2 3 4 7 11 19 21 24 42 44 45 46

TCL CORPORATION 2004

2 3 4 7 11 19 21 24 42 44 45 46

1. TCL TCL TCL Corporation TCL Corp. 2. 3. : 0752-2288389 0755-26826552,0752-2382511 : ir@tcl.com 0755-26894118,0752-2382517 0755-26826552,0752-2382511 hezh@tcl.com 4. TCL 516001 :http://www.tcl.com ir@tcl.com 5. : : http://www.cninfo.com.cn TCL 6. TCL 000100

7. 1 2002 4 19 2002 5 17 TCL 2003 10 13 25% 2 003362 3 441300195971850 4 1 16 288,847,693 245,205,122 44,275,033 7,388,531,848 105,219,609 299,505,684-117,903,440 126,532,572-19,287,123-1,314,180,481

4,034,347,278-25,232,225 1,140,425-126,532,572 1,447,211 14,984,910, -70,132,838 3,395,000 1. 2004 2003 2002 40,282,232,711 28,254,258,408 22,116,506,259 245,205,122 570,576,574 424,641,343 30,735,020,777 15,934,207,451 14,517,018,302 5,459,385,107 2,263,385,225 1,899,674,085 0.0948 0.3584 0.2667

2.1109 1.4218 1.1933 2.0673 1,4027 1.1032-0.5081 0.4181 0.6941 (%) 4.49% 25.21% 22.35% 2. ( ) 135.34% 157.47% 2.8568 3.6827 5.49% 6.38% 0.1158 0.1493 4.49% 5.23% 0.0948 0.1222 0.81% 0.94% 0.0171 0.0221 : 1,591,935,200 10,920,007 328,208,059 49,760,896 323,362,573 8,959,386 2,263,385,225 994,395,944 1,970,260,018 36,780,768 12,260,256 406,829,284 31,421,128 3,439,687,142 - - - - -243,687,260 - -243,687,260 2,586,331,144 1,981,180,025 364,988,827 62,021,152 486,504,597 40,380,514 5,459,385,107 15%

+ - 1 1,591,935,200 0 0 1,591,935,200 652,282,698 0 0 652,282,698 95,516,112 0 0 95,516,112 197,081,577 0 0 197,081,577 647,054,813 0 0 647,054,813 2 0 0 0 0 3 0 0 0 0 4 0 0 0 0 1,591,935,200 0 0 1,591,935,200 1 0 994,395,944 994,395,944 994,395,944 2 0 0 0 0 3 0 0 0 0 4 0 0 0 0 0 994,395,944 994,395,944 994,395,944 1,591,935,200 994,395,944 994,395,944 2,586,331,144 1 2004 1 2 [2004]1

2004 1 7 4.26 994,395,944 590,000,000 TCL 404,395,944 TCL TCL 994,395,944 2004 1 30 000100 TCL 56.70% TCL 21.15 4.26 TCL 404,395,944 TCL TCL TCL 1 13 TCL TCL, TCL TCL ( ) 2004 1 5 TCL 2 994395944 3 1 2004 12 31 255904 2 10 255,904 652,282,698 25.22%

235,418,484 9.10% 144,521,730 5.59% 95,516,112 3.69% PHILIPS ELECTRONICS 63,677,409 2.46% CHINA B.V. LUCKY CONCEPT LIMITED REGAL TRINITY LIMITED 47,758,056 1.85% 47,758,056 1.85% 31,838,703 1.23% 24,791,527 0.96% 23,569,661 0.91% Lucky Concept Limited Regal Trinity Limited GP 87.1% GP 49.1% CIH Limited 67.6% Lucky Concept Limited Regal Trinity CIH Limited 1 85000 2001 12 31 2

3 4 100% 25.22% TCL 10 A B H 8,173,574A 6,699,000A 6,500,000A 6,412,253A 6,247,371A 5,795,404A 5,404,500A 5,261,244A 100 3,563,365A

3,403,348A -, 1, 482002 4 2005 4 144,521,730 144,521,730 542002 4 2005 4 24,791,527 24,791,527,COO,,,,, 632002 4 2005 4 0 0 542002 4 2005 4 23,569,661 23,569,661 602002 4 2005 4 23,569,661 23,569,661 462002 4 2005 4 19,012,888 19,012,888 412002 4 2005 4 3,313,814 3,313,814 432003 10 2005 4 0 0 552002 4 2005 4 0 0

602002 4 2005 4 0 0 Andreas Wente 492004 10 2005 4 0 0 692002 4 2005 4 0 0 682002 4 2005 4 0 0 482002 4 2005 4 0 0 412002 4 2005 4 0 0 562003 10 2005 4 0 0 422004 10 2005 4 0 0 412004 3 2005 4 6,444,954 6,444,954 422004 3 2005 4 2,224,069 2,224,069 372003 3 2005 4 0 0 462004 10 2005 4 0 0 462002 4 2005 4 10,025,604 10,025,604 342002 4 2005 4 0 0 2002 2 GP ( ) 1999 1 Nam Tai Electronics Inc. 2005 1 Andreas Wente 2001 9 2 1 48

TTK TCL TCL 1994 1995 2000 2002 2002 12 2002CCTV 2004 2 6 2004 9 3 TCL OFFICIER DE LA LEGION D`HONNEUR, 2004 (CNN) 25 2004 12 28 CCTV2004 63 54 COO TCL TCL TCL 1985 54 TCL 60 TCL

46 TCL TCL TCL TV 41 TCL TCL 1991 43 TCL- TCL TCL 10 55 GBS, ( ) GP CIH Limited 60 Nam Tai Electronics, Inc. ( NTE Inc. ) NTE Inc. 1998 9 2004 12, NTE Inc.

Mr.Andreas Wente, 49 69 68 781, 48 1982 1985 1988 41 2000 CCTV2000 56, 42 EMBA EDP

2, 46 34 1997 4 2001 10 46 TCL,TCL TCL 3 41 2004 7 TTE 1991 12 TCL TCL TCL TCL TCL 2002 8 TCL 2000 1 2002 4 TCL 2002 9 2004 4 TCL TCL 42,TCL TCL TCL

37 1993 7 1994 3 1994 3 1996 10 1996 10 2001 6 2001 6 2003 1. 3 1 2003 10 13 2 17 7 TCL 6 3 6 4 3 1 TCL 3.6 5 529 228 134 2004 70 5 50--60 1 20--40 1 6-10 10 6 3 6 Andreas Wente( )

Andreas Wente 4. Chief Operating Officer COO 2004 12 31 65,370 1 1358 577 12037 3630 2029 1900 43839 65370 (%) 2.1% 0.9% 18.4% 5.6% 3.1% 2.9% 67% 100% 2 21,531 82 528 7190 8006 5725 21531 (%) 0.4% 2.5% 33.4% 37.2% 26.6% 100% 3 97

TCL TCL 1 ( ) ( ) ( )

9 5 1 3 9 6 1 2 9 9 0 0 2 2 0 0 1 9 9 0 0 9 6 0 3 1 2004 2 2 KPI KPI

1 2004 4 7 2003 2004 5 15 10 6 TCL 34 1,334,963,414 51.62 2 2003 1 2003 2 2003 3 2003 4 2003 5 6 7 TCL 8 9 TCL 10

2004 5 18 1 2004 1 2004 6 2 2004 2004 7 2 10 27 1,348,920,746 52.1558 1 TCL Thomson TCL-Thomson Electronics Limited 2 3 4 5 2004 7 3 2 2004 2 2004 6 21 2004 2004 7 22 10 13 1 359 887 654 52.58

TCL 2004 7 23 3 2004 3 2004 9 25 2004 2004 2004 10 27 9 6 TCL 14 1,433,504,097 55.43 1 2 Mr.Andreas Wente 3 4 2004 10 28 Andreas Wente

2004 Andreas Wente 2004 1 TCL TCL 8 TCL TTE 9 TCL (T&A) TCL TCL 402.8 43%, TCL 2.45 57% TCL TCL 305.69 14 % 1 : 23,262,614,509 18,735,079,980 19% 69% 67% +0.4% 8,043,865,283 6,728,236,519 16.3% -14% -10% -4.4% 3,577,029,277 3,188,853,692 10.8%

1,128,655,091 703,006,066 37.7% 107% 99% +2.5% 3,167,677,222 2,607,638,239 17.7% 81% 84% -1.6% 1,102,391,329 858,166,385 22% 128% 122% +1.% 40,282,232,711 32,820,980,881 18.5% 43% 44% -0.6% 2 : 2004 2003 24,307,255,322 60% 24,930,692,714 88% 15,974,977,389 40% 3,323,565,694 12% 40,282,232,711 100% 28,254,258,408 100% 3 2004 2003 2002 57.7% 48.8% 46.9% 20% 34.6% 39.4% 8.9% 7.3% 7.5% 2.8% 1.9% 1.8% 7.9% 6.2% 3.6% 2.7% 1.2% 0.8% 100% 100% 100%

2004 TTE TTE 2,000 4,000 TTE OEM 1,672 2004 2003 ( ) ( ) (%) - 888 783 13 4-149 11-160 - 305 233 31 - OEM 170 139 22 1672 1166 43 4 13.4% 888 111 48%, TCL 20% 19% 2% 22% 3C TCL

3C 149 85% 15% 48.94 21% GFK Panel 6% 16% 33% RCA 160 37.7 16 Synovate RCA 7.8% TCL 16% RCA RCA

