(a) (b) (c) (d) (e) 32 2(1) (f)
(g) (h) (i) (j) (k) 1933 (l)
i
(1) (1) (2) (3) (4) (5) 1.9 720,000 2009 3 31 46.8% 6.7% 46.5%2009 7 31 14,641 26,872 24.9% 16,028 25,669 23.8% (1) 2009 7 31 16 100,000 400,000 464,000 1.9 1
359,000 2004 12 1.52007 12 2009 2012 2.1 2009 3 31 977 11.126.830.4 35.139.8 2009 3 313.6 10.6 10 2009 6 6 487,000 73 2009 7 2010 2
2009 6 20 30% 3
2007 2008 2009 3 31 601.1 670.9 11.5 117.2% 89.7% 114.1% 2007 2008 2009 3 31 29.957.2106.5 80.8 309.0 71.8 2009 6 30 224.3 254.6 2.7 3.1 2009 6 30 149.8170.0 4
5
(1) (2) 3 31 2007 2008 2009.............................. 83,104 46,759 67,758 (1).......................... 403,178 9,913.............................. 39,959 77,451 100,167.............................. 19,596 25,505........................ 11,258 14,267 20,426........................... 1,760 1,629 630................................. 136,081 562,880 224,399................................ (38,513 ) (285,976 ) (153,640 )................................... 97,568 276,904 70,759................................ 19,015 21,701 19,077 (2) 579,298 659,358 1,193,534 (3)............. 21,773 11,513 (39,631)................... 601,071 670,871 1,153,903........................... (30,659) (45,270) (89,531)................................ (82,175) (117,491) (109,249)................ (1,167)................................ (10,148) (7,911 ) (13,188)................................ (7,584) (960) (6,824)........................... (9,778) 502 1,120........................... (380) (329) (327)................................ 576,930 796,850 1,025,740................................... (403,091) (241,726) (272,170)................................ 173,839 555,124 753,570........................ 174,375 556,075 754,048........................... (536) (951) (478) 173,839 555,124 753,570 6
(1) (i) (ii) (2) 2004 12 2005 3 31 2009 3 2009 3 31 (3) 2005 6 2006 3 31 3 31 2007 2008 2009.......................... 4,009,832 5,774,890 8,398,009............................ 371,089 1,531,378 923,306............................ 4,380,921 7,306,268 9,321,315.......................... 1,474,084 2,728,237 3,259,712............................ 384,408 935,479 1,565,645............................ 1,858,492 3,663,716 4,825,357............................ 2,522,429 3,642,552 4,495,958....................... 4,380,921 7,306,268 9,321,315 3 31 2007 2008 2009............. (80,810) 308,989 71,847.................. (125,602) (524,794) (1,087,445)..................... 361,244 1,079,863 11,394........ 154,832 864,058 (1,004,204)............................. 5,351 72,717 21,390................ 131,940 292,123 1,228,898................ 292,123 1,228,898 246,084 7
2009 3 31 (1) (2) (3) (1)........... 45,000 49,300 (4) 94,300 26.2 351 409 760 26.5 68.4 72.8 463........... 46,100 45,600 (4) 91,700 25.5 364 366 730 25.4 90.4 91.7 590......... 32,300 11,000 (4) 43,300 12.1 248 92 340 (5) 11.9 64.3 64.6 287........ 23,300 24,900 (4) 48,200 13.4 193 207 400 13.9 90.4 90.6 320........ 44,700 37,300 (4) 82,000 22.8 324 316 640 22.3 81.0 84.2 429 (6)..... 191,400 168,100 359,500 (7) 100.0 1,480 1,390 2,870 100.0 79.2 81.6 2,089........... 247,000 4,100 251,100 100.0 6,447 153 6,600 100.0 (6)....... 438,400 172,200 610,600 7,927 1,543 9,470 (1) 2009 3 31 192,000 145,000 (2) (1)(2) (3) (1)(2) (4) 2010 11 (i) 36,000 (ii) 33,000(iii) 11,000(iv)23,000 (v)23,000 (5) 110 7707 26 (6) (7) 2009 3 31 81,000 79,000 43,000 47,000 68,000 318,000 8
2010 3 31 20% 30% (1) (2) 9
1% 10
H1N1 11
2008 Blue Line Capital Medley Opportunity Fund, Ltd. Medley Opportunity Fund L.P. TRG Global Opportunity Master Fund Ltd. TRG Special Opportunity Master Fund Ltd. 2009 Prosper Port Investments Limited Lote Investments Limited Medley Opportunity Fund, Ltd. Medley Opportunity Fund L.P. TRG Global Opportunity Master Fund Ltd. TRG Special Opportunity Master Fund Ltd. 2008 3 28 2009 9 4 20% 12
Earn Fame 72% 6% Hope Best Investment Limited 10% Sunford Investments Limited 10% Zhang Zhi Jie 2% 55% 70% Proficient Success Limited 4% 10% Excellence Group Holdings Limited First Traders Limited10% 2006 4 24 13
2004 12 2005 9 2002 12 18 30% 70% 2004 1 18 51% 10% 39% 2004 7 2 50.5% Globe Honest International Ltd. 49.5% 2005 6 16 32 14
Accurate Gain Developments Limited Proficient Success Limited Earn Fame Earn Fame Group Ltd. Accurate Gain Developments Limited Proficient Success Limited Carrianna Development Limited Kinox Holdings Limited 4 1 3 31 65% 35% 2005 6 16 15
2009 9 7 2007 8 2007 11 16
Luk Ka Overseas Luk Ka Overseas Investments Limited 50% 50% Man Sang BVI Man Sang International (B.V.I.) LimitedNYSE Amex MHJ 100,0003,437,501 69.24% 938 485 17
100% 2007 11 16 100% 2009 8 28 65% 2008 2008 3 28 Medley Opportunity Fund, Ltd. Medley Opportunity Fund L.P. TRG Special Opportunity Master Fund Ltd. 2007 7 11 125 2012 18
2009 6 26 2009 2009 6 26 571 0.01 19
2009 9 4 2008 2008 3 28 100% 2004 7 20 100% 2006 2 10 25%75% 2003 12 31 2005 11 20
2 2009 2009 6 26 126 43.58% 100% 2007 12 26 2009 3 31 2007 7 11 21
80% 20% 2007 11 8 22
23
(1) (2) (1) (2) 24
25
26
2007 2008 2009 83.1 46.8 67.861.1% 8.3% 30.2% 2007 2008 2009 403.2 9.9 0% 71.6% 4.4% 2007 2008 2009 40.0 77.5 100.2 29.3% 13.8% 44.6% 30% 7% 26% 8% 27
2007 11 1,453 49.5% 19.4% 66.7%33.3% 2009 7 31 114 13,900 7.8% 2009 11 2009 2009 55.4% 28
2009 3 313.6 29
229.5260.5(1) 30
(2)(3)(4) 2007 122012 2009 3 31 26.8 30.4 35.139.8 2010 93.3 105.9 101.1 114.8 2009 3 31 642.325.316.1 915.8 708.0 898.8 2009 3 31 2009 71.8 10.9 31
