i

Yi Hua Department Store Holdings Limited (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) 1933 (k)

i

18 Euromonitor 2012 13 279,770 18 AAA 1

20102012 2012 12 312013 5 31 678.9302.4 42.612.3 2014 20142015 13 13 1 2 3 1995 48,121 188 2008 9 1 2027 4 30 188 2008 9 1 2027 4 30 42 2013 3 12 2017 5 31 42 2013 3 12 2017 5 31 C C 2

1 2 3 19 2013 3 12 2014 12 31 4 C 10 2012 9 12022 8 31 C 19 2013 3 20 2014 12 31 4 C 2006 14,789 126 2006 7 1 2018 12 31 115 2006 7 1 2017 11 30 5 10 2010 1 1 2019 12 31 C 2003 17,647 151 2003 4 1 2018 4 30 63 2012 2 1 2018 4 30 62 2012 3 1 2018 4 30 47 2013 10 1 2018 4 30 2004 56,910 171 2006 6 16 2023 7 25 10 2009 9 17 2019 9 16 2008 30,006 155 2008 9 10 2024 2 28 C C 2013 17,432 156 2012 10 20 2028 4 18 2013 8,480 10 2013 2 52023 2 4 2013 14,967 20 2013 5 12033 4 30 3

1 2 3 2013 13,800 12 2013 1 12024 12 31 2013 46,093 [15 2013 7 12028 6 30 15 2013 7 12028 6 30] 2010 3,689 15 2010 9 12 2025 9 30 2011 6,966 15 2011 6 1 2026 5 31 2012 870 28 2012 5 1 2014 12 31 C 1 2 3 C 4 5 2,497 901 1,8885011,0632014 12 31 (a)(b) 5 2014 2014 2015 4

(a) (b) (c) (i) (ii) (iii) 2013 5

12 31 5 31 2010 2011 2012 2013 5,941 231,852 179,029 416,822 12.3% 3,500 277,349 194,365 475,214 14.9% 6,204 266,186 146,943 419,333 16.0% 4,590 114,814 62,706 182,110 16.3% 132,009 7,130 7,333 146,472 100% 167,146 11,791 10,296 189,233 100% 181,441 15,569 11,845 208,855 100% 85,927 4,896 5,356 96,179 100% 27,972 2,044 2,799 32,815 100% 30,938 2,179 4,023 37,140 100% 28,397 6,031 4,479 38,907 100% 13,007 3,290 1,393 251 17,941 100% 6,352 2,185 558 9,095 100% 9,775 2,505 1,219 13,499 100% 7,725 2,564 1,492 11,781 100% 2,913 1,830 900 526 6,169 100% 172,274 243,211 189,719 605,204 39.6% 211,359 293,824 209,903 715,086 43.5% 223,767 290,350 164,759 678,876 48.1% 106,437 124,830 70,355 777 302,399 49.6% 97.7% 19.7% 13.1% 39.6% 98.8% 21.7% 18.1% 43.5% 97.9% 23.8% 23.5% 48.1% 96.5% 24.5% 22.6% 100% 49.6% 6

(i) (ii)(iii) (iv) 20112012(i)(ii) 2013 5 31 2012 5 31(i) (ii) (iii) 2011(i) (ii)20121.2% 2013 5 312012 5 310.4% (i) (ii) 2011(i) 2011 (ii)2012 (i) 20112011 (ii) 2013 5 312012 5 31 1.2% 20112012 2012 2011 2012 7

201012.3%201114.9% 201216.0% 2013 5 312012 5 31 12 31 5 31 2010 2011 2012 2013 % % % % 605,204 100.0% 715,086 100.0% 678,876 100.0% 302,399 100.0% 239,808 39.6% 310,773 43.5% 326,686 48.1% 149,888 49.6% 45,665 7.5% 68,300 9.6% 58,686 8.6% 19,277 6.4% 30,530 5.0% 49,167 6.9% 43,643 6.4% 13,562 4.5% 31,208 5.2% 49,189 6.9% 42,565 6.3% 12,304 4.1% 8

12 31 5 31 2010 2011 2012 2013 122,141 121,332 140,141 169,683 374,024 487,921 514,666 414,580 495,515 538,999 556,575 451,155 (121,491) (51,078) (41,909) (36,575) 4,771 25,208 9,543 30,857 (4,121) 45,046 88,689 102,251 2012 12 31 605.2715.1678.9 5.9%2012 12 31239.8 310.8326.716.7% 2013 5 31302.4 149.9 2011 12 3161.0% 2012 12 31 11.2% 2013 5 31 2012 5 313.6%43.0% (i) (ii) (iii) 201020112012 12 312013 5 31 (1) (2) (i) (ii) 201020112012 12 312013 5 31 9

(i) (ii) 2013 3 292013 6 6 10

VIP 2013 8 31 165.380.8 2013 2014 201020112012 12 31 2013 5 31 48.766.272.438.2 8.1%9.3%10.7%12.6% 2010 20112012 12 312013 5 31 201020112012 12 31 2013 5 31 253.8331360.5 416.8 11

2013 5 31 2013 5 31 Jaguar Asian[57.81]% [50.27]%Jaguar Asian (i) (ii)2010 20112012 12 312013 5 31 121.551.141.936.6 20112012 12 312013 5 31202.1%53.1% 49.5% 12

1998 11 18 60% 40% 2013 2000 7 21 2009 6 10% 13

59 2012 11 75 2005 10 2012 32 2012 4 20 Jaguar Asian 14

Eaglepass Developments EAGLEPASS DEVELOPMENTS LIMITED 2000 6 14 15.66% 84.34% 2007 3 16 2008 1 1 2007 11 28 2008 1 1 Euromonitor Euromonitor International Asia (Pte) Ltd. 2000 7 7 2013 5 28 15

1998 4 24 1994 10 24 2006 3 10 60% 10% 10% 10% 10% 2006 3 29 2004 12 30 16

1994 5 3 Jaguar Asian JAGUAR ASIAN LIMITED2000 7 4 2004 8 24 2007 6 22 2013 11 12 2000 10 16 2012 12 13 17

2006 8 8 2006 9 8 2009 6 22 Mentor Asia Mentor Asia Limited2000 6 15 18

2003 10 16 90% 10% 19

2006 9 28 59% 41% 2011 3 9 2007 8 3 59% 41% 0.01 D. 1. 2003 8 12 90% 10% 20

1994 8 19 60% 20% 20% 2012 12 10 2012 11 9 2012 12 31 2013 5 31 21

2012 9 28 2013 1 28 2013 5 6 2002 10 29 49.6% 28.22% 11.09% 11.09% 2012 12 11 2013 5 23 66.33% 9.62% 9.62% 4.81% 4.81% 4.81% 2013 6 5 22

2003 4 1 2012 9 11 % 1.00[7.7523] [0.7863]1.00 23

24

25

26

27 13 20142015

28

2010 20112012 12 31 2013 5 31 48.766.2 72.438.2 8.1%9.3%10.7% 12.6% 201020112012 12 312013 5 31 2010 20112012 12 312013 5 31 253.8331 360.5416.8 36 2613 26 2014 6 2013 12 29

Yihua Department Store Yihua Department Store B.2. Yihua Yihua Yihua 13 201020112012 12 31 2013 5 31 605.2715.1 678.9302.4 30

VIP VIPVIPVIPVIP VIP2013 5 31VIP 110,704VIP8,814VIP2,238 201020112012 12 31 2013 5 31 VIP538.8698.5 586.0271.3 34.4% 36.2%30.8%30.2%VIPVIP VIP VIP 31

2013 12 31 2013 12 31 32

2009 2009 6 2010 1 1 2010 6 1 2011 12 31 33

18 2013 9 302,085 2011 12 31 2007 6 292008 1 1 19942012 4 2012 1 12012 3 31 34

20102011 2012 12 312013 5 31 8.0%8.1%11.2%12.7% 201020112012 12 312013 5 31 79.7100.193.879.4 16.1%16.4%14.3%13.6%2010 20112012 12 31 2013 5 31 78.481.2100.585.7 35

36

31,600 10,600 30,000 14,7896,590 2013 6 37

(i)(ii) (iii) (iv) (v)(vi)(vii)122 (ii) (iii) (iv) 2012 3 38

13 13 30 1,00010,000 3612 120,000 201020112012 12 31 2013 5 31 20.050.0 6.03%4.85%9.00% 201020112012 12 31 2013 5 31 1.92.9 1.0 39

(i)1 5(ii)2011 9 1 1.99.6 2011 6 30 2004 8 24 2012 12 31 2012 3 2012 4 2012 42012 1 12012 3 31 2012 4 40

2012 4 (i) (ii) 2010 1 12010 12 31 2011 1 (iii) 2012 1 1 (a) (i) (b) (ii)2011 1 (c) (iii) 2012 2011 20102011 41

2010 12 3132.5 2011 12 3150.3 2012 12 3142.5 15.5%2012 5 3123.5 2013 5 3112.746.0% 2011 2013 5 31 201020112012 12 312013 5 31 121.551.141.9 36.6 2011 12 31 202.1% 2011 50.02012 12 312013 5 31 53.1%49.5% 2013 5 31 7.9284 42

43

2012 2.6% H1N1 H1N1 H7N9 H7N9H5N1 44

45

1979 2006 9 8 2009 6 22 (i) (ii) 46

19941994 2005 7 21 2005 7 21 2%2005 9 23 1.5%3.0% 2010 6 20 10% 10% 2008 1 1 47

25%2008 1 1 25% 2010 12 31 2009 12 10 2008 1 1 698 (i)12.5%(ii) 10% 698 48

2005 102005 11 11 7575 30 75 7559 2012 4 24 2012 5 29 75 2013 7 1 2013 7 5 Eaglepass Developments 49

75597559 75 2006 12 25 2007 1 5 7 7 50

2006 7 14 51

52 130 23 501 7 1 201 5 501 H 1003 6 1 C 601

34 1104 23 5 19 B 53

Clifton House 75 Fort Street P.O. Box 1350 Grand Cayman KY1-1108 Cayman Islands [ ] CPA 23 501 CPA 706 54