305 31% 22.8 10% CRT OEM OEM 170 22 5% OEM TTE OEM 2004 T&A 50 23.5% 03 11 5.85 77 TCL T&A 14.4% 13.1% T&A T&A 2677

2.83 ( ) ( ) (%) TCL 751 982-23.5% 666 954-30% 85 28 204% T&A 250 1,001 982 2% 05 T&A - - - - T&A T&A TCL - T&A TCL TCL

TCL TCL 2004 TCL 11.3 2005 80% PC TCL PC PC TCL 62 17 95 5 21 19 8 9 3C 3C 7939

133 115% 38 26% 71, 27% 31.68 81% 5.6, 65% 2005 TCL 05 210 48 129 19 250 InFocus BHflex FPC LCM 2005 1 2 IC 3 LCD/PDP/OLED

( ) TCL 256.92 12,264 100,000 TCL 178.59 33,572 273,773,499 TCL 58.11-23,695 500,000,000 TCL 39.99 33,061 256,000,000 TCL 29.40-2,016 29,800,000 TCL 2.69 4,814 50,000,000 TCL 11.65 318 13,000,000 TCL 7.63 5,815 100,000,000

2004 2003 37.9 55.9, 9.41 % 19.77 72.9, 21.32% 1 99865.00 251,340.00 99865.00 57,000.00 57,000.00 2,284.86 2.4G 17,700.00 2,598.00 0.00 19,500.00 1,472.00 0.00 18,500.00 10,400.00 0.00 19,375.00 10,000.00 0.00 19 500.00 0 0 100,000.00 18,395.00 0.00 251,575.00-99,865.00 2,284.86 - - 1 2 2.4G 3 2005 2006 4 5 2005 2006 6 7 8 2

04 8 TCL TTE,TCL 20.2 20.8 TCL 67 33 TCL TCL 55,000,000 55% Alcatel mpd 45,000,000 45% TCL 402.82 43 7 38 2.89 79 2.45 57% 1. TTE T&A TTE 1.43 T&A 2.83 1.41 2. TCL 2004 0.20 8.31 3.32 3

57.23 357 40 14 26 25 11 79% 1 TCL 2004 24 15 167% 2 98% 87 2004 61 71 70 2003 12 31 2004 12 31 3,892,891,742 1,706,731,433 2004 TTE T&A 2004 13.14 1. 2. 3.

1 2004 3 2 10 45 88 15 12 3 2003 2003 2003 2003 2003 2004 TCL 2 2004 4 6 13 2004 5 15 2003

3 2004 4 27 15 13 TCL 2004 TCL 4 2004 6 1 12 TCL Thomson TCL-Thomson Electronics Limited 1 2 8 9 TCL 2004 7 2 5 2004 6 17 12 TCL TCL 2004 7 22 TCL

6 2004 8 25 13 2004 48 " " " 145 " " " " Andreas Wente 1 7.5 6 2 7 2004 9 24 10 2004 10 27 9 6 TCL 2004 1. 2. Andreas Wente 3. 4. 8 2004 10 27 6 TCL 17 10 3

1. TCL 2004 2. Chief Operating Officer 9 2004 12 13 2004 12 16 17 16 16 Chief Operating Officer "COO" " 1 2 2003 2004 6 3 2003 ; 4 2003 ; 5

1 2004 12 31 : TCL ( ) 12,000-12,000 TCL-696,496 (42,293,316) (41,596,820) 764,889-764,889 Opta Corporation 37,158,300-37,158,300 - (8,726,560) (8,726,560) TCL 31,787,395-31,787,395 ( )25,000,000 (10,000,000) 15,000,000 9,680,000-9,680,000 TCL8,588,880 (5,811,660) 2,777,220 Thomson 179,916,901 (39,571,825) 140,345,076 5,843,497-5,843,497 299,448,358 (106,403,361) 193,044,997 Thomson 178,478,560 178,478,560 178,478,560 178,478,560 Thomson (456,593,387) (639,230,742) (1,095,824,129) (456,593,387) (639,230,742) (1,095,824,129) TTE,

2 2004 245,205,122 10 24,520,512 5 12,260,256 484,986,735 693,411,089 206,906,492 486,504,597 2,586,331,144, 0.05 ( ), 129,316,557 2005 2005 TTE TTE T&A

TCL / 1 2004 3 2 88 3 3 (1) 2003 (2) 2003 (3) 2003 2004 3 3 2 2004 9 24, 1.

2. 2004 9 25 3 2004 10 27 3 3 2004 10 28 2004 2004 _ _

2004 158 6 2004 1 2004 1 29 TCL Thomson TTE TCL Thomson DVD TTE TCL TCL TTE TCL TCL TTE Thomson

TTE TCL Thomson TTE 67% 33% TCL TTE Thomson TTE 18 TTE TCL 2004 2004 7 29 Thomson TTE 2 2004 TCL 36% TCL (BVI) TCL (BVI) TCL 40.8% TCL TCL Alpha Alliance TCL (BVI) TCL Alpha Alliance TCL TCL 57.4% 2004 6 28 TCL 4,500 ( 45,117 ) 45% TCL 5,500 ( 55,143 ) 55% 2004 9 27 TCL TCL 57.4%

TCL

1 2-3 4 5-9 10-11 12 13-14 15-107 I II 1. 108 1. 109

(2005) 244514-20 TCL TCL ( ) ( )2004 12 31 2004 2004 2004 2005 4 16 1

2004 12 31 2003 12 31 1 6,565,420,100 2,672,528,358 2 123,907,893 4,000,000 3 1,566,208,671 3,072,423,829 3,580,863 6,584,242 2,340,747-4 7,328,028,278 1,605,272,964 5 1,628,372,062 975,548,772 6 374,506,328 281,252,665 7 7,108,299,962 4,054,662,209 8 94,407,672 11,947,492 24,795,072,576 12,684,220,531 9 950,351,416 1,254,199,556-1,620 950,351,416 1,254,201,176 10 5,261,982,231 2,663,632,715 10 (1,832,089,084) (1,048,729,525) 3,429,893,147 1,614,903,190 10 (19,553,516) (32,897,073) 3,410,339,631 1,582,006,117 11 444,387,081 198,534,515 3,854,726,712 1,780,540,632 12 279,178,709 231,283,265 13 15,994,052 18,283,042 14 839,697,312-1,134,870,073 249,566,307 30,735,020,777 15,968,528,646 2

2004 12 31 2003 12 31 15 1,769,307,590 1,295,043,396 16 2,202,518,469 2,286,447,546 17 8,508,509,691 3,488,920,999 18 852,648,388 905,958,385 19 281,325,547 101,711,653 19 276,563,697 86,338,062 20 49,980,563 192,775,440 21 (72,864,159) 60,611,301 22 2,356,240 2,677,276 23 1,211,459,844 792,280,151 24 1,696,015,027 133,216,173 25 935,140,078 203,363,003 17,712,960,975 9,549,343,385 26 2,915,422,065 733,254,968 27 272,716,800 369,425,643 28 84,196,065 11,362,359 100,555,347 109,795,226 3,372,890,277 1,223,838,196 21,085,851,252 10,773,181,581 4,189,784,418 2,931,961,840 29 2,586,331,144 1,591,935,200 30 1,981,180,025 10,920,007 31 364,988,827 328,208,059 31 62,021,152 49,760,896 486,504,597 323,362,573 42 129,316,557 206,906,492 32 40,380,514 8,959,386 5,459,385,107 2,263,385,225 30,735,020,777 15,968,528,646 3

TCL 2004 2004 2003 33 40,282,232,711 28,254,258,408 (32,820,980,881) (22,863,714,365) 34 (72,719,982) (21,813,225) 7,388,531,848 5,368,730,818 35 105,219,609 62,246,959 (4,707,046,403) (2,803,423,582) (2,506,528,652) (1,208,528,153) 36 19,329,282 (63,640,389) 299,505,684 1,355,385,653 37 (117,903,440) (73,790,961) 38 126,532,572 30,714,079 39 25,887,687 70,347,156 40 (45,174,810) (31,002,922) 288,847,693 1,351,653,005 (168,809,385) (112,390,740) 125,166,814 (668,685,691) 245,205,122 570,576,574 323,362,573 233,213,106 41 161,624,162-730,191,857 803,789,680 31 (24,520,512) (57,057,657) 31 (12,260,256) (28,528,829) 693,411,089 718,203,194 - (161,627,515) 42 (206,906,492) (233,213,106) 486,504,597 323,362,573 4

TCL 2004 2004 1-12 2003 1-12 1. 0 0 2. 0 0 3. 0 0 4. 0 0 5. 0 0 6. 0 0 5

TCL 2004 2004 2003 41,999,825,665 32,979,224,932 48,819,655 19,324,677 537,331,870 258,783,716 42,585,977,190 33,257,333,325 (37,777,250,301) (27,596,535,637) (1,381,893,574) (801,937,213) (1,131,935,094) (914,991,738) 43 (3,609,078,702) (3,278,310,105) (43,900,157,671) (32,591,774,693) (1,314,180,481) 665,558,632 1,105,881,122 41,616,412 12,770,394-57,875,961 8,749,899 105,529,565 71,006,194 1,282,057,042 121,372,505 / (17,108,049) (1,206,957) (1,173,396,648) (549,631,112) (406,959,827) (211,488,551) (1,597,464,524) (762,326,620) (315,407,482) (640,954,115) 6

TCL 2004 2004 2003 2,928,601,250 87,800,901 16,488,434,932 5,870,365,031 552,890-19,417,589,072 5,958,165,932 (13,184,107,554) (5,169,465,245) (519,719,412) (240,358,157) (114,131,885) (94,045,111) (13,817,958,851) (5,503,868,513) 5,599,630,221 454,297,419 64,305,020 2,835,395 4,034,347,278 481,737,331 7

