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2 壹致股東報告書 2 7 10 11 12 貳公司簡介 12 13 20 參公司治理報告 20 22 34 50 51 52 53 56 59 60 肆募資情形 60 67 69 70 71 71 71 72 伍營運概況 72 75 79 80 81 85 92 陸財務概況 92 94 97 98 164 248 柒財務狀況及經營結果之檢討分析與風險事項 248 249 249 250 250 250 251 252 捌特別記載事項 252 264 264 264 264

( ) 99 1. 99 Alphaliner 99 98 18% 2. 98 Alphaliner 99 1 151 TEU 11.6% 99 2

2010 Annual Report 3. 98 99 4. 98 99 ( ) 99 3

1. 2. 3. 4. 5. 6. 7. 4

2010 Annual Report ( ) 99 167.6 170.3 101.61% ( ) 1. 99 170.3 98 150.6 19.7 99 151.7 98 130.8 20.9 2. 18.14% 25.22% 89.07% ( )4.94 5

( ) 1. 2. 97 99 11 6

2010 Annual Report 3. 99 Cargonews Asia - ( ) 100 7

1. 2. 3. 4. 5. 6. 7. 8. ( ) 1. 100 1 100 99 7.1% Drewry 99 12 100 7.3% 8

2010 Annual Report 4.2% 4.4% 2.3% 3.0% 2. Alphaliner 100 100 8.7% 99 9.2% 9

壹致股東報告書三受到外部競爭環境法規環境及總體經營環境影響 ( 一 ) 外部競爭環境 1. 據統計 2011 年全球運能成長幅度低於 2010 年但由於 2011 年大型新船的數量多市場預期將會造成遠歐航線與太平洋航線的運能供過於求 2. 部份區域型船公司利用低價租船跨足東西向遠洋航線並主打廉價訴求影響遠洋市場的競爭態勢 3. 基於貨量成長的預期 2010 年底與 2011 年初的冬季減艙比率低艙位供需失衡造成運價下滑的壓力 ( 二 ) 法規環境 1. 中國與東協國家的自由貿易協定促進雙邊的經貿交流為亞洲近洋市場注入持續成長的動能 2. 繼早收清單之後兩岸在 ECFA 的架構下協商擴大關稅減免的適用範圍刺激兩岸航線的貨量成長 3. 中國的十二五規劃可望提升人均所得與進口貨量此外並可縮小與出口的差距減少空櫃搬運成本 10

2010 Annual Report ( 三 ) 總體經濟環境 1. 隨著全球的經濟景氣復甦預期消費需求將持續回升帶動市場貨量成長 2. 因石油等原物料以美元計價美國量化寬鬆的貨幣政策導致美元貶值引發油價上漲 3. 中東與北非的政治動亂造成國際油價攀升加重船公司的成本負擔四未來公司發展策略本公司向來以提供安全便捷貼心的運送服務為職志在新的一年除了感謝股東們長期以來的託付與信任更將以穩健的步伐迎接經營環境的挑戰面對市場變化與同業競爭唯有持續提升競爭力方能開創營運新局因此本公司將以客戶的需求為基礎除了維持高效率的運輸服務之外更將持續電子商務的研發讓服務品質能夠與時俱進以優質的服務維繫客戶的支持基於永續經營的理念為奠定公司未來的成長潛力我們將持續研究造船與租船市場的走向掌握適當的時機進行船隊的擴充為將來的成長作好準備 11

1 2 57 58 / ( ) 61 / ( ) 63 64 / 65 / 66 67 / 68 / / 71 G 12

2010 Annual Report 73 / 74 / 75 76 78 / 82 82 83 / / / / / 84 85 / / / / / 13

86 / / / NK / 87 / / 88 89 90 (DNV) ISO-9001:2000 ( )(TESCO) 14

2010 Annual Report TEU 91 / / (NUE) / / (WAE) CMA CGM / ANLHANJIN / / (Environmental Excellence Award) ZIM / ZIM / (Safety, Quality & Environmental Management) ISO 9001:2000 92 CMA CGM / CMA CGM Lloyd's List (Excellence in Commitment to Training) LOG NET First Annual LOG-NET E-Commerce Excellence Award 15