92 1 1 6 B 5-6 16 55

9 www.yihua.com.cn 56

Euromonitor 2013 1 2012 Euromonitor2013 2 Euromonitor Euromonitor EuromonitorEuromonitor Euromonitor1,900 EuromonitorEuromonitor41,000 (a) (b) (c) (i)(ii)(iii) 2013 Euromonitor Euromonitor 2012 57

Euromonitor 1972 Euromonitor EuromonitorEuromonitor Euromonitor Euromonitor Euromonitor Euromonitor Euromonitor 58

Euromonitor Euromonitor Euromonitor Euromonitor Euromonitor Euromonitor Euromonitor 59

20072012 20072012 2007 2008 2009 2010 2011 2012 3,178 3,680 3,948 4,601 5,321 5,700 33,272 37,638 39,436 44,736 50,807 54,000 17,699 19,733 21,575 23,898 26,897 30,227 26,581 31,405 34,090 40,151 47,288 51,932 20,169 23,708 25,608 30,015 35,181 38,354 13,786 15,781 17,175 19,109 21,810 24,565 20132015 20132015 2013 2014 2015 6,317 6,975 7,685 8.0% 7.6% 7.3% 56,878 65,075 70,126 8.2% 8.0% 7.2% EuromonitorEuromonitorEuromonitor Euromonitor 2012 14.8% 60

Euromonitor2012 2012 2011 2012 10% 20129% 20072012 2007 2008 2009 2010 2011 2012 53.8 60.1 66.4 77.4 89.1 99.9 443 447 458 490 521 543 9,264.9 10,062.6 10,715.5 11,402.0 12,065.6 12,730.1 2007 2008 2009 2010 2011 2012 498.6 571.3 636.5 748.7 868.3 996.8 6.1 6.4 6.6 7.1 7.6 8.1 7,939.1 8,617.3 9,176.5 9,764.3 10,332.6 10,901.8 Euromonitor 61

Euromonitor 2013 2014 2015 2016 2017 108.7 117.6 126.9 136.3 145.8 563 582 600 618 637 13,079.6 13,417.7 13,755.2 14,032.8 14,270.1 2013 2014 2015 2016 2017 1,135.6 1,286.7 1,452.6 1,630.8 1,821.2 8.6 9.1 9.5 9.9 10.4 11,477.4 12,073.6 12,713.7 13,364.4 14,039.4 Euromonitor Euromonitor 20102012 20102012 2010 2011 2012 % % % 1 11.0 12.1 11.6 2 7.0 6.5 4.6 3 4.2 4.4 4.1 4 4.1 4.5 4.0 5 3.2 3.2 3.2 6 1.0 1.1 1.0 7 1.0 0.9 0.9 8 1.1 1.1 0.7 9 0.6 0.6 0.7 10 0.7 0.5 0.5 66.0 65.0 68.7 100.0 100.0 100.0 Euromonitor 62

2010 2011 2012 % % % 1.8 2.1 2.0 1.9 1.9 1.8 1.8 1.9 1.7 1.5 1.7 1.7 1.6 1.6 1.5 1.2 1.3 1.4 1.2 1.3 1.3 1.0 1.3 1.2 1.0 1.2 1.1 0.6 0.8 1.0 0.9 1.0 1.0 0.8 0.9 0.9 0.8 0.8 0.8 0.7 0.8 0.7 0.8 0.8 0.7 0.6 0.7 0.7 0.6 0.6 0.5 0.5 0.5 0.5 0.4 0.5 0.4 0.5 0.5 0.4 79.9 78.0 78.5 100.0 100.0 100.0 Euromonitor Euromonitor 201214.7% 2012 12 31 1.0% 0.1% Euromonitor 12.5% 63

Euromonitor Euromonitor 201020112012 44.7% 45.5% 46.4% Euromonitor 38.5% 20128.2%(i) (ii)(iii) (iv) (v) 2012 2011 64

2012 73% 46% 2012 10% 2011201240% 39% 201142%201241% 201295% 20072012 2007 2008 2009 2010 2011 2012 288.6 309.6 327.8 356.4 388.1 410.4 123.1 133.9 143.8 159.4 176.5 190.4 2007 2008 2009 2010 2011 2012 2,466.7 2,737.8 2,920.2 3,205.4 3,516.6 3,805.8 1,036.5 1,183.7 1,280.8 1,433.2 1,599.4 1,765.4 Euromonitor 65

Euromonitor 2013 2014 2015 2016 2017 427.6 446.1 465.5 485.7 506.8 202.0 214.2 226.9 239.9 253.5 2013 2014 2015 2016 2017 4,034.7 4,284.7 4,551.9 4,834.8 5,136.1 1,908.5 2,061.1 2,221.9 2,390.8 2,570.1 Euromonitor Euromonitor Euromonitor20102012 20102012 2010 2011 2012 % % % 1 2.5 2.8 2.9 2 1.4 2.2 2.2 3 1.6 1.5 1.7 4 1.3 1.2 1.1 5 1.2 1.0 1.1 6 0.9 0.9 1.0 7 0.9 0.9 0.9 8 0.9 0.8 0.8 9 0.9 0.9 0.7 10 0.3 0.5 0.7 88.1 87.3 86.9 100.0 100.0 100.0 Euromonitor 66

2010 2011 2012 % % % 2.3 2.5 2.7 1.9 2.1 1.1 1.5 1.6 1.4 1.4 1.4 1.2 1.1 1.0 0.8 0.8 0.8 0.4 0.5 0.6 0.5 0.5 0.5 0.4 0.4 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.3 0.4 0.5 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.3 0.2 0.2 0.3 0.1 0.2 0.2 0.2 0.2 0.2 0.1 0.2 0.2 0.4 0.1 1.7 86.9 86.3 85.6 100.0 100.0 100.0 Euromonitor Euromonitor 201211.6% Euromonitor 2012 12 31 0.1%0.01% Euromonitor 9.4% 67

2017 2017 73.1% 50% 20122017 11% 4.4% Euromonitor 20128,5502011 14% 20126%20132017 10.9% Euromonitor2011 20127% 2012 2012 201020112011 12 312012 68

2007 2008 2009 2010 2011 2012 66.5 72.8 78.7 89.7 101.6 106.1 3,416 3,968 4,430 5,056 5,709 5,934 20,084.6 19,574.4 19,396.4 19,228.9 19,095.3 18,958.7 2007 2008 2009 2010 2011 2012 486.6 559.5 609.9 701.4 800.9 855.3 28.2 34.4 38.7 44.6 50.7 54.0 18,705.7 18,230.1 18,064.4 17,908.7 17,784.1 17,656.8 Euromonitor 2013 2014 2015 2016 2017 112.0 118.2 124.3 130.5 136.9 6,170 6,395 6,629 6,859 7,097 19,044.8 19,170.0 19,241.3 19,310.0 19,358.6 2013 2014 2015 2016 2017 952.3 1,059.4 1,176.3 1,303.6 1,441.0 58.1 62.5 67.1 71.9 76.9 18,056.2 18,467.9 18,888.8 19,317.2 19,735.2 Euromonitor 69

2012 28.1%1% 20072012 Euromonitor20102012 20102012 2010 2011 2012 % % % 1 16.1 15.0 14.3 2 10.9 11.4 10.6 3 1.7 1.8 2.2 4 2.3 1.9 1.9 5 1.7 1.4 1.6 6 1.0 0.9 1.3 7 1.2 1.0 1.2 8 1.0 1.0 1.1 9 0.3 0.4 0.4 10 0.3 0.3 0.2 63.4 64.9 65.1 100.0 100.0 100.0 Euromonitor 2010 2011 2012 % % % 10.2 10.7 10.6 9.8 10.0 8.4 2.9 2.8 3.1 1.8 1.7 1.8 1.5 1.4 1.5 1.1 1.1 0.9 0.9 0.8 0.8 0.5 0.5 0.5 0.2 0.2 0.3 0.1 0.2 0.2 71.0 70.6 71.9 100.0 100.0 100.0 Euromonitor 70

Euromonitor 2012 12 31 0.2% 0.03% 201320178% 20072012 2013 2017 Euromonitor2012 15% 2011 12 31 6,0392012 12 31 6,945 2011 12 31125,900 2012 12 31136,900 2012 20123% 71

9% 2007 2008 2009 2010 2011 2012 355.1 385.2 443.0 518.4 603.9 694.5 89.3 94.6 102.7 114.5 125.9 136.9 10,505.9 10,700.0 11,301.0 11,702.0 12,224.7 12,766.5 Euromonitor 2013 2014 2015 2016 2017 767.4 843.3 921.8 1,002.0 1,083.1 147.8 158.6 169.0 178.7 187.7 12,875.8 13,013.9 13,225.3 13,522.3 13,868.1 Euromonitor 72

2012 10% 1% Euromonitor 20102012 20102012 2010 2011 2012 0.8 0.9 0.9 0.5 0.6 0.6 0.4 0.5 0.5 0.4 0.5 0.5 0.5 0.5 0.5 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 96.8 96.4 96.4 100 100 100 Euromonitor 2013 4 73

1986 4 12 2000 10 31 1990 12 12 2001 4 12 2007 6 29 2008 1 1 (i) (ii) (iii) (iv)(v) (vi) (vii) 2,000(viii) 50% 100% 74

2010 10 28 2011 7 1 1999 1 22 0.05% 1999 4 3 2002 3 24 10,000 50,000 1997 12 29 (i) (ii) 75

(iii) (iv) (v) 1993 2 22 2000 7 8 (i) (ii) (iii) 2009 12 26 2010 7 1 1982 2001 2002 76

(10) (10) (a) 1995 5 1(b) 1993 4 4 (c) 1995 3 182003 12 27 (d)2000 2 3 (e) 2001 1 19 2000 7 5 (i)(ii)(iii) (iv) 2011 5 23 (i) (ii) 77

2012 9 212012 11 1 1,000 5,000 * 1,00010,000 * 5,000 78

(a) 5,000 (b) 50,000 79

90 30 10,000 30,000 30% (a) (b) 80

2009 7 30 2009 2 28 2009 6 1 30 30 10 30 2010 1 12 2011 1 2 30 1,000 10,000 2006 8 8 2006 9 8 81

