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(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

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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

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(1) (2) (1) (2) 24

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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

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2009 2008 3 31 0.7 3.6 2009 3 31 4.3 37

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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

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2007 2008 2009 2008 4 2009 5 2008 4 1 43

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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

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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

2008 3 31 7.9 5.3 2009 3 3113.266.7% 2008 3 31 0.7 3.6 2009 3 31 4.3 2008 3 31 1.4 3.4 2009 3 314.8 2008 3 31 1.0 5.9 2009 3 316.8610.8% 2009 3 31 1.12008 3 310.5 2009 3 310.3 2008 3 31 796.9 228.82009 3 3110.328.7% 2008 3 31 241.7 30.4 2009 3 31 272.2 12.6% 51.7200929.2 235

2008 3 31555.1198.5 2009 3 31 753.6 35.7% 2008 3 31 1.0 0.5 2009 3 310.5 2008 3 31556.1 198.0 2009 3 31 754.0 35.6% 2008 3 31 2007 3 31 2007 3 31 136.1 426.8 2008 3 31562.9313.6% 2008 2 2007 3 31 83.1 36.3 2008 3 31 46.8 43.7% 2008 3 31 2007 3 31 13,300 9,700 2008 3 31 3,600 72.9% 2007 3 31 6,257 6,761 2008 3 31 13,018 108.1% 236

2007 2008 3 31 3 31 2007 2008................... 1,560 5,175 578 9,456................... 5,857 6,913 1,487 8,476................. 1,273 20,679............... 1,729 5,252 252 9,285............... 4,135 6,098.............. 13,281 6,257 3,590 13,018 2008 3 31 403.22007 3 31 2008 3 31 80,000 1,191 2008 3 31 5,048 2007 3 3140.037.5 2008 3 3177.593.8% 2007 3 31 2006 9 2007 3 31 2007 3 31 71.7%2008 3 31 77.5% 2007 3 31 19.6 2008 3 31 24.2 2007 3 31 253,377 6,9022008 3 31 246,4752.7% 2007 11 237

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

2008 3 312007 7 27 19.6 2007 3 31 11.3 3.02008 3 3114.326.7% 2008 3 312007 3 31 2007 3 311.8 0.12008 3 311.67.4% 2007 3 31 38.5 247.5 2008 3 31 286.0 642.9% 2007 3 31 29.3 21.72008 3 317.773.9% 13,300 3,600 2008 3 31217.6 2008 2 2007 3 31 9.2 51.52008 3 3160.7559.4% 21.3 2007 7 26.0 2008 3 31 239

2007 3 31 97.6 179.3 2008 3 31 276.9 183.7% 2007 3 31 71.7% 2008 3 31 49.2% 2007 64.7%2008 83.6% 2008 46.0% 2008 2 2008 2008 71.6% 2007 100.0%2008 72.5% 2007 12 2007 3 31 19.0 2.7 2008 3 3121.714.2% 2007 3 31 601.1 2008 3 31670.9 2008 3 31 670.9659.4 11.5 2007 2008 240

2007 3 3130.714.6 2008 3 3145.347.6% 2007 3 3114.4 8.82008 3 31 23.2 61.1% 2008 3 31 2007 3 31 6.2 3.5 2008 3 31 9.7 56.5% 2007 3 31 82.2 35.3 2008 3 31 117.5 43.0% 2007 3 31 37.8 37.12008 3 3174.9 98.1% 2006 10 2007 3 31 6.8 4.62008 3 3111.5 67.7% 2008 3 311.2 2007 3 31 10.1 2.2 2008 3 31 7.9 22.0% 2007 7 27 2007 3 318.73.1 2008 3 315.60.8 241

2007 3 31 7.6 2008 3 31 1.02008 3 31 138.7 137.7 99.3% 2007 3 31 42.7 35.282.3% 2008 3 31 0.52007 3 31 9.8 2007 7 2007 3 31 0.4 0.1 2008 3 310.313.4% 2007 3 31576.9220.0 2008 3 31 796.9 38.1% 2007 3 31403.1161.4 2008 3 31 241.7 40.0%2008 3 31 2008 3 312007 3 31 2007 3 31 305.215% 25% 2007 3 31 2008 3 31 221.8 242

2007 3 31173.8381.3 2008 3 31 555.1 219.3% 2007 3 31 0.5 0.5 2008 3 311.0 2007 3 31174.4 381.72008 3 31556.1218.9% 10.0% 37.0% 2004 12 2005 12 2004 2005 293.4332.72009 3 31 6.97.8 2009 3 31 161,000 5,391 6,104 11,581 13,113 243

103.2116.9 2007 2008 2009 3 31 24.7 18.0 7.8 2010 5 7.8 12 12 2004 12 2007 11 146.4 2007 2008 2009 3 31 17.7 17.4 18.419.3 0.30.3 8% 2008 2009 3 31 20.3 21.2 60.9 69.0 9.8 10.3 31.135.2 244

2007 2008 2009 3 31 139,000 112,000 107,000 39.4% 35.1% 33.6%2007 2008 2009 3 31 43.7% 38.2% 35.5% 300 2% 2007 2008 2009 3 31 (1) (2) (3) 245

2007 3 31 13.3 2008 3 31 595.9 2009 3 31642.3 2007 3 31 2008 3 31 2008 3 31 2009 3 31 243.5 2009 3 31 398.82009 3 31 2009 7 31 190.6 100.8 427.2 14.5 838.5 13.8 2009 3 31 246

33.938.5 2009 7 3115.7 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 2009 3 31 71.8 74.2 146.0 127.6 247

20.9 10.7 18.6 2008 3 31309.0 203.6 105.4 231.5 75.056.8 2008 2007 3 31 80.8 30.6 111.4 114.4 27.1 2007 2007 2007 2008 2009 2009 3 31 10.9 1,104.6 2008 3 31524.8 600.436.2 11.2 248

2007 3 31 125.6 150.2 20.8 2009 3 31 11.4 713.3541.5 2008 3 31 10.8 654.8 926.5 390.7 2007 3 31 361.2 627.1223.1 2007 2008 2009 3 31 171.1 466.0 778.0 2008 3 31 2007 3 31 2009 3 31 2008 3 31 249

2007 2008 2009 3 31 59.7 104.2 243.5 2008 3 31 2007 3 31 2007 11 2009 3 31 2008 3 31 2007 2008 2009 3 31 34.7 45.2 65.4 3 31 2007 2008 2009........................... 3,307.6 4,328.6 3,366.0........................... 165.9 194.2 158.8.............................. 3,473.5 4,522.8 3,524.8 2009 3 2009 3 31 30.2 2007 2008 2009 3 31 271.6 818.8 14.0 2007 3 31 2008 3 31 2009 3 31 2007 2008 2009 3 31 13.1 7.2 7.1 250

2009 3 31 2007 7 [] 20.1 [] 2008 3 31 2008 2009 3 312.02.1 2.3 2.6 [] 2007 2008 2009 3 3196.8 101.72008 2 2009 3 312008 3 31 2009 2007 2008 2009 3 31 59.8 121.9 481.8 2007 3 31 2008 3 31 2008 3 2009 3 31 2007 2008 2009 3 31 7.0 11.0 25.5 30 30 60 251

2007 2008 2009 3 31 53.5 84.4 74.7 2007 2008 2009 3 31 17.9 40.5 80.0 3 31 2007 2008 2009...................... 2,402 1,852 22,427...................... 15,514 38,683 57,268.............................. 17,916 40,535 79,695 2007 2008 2009 3 31 12.1 72.8 68.1 2008 2009 2007 2008 2009 3 31 156.9 484.1 576.0 2009 3 31 25.3 915.8 16.1 2009 7 31 40.5 2009 3 31 975 2009 7 6 2009 7 242009 252

94.5 30.5 100% 85.8 2009 3 31 428.5 2009 3 31 33.938.5 2007 7 11 2008125 2008 2008 20082008 3 28 253

2008 3 28 2008 2008 2008 2008 3 28 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 254

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

183 183 2009 3 31 16.12009 7 3152.1 31.121.0 257

3 31 7 31 2007 2008 2009 2009 (1)............ 191,489 422,975 707,984 1,382,383............. 605,845 749,183 898,774 1,730,375.................... 797,334 1,172,158 1,606,758 3,112,758 (1) 2009 7 314.78% 5.94% 2007 2008 2009 3 31 6.34% 7.65% 5.83% 3 31 7 31 2007 2008 2009 2009............... 245,411 59,483 8,506 1,096,868............... 551,923 1,112,675 1,598,252 2,015,890.................... 797,334 1,172,158 1,606,758 3,112,758 2007 2008 2009 3 31 156.3 59.5 8.5 258