Hapag- Lloyd Simatech Shipping & Forwarding LLC / / S 93 LOG NET 2004 (LOG-NET E-Commerce Excellence Award) Hapag Lloyd TEU 94 PCT (Cosco) / / (JHX) FRS Global Marine Russia Limited(GMR) 2005 16

2010 Annual Report 95 (FRS) / / CIX / / (THX) / / CUE / (CSI) (ECSA) (ESA) 2006 / / / / / / 96 / / (ESA) / (FAX) / (SRS / (NSE/NS6) / (AEM) 2007 17

/ (AU3) 97 / (CEM) / (KHP) (TFS) / (JAS) / / (TCA) / (FPS) (Wal-Mart Stores Inc.) 2007/2008 (AFS) / / (JTP) / (AANAAS) (EGDL) 2008 / / (UAE) / / (CPS) / (HBT) 98 Sea Consortium Pte Ltd. (ASX) (GF1) (GF2) / (NSA) / (NSB) (ESA) / (CEM) / (AUE2) / / / (HTW) 18

2010 Annual Report / / (ESA) / (CSE) CKYH / (TAE) Lloyd's List (The Corporate Social Responsibility Award) Norasia / (FEM) / (PNW) 2009 99 Simatech / (EAF) / (CPS2) / (HBS) / (AEX7) L Simatech / / AGI / / (JVT) Lloyd's List Newsmaker of the year MCC Transport / (MBS) Simatech / (CIX2) 19

( ) 1. 2. / / / / ( ) / / 20

2010 Annual Report ( ) STOCKHOLDERS MEETING PUBLIC RELATIONS DIV. SUPERVISORS PERSONNEL DIV. BOARD OF DIRECTORS CHAIRMAN VICE CHAIRMAN CLINIC DIV. FINANCE DIV. GENERAL AFFAIRS DEPT. AUDITING DIV. LABOR SAFETY & HEALTH DIV. PRESIDENT INTERNATIONAL COORDINATING DIV. INTERNATIONAL BUSINESS DIV. LOGISTICS DIV. PROJECT DIV. MARINE DIV. ENGINEERING DIV. KAOHSIUNG TERMINAL DIV. 21

( ) 1. 100 4 30 ( ) ( 1) ( 2) ( 2) ( ) 98.06.19 3 93.06.24 405,813 0.013 405,813 0.013 0 0.000 0 0.000 ( ) ( ) 98.08.27 2 10 98.08.27 0 0.000 32,748 0.001 54,629 0.002 0 0.000 98.06.19 3 77.03.25 335,852,401 10.972 335,852,401 10.636 0 0.000 0 0.000 ( 3) 99.02.25 2 4 99.02.25 0 0.000 7,668 0.000 0 0.000 0 0.000 ( ) ( ) 98.06.19 3 57.09.03 189,535,531 6.192 189,535,531 6.002 30,494,564 0.966 0 0.000 ( ) ( ) ( ) 98.06.19 3 93.06.24 405,813 0.013 405,813 0.013 0 0.000 0 0.000 98.06.19 3 71.06.12 0 0.000 1,241,188 0.039 0 0.000 0 0.000 ( ) ( ) ( ) 98.06.19 3 77.03.25 335,852,401 10.972 335,852,401 10.636 0 0.000 0 0.000 ( 3) 100.01.01 1 6 100.01.01 0 0.000 0 0.000 0 0.000 0 0.000 ( ) 22