2009 12 10 698 2008 1 1 698 30 1996 1 1996 42008 8 5 82

2009 8 29 142142 2005 10 27 2006 1 11986 4 12 2000 10 31 1990 12 12 2001 4 12 10%50% 83

7559 2005 10 21 75(i) (ii) (iii) 30 75 2007 5 2012 12 17 59 7 2012 2 15 7 2009 6 1 84

[2009]44 2009 6 28 2009 6 12010 5 31 2010 5 31 2011 12 312011 12 31 10% (i) (ii) (iii) (iv) (v) 85

(a)(b) (c) (d)(e) 10% 350 400 300 250 400 86

2012 4 20 (1) (2) 87

1994 10 1995 5 1997 9 2000 7 2013 2003 10 8,000 1994 10 1995 5 1997 9 2000 7 88

2003 1 10 12 2004 9 2006 3 2008 8 9 2010 9 2011 9 2012 4 2013 1 2 89

4 6 10 279,770 1,000 1994 10 24 80% 20% 19941999 6 5% 10% 10% 10% 65% 2000 2004 7 19 20% 2004 8 4125,000 20% 90

80% 20% 90% 10% 2008 5 288,000,000 80% 80% 20% 2009 12 148,000,00080% 2,000,00020% 2009 12 22 8,000,000 80%1,000,000 10%1,000,000 10% 20% 20% 2011 10 20% 10%10% 90% 10% 91

2006 3 29 90% 10% 2010 11 18(i)70% (ii)9%(iii)6%(iv)3% (v)2%3,500,000 450,000 300,000 150,000 100,000 150,000 50,0003% 1% 2003 10 16 90% 5.5% 4.5% 2005 7 28(i) 1.00 90%(ii) 1.00 92

5.5%(iii)1.004.5% 90% 10% 2006 1 1 2011 1 5 2.0010% 1.0090% 10% 2004 8 24 90% 10% 2007 8 3 51% 49% 2009 3 19 500,00010% 93

2010 5 4 800,00016% 2010 11 252,450,000 49% 49% 25% 16% 10% 2003 4 1 50% 15% 35% 2005 6 29 25,000 50,000 50,0005% 10% 10% 2005 8 2625,0005% 2006 2 17 5,000,000 250,0005% 250,0005% 50% 25% 15% 5% 5% 2013 94

2006 9 28 51% 49% 2009 3 9 50,00010% 2010 5 20 80,00016% 49% 25% 16% 10% 2013 2011 3 9 2004 12 30 60% 40% 95

2006 1 575,000 15%15%25,000 5%5% 30% 30% 20% 20% 2013 2000 10 16 30% 60% 40% 2000 11 15 3,000,0004,750,000 2001 4 38,000,000 2001 11 15 30% 40% 30% 30%2001 12 12 12,000,000 2002 9 2 3,000,000 30% 2002 940,000,000 19,600,000 8,400,000 2007 8 1312,000,000 30% 96

2011 12 5 8,934,100 61% 30% 9% 1994 5 3 50% 50% 2004 550% 50% 50% 50% 1994 8 192012 5 16 60% 20% 20%90% 10% VCD 2012 9 11 97

2012 9 28 2012 11 9 2012 12 11 2012 12 10 2013 5 6 2013 1 28 98

2013 6 5 2006 3 10 50% 2010 10 122,500,000 50% 2012 12 13 70% 30% 99

2012 3 6 90% 10% 28.22% 11.09% 11.09% 49.6% 90% 10% 70% 100% 50% 90% 49% 1 2 3 4 49% 5 100% 30% 30% 6 (1) 9% 6% 6% 3% 3% 3% (2) 25% 15% 5% 5% (3) 10% (4) 25% 16% 10% (5) 25% 16% 10% (6) 20% 20% 100

50% 50% 100% 100% Eaglepass Developments Mentor Asia Jaguar Asian 40% 60% 50% 50% 50% 50% 60% 69% 31% 60% 40% 30% 61% 9% 20% 20% 90% 10% 2012 4 20380,000.00 38,000,000 0.01Reid Services Limited Eaglepass DevelopmentsJaguar Asian 2013 [740,000,000]380,000.00 38,000,000 0.01 [7,780,000] [778,000,000] 0.01 [7,706]Jaguar Asian[2,291] Eaglepass Developments 101

2012 3 78,400,000 2,520,000 30% 9% 2012 9 11 2012 9 28 2012 11 9 2012 12 10 2012 12 11 2013 1 28 2013 5 6 2013 6 5 2013 5 23 66,330 9,620 9,620 4,810 4,810 4,810 66.33% 9.62% 9.62% 4.81% 4.81% 4.81% 102

2013 5 28 5,000 1.00 2013 7 559 66.33% 9.62% 9.62% 4.81% 4.81% 4.81% 100% 2013450,000 300,000 300,000 150,000 150,000 150,000 9% 6% 6% 3% 3% 3%30% 2013 2013 500,000 10% 2013 2013 500,000 10% 103

2013 59% 25% 16% 2012 7 23500,000 100% 2012 5 1610,920,000 60% Higson Holdings Limited0.01% 0.01% 99.98%Higson Holdings Limited 20131,250,000 750,000 250,000 250,000 25% 15% 5% 5%50% 2013[245,000] [50,000]49% 10% 104

105 2013 11 828,000,000 70% 2013 2013 90% 11.09% 11.09% 28.22% 49.6% 10% 90% 10% 100% 100% 59% 100% 100% 100% 100% 2012 4 109,9989,998Mentor Asia

2012 4 24Mentor Asia861.2569 0.01%Mentor Asia 7,707 Mentor Asia77.07% Jaguar Asian 2012 4 24Mentor Asia861.2569 0.01%Mentor Asia 2,292 Mentor Asia22.92% Eaglepass Developments 2012 4 24Mentor AsiaJaguar Asian Mentor Asia 2013 Eaglepass Developments[9,998][4,999] 20135,097,5685,000 Eaglepass Developments 3,501,0103,434 Eaglepass Developments 66.33% 9.62% 9.62% 4.81% 4.81% 4.81% 100% 84.34% Eaglepass Developments 15.66% 100% Jaguar Asian [22.92]% [77.08]% Mentor Asia 100% 100% 106

2013 90% 2013 10% Mentor Asia 2013 Mentor Asia Jaguar Asian Eaglepass Developments Mentor Asia [7,708][2,292][7,706] [2,291] 2013380,000.00 [7,780,000 2006 9 8 75 7559 2012 4 24 2012 5 29 7559 107

2013 7 1 2013 7 5 Eaglepass Developments 7 7 108

18 Euromonitor 2012 13279,770 18 1995 Euromonitor 109

(a) (b) (c) (i)(ii)(iii) 2013 AAA 20102012 110

2012 12 312013 5 31 678.9302.4 42.612.3 1995 13 20142015 AAA 20102012 111

2000VIP VIP 2007 112

2009 2012 1,000 13 113

18 13 20142015 114

1 2 3 1995 48,121 188 2008 9 1 2027 4 30 188 2008 9 1 2027 4 30 42 2013 3 12 2017 5 31 C 42 2013 3 12 2017 5 31 C 19 2013 3 12 2014 12 31 4 C 115

1 2 3 10 2012 9 1 2022 8 31 C 19 2013 3 20 2014 12 31 4 C 2006 14,789 126 2006 7 1 2018 12 31 115 2006 7 1 2017 11 30 5 10 2010 1 1 2019 12 31 2003 17,647 151 2003 4 1 2018 4 30 63 2012 2 1 2018 4 30 62 2012 3 1 2018 4 30 47 2013 10 1 2018 4 30 2004 56,910 171 2006 6 16 2023 7 25 10 2009 9 17 2019 9 16 2008 30,006 156 2008 9 10 2024 2 28 2013 17,432 156 2012 10 20 2028 4 18 2013 8,480 10 2013 2 5 2023 2 4 C C C 116

1 2 2013 14,967 20 2013 5 1 2033 4 30 2013 13,800 12 2013 1 1 2024 12 31 2013 46,093 15 2013 7 1 2028 6 30 15 2013 7 1 2028 6 30 2010 3,689 1519 2010 9 12 2025 9 30 2011 6,966 15 2011 6 1 2026 5 31 2012 870 28 2012 5 1 2014 12 31 C 3 1. 2. 3. C 4. 50152,497 9011,888 5011,0632014 12 31 (a)(b) 5. 117

279,770 9202014 12 31 (i)(ii)(iii) 118

12 31 5 31 1 2010 2011 2012 2012 2013 4 174.5 202.9 183.2 77.9 86.9 2 91.8 111.1 117.8 50.3 48.1 105.7 124.1 121.0 53.3 47.4 3 169.0 192.2 179.6 78.3 77.5 53.1 76.8 77.2 34.3 37.1 3.5 1.0 (1) 2013 12013 22013 62013 62013 10 (2) (3) (4) 2012 4 20102011 2.4 0.5 16.1 1.8 45.7 5.8 11.5 1.2 119

2013 61.1 2014 2015 2014 2014 2015 2015 16 13 120

(a) (b) (c) (i)(ii) (iii) 2013 121

(A) (B) 122

(C) (D) 2013 1,000 3,689 6,966 870 123

1,000 (i) (ii)(iii) 124

45 125

20112012 12 312013 5 31 0.390.06% 0.630.09%0.2 0.07% 12 31 5 31 2010 2011 2012 2012 2013 % % % % % 416,822 68.9% 475,214 66.5% 419,333 61.8% 182,498 62.5 182,110 60.2% 146,472 24.2% 189,233 26.5% 208,855 30.8% 87,725 30.1 96,179 31.8% 32,815 5.4% 37,140 5.2% 38,907 5.7% 17,356 5.9 17,941 5.9% 9,095 1.5% 13,499 1.8% 11,781 1.7% 4,214 1.5 6,169 2.1% 605,204 100.0% 715,086 100.0% 678,876 100.0% 291,793 100% 302,399 100.0% 126

45 20,000 127

12,200 (i)(ii) 12 31 5 31 2010 2011 2012 2012 2013 684 703 715 715 734 157 161 148 53 65 143 128 128 49 51 6 15 13 4 13 8 18 7 1 (138) (149) (129) (56) (45) (124) (126) (103) (51) (35) (8) (15) (13) (1) (7) (6) (8) (13) (4) (3) 703 715 734 712 754 (i) (ii) (iii) 128