2007 2 12 32
50% 11.6 400 35.0% 452 33
180 180 180 35% 35% 34
1% 10,800 1% 4,000 2009 3 31 101 30% 2007 2008 2009 601.1 670.9 11.5 35
117.2% 89.7% 114.1% 2007 2008 2009 3 3129.957.2 106.580.8 309.0 71.8 36
2009 2008 3 31 0.7 3.6 2009 3 31 4.3 37
2009 7 28 38
2009 3 3127.1% 39
40
2008 7 31 186,750,000 2009 9 4 10% 2 2007 2008 2009 3 31 18.1 39.5 6.6 3.3 41
2009 6 30 42
2007 2008 2009 2008 4 2009 5 2008 4 1 43
2007 2008 2009 0.8 1.6 0.3 30,000 9.8 30% 44
10% 50% 2009 3 31 18.7 30.0 7% 30% 60% 20% 2005 11 2005 11 0.5% 2005 11 0.5%2007 2008 2009 3 31 0.3 0.3 0.3 2006 12 28 2007 2 1 2007 2 45
2005 11 2007 2008 2009 3 317.4 20.4 17.7 2007 3 16 2008 1 1 2007 12 6 2008 1 1 25% 2007 3 16 15% 25% 2008 15% 2008 2007 2008 2009 3 31 5.6 10% 46
25% 5% H1N1 2003 2003 2003 1.2% H5N1 H1N1 2009 6 6 H1N1 54,600 47
3.3 48
2008 9.8% 2007 11.9% 2003 1979 1994 2005 7 21 8.11 1.00 49
2007 3 28 50
............... 1 The Mayfair 20B............... 1-5 6 4 A................ 66 8 14D............. 7 2 D............... 21 E 20 A B 51
............... 4699 11............... 8 801............... 52............... 6 C 11 1 52
10 14 88 23 27C 8 18 8 23 53
54 15 22 2205 www.chinasouthcity.com FCPA 1 The Mayfair 20B FCPA 8 9 19E 1
5001 8 5008 2022 1013 55
1978 2001 2004 159,878 2008 300,670 17.1% 2008 9.8% 2007 11.9% 2004 2005 2006 2007 2008....... 15,987.8 18,322.7 21,192.4 24,953.0 30,067.0............ 10.1% 10.4% 11.6% 11.9% 9.8%........... 12,336 14,053 16,165 18,934 22.640............ 60.6 60.3 63.0 74.8 92.4.......... 7,047.7 8,877.4 11,000.0 13,732.3 17,229.1................... 103.9 101.8 101.5 104.8 105.9....................... 4.2% 4.2% 4.1% 4.0% 4.2% The World Factbook 179,757 2008 12 31 95.4 2008 2007 13.4% 2004 2005 2006 2007 2008....... 1,886.5 2,236.7 2,616.0 3,108.4 3,569.6........... 11.8 12.2 12.3 12.5 11.9........... 20,876 24,438 28,332 33,151 37,588............ 17.3% 17.1% 15.9% 17.0% 13.4%................... 103.0 102.3 101.8 103.7 105.6....................... 2.7% 2.6% 2.6% 2.5% 2.6% 56
167,000 2008 44.0 2008 2007 16.6% 2004 2005 2006 2007 2008.... 345.7 405.7 467.1 550.0 648.0........ 2.2 2.2 2.2 2.2 2.2........ 8,189 9,440 10,798 12,633 14,727......... 22.6% 15.3% 14.4% 17.0% 16.6%................ 103.5 101.7 101.2 104.8 106.0.................... 3.6% 3.5% 3.6% 3.4% 3.4% 236,700 2008 12 31 50.5 2008 19.2% 2004 2005 2006 2007 2008...... 343.4 407.6 482.9 595.6 717.2.......... 2.1 2.2 2.3 2.4 2.4.......... 7,196 8,788 10,296 12,555 14,966........... 20.6% 22.1% 17.2% 21.9% 19.2%.................. 104.4 102.4 101.3 106.1 107.8...................... 4.1% 4.2% 4.1% 3.8% 3.8% 400,000 57
20072006 % (1)........................... 3,922.4 18.6 (2)........................... 3,092.0 30.7 (3)........................ 2,633.4 22.6......................... 1,144.7 34.2 (4)...................... 844.3 25.2............................ 812.0 27.3......................... 515.3 24.2............................ 12,964.1 24.6 (1) (2) (3) (4) 58
.............. 1988 280,000........... 1993 800,000........... 1995 550,000......... 1982 500,000......... 1995 450,000.... 1993 300,000.... 1985 260,000........... 2003 900,000....... 1992 600,000...... 2006 200,000.... 2005 200,000........... 2002 200,000........... 1983 500,000 1993 160,000 2008 35,6964,041 11.9% 28.3% 59
20072006 (%) (1)............................... 1,337.7 12.5 (2)........................... 287.6 20.1 (3)............................... 274.6 26.9............................ 262.1 34.1................................ 202.4 29.3 (4)......................... 151.8 23.6............................ 97.9 20.6................................ 2,614.0 18.8 (1) (2) (3) (4) 45,000 300,000 2009 7 90% 2008 6,4802.2% 2007 2006 (%) (1)...................... 222.3 59.0 (2)............................... 38.2 55.6 (3)........................... 35.7 46.6.................... 33.6 43.9....................... 21.8 25.1....................... 30.5 96.0............................ 6.3 68.9................................ 5.8 68.7................................ 394.3 56.3 60
(1) (2) (3) 2008 30 100 2009 7 100,000 90% 2008 7,172 74 2.4% 0.5% 2007 2006 (%)....................... 107.4 29.6 (1)......................... 36.1 30.9....................... 11.6 60.1....................... 9.6 20.8 (2)........................... 7.3 20.2................................ 6.5 29.8............................ 3.8 16.2............................ 3.3 44.1 185.6 30.4 61
(1) (2) 26 100 10,000 2009 7 31 90% 18,200 100,000 2006 2001 62
(1)(2)(3) (4) 49%(5) 35% (6) 2008 25,616 2007 17.8% 2008 2007 2004 200824.6% 19.2% 2008 14,28511,331 200717.3% 18.5% 2004 2005 2006 2007 2008.................... 593.3 762.0 968.9 1,217.8 1,428.5.................... 561.2 660.0 791.5 956.0 1,133.1................. 32.1 102.0 177.5 261.8 295.4.......... 105.7% 115.5% 122.4% 127.4% 126.1%.... 30.7% 34.2% 36.6% 37.5% 32.5% 2007 2003 CEPA CEPA 63
2008 2007 4.8% 2008 20076.1% 2007 3,142.4 2006 2,882.2 9.0%13.8% 2007 78,000 2005 2010 19,800 15,000 2007 16,394.3 2006 14,663.5 11.8%72.0% 2007 3.6 2007 4.02006 3.5 15.0% 0.02% 2007 2,812.0 2006 2,487.0 13.1%12.4% 1990 1995 2004 20082008 3,877 2004 2,778 2004 110.1 2006 64
105.8 2008 2004 2005 2006 2007 2008......... 1,315.8 1,590.9 1,942.3 2,528.9 3,521.8... 382.3 554.9 618.6 773.5 620.9.... 1,404.5 1,660.5 1,947.9 2,363.2 2,741.0.... 604.1 680.6 792.5 954.0 975.7.............. 2,608 2,937 3,119 3,645 3,882.............. 2,778 3,168 3,367 3,864 3,877................ 110.1 109.1 105.8 112.3 109.5 2003 2005 3 30% 5% 2006 2007 65