2010 Annual Report ( ) ( 1) ( 2) ( 2) ( ) 98.06.19 3 93.06.24 405,813 0.013 405,813 0.013 0 0.000 0 0.000 99.02.25 2 4 99.02.23 ( 4) 0 0.000 0 0.000 5 0.000 0 0.000 ( ) ( ) 98.06.19 3 98.06.19 3 77.03.25 335,852,401 10.972 335,852,401 10.636 0 0.000 0 0.000 ( 3) 65.09.02 0 0.000 238,653,173 7.558 38,302,357 1.213 0 0.000 ( 5) ( ) ( ) ( ) ( ) 98.06.19 3 96.06.27 134,111,410 4.381 134,111,410 4.247 0 0.000 0 0.000 ( ) 98.06.19 3 71.06.12 ( 6) 0 0.000 79,350 0.002 0 0.000 0 0.000 ( ) ( ) ( ) ( ) ( ) 98.06.19 3 96.06.27 134,111,410 4.381 134,111,410 4.247 0 0.000 0 0.000 ( ) 98.06.19 3 96.06.27 0 0.000 0 0.000 927 0.000 0 0.000 ( ) ( ) ( ) 198.06.19 3,060,938,941 2 100.04.30 3,157,653,807 3 78.10.27 90.06.19 96.06.27 98.06.18 4 99.02.23 99.02.24 99.02.25 5 88.01.01 90.06.19 93.06.24 97.06.18 6 72.04.01 72.06.10 73.06.12 81.05.08 23

2. 100 4 30 1 2 (56.33%) (20%) (20%) (0.28%) (0.24%) (0.12%) (0.12%) (0.08%) (0.08%) (0.07%) 20%20%20% 20%20% 100% 1 2 ( ) 3. 100 4 30 1 2 (19.32%) (14.41%) (5.00%) (3.04%) (3.02%) (2.30%) (1.61%) (1.47%) (1.31%) (0.93%) (28.86%) (16.67%) (12.9%) (12.19%) (7.14%) (5.81%) (5.1%) (5%) (5%) (1.33%) Venezio Investments Pte. Ltd.(43.74%)Citibank Nominees Singapore Pte Ltd (11.19%)DBS Nominees Pte Ltd (9.32%) HSBC (Singapore) Nominees Pte Ltd (4.36%)Raffles Nominees (Pte) Ltd (4.17%)DBSN Services Pte Ltd (3.51%)United Overseas Bank Nominees Pte Ltd (3.28%)Morgan Stanley Asia (Singapore) (0.59%)DBS Vickers Securities (S) Pte Ltd (0.41%) BNP Paribas Securities Services Singapore (0.40%) 1 2 ( ) 24

2010 Annual Report 4. 100 4 30 ( 1 ) ( 2 ) 1 2 3 4 5 6 7 8 9 10 3 3 3 3 3 3 3 3 3 0 3 3 3 3 3 3 3 3 0 3 3 3 3 0 3 3 3 3 3 3 3 3 3 0 3 3 3 3 3 3 3 3 0 3 3 3 3 3 3 3 0 3 3 3 0 3 3 3 3 3 3 0 3 3 3 3 3 3 3 0 1 2 3 (1) (2) ( ) (3) (4) (5) (6) (7) (8) (9) 30 (10) 27 25

( ) 100 4 30 ( ) 100.01.01 0 0.000 0 0.000 0 0.000 ( ) 99.12.01 0 0.000 0 0.000 0 0.000 96.01.01 5,147 0.000 0 0.000 0 0.000 100.04.21 0 0.000 0 0.000 0 0.000 95.03.29 0 0.000 0 0.000 0 0.000 98.10.01 0 0.000 0 0.000 0 0.000 93.08.05 0 0.000 0 0.000 0 0.000 97.01.01 78,976 0.003 938 0.000 0 0.000 97.01.01 0 0.000 0 0.000 0 0.000 95.01.01 629 0.000 0 0.000 0 0.000 97.02.16 0 0.000 0 0.000 0 0.000 100.01.01 180 0.000 0 0.000 0 0.000 ( ) ( ) ( ) ( ) 26

2010 Annual Report ( ) 100.01.01 0 0.000 0 0.000 0 0.000 ( ) 98.01.01 16,005 0.000 0 0.000 0 0.000 100.01.01 0 0.000 0 0.000 0 0.000 100.01.01 0 0.000 108 0.000 0 0.000 95.01.01 10,700 0.000 9,352 0.000 0 0.000 97.01.01 7,136 0.000 0 0.000 0 0.000 100.01.01 0 0.000 288 0.000 0 0.000 98.01.01 5,350 0.000 0 0.000 0 0.000 95.01.01 0 0.000 0 0.000 0 0.000 93.10.16 453 0.000 0 0.000 0 0.000 98.04.01 0 0.000 0 0.000 0 0.000 98.10.01 0 0.000 0 0.000 0 0.000 ( ) ( ) LKB LAWRENCE TECHNOLOGICAL UNIVERSITY BUSINESS ADMINISTRATION 27