2013 5 31 2013 5 31 116 453 29 48 108 754 (i) (ii) 7% 31%(i) (ii) (iii)(iv)(v) 129

201020112012 12 31 2013 5 3112,06418,434 14,5635,941 (B) 130

12 31 5 31 2010 2011 2012 2012 2013 124 118 140 140 125 9 51 30 9 3 2 5 9 4 0 0 4 5 2 0 7 42 16 3 3 (15) (17) (17) (2) (7) (6) (8) (3) (1) (1) 0 (2) (2) (1) 0 (9) (7) (12) 0 (6) 0 (12) (28) (8) (2) 0 (11) (22) (8) (2) 0 0 0 0 0 0 (1) (6) 0 0 118 140 125 139 119 131

2010 7 1 2012 9 30 201020112012 12 31 2013 5 31 1.10.5 0.4 132

(i) (ii)(iii)(iv) (v) 1.0% 5% (i) (ii) 201020112012 12 31 2013 5 31 21.5%21.4%21.8% 21.85.6%5.0%5.7%6.7 5% 133

(i)(ii)(iii) (iv)(v) (i) (ii) 134

(A) (i) (ii)(iii) 135

(i) (ii) 60 (B) (i)(ii) (iii)(iv) (v) 136

VIP 15 60 137

(i) (ii) 2010 7 1 2012 9 30 95% (i)(ii)1.5% 138

(i) (ii) 2013 9 30 40503 139

12 31 5 31 2010 2011 2012 2012 2013 % % % % % 538.5 33.0 582.0 29.8 574.7 30.2 254.1 30.0 241.4 26.9 722.7 44.3 890.1 45.6 959.9 50.4 416.5 49.2 466.4 52.0 291.5 17.9 420.4 21.6 350.4 18.4 174.4 20.6 182.3 20.3 77.6 4.8 58.1 3.0 18.4 1.0 1.9 0.2 7.1 0.8 1,630.3 100.0 1,950.6 100.0 1,903.4 100.0 846.9 100.0 897.2 100.0 201020112012 12 3120122013 5 31 63.819.80.944,000 0.7 140

(A) 4.0 20052012 4.02012 (B) 2012 1 (1) (2) (3) (4) 141

(C) 2012 5 (i) (ii) (iii) (iv) (v) (vi) 2012 52013 1 142

(D) 2012 5 143

(E) 1. 144

5,000 2. 3. 4. 5. 1. 145

2. 3. 4. 2013 32013 6 146

2012 2013 13 20142015 147

8,000 2003 2014 (A) 148

149

150

(B) (i) (ii) (iii) 201020112012 12 31 2013 5 31 78.481.2100.585.7 (i) (ii) 151

(i) (ii)(iii) (i) (ii) (iii) (i) (ii)(iii) www.yihua.com.cn VIP 2007 VIP 152

(i) (ii) VIP 20092012 2000 VIP 153

VIP VIP VIP (i)vip (ii)vip VIPVIP VIP VIP (i)10,000100 10.51 (ii)(iii)vip2010 20112012 12 312013 5 31 2.72.93.64.2 VIP 2013 5 31110,704VIP8,814 VIP 2,238 VIP VIP VIPVIP VIP VIP VIP VIP VIP 154

201020112012 12 31 2013 5 31 VIP538.8698.5 586.0271.3 34.4%36.2%30.8%30.2% VIPVIP VIP VIP 12 31 5 31 2010 2011 2012 2012 2013 ( 000) ( 000) ( 000) ( 000) ( 000) 1 73,330 306,840 255,860 119,630 113,640 472 1,250 82 31 40 2 94 399 385 331 4,712 73,896 308,489 256,327 119,992 118,392 VIP 1 10,0001001 0.51 2 155

VIP VIP VIP (a)vip VIP VIPVIPVIP VIP VIP VIP 2000 (i) (ii) 10,00020010,200 (iii)vip 10,0001001 0.51(iv)(v) (i) (ii) (v) (iii) (iv) 156

200,000 101,000 2,000 (a) (b) 2013 3 292013 6 6 (c) (i)(ii) 10,000 (d) (e) 157

(f) (g) 2011 5 23 90 2012 11 1 (i) 2013 3 29 (ii) 2013 6 6 (i) (ii) 2011 5 23 (iii) 158

(iv) 1994 102013 [10] (v) 201020112012 12 31 2013 5 31 964,7401,045,3011,020,517415,598 810,5701,102,383 841,292451,276 159

201020112012 12 31 2013 5 31 291.5 420.4350.4182.3 17.9%21.6%18.4%20.0VIP VIP 12 31 5 31 2010 2011 2012 2012 2013 121.1 164.6 153.3 153.3 216.6 335.0 409.1 413.7 135.4 167.4 (291.5) (420.4) (350.4) (174.4) (182.3) 164.6 153.3 216.6 114.3 201.7 160

2007 201020112012 12 31 2013 5 31 7.52.31.2 1.0 0.5%0.1%0.1%0.1% (i) (ii) (iii) 161

2013 9 3032 13 VIP VIP VIPVIP VIPVIP VIP VIP 162

2013 9 302,085 1994 2012 42012 1 12012 163

3 31 31,600 10,600 30,000 164

(i)(ii)(iii) (i) (ii) (iii) 2011 (iv) VIP 165

(i) (ii) (iii) 166

2000 2011 5 2012 11 1 90 (i) (ii) (i) 2013 3 29 (ii) 2013 6 6 (i) (ii) (iii) 200,000 90 10,000 30,000 200,000 30,000 (i) (ii) 2011 5 23 (iii) (iv) (v) 1994 102013 [10] 167

168 30 (i) (ii) 3612 12 (i) (ii) 30 1,000 10,000 120,000

201020112012 12 312013 5 3120 50 6.03%4.85%9.00% 201020112012 12 31 2013 5 31 3550 50 (i) (ii) 201020112012 12 31 2013 5 31 1.92.9 1.0 6.1 (i) (ii) (i) (ii) 2011 6 30 2004 8 24 2013 5 31 2011 9 1 1.9 [9.6] 169

170 2012 1.5 2012 4 2012 1 1 2012 3 31 2012 4 2012 2010 20112012 12 31 0.5 1.0 2012 10,000 50,000 1.5 50,000 2011 20102011 (a) (b) 2011 1 (c) 2012 2013 1 31

171 2013 1 15 2010 110,000 122 2012 122 122(1B) 2013 6 13 2013 10 28 122(1) 1994 2012 2013 7 8 300,000 12 2013 10 28 2013 7 8

172

2013 7 5 2013 7 11 (i) (ii)(iii) 173

(i) (ii) (iii) 1487 174

www.yihua.com.cn B.2. 2013 2012 2012 175

2011 2010 2010 AAA 2009 176

2006 2008 2006 2001 2000 2004 177

2011 2010 2004 1999 178

13 13 330,605 279,770 2013 6 6 11 G 302-303 1 1 2013 6 7 III. 2012 6 20 36 330,605III. 30,000 10,00030,000 10,000 8,000 179

(1) 23,443.83 (i) (2) 6,500.00 (i) (3) 23 6 7,956.38 (i) (ii) (4) 1 2 5,115.25 (i) (5) 5 2,497.35 (i) (6) 9 901 1,888.38 (i) 180

(7) 1 3 4,444.38 (i) (8) 501 1,063 (i) (9) 3 4 5,056.76 (i) (10) 1 3 17,431.68 (i) (11) 183 1 3 43.83 (i) (ii) (12) 183 7 43.23 (i) (13) 183 8 42.70 (i) 181

(14) 183 3 5 6 374.26 (i) (15) 18 1 3 16,442.95 (i) (16) 18 2 163.68 (i) (17) 714 715 813 264.59 (i) (18) 405 505 605 705 805 586.25 (i) (19) 1181 1 2 2 4 27,900.46 (i) (20) 116 11 3 40,177.81 (i) 182

(21) 116 1 1181 19,585.11 (i) (ii) (22) 1 1 35 1 3 8,031.30 (i) (23) 1 3,689.00 (ii) (iii) (24) 2 6,590.00 (ii) (iii) (25) B1 23 4,129.10 (i) (ii) (26) B3 4,650 (i) (ii) 183

(27) 50 1 45 6 30,005.62 (i) (ii) (28) 19 12E C 132.41 (i) (29) 58 0301 108.92 (i) (30) 981 204 73.08 (i) (31) 1 870 (ii) (iii) (32) 18 3 536.83 (i) (33) 1 2 13,800 (ii) (iii) (34) 3181 2 27,987 (i) (ii) 184

(35) 3181 2 18,888 (i) (ii) (36) 1 2 8,480 (i) (37) 21,432 (iii) (38) 40.04 (i) (ii) (39) 153 6 140 (i) 330,605.18 (i) 1 22 25 30 32 34 36 38 39 (ii) 3 11 21 23 27 31 33 35 38 (iii) 23 24 31 33 37 185

(i) (ii) 3,689 2013 12201020112012 12 31 2013 5 31 3.07.38.7 3.1 186

870 2013 12201020112012 12 31 2013 5 31 2.51.0 13,800 2013 12 2013 6 14,967 2013 12 2013 6 14,7896,590 201020112012 12 31 2013 5 31 41.839.734.313.2 2017 187

6.1 (i) (ii)(iii) 188

(1) (2) (3) 49.6% 28.22% 11.09% 11.09% (4) 90%90% (5) 80% 189

(6) 64% (7) 90% (8) 55% (9) 60% (10) 20% 80%98.33% 1.67% (11) 100% I. VIP VIPVIP VIP 190

2012 12 30 2013 1 1 2014 12 31 2012 12 31 2013 1 1 2014 12 31 2013 1 1 2013 1 1 2014 12 31 2012 12 25 2013 1 1 2014 12 31 (1) VIPVIP VIP (2) (3) VIP 191

VIP VIP 2013 201020112012 12 312013 5 31 131,000271,000 126,000 192

II. 2013 1 1 2013 1 12015 12 31 201320142015 12 31 1,500,000 2,200,000 2,500,000 201320142015 12 31(i) (ii) (iii)(iv) 193