200843.6 2007 2.3% 2008 48.2 2007 61.721.9% 2008 5,914 2007 5,891 2008 2,880 2007 3,664 2004 2005 2006 2007 2008........ 34.1 43.9 43.1 42.6 43.6........ 33.5 50.4 51.8 61.7 48.2....... 8.8 9.1 8.4 8.0 7.8 2008 12 31 8.8 2008 7,807 89,814 2004 2005 2006 2007 2008..... 428.2 495.1 581.4 616.5 780.7.......... 54,236 60,801 69,450 79,644 89,814................... 101.3 101.6 102.2 104.1 106.0........................ 2.5% 2.4% 2.3% 2.3% 2.3% 2007 12 31 102.0 2.1 66
2004 2005 2006 2007 2008........... 43.2 42.4 46.2 46.1 44.0................... 12.5 10.5 7.9 8.8 7.5................ 6,756 7,852 9,385 14,050 12,909 200812.5 2008 14.6 2007 21.8 33.0% 2004 2005 2006 2007 2008... 11.6 15.6 16.2 16.3 12.5... 11.7 16.5 17.8 21.8 14.6.. 3.1 3.0 2.9 2.8 2.4 67
2007 2007 12 31 4.5 2008 1,660 36,105 2004 2005 2006 2007 2008........... 77.0 100.7 118.4 139.0 166.0..... 19,042 22,390 26,131 30,464 36,105.............. 103.2 101.0 101.9 104.3 106.2................... 3.4% 3.4% 3.0% 3.2% (1) (1) 2004 2005 2006 2007 2008..... 8.5 11.0 11.1 12.6 16.3............. 3.8 5.3 6.2 6.4 5.2.......... 2,430 3,015 3,126 3,558 4,806 68
2008 12.1 200817.32007 20.2 14.3% 2004 2005 2006 2007 2008... 8.8 13.3 11.3 13.1 12.1... 8.2 14.4 15.0 20.2 17.3.. 2.1 2.6 2.4 2.6 2.8 2007 12 316.720081,316 19,142 2004 2005 2006 2007 2008........... 58.9 72.3 87.0 106.3 131.6..... 9,126 11,057 13,071 15,685 19,142.............. 104.2 101.1 102.5 104.4 108.4................... 4.4% 4.4% 4.5% 3.72% 3.57% 69
2004 2005 2006 2007 2008.... 6.6 10.5 13.9 18.7 19.9............ 4.4 6.6 6.5 6.7 5.4......... 2,761 2,638 2,872 3,404 3,946 2008 2009 [] 2008 2020 2009 3 10 70
2009 2011 2003 2008 11 2008 11 9 45,840 1,200175 2008 11 10 2009 1 1 2008 11 26 2008 12 3 1,000 146 2008 12 13 30 2009 17% 2008 12 21 71
2008 10 30%20% (1) 1.08%5.58% 2.52% 2008 11 27 (2) 1% 2% 2008 12 1 10% 0.27 2008 12 23 2008 10 2008 12 1 3,500 2008 11 1 3,800 2008 12 1 1002009 1 1 290 40 2009 3 31 307,700 72
(1) (2) (3) 73
2002 2008 2 30%Accurate Gain Developments Limited 25% Proficient Success Limited20% Carrianna Development Limited15% 5% Kinox Holdings Limited5% 2004 12 2004 4 1 30% [] 2002 12 18 2002 12 24 2003 9 25 1.5 2005 11 74
2002 12 2003 7 2003 10 2004 12 2005 9 2006 8 2007 8 2007 12 2008 2 2008 6 2008 9 2009 3 2007 2 11 2008 3 21 75
2007 12 29 2007 7 11 2008125 2008 2008 20082008 3 28 2008 2008 2008 3 28 2008 3 28 76
2008 3 28 (1) (2)2008 2008 2007 7 11 11.75%2008 20082008 2008 2008 Blue Line Capital 40 45 2008 10 30 2009 1 8 Prosper Port Investments LimitedBlue Line Capital Prosper Port Investments Limited 2009 6 22 Prosper Port Investments Limited 1.2 Lote Investments Limited (Prosper Port Investments LimitedProsper Port Investments Limited Lote Investments Limited 2009 6 26 2009 2009 2009 7 62009 Prosper Port Investments Limited Lote Investments Limited85 70.55 2009 7 242009 TRG Global Opportunities Master Fund Ltd. 9.5 77
7.98TRG Global Opportunities Master Fund Ltd.500,000 TRG Special Opportunity Master Fund Ltd. 125 30.5 Medley Opportunity Fund, Ltd. (1) 18,000,000 Medley Opportunity Fund L.P. (1) 2,000,000 TRG Special Opportunity Master Fund Ltd. (2) 10,500,000 30,500,000 (1) Medley Opportunity Fund, Ltd. Medley Opportunity Fund L.P. 2006 Medley Capital, LLC 2009 6 30 850 Medley Capital LLC (2) TRG Special Opportunity Master Fund Ltd. TRG Management L.P. 2009 5 31 24TRG Special Opportunity Master Fund Ltd. 2006 3 78
2008125 79
80
(1) (2) Proficient Success Limited (3) 43.58% (4) Carrianna Development Limited Sincere United Holdings Limited 1 50% (a) (b) (i) (ii)100,000,000,000,000.00 (iii) (c) 100,000,000,000,000.00 Carrianna (BVI) Ltd 1 Carrianna (BVI) LtdCarrianna (BVI) Ltd (5) 81
82
(1) 49.5%Globe Honest International Ltd. (2) 70% (3) 10% 39% (4) 2008 3 24 (5) 5% (6) (7) 30%10% Excellence Group Holdings Limited10% First Traders Limited10% Proficient Success Limited 4% (8) 20% 55% 2004 12 20 40.18% 40,000 20%Carrianna Development Limited 24% 10,000 5%Kinox Holdings Limited Accurate Gain Developments Limited Proficient Success Limited Carrianna Development Limited Kinox Holdings Limited 2004 4 1 Proficient Success Limited 2005 1 15 Proficient Success Limited16% Proficient Success Limited4% Accurate Gain Developments Limited 2006 9 8 50 Accurate Gain Developments Limited 50% 83
2006 9 187,9991,999 2008 10 30 30,000 30% Luk Ka Overseas 2002 6 1 2002 8 2 84
(1) (2) (3) (4) (5) 1.9 720,000 2009 3 31 46.8% 6.7% 46.5%2009 7 31 14,641 26,872 24.9% 16,028 25,669 23.8% 2004 12 2007 12 2009 85
2012 2.1 2009 3 31 977 11.126.830.4 35.139.8 2009 3 313.6 10.6 10 2009 6 6 487,000 73 2009 7 2010 2009 6 20 86
2007 2008 2009 3 31 601.1 670.9 11.5 117.2% 89.7% 114.1% 2009 6 30 224.3 254.6 2.7 3.1 2009 6 30 149.8170.0 87
本 網 上 預 覽 資 料 集 為 草 擬 本 其 內 所 載 資 訊 並 不 完 整 亦 可 能 會 作 出 變 動 並 須 與 本 網 上 預 覽 資 料 集 封 面 警 告 一 節 一 併 閱 覽 業 務 以下地圖顯示我們在深圳的項目以及南昌及南寧的未來發展規劃物業的地理位置 南寧 城市資料 於 2008 年 12 月 31 日 及 截 至 該 日 止 年 度 人 口 百 萬.......................... 人均國內生產總值增長.................. 工 業 增 值 (2) 人 民 幣 十 億 元................ 我們的物業項目 已落成物業的建築面積 以及 發展中物業及未來發展規劃物業 的 估 計 建 築 面 積 平 方 米............... 7.0 (1) 12.8% 35.0 4,163,000 資 料 來 源 南 寧 市 統 計 局 深 圳 市 統 計 局 及 南 昌 統 計 信 息 網 (1) 於 2008 年 1 月 (2) 工 業 增 值 為 工 業 總 產 出 減 生 產 成 本 88 深圳 南昌 8.8 10.2% 361.8 4.6 14.1% 10.9 2,600,000 3,876,000