( ) 97.02.20 0 0.000 0 0.000 0 0.000 95.04.01 0 0.000 0 0.000 0 0.000 100.01.01 0 0.000 0 0.000 0 0.000 100.01.01 0 0.000 0 0.000 0 0.000 100.01.01 1,000 0.000 0 0.000 0 0.000 96.07.01 722 0.000 512 0.000 0 0.000 97.01.01 110 0.000 0 0.000 0 0.000 98.09.24 0 0.000 0 0.000 0 0.000 95.01.01 0 0.000 0 0.000 0 0.000 100.01.01 0 0.000 979 0.000 0 0.000 LLOYD TRIESTINO 98.01.01 0 0.000 0 0.000 0 0.000 100.01.01 0 0.000 0 0.000 0 0.000 28

2010 Annual Report ( ) ( ) 1. ( ) (A) AB C D (B) (C) (D) (E) (F) (G) (H) ABC DEF G ( ) ( 1) ( ) ( ) ( 2) 3,897 12,916 2,970 2,970 46,000 46,000 0 0 0.35 0.35 4,467 4,467 0 0 0 0 0 0 0 0 0.38 0.37 94 ( 3) ( ) ( 4) ( 5) 1 99.02.25 100.01.01 2 99.02.23~99.02.24 99.02.25 ( ) 3 99.03.01 100.01.01 4 99.02.25 ( ) 5 99.02.23 (A+B+C+D) (A+B+C+D+E+F+G) 2,000,000 2,000,000 5,000,000 - - - - 5,000,000 10,000,000 10,000,000 15,000,000 15,000,000 30,000,000 - - 30,000,000 50,000,000 - - - - 50,000,000 100,000,000 - - - - 100,000,000 - - - - 9 9 9 9 29

2. (A) (B) ( ) (C) AB C 0 0 9,000 9,000 0 0 0.06 0.05 0 99 (A+B+C) 2,000,000 2,000,000 5,000,000 - - 5,000,000 10,000,000 10,000,000 15,000,000 - - 15,000,000 30,000,000 - - 30,000,000 50,000,000 - - 50,000,000 100,000,000 - - 100,000,000 - - 2 2 30

2010 Annual Report 3. ( 3) ( 4) (A) (B) ( 1) (C) (D) ( 2) AB C D % 24,481 24,481 0 0 10,914 10,914 1,005 0 1,005 0 0.24 0.20 0 0 1 2 99 3 99.3.1 4 99.12.1 2,000,000 2,000,000 5,000,000 5,000,000 10,000,000 - - 10,000,000 15,000,000 - - 15,000,000 30,000,000 - - 30,000,000 50,000,000 - - 50,000,000 100,000,000 - - 100,000,000 - - 12 12 31

4. 99 12 31 1 % 0 2,916 2,916 0.02 1. 99 12 31 2. 32

2010 Annual Report ( ) A. 98 99 98 99-0.06% 0.38% -0.13% 0.37% 0.00% 0.06% 0.00% 0.05% -0.35% 0.24% -0.28% 0.20% B. 33

( ) 99 8 ( 1) ( ) (B) ( ) (%) B/A( 2) ( ) 7 1 87.50% 7 1 87.50% 0 8 0% ( ) ( ) 8 0 100% 7 1 87.50% 8 0 100% 0 7 0% 8 0 100% 8 0 100% 14 3 34

2010 Annual Report ( ) 99 2 26 ( ) 6 ( ) 99 12 24 ( ) 1,618 TEU - (Uni-Promote) ( ) ( ) 4 (Evergreen Heavy Industrial Corp.(Malaysia) Berhad) 16,300 ( ) 5 ( ) 98 100 ( ) A 1 2 (1) ( ) (%) ( ) (2) ( ) (%) ( ) 35