201020112012 12 31 2013 5 31 201320142015 12 31 12 31 5 31 12 31 2010 2011 2012 2013 2013 2014 2015 1,132 1,109 1,341 417 1,500 1 2,200 2 2,500 3 1. 2013 12 31 i) 1,000,000ii)2013 500,000 1,000,000 + 500,000 = 1,500,000 2. 2014 12 31 i)2013 12 31 1,000,00015%ii)20132014 1,000,0002013 2014 15% 1,000,000 x 115% + 1,000,000 = 2,150,000 3. 2015 12 31 2014 12 312,150,00015% 15% 2,150,000 x 115% = 2,473,000 194

2013 1 1 2013 1 12015 12 31201320142015 12 311,400,000 2,600,000 3,000,000 201320142015 12 31(i) (ii) 201020112012 12 31 2013 5 31 201320142015 12 31 12 31 5 31 12 31 2010 2011 2012 2013 2013 2014 2015 1,635 1,625 2,298 360 1,400 1 2,600 2 3,000 3 195

1. 2013 12 31 i)2013 5 31 1,000,000ii) 400,0002013 1,000,000 + 400,000 = 1,400,000 2. 2014 12 31 i)2013 12 31 1,000,00040%ii) 1,200,0002014 40% 1,000,000 x 140% + 1,200,000 = 2,600,000 3. 2015 12 31 2014 12 3115% 15% 2,600,000 x 115% = 2,990,000 III. (a) 2013 3 12 2007 6 1 196

(i) 1 25,1152013 3 122017 5 31(ii) 3 45,056 2013 3 122017 5 31 2013 1 1 1 45 9 901 1100 2013 1 12013 12 31 600,000 2013 3 12 1 22013 3 122013 12 31 224,182 2013 3 12 3 42013 3 122014 3 11 328,689 2013 3 20 11002013 3 202013 12 31 6,900 2013 (i)2014 12 31 1 21100 2013 8 31 3% (ii)2015 12 31 1 21100 2014 12 3110% 197

2013 (i)2014 12 31 3 42013 8 31 3%(ii)2015 12 313 4 2014 12 3110% 2013 3 12 2013 9 30 2013 3 12 2014 12 315 2,497 (i) 2013 3 122013 12 31 (ii) 2014 1 1 2014 12 31109,359 108,135 2013 3 12 2013 9 30 2013 3 12 2014 12 319 901 1,888 (i) 2013 3 122013 12 31 (ii) 2014 1 12014 12 31 82,692 105,183 2013 6 1 2,255,064 198

201020112012 12 31 2013 5 31 201320142015 12 31 12 31 5 31 12 31 2010 2011 2012 2013 2013 2014 2015 3,397 8,670 1 11,690 2 10,080 3 1. 2013 12 31 (i) 2013 1 12013 3 111 459011 100 600,000 600,000 x 211/31 = 1,412,903 (ii) (a) 2013 3 122013 12 311 45901 224,182 +328,689 + 109,359 +82,692x 9 20/31 = 7,184,898 (b) 2013 3 202013 12 311100 6,900 x 912/31 = 64,771 8,662,572 (1) 1 25901 2012 12 31 (2) 3 42012 12 31 2. 2014 12 31 (i) 1 211002013 8 31 2014 1 13% 413,758 + 10,310x 12= 5,088,818 (ii) 59012013 8 312014 1 13% 108,135 + 105,183x 12= 2,559,816 199

(iii) 3 42013 8 312014 3 12 3% 328,689 x 311/31 + 338,803 x 820/31 = 4,031,706 11,680,340 3. 2015 12 31 1 411002014 12 31 10% 455,385 + 372,683 + 11,340x 12= 10,072,895 10,072,895 代 的 2007 1 4201120122013 12 31 (a) (b) (c) 2007 (d) (b) 2012 9 1 1 32012 9 12022 8 3110 200

2013 1 12013 1 12013 12 311 3 4,444 235,552 2013 3 20 2013 9 30 2013 3 202014 12 31501 1,063 (i) 2013 3 202013 12 31 (ii) 2014 1 1 2014 12 3143,583 46,028 2013 1 3(i)2014 12 31 2013 8 31 3%(ii)2015 12 31 2014 12 3110% 2013 6 1 837,405 201

201020112012 12 31 2013 5 31 201320142015 12 31 12 31 5 31 12 31 2010 2011 2012 2013 2013 2014 2015 1 1,282 3,240 2 4,240 3 4,060 4 1. 2012 9 12012 12 31 2. 2013 12 31 a) 1 3 235,552 x 12= 2,826,626 b) 501 43,583 x 912/31 = 409,118 3,235,744 (1)1 3(2)501 2012 12 31 3. 2014 12 31 1 3501307,107 2013 8 31 3% 46,028 2013 8 31 3% 307,107 + 46,028x 12= 4,237,615 4. 2015 12 31 1 32013 8 3110% 337,773 x 12= 4,053,275 202

(c) 2012 3 16 1870 2012 5 12014 12 31 1/5/2012 30/4/2013 1/5/2013 30/4/2014 1/5/2014 31/12/2014 12 30 12 30 3 6 12 12 12 10,440 1 39,150 2 41,760 3 870 1. 1287010,440 2. 30312 87039,150 3. 30612 87041,760 203

201020112012 12 31 2013 5 31 201320142015 12 31 12 31 5 31 12 31 2010 2011 2012 2013 2013 2014 2015 84 1 52 360 2 500 3 4 1. 10,440883,520 2. 2013 12 31 10,4404 39,1508 354,960 3. 2014 12 31 39,1504 41,760 8490,680 4. 2014 12 31 2009 8 10 116 11 32009 9 17 2019 9 16 2013 1 1 11 3 40,17832,52011,60366%7,658 20131,468,823 2013 204

11 3 40,178 (i) 2014 12 31 2013 12 313%(ii)2015 12 31 2014 12 315% 2013 3,707,884 2013 6 1 (i)111,60334%3,945 (ii)11811815,640 2013 6 12015 12 312013 6 12014 5 31297,721 2014 6 12015 3% 201020112012 12 31 2013 5 31 201320142015 12 31 12 31 5 31 12 31 2010 2011 2012 2013 2013 2014 2015 7,026 17,113 17,113 7,334 19,710 1 21,790 2 22,810 3 205

1. 2013 12 31 (i) (ii) 11 3 1,468,8231217,625,881 1118 297,72172,084,050 19,709,931 2. 2014 12 31 (i) (ii) 11 3 2014 1 13% 17,625,881103%18,154,657 11182014 6 1 3% 297,7215 297,721103% 7 3,635,179 21,789,836 3. 2015 12 31 (i) (ii) 11 3 2015 1 1 5% 18,154,657105%19,062,390 11182015 6 1 3% 297,721103% 5297,721103% 103% 7 3,744,234 22,806,624 2010 1 1 B3 2010 1 12019 12 31 2011 12 302013 9 30 B34,070 (i) 2012 1 12014 1 22 (ii) 2014 1 232016 1 22 126,251 127,893 2012 7 16 206

3 B 580 (i) 2012 6 152014 1 222012 9 1590(ii) 2014 1 232016 1 2217,41218,226 2013 389,139 201020112012 12 31 2013 5 31 201320142015 12 31 12 31 5 31 12 31 2010 2011 2012 2013 2013 2014 2015 787 1,321 1,274 1 599 1,730 2 1,760 3 1,760 4 1. 2012 6 152012 9 15 2. 2013 12 31 126,251 17,412 12 1,723,956 3. 2014 12 31 126,251 17,412 22/31127,893 18,226 119/31 1,751,680 4. 2015 12 31 127,893 18,226 121,753,423 2006 6 1 118 11 2 2 4 207

2006 6 162023 7 2517 2013 2 16 2013 2 162014 2 15(i)24,152 891,098(ii)3,511 31,173 2014 2 16 2007 2 15 2007 2 16(i)(ii)3% 1.5% 2009 6 20 2009 7 12023 7 25 80,573 2013 (i) 2013 1 1 2013 1 12015 12 31 (ii)201320142015 12 31 80,573 82,990 85,480 2008 9 20 2008 9 202023 7 25 238 2013 8 312013 10 12014 9 30 20152016 9 3015,335 15,795 16,268 2013 2,809,397 208

201020112012 12 31 2013 5 31 201320142015 12 31 12 31 5 31 12 31 2010 2011 2012 2013 2013 2014 2015 7,383 11,549 11,853 5,050 12,180 1 12,540 2 12,910 3 1. 2013 12 31 (i) 2013 2 16 3%891,098 865,1441.5891,09810.510,654,248 (ii) 2013 2 16 1.5%31,173 30,7121.531,17310.5373,381 (iii) 80,57312966,876 (iv) 14,909915,3353180,181 12,174,686 2. 2014 12 31 (i) 2014 2 163% 891,0981.5891,098103% 10.510,973,876 (ii) 2014 2 161.5% 31,1731.531,173101.5% 10.5378,982 (iii) 2014 1 1 3% 80,573103% 12995,882 209

(iv) 15,335915,7953185,394 12,534,134 3. 2015 12 31 (i) 2015 2 163% 891,098103% 1.5891,098103% 103% 10.5 11,303,092 (ii) 2015 2 161.5% 31,173101.5% 1.531,173101.5% 101.5% 10.5 384,667 (iii) 2015 1 1 3% 80,573103% 103% 121,025,759 (iv) 15,795916,2683 190,956 12,904,474 2013 6 14 211-88 15,467 2013 6 152015 12 3177,335 149,670 210

2013 6201020112012 12 31 2013 5 3120132014 2015 12 31 12 31 5 31 12 31 2010 2011 2012 2013 2013 2014 2015 1,480 1 2,730 2 2,730 2 1. 2013 12 31 77,335 149,670 6.51,475,533 2. 20142015 12 31 77,335 149,670 122,724,060 30 211

20122013 20132014 20142015 1 3.1% 2 10.0% 1 3.1% 2 10.0% 3 0% 1 1 3 3.0% 3.0% 5.0% 1 118 4 3.0% 3.0% 4,070 3 B 0.0% 1.7% 0.0% 580 3 B 0.0% 5.5% 0.0% 0.0% 0.0% 0.0% 3.0% 3.0% 3.0% 1.5% 1.5% 1.5% 0.0% 3.0% 3.0% 3.0% 3.0% 3.0% 0.0% 0.0% 0.0% 1 2012 12 31 2 2013 8 312014 1 1 3.1% 3 2013 4 30 4 2013 212