3 31 7 31 2007 2008 2009 2009 (1)................. 191,489 422,975 707,984 1,382,383 1 5.................. 605,845 749,183 898,774 1,460,979 5................. 269,396.................... 797,334 1,172,158 1,606,758 3,112,758 (1) 2007 2008 2009 3 31 18.2% 26.9% 27.1% 2009 3 31 2009 7 31 33.9 38.5 2009 3 31 30% 2009 7 31 85.8 3(i)(c) 259

2009 3 31 2009 3 319.1 2009 3 312.9 2009 3 31 8.5 2009 3 31 40 2007 2008 2009 3 31 0.6 0.4 0.1 40 3 31 2007 2008 2009......................... 144,661 827,026 304,065.............................. 48,650 25,353 28,541.............................. 193,311 852,379 332,606 260

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

201012.0 2010 3 31............................ 636,576............................... 274,597............................... 243,961.................................... 41,984.................................. 1,197,118.................. 2009 3 31 24,000 71,700 2009 15,04513,753 263

2008 2009 106,500..... 2009 3 31 32,000 2009 6,325......... 2009 3 31 100.2 2009 3 31 2009 7 31 2006 2007 2008 1.5% 4.8% 5.9% 264

2009 100%92.7%7.3% 2009 3 31 2009 3 31 13.75.13% 7.74% 5.83% 2009 6 0%3%6% 100% 2004 10 28 0.27% 5.58% 0.27% 2.25% 2004 10 29 1995 7 1993 7 2006 4 2007 12 0.18% 2009 7 31 5.31% 2007 2008 2009 3 31 6.39% 7.47% 5.31% 2009 3 31 1% 13.7 265

2010 3 31 20% 30% 2009 3 31 12 266

267

50.5% 51.0% 2 70% Excellence Group Holdings Ltd. First Traders Ltd. 10% 100,000,000 50 (1)(2) (3) (4) (5)(6)Excellence Group Holdings Ltd. First Traders Ltd.(1) (2)(3) (4) Excellence Group Holdings Ltd. First Traders Ltd. 50.5% Globe Honest International Ltd. 49.5% 268

5,000,000 10 (1) (2) (3)(4) (5)Globe Honest International Ltd.(1) (2) Globe Honest International Ltd.Globe Honest International Ltd. Globe Honest International Ltd. 51% 10% 39% 15 3,000,000 (1) (2)(3) (1) (2) 269

30%( ) 70% 10,000,000 15 ( )(1) (2) (3) (4) ( ) ( ) ( ) 270

8 18 2007 2008 2009 3 31 2007 2008 2009 3 31 2002 5 8 II16 II16 I-1

3.340 2007 2008 2009 3 31 2007 2008 2009 3 31 I. (a) 3 31 2007 2008 2009............................... 5 136,081 562,880 224,399............................ (38,513) (285,976) (153,640)............................... 97,568 276,904 70,759............................ 5 19,015 21,701 19,077.................... 5 601,071 670,871 1,153,903....................... (30,659) (45,270) (89,531)............................ (82,175) (117,491) (109,249)............ (1,167)............................ (10,148) (7,911 ) (13,188)............................ 8 (7,584) (960) (6,824)....................... (9,778) 502 1,120....................... (380) (329) (327)............................ 6 576,930 796,850 1,025,740............................... 9 (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............................... I-2

(b) 3 31 2007 2008 2009..................... 11 147,242 223,049 260,302............................ 12 3,473,491 4,522,843 6,543,757.......................... 13 271,557 818,815 1,404,571....................... 14 13,088 7,164 7,051............................... 15 20,066 20,066.................. 17 36,919 10,526 5,740.................. 18 (478) (755) (1,106)............................ 19 11,633 7,275 4,414..................... 20 75,007 65,952.................... 21 53,511 84,401 74,663......................... 30 2,869 6,499 12,599....................... 4,009,832 5,774,890 8,398,009..................... 96,785 101,743......................... 59,792 121,922 481,821......................... 22 7,025 10,970 25,530............ 23 12,149 72,803 68,128..................... 24 292,123 1,228,898 246,084......................... 371,089 1,531,378 923,306......... 25 171,134 466,043 777,966......................... 26 191,489 422,975 470,652............................ 27 237,332......................... 28 3,869 5,926............................ 17,916 40,535 79,695......................... 384,408 935,479 1,565,645.................. (13,319) 595,899 (642,339).................... 3,996,513 6,370,789 7,755,670......................... 26 605,845 749,183 898,774............................ 29 796,113 915,790......................... 30 782,439 1,097,141 1,359,348......................... 31 85,800 85,800 85,800....................... 1,474,084 2,728,237 3,259,712............................ 2,522,429 3,642,552 4,495,958.......................... 32 200 200 200............................... 34(a) 2,500,605 3,608,580 4,461,763 2,500,805 3,608,780 4,461,963......................... 21,624 33,772 33,995............................ 2,522,429 3,642,552 4,495,958 I-3

(c) i 2006 4 1.... 200 18,086 52,018 2,132,196 2,202,500 1,281 2,203,781.. 965 104,850 105,815 43 105,858.... 20,836 20,836..... 33 18,115 18,115 18,115.... 5,621 (5,621)........ 174,375 174,375 (536) 173,839 2007 3 31 2007 4 1.... 200 24,672 * 18,115 * 156,868 * 2,300,950 * 2,500,805 21,624 2,522,429....... 2,400 327,208 329,608 2,047 331,655.... (158) (158 ).... 11,210 11,210..... 33 39,524 39,524 39,524..... 29 182,768 182,768 182,768........ 556,075 556,075 (951) 555,124 2008 3 31 2008 4... 200 27,072 * 182,768 * 57,639 * 484,076 * 2,857,025 * 3,608,780 33,772 3,642,552....... 590 91,958 92,548 701 93,249..... 33 6,587 6,587 6,587........ 754,048 754,048 (478) 753,570 2009 3 31... 200 27,662 * 182,768 * 64,226 * 576,034 * 3,611,073 * 4,461,963 33,995 4,495,958 * 2007 2008 2009 3 312,500,605,000 3,608,580,0004,461,763,000 (i) 10%50% 25% I-4

(d) 3 31 2007 2008 2009............................ 576,930 796,850 1,025,740.......................... 8 7,584 960 6,824 10,158 (173) (793).......................... 5 (2,196) (59) (2,860).............. 66 155 645............................. 6 11,313 29,608 36,919.................. 6 290 188 262.................. 5 (601,071) (670,871) (1,153,903).................... 6 686 699 4,321............ 6 8,723 5,587 2,037.......... 1,167............... 6 18,115 39,524 6,587 30,598 203,635 (74,221)..................... 27,086 8,116 20,932.................. 231,504 4,080.................. (11,633) 5,490 3,020........... (75,007) 10,690............... 11,948 (3,262) (18,643).. (5,646) (56,838) 6,141....................... (114,427) (5,515) 127,595............... (514)............... 447 2,057 (5,926)......................... (2,405)................ (64,546) 310,180 73,668......................... (16,264) (1,191) (1,821)........... (80,810) 308,989 71,847..................... 6,407............... (5,137) (3,155) (4,922)............ 20 942 3,217............. (131) (119)............. 6,064 36,217 3,888.. (158)................. 20,836 11,210....................... (150,163) (600,365) (1,104,598)............................ 2,909 24,227 14,970.................. (125,602) (524,794) (1,087,445)......................... 627,130 654,841 713,259......................... (223,137) (390,658) (541,549)................. 926,531............................ (42,749) (110,851) (160,316).................. 361,244 1,079,863 11,394........ 154,832 864,058 (1,004,204)................. 131,940 292,123 1,228,898..................... 5,351 72,717 21,390................. 292,123 1,228,898 246,084....................... 24 290,064 1,228,898 246,084.......................... 24 2,059 I-5

(e) 3 31 2007 2008 2009..................... 2,833 1,696 2,204..................... 16 280,710 1,009,120 1,009,675....................... 283,543 1,010,816 1,011,879............ 570 5,125 23,314..................... 16 98,216 283,473..................... 24 6,008 148,653 39,016......................... 6,578 251,994 345,803..................... 16 95,104 65,400 51,307......... 4,738 9,140 4,496......................... 28 3,869 5,926......................... 103,711 80,466 55,803.................. (97,133) 171,528 290,000.................... 186,410 1,182,344 1,301,879............................ 29 796,113 915,790......................... 31 85,800 85,800 85,800....................... 85,800 881,913 1,001,590............................ 100,610 300,431 300,289.......................... 32 200 200 200............................... 34(b) 100,410 300,231 300,089............................ 100,610 300,431 300,289 I-6