( ) 1. 2. 99 8 A B % B/A( ) 8 100% 8 100% ( ) E-Mail ( ) (%) (%) 36

2010 Annual Report ( ) ( ) ( ) ( ) ( ) ( ) ( ) 1. ( http://www.evergreen-marine. com) 2. ( http://stock.evergreen.com. tw) ( ) 37

100 9 30 ( ) 1. ( ) 2. 3. 4. ( ) ( ) 1. 100 3 4 LCD 3 2. 100 3 4 LCD 3 3. (1) 98 1 8 2009 3 (2) 100 3 4 LCD 3 38

2010 Annual Report 4. 100 3 4 LCD 3 5. 100 3 4 LCD 3 6. (1) 98 1 8 2009 3 (2) 100 3 4 LCD 3 7. (1) 98 1 8 2009 3 (2) 100 3 4 LCD 3 ( ) : ( ) 39

( ) ( ) ( ) ( ) 39 40

2010 Annual Report ( ) ( ) ( ) ( ) : (1) (2) (3) (4) (5) (6) (European Commission)! 41

( ) ( ) ( ) ( ) ( ) ( ) 2010 3 http://www.evergreen-line.com/tw/enviro ( ) 42

2010 Annual Report (1) (2) 2009 (3) 2010 6 16 (UNI-PACIFIC) 7 (4) (5) ( ) DNV ISO 9001 ( DNV ) ( ) http://newmops.tse.com.tw http://stock.evergreen.com.tw/ 43

( ) 1. A 2. 100 3 4 LCD (3 ) 3. (1) 1. 1. 99 3 18 2. 99 5 31 3. 99 11 18 1. 2. 3. /3 2. ~ /6 3. - /6 1. 1. 99 7 30 2. 99 10 27 1. 2. /6 2. - /6 1. 99 5 20 2. 99 10 19 1. 2. 1. /6 2. /6 1. 99 4 22 2. 99 9 21 1. 2. 1. /6 2. /6 (CIA) 44

2010 Annual Report 1. 99 6 4 2. 99 8 23 1. 2. 1. ~IFRS /6 2. /6-99 6 28 /18-1. 1. 99 3 11 2. 99 8 20 1. 2. ~ /6 2. ~ /6-1. 1. ~ 1. 99 5 18 2. 99 8 30 2. /6 2. ~ /6 99 5 19 99 5 20 /12 - (2) 99 9 14 /3 99 12 27 99 12 28 99 12 27 99 12 28 /3 /9 45

( ) 1. 100 3 25 99 ( ) ( ) 1. 2. 3. 4. 5. 46

2010 Annual Report 99 12 31 ( ) 100 3 22 7 47

2. ( ) ( ) 1. 99 (1) 98 (2) 2. 99 2 26 (1) 99 3 1 (2) 99 3 1 99 3 19 (1) 98 (2) (3) 99 (4) 99 99 4 28 (1) 98 (2) 98 (3) (4) 99 7 19 (1) SAMSUNG HEAVY INDUSTRIES CO., LTD. 6 8,000 TEU (2) 99 (3) (4) 1 99 8 16 (1) 99 (2) 99 8 17 3 48

2010 Annual Report 99 10 29 (1) SAMSUNG HEAVY INDUSTRIES CO., LTD. 7 8,000 TEU (2) 99 7 2 SAMSUNG HEAVY INDUSTRIES CO., LTD. 8,000 TEU 6 2 99 11 18 (1) C 26 14 (2) 99 12 1 99 12 24 (1) 99 12 24 3 (2) ( ) 1,618 TEU - (Uni-Promote) (3) (Evergreen Heavy Industrial Corp.(Malaysia) Berhad) 16,300 (4) 100 (5) 100 1 1 101 6 18 (6) 100 1 1 100 3 22 (1) Clove Holding Ltd. (2) 99 (3) 99 (4) (5) 99 (6) (7) 100 (8) 100 3 22 3 (9) (10) (11) 100 100 4 29 (1) 100 4 29 3 49