TCL 2004 (1) 2004 2003 245,205,122 570,576,574 (125,166,814) 668,685,691 350,261,381 133,019,939 478,032,117 313,539,180 26,184,119 25,723,902 10,980,018 14,219,299 (23,323,830) (1,680,124) 668,157,573 32,256,554 ( )/ (348,241) 833,068 20,047,691 96,218,598 117,903,440 73,790,961 ( )/ (1,399,435,152) 746,343,747 (2,667,623,565) (1,651,858,339) / ( ) 843,490,124 (581,658,160) 141,455,536 225,547,742 (1,314,180,481) 665,558,632 (2) 2,000,000 - - 2,504,200-29,583,704 208,757,027 - (3) 6,405,998,191 2,371,650,913 (2,371,650,913) (1,889,913,582) 4,034,347,278 481,737,331 8

TCL 2004 (4) / 2004 2003 / 3,348,000 1,526,053 2,380,057 - / 19,488,106 1,206,957 30,159,647 2,249,635 (477,900) - 72,544,752 28,964,907 (11,904,700) - 5,801,604 57,469 14,724,756 12,195,492 306,788 4,219 500,000-68,611,833 1,569,267 (41,535,264) (1,167,408) (8,292,329) - - 123,910 4,954,166 1,987,124 38,970,000 8,588,880 25,342,679 5,430,513 8,696,385 1,983,456 456,570 27,347 6,037,885 263,023 (1,817,853) 80,297 38,620 359 61,840,462 1,234,102 2,538,282 2,691,016 90,789-13,153,626 17,499,437 9

TCL 2004 (5) 2004 2003 ( 1) 562,075,517 97,280,500 ( 1) 385,322,137 500,000 2,053,278,776 42,116,412 6,722,202 6,215,377-3,514,043 52,032-1,861,014,078 143,656,671 (90,040,099) (400,260) 1,164,212,304 54,329,199 (15,433,553) (483) 4,830,918 5,369,585 1,980,284,231 32,624,592 59,443,138 844,224 (37,821) - 1,758,374,911 56,703,007 (566,238,411) (14,773,676) 1,194,763-47,831,915 384,000-2,332,116 7,927,602 96,403,887 257,972,184 53,600,000 2,067,912,713 121,760,300 9,619,126 20,000,000 3,933,512 5,504,512 51,545,732 2,953,839 177,627,597 3,217,636 (149,408,677) 1,640,617 8,751,749-1,480,174,071 38,814,703 68,041 73,474 1,088,941,422 2,209,200 28,657,504-46,202,380 635,505 2,039,178,760 24,424,620 1 TCL & Alcatel Mobile Phones Ltd. TCL & Alcatel Mobile Phones Ltd. Alcatel S.A. ( ) (2) 10

2004 12 31 2003 12 31 1 1,951,677,725 244,946,292-4,000,000 3 220,032,651 402,874,400 7,000,000 2,000,000 1,654,798-4 353,011,880 374,017,130 5 1,434,125,551 1,154,774,780 6 4,192,841-7 197,548 85,662,505 8 30,200 49,692 3,971,923,194 2,268,324,799 9 4,001,326,460 3,267,251,222 10 199,943,832 199,128,871 10 (90,263,573) (80,229,691) 109,680,259 118,899,180 11 8,761,624-118,441,883 118,899,180 12 93,947,289 101,298,113 13 1,387,503 988,710 95,334,792 102,286,823 8,187,026,329 5,756,762,024 11

2004 12 31 2003 12 31 15 571,554,500 1,213,529,212 17 320,170,035 577,487,767 18 51,645,559 3,563,683 19 178,768 121,498 19 3,508,207 5,356,971 20 42,575,642 184,785,823 21 11,472,429 (4,992,806) 22 14,565 7,534 23 977,563,387 875,288,066 24 1,508,673 1,525,025 25 697,091,800 100,000,000 2,677,283,565 2,956,672,773 26-426,358,800 28 5,600,000 5,600,000 44,757,657 104,745,226 50,357,657 536,704,026 2,727,641,222 3,493,376,799 29 2,586,331,144 1,591,935,200 30 1,981,180,025 10,920,007 31 364,988,827 328,208,059 31 62,021,152 49,760,896 486,504,597 323,362,573 42 129,316,557 206,906,492 32 40,380,514 8,959,386 5,459,385,107 2,263,385,225 8,187,026,329 5,756,762,024 12

TCL 2004 2004 2003 33 3,843,993,157 5,027,817,318 (3,816,547,112) (5,013,020,677) 34 (261,129) (191,810) 27,184,916 14,604,831 35 4,631,151 11,433,331 (2,518,472) (4,299,947) (86,911,493) (51,904,758) 36 21,878,220 (20,758,159) (35,735,678) (50,924,702) 37 247,309,302 619,300,579 38 42,788,001 4,210,407 39 3,972,064 415,139 40 (13,128,567) (2,424,849) 245,205,122 570,576,574 - - 245,205,122 570,576,574 323,362,573 233,213,106 41 161,624,162-730,191,857 803,789,680 31 (24,520,512) (57,057,657) 31 (12,260,256) (28,528,829) 693,411,089 718,203,194 - (161,627,515) 42 (206,906,492) (233,213,106) 486,504,597 323,362,573 13

2004 2004 2003 4,748,898,613 5,706,696,988 1,435,467-225,356,930 478,387,632 4,975,691,010 6,185,084,620 (4,641,539,675) (6,431,812,306) (36,666,945) (24,175,331) (31,034,028) (6,115,745) (347,153,703) (215,231,537) (5,056,394,351) (6,677,334,919) (80,703,341) (492,250,299) 114,154,718-659,997,596 11,436,012 9,140,107 154,000 783,292,421 11,590,012 (5,365,813) (4,657,672) (562,265,287) (202,145,738) (567,631,100) (206,803,410) 215,661,321 (195,213,398) 2,419,905,100-8,252,016,751 5,873,223,000 10,671,921,851 5,873,223,000 (8,723,258,463) (5,054,741,050) (315,721,019) (59,826,095) (52,715,916) (46,673,145) - (2,146,750) (9,091,695,398) (5,163,387,040) 1,580,226,453 709,835,960 3,824,747 6,152,018 1,719,009,180 28,524,281 14

( ) 2004 2004 2003 (1) 245,205,122 570,576,574 14,121,633 10,883,838 13,093,456 13,833,505 2,205,703 1,747,596 229,033 245,889 (3,930,191) (83,242) 48,891,169 40,521,127 19,492 19,800 ( ) / (16,352) 1,044,660 (247,309,302) (619,300,579) 85,464,957 145,100,525 ( ) / 106,922,757 (362,703,167) (357,878,565) (270,092,044) / ( ) 12,277,747 (24,044,781) (80,703,341) (492,250,299) (2) - 2,504,200-29,583,704 (3) 1,939,910,691 220,901,511 (220,901,511) (192,377,230) 1,719,009,180 28,524,281 15

TCL ( ) 2004 130,326,294 224,109,806 156,069,417 (9,011,073) (53,274,832) (62,285,905) 73,058,275 163,310,368 109,218,202 (4,585,854) (14,380,255) (18,966,109) 57,268,019 60,799,438 46,851,215 (4,425,219) (38,894,577) (43,319,796) - 32,730,013 32,730,013 - - - 216,553,191 599,400,915 (55,454,793) (78,596,352) (134,051,145) 681,902,961 11,900,847 20,522,885 - - - 32,423,732 32,897,073 615,744 (5,666,972) (8,292,329) (13,959,301) 19,553,516 2,546,044 2,546,044 175,000-391,852,405 (175,000) (175,000) - - - - 779,155,005 (70,132,838) (140,338,513) (210,471,351) - - 960,536,059 16

17 TCL ( TCL ) ( ) 1997 7 17 ( ) [2002]94 [2002]134 [2002]112 [2002]184 TCL 1,591,935,200 2002 4 19 :4400001009990 2004 1 2 [2004]1 2004 1 7 590,000,000 TCL ( TCL ) 404,395,944 (A ) 2004 1 30 1 4.26 2,513,400,000 258,633 2004 7 16 003362 ( )( [99]233 [2000]074 ) VCD DVD 1. 2. ( ) 釆 1 1 12 31

3. 4. ( 19) 5. 釆 6. 7. 8. 1 18

( ) 8. ( ) 9. (1) - - (2) 0.5% 5% 25% 30% 10. 19

10. 釆 11. 10 10 < > ( ) 2003 3 17 20

( ) 12. 釆 ( 0-3%) : 1-5 20%-100% 20-50 2%-5% 1.5-11 9%-67% 4-5 20%-25% 4-5 20%-25% 13. 21

14. (1) (2) (3) 3 15. 2-10 2-10 2-10 22

16. 1 17. 18. 23

19. 20. 21. 22. < > ( ) ( [2004]3 ) ( ) 10 ( [2004]3 ) 24

23. [1995]11 50% / / / ( ) / ( 50%) 2004 12 31 25

(1) 17% [1997]38 17% (38) (2), 5% (3) 巿 巿 (4) (5) (6) (7) 2002 15% ( ) (8) 26

1. TCL ( ) 100% - 100,000 TCL ( 4) TCL ( ) (BVI) ( 4) 273,773,499 4,500,000-54.83% - 54.83% TCL (BVI) 1 ( 4) TCL 500,000 ( 4) - 54.83% - 54.83% TCL 26,750,000-54.83% ( ) PDA ( 4) 50% * TCL 20,000,000-54.83% ( ) ( 4) ( ) * TCL (BVI) ( 4) 1-54.83% TCL 50,000,000 35% 35.64% ( ( 2) ) TCL HI-FI 46,000,000-54.83% ( ) ( 4) ( 60% 40% ) ( TCL ) 2005 2 22 TCL ( TCL ) * 2004 27

1. TCL ( ( ) ) 30,000,000 ( 4) DVD - 54.83% 120,000,000-38.38% ( 4) TCL cable modem ( ) 50% 20,000,000 ( 4) - 54.83% TCL 30,000,000 49% 27.96% ( 11) * PT. TCL - 43.86% Indonesia ( 4) 1,767,200,000 * TCL (BVI) ( 4) 5,000-54.83% TCL 100,000,000-54.83% ( 4) 50% 50% * 10,000,000-54.83% ( 4) ( ) * 2004 28