II. 1. 2002 5 8 1522 2205 2.1 I IV 2009 3 31 642 2009 3 311,170 1,750 2.2 2.3 1 27 1 27 1 1 4 2 2 1 3 4 7 7 1 8 1 1 1 23 1 27 4 32 1 32 1 1 39 39 4 9 39 13 2 15 1 16 5 17 4 18 6 9 39 3 I-7

2008 10 * 5 2009 7 1 2009 1 1 2009 52 38 9 16 2009 7 1 18 2010 1 1 1 2009 1 1 2 2008 7 1 3 2009 6 30 4 2009 7 1 5 2008 10 1 6 2009 1 1 * 2008 10 5 7 1 8 10 16 18 19 20 23 27 28 29 31 34 36 38 39 40 41 2009 525 1 7 17 18 36 38 399 16 8 1 3 27 23 2.4 I-8

(a) (b) (c) 20% (d) 39 20% 20% 3 31 I-9

(a) (i) (ii) (iii) (b) (c) (d) (e) (a) (d) (f) (d) (e) (g) I-10

I-11 3% 4.5% 20% 9% 18% 9% 18%

39 I-12

(a) (b) I-13

I-14

(a) (b) (c) (d) (e) (f) 33 I-15

9% I-16

3. 2008 2009 3 31 20,066,000 4. (i)(ii) (a) I-17

(b) (c) (d) 2009 3 31......... 77,671 100,167 20,426 25,505 630 224,399......... 3,737 (3,737).............. 77,671 100,167 20,426 29,242 630 (3,737) 224,399...... 51,332 30,526 2,406 (10,803) 630 (3,332) 70,759..... 1,153,903 1,153,903...... 51,332 1,184,429 2,406 (10,803) 630 (3,332) 1,224,662........... 19,077........... (211,968)............. (6,824)......... 1,120 1,120... (327) (327)............. 1,025,740................ (272,170)............. 753,570............. 670,578 8,029,987 477 94,158 671 8,795,871... 5,740 5,740... (1,106) (1,106)........... 520,810............. 9,321,315............. 183,480 1,421,028 442 926 1,605,876........... 3,219,481............. 4,825,357.............. 62 343 21,771 360 22,536. 14,383 36,919... 4,321 4,321... 1,153,903 1,153,903 I-18

2008 3 31......... 449,937 77,451 14,267 19,596 1,629 562,880......................... 449,937 77,451 14,267 19,596 1,629 562,880........... 223,642 56,098 2,580 (6,445) 1,029 276,904..... 670,871 670,871........... 223,642 726,969 2,580 (6,445) 1,029 947,775........... 24,433........... (174,571)............. (960)......... 502... (329)............. 796,850................ (241,726)............. 555,124............. 304,684 5,426,059 1,034 64,935 1,136 5,797,848... 10,526 10,526... (755) (755)........... 1,498,649............. 7,306,268............. 86,934 1,325,990 946 1,477 1,415,347........... 2,248,369............. 3,663,716.............. 14 13 367 326 720. 28,888 29,608... 670,871 670,871 I-19

2007 3 31......... 83,104 39,959 11,258 1,760 136,081......................... 83,104 39,959 11,258 1,760 136,081........... 53,988 39,765 2,588 1,227 97,568..... 601,071 601,071........... 53,988 640,836 2,588 1,227 698,639........... 19,015........... (122,982)............. (7,584)......... (10,094) 316 (9,778)... (380) (380)............. 576,930................ (403,091)............. 173,839............. 59,792 3,805,584 1,283 1,062 3,867,721... 30,578 6,341 36,919... (478) (478)........... 476,759............. 4,380,921............. 39,826 850,301 795 890,922........... 967,570............. 1,858,492.............. 13 285 298. 11,015 11,313... 601,071 601,071 I-20

5. 3 31 2007 2008 2009.................................... 83,104 46,759 67,758................................. 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..................................... 2,196 59 2,860.................................. 713 746 7,804.................................... 6,573 13,890 830....................................... 7,059....................................... 2,474 7,006 7,583 19,015 21,701 19,077............................ 12 601,071 670,871 1,153,903 620,086 692,572 1,172,980 I-21

6. 3 31 2007 2008 2009................................. 29,310 7,652 21,333............................. 217,638 5,006................................. 9,203 60,686 127,301....................................... 11 11,480 29,830 37,352.............................. (167) (222) (433) 11,313 29,608 36,919............................ 14 290 188 262................................. 7,442 7,332 8,317.................................. 3,050 2,307 950 7 *................................ 28,340 51,736 64,224....................... 33 18,115 39,524 6,587............................. 833 1,199 3,508 47,288 92,459 74,319................................. 98 (998) 87 **............................ 686 699 4,321 **..................... 8,723 5,587 2,037 * 2007 2008 2009 3 31 2,321,0004,983,0007,072,000 ** 7. (a) 161 3 31 2007 2008 2009................................... 450 600 600..................... 5,792 8,022 9,227........................ 448 2,056.......................... 14,492 28,985 4,830.......................... 24 24 24................................... 21,206 39,687 14,681 I-22

2007 3 31............ 2,896 224 7,246 12 10,378............ 2,896 224 7,246 12 10,378 5,792 448 14,492 24 20,756............ 225 225............ 225 225 450 450 450 5,792 448 14,492 24 21,206 2008 3 31............ 3,912 1,028 14,492 12 19,444............ 3,912 1,028 14,493 12 19,445............ 198 198 8,022 2,056 28,985 24 39,087............ 300 300............ 300 300 600 600 600 8,022 2,056 28,985 24 39,687 2009 3 31............ 3,934 2,415 12 6,361............ 3,934 2,415 12 6,361 1,359 1,359 9,227 4,830 24 14,081............ 300 300............ 300 300 600 600 600 9,227 4,830 24 14,681 I-23

(b) 2007 2008 2009 3 31 3 31 2007 2008 2009...................... 3,426 3,000 4,341........................... 3,623 10,540 1,757........................... 25 14 24................................... 7,074 13,554 6,122 8. 3 31 2007 2008 2009............. 42,749 53,394 92,066 29.......................... 85,308 188,269............................... (35,165) (137,742) (273,511 )....................................... 7,584 960 6,824 9. 2007 2008 2009 3 31 15% 18% 20% 2007 3 16 2008 1 1 25% 2007 2008 2009 3 31 30% 60%7,377,000 20,423,000 17,713,000 2007 2008 2009 3 31 3 31 2007 2008 2009.............................. 22,500............................ 7,377 20,423 17,713 30..................... 395,714 221,303 231,957.............................. 403,091 241,726 272,170 I-24

3 31 2007 2008 2009.................................... 576,930 796,850 1,025,740 17.5%...................... 100,963 139,449 179,505.................. (14,714) 4,070 25,818................................. (1,427) (874) (2,496)................................. 4,184 13,603 8,049......................... (287) (371) (292)............... 2,832 975 249............................. 334 5,287 5,456.................................. 7,377 20,423 17,713.......................... (1,328) (3,676) (3,543)................................. 305,157 62,840 41,711................. 403,091 241,726 272,170 10. 11. 2007 3 31 2006 4 1........................ 47,345 48,244 14,219 6,331 116,139..................... (6,910) (724) (4,636) (1,732) (14,002)..................... 40,435 47,520 9,583 4,599 102,137 2006 4 1..... 40,435 47,520 9,583 4,599 102,137.......................... 2,039 761 2,337 5,137 13.......... 45,857 1,417 47,274.......................... (84) (2) (86) 6.............. (6,028) (1,473) (2,651) (1,328) (11,480)....................... 1,660 2,101 356 143 4,260 2007 3 31........ 83,963 48,148 9,382 5,749 147,242 I-25