(2) (3) (4) ( ) ( ) 100 4 30 99 3 1 100 1 1 100 1 1 95 4 24 99 12 1 ( ) 12,430-38 - 3,092 3,130 990101-991231 1. 2. IFRS 3. 25% 50

2010 Annual Report ( ) ( ) ( ) 99 7 19 ( ) V ( ) 51

( ) 99 7 19 ( ) 10 5 1 2 3 52

2010 Annual Report ( ) 99 100 4 30 ( ) ( ) ( ) ( ) ( ) 0 0 0 0 0 0 0 0 0 0 0 0 5,000 (0) 0 0 0 0 0 0 0 ( ) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ( ) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ( ) 0 0 0 0 0 0 0 0 53

99 100 4 30 ( ) ( ) ( ) ( ) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 54

2010 Annual Report 99 100 4 30 ( ) ( ) ( ) ( ) ( ) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,000 (0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ( ) ( ) 55

1 3 ( ) 335,852,401 10.64 0 0 0 0 238,653,173 7.56 38,302,357 1.21 0 0 226,100,026 7.16 0 0 0 0 56

2010 Annual Report 1 3 ( ) 189,535,531 6.00 30,494,564 0.97 0 0 134,111,410 4.25 0 0 0 0 133,831,750 4.24 0 0 0 0 57

1 3 ( ) 100,177,539 3.17 33,747,129 1.07 0 0 66,830,452 2.12 63,777,439 2.02 0 0 63,777,439 2.02 66,830,452 2.12 0 0 62,741,000 1.99 0 0 0 0 1 2 3 58

2010 Annual Report 424,062 39.74 43,971 4.12 468,033 43.86 572,257 19.32 137,457 4.64 709,715 23.96 5,500 55.00 0 0 5,500 55.00 4,800 31.25 0 0 4,800 31.25 44,664 40.00 0 0 44,664 40.00 88,344 21.03 41,000 9.76 129,344 30.80 Peony Investment S.A. 4,765 100.00 0 0 4,765 100.00 59

( ) 95.03 10 3,300,000,000 33,000,000,000 2,725,167,586 27,251,675,860 17,642,988 09501070730 09501196770 95.08 10 3,600,000,000 36,000,000,000 2,915,929,317 29,159,293,170 190,761,731 0950130032 96.03 10 3,600,000,000 36,000,000,000 2,923,345,834 29,233,458,340 7,416,517 09601098960 96.06 10 3,600,000,000 36,000,000,000 2,923,482,670 29,234,826,700 136,836 09601168080 96.08 10 3,600,000,000 36,000,000,000 2,929,700,491 29,297,004,910 6,217,821 09601227620 96.10 10 3,600,000,000 36,000,000,000 3,018,667,767 30,186,677,670 88,967,276 09601280960 96.12 10 3,600,000,000 36,000,000,000 3,033,539,954 30,335,399,540 14,872,187 09701005250 97.03 10 3,600,000,000 36,000,000,000 3,044,710,377 30,447,103,770 11,170,423 09701087150 97.06 10 3,600,000,000 36,000,000,000 3,060,844,007 30,608,440,070 16,133,630 09701177730 60

2010 Annual Report 97.08 10 3,600,000,000 36,000,000,000 3,060,938,941 30,609,389,410 94,934 09701244270 98.08 10 3,600,000,000 36,000,000,000 3,062,599,149 30,625,991,490 1,660,208 09801220320 99.08 10 3,600,000,000 36,000,000,000 3,065,493,353 30,654,933,530 2,894,204 09901200810 99.12 10 3,600,000,000 36,000,000,000 3,104,405,427 31,044,054,270 38,912,074 10001006760 100.03 10 3,600,000,000 36,000,000,000 3,155,787,541 31,557,875,410 51,382,114 10001067360 1 2 3 4 5 ( ) 3,157,653,807 442,346,193 3,600,000,000 100.04.30 : 61