464,000 2004 12 359,000(1) (2) (3) (4)(5) 2003 12 2006 6 105,000 2009 3 31 525,000 340,000 141,000 44,000 116,000 2012 2.1 2009 3 31 385,0002009 68,000 22,000 2009 784,000275,000 103,000 2012 2.0 2010 2014 3.9 89
1.1 427,000300,000 1.6 385,000 2009 2010 2011 10 1.7 2010 2014 4.2 1.8 520,000360,000 1.2 310,000 2009 2011 2010 20132009 3 31 74.7 2009 6 6 487,000 73 2009 7 90
2009 6 20 35 180 10 91
2006 2010 2003 10 2004 12 2009 3 31 81.6% 2007 40.0 2009 100.2 2003 2009 2003 2005 92
20 40 93
: (1) (2) 94
12 2008 2 1,628 (1) (2) (3) (4) 2009 3 2009 95
96
97
98
(1) (2) (3) (4) (5) (6) (7) (8)(9) 20 1.06 2.6 2004 12 (1) (2) (3) (4)(5) 359,000105,000 99
2006 8 2007 12 2012 1.5 2009 3 340,000 385,0002007 122009 2011 343,000 2008 2009 68,000 2012 147,0002007 4 2008 2 44,000 2011 163,0002008 2 1,628 114,000 27,000 22,000 2008 8 2009 2009 3 31 525,000 340,000 141,00044,000 24.3% 2009 3 31 97711.1 26.830.4 35.1 39.8 2012 340,0002009 3 385,000 2009 2011 100
101
2009 3 31 (%) (%) (%) (%)......... 359,500 (1) 77.5 340,400 (3) 65.0 1,169,000 (7) 72.6 1,868,900 (1) 71.9 (4).... 22,400 4.8 343,400 (8) 21.3 365,800 14.1......... 141,200 (5) 26.6 22,100 (9) 1.4 163,300 6.2......... 26,500 (2) 5.7 43,900 (6) 8.4 76,600 (2) 4.7 147,000 (2) 5.7.... 35,900 7.8 35,900 1.4....... 10,000 2.2 10,000 0.4 (10).. 9,300 2.0 9,300 0.3............ 463,600 100.0 525,500 100.0 1,611,100 100.0 2,600,200 100.0 (1) 1,390 168,000 (2) 103,100 26,500 76,600 (3) 6,574 251,000 1534,100 (4) (5) 2008 2114,700 26,500 (6) 2009 3 3143,200700 (7) 263,700 (8) 259,000 84,000 (9) 15,000 7,100 (10) 2009 6 30 224.3254.6 102
2004 12 (1) (2) (3) 2009 3 31 2,870 359,000 2009 3 311,390 168,000 1,080 126,000 107,000 2009 3 31192,000 145,000 2009 3 31 126,000 192,000318,000 359,00088.6% 103
80350110 770 7 26 2009 3 31 188,000 1,390 168,000 2009 3 31 2,10081.6% 2009 3 31760 94,300 460 2009 3 31 81,000 49,300 2009 3 31 72.8% 2009 3 31730 91,7005902009 3 31 79,000 45,600 2009 3 31 91.7% 2009 3 31 340 43,300 290 230100 110 770 7 26 2009 3 31 43,00011,000 2009 3 31 64.6% 2009 3 31 400 48,200 320 2009 3 31 47,000 24,900 2009 3 31 90.6% 104
2009 3 31 640 82,000 430 2009 3 31 68,00037,300 2009 3 31 84.2% 2009 3 31 (1) (1) (2) (3).............. 45,000 49,300 (4) 94,300 26.2 351 409 760 26.5 2004 12 45............... 46,100 45,600 (4) 91,700 25.5 364 366 730 25.4 2004 12 45............. 32,300 11,000 (4) 43,300 12.1 248 92 340 (5) 11.9 2004 12 45........... 23,300 24,900 (4) 48,200 13.4 193 207 400 13.9 2004 12 45........... 44,700 37,300 (4) 82,000 22.8 324 316 640 22.3 2004 12 45.................. 191,400 168,100 359,500 (6) 100% 1,480 1,390 2,870 100% (1) 2009 3 31192,000145,000 (2) 2003 7 (3) 4,000 (4) 2010 11 (i) 36,000 (ii) 33,000(iii) 11,000(iv)23,000 (v)23,000 (5) 110 770 7 26 (6) 2009 3 31 81,000 79,000 43,000 47,000 68,000 318,000 2009 3 312,100 105
2009 3 31 10 5.4% 2009 3 31 10 (1) (2) (3) (%) (%)............. 2004 2014 4,556 1.3 124,941 2.2 12 1 11 30 2006 2016 4,012 1.1 87,754 1.5........... 10 1 9 30......... 2007 2017 3,501 1.0 21,156 0.4 5 1 7 31 2007 2010 2,097 0.6 21,445 0.4........... 7 1 12 31 2007 2011 1,106 0.3 10,942 0.2 9 1 4 30... 2007 2010 1,009 0.3 13,147 0.2 8 1 11 30 2004 2014 910 0.2 28,061 0.5 12 6 12 5...... 2007 2010 808 0.2 12,210 0.2 8 20 11 30... 2007 2009 807 0.2 9,820 0.2 9 10 11 9..... 2007 2009 595 0.2 5,930 0.1 5 1 7 31............................. 19,401 5.4 335,406 5.9.......................... 232,406 64.7 5,357,655 94.1.......................... 66,084 18.4.......................... 41,574 11.5............................. 359,465 100.0 5,693,061 100.0 (1) 10 (2) (3) 2009 3 31 106
3 31 (1) 2007 2008 2009 (2) (3) (2) (3) (2) (3)................. 90.4 90.6 613 73.8 77.4 498 68.4 72.8 463................. 93.3 93.4 610 90.9 92.2 591 90.4 91.7 590............... 30.1 30.1 183 61.3 61.6 309 64.3 64.6 287............. 38.3 38.9 136 71.5 72.3 244 90.4 90.6 320............. 68.2 69.4 396 81.0 84.1 417 81.0 84.2 429 (4)................ 71.7 72.3 1,938 77.5 80.1 2,059 79.2 81.6 2,089 (1) (2) (1)(2) (3) (1)(2) (4) 2008 3 31 2007 3 312009 3 312008 3 31 2008 3 31 2007 3 31 2009 3 31 2008 3 31 2009 2008 3 31 77.5%2009 3 31 79.2% 107
3 31 2007 2008 2009 (1) (2) (1) (2) (1) (2)................ 61.0 21.0 57.6 28.1 64.6 28.5................ 66.2 20.4 66.8 34.6 64.9 33.0.............. 18.6 18.6 57.5 13.3 60.7 12.9............ 68.7 17.0 65.9 13.3 65.1 13.2............ 68.1 17.4 57.8 18.1 64.8 18.6 (3)............... 62.4 19.6 61.5 24.2 64.4 23.2 (1) (2) (3) 2008 3 31 2007 3 31 2007 11 2008 2008 2008 12 2009 3 31 2008 3 31 2007 11 2007 2008 2009 3 31 0.7 0.7 4.3 (1) (2)(3) (4) 2009 3 31 108
30 (1) (2) (3) (%) (%) 2009 (4)..... 1,179 137,616 55.4 3,367,355 59.1 2010...... 706 77,573 31.2 1,575,558 27.7 2011...... 101 13,154 5.3 288,374 5.1 2012...... 2 202 0.1 6,062 0.1 2013.. 158 20,013 8.1 455,711 8.0........ 2,146 248,558 100.0 5,693,060 100.0 (1) 2009 3 31 (2) 2009 3 31 (3) 2009 3 31 (4) 2007 11 1,453 178,000 19.4% 66.7% 96,000 2009 11 30% 528,000 30%188,000 2009 3 311,390 168,000 340,000 1.1 109
188,000 318,000 (1) 30% (2) 2009 3 31 863.2 120 126,000 2010 11 2009 3 31 4,000 30% 40% 2% 10% 2007 3 10,400 7.3 3.4% 2008 7 3 110
(1) (2) 2007 12 2009 3 2009 (1) (2)(3)2010 2011 (3) (4) 1,628 2008 2 2009 5 (5) 26,500 1.5 353,000 111
340,000 2009 3 90,000 22.6% 2009 385,000 75,000 25.5% 2010 2011 180,00060,000 11.9% 2010 2011 321,00062,000 21.3% 2010 2011 283,00066,000 18.7% 112