2008 3 31 2007 3 31 2007 4 1........................ 97,374 50,417 16,841 8,909 173,541..................... (13,411 ) (2,269) (7,459) (3,160) (26,299)..................... 83,963 48,148 9,382 5,749 147,242 2007 4 1.... 83,963 48,148 9,382 5,749 147,242.......................... 2,754 401 3,155 35.......... 53,729 18,851 431 73,011 13.......... 8,427 2,703 11,130.......................... (12) (1,085) (1,097) 6.............. (8,853) (13,245) (6,118) (1,614) (29,830)....................... 8,167 6,751 4,261 259 19,438 2008 3 31..... 91,704 95,383 31,821 4,141 223,049 2008 3 31........................ 115,273 111,117 51,167 7,889 285,446..................... (23,569) (15,734) (19,346) (3,748) (62,397)..................... 91,704 95,383 31,821 4,141 223,049 2009 3 31 2008 3 31 2008 4 1........................ 115,273 111,117 51,167 7,889 285,446..................... (23,569) (15,734) (19,346) (3,748) (62,397)..................... 91,704 95,383 31,821 4,141 223,049 2008 4 1..... 91,704 95,383 31,821 4,141 223,049.......................... 325 1,501 3,096 4,922 13.......... 75,647 75,647............ (6,928) (6,928).......................... (659) (2,205) (998) (3,862) 6.............. (8,751) (20,091) (7,146) (1,364) (37,352)....................... 1,999 2,080 690 57 4,826 2009 3 31..... 153,012 77,697 24,661 4,932 260,302 2009 3 31........................ 185,632 114,322 49,621 9,227 358,802..................... (32,620) (36,625) (24,960) (4,295) (98,500)..................... 153,012 77,697 24,661 4,932 260,302 2007 2008 2009 3 31 15,947,000 42,574,000 66,588,000 26 2007 3 31 48,148,000 2007 7 27 2008 2009 3 31 I-26

2009 3 31 9,489,000 12. 3 31 2007 2008 2009................................. 2,733,253 3,473,491 4,522,843 13....................... 766,562 5...................... 601,071 670,871 1,153,903.................................... 139,167 378,481 100,449................................. 3,473,491 4,522,843 6,543,757 2007 2008 2009 3 31 3,434,000,000 4,075,000,000 5,770,000,000 3,473,491,000 4,522,843,000 6,543,757,000 38(a) 2007 2008 2009 3 31 3,524,783,000 3,307,605,000 4,522,843,000 26 13. 3 31 2007 2008 2009................................. 180,977 271,557 818,815....................................... 129,701 924,689 1,789,167 11.................. (47,274) (11,130) (75,647) 12........................ (766,562)......................... (328,289)............................ (64,429) (378,172).................................... 8,153 26,417 16,970................................. 271,557 818,815 1,404,571 2007 2008 2009 3 31 140,549,000 136,109,000 182,057,000 26 14. 3 31 2007 2008 2009................................. 13,078 13,378 7,326................................. (7,165) 6......................... (290) (188) (262).................................... 590 1,301 159................................. 13,378 7,326 7,223......... (290) (162) (172).................................. 13,088 7,164 7,051 I-27

2007 2008 2009 3 31 1,901,000 2,488,000 2,486,000 26 15. 352008 2009 3 31..................... 20,066 2008 2009 3 31................................................. 20,066 8% 6% 21% 3% 16. 3 31 2007 2008 2009............................ 280,710 400,720 401,275............................ 608,400 608,400............................. 98,216 283,473............................. (95,104) (65,400) (51,307) 185,606 1,041,936 1,241,841 2009 3 31 3 31 2007 2008 2009 *(ii)(iv)........ % % % 400,000,000 2002 12 18 100 100 100 [ ] (i)(iv)......... 5,000,000 2003 12 31 100 100 100 (iv)(vi)........ 20,000,000 2003 11 6 95 95 95 (iv)(vi)........ 1,500,000 2004 7 20 100 100 100 I-28

2009 3 31 3 31 2007 2008 2009 % % % (iv)(vi)............. 1,500,000 2004 7 20 100 100 100 (i)(iv)......... 100,000,000 98,496,534 2006 4 24 70 70 70 (iv)(vi)........ (iii)(iv)........ (iii)(v)........ 2,000,000 2006 2 10 75 100 100 40,000,000 2005 6 16 100 100 10,000 2005 4 9 100 100 (iv)(vi)... 150,000,000 100,000,000 2007 11 16 100 100 (v). 500,000 2007 11 8 80 80 (v)............. 500,000 2007 12 26 100 100 (BVI)(v)..... 1 2007 10 23 100 100 (BVI)(v)..... 1 2007 10 23 100 100 (v)... 1 2007 11 9 100 100 (v)... 1 2007 11 9 100 100 * (i) (ii) (iii) 2007 7 27 (iv) (v) (vi) I-29

17. 3 31 2007 2008 2009................................. 1,563 2,244 3,414............................ 44,780 12,930 9,114 46,343 15,174 12,528.................................... (9,424) (4,648) (6,788) 36,919 10,526 5,740 2007 77% 2009 3 31 3 31 2007 2008 2009 #........... % % % 3,000,000 2004 7 2 51 51 51 # (i).......... 5,000,000 2005 6 16 50.5 50.5 50.5 # (i) (ii)........ 40,000,000 2005 6 16 65 # (i) (ii) 51% 50.5% 65% 35% I-30

3 31 2007 2008 2009.................................. 1,595 3,616 4,325................................. 406 393 427.................................. (438) (1,765) (1,338).................................. 1,563 2,244 3,414.................................... 30,313 9,033 3,379.................................. 133 10.................................... 30,446 9,043 3,379.................................... (40,244) (9,553) (2,259)............................ (9,798) (510) 1,120 18. 3 31 2007 2008 2009................................. 2,172 2,034 1,751.......................... (2,650) (2,789) (2,857) (478) (755) (1,106) 2009 3 31 3 31 2007 2008 2009 (i)............. % % % 10,000,000 2004 1 18 30 30 30 (i) I-31

3 31 2007 2008 2009....................................... 8,419 8,426 7,874....................................... 1,180 1,647 2,037....................................... 646 206 103....................................... (1,265) (1,098) (1,089) 19. 6.435% 2007 2008 2009 3 31 3,248,000 4,472,000 3,032,000 20. 8.613% 10 2008 2009 3 317,330,0009,202,000 21. 22. 3 31 2007 2008 2009....................................... 4,410 2,819 22,992 30 60.................................. 396 2,379 494 61 90.................................. 165 527 681 90.................................... 2,054 5,245 1,363 7,025 10,970 25,530 I-32

23. 3 31 2007 2008 2009.................................... 53 4,786 22,790............................ 11,084 66,907 45,338 (i)............................ 1,012 1,110 12,149 72,803 68,128 (i) 24. 3 31 2007 2008 2009............................... 290,064 1,228,898 246,084.......... 2,059............................. 292,123 1,228,898 246,084 3 31 2007 2008 2009............................... 6,008 148,653 39,016................................................................. 6,008 148,653 39,016 2007 2008 2009 3 31 289,406,086 1,106,649,753205,331,481 I-33

25. 3 31 2007 2008 2009................................. 16,364 82,975 79,288.................................... 59,655 104,197 243,473.................................... 35,470 14,981 16,585......................... 32,298 239,695 419,087.................................... 2,657 6,166 11,752.................................... 24,690 18,029 7,781 171,134 466,043 777,966 26. 3 31 2007 2008 2009................... 125,414 59,483 8,506................... 66,075 363,492 462,146 191,489 422,975 470,652................... 2009 2010 119,997................... 2009 2013 485,848 749,183 898,774 605,845 749,183 898,774............. 191,489 422,975 470,652.............. 605,845 749,183 898,774 797,334 1,172,158 1,369,426 (i) (ii) 2007 2008 2009 3 31 15,947,000 42,574,000 66,588,000 11 2007 2008 2009 3 313,307,605,0004,522,843,0003,524,783,000 12 (iii) 2007 2008 2009 3 31136,109,000182,057,000140,549,000 13 (iv) 2007 2008 2009 3 31 1,901,000 2,488,000 2,486,000 14 (v) 2009 3 31 45,255,000 2007 2008 2009 3 31 156,258,00059,483,0008,506,000 5.13% 7.74% I-34

27. 3 31 2007 2008 2009.................................... 237,332 28. 29. 2007 7 11 1257% 11% 2012 7 11 2008 3 28 2008 3 31....................................... 485,940................................. 1,167................................................. (487,107) 2008 3 31.......................................................................... 440,591 8........................................... 85,308................................................. (34,125)................................................. (491,774) 2008 3 31................................... 978,881,000 796,113,000 182,768,000 2009 3 31 2008 3 31 2008 4 1................................ 796,113 8........................................... 188,269................................................. (68,592) 2009 3 31........................................... 915,790 I-35