1. * TCL-Thomson Electronics Limited( 4) 10,000-36.74% TCL (BVI) ( 4) ( 19) 25,000-36.74% TCL ( ) 100,000,000 ( 4) ( 19) ( ) TCL DVD 10,000,000 ( 4)( 19) 70% TCL ( ( ) ) 256,000,000 ( 4)( 19) - 36.74% - 36.74% - 36.74% TCL 21,400,000-36.74% ( ) ( 4) ( 19) TCL 10,700,000-25.72% ( ) ( 4) ( 19) ( ) TCL - 36.74% ( ) 20,000,000 ( 4) ( 19) ( ) * 2004 29

1. TCL 88,130,825-36.74% CRD ( 4)( 21) TCL ( 122,570,000-25.72% ) ( 4) ( 21) ( ) ( ),, ( 4), 30,000,000 TCL( ) ( ) DVD 100,000,000 ( 4) ( 19) ( ) ( ) * TCL ( ( ) ( ) 95,000,000 4) ( 19) - 36.74% - 36.74% - 36.74% TCL ( 4) ( 19) 濬 1-36.74% TCL ( ) 30,000,000 ( 4) ( 19) TCL ( ) 濬 10,000 ( 4) ( 19) - 36.74% - 36.74% TCL OEM ( 4) ( 19) * 2004 2-36.74% 30

1. TCL ( 4) ( 19) 濬 1-36.74% Century Business Ltd. ( 4) ( 19) 濬 1-36.74% TCL Electronics (Singapore) Pte.Ltd. ( 4) ( 19) Sizzon Pte Ltd. ( 4) ( 19) 濬 - 31.23% 900,000-24.98% 10 TCL Integrated Marketing Inc. ( 4) ( 19) Schneider Electronics GMBH ( 4) ( 19) 200,000 2,000,000-36.74% - 36.74% * TCL Russia LLC ( 4)( 19) 3,000,000-36.74% Brilliant Decade Ltd. ( 4) ( 19) 50,000-36.74% TCL Overseas Consumer Electronics Limited ( 4) ( 19) 10,000-36.74% * TCL Electronics (Thailand) Co., Ltd. ( 4) ( 20) * TCL Electronics Australia Pty Ltd. ( 4) ( 20) 100,000,000 500,000-36.74% - 36.74% * 2004 31

1. Luks Technology Development Co. Ltd. ( 4) ( 20) 1-36.74% TCL(Vietnam) - 36.74% Corporation 37,135,000,000 Ltd. ( 4) ( 20) * TCL-India Holdings Pvt.. Ltd. ( 4) ( 20) - 36.74% 100,000 * TTE (HK) Ltd. ( 4) ( 20) 1-36.74% * Braviar Holdings Limited ( 4) ( 20) 1-36.74% * TCL Thomson Electronics (Thailand) Limited ( 4) ( 20) 220,000,000-36.74% * Renova Electronics Private Limited ( 4) ( 20) - 36.74% 900,000,000 * TCL-Thomson Electronics Singapore PTE Limited ( 4) ( 20) - 36.74% 1,600,000 Thomson Televisiones De Mexico, S.A. de C.V. ( 4) ( 20) Manufacturas Avanzadas, S.A. de C.V. ( 4) ( 20) 16,000,000 25,452,000-36.74% - 36.74% RCA Componentes, S.A. de C.V. ( 4) ( 20) 6,103,000-36.74% * 2004 32

1. * TTE Mexico, S.A. de C.V. ( 4) ( 20) 50,000-36.74% * TTE Germany GmbH ( 4) ( 20) 25,000-36.68% * TCL-Thomson Electronics Europe SAS ( 4) ( 20) 14,267,000-36.68% * TTE Technology Inc. ( 4) ( 20) 14,786,000-36.68% * TCL-Thomson Electronics Polska S.P. zo.o ( 4) ( 20) * TTE Technology Canada, Ltd. ( 4) ( 20) TCL ( ) ( 4) - 36.68% 30,000,000-36.68% 4,430,000 162-100% * TCL ( 4)( 22) * TCL (BVI) ( 4)( 22) * TCL ( 4)( 22) * Alpha Alliance Enterprises Limited ( 4)( 22) * TCL & Alcatel Mobile Phones Ltd. ( 4)( 23) * 2004 282,750,000 1 1 1 10,000,000-57.4% - 57.4% - 57.4% - 57.4% - 31.56% 33

1. * TCL & Alcatel Mobile Phones SAS ( 4)( 23) 20,040,000-31.56% * TCL & Alcatel Mobile Phone China Holding Ltd. ( 4)( 23) 1-31.56% * TCL & Alcatel Mobile Phone American Holding Ltd. ( 4)( 23) 1-31.56% Alcatel Suzhou Telecommuni-c ation Co., Ltd. ( 4)( 23) 28,000,000-31.56% TCL & Alcatel, Mobile Phones, S.A. de C.V.( ) ( 4) ( 23) 4,300-31.56% TCL - 57.4% 100 % 29,800,000 ( 4) ( 22) ( ) ( ) ( 4) 5,000,000 ( 22) - 57.4% TCL ( 30,000,000-57.4% ) ( 4) ( 22) ( ) * TCL ( 5,000,000-57.4% ) ( 4) ( 22) VCD DVD ( ) * 2004 34

1. TCL 106,000,000 75% 25% ( ) ( 15) TCL ( 16,050,000-100% ) ( 4) TCL ( ) ( 4) 29,800,000-100% TCL 65% 35% 14,058,100 ( 16) ( ) TCL 50,000,000 20% 60% ( ) ( 1) ( ) 95% 5% * TCL 1,000,000-60% ( ) ( 4) ( ) TCL 10,000,000 20% 60% ( ) ( 9) ( ) Broomdate Profit Ltd. ( 4) 1-100% 6,472,200-100% ( 4) * 2004 35

1. ( ) ( 4) 8,066,794-90% CD 109,091,000 ( 4) ( 100% ) - 100% * 40,000,000 75% 25% ( 15) ( ) TCL ( 61.92% 25% ) 13,000,000 ( 12) ( ) * TCL ( ( ) 55% 25% ) ( 14) 12,000,000 TCL ( ) 5,000,000 45% 25% ( 13) TCL 40,000,000 60% 40% ( ) ( ) ( 10) ( ) ( ) * TCL ( ( ) 40,000,000 60% 20% ) ( 17) ( ) * TCL 3,000,000-40.8% ( 4) * 2004 36

1. TCL 20,000,000 55% 25% ( 3) * TCL ( 10,000,000-56% ) ( 4) * TCL ( 50,000,000 75% 25% ) 70% 30% ( 15) ( ) * TCL ( 200,000,000 75% 25% ) ( ) ( 15) 37,360,700 75% 5% ( 7) ( 100% ) ( 4) 50,000-80% TCL 4,270,000-41.6% ( ) ( 4) ( 2,289,320-80% ) ( 4) ( 7,000,000-80% ) ( 40% 60% ( 4) ) 2,000,000-80% ( 4) TTK - 80% ( 4) 3,500,000 * 2004 37

1. TCL 18,000,000-80% ( 4) 100% * TCL ( 5,000,000-80% ) ( ( 4) ) 65,000,000-85.38% ( 4) TCL 100,000,000 80% - TCL ( ) ( 2,643,200-60% 70% 30% ) ( 4) 1,000,000-72% ( ) ( 4) * - 85% (CD-R CD-RW DVD-R 100,000,000 ( 4) DVD-RAM) ( ) * TCL ( ) 80,000,000 80% - ( ) ( ) 40,000,000 75% - ( ) * 2004 38

( ) 2. TCL ( ) ( 5) 553,344 100% - 60,668 TCL 5,000,000 5,000,000-100% ( 6) ( ) 60% 40% TCL 10,000,000 7,500,000 75% 25% ( 6) ( ) ( 80% 20% ) TCL 10,700,000 8,111,740-75% ( 6) ( ) TCL ( ) ( 6) 1,000,000 5,602,500-74.7% TCL 64,200,000 47,957,400-74.7% ( ) ( 6) TCL 41,500,000 16,600,000-100% ( 6) 60% 40% 19,974,967 5,592,991-28% ( ) ( 6) ( 18) 200,000 200,000-75.5% ( 18) 2 2-75.5% 2,119,000 2,119,000-75.5% ( ) ( 18) 39

( ) 2. 10,180,471 10,180,471-75.5% ( ) ( 18) 12,736,324 12,736,324-75.5% ( ) ( 18) ( ) 642,900 642,900-75.5% ( ) ( 18) TCL 87,000,000 87,000,000-30.16% ( 6) 3. ( ) TCL- 138,619,145-19.1% ( 8) TCL Sun, Inc. ( 8) - 18.37% 68,025,471 60,000,000-27.42% ( 8) TCL Baron India Limited ( 8) - 18.74% 100,000,000. 40

( ) 4. ( ) CD VCD CD-ROM 86,522,800 20% - ( ) 80,000,000 20% - TCL ( ) 66,400,000 22.22% - 100% ( ) FBT 10,000,000-32% ( 8) 3,816,600-25% ( 8) Pride Telecom Limited.( 8) 7,809,524-21% * ( ) 800,000-32.4% ( 8) * 12,000,000-24% ( 8) * 22,1000,000-65% ( 8) * 300,000-45% ( 8) ( ) * TCL ( ) 70,000,000 45% - * 5,000,000-32% ( 8) Opta Corporation ( 8) 64,244-47.58% : ( Lotus Pacific Inc.) 2004 9 15 Opta Corporation * 2004 41