201020112012 12 31 2013 5 31 201320142015 12 31 12 31 5 31 12 31 2010 2011 2012 2013 2013 2014 2015 1,132 1,109 1,341 417 1,500 2,200 2,500 1,635 1,625 2,298 306 1,400 2,600 3,000 3,397 8,670 11,690 10,080 1,282 3,240 4,240 4,060 84 52 360 500 7,026 17,113 17,113 7,344 19,710 21,790 22,810 787 1,321 1,274 599 1,730 1,760 1,760 7,383 11,549 11,853 5,050 12,180 12,540 12,910 1,480 2,730 2,730 17,724 47,370 55,250 54,350 213

Jaguar Asian[57.81]% [50.27]%Jaguar AsianJaguar Asian (i) (ii) 11.09% 28.22% 11.09% 49.6% 90% 10% Yihua (i) (ii) 214

Yihua B. 2. (i)(ii) (iii)ok(iv) (v) (i) (ii) 215

216

217

201020112012 12 31 2013 5 31169.0 192.2179.677.5 2012 40% 28% (1) 2012 50% (2) (3) (4) 218

(5) VIP VIPVIPVIP VIP VIP VIPVIPVIP VIP (i)vip VIP(ii)VIP (iii) VIP VIP (a)vip 219

2012 12 31 2,960.1 2,573.1 3,760.9 7,376.3 6,858.9 2012 12 31 VIP 220

221

60 2012 4 20 58 2012 4 20 55 [ ] 53 [ ] 58 [ ] 222

63 [ ] 64 [ ] 67 [ ] 49 [ ] 60 2012 4 20 2005 19872002 198528 1998 7 223

582012 4 20 1995 5 19871995 2012 3 2005 32009 8 1992 7 55 1995 2001 2012 6 1989 71993 7 1993 1994 53 19972003 224

20131995 71997 6 1997 72000 11 2000 12 2012 6 19 198219841984 11 2000 6 582004 63 2003 19901997 [23] 199120022003 642012 3 2015 31998 12 20112011 102013 225

122012 32015 3 2006 102009 10 000061 19781978 12 20112011 12012 12 6720012005 2010 32013 3 1970 31984 7 1995 12 2003 12 2000 6 2004 102010 10 2177 49 2007 42011 5 1995 21999 102006 62011 4 1999 102005 62000 52004 6 91 340 2010 9 705 226

48 41 55 46 46 46 50 39 56 51 34 227

482003 2 2011 122013 12 1992 121995 4 1987 7 2002 412007 2 19961991 31996 3 1990 7 2002 92008 552005 82008 2 2008 3 1975 461997 72000 62000 72003 22003 32003 12 2004 102008 2 2008 3 2012 5 2012 6 1989 61997 7 1998 22008 228

462008 92010 5 2010 62011 102011 11 1985 9 1987 7 462005 82008 2 2008 32012 52012 6 1984 111996 2 2005 7 2007 1 2011 502012 52012 12 1998 22006 4 2007 5 2009 82010 5 1980 11997 3 1996 12 1988 7 229

392012 12 2004 32012 9 1996 7 562004 12005 4 2005 52006 32006 42006 10 2006 112009 9 2012 10 1974105 512003 2 19931999 1986 10 1989 10 342012 3 2004 7 2010 9 2011 10 32013 5 7 82022004 230

C. 231

[48]1989 19892010 1988 71995 199719992000200120022003 20042007 2008 2011 (1) (2) (3) (4) (5) 232

2013 9 30 2,085 1,134 142 35 101 262 323 32 29 27 2,085 2012 4 2012 1 12012 3 31 233

D. 1. 234

18 2012 12 312013 5 31 43.613.6 13 279,77018 2012 12 312013 5 31 678.9302.4 42.612.3 235

Jaguar Asian 3.340 1312 1 236

VIP 201020112012 12 31 VIPVIPVIP 2014 2015 237

238

239

10 20 3 6 5 0% 5% 3 240

12 241

VIP 242

VIP 12 31 5 31 2010 2011 2012 2012 2013 605,204 715,086 678,876 291,793 302,399 1,941 1,239 816 375 292 429 241 589 (31) 108 (365,396) (404,313) (352,190) (150,906) (152,511) (48,506) (58,003) (75,910) (29,630) (38,319) (13,696) (16,027) (17,300) (7,284) (8,473) (48,738) (66,213) (72,429) (29,709) (38,215) (85,573) (103,710) (103,766) (42,208) (46,004) 45,665 68,300 58,686 32,400 19,277 2,838 4,879 3,460 2,355 830 (3,836) (4,747) (2,602) (1,600) (606) (998) 132 858 755 224 44,667 68,432 59,544 33,155 19,501 (12,189) (18,086) (17,025) (9,665) (6,780) 243

12 31 5 31 2010 2011 2012 2012 2013 32,478 50,346 42,519 23,490 12,721 (1,948) (1,179) 1,124 293 841 30,530 49,167 43,643 23,783 13,562 31,208 49,189 42,565 22,861 12,304 (678) (22) 1,078 922 1,258 30,530 49,167 43,643 23,783 13,562 30,530 49,167 43,643 23,783 13,562 30,530 49,167 43,643 23,783 13,562 31,208 49,189 42,565 22,861 12,304 (678) (22) 1,078 922 1,258 30,530 49,167 43,643 23,783 13,562 32,159 49,767 42,014 22,718 11,893 (951) (578) 551 143 411 31,208 49,189 42,565 22,861 12,304 244

12 31 5 31 2010 2011 2012 2013 % % % % % % % % 416,822 68.9% 51,426 21.4% 475,214 66.5% 70,901 22.8% 419,333 61.8% 67,143 20.6% 182,110 60.2% 29,599 19.7% 146,472 24.2% 146,472 61.1% 189,233 26.5% 189,233 60.9% 208,855 30.8% 208,855 63.9% 96,179 31.8% 96,179 64.2% 32,815 5.4% 32,815 13.7% 37,140 5.2% 37,140 12.0% 38,907 5.7% 38,907 11.9% 17,941 6.0% 17,941 12.0% 9,095 1.5% 9,095 3.8% 13,499 1.8% 13,499 4.3% 11,781 1.7% 11,781 3.6% 6,169 2.0% 6,169 4.1% 605,204 100.0% 239,808 100.0% 715,086 100.0% 310,773 100.0% 678,876 100.0% 326,686 100.0% 302,399 100.0% 149,888 100.0% 201020112012 12 31 2013 5 31 416.8475.2 419.3182.1 201020112012 12 31 2013 5 31 146.5 189.2208.996.2 245

(i) (ii) (iii)201020112012 12 31 2013 5 31 32.837.138.9 17.9 201020112012 12 31 2013 5 31 9.113.5 11.86.2 201020112012 12 31 2013 5 31 239.8310.8326.7 150.0 12 31 5 31 2010 2011 2012 2013 % % % % % % % % 172,274 28.5% 168,318 97.7% 211,359 29.6% 208,899 98.8% 223,767 33.0% 218,958 97.9% 106,437 35.2% 102,668 96.5% 243,211 40.2% 46,641 19.2% 293,824 41.1% 63,898 21.7% 290,350 42.8% 69,005 23.8% 124,830 41.3% 30,561 24.5% 189,719 31.3% 24,849 13.1% 209,903 29.3% 37,976 18.1% 164,759 24.2% 38,723 23.5% 70,355 23.3% 15,882 22.6% 777 0.2% 777 100.0% 605,204 100.0% 239,808 33.5% 715,086 100.0% 310,773 43.5% 678,876 100.0% 326,686 48.1% 302,399 100.0% 149,888 49.6% 246

(a) (b) (c) (i)(ii) (iii) 2013 201020112012 12 31 2013 5 31172.3211.4 223.8106.4 201020112012 12 31 2013 5 31 243.2293.8290.4 124.8 20102011 2012 12 31 2013 5 31 189.7209.9164.870.4 2013 2013 5 31 777,000 247

5 31 12 31 2010 2011 2012 2013 922,078 1,175,054 1,206,805 584,128 146,472 189,233 208,855 96,179 15.9% 16.1% 17.3% 16.5% 17.0% 201020112012 12 312013 5 31 15.9%16.1%17.3%16.5% 5 31 12 31 2010 2011 2012 2013 1,125 500 375 816 739 441 292 1,941 1,239 816 292 248

2010 7 12012 9 201020112012 12 31 2013 5 31 1.10.50.4 2012 2027 4 302012 2013 5 31 201020112012 12 31 2013 5 310.80.7 0.4292,000 201020112012 12 31 2013 5 31 1.91.20.8 292,000 201020112012 12 31 2013 5 31365.4 404.3352.2152.5 249

201020112012 12 31 2013 5 3148.558.0 75.938.3 201020112012 12 31 2013 5 3113.7 16.017.38.5 5 31 12 31 2010 2011 2012 2012 2013 37,688 36,617 38,172 13,985 13,530 7,515 9,064 12,884 7,060 6,553 5,689 5,202 5,271 2,013 1,916 315 434 399 216 203 4,108 5,439 4,259 1,827 1,836 3,468 3,409 3,591 1,480 1,898 2,692 2,805 3,310 1,343 1,871 2,675 3,131 3,403 1,414 1,742 2,051 2,390 2,734 1,212 1,402 12,413 16,216 17,123 6,903 7,963 63 131 48 11 2,738 996 872 3,389 1,050 4,716 3,364 1,159 900 4,005 5,846 7,413 8,212 2,724 2,790 85,573 103,710 103,766 42,208 46,004 250

4.0 20052012 4.02012 5 31 12 31 2010 2011 2012 2013 11,336 14,227 14,740 7,544 1,077 1,989 2,383 369 12,413 16,216 17,123 7,963 201020112012 12 31 2013 5 31 12.416.217.1 8.0 201020112012 12 31 2013 5 31 85.6103.7103.8 46.0 2010 12 31 1.020112012 12 312013 5 31 0.10.9224,000 251