30. 2006 4 1............... 3,712 354,625 358,337 9............ 7,239 390,114 397,353.................... 360 26,389 26,749 2007 3 31 2007 4 1... 11,311 771,128 782,439 9............ 4,706 168,266 51,682 224,654.................... 1,729 85,193 3,126 90,048 2008 3 31 2008 4 1... 17,746 1,024,587 54,808 1,097,141 9................ 5,345 288,475 (55,914) 237,906.................... 395 22,800 1,106 24,301 2009 3 31.............. 23,486 1,335,862 1,359,348 2006 4 1............................................ 1,200 9............................. 1,639................................................. 30 2007 3 31 2007 4 1................................ 2,869 9............................. 3,351................................................. 279 2008 3 31 2008 4 1................................ 6,499 9............................. 5,949................................................. 151 2009 3 31........................................... 12,599 31. 12 32. 3 31 2007 2008 2009 1,000,000,000 0.01........... 10,000 10,000 10,000 20,000,000 0.01............. 200 200 200 I-36

33. 2006 10 13 3% 50% 67,521,000 2007 2008 2009 3 31 18,115,00039,524,0006,587,000 50% (%) 0.00 (%) 40.00 (%) 3.90 2.40 50% 50% I-37

34. (a) 4 (b) 2006 4 1........... 94,792 94,792 33.............. 18,115 18,115................ (12,497) (12,497) 2007 3 31 2007 4 1........... 18,115 82,295 100,410 33.............. 39,524 39,524 29...... 182,768 182,768................ (22,471) (22,471) 2008 3 31 2008 4 1........... 182,768 57,639 59,824 300,231 33.............. 6,587 6,587................ (6,729) (6,729) 2009 3 31........... 182,768 64,226 53,095 300,089 35. 2007 7 27 10,000 100%.................................. 11 73,011........................ 3,461................................... 6,417..................................... (33,075).................................. (67,508)............................. (12,012) (29,706).......................... 9,650..................................... 15 20,066........................................ 10 10 I-38

2008 3 31 19,596,000 10,832,000 575,180,000 548,347,000 36. 11 12 13 14 26 37. 3 31 2007 2008 2009............................ 32,368.................................... 4,628 126,357 95,915 36,996 126,357 95,915 2007 3 31 31,805,000 2007 3 31 38. (a) 121 10 3 31 2007 2008 2009.................................. 47,982 85,388 65,564.............. 48,795 93,314 46,695................................ 24,908 10,792 13,795................................... 121,685 189,494 126,054 (b) 1 10 I-39

3 31 2007 2008 2009.................................. 4,336 5,456 73,195.............. 13,696 20,443 61,033................................ 9,361 9,467 2,972................................... 27,393 35,366 137,200 39. 38(b) 3 31 2007 2008 2009................................. 144,661 827,026 304,065.................................. 48,650 25,353 28,541 193,311 852,379 332,606 3 31 2007 2008 2009............................... 35,403 76,583 67,228 40. (a) 3 31 2007 2008 2009...................... (i) 600 420 81..................... (ii) 568 442..................... (iii) 600 600 600........... (iv) 1,406...................... (v) 2,218 (i) (ii) (iii) (iv) I-40

(v) 2% 5% (b) 2007 2007 8 2007 2008 2009 3 31 156,258,000 59,483,0008,506,000 26 (c) (i) 23 (ii) 17 18 (iii) 28 31 (d) 3 31 2007 2008 2009............................ 10,493 16,058 16,010............................. 87 117 132.......................... 18,115 39,524 6,587............................. 28,695 55,699 22,729 7 41. 3 31 2007 2008 2009 17................... 44,780 12,930 9,114................................... 11,633 7,275 4,414............................ 75,007 65,952................................ 7,025 10,970 25,530................................ 9,637 65,149 43,417............................ 292,123 1,228,898 246,084 365,198 1,400,229 394,511 I-41

3 31 2007 2008 2009 18................... 2,650 2,789 2,857 25.............. 48,662 322,670 498,375................................... 796,113 915,790................................... 237,332................................ 797,334 1,172,158 1,369,426 848,646 2,293,730 3,023,780 42. 26 19 I-42

2009..................... 498,375 498,375.................................... 78,000 1,233,375 1,311,375................................ 470,652 898,774 1,369,426.................................... 237,332 237,332....................................... 1,284,359 2,132,149 3,416,508 2008..................... 322,670 322,670.................................... 68,250 1,311,375 1,379,625................................ 422,975 749,183 1,172,158....................................... 813,895 2,060,558 2,874,453 2007..................... 48,662 48,662................................ 191,489 605,845 797,334....................................... 240,151 605,845 845,996 2009.................... 51,307 51,307............ 4,496 4,496........................... 78,000 1,233,375 1,311,375.............................. 51,307 82,496 1,233,375 1,367,178 2008.................... 65,400 65,400............ 9,140 9,140........................... 68,250 1,311,375 1,379,625.............................. 65,400 77,390 1,311,375 1,454,165 I-43

2007.................... 95,104 95,104............ 4,738 4,738.............................. 95,104 4,738 99,842 % 2009.............................. 5 52,629.............................. 3 (31,577) 2008.............................. 5 41,074.............................. 3 (24,644) 2007.............................. 5 30,318.............................. 3 (18,191) 3 31 2007 2008 2009............................... 505,211 739,373 2,276,464............................... 2,522,429 3,642,552 4,495,958........................... 20% 20% 51% I-44

III. (a) 2009 6 26 2010 2011 2012 7 10 9% 11% 11% 0% 3% 6% 2009 7 6 2009 7 24 94.5 78.53 125 30.5 (b) 2009 6 6 486,530 72,979,5002009 3 31 74.721 (c) 2009 8 28 150 IV. 2009 3 31 2009 I-45

2009 6 30 2009 6 30 III-1

III-2

III-3

5 122005 15 22 2205 MSc FRICS FHKIS MCIArb RPS GP) MSc., FRICS, FHKIS, MCIArb, RPS(GP) 25 20 III-4

2009 6 30 2009 6 30 1. 36,000,000 100% 36,000,000* 1 2. 19,000,000 100% 19,000,000* 1 3. 394,000,000 100% 394,000,000* 1 4. 351,000,000 100% 351,000,000* 1 * III-5

2009 6 30 2009 6 30 5. 1 800,000,000 800,000,000 2009 6 30 2009 6 30 6. 405,000,000 100% 405,000,000 1 162 7. 1,371,000,000 100% 1,371,000,000 1 III-6

2009 6 30 2009 6 30 8. 159,000,000 100% 159,000,000 1 1,935,000,000 1,935,000,000 2009 6 30 2009 6 30 9. 3,064,000,000 100% 3,064,000,000* 1 1,312 10. 146,000,000 100% 146,000,000* 1 1 2 * III-7

2009 6 30 2009 6 30 11. 2,783,000,000 100% 2,783,000,000* 1 12. 156,000,000 100% 156,000,000* 1 6,149,000,000 6,149,000,000 2009 6 30 2009 6 30 13. 13,547,000,000 100% 13,547,000,000* 1 13,547,000,000 13,547,000,000 * III-8

2009 6 30 2009 6 30 14. 387,000,000 70% 270,900,000 387,000,000 270,900,000 2009 6 30 2009 6 30 15. 16. 17. III-9

2009 6 30 2009 6 30 18. 100 1.2 2.2 3.1 19. 3 20. B 611 613 615 21. 3 17 III-10

2009 6 30 2009 6 30 22. 32 12 2009 6 30 2009 6 30 23. 15 22 2205 2206 22,818,000,000 22,701,900,000 III-11

2009 6 30 1. 1 1,059,840.39 11,408,122 2003 2006 464,000.00 4,994,496 2,163,073.34 23,283,608 525,474.34 5,656,202 2008 2009 36,000,000 100% 36,000,000 5 2 12 1 1 2,763.38 29,745 2004 50 2007 6 12 2057 6 11 (1) 100% 2007 6 12 (2007)5043 G04219-005910,837.04502007 6 122057 6 11 (2) 2009 5 25 (2003) 5077 3 (2007) 5043 2 G04219-0059 04225-0017G04225-0019 118,900.73 1.22 50 2003 7 102053 7 9 III-12

(3) (4) (i) (ii) (2) (iii) (iv) 2010 12 31 (5) III-13

2009 6 30 2. 1 1,059,840.39 11,408,122 2003 2006 464,000.00 4,994,496 2,163,073.34 23,283,608 525,474.34 5,656,202 2008 2009 19,000,000 100% 19,000,000 5 2 12 1 1,305.34 14,051 2003 50 2007 6 12 2057 6 11 (1) 100% 2007 6 12 (2007) 5043 04219-0059 10,837.04 50 2007 6 12 2057 6 11 (2) 2009 5 25 (2003) 5077 3 (2007) 5043 2 G04219-0059 04225-0017G04225-0019 118,900.73 1.22 50 2003 7 102053 7 9 (3) III-14