( ) 5. 2,053,278,776 ( ) 4,971,047,430 7,927,602 1,193,331,263 47,831,915 8,273,416,986 5,025,794,974 46,202,380 5,071,997,354 3,253,593 3,198,166,039 2004 12 31 19,222,003,485 2,823,724,236 (119,764,997) (66,127,884) (187,978,191) 42

( ) 6. 2003 12 31 3,348,000 2,380,057 /2003 12 31 19,488,106 21,895,529 /2003 12 31 ( ) 111,654,947 123,783,908 4,954,166 2 18,784,240 19,889,362-5,340,833 154,881,459 170,909,634 /2003 12 31 142,103,030 154,437,082 90,789 90,789 142,193,819 154,527,871 3,136,419 3,243,823 9,551,221 13,137,940 2004 1 1 2004 1 1 2003 29,501,707 158,228,884 4,545,356 22,493,160 (3,810,819) (26,502,776) (118,914) 67,585 (3,929,733) (27,095,886) 43

44 ( ) 1. 20% TCL ( ) ( TCL ) 60% 80% 2. 35% TCL TCL TCL (BVI) ( TCL (BVI) ) 35.64% 70.64% 3. 55% TCL 25% 80% 4. 5. 6. TCL ( ) TCL ( ) TCL ( ) TCL ( ) ( TCL ( ) ) TCL ( ) TCL ( ) ( ) ( ) TCL ( ) ( TCL ( ) ) TCL ( ) TCL ( ) TCL ( ) 7. 75% TCL 5% 80% 8. 9. 20% TCL 60% 80%

45 ( ) 10. 60% TCL 40% 100% 11. 49% TCL TCL TCL (BVI) TCL ( ) ( TCL ( ) ) 27.96% 76.96% 12. 61.92% TCL 25% 86.92% 13. 45% TCL 25% 70% 14. 55% TCL 25% 80% 15. 75% TCL 25% 100% 16. 65% TCL 35% 100% 17. 60% TCL 20% 80% 18. Gardex Enterprises Ltd. ( ) 2004 4

46 ( ) 19. 2004 1 28 TCL Thomson S.A. Thomson ) TCL-Thomson Electronics Limited( TTE ) TCL 2004 7 31 TCL TTE 20. 2004 1 28 TCL Thomson TTE Thomson 2004 7 31 TTE 21. 2004 1 28 TCL Thomson TTE TCL 2004 7 31 TCL ( ) ( TCL ) TCL ( ) 85% 15% TCL TCL ( ) ( TCL ) 70% 22. 2004 2004 2 26 TCL ( TCL ) 2004 2 27 TCL (BVI) ( TCL (BVI) ) TCL TCL 2004 3 5 TCL Codan Trust Company( Cayman ) TCL 2004 5 21 TCL ( TCL ) TCL BVI TCL (BVI) TCL ( TCL )40.8% 2004 5 21 Alpha Alliance Enterprises Limited( Alpha Alliance ) ( ) ( ) ( ) 100 90 42 Alpha Alliance TCL 23.2% 2004 5 21 TCL 36% 141,797,600 TCL (BVI) 2004 8 10 TCL 100 90 42 Alpha Alliance TCL 359 1 TCL TCL (BVI) TCL (BVI) TCL TCL TCL TCL 408 TCL TCL TCL

( ) 22. ( ) 2004 8 25 TCL TCL TCL 380,000 500,000,000 2004 9 24 TCL 23 TCL 2004 9 27 TCL 2004 12 31 TCL TCL (BVI) TCL Alpha Alliance TCL ( ) ( ( ) ) TCL ( ) ( TCL ) TCL ( ) ( TCL ) 57.40% 23. 2004 6 18 TCL TCL & Alcatel Mobile Phones Ltd. 2004 8 31 TCL TCL & Alcatel Mobile Phones Ltd. 47

1. 2003 12 31 2003 12 31 11,652,455 8,454,914 172,614 606,289 3,188,198,458 1,701,161,379 1,934,728,892 214,661,266 965,689,459 275,733,477 85,185 198,936 702,281,745 345,881,440 4,924,000 5,435,020 1,538,176,074 40,419,703 - - 159,421,909 300,877,445 11,767,034 24,044,781 6,565,420,100 2,672,528,358 1,951,677,725 244,946,292 2004 12 31 116,798,435 (2003 33,343,582 ) 1 8.268 662,529,948 (2003 325,199,330 ) 1 1.060 2004 12 31 56,620,037 (2003 260,486,819 ) 62,213,382 (2003 5,651,596 ) 28,619,435 (2003 0 ) 3,202,021 (2003 25,971,996 ) 2004 12 31 8,767,034 (2003 8,767,034 ) (3) (2003 0 ) 2,980,315,655 (2003 625,438,223 ) 2003 12 31 2004 12 31 3,892,891,742 ( 146%) 1,706,731,433 ( 697%) 2004 Thomson TTE TCL&Alcatel Mobile Phones Ltd. TTE TCL&Alcatel Mobile Phones Ltd. (1) (2) 48

2. 2003 12 31 2003 12 31-67,499,020 - - - - 89,138,886 - - - - - 4,000,000-4,000,000 (32,730,013) - - - 123,907,893 4,000,000-4,000,000 2004 12 31 34,769,007 89,138,886 2003 12 31 2004 12 31 1.5 TCL 2004 9 24 TCL TCL TTE Europe SAS 2004 12 3. 2003 12 31 2003 12 31 291,037,182 118,104,664 - - 1,275,171,489 2,954,319,165 220,032,651 402,874,400 1,566,208,671 3,072,423,829 220,032,651 402,874,400 49

3. 5% 2004 12 31 2003 12 31 2004 12 31 1,506,215,158 ( 49%) 2003 12 31 2004 12 31 182,841,749 ( 45%) 2004 TCL ( TCL ) 4. 2003 12 31 1 7,419,182,873 99.04% 108,153,189 1.46% 1,629,835,718 97.11% 45,507,905 2.79% 1 2 63,108,881 0.84% 48,407,805 76.71% 21,856,890 1.30% 3,618,294 16.55% 2 3 5,868,995 0.08% 4,334,522 73.85% 25,000,332 1.49% 22,293,777 89.17% 3 3,177,897 0.04% 2,414,852 75.99% 1,638,299 0.10% 1,638,299 100.00% 7,491,338,646 100% 163,310,368 2.18% 1,678,331,239 100% 73,058,275 4.35% 2003 12 31 1 350,394,207 99.26% - - 374,004,268 100% - - 1 2 2,617,673 0.74% - - 12,862 - - - 353,011,880 100% - - 374,017,130 100% - - 50

4. 73,058,275-90,040,099-19,178,103 - (4,585,854) - (13,902,355) - (477,900) 163,310,368-1,928,363,564 346,419,647 26% 98% 2004 12 31 5% 2003 12 31 5,813,007,407 ( 346%) Thomson TTE 51

5. 2003 12 31 1 1,593,157,320 94.32% 22,943,778 1.44% 882,870,979 85.48% 4,590,585 0.52% 1 2 50,085,402 2.97% 1,661,090 3.32% 89,005,929 8.62% 8,613,178 9.68% 2 3 11,675,242 0.69% 3,350,694 28.7% 24,717,878 2.39% 7,974,408 32.26% 3 34,253,536 2.02% 32,843,876 95.88% 36,222,005 3.51% 36,089,848 99.64% 1,689,171,500 100% 60,799,438 3.6% 1,032,816,791 100% 57,268,019 5.54% 2003 12 31 1 871,286,828 60.52% 2,718,175 0.31% 1,094,176,016 93.32% - - 1 2 561,205,030 38.98% - - 4,630,336 0.39% 157,808 3.41% 2 3 2,000 - - - 578,553 0.05% 28,553 4.94% 3 7,107,148 0.50% 2,757,280 38.80% 73,165,737 6.24% 17,589,501 24.04% 1,439,601,006 100% 5,475,455 0.38% 1,172,550,642 100% 17,775,862 1.52% 57,268,019 17,775,862 15,433,553-31,417,662 14,121,633 (4,425,219) - (26,989,877) (26,422,040) (11,904,700) - 60,799,438 5,475,455 791,535,725 1,139,121,816 47% 79% 5% 52

5. 2003 12 31 656,354,709 ( 64%) TCL ( ) 2003 12 31 267,050,364 ( 23%) 2004 6. 2003 12 31 2003 12 31 1 374,506,328 281,252,665 4,192,841-2004 12 31 5% 7. 2003 12 31 2003 12 31 2,845,327,598 1,476,628,706 66,548 85,477,447 517,867,015 302,253,755 - - 4,397,992,339 2,486,072,090 - - 29,015,971 6,260,849 131,000 185,058 7,790,202,923 4,271,215,400 197,548 85,662,505 (681,902,961) (216,553,191) - - 7,108,299,962 4,054,662,209 197,548 85,662,505 53

7. 216,553,191-232,589,248-366,811,667 - (55,454,793) - (54,226,054) - (24,370,298) - 681,902,961-2003 12 31 2004 12 31 3,518,987,523 82% 2003 12 31 2004 12 31 85,464,957 ( 100%) 2004 TCL 8. 2004 1 1 890,404 263,675 16,550,767 (14,670,310) (140,764) 2,893,772 1,573,966-12,674,010 (8,837,603) - 5,410,373 354,277-344,127 (522,094) - 176,310 607,703 237,912 1,540,946 (1,643,882) (76,329) 666,350-58,449,173 35,576,440 (22,100,111) - 71,925,502 8,521,142 492,378 83,259,582 (78,848,042) (89,695) 13,335,365 11,947,492 59,443,138 149,945,872 (126,622,042) (306,788) 94,407,672 2004 1 1 49,692 5,310 (24,802) 30,200 54