(1) (%)........ 175,000 75,800 89,600 340,400 22.6 6,600 2009 47........ 203,500 106,400 75,100 385,000 25.5 8,500 2009 47...... 98,000 22,000 60,000 180,000 11.9 (2) 2011 45.... 188,000 70,700 62,300 321,000 21.3 (2) 2011 48.... 151,700 65,000 66,300 283,000 18.7 (2) 2011 47........... 816,200 339,900 353,300 1,509,400 100.0 (1) 2005 11 2005 12 2003 11 2007 5 2005 11 (2) 2009 3 31 26.8 30.4 35.139.8 2008 62008 8 2008 9 2009 7 31 14,641 26,872 17.2%93.1% 16,028 25,669 16.5% 113
147,000 2008 2 44,000 2011103,100 26,500 9,000 114
2007 21 2009 2,600 3,000 3.5 10367 33,000 2005 9 2007 7 (1) (2) (3) 2009 3 31 12 1,050 115
15% 20% 15% 20% 1,678 938 2008 4 2009 5 116
40,000 1,628 114,000 27,000 2009 3 31 1,211 1,628 74.4% 81,000 71.7% 4,838 5,478 2006 8 2008 2 2008 8 15,000 7,000 2009 (1) (2) 20 20 2055 5 15 117
2008 2 2009 3 31 1,211 1,176 118
30% 50% 2009 7 31 2008 6 30 20 2055 5 15 2055 5 15 119
2008 403.2 2009 9.9 2009 3 31 74.4% 2002 12 24 120
2003 9 25 1.5107,000 1.06 300,000 (1) (2) (3) (4) (5) 300 120 1802009 3 31 1,400 253.8 54,535 10% (1) 1510.0 (2) (3) (4) 121
(5) (1) (2) (3)(4) (5) (6) 2005 11 1,400 122
2005 Skytrax AETRA 35 180 20 30 120 5.5 35 29 800 2009 15 3000 123
2008 12 20030 2007 2 2010 2011 2012 2014 2.0 3.9 1.1 427,000 300,000 1.6385,000 93.3 124
2007 2 11 65% 2008 3 21 2007 2 11 2007 10 2.0 750,000 500,000 750,000 2007 12 2008 12 2009 6 2009 37.5% 37.5% 25.0%60 15 10 125
(1) (2) (3) (4) (5) 250 (6)250 30 25 320 126
2007 12 2010 2012 1.7 4.2 1.8 520,000 360,000 1.2310,000 101.1 2007 12 29 1.7 997,000 400,000 333,000 2009 840,000 2011 127
890,000 (1) (2) 60 (3) (4) 20 30 320 105 316 128
2005 12 25 2006 6 4 2009 4 21 2009 6 6487,000 73 2009 3 31 74.7 2009 7 31 50.5 2009 6 20 2009 3 31 458 452 35 129
2009 3 31 3.8 15.0 7.0 8.02007 2008 2009 11.3 14.3 20.4 40 7050 1.06 1.05 50 10,800 1.0% 2009 5 25 4,000 130
1,400 0.1% 54,600 (a) 20% (b) 2008 7 10 54,600 3.3 38,500 2009 6 131
(1) (2)(3) (1) (2) (3).............. 2003 7 2003 7 7 2004 12 2003 9 23 2007 6 12............... 2003 7 2003 7 7 2004 12 2003 9 23............. 2003 11 2003 11 10 2005 12............ 2003 7 2003 7 7 2004 12 2003 9 23............ 2003 7 2003 7 7 2004 12 2003 9 23 (4)................. 1992 8 2004 9 8 2005 11 (5)........... 2003 7 2003 7 7 2005 6 2007 6 12 2006 6............... 2003 3 2003 3 17 2003 12 2004 12 (1) (2) (3) 4,000 (4) (5) 10,8002009 5 10,800 10,800 4,000 2009 5 25 4,000 132
1% 2009 3 31 101 (1) (2) (1) (2).......... 2005 11 2005 11 18 2009 2007 6 12 2008 2 21.......... 2005 12 2005 12 6 2009 2007 5 31 2008 1 2........ 2003 11 2003 11 10 2011....... 2007 5 2007 5 10 2011....... 2005 11 2005 11 4 2011 2007 6 29 2008 3 20 (3)............ 1992 8 2004 9 8 2008 2012....... 2003 7 2005 11 18 2009 2008 3 20 2012.......... 2005 5 2005 5 16 2008 133
(1) (2) (3) 1,400 0.1% 54,535 10% 2008 2 2009 5 2.0 2009 2010 2011 1.7 840,000 2009 890,000 2011 2009 6 6 487,000 73 2009 7 134
2009 3 31181 20 135
2009 10 3,000............................. 6................................................................................................................................................................................................................................................................................................................................... 2009 4 2009 6 2009 6 2009 6 2009 6 2009 6 2009 10 2009 10 2009 11 2009 12 2009 12 2009 12 2009 [2009].......... 2009 2 [ 15 ]............ 2009 3 16.......... 2009 3 2009.......... 2009 4 73.............. 2009 4 13........ 2009 4 09..................... 2009 5 19................... 2009 6 14........... 2009 9 2009 74............... 2009 11 136
2009 3 31 450 30 2008 137
2008 2003 2009 2003 2003 2006 2008 2003 2006 2009 2006 2003 2005 2005 2006 2007 2007 2006 2008 2008 100 2009 3 31 2,600 100 138
3 15 2009 3 31 2008 12 23.2 64.4 64.0% 2007 11 2009 3 31 60.8% 139
2009 3 31 (1) (1) (2) A....... 1 105 2008 2009 9,400 3.8% B....... 1 2 1,175 2007 2008 2009 2010 141,600 57.0% C....... 2 3 495 2007 2008 2010 2011 66,400 26.7% D....... 3 10 73 2004 2008 2010 2017 31,100 12.5%...... 1,848 248,500 100.0% (3) A....... 1 4 2008 2009 2009 2010 300 2.0% B....... 1 2 20 2007 2008 2009 2010 3,300 19.8% C....... 2 3 9 2006 2008 2009 2010 2,700 16.3% D....... 4 10 6 2005 2008 2011 2016 6,800 40.8%...... 39 13,100 78.9% (4).. 9 3,500 21.1% 100.0% (1) (2) 2007 11 38% (3) (4) 5,000 10,000 140
2007 11 (1) (2) (3) 2009 7 31 24,300 25.0% 29.3 141
8,000 (a) 55 60 (b) 70% 2007 2008 2009 3 3114.9 94.1 82.6 2009 7 31 1996 8 1 (1) (2) (3) 2007 2008 2009 3 31 4.6 126.4 95.9 2009 7 31 2009 7 31 0.73% 142
2007 2008 2009 3.1% 1.0% 2.4% 2007 2008 2009 1.1% 0.3% 0.8%2007 2008 2009 15.4% 6.5% 6.0% 2007 2008 2009 6.5% 4.6% 2.9% 2007 2008 2009 5.4% 16.0% 16.6% 2007 2008 2009 2.3% 4.4% 4.4% 5% 2009 3 311,390 168,000 161,000 95.8% 143
10% 37% 2005 2009 7% 26%279.5 67.8211.7 (1) (2) 144
(1) 90 (2)30 90 8% 2007 11 123,000 (1) (2) 2009 3 31 98.7% 145
300 2% (1) (2)(3) (4) 24 146
(1)(2) (3) (4) 20 25 147
6 24 70% 95% 5% 30 148
2009 3 31 2009 3 31 37.8 2009 3 31 8.5 149
2009 7 28 30,000 9.8 2007 2008 2009 3 31 0.8 1.6 0.3 2008 4 2009 3 31 39 2009 5 2008 4 2009 7 31 2009 7 31 99.5% 150
2008 7 3 2009 5 2008 9 1%870,000 2008 9 2008 2 2008 9 (1) 151
(2) 2008 9 2008 12 2008 12 2008 12 2008 92009 3 31 2008 7 2009 3 31 13 10 152
2008 2 2009 3 31 2008 82009 3 31 2008 12 2008 12 153
50,000 200,000 2008 5 154
2007 2008 2009 3 31 99,600177,200319,3002009 155
2007 2008 2009 3 31 617,0003.9 1.0 400,000 156
China South City www.chinasouthcity.com 2009 3 31 157