(4) (i) (ii) (2) (iii) (iv) 2010 12 19 (5) III-15

2009 6 30 3. 1 1,059,840.39 11,408,122 2003 2006 464,000.00 4,994,496 2,163,073.34 23,283,608 525,474.34 5,656,202 2008 2009 394,000,000 100% 394,000,000 5 2 12 1 32,114.56 345,681 2005 50 2003 7 10 2053 7 9 (1) 2 2 200,508.53 100% G04225-0017... 6000109399 2003 7 10 2053 7 9 G04227-0071... 6000109413 2003 7 10 2053 7 9 108,063.69 2003 12 17 92,444.84 2003 12 17 III-16

(2) 2 32,114.56 6000249456... 2003 7 10 2053 7 9 16,065.20 6000249459... 2003 7 10 2053 7 9 16,049.36 (3) 2009 5 25 (2003) 5077 3 (2007) 5043 2 G04219-0059 04225-0017G04225-0019 118,900.73 1.22 50 2003 7 102053 7 9 (4) 2008 8 8 (2008) A1001101360800013 T27 G04226-0033 100,000,000 2010 9 8 (5) 2008 1 17 2D7907200828000801M01 60,000,000 2010 1 18 (6) (7) (i) (ii) (4) (5) (iii) (8) III-17

2009 6 30 4. 1 1,059,840.39 11,408,122 2003 2006 464,000.00 4,994,496 2,163,073.34 23,283,608 525,474.34 5,656,202 2008 2009 351,000,000 100% 351,000,000 2 6 2009 340,368.46 3,663,726 15,733.00 169,350 50 2005 11 18 2055 11 17 (1) 6000307637 G04225-0020 04225-0018 G04219-0060 110,051.55 100%502005 11 182055 11 17 (2) 2009 3 30 2 340,368.46 250,844.7689,523.70 (3) 71,805.06 (4) III-18

(5) (i) (ii) (6) III-19

2009 6 30 5. 1 1,059,840.39 11,408,122 2003 2006 464,000.00 4,994,496 2,163,073.34 23,283,608 525,474.34 5,656,202 2008 2009 (3) 5 2 12 1 7,407.77 79,737 2004 50 2003 3 17 2053 3 16 (1) 6000151053 G04224-0009 13,701.80 7,407.77 100%50 2003 3 17 2053 3 16 (2) 81906200900001757M02 M12 L24P02435,000,000 (3) 53,500,000 III-20

(4) (i) (ii) (iii) (2) (5) III-21

2009 6 30 6. 1 162 1,059,840.39 11,408,122 2003 2006 464,000.00 4,994,496 2,163,073.34 23,283,608 525,474.34 5,656,202 2008 2009 16,064.00 2009 2011 215,334 405,000,000 100% 405,000,000 5 2 12 1 162 24,271.00 261,2532004 50 2003 7 10 2053 7 9 (1) 4 4 407,081.31 100% G04225-0017... 6000109399 2003 7 10 108,063.69 2003 12 17 2053 7 9 G04224-0008... 6000109415 2003 7 10 104,870.34 2003 12 17 2053 7 9 G04227-0070... 6000109414 2003 7 10 101,702.44 2003 12 17 2053 7 9 G04227-0071... 6000109413 2003 7 10 2053 7 9 92,444.84 2003 12 17 III-22

(2) 186 188,433.46 G04224-0008... 2003 7 10 2053 7 9 46,300.00 G04227-0071... 2003 7 10 2053 7 9 44,276.87 G04225-0017... 2003 7 10 2053 7 9 41,098.62 G04227-0070... 2003 7 10 2053 7 9 56,757.97 (3) 2007 6 12 (2007) 5043 G04219-0059 10,837.04 50 2007 6 122057 6 11 (4) 2009 5 25 (2003) 5077 3 (2007) 5043 2 G04219-0059 04225-0017G04225-0019 118,900.73 1.22 50 2003 7 102053 7 9 (5) 2007 1 24 (2008) 0076 0077 G04227-0075 G04226-0034 G04227-0079 T17 T26 T28 390,000,000 2011 12 29 (6) 2008 1 340000223-2009 ( ) 0012 L13 L23300,000,000 2017 6 4 (7) 2006 11 1 2006 0839034RP01 P03 P12300,000,000 2011 10 31 (8) 81906200900001757M02 M12 L24P02435,000,000 (9) 2008 1115034R 128 150,000,000 (10) G04225-0017 3,201.00 18,818,883 (11) 4 188,282.97 (12) (i) (ii) (iii) (5) (9) III-23

(iv) (v) (4) T01 (13) III-24

2009 6 30 7. 1 1,059,840.39 11,408,122 2003 2006 464,000.00 4,994,496 2,163,073.34 23,283,608 525,474.34 5,656,202 2008 2009 1,371,000,000 100% 1,371,000,000 2 6 2009 340,368.46 3,663,726 63,231.00 680,618 50 2005 11 18 2055 11 17 (1) 6000307637 G04225-0020 04225-0018 G04219-0060 110,051.55 100%502005 11 182055 11 17 (2) 2009 3 30 2 340,368.46 250,844.7689,523.70 (3) 71,805.06 III-25

(4) (i) (ii) (5) III-26

2009 6 30 8. 1 1,059,840.39 11,408,122 2003 2006 464,000.00 4,994,496 2,163,073.34 23,283,608 525,474.34 5,656,202 2008 2009 12,633.00 2013 4 10 279,877 159,000,000 100% 159,000,000 2008 6 43,901.64 472,557 50 1992 8 82042 8 7 (1) 6000164276 G05101 0001 108,035.90 100% 501992 8 82042 8 7 (2) 2004 12 24 G05101-0001 3,037,389 G05101-0001 10,195.76 10,195.76 6000164276 10,195.76 (3) 2008 2 2 43,901.64 (4) (i) (2) 10,195.76 III-27

(ii) (2) (iii) (5) III-28

2009 6 30 9. 1 1,312 1,059,840.39 11,408,122 2003 2006 464,000.00 4,994,496 2,163,073.34 23,283,608 525,474.34 5,656,202 2008 2009 141,251.26 2009 2014 2,941,187 3,064,000,000 100% 3,064,000,000 5 2 12 1 1,312 167,116.06 1,798,837 2004 50 2003 7 10 2053 7 9 (1) 4 4 407,081.31 100% G04225-0017... 6000109399... 2003 7 10 2053 7 9 G04224-0008... 6000109415... 2003 7 10 2053 7 9 G04227-0070... 6000109414... 2003 7 10 2053 7 9 G04227-0071... 6000109413... 2003 7 10 2053 7 9 108,063.69 2003 12 17 104,870.34 2003 12 17 101,702.44 2003 12 17 92,444.84 2003 12 17 III-29

(2) 186 188,433.46 G04224-0008... 2003 7 10 2053 7 9 46,300.00 G04227-0071... 2003 7 10 2053 7 9 44,276.87 G04225-0017... 2003 7 10 2053 7 9 41,098.62 G04227-0070... 2003 7 10 2053 7 9 56,757.97 (3) 2007 6 12 (2007) 5043 G04219-0059 10,837.04 50 2007 6 122057 6 11 (4) 2009 5 25 (2003) 5077 3 (2007) 5043 2 G4219-0059 04225-0017 G4225-0019 118,900.73 1.22 50 2003 7 102053 7 9 (5) 2007 1 24 (2008)0076 0077 G04227-0075 G04226-0034 G04227-0079 T17 T26 T28 390,000,000 2011 12 29 (6) 40000223-20090012 L13 L23 300,000,000 2017 6 4 (7) 2006 11 1 2006 0839034RP01 P03 P12300,000,000 2011 10 31 (8) 81906200900001757M02 M12 L24P02435,000,000 (9) 2008 1115034R 128 150,000,000 (10) (11) (i) (ii) (iii) (5) (9) (iv) (4)T01 III-30

(12) III-31

2009 6 30 10. 1 1 2 1,059,840.39 11,408,122 2003 2006 464,000.00 4,994,496 2,163,073.34 23,283,608 525,474.34 5,656,202 2008 2009 12,204.00 2009 2016 578,580 146,000,000 100% 146,000,000 5 2 12 1 22,359.76 240,6802004 2005 50 2003 7 10 2053 7 9 (1) 2 2 206,572.78 100% G04227-0070... 6000109414... 2003 7 10 2053 7 9 G04224-0008... 6000109415... 2003 7 10 2053 7 9 101,702.44 2003 12 17 104,870.34 2003 12 17 III-32