201020112012 12 31 2013 5 31 201020112012 12 31 2013 5 31 25% 201020112012 12 312013 5 31 27.3%26.4%28.6%34.8%201020112012 12 312013 5 31 1.00.81.80.8 2010 10 12 20102011 12 311.9 1.22012 12 312013 5 31 1.10.8 2013 5 312012 5 31 2013 5 31302.4 2012 5 31291.8 10.6 3.6%2012 5 3132.9% 2013 5 3135.2% 252

2013 5 31 2013 4 2013 2012 5 31 2013 5 31 1,856 117,186 63,456 182,498 4,590 114,814 62,706 182,110 77,365 5,233 5,127 87,725 85,927 4,896 5,356 96,179 14,451 1,655 1,250 17,356 13,007 3,290 1,393 251 17,941 2,418 1,272 524 4,214 2,913 1,830 900 526 6,169 96,090 125,346 70,357 291,793 106,437 124,830 70,355 777 302,399 2013 5 31 182.12012 5 31182.5 388,0000.2% 2013 5 31 2012 5 312.0%1.2% (i)2013 (ii) 2012 253

(i) (ii) 2013 5 31 96.22012 5 3187.7 8.5 9.6%(i) (ii) (iii) 2012 5 3130.1%2013 5 31 31.8%2013 5 31 2012 5 3116.0%16.5% (i) (ii) (iii) 2013 5 31 17.92012 5 31 17.4 585,0003.4% 2013 5 31 6.22012 5 314.2 2.0 46.4%(i) (ii) 2013 5 31 254

2013 5 31149.9 2012 5 31140.9 9.0 6.4% 2012 5 31 2013 5 31 % % 31,592 17.3% 29,599 16.3% 87,725 100.0% 96,179 100.0% 17,356 100.0% 17,941 100.0% 4,214 100.0% 6,169 100.0% 140,887 48.3% 149,888 49.6% 2013 5 31 29.6 2012 5 3131.6 2.0 6.3% 2013 5 312012 5 31 17.3%16.3% 255

2012 5 31 2013 5 31 % % 94,878 98.7% 102,668 96.5% 28,428 22.7% 30,561 24.5% 17,581 25.0% 15,882 22.6% 777 100.0% 140,887 48.3% 149,888 49.6% 2013 5 31102.7 2012 5 3194.9 7.8 8.2% 2013 5 31 2012 5 3198.7%96.5% 2013 5 3130.6 2012 5 3128.4 2.1 7.5% 2012 5 3122.7% 2013 5 31 24.5% 2013 5 3115.9 2012 5 3117.6 1.7 9.7% 2013 5 31 2012 5 31 25.0%22.6% 256

20132013 5 31 777,000100% 100% (i) (ii)2012 5 3122.7% 2013 5 3124.5% 2012 5 3148.3% 2013 5 31 49.6% 2013 5 31292,000 2013 5 312012 9 2013 5 31 152.52012 5 31150.9 1.6 1.1%2013 5 311.1% 0.2% 2013 5 31 38.3 2012 5 3129.6 8.7 29.3%(i) 2012 5 311,767 2013 5 311,978(ii) 2012 6 24%2012 5 3110.2% 2013 5 3112.7% 257

2013 5 318.5 2012 5 317.3 1.2 16.3% 2012 12 312013 5 31 2013 5 31 38.22012 5 31 29.7 8.5 28.6% 2013 1 1 41 3 2013 5 31 46.0 2012 5 3142.2 3.8 9.0%(i)2.5 (ii) 1.1 2013 5 31 224,000 2012 5 31755,000531,000 70.3% 2013 5 31 2013 5 31 19.52012 5 3133.2 13.7 41.2% 2013 5 316.8 2012 5 319.7 2.9 29.9%2012 5 3129.2%2013 5 3134.8% (i) (ii) 11 258

2013 5 31 841,000 2012 5 31293,000 548,0001.92013 5 31 2013 5 3113.6 2012 5 3123.8 10.2 43.0% (i)8.7 (ii)8.5 2012 5 3111.1%8.2% 2013 5 316.4% 4.5% 2013 5 31 38.32012 5 3129.6 8.7 29.3%2013 5 31 38.2 2012 5 3129.7 8.5 28.6% 2012 12 312011 12 31 2012 12 31678.9 2011 12 31 715.1 36.2 5.1% 2011 12 3129.6% 2012 12 3133.0%2012 42012 12 31 2.5 259

12 31 2011 2012 3,500 277,349 194,365 475,214 6,204 266,186 146,943 419,333 167,146 11,791 10,296 189,233 181,441 15,569 11,845 208,855 30,938 2,179 4,023 37,140 28,397 6,031 4,479 38,907 9,775 2,505 1,219 13,499 7,725 2,564 1,492 11,781 211,359 293,824 209,903 715,086 223,767 290,350 164,759 678,876 2012 12 31 419.32011 12 31 475.2 55.9 11.8% 2012 12 31 266.2146.9 2011 12 31 277.3194.4 11.247.4 4.0%24.4% (i)2012 (ii) 20112012 (i) 2011 2011 12 31 173.5 2012 12 31 (ii) 260

2011 20102011 (i) (ii) 2012 2011 2012 12 31 208.92011 12 31 189.2 19.6 10.4%(i) 2012 20122012 12 31 2011 12 31 3.0 1.3 42.1% 4.3 2012 1,500 (ii) 2011 12 3126.5% 2012 12 3130.8%2012 12 31 2011 12 3116.1% 17.3% 2012 12 31 38.92011 12 31 37.1 1.8 4.8% 2012 12 31208.9 2011 12 31 189.2 19.6 10.4% 261

2012 12 31 11.82011 12 3113.5 1.7 12.7%2012 12 31 2012 12 31 326.7 2011 12 31 310.8 15.9 5.1% 12 31 2011 2012 % % 70,901 14.9% 67,143 16.0% 189,233 100.0% 208,855 100.0% 37,140 100.0% 38,907 100.0% 13,499 100.0% 11,781 100.0% 310,773 43.5% 326,686 48.1% 2012 12 3167.12011 12 31 70.9 3.8 5.3% 2012 12 312011 12 31 14.9%16.0% 262

12 31 2011 2012 % % 208,899 98.8% 218,958 97.9% 63,898 21.7% 69,005 23.8% 37,976 18.1% 38,723 23.5% 310,773 43.5% 326,686 48.1% 2012 12 31219.0 2011 12 31 208.9 10.1 4.8% 2012 12 31 2011 12 31 98.8%97.9% 2012 12 31 69.0 2011 12 31 63.9 5.1 8.0% 2012 12 312011 12 3121.7% 23.8% 2012 12 31 38.7 2011 12 31 38.0 0.7 2.0% 2012 12 312011 12 3118.1% 23.5% 263

2011 (i) (ii)2011 12 31 21.7%18.1% 2012 12 3123.8%23.5% 2011 12 3143.5% 2012 12 31 48.1% 2012 12 310.8 2011 12 31 1.2 0.4 34.1% 2012 12 31 0.42011 12 31 0.5 0.1 25.0%2012 9 2012 12 310.42011 12 31 0.7 0.3 40.3% 2012 12 31 352.22011 12 31 404.3 52.1 12.9% 2012 12 31419.32011 12 31 475.2 55.9 11.8% 264

2012 12 3175.9 2011 12 31 58.0 17.9 30.9%(i) 2012 12 31 19.9%(ii) 2012 12 31 2011 12 311,699 [1,856] 2012 42013 12013 12012 2011 12 318.1%2012 12 3111.2% 2012 12 3117.3 2011 12 31 16.0 1.3 7.9%20112011 12 31 2012 12 31 2012 12 31 72.42011 12 31 66.2 6.2 9.4%2012 2012 12 31 8.02011 12 31 6.2 1.8 28.5% 2012 20122012 12 31 7.72011 12 31 6.3 1.3 20.9% 2012 12 31103.8 2011 12 31 103.7 0.1 0.1% (i)(ii) 2012 12 31 265

3.8 2012 12 317.0 2011 12 31 3.0 4.0 133.3% 2012 1.64.0 20122011 12 31 2011 2012 12 310.9 2011 12 31 0.1 0.7 5.52012 12 312012 12 31 3.52.6 2011 12 31 4.94.7 1.42.1 29.1%45.2% 2012 12 31 59.52011 12 31 68.4 8.9 13.0% 2012 12 3117.0 2011 12 31 18.1 1.1 5.9%2011 12 31 26.4%2012 12 3128.6%25% 2012 12 31 11 2012 12 31 1.1 1.2 2012 12 31 266

2012 12 3143.6 2011 12 31 49.2 5.5 11.2% 36.217.9 2011 12 319.6%6.9% 2012 12 318.6% 6.4%2012 12 31 75.92011 12 31 58.0 17.9 30.9% 2011 12 312010 12 31 2011 12 31715.1 2010 12 31 605.2 109.9 18.2%2010 12 3128.5% 2011 12 3129.6% 12 31 2010 2011 5,941 231,852 179,029 416,822 3,500 277,349 194,365 475,214 132,009 7,130 7,333 146,472 167,146 11,791 10,296 189,233 27,972 2,044 2,799 32,815 30,938 2,179 4,023 37,140 6,352 2,185 558 9,095 9,775 2,505 1,219 13,499 172,274 243,211 189,719 605,204 211,359 293,824 209,903 715,086 267

2011 12 31 475.22010 12 31 416.8 58.4 14.0%2011 12 31 277.3 194.4 2010 12 31 231.9 179.0 45.515.3 19.6% 8.6% 2011 12 31 105.4 2011 2011 2011 12 31 2010 12 31 7.5 2011 12 31 9.1 2010 12 3168.9% 2011 12 3166.5% 2011 12 31 189.22010 12 31 146.5 42.8 29.2%(i) 2011 12 31 2010(ii) (iii) 268

2010 12 3124.2%2011 12 3126.5%2011 12 31 2010 12 3115.9%16.1% 2011 12 31 37.12010 12 31 32.8 4.3 13.2% 2011 12 31 189.22010 12 31 146.5 42.8 29.2% 2011 12 31 13.52010 12 31 9.1 4.4 48.4%2011 2011 12 316.6 2010 12 31 3.5 3.1 86.5%2010 2011 269

