50,000 50,000 1.00 71.14 28.86 2015 8 12 71.14 Harmonic Beauty Harmonic Beauty 71.1% 28.9% 2015 3 20 390,000 39,000,000 0.01 Full Sincerity Harmonic Beauty 0.01 Full Sincerity Harmonic Beauty 50.0% 50.0% Science Investment Science Investment 2015 3 26 Science Investment 50,000 50,000 1.00 Science Investment 2015 5 19 1.00 Science Investment Science Investment 2015 8 20 1,000,000 107
70.0% 2015 11 11 66.2% 2.8% 50,922,000 1.0% 738,000 69.0% 30.0% 1.0% 2015 11 18 Full Sincerity 671 92,160,000 [ ] 30,000,000 Harmonic Beauty 27 3,840,000 [ ] Full Sincerity Harmonic Beauty 96.0% 4.0% 2015 12 2 Hony Capital 2015 11 18 2016 1 14 Hony Capital 300 108
[ ] 2012 3 Hony Capital 2011 8 10 [ ] Hony Capital Hony Capital 3396 10% Hony Capital 2015 12 [ ] 939 601939 [ ] Hony Capital Fund V, L.P. 2012 3 21 2015 12 1 220 2011 12 31 30 2012 5 21 2015 12 1 [ ] [ ] [ ] [ ] [ ]% [ ] [ ] [ ] [ ]% Full Sincerity 2015 12 2 109
[ ] [ ] [ ]% [ ] Hony Capital [ ] Hony Capital 110
[ ] Full Sincerity Full Sincerity 30 9.0% (3) 5 Full Sincerity = x 1 + 33.3% [ ] [ ] [ ] Full Sincerity (i) (ii) (iii) [ ] Full Sincerity (i) (ii) 20% Full Sincerity (iii) (iv) 111
2015 12 2 Full Sincerity Full Sincerity 2015 12 1 Full Sincerity 70 11.0 2015 12 28 Full Sincerity [ ] [ ] HKEX-GL 29 12 HKEx-GL43 12 HKEx-GL-44-12 112
[ ] Hony Capital 90.0% 10.0% 71.1% 28.9% Full Sincerity Harmonic Beauty 67.2% 2.8% 30.0% Science Investment 69.0% 30.0% 1.0% 1 2 1. 2015 6 30 6,000,000 2015 10 27 2. 2015 7 113
2016 [ ] 9,961,000,000 390,000 39,000,000 0.01 100,000,000 10,000,000,000 0.01 [ ] [ ] [ ] [ ] 2016 [ ] [ ] Hony Capital 90.0% 10.0% 71.1% 28.9% Full Sincerity Harmonic Beauty Science Investment 69.0% 30.0% 1.0% 3 114
1. [ ] [ ] 2. [ ] [ ] 3. 2015 7 2006 8 8 2006 9 8 2009 6 22 1992 5 27 75 37 2005 10 21 75 75 115
2014 7 4 3775 37 2015 11 7 37 37 7 2015 2 3 7 7 7 7 Hony Capital 2016 1 28 7 7 116