15 22 2205 2011 3 16 3,873 1 7,400 1,300500 2010 12 2009 3 31 1,059 858 201 2009 3 31........................................ 9............................. 181 (1)......................................... 64.......................... 47 (2).................................... 58.......................................... 4................................... 9 (3)..................................... 312..................................... 8 (4)..................................... 150....................................... 4.................................. 12.......................................... 858 (1) (2) 12 (3) 36.4% (4) 150 6 452 2008 7 2009 1 2009 7 2010 124 158
2009 3 31............ 165................. 36............................. 201 2007 6 29 2008 1 1 2008 1 1 159
50% 100% 2008 1 1 2008 2007 2008 2009 833,0001,200,0003.5 160
2002 12 18 2002 2 11 161
2005 6 15 2005 12 5 2007 9 4 100.0 100.0 120.0 2005 1 21 (1) 100 (2)50 2004 3 25 2004 9 21 2007 11 11 2008 2 26 2008 5 13 (1) 11.6 (2) 2008 5 13 162
2003 7 3 (1) (2) (3) 1986 6 25 2004 8 28 1988 4 2004 8 28 1990 5 19 163
70............................... 40......................................... 70......................................... 50.............. 50.............................. 50 2007 3 16 2007 10 1 164
2004 8 31 20 10 165
1994 7 8 1998 2 13 2001 7 6 2001 2001 2008 166
2009 7 31 99.5% 167
1.5 2009 7 31 30 (1) (2) 168
(1) (2) 169
171 2006 7 11 171 171 10 50%10 [ ] [] 35% 2009 5 25 30% 170
50% 50 2007 5 23 50 130 2007 7 10 130 50 171
2007 6 1 2007 6 1 2007 6 1 50 130 2000 3 29 30 2009 7 28 172
1995 5 9 1995 6 20 30 1999 3 15 (a) (b) (c) 2009 5 [ ] 173
2001 4 4 25% 174
2001 4 4 175
(1)(2) (3) (4) (1) (2) 8% (1) (2) (1) 176
(2) (3) 2003 35% 35% 20% 177
1998 11 29 2002 10 282003 9 1 2006 7 6 178
179
2008 8 1 2008 8 5 10.0%50.0% 180
1998 9 15 2 10% 25%33% 2007 3 16 15% 24% 25%2008 15% 2008 2012 2008 1 1 25% 25% 10% 181
2006 12 8 5% 25%5% 25% 10% 2009 1 1 3% 20% 5%5% 3%5% 2005 11 9[ ] 30% 60%2005 11 2005 11 1 0.5% 2005 182
11 2006 12 28 2007 2 1 2009 1 1 2% 17% 4% 4% 17% 2008 20% 10% 2008 1 1 10% 2008 1 1 2008 1 1 2008 1 1 2008 1 1 2008 1 1 183
Accurate Gain Developments Limited Proficient Success Limited42% 38% Accurate Gain Developments Limited Proficient Success Limited 11.106% 6.212% Cafoong Limited 60% 40% Cafoong Limited Man Sang BVI 100,0003,437,501 Man Sang BVI 69.24% Man Sang BVI40.368%Man Sang BVI 55% 2008 4 55% 184
15.0%72.3% 27.7% 65% 2007 5 15 7.55.1 2007 82009 3.3 185
2009 186
(i) (ii) 187
(a) (i) (ii) (iii) (b) (a) 5% (b) 188
(i) (ii) (iii) (iv) 189
8.10(1) Earn Fame 72% 6% 22% 2007 9 25 43.58% 72% 6% Luk Ka Overseas 50% Luk Ka OverseasLuk Ka Overseas Luk Ka Overseas 190
Luk Ka Overseas Luk Ka Overseas 6% Earn Fame 72%Earn Fame Earn Fame (i) (ii) 8.10(2) 191
(i) (ii) (iii) (iv) (v) 50.5% (vi) (vii) 192
(viii) (ix) 50.5% 51% (x) 77% Poly Faith Investment Ltd. 50% (xi) Luk Ka Overseas Luk Ka Overseas 50%50% (xii) 14A 193
(1)(2)(3)(4) (5) (6)(7)(8) (9) 2007 8 2007 11 8% 2007 12 12010 11 30 2008 2009 3 31 3 31 2008 2009 (1) 85,400 277,300 (2) 32,500 105,600 (3) 56,200 182,400 (4) 17,300 56,300 (5) 17,000 55,100 (6) 13,000 42,200 (7) 13,400 43,500 (8) 17,300 56,200 (9) 16,300 52,800 2010 2011 3 31 3 31 2010 2011 (1) 316,000 211,000 (2) 121,000 81,000 (3) 208,000 139,000 (4) 65,000 43,000 (5) 63,000 42,000 (6) 49,000 33,000 (7) 50,000 34,000 (8) 65,000 43,000 (9) 61,000 41,000 194
2009 8 26 2007 2008 3 31 254,000 139,000 0.2%0.1% 2009 3 31 2011 2010 2010 2011 2012 3 31 600,000700,000700,000 2011 3 16 22 19,903 148,000 3,873 2008 7 1 2011 3 16 760,000 2008 6 2008 6 30 2009 3 31 1,406,000 2010 2011 3 31 2,109,3802,024,325 195
196
............ 48............ 53.............. 70............ 67............ 56............ 65............ 72............ 58............ 52 197
48 2002 8 2 25 938 Man Sang BVINYSE Amex MHJ 1980 2009 3 31 987 Distinguished International Entrepreneur of the Year Award 1997 1997 2008 1998 2006 2001 2005 11 53 2002 6 1 25 1993 3702008 198
70 2002 9 2008 2 4 20 19801992 2000 604 1964 2 1988 1994 1996 67 2002 8 2 40 126 1967 2,300 199
2003 7 1 2009 7 1(BBS) (SBS) 2004 2008 56 2002 8 2 30 1949 800 2003 7 1 2006 7 1 (BBS) 3828 0822 65 2002 8 2 200
30 Luk Ka Overseas Investments Limited Luk Ka Overseas Investments Limited 2,000 2005 Armstrong University 72 0009162003 6 2008 9 2003 728 2003 4 2009 5 2000 10 386 2003 10 2008 11 201
40 1960 2009 9 4 58 30 1970 2003 3 2004 6 0440 2004 23562007 1 3313 2004 20084 1997 1990 2009 9 4 52 32 12 270 604 554 20072009 9 4 202
13.51(2)(a) (x) 13.51(2) 44 2006 7 16 2002 12 2004 11 270 124 53 38 2008 2 13 270 Guangdong Development Fund Limited GDF gdf Guangdong Investment Management Limited GDF 279 164 452002 10 1989 203
13 382004 11 Poiters University 15 1992 1993 1993 1999 1999 2004 56 2007 1 15 1982 44 2004 6 1995 9 1999 2001 2002 2003 38 204
2009 9 4 14 2009 9 4 2009 9 4 205
2007 2008 2009 3 31 21,206,00039,687,00014,681,000 2007 2008 2009 3 31 206
10% Accurate Gain Developments Limited............ (1) Proficient Success Limited (1)................................ (2) Carrianna Development Limited................ (1) Sincere United.......................... Holdings Limited (3)..................... (3)....................... (3) Carrianna (BVI) Ltd....................... (3)............................. (3)........................ (1) (1) (2) Accurate Gain Developments Limited 50% Proficient Success Limited 38% Accurate Gain Developments Limited Proficient Success Limited (3) Carrianna Development Limited Sincere United Holdings Limited 1 50% (a) (b) (i)(ii) 100,000,000,000,000.00 (iii) (c)100,000,000,000,000.00 Carrianna (BVI) Ltd1 Carrianna (BVI) LtdCarrianna (BVI) Ltd 43.58% Sincere United Holdings Limited Carrianna (BVI) Ltd Carrianna Development Limited 207