8. ( ) 2003 12 31 82,460,180 ( 690%) TCL & Alcatel Mobile Phones Ltd. 9. 2003 12 31 (i) - 4,289,408 (ii) 24,842,595 78,746,519 - (iii) 247,940,604 138,725,920 - (iv) 155,157,768 162,554,723 (vi) 495,108,993 880,487,910 (vii) 59,725,188 1,295,923 982,775,148 1,266,100,403 (viii) (32,423,732) (11,900,847) 950,351,416 1,254,199,556 2003 12 31 (ii) 7,957,371 1,184,071 - (iii) 153,199,872 106,109,116 - (v) 3,840,722,561 3,160,511,379 4,001,879,804 3,267,804,566 (viii) (553,344) (553,344) 4,001,326,460 3,267,251,222 55

9. (i) 2003 12 31 2003 12 31 - - - 4,289,408-8,312,806 (ii) 2004 2003 12 31 12 31 50 299,259,259 0.27% - 788,000 788,000 TCL 15 7,066,000 5% - 76,071 76,071 TCL 10 4,820,000 - - - 320,000 ( ) 10 84,508,938-8.1% 6,845,224 6,845,224 TCL 17,400,000-10% 1,740,000 1,740,000 Opta Corporation 64,244 - - - 61,827,224 15 38,680,000-1.55% 1,800,000 1,800,000 TCL ( ) 20 87,000,000 - - - 4,350,000 10 10,000,000-10% 1,000,000 1,000,000 3 55,000,000-6.54% 500,000 - ( ) 30 66,500,000-7.52% 5,000,000 - ( ) 20 12,000,000 7.14% - 7,093,300-24,842,595 78,746,519 2004 2003 12 31 12 31 50 299,259,259 0.27% 788,000 788,000 TCL 15 7,066,000 5% 76,071 76,071 TCL 10 4,820,000 - - 320,000 ( ) 20 12,000,000 7.14% 7,093,300-7,957,371 1,184,071 56

9. (iii) 2003 12 31 2004 12 31 ( ) 2003 12 31 2004 12 31 2004 12 31 2003 12 31 25 25,161,290 25,161,290-25,161,290 (14,715,553) 1,448,013 (13,267,540) (11,893,750) - 10,445,737 TCL 30 31,500,000-31,500,000 31,500,000 - (272,130) (272,130) - 31,227,870 - ( ) 50 6,380,000 21,950,692 5,796,000 27,746,692 29,818,047 13,617,337 43,435,384 (11,435,086) 59,746,990 51,768,739 20 1,605,000 1,605,000-1,605,000 343,515 27,478 370,993 (1,975,993) - 1,948,515 954,000 954,000-954,000 - - - - 954,000 954,000 15 16,000,000 16,000,000-16,000,000 (27,647) - (27,647) 27,647 16,000,000 15,972,353 Pride Telecom Limited 1,653,600 1,653,600-1,653,600 - - - - 1,653,600 1,653,600 TCL ( ) 20 33,120,000 23,797,634-23,797,634 4,124,653 18,302,725 22,427,378-46,225,012 27,922,287 10 5,400,000 5,400,000-5,400,000 11,261,309 1,477,500 12,738,809 (18,138,809) - 16,661,309 10 9,884,974 9,884,974-9,884,974 1,514,406 2,244,532 3,758,938-13,643,912 11,399,380 30 3,600,000-3,600,000 3,600,000 - - - - 3,600,000-7 316,470-316,470 316,470 - - - - 316,470-20 17,000,000-17,000,000 17,000,000 - (3,520,821) (3,520,821) (8,456,288) 5,022,891-60 160,000-160,000 160,000-34,968 34,968 (108,821) 86,147-10 2,331,467-2,331,467 2,331,467-1,224,545 1,224,545-3,556,012 - Opta Corporation 61,827,224-61,827,224 61,827,224 - - - 4,080,476 65,907,700-106,407,190 122,531,161 228,938,351 32,318,730 34,584,147 66,902,877 (47,900,624) 247,940,604 138,725,920 57

9. (iii) ( ) 2003 12 31 2004 12 31 2003 12 31 2004 12 31 2004 12 31 2003 12 31 ( 1) 25 25,161,290 25,161,290-25,161,290 (14,715,553) 1,448,013 (13,267,540) (11,893,750) - 10,445,737 TCL 30 31,500,000-31,500,000 31,500,000 - (272,130) (272,130) - 31,227,870 - ( ) 50 6,380,000 21,950,692 5,796,000 27,746,692 29,818,047 13,617,337 43,435,384 (11,435,086) 59,746,990 51,768,739 15 16,000,000 16,000,000-16,000,000 (27,647) - (27,647) 27,647 16,000,000 15,972,353 TCL ( ) 20 33,120,000 23,797,634-23,797,634 4,124,653 18,302,725 22,427,378-46,225,012 27,922,287 86,909,616 37,296,000 124,205,616 19,199,500 33,095,945 52,295,445 (23,301,189) 153,199,872 106,109,116 (iv) ( ) 2003 12 31 2004 12 31 2003 12 31 2004 12 31 2004 12 31 2003 12 31 TCL- 50 72,081,954 72,081,954-72,081,954 34,499,451 6,518,102 41,017,553 (14,290,639) 98,808,868 106,581,405 TCL Sun, Inc. 1,419,426 5,754,728-5,754,728 2,119,775 (618,668) 1,501,107 (471,719) 6,784,116 7,874,503 TCL Baron India Limited 9,441,680 9,441,680-9,441,680 (9,441,680) - (9,441,680) - - - 20 30,000,000 45,000,000-45,000,000 3,098,815 1,465,969 4,564,784-49,564,784 48,098,815 132,278,362-132,278,362 30,276,361 7,365,403 37,641,764 (14,762,358) 155,157,768 162,554,723 58

9. (v) ( ) 2003 2004 2003 2004 2004 2003 12 31 12 31 12 31 12 31 12 31 12 31 TCL ( )105,500 105,500-105,500 - - 2,254,353,209 122,639,618 2,376,992,827 535,336,472 2,912,434,799 2,254,458,709 TCL ( 1) 64,207,342 178,670,834-178,670,834 41,519,692-264,812,092-264,812,092 (443,482,926) - 485,002,618 TCL ( ) 6,000,000 10,000,000-10,000,000 - - 7,738,928 9,627,296 17,366,224 (5,448,655) 21,917,569 17,738,928 TCL ( 2) 74,911,201 74,911,201-74,911,201 - - 12,821,321 3,218,655 16,039,976 (90,951,177) - 87,732,522 TCL 2,030,000 22,000,000 99,815,814 121,815,814-9,674,977 6,364,839 8,634,635 14,999,474 860,771 147,351,036 28,364,839 30,000,000 30,000,000-30,000,000 - - (12,798,546) 47,072 (12,751,474) - 17,248,526 17,201,454 TCL 5,000,000 5,000,000 11,755,929 16,755,929 - - (297,629) - (297,629) - 16,458,300 4,702,371 TCL ( ) 553,344 553,344-553,344 - - - - - - 553,344 553,344 TCL ( ) 2,000,000 2,000,000-2,000,000 - - 2,434,392 1,233,446 3,667,838-5,667,838 4,434,392 TCL ( ) 24,000,000 24,000,000-24,000,000 - - (8,937,572) 13,679,068 4,741,496 1,318,295 30,059,791 15,062,428 TCL 15,300,000 3,782,701-3,782,701 47,533,231 41,771,627 36,664,494 1,917,528 38,582,022 14,698 84,151,048 87,980,426 TCL ( ) 42,217,800 39,946,266-39,946,266 - - (8,738,894) 1,971,201 (6,767,693) - 33,178,573 31,207,372 TCL ( ) 3,500,000 3,888,699-3,888,699 - - 61,161 (3,385,493) (3,324,332) - 564,367 3,949,860 TCL ( 3) 2,632,208 2,632,208-2,632,208 - - 345,526 (590,361) (244,835) (2,387,373) - 2,977,734 6,092,434 86,603,997-86,603,997 15,856,642 14,244,102 5,227,068 21,126,155 26,353,223 1,397,492 128,598,814 107,687,707 TCL 3,000,000 11,000,000-11,000,000 - - 456,675 4,780,121 5,236,796-16,236,796 11,456,675 TCL ( ) ( 1) 79,500,000-79,500,000 79,500,000 - - - 7,725,342 7,725,342 531,113 87,756,455 - TCL ( 1) 88,359,837-88,359,837 88,359,837 - - - - - (88,359,837) - - TCL ( 1) 75,676,292-75,676,292 75,676,292 - - - 7,756,303 7,756,303 (28,987,162) 54,445,433 - ( 4) 32,068,564-38,763,307 38,763,307-16,151,301-29,560,803 29,560,803 (84,475,411) - - 59

9. (v) 2003 2004 12 31 12 31 ( 4) 2,500,000-2,500,000 2,500,000 ( ) 2003 12 31 2004 12 31 2004 12 31 2003 12 31 - - - - - (2,500,000) - - 10,001,779-30,000,000 30,000,000 - - - - - 5,338 30,005,338 - TCL ( ) 54,582,000-54,582,000 54,582,000 - - - - - - 54,582,000 - TCL ( ) 24,000,000-24,000,000 24,000,000 - - - (675,852) (675,852) - 23,324,148 - TCL ( ) 37,500,000-37,500,000 37,500,000 - - - (886,910) (886,910) - 36,613,090 - TCL 64,000,000-64,000,000 64,000,000 - - - 555,006 555,006-64,555,006 - TCL 75,000,000-75,000,000 75,000,000 - - - 20,290 20,290-75,020,290-495,094,750 681,453,179 1,176,547,929 104,909,565 81,842,007 2,560,507,064 228,953,923 2,789,460,987 (207,128,362) 3,840,722,561 3,160,511,379 60