( ) 100 4 26 8 47 250 436 114,287 115,028 40,656,982 166,678,487 525,485,232 878,962,467 1,545,870,639 3,157,653,807 (%) 1.29 5.28 16.64 27.84 48.95 100 ( ) 10 100 4 26 (%) 1 999 46,419 12,718,943 0.40 1,000 5,000 45,866 106,317,021 3.37 5,001 10,000 11,610 87,310,090 2.77 10,001 15,000 3,753 46,401,046 1.47 15,001 20,000 2,313 42,150,918 1.33 20,001 30,000 1,772 44,915,537 1.42 30,001 40,000 770 27,408,371 0.87 40,001 50,000 573 26,719,786 0.85 50,001 100,000 969 70,075,455 2.22 100,001 200,000 417 59,069,299 1.87 200,001 400,000 218 60,902,405 1.93 400,001 600,000 105 50,619,382 1.60 600,001 800,000 43 30,071,732 0.95 800,001 1,000,000 30 27,388,698 0.87 1,000,001 170 2,465,585,124 78.08 115,028 3,157,653,807 100.00 62

2010 Annual Report ( ) (%) 335,852,401 10.64 238,653,173 7.56 226,100,026 7.16 189,535,531 6.00 134,111,410 4.25 133,831,750 4.24 100,177,539 3.17 66,830,452 2.12 63,777,439 2.02 62,741,000 1.99 63

( ) 98 99 100 4 30 8 ( 1) ( 2) 21.60 31.80 31.50 12.25 16.30 22.10 17.27 22.98 27.40 17.78 21.06 21.93 17.78 - - 3,061,502 ( ) 3,070,781 ( ) 3,144,162 ( ) 3-3.22 4.94 0.42-1 - - 1 - - - - 4 - - - 5-5.36 4.65-6 - 22.98-7 - 0.0435-1 2 3 4 5 6 7 8 64

2010 Annual Report ( ) 1. 10% 0.5% 5% 10% 2. 99 100 (1) 100 1 (2) 55,000,000 (3) 40,000,000 ( ) 100 ( ) 1. 10% 0.5% 5% 2. (1) (2) 65

3. (1) 40,000,000 0 55,000,000 99 (2) 0 0% (3) 4. ( ) 66

2010 Annual Report ( ) 98 7 23 98 8 7 0% 0% 3 101 7 23 5 103 8 7 ( ) ( ) ( ) 100% ( ) 100% ( ) 98 8 24 101 7 13 84,146,752 98 9 8 103 7 28 29,695,608 67

( ) 98 99 100 04 30 109 157 157 100 103.2 118 104.61 119.36 138.48 20.04 20.04 20.04 98 8 7 20.04 ( ) 98 99 100 04 30 82,481,030 82,481,030 84,146,752 84,146,752 30.31 30.31 29.71 29.71 107 108.6 110 111.3 100 100 100.3 101.2 103.48 105.02 104.83 105.2 98 7 23 68

2010 Annual Report ( ) ( ( ) ) ( 98 7 23 ) ( 98 8 7 ) ( ) ( ) ( ) 69

85 8 2 86 09 02 87 09 10 88 10 06 89 10 26 90 11 07 91 10 08 92 10 15 93 11 26 94 10 21 95 09 27 115,000,000-18.35-6,267,030 GDRS 2,053,122 GDRS 10 10 - - Citibank N.A. New York Citibank N.A. New York Citibank Taiwan Limited Citibank Taiwan Limited - 344,711 GDRS 99 100 100 4 30 10.58 5.18 7.37 10.75 7.73 10.07 70

2010 Annual Report 85 6 19 (85) ( ) 35410 85 8 2 6,267,030 62,670,300 18.35 ( 505 ) 115,000,000 2,053,122 100 4 30 8,320,152 83,201,579 344,711 3,447,169 ( ) 98.7.9 98.7.28 0980034141 0980034142 2,500,000 2,500,000 2,500,000 3 2,500,000 5 98.7.22 98.8.6 ( ) 71

( ) 99 1. 99 4 (TPS) 4,200 TEU 6,300 TEU 2. 99 5 (PNW) UAM ( ) 2,700 TEU 5,400 TEU 3. 99 5 (CPS-2) 99 12 - / 1. 99 5 - (FEM) (PNW) 1 UAM - 2 2. 99 6 2 AEX-7 (Zeebruge) 3. 99 1 (1) (Ravenna) (Beirut) 2 (2) 2 (Ashdod) (Alexandria) (3) (Benghazi) - / 99 5 - - (ESA) 2 72