2011 12 31 310.8 2010 12 31 239.8 71.0 29.6% 12 31 2010 2011 % % 51,426 12.3% 70,901 14.9% 146,472 100.0% 189,233 100.0% 32,815 100.0% 37,140 100.0% 9,095 100.0% 13,499 100.0% 239,808 39.6% 310,773 43.5% 2011 12 3170.92010 12 31 51.4 19.5 37.9% 2011 12 312010 12 31 12.3%14.9% 270

12 31 2010 2011 % % 168,318 97.7% 208,899 98.8% 46,641 19.2% 63,898 21.7% 24,849 13.1% 37,976 18.1% 239,808 39.6% 310,773 43.5% 2011 12 31208.9 2010 12 31 168.3 40.6 24.1%2011 12 31 2010 12 31 97.7%98.8% 2011 12 31 63.9 2010 12 31 46.6 17.3 37.0% 2011 12 312010 12 31 19.2%21.7% 2011 12 31 38.0 2010 12 31 24.8 13.1 52.8% 2011 12 312010 12 31 271

13.1%18.1% 2010 12 3139.6% 2011 12 31 43.5% 2011 12 311.2 2010 12 31 1.9 0.7 36.2% 2012 12 31 0.52011 12 31 1.1 625,00055.6% 2010 1.0 2011 12 31 404.32010 12 31 365.4 38.9 10.7% 2011 12 31475.22010 12 31 416.8 58.4 14.0% 2011 12 31105.4 2011 12 3158.0 2010 12 31 48.5 9.5 19.6%(i) (ii)2011 9 2010 12 31 8.0% 2011 12 318.1% 272

2011 12 3116.0 2010 12 31 13.7 2.3 17.0%20102010 12 31 2011 12 31 2011 12 31 66.22010 12 31 48.7 17.5 35.9% 2011 1 1 2011 12 312011 12 31 28.72010 12 31 14.4 14.3 98.9% 2011 12 31103.7 2010 12 31 85.6 18.1 21.2%(i)4.02012 2011 12 31 2011(ii) 3.8 2010 12 31 11.3 2.9 25.5% 2011 12 31 14.2(iii) 1.5 2011 12 312.4 2010 12 31 1.3 1.1 81.7% 1.1 273

2011 12 31 0.12010 12 311.0 2011 12 31 2011 12 31 4.9 4.72010 12 31 2.83.8 2.00.971.9%23.7% 2011 12 31 68.42010 12 31 44.7 23.8 53.2% 2011 12 3118.1 2010 12 31 12.2 5.9 48.4%2010 12 31 27.3%2011 12 3126.4%25% 2011 12 31 11 2011 12 31 1.22010 12 31 1.9 0.8 39.5%2010 10 12 2011 12 3149.2 2010 12 31 30.5 18.6 61.0% 110.0 38.918.1 274

2010 12 317.5%5.0% 2011 12 319.6% 6.9%2011 12 31 189.22010 12 31146.5 42.8 29.2% 2010 12 3124.2% 2011 12 3126.5% 275

201020112012 12 312013 5 31 12 31 5 31 2010 2011 2012 2013 112,994 112,644 118,730 142,976 124 101 79 80 2,772 2,027 1,676 1,772 1,497 1,451 953 1,325 4,754 5,109 18,703 23,530 122,141 121,332 140,141 169,683 79,688 100,115 93,778 79,430 66,707 58,144 71,979 52,921 84,910 124,976 142,002 161,740 4,002 14,160 15,097 15,470 138,717 184,458 186,435 99,801 344,024 481,853 509,291 409,362 6,068 5,375 5,218 374,024 487,921 514,666 414,580 496,165 609,253 654,807 584,263 10,000 10,000 10,000 10,000 6,278 8,511 12,773 14,764 (16,215) 30,741 69,044 79,357 63 49,252 91,817 104,121 (4,184) (4,206) (3,128) (1,870) (4,121) 45,046 88,689 102,251 276

12 31 5 31 2010 2011 2012 2013 20,000 20,000 3,583 3,409 7,041 6,390 1,188 1,799 2,502 4,467 4,771 25,208 9,543 30,857 243,320 298,947 287,119 226,759 40,664 4,548 12,655 8,648 2,702 2,915 3,576 4,156 178,855 164,239 231,238 208,433 9,974 15,590 4,356 2,526 20,000 50,000 15,000 495,515 536,239 553,944 450,522 2,760 2,631 633 495,515 538,999 556,575 451,155 500,286 564,207 566,118 482,012 496,165 609,253 654,807 584,263 (121,491) (51,078) (41,909) (36,575) 650 70,254 98,232 133,108 277

201020112012 12 312013 5 31 113.0112.6118.7 143.0 201020112012 12 312013 5 31124,000 101,00079,00080,000 50% 2010 10 12 2010 10 124.1 2011 49%2011 12 31 2013 5 315.2 0.6 20102011 2012 12 312013 5 314.0 14.215.115.5 201020112012 12 312013 5 31 4.85.118.7 23.520122013 2013 5 3112.0 2010 1 1 2010 12 31 2011 12 31 2012 12 31 2013 5 31 (46,538) (16,215) 30,741 69,044 79,357 278

2010 1 146.5 1995 5 1997 92000 7 2000 2004 2005 2013 13.02013 8 31 2010 12 31 16.220112012 12 312013 5 31 30.769.079.4 2010 12 31 279

12 31 5 31 9 30 2010 2011 2012 2013 2013 (1) 79,688 100,115 93,778 79,430 100,446 66,707 58,144 71,979 52,921 82,732 84,910 124,976 142,002 161,740 146,478 4,002 14,160 15,097 15,470 25,012 138,717 184,458 186,435 99,801 110,646 6,068 5,375 5,218 2,051 374,024 487,921 514,666 414,580 467,365 243,320 298,947 287,119 226,759 237,318 40,664 4,548 12,655 8,648 1,035 2,702 2,915 3,576 4,156 1,662 178,855 164,239 231,238 208,433 221,835 9,974 15,590 4,356 2,526 684 20,000 50,000 15,000 2,760 2,631 633 732 495,515 538,999 556,575 451,155 463,266 (121,491) (51,078) (41,909) (36,575) 4,099 (1) 280

201020112012 12 31 2013 5 31121.551.1 41.936.6 201020112012 12 312013 5 31 (1) (2) (i) (ii) 201020112012 12 312013 5 31 201020112012 12 312013 5 31 160.3207.9 192.6154.932.4% 38.6%34.6%34.3% 281

12 31 5 31 2010 2011 2012 2013 % % % % 495,515 100.0 538,999 100.0 556,575 100.0 451,155 100.0 (1) 69,163 14.0 93,213 17.3 69,812 12.5 59,401 13.2 (2) 91,089 18.4 114,639 21.3 122,828 22.1 95,513 21.1 160,252 32.4 207,852 38.6 192,640 34.6 154,914 34.3 (3) 178,855 36.1 164,239 30.5 231,238 41.5 208,433 46.2 339,107 68.5 372,091 69.1 423,878 76.1 363,347 80.5 201020112012 12 31 2013 5 3136.1%30.5%41.5%46.2% 17.9%21.6%18.4% 20.0% 201020112012 12 312013 5 31 1,261.21,472.11,534.6707.8 201020112012 12 312013 5 31 365.4404.3352.2152.5 282

5 31 12 31 2010 2011 2012 2013 43.6 (11.3) 63.3 (14.9) 43.6 104.1 62.9 5.3 2011 12 31 2013 5 3111.3 14.9 (i) (ii)(iii)2013 5 31 319.4 201.7 2013 (i) (ii) 2010 12 31121.52011 12 3151.1(i) (ii)2012 1 2012 12 3141.9 2013 5 31 36.6 2010 20112011 12 3145.0 2012 12 312013 5 3188.7 102.3 283

12 31 5 31 2010 2011 2012 2013 374,024 487,921 514,666 414,580 (495,515) (538,999) (556,575) (451,155) (121,491) (51,078) (41,909) (36,575) 122,141 121,332 140,141 169,683 (4,771) (25,208) (9,543) (30,857) (4,121) 45,046 88,689 102,251 201020112012 12 31 79.879.9104.5 2010 12 31 138.72011 12 31184.52012 12 31186.4201020112012 12 31 51.347.0 3.02013 5 317.9 (i) 2012 5 3133.2 13.72013 5 3119.5 (ii) 2012 12 312013 5 31 60.419.1 2013 5 31 2013 5 284

(iii) 2012 12 312013 5 31 4.82013 (iv) 2012 12 312013 5 3122.8 2012 12 312013 5 31 24.22013 5 31 99.8 (i) (ii) (iii) 285

(i)(ii) 12 286

5 31 12 31 2010 2011 2012 2013 79,829 79,940 104,298 (18,551) 8,040 (19,680) (49,049) (70,983) (36,524) (13,261) (52,220) 3,305 51,345 46,999 3,029 (86,229) 138,717 184,458 186,435 99,801 2013 5 31 18.6 19.5 8.3(i) 34.9(ii) 14.3(iii)372,000(iv) 84.2(v) 373,000(vi)9.0 2013 5 311.6 2012 12 31104.3 59.5 16.4(i) 19.1(ii) 287

6.3(iii)498,000(iv) 61.9(v) 937,000(vi)21.9 2012 12 311.5 2011 12 3179.9 68.4 15.9(i) 32.8(ii) 20.4(iii)46,000(iv) 71.2(v) 10.2 (vi)12.8 2011 12 310.5 2010 12 3179.8 44.7 14.7(i) 15.4(ii) 2.4(iii)0.6(iv) 49.1(v) 2.5 (vi)7.3 2010 12 311.6 2013 5 3171.0 61.3 32.8 23.026,000 288

2012 12 31 49.0 110.0 20.0 81.0 2011 12 31 19.7 52.1 20.5 33.0 19.5 469,000 2010 12 31 8.0 81.4 1.01.2 33,000 48.9 26.7 2013 5 313.3 20.015.0 450,0001.2 2012 12 31 52.2 55.0 1.0 1.0 220,000 5.0 289

2011 12 31 13.3 35.0 47.0 24.3 85.0 8.1 2010 12 31 36.5 130.0 20.8 5.5 55.0 58.3 5.51.0 290