(2) 2 22,359.76 6000249458... 2003 7 10 2053 7 9 11,164.71 6000249457... 2003 7 10 2053 7 9 11,195.05 (3) 81906200900001757M02 M12 L24P02435,000,000 (4) (5) (i) (ii) (iii) (3) (6) III-33

2009 6 30 11. 1 1,059,840.39 11,408,122 2003 2006 464,000.00 4,994,496 2,163,073.34 23,283,608 525,474.34 5,656,202 2008 2009 22,822.09 2012 2015 709,574.93 2,783,000,000 100% 2,783,000,000 2 6 2009 340,368.46 3,663,726 159,596.59 1,717,898 50 2005 11 18 2055 11 17 (1) 6000307637 G04225-0020 04225-0018 G04219-0060 110,051.55 100%502005 11 182055 11 17 (2) 2009 3 30 2 340,368.46 250,844.7689,523.70 (3) 71,805.06 (4) III-34

(5) (i) (ii) (6) III-35

2009 6 30 12. 1 1,059,840.39 11,408,122 2003 2006 464,000.00 4,994,496 2,163,073.34 23,283,608 525,474.34 5,656,202 2008 2009 156,000,000 100% 156,000,000 2008 19 21 25 141,203.96 1,519,919 31,746.71 341,722 50 2005 5 16 2055 5 15 (1) 6000171010 G04223-0025 39,992.02 100% 502005 5 162055 5 15 (2) 2009 5 11 6000344109141,203.963 114,663.2426,540.72 502055 5 15 III-36

(3) 1,994.39 20 20 10,484,727 (4) (i) (ii) (5) III-37

2009 6 30 13. 1 1,059,840.39 11,408,122 2003 2006 464,000.00 4,994,496 2,163,073.34 23,283,608 525,474.34 5,656,202 2008 2009 13,547,000,000 100% 13,547,000,000 2,163,073.34 23,283,608... 905,300.00 9,744,649... 259,300.00 2,791,105... 103,100.00 1,109,768.. 15,000.00 161,460... 288,500.00 3,105,414... 66,400.00 714,730... 1,637,600.00 17,627,126 2009 2012 12 (1)-(3) III-38

(1) 8 8 628,220.24 100% G05101-0001... 6000164276 G04223-0025... 6000171010 G04224-0013... 6000307636 G04227-0075... 6000191478 G04227-0079... 6000286545 G04227-0072... 6000117044 G04226-0033... 6000187493 G04226-0034... 6000271232 1992 8 8 2042 8 7 2005 5 16 2055 5 15 2005 12 6 2055 12 5 2005 11 4 2055 11 3 2007 6 29 2057 6 28 2003 11 10 2053 11 9 2005 9 27 2055 9 26 2007 5 10 2057 5 9 108,035.90 39,992.02 126,671.81 66,542.03 20,145.27 54,630.95 38,500.33 63,650.39 (2) 100% 2008 3 20 (2005) 5088 1 (2007)5091 1 G04227-0075 G04227-0079 G04227-0080 86,687.36 2.5 50 2005 11 42055 11 3 (3) (4) 2008 8 8 (2008) A1001101360800013 T27 G04226-0033 100,000,000 2010 9 8 (5) 2008 0076 0077 G04227-0075 G04226-0034 G04227-0079 T17 T26 T28 390,000,000 2011 12 29 (6) 4,921,972,682 3,609,702,262 (7) G04224-0013 G04227-0075 G04227-0079 G04226-0034 30% 264,233.00 2009 6 30 4,887,000,000 2009 6 3014,135,000,000 III-39

(8) (9) (10) G04227-0072 G04226-0033 G04227-0072 G04226-00332009 6 3 1 (11) (i) (ii) (iii) (iv) (4) (5)2 (12) III-40

2009 6 30 14. 486,530.00 5,237,010 17 729,795.00 7,855,513 387,000,000 70% 270,900,000 2013 70 50 (1) (1) 70% GP-2009-0081 486,530.00 72,979,50070 50 (2) 486,530.00 70% 21-04-0068-1 (2009) 0502-1 2059 6 11,132.80 21-04-0068-2 (2009) 0502-2 2059 6 61,074.00 21-04-0068-3 (2009) 0502-3 2079 6 154,800.60 21-4-0068-4 (2009) 0502-4 2079 6 259,522.60 (3) (i) (ii) (4) III-41

2009 6 30 15. 2,000,120.00 21,528,108 3,875,921.00 41,720,414... 1,133,843.00 12,204,686... 150,000.00 1,614,600... 10,000.00 107,640... 427,334.00 4,599,823... 150,000.00 1,614,600... 1,489,642.00 16,034,506... 130,000.00 1,399,320... 385,102.00 4,145,238... 3,875,921.00 41,720,414 2010 2014 (1) (2) 2007 2 11 (3) 6,881,000,000 (4) (i) (ii) (5) III-42

2009 6 30 16. 1,733,355.00 18,657,618 4,162,600.00 44,806,226... 1,800,000.00 19,375,200... 200,000.00 2,152,800... 10,000.00 107,640... 520,000.00 5,597,280... 100,000.00 1,076,400... 1,166,600.00 12,557,282... 50,000.00 538,200... 316,000.00 3,401,424... 4,162,600.00 44,806,226 2010 2014 (1) (2) 2007 12 29 (3) 8,100,000,000 (4) (i) (ii) (5) III-43

2009 6 30 17. 3,723,470.00 40,079,431 (1) 70% (2) 2009 4 21 (3) (4) (i) (ii) (5) III-44

2009 6 30 18. 100 1.2 2.2 3.1 13,700.00 147,467 1998 10 2015 3 31 2005 4 1 2010 10 31... 158,333 2010 11 1 2015 3 31... 154,167 (1) 100% (2) (i) (ii) (iii) (iv) III-45

2009 6 30 19. 3 100.00 1,076 2000 (1) 80% (2) (i) (iv) III-46

2009 6 30 20. B 611 613 615 200.00 2,1532000 2011 5 4 (1) 100% (2) (i) (ii) III-47

2009 6 30 21. 3 17 C38 C39 476.00 5,124 2000 2009 9 17 10,596 (1) 100% (2) (i) (ii) III-48

2009 6 30 22. 32 12 700.00 7,535 2000 China Northeast Logistics Co. Ltd. 2010 5 14 (1) 100% (2) (i) (ii) III-49

2009 6 30 23. 15 22 2205 2206 1992 36 22 359.813,873 2008 7 1 2011 3 16 148,000 (1) 2008 7 1 22 2008 7 1 2011 3 16 148,000 III-50

2009 9 4 (a) (b) (c) (d) IV-1

(a) (b) (c) (d) (1) (e) IV-2

(f) (2) () (2) (a) (b) (3) (c) (d) (e) (5) IV-3

(1) (1) (1) (1) 57B IV-4

IV-5

(a) (i) (ii) (b) (c) (5) (d) (i) IV-6

(ii) (e) (1) (6) IV-7

I. 1. 2002 5 8 2002 7 26 1522 2205 86,000,000 200,000 85,800,000 2. (i) 2002 5 8 200,000 200,000 1.00 Company Kit Registrations Limited Company Kit Company Services Limited (ii) 2006 11 3 (1) 20,000,000 0.01 (2)980,000,000 0.01 200,000 10,000,000 2006 11 3 (i) (ii) (iii) 2009 9 4 10,000,000 300,000,000 30,000,000,000 0.01 3. 2009 9 4 (i) 10,000,000 300,000,000 30,000,000,000 (ii) V-1

20% (a) (b) (c) (iii) 10% (a) (b) (c) (iv) (ii) (iii) (v) 85,800,000 44,800,000 V-2

4,480,000,000 41,000,000 Accurate Gain Developments Limited............... 1,344,000,000 Proficient Success Limited...................... 1,120,000,000 Carrianna Development Limited.................. 896,000,000 Kinox Holdings Limited....................... 224,000,000...................... 224,000,000......................... 672,000,000 (vi) (vii) (viii) 4. (a) (BVI) 2007 10 23 (BVI) 50,000 50,000 1.00 1 V-3

(b) (BVI) 2007 10 23 (BVI) 50,000 50,000 1.00 1 (c) 2007 11 9 10,000 10,000 1.00 1 (BVI) (d) 2007 11 9 10,000 10,000 1.00 1 (BVI) (e) 2007 11 16 150,000,000 100% (f) 2007 11 8 500,00080%20% (g) 2007 12 26 500,000100% V-4