30,000,000,000 0.01.................. 300,000,000 20,000,000.................. 200,000 20% 208
(1) (2) (3) (4) (5) 1.9 720,000 2009 3 31 46.8% 6.7% 46.5%2009 7 31 14,641 26,872 24.9% 16,028 25,669 23.8% (1) (2) (3) (4)(5) (6) 2004 12 2005 20062008 2009 3 31 977 11.1 26.830.4 209
35.139.8 2006 12 10 3 31 12 12 31 12 210
30% 2007 2008 2009 3 31 601.1 670.9 11.5 2007 2008 3 31 2008 3 312007 11 2009 3 31 2009 3 2009 2008 3 3123.7% 2007 2008 2009 3 31 2007 2008 2009 3 31 117.2% 89.7% 114.1% 2007 2008 2009 3 31 29.957.2106.5 211
2009 3 31 2004 12 2005 6 2009 3 2009 3 31 2007 2008 2009 (1).. 579,298 659,358 1,193,534 (2)........... 21,773 11,513 (39,631)................................ 601,071 670,871 1,153,903 (1) 2004 12 2005 3 31 2009 3 2009 3 31 (2) 2005 6 2006 3 31 2002 7 2007 2008 2009 212
2007 2008 2009 2004 12 2009 (1) (2) 2004 2008 17.1%2004 2008 17.3% 17.0% 20.2% 213
2008 2 (1)(2) (3) 2008 3 31 2009 3 31 403.2 9.9 214
2009 3 31 (1) (2) 215
3 31 2007 2008 2009................................. 136,081 562,880 224,399.............................. (38,513) (285,976) (153,640)................................. 97,568 276,904 70,759.............................. 19,015 21,701 19,077...................... 601,071 670,871 1,153,903......................... (30,659) (45,270) (89,531).............................. (82,175) (117,491) (109,249).............. (1,167).............................. (10,148) (7,911) (13,188).............................. (7,584) (960) (6,824)......................... (9,778) 502 1,120......................... (380) (329) (327).............................. 576,930 796,850 1,025,740................................. (403,091) (241,726) (272,170)......................... 173,839 555,124 753,570...................... 174,375 556,075 754,048......................... (536) (951) (478) 173,839 555,124 753,570 3 31 2007 2008 2009....................... 4,009,832 5,774,890 8,398,009......................... 371,089 1,531,378 923,306......................... 4,380,921 7,306,268 9,321,315....................... 1,474,084 2,728,237 3,259,712......................... 384,408 935,479 1,565,645......................... 1,858,492 3,663,716 4,825,357......................... 2,522,429 3,642,552 4,495,958.................... 4,380,921 7,306,268 9,321,315 216
(1)(2) (3) (4) (5) 3 31 2007 2008 2009 % % %.............. 83,104 61.1 46,759 8.3 67,758 30.2.......... 403,178 71.6 9,913 4.4....... 17,463 12.8 29,548 5.3 33,709 15.0............ 15,313 11.2 35,374 6.3 37,142 16.5 (1)........ 7,183 5.3 12,529 2.2 29,316 13.1............ 39,959 29.3 77,451 13.8 100,167 44.6 (2)............ 19,596 3.5 25,505 11.4....... 11,258 8.3 14,267 2.5 20,426 9.1.......... 1,760 1.3 1,629 0.3 630 0.3................. 136,081 100.0 562,880 100.0 224,399 100.0 (1) (2) 2007 7 2007 7 27 217
30% 2008 2 2008 2 2004 12 2007 3 2009 3 31 10,400 1.2%2008 2009 3 312.7 4.6 3.5% 4.6% 218
2007 72007 3 31 2007 4 12007 7 27 2007 7 28 3.8 15.0 2007 2008 2009 3 31 2008 4 2009 5 3 31 2007 2008 2009 % % %....... 4,778 12.4 1,251 0.4 933 0.6............ 22,672 58.9 5,914 2.1 16,734 10.9.......... 1,860 4.8 487 0.2 3,666 2.4......... 29,310 76.1 7,652 2.7 21,333 13.9....... 217,638 76.1 5,006 3.2.......... 9,203 23.9 60,686 21.2 127,301 82.9................. 38,513 100.0 285,976 100.0 153,640 100.0 219
(1)(2) (3) 2007 2008 2009 76.1% 2.7% 13.9% 220
(1)(2) (3) 2007 2008 2009 76.1% 3.2% 2008 3 31 2007 7 2007 2008 2009 23.9% 21.2% 82.9%2009 3 31 2009 3 31 6.435% 8.613% 2009 3 31 7.4 2009 7 31 0.73% 221
3 31 2007 2008 2009 % % %............... 2,196 11.6 59 0.3 2,860 15.0............ 713 3.7 746 3.4 7,804 40.9............ 2,909 15.3 805 3.7 10,664 55.9.............. 6,573 34.6 13,890 64.0 830 4.4................. 7,059 37.1 (1)................ 2,474 13.0 7,006 32.3 7,583 39.7................. 19,015 100.0 21,701 100.0 19,077 100.0 (1) 2008 3 31 222
2009 3 31 2008 3 31 2009 3 31 7.0% 2007 7 2012 7 2008 3 28 2008 2008 223
2007 7 2009 7 31 5.31%5.40% 2009 3 31 188.3 2007 2008 2009 3 317.6 1.0 6.8 2007 3 31 2007 4 1 2007 7 27 2007 7 27 30% 224
3 31 2007 2008 2009 % % %............ 22,500 8.3............ 7,377 1.8 20,423 8.4 17,713 6.5.......... 395,714 98.2 221,303 91.6 231,957 85.2............ 403,091 100.0 241,726 100.0 272,170 100.0 2007 2008 2009 3 31 69.9% 30.3% 26.5% 2007 2008 (1)2008 13 (2) 2007 15%25%2008 2008 2009 (1) 2009 (2) 2009 (3) 2008 51.7 2008 2008 51.72008 51.72009 200922.5 225
2009 3 31 11 162007 2008 2009 3 31 22.5 2007 3 31 2008 3 31 2008 2009 2009 29.2 22.5 2007 2008 2009 3 31 395.7 221.3 232.0 2007 12 31 15% 2008 2008 2009 18% 20%2010 2011 2012 22% 24% 25%2008 2009 2010 2011 2012 226
2005 11 2005 11 1 0.5% 2005 11 2008 7 2.0% 2007 2008 2009 3 31 0.3 0.3 0.3 2007 2 1 2005 11 2007 2008 2009 3 31 7.4 20.4 17.7 3 31 2007 2008 2009 (1)............. 395,714 221,303 231,957 (2)................ (397,353) (224,654) (237,906)................ 1,639 3,351 5,949 (395,714) (221,303) (231,957) (1) 9 (2) 30 2007 2008 2009 2007 2008 2009 390.1 168.3 288.5 64.9% 25.1% 25.0% 2007 2008 2007 227
2008 2008 2009 2008 2007 2008 51.7 2009 2008 2008 2007 2008 2009 2007 2008 2009 1.6 3.4 5.9 2007 2009 2007 2008 2009 3 31 228