61 9. (v) ( ) 1 2004 1 2 [2004]1 2004 1 7 590,000,000 TCL 404,395,944 (A ) TCL 56.70% TCL 21.15 4.26 TCL 404,395,944 TCL TCL TCL TCL 1 13 TCL TCL TCL TCL TCL ( ) TCL (BVI) 2004 3 15 TCL TCL 36% 141,797,600 2004 5 21 TCL (BVI) 2 2004 TCL (BVI) TCL 85% 2004 7 31 TCL (BVI) 3 [2004]541 TCL 2004 11 25 4 2004 TCL 85.38% 2004 10 31 TCL

9. (vi) 2004 12 31 2003 12 31 TCL 6,353,376 1 10 2,541,350 - - 2,541,350 TCL 7,113,938 2 10 3,556,969 - - 3,556,969 TCL 21,786,637 3 10 10,893,318 - - 10,893,318 TCL 9,351,287 4 10 5,610,772 - - 5,610,772 2,933,322 5 10 293,332-1,466,662 1,759,994 TCL (Vietnam) Corporation Ltd. 1,946,559 6 10 194,656-1,167,935 1,362,591 309,765 7 10 30,977-185,858 216,835 TCL 3,185,119 8 10 232,691 1,996,892-2,229,583 TCL 20,425,125 9 10 2,042,513-10,212,560 12,255,073 TCL 11,418,581 10 10 1,141,858-6,851,149 7,993,007 TCL (5,409,407) 11 10 (540,941) - (3,786,584) (4,327,525) TCL 39,130,301 12 10 3,913,030-27,391,211 31,304,241 TCL (55,557,474) 13 10 (2,777,874) (36,112,359) - (38,890,233) TCL 856,648,022 14 10 60,760,437 658,149,348-718,909,785 TCL 28,017,467 15 10 2,801,747-21,013,100 23,814,847 TCL 57,616,038 16 10 5,761,604-41,771,627 47,533,231 TCL 8,952,033 17 10 895,203-7,161,627 8,056,830 16,125,399 18 10 1,612,540-14,244,102 15,856,642 TCL 30,838,552 19 10 29,810,600 - - 29,810,600 TCL 36,258,648 20 10 3,625,865-32,632,783 - TCL 10,184,186 21 10 509,210-9,674,976-17,001,370 22 10 850,069-16,151,301 - TCL ( )9,265,687 23 10-9,265,687 - - TCL 316,893,011 24 10 7,922,325-308,970,686 - TCL & Alcatel Mobile Phones, S. A. de C.V. 7,571,133 25 1 7,571,133 - - - 149,253,384 633,299,56 8 495,108,993 880,487,910 1. 1997 4 15 TCL 2,640,000 13,314,000 TCL 6.45% TCL ( 6,353,376 ) TCL 2004 1 13 2. 1998 TCL 2,568,858, 15,413,148, TCL 6.74% TCL ( 7,113,938 ) TCL 2004 1 13 62

9. (vi) 3. TCL TCL 1998 TCL 7,867,200 47,203,200 TCL 25% TCL ( 21,786,637 ) TCL 2004 1 13 4. 1999 3 TCL 18,231,675 45,624,195 TCL 16.43% TCL ( 9,351,287 ) TCL 2004 1 13 5. TCL ( ) 1999 6 ( )100% 109,090,909 100% ( 2,933,322 ) 6. TCL TCL 2000 11 TCL (Vietnam) Corporation Ltd. ( TCL Vietnam ) 100% 10,690,000 TCL Vietnam 100% TCL Vietnam ( 1,946,559 ) 7. TCL TCL (BVI) 2000 7 ( )20% 1,000,000 TCL (BVI) ( )20% ( ) TCL (BVI) ( 309,765 ) 63

64 9. (vi) 8. TCL TCL TCL (BVI) 2000 7 TCL 20% 15,560,000 TCL (BVI) TCL 20% TCL TCL (BVI) ( 3,185,119 ) 2004 TCL (BVI) TCL TCL 2004 9 24 TCL TCL 9. TCL 1999 8 TCL ( TCL )50% 3,500,000 TCL TCL 50% TCL TCL ( 20,425,125 ) 10. TCL 2000 TCL 19,220,000 29,871,859 TCL TCL 51.82% TCL TCL ( 11,418,581 ), 11. TCL 2001 TCL 32,556,000 30,607,722 TCL TCL 55.15% TCL TCL ( -5,409,407 ), 12. TCL TCL TCL (BVI) TCL TCL 2000 TCL TCL 1.78 105,619,289 TCL TCL 53.86% TCL TCL ( 39,130,301 )

65 9. (vi) 13. TCL 2000 8 ( ) TCL 4,200,000 60,000,000 TCL TCL ( ) TCL TCL ( )70% TCL ( ) TCL ( -55,557,474 ) TCL 2004 5 28 TCL TCL TCL (BVI) TCL 105,746,433 TCL (BVI) TCL ( ) 14. TCL TCL TCL (BVI) 2002 1 21 2002 11 7 Jasper Ace TCL 10% 13.8% 300,000,000 811,440,000 TCL 856,648,022 2004 9 24 TCL TCL (BVI) TCL 40.8% 15. TCL 2002 TCL 39,610,000 76,719,045 TCL TCL 54.15% TCL TCL ( 28,017,467 ) 16. 2002 4 12 61,398,739 TCL ( TCL ) 49% TCL 49% TCL ( 57,616,038 )

66 9. (vi) 17. TCL 2003 TCL 37,080,000 62,304,820 TCL TCL 54.51% TCL TCL ( 8,952,033 ) 18. 2003 10 12 89,594,500 57.86% 75% ( 16,125,399 ) 19. 2003 8 TCL 28,723,117 145,302,042 TCL 56.7% TCL ( 30,838,552 ) TCL 2004 1 20. TCL 2004 TCL 50,436,000 126,814,012 TCL TCL 54.83% TCL TCL ( 36,258,648 ) 21. TCL ( TCL )2004 6 34,531,637 100,000,000 TCL 20% 110,000,000 TCL 80% TCL ( 10,184,186 ) 22. 2004 30,603,587 19.66% 85.38% ( 17,001,370 )

9. (vi) 23. TCL TCL ( ) (BVI) ( TCL ) 2004 2 5,604,010 Opta Corportation 50% TCL ( ) TCL ( )55% TCL ( ) TCL ( 9,265,687 ) TCL ( ) TCL 2004 12 31 TCL ( ) 24. TCL 2004 9 1,510,016,021 TCL 57.4% TCL 57.4% TCL TCL ( 316,893,011 ) 25. TCL TCL TCL- ( TCL- ) 2004 8 24 TCL & Alcatel Mobile Phones, S. A. de C.V.( TCL & Alcatel Mobile Phones, S.A. de C.V. ) 100 33,530 TCL- & Alcatel Mobile Phones, S. A. de C.V. 100% TCL & Alcatel Mobile Phones, S. A. de C.V. TCL- ( 7,571,133 ) 67

9. (vii) 2003 12 31 2004 12 31 ( ) 2003 2004 2004 2003 12 31 12 31 12 31 12 31 TCL 553,344-553,344 - - - - 553,344 553,344 TCL 20 3,750,000-3,750,000 (3,750,000) - (3,750,000) - - - - - - - - - 20,373,163 20,373,163 - TCL 20 8,111,740-8,111,740 (7,369,161) - (7,369,161) - 742,579 742,579 TCL 20 7,500,000-7,500,000 (7,500,000) - (7,500,000) - - - ( ) - 1,233,882 1,233,882 - (69,606) (69,606) - 1,164,276 - TCL ( ) 20-46,333,955 46,333,955 - (13,792,129) (13,792,129) 4,350,000 36,891,826-19,915,084 47,567,837 67,482,921 (18,619,161) (13,861,735) (32,480,896) 24,723,163 59,725,188 1,295,923 68

9. (viii) 2003 12 31 149,722-3 TCL ( ) 553,344 553,344 1 TCL 1,740,000 1,740,000 2 954,000 954,000 1 ( ) 6,845,224 6,845,224 1 TCL 742,579 742,579 2 Pride Telecom Limited 1,065,700 1,065,700 3 20,373,163-4 32,423,732 11,900,847 2003 12 31 TCL ( ) 553,344 553,344 1 1. 2. 3. 4. 69

10. : 2004 1 1 873,329,098 259,393,486 1,099,344,057 321,976,679 109,589,395 2,663,632,715 601,335,973 9,968,171 964,924,584 167,119,414 15,026,769 1,758,374,911 126,896,319 1,281,171 444,821,036 98,422,624 32,005,890 703,427,040 343,658,452 3,600,000 140,729,380 33,787,416 49,229 521,824,477 (17,825,520) - (27,086,918) (16,280,569) (7,418,826) (68,611,833) (56,199,167) (145,304,567) (55,816,916) (31,941,716) (27,402,713) (316,665,079) 1,871,195,155 128,938,261 2,566,915,223 573,083,848 121,849,744 5,261,982,231 : 2004 1 1 191,987,416 155,888,020 457,130,163 182,801,625 60,922,301 1,048,729,525 114,756,881 6,967,933 391,676,459 46,456,066 6,381,072 566,238,411 51,024,204 65,768,755 259,179,666 84,293,656 17,765,836 478,032,117 (996,617) - (24,219,182) (11,417,149) (4,902,316) (41,535,264) (3,218,694) (142,638,770) (33,873,021) (20,706,167) (18,939,053) (219,375,705) 353,553,190 85,985,938 1,049,894,085 281,428,031 61,227,840 1,832,089,084 : 1,517,641,965 42,952,323 1,517,021,138 291,655,817 60,621,904 3,429,893,147 2003 12 31 681,341,682 103,505,466 642,213,894 139,175,054 48,667,094 1,614,903,190 70