5. 5.1 (i) (ii) (iii) 10% 30 25% V-5

(iv) (v) 21 (vi) (vii) 5.2 (i) V-6

(ii) (iii) 2009 3 31 (iv) (v) II. 1. (i) 2008 7 31 (ii) 2009 9 4 V-7

(iii) 2009 9 4 (iv) 2009 9 4 2. (i)..... 35, 36, 39, 43 2006 3 7 2016 3 6 300593848........................ 1 2006 6 28 2016 6 27 2 2006 6 28 2016 6 27 3 2006 6 28 2016 6 27 4 2006 6 28 2016 6 27 5 2006 6 28 2016 6 27 6 2005 12 21 2015 12 20 7 2006 1 28 2016 1 27 8 2005 12 21 2015 12 20 3889733 3889732 3889731 3889730 3889649 3889648 3889647 3889646 V-8

............................................. 9 2006 3 21 2016 3 20 10 2005 5 28 2015 5 27 11 2005 11 28 2015 11 27 12 2006 1 28 2016 1 27 13 2005 3 14 2015 3 13 14 2006 6 28 2016 6 27 15 2006 6 28 2016 6 27 16 2006 6 28 2016 6 27 17 2006 6 28 2016 6 27 18 2007 2 7 2017 2 6 19 2006 6 28 2016 6 27 20 2006 6 28 2016 6 27 21 2006 6 28 2016 6 27 22 2007 2 7 2017 2 6 23 2007 2 7 2017 2 6 3889645 3889644 3889643 3889642 3889641 3889640 3889650 3890423 3890422 3890421 3890420 3890430 3890439 3890438 3890437 V-9

............................................. 24 2007 2 7 2017 2 6 25 2007 2 7 2017 2 6 26 2007 2 7 2017 2 6 27 2007 2 7 2017 2 6 28 2007 2 7 2017 2 6 29 2005 11 28 2015 11 27 30 2005 12 7 2015 12 6 31 2005 11 28 2015 11 27 32 2005 11 28 2015 11 27 34 2005 11 28 2015 11 27 35 2006 9 21 2016 9 20 36 2009 4 7 2019 4 6 37 2008 8 7 2018 8 6 38 2006 7 7 2016 7 6 39 2009 1 21 2019 1 20 3890436 3890435 3890434 3890433 3890432 3890431 3889699 3889698 3889697 3889695 3889694 3889693 3889692 3889691 3889690 V-10

............................................. 40 2006 4 14 2016 4 13 41 2006 9 28 2016 9 27 42 2006 10 21 2016 10 20 43 2006 9 28 2016 9 27 44 2006 7 7 2016 7 6 45 2006 7 7 2016 7 6 1 2005 8 21 2015 8 20 2 2005 8 28 2015 8 27 3 2006 1 7 2016 1 6 4 2005 4 28 2015 4 27 5 2006 2 14 2016 2 13 6 2005 6 21 2015 6 20 7 2005 8 21 2015 8 20 8 2005 3 7 2015 3 6 9 2005 5 14 2015 5 13 3889709 3889708 3889707 3889706 3889705 3889704 3714484 3714485 3714486 3714487 3714488 3714494 3714495 3714496 3714497 V-11

............................................. 10 2005 4 21 2015 4 20 11 2005 4 28 2015 4 27 12 2005 8 14 2015 8 13 13 2005 3 21 2015 3 20 14 2005 9 21 2015 9 20 15 2005 10 28 2015 10 27 16 2005 12 7 2015 12 6 17 2005 7 7 2015 7 6 18 2006 6 28 2016 6 27 19 2006 7 21 2016 7 20 20 2006 1 28 2016 1 27 21 2005 11 21 2015 11 20 22 2005 12 28 2015 12 27 23 2006 1 14 2016 1 13 24 2006 7 14 2016 7 13 3714498 3714499 3714500 3714501 3714502 3714503 3714504 3714505 3714506 3714507 3714508 3714509 3714510 3714511 3714512 V-12

............................................. 25 2006 6 28 2016 6 27 26 2005 12 7 2015 12 6 27 2005 12 14 2015 12 13 28 2006 7 14 2016 7 13 29 2005 7 21 2015 7 20 30 2005 4 28 2015 4 27 31 2005 4 21 2015 4 20 32 2005 4 28 2015 4 27 33 2005 4 21 2015 4 20 34 2005 4 21 2015 4 20 35 2005 8 28 2015 8 27 36 2006 2 7 2016 2 6 37 2005 12 21 2015 12 20 38 2005 10 28 2015 10 27 39 2005 10 28 2015 10 27 3714513 3714514 3714515 3714516 3714517 3714518 3714519 3714520 3714521 3714522 3714523 3713884 3713885 3713886 3713887 V-13

........................................... 40 2005 8 28 2015 8 27 41 2005 9 28 2015 9 27 42 2006 2 14 2016 2 13 43 2006 2 14 2016 2 13 44 2005 11 7 2015 11 6 45 2005 10 28 2015 10 27 35 2009 3 14 2019 3 13 36 2009 6 21 2019 6 20 41 2009 5 28 2019 5 27 43 2009 6 21 2019 6 20 44 2009 6 21 2019 6 20 3713888 3713889 3713890 3713891 3713892 3713893 5015467 5015466 5016298 5016258 5016257 35, 36, 37, 39, 41, 43... 35, 36, 37, 39, 41, 43 301288521 301314701 V-14

(ii) www.csc-sz.com.............. 2003 4 14 2011 4 14.............. 2003 9 13 2010 9 13.com........cn........................................com............. www.chinasouthcity.hk.......... www.chinasouthcity.com......... www.css56.com.............. www.szgrandcityhotel.com........ www.csc86.com.cn............ www.csc86.net............... www.csc86.net.cn............. www.csc86.com.............. 2009 7 11 2011 7 11 2009 7 20 2011 7 20 2009 7 30 2011 7 30 2007 8 11 2011 8 11 2007 8 11 2011 8 11 2007 8 22 2011 8 22 2009 7 15 2011 6 9 2009 10 21 2010 3 4 2012 2 11 2012 2 11 2012 2 11 2015 3 3 V-15

III. 1. (a) 1% 3% (b) V-16

2. 3. (a) XV XV 7 8 [ ] 352 (1)......... (2)......... (3)......... (4)......... (5)......... (6) (1) (2) Accurate Gain Developments Limited 50% Proficient Success Limited 42% Accurate Gain Developments Limited Proficient Success Limited 22.5% 1,350,000,000 18.75% 1,125,000,000 (3) 80%20% 77% Poly Faith Investment Ltd. 50% 11.25% 675,000,000 (4) 43.58% Carrianna Development Limited 15% 900,000,000 (5) Kinox Holdings Limited3.75% 225,000,000 (6) Luk Ka Overseas 50% 3.75% 225,000,000 V-17

(b) XV 2 3 XV 2 3 10% 4. 5. 6. (i) XVXV 7 8 352 (ii) XV 2 3 10% V-18

(iii) (iv) (v) IV. 1....... 1 The Mayfair 20B 2....... 1 5 6 4 A 3....... D 40 4....... 8 9 19 E V-19

17.02(1)(b)17 1. 50% (i) (ii) (iii) 12 (iv) (i)(ii) (iii) V-20

(v) (vi) (vii) (a) 2011 12 31 2011 12 31 (b) 2011 12 31 (c) 6 (viii) 12 (i) (ii) (iii) V-21

2. 50%.......................................................................................................... V-22

V. 1. (a) (b) (d) (c) 1.00 (d) (a) (b)(c) (e) 30% 30% (e) V-23

10% 10% 10%10% 10% 10% 12 1% (f) 10 (g) V-24

(h) 1 (h) (i) 12 (j) 14 V-25

(k) (l) (e) (m) (i) (ii) (h) (i) (j) V-26

(iii) (k) (k) (iv) (j) (v) (vi) (g) (n) V-27

(o) (e)10% (p) 17.03 17 (q) (r) (q) V-28

(s) (t) (i) (ii) (iii) 60 (iv)30 (u) 12 (i)0.1% (ii) 5 V-29

VI. 1. (a) 16.5% 15% 0.2% 5 2. V-30

3. 2009 9 4 (a) 35 (b) (c) (i) (ii) [] (iii) (iv) (i) 2009 3 31 (ii) V-31

(iii) 2009 3 31 (iv) (v) 4................................ 5. 6. 11.1 (i) (ii) (iii) (iv) V-32

(v) 12 (vi) (vii) (viii) V-33