2009 3 31 2008 3 31 2008 3 31 562.9 338.5 2009 3 31 224.4 60.1% 2008 3 31 46.8 21.0 2009 3 31 67.8 44.9% 2009 3 31 2008 3 313,590 1,260 2009 3 31 4,850 35.1% 4,068 2008 3 31 13,018 943.0 2009 3 3113,961 7.2% 2008 2009 3 31 2008 3 31 2009................. 578 9,456 152 10,885................. 1,487 8,476 303 9,874............... 1,273 20,679 327 21,771.............. 252 9,285................................. 3,590 13,018 782 15,045................. 4,068 13,753................... 4,068 13,753............ 3,590 13,018 4,850 13,961 2008 3 31 403.2 2009 3 31 9.9 2008 3 311,191 229
73.2%2009 3 31 20 1.2% 2009 3 31 74.4%2008 2 2009 3 31 1,570 20 2009 3 31 6,325 2008 3 3177.522.7 2009 3 31 100.2 29.3% 2009 2008 2009 3 31 2008 3 31 77.5%1.7% 79.2% 2008 3 31 77.5%7.5% 2008 9 85.0% 2008 2009 3 3179.2% 2008 3 31 24.2 4.1% 2009 3 31 23.2 2009 3 31 2009 2009 2008 12 230
2008 2009 3 31 3 31 2008 2009............................... 18,240 19,544............................... 24,591 26,038............................. 3,567 4,960............................ 4,298 7,208............................ 12,835 13,101................................. 63,531 70,851............................... 4,714 11,138............................ 4,917 10,046 (1)................................. 4,289 8,132................................. 13,920 29,316.................................. 77,451 100,167 (1) 2008 2009 3 31 2008 3 31 2009................. 59,861 73.8% 55,501 68.4%................. 71,386 90.9% 71,323 90.4%............... 26,324 61.3% 27,626 64.3%.............. 33,542 71.5% 42,269 90.4%.............. 55,362 81.0% 55,087 81.0%........... 246,475 77.5% 251,806 79.2%................. 35,000 100% 40,726 58.4%.............. 14,151 63.3% 13,450 60.1%........... 49,151 85.7% 54,176 58.8%.................... 295,626 78.8% 305,982 74.7% 231
2008 2009 2007 7 27 2008 3 3119.65.92009 3 31 25.5 30.2% 2008 3 31 2008 3 31 14.3 6.22009 3 3120.443.2% 2009 3 31 2008 3 31 2008 2 2009 3 31 2008 3 311.6 1.0 2009 3 31 0.6 61.3% 2008 3 31286.0132.3 2009 3 31153.646.3% 2008 3 317.7 13.72009 3 3121.3178.8% (1) (2) 2008 3 31 217.6 212.6 2009 3 31 5.0 97.7% 2008 2 2008 3 31 60.7 66.6 2009 3 31 127.3 109.8% 232
48.3 2008 3 31 5.5 2008 3 31276.9206.1 2009 3 31 70.8 74.4% 2008 3 31 49.2% 2009 3 31 31.5% 2008 83.6%2009 68.5% 2008 46.0%2009 49.5% 2008 71.6% 2009 4.4% 2008 72.5%2009 30.5% 2007 12 2009 2008 2008 13.8%2009 44.6% 2008 3 31 21.7 2.6 2009 3 3119.112.1% 2008 3 31 2009 233
2008 3 31 670.9 2009 3 31 11.5 2009 3 31 2009 3 22.5 2008 3 31 23.7% 1,055.3 39.6 2008 3 3145.344.3 2009 3 3189.597.8% 2008 3 3123.2 37.0 2009 3 31 60.2 159.5% 2008 3 31117.58.3 2009 3 31109.27.0% 2008 3 31 39.5 32.9 2009 3 31 6.683.3% 6.2 5.8 4.5 2009 3 31 2008 3 234
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2007 2008 3 31 3 31 2007 2008 (1) (1)............................... 14,006 18,240............................... 10,973 24,591............................. 836 3,567............................ 2,226 4,298............................ 4,735 12,835.................................. 32,776 63,531............................... 1,925 4,714............................ 2,346 4,917 (2)................................. 2,912 4,289.................................. 7,183 13,920.................................. 39,959 77,451 (1) (2) 2007 2008 3 31 2007 3 31 2008................. 83,977 90.4% 59,861 73.8%................. 84,078 93.3% 71,386 90.9%............... 13,034 30.1% 26,324 61.3%.............. 18,462 38.3% 33,542 71.5%.............. 53,826 68.2% 55,362 81.0%............ 253,377 71.7% 246,475 77.5%................. 28,091 80.3% 35,000 100%.............. 13,313 59.5% 14,151 63.3%.................... 41,404 72.2% 49,151 85.7%............ 294,781 71.8% 295,626 78.8% 238
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2009 7 62009 Prosper Port Investments Limited Lote Investments Limited85 70.55 2009 7 24 2009 TRG Global Opportunities Master Fund Ltd. 9.5 7.98 TRG Global Opportunities Master Fund Ltd. 500,000TRG Special Opportunity Master Fund Ltd. 125 30.5 Medley Opportunity Fund, Ltd. (1)........... 18,000,000 Medley Opportunity Fund L.P. (1)........... 2,000,000 TRG Special Opportunity Master Fund Ltd. (2)... 10,500,000............................ 30,500,000 (1) Medley Opportunity Fund, Ltd. Medley Opportunity Fund L.P. 2006 Medley Capital, LLC 2009 6 30 850 Medley Capital LLC (2) TRG Special Opportunity Master Fund Ltd. TRG Management L.P. 2009 5 31 24TRG Special Opportunity Master Fund Ltd. 2006 3 2008125 255
2009 6 26 7% 11% 2009 6 26 1 11 7 11 5.0% 2009 6 26 2009 1 11 2009 6 26 100% 51% 256
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2007 3 31 2008 2009 3 31 2007 2008 2009 3 31 2007 2008 2009 3 31 37.0 126.4 95.9 2007 2008 2009 3 31 4.6 3.1 1.3 2009 2015 2009 3 31 94.6 2012 2018 2014 2020 37 261
2009 3 31 22.9 2009 3 31 1 1 5 5 (1)................ 1,606,758 707,984 898,774 (2)............. 147,679 78,397 69,282.............. 137,200 73,195 61,033 2,972............. 28,541 28,541 (3)................ 304,065 304,065............. 67,228 67,228..................... 2,291,471 1,259,410 1,029,089 2,972 (1) 125 2009 7 6 2009 7 24 2009 94.5 30.5 (2) 5.13% 7.74% (3) 2007 2008 2009 3 31 155.3 603.5 12.0 3 31 2007 2008 2009.................... 5,137 3,155 4,922......................... 150,163 600,365 1,104,598.............................. 155,300 603,520 1,109,520 262