10. : 2004 1 1 17,833,889 155,247,006 15,236,787 10,811,189 199,128,871 345,600-1,520,027 2,073,700 3,939,327 - - (423,566) (2,700,800) (3,124,366) 18,179,489 155,247,006 16,333,248 10,184,089 199,943,832 : 2004 1 1 13,244,050 49,651,945 10,048,194 7,285,502 80,229,691 842,648 9,285,010 1,657,385 1,308,413 13,093,456 - - (362,120) (2,697,454) (3,059,574) 14,086,698 58,936,955 11,343,459 5,896,461 90,263,573 : 4,092,791 96,310,051 4,989,789 4,287,628 109,680,259 2003 12 31 4,589,839 105,595,061 5,188,593 3,525,687 118,899,180 32,897,073-615,744 - (5,666,972) - (8,292,329) - 19,553,516 - (26) 2003 12 31 2,598,349,516 ( 98%) 2004 TCL 71

11. / TCL 300,000,000 167,640,338 132,359,662 (300,000,000) - - - - 100% 280,000,000-10,462,626 - - - 10,462,626 4% 54,172,357 8,603,346 33,739 (8,246,519) - - (390,566) - 100% 28,330,653-11,139,820 (933,665) - - - 10,206,155 39% 71,650,000-72,546,190 - - - (17,756) 72,528,434 100% 244,460,000-78,250,745 - - - - 78,250,745 32% 55,000,000-54,200,379 - - - - 54,200,379 98% 62,000,000 554,158 35,690,939 (9,430,572) - (129,251) (9,289) 26,675,985 58% 31,872,380 4,136,898 20,000,976 (2,109,513) - - - 22,028,361 76% 20,834,867 1,523,289 15,447,801 (9,125,639) - - (535,626) 7,309,825 81% 32,000,000-28,379,283 (24,225,849) - - - 4,153,434 89% 310,000,000-187,499,490 (50,121,961) - - - 137,377,529 75% 16,251,486 123,615,783 (117,630,759) 1,194,763 (1,562,181) (675,484) 21,193,608 198,709,515 769,627,433 (521,824,477) 1,194,763 (1,691,432) (1,628,721) 444,387,081 (175,000) - 198,534,515 444,387,081 / - 4,222,484 - - - - 4,222,484-1,471,535 - - - - 1,471,535 175,000 - - - - (175,000) - - 798,660 - - - - 798,660-2,268,945 - - - - 2,268,945 175,000 8,761,624 - - - (175,000) 8,761,624 (175,000) - - 8,761,624 175,000 175,000 - - (175,000) (175,000) - - 72

12. 2004 1 1 2004 12 31 208,610,417 14,956,684 194,944,762 1,366,197-12,737,933 (10,083,688) (5,311,471) 193,653,733 / 3,917,077 1,022,123 4,412,622 - - 327,212 (958,123) (886,757) 2,894,954 63,481,936 7,479,501 31,788,876 24,920,686-3,419,181 (4,126,308) - 56,002,435 44,641,670 15,468,039 137,005 21,545,032 1,691,432 16,816,162 (11,016,000) - 29,173,631 320,651,100 38,926,347 231,283,265 47,831,915 1,691,432 33,300,488 (26,184,119) (6,198,228) 281,724,753 2004 1 1 2004 12 31 107,682,061 13,734,775 101,298,113 - (5,145,121) (2,205,703) 93,947,289 - - 2,546,044 - - - - - 2,546,044-10 13. 2004 1 1 2004 12 31 13,796,165 349,203 (4,332,823) 9,812,545 4,486,877 8,341,825 (6,647,195) 6,181,507 18,283,042 8,691,028 (10,980,018) 15,994,052 73

13. ( ) 2004 1 1 2004 12 31 988,710 627,826 (229,033) 1,387,503 14. 2003 12 31 2003 12 31 657,590,216 - - - 178,478,560 - - - 3,628,536 - - - 839,697,312 - - - Thomson 2004 1 29 TTE TTE 7.2 ( 7,000 ) Thomson Thomson TTE TTE Thomson Thomson TTE TTE 1 800 ( ) Thomson 800 ( ) Thomson TTE 1,600 ( 1.78 ) Thomson 74

15. 2003 12 31 2003 12 31 300,000,000 120,000,000 300,000,000 100,000,000 456,593,387 71,090,000-70,000,000 1,012,714,203 1,103,953,396 271,554,500 1,043,529,212 1,769,307,590 1,295,043,396 571,554,500 1,213,529,212 25,014,780 ( 206,822,210 ) 22,391,162 ( 249,771,177 ) 11 100,000,000 200,000,000 2003 12 31 2004 12 31 474,264,194 ( 37%) Thomson TTE TTE (1) 2003 12 31 641,974,712 ( 53%) 16. 2003 12 31 1,897,136,544 1,906,211,249 305,381,925 380,236,297 2,202,518,469 2,286,447,546 2004 12 31 5% 75

17. 2003 12 31 1 8,456,168,701 99.38% 3,465,692,908 99.33% 1 2 38,603,392 0.45% 18,710,288 0.54% 2 3 6,038,258 0.07% 261,465 0.01% 3 7,699,340 0.1% 4,256,338 0.12% 8,508,509,691 100% 3,488,920,999 100% 2003 12 31 1 317,470,592 99.16% 576,925,284 99.90% 1 2 2,699,443 0.84% 562,483 0.10% 320,170,035 100% 577,487,767 100% 2004 12 31 5% 2003 12 31 5,019,588,692 ( 144%) Thomson TTE 18. 2004 12 31 5% 19. 2003 12 31 369,839,529 ( 197%) Thomson TTE TTE (1) 76

20. 2003 12 31 2003 12 31 23 48,477,431 23 47,778,624 18,074,687 41,056,354 17,862,921 40,285,542 / 30,311,008 102,341,697 23,151,858 96,721,657 1,594,845 899,958 1,560,840-49,980,563 192,775,440 42,575,642 184,785,823 2003 12 31 142,794,877 ( 74%) 142,210,181 ( 77%) 21. 2003 12 31 2003 12 31 (275,224,693) (1,131,191) 321,790 (1,154,308) 5,148,557 1,242,027 581,239 99,113 133,726,870 60,774,450 (999,539) (999,539) 63,485,107 (273,985) 11,568,939 (2,938,072) (72,864,159) 60,611,301 11,472,429 (4,992,806) 13,404,063 29,326,043 2003 12 31 133,475,460 ( 220%) 2004 12 22. 77

23. 2004 12 31 2003 12 31 2004 12 31 2003 12 31 1 1,149,000,283 94.85% 615,709,739 77.71% 900,999,405 92.17% 801,068,322 91.52% 1 3 39,172,279 3.23% 148,747,892 18.77% 70,099,452 7.17% 67,679,831 7.73% 2 3 10,477,692 0.86% 15,733,175 1.99% - - 3,311,660 0.38% 3 12,809,590 1.06% 12,089,345 1.53% 6,464,530 0.66% 3,228,253 0.37% 1,211,459,844 100% 792,280,151 100% 977,563,387 100% 875,288,066 100% 5% 24. 2004 12 31 2003 12 31 2004 12 31 2003 12 31 4,067,103 7,316,837 - - 8,476,160 1,615,832 - - 75,030,056 23,900,876 - - 2,285,881 11,597,356 - - 76,917,884 7,647,458 - - 841,117,265 - - - 448,942,898 26,814,713 - - 31,116,848 8,351,210 1,500,000 1,520,000 8,868,890 1,735,329 - - 8,173,332 585,437 - - 8,470,492 10,813,984 - - 5,567,407 2,018,889 - - 48,473,483 2,946,145 - - 128,507,328 27,872,107 8,673 5,025 1,696,015,027 133,216,173 1,508,673 1,525,025 78

24. ( ) 2003 12 31 1,562,798,854 ( 1173%) 25. 2004 12 31 2003 12 31 2004 12 31 2003 12 31 26 935,140,078 199,764,707 697,091,800 100,000,000 28-3,598,296 - - - - - - 935,140,078 203,363,003 697,091,800 100,000,000 TCL 2005 1.5-2 79

26. 2003 12 31 - - 427,000,000 427,000,000 36,000,000 298,044,000 12,000,000 99,358,800 376,470,588 399,058,824 6,013,341 6,013,341 5,873,692 5,873,691 142,981,220 1,182,168,718 1,630,528 1,728,360 87,125,966 976,994,166 48,200,000 399,047,800 932,352,941 988,294,118 3,850,562,143 933,019,675 (935,140,078) (199,764,707) 2,915,422,065 733,254,968 2003 12 31 - - 427,000,000 427,000,000 36,000,000 298,044,000 12,000,000 99,358,800 48,200,000 399,047,800 697,091,800 526,358,800 (697,091,800) (100,000,000) - 426,358,800 6,013,341 12,940,000 108,000,000 ( 892,944,000 ) 55,749,128 ( 626,988,142 ) TCL 34,981,220 ( 289,224,718 ) 31,376,838 ( 350,006,024 ) (15) 36,000,000 ( 298,044,000 ) 2003 12 31 2,182,167,097 ( 298%) TCL 2004 11 14.89 ( 180,000,000 ) 80

27. 2004 12 31 2003 12 31 2002 11 8 271,360,000 8,072,932 20,808,469 8,321,775 19,451,669 272,716,800 369,425,643 TCL 2002 11 8 350,000,000 3% 10,000,000 2.556 18 TCL 30 20 130% TCL ( 10,000,000 ) 100% ( ) TCL 2003 8 22 10,000,000 10,000 2004 1 12 91,000,000 2.556 35,602,504 100,156,495 TCL 3.63% TCL 3.50% 28. 2004 12 31 2003 12 31-2,472,486 84,196,065 12,488,169 84,196,065-3-10 (3,598,296) 84,196,065 11,362,359 2004 12 31 2003 12 31 5,600,000 5,600,000 5,600,000-10 TCL 1% 81