2010 Annual Report 1. 99 3 - (CPT) 2. 99 6 - (HBS) 3. 99 12 MCC Transport - (MBS) (Chittagong) 99 5 Simatech 99 42 5 5 8 7 10 7 42 ( ) 99 3,187 TEU 98 22.1% 99 12% Drewry 99 12 99 13% 98 Alphaliner 98 150 99 73

1. Alphaliner 99 581 151 TEU 11.6% 4 100 TEU 2. Alphaliner 99 11 62.5 TEU 4.4% - - - - 93% 80% 76% 60% ( ) 99 5 (Mombasa) (Dar es Salaam) (Nairobi) (Kampala) 100 ( ) 1. 2. 3. 4. 74

2010 Annual Report 1. 2. 3. 4. 5. ( ) (1) 99 Datamyne 99 98 18.9% $1,100/40 8 $2,650/40 100 (TSA) 100 8~10% (2) 99 4.2% 100 JOC (TPM) 99 11% (3) 98 CTS 99 98 19.2% 98 13.4% Alphaliner 100 47 10,000 TEU 75

(4) CTS 99 98 4.3% 99 99 100 (5) 99 2 JOC 99 98 12% 100 100 1 2.3% 3.0% GDP 60% (6) 99 JOC 99 98 16% 98 (7) 99 (ECLAC) 99 6% 99 100 4.2 100 9 76

2010 Annual Report (8) 99 98 99 100 (9) 99 99 4 99 5 103 105 (10) 99 99 100 (11) 98 1 $4099 $70 $90 IRA 99 17% 99 8 OOCL Simatech AGI 100 77

(12) 99 1 IADA 99 98 21.5% 100 IADA 10% (13) 99 98 (14) 99 ( ) ( ) ( ) ( ) ( ) 78

2010 Annual Report ( ) 99 98 104,680,813 77,147,304 660,245 1,048,861 1,767,410 1,664,125 261,955 9,994 1,982,753 2,066,031 109,353,176 81,936,315 98 99 100 4 30 1087 1042 999 171 168 174 1258 1210 1173 39.6 40.3 40.3 12.7 13.6 13.8 0.0% 0.0% 0.0% 7.2% 7.4% 7.1% 80.3% 79.7% 79.9% 6.0% 5.1% 5.3% 6.5% 7.8% 7.7% 79

( ) 99 99 1. USD 72,570.00 2. (IMO) (Emission Control Area) USD 296,475.00 3. USD 1,528,374.72 4. (CARB) 24 Marine Gas Oil USD 928,505.25 ( ) 1. (CARB) 98 7 1 24 Marine Gas Oil 2. 3. 4. 5. 6. IOPPIAPP ISPP 7. (GARD Protection and Indemnity- GARD P&I) 8. (Vessel Certificate of Financial Responsibility- COFR) 9. 0.1 % m/m 10. 10 0.2 % m/m 11. Cut-Out 12. 80

2010 Annual Report ( ) 1. 99/01/01 0.1 % m/m 2. 99/11/10 A IMO International Maritime Organization MEPC-Maritime Environment Protection Committee IOPP-International Oil Pollution Prevention IAPP-International Air Pollution Prevention ISPP-International Sewage Pollution Prevention ( ) 1. 2. ( ) 3. 4. 5. 6. 7. 8. 9. 10. ( ) 1. 2. (1) 81

(2) 3. 4. 5. 6. (Marketing) (Logistics) 7. NT$10,000 8. TOEIC TOEIC 9. 10. 1,482 6,443,736 NT$580,735 82

2010 Annual Report 4 147 3 173 3 48 2 19 ISPS SSO 3 22 1 119 2 45 3 198 2 40 EP( ) 2 262 EP( ) 1 443 1 192 1 36 2 74 30 1,818 ( ) 75 12 24 56846 15 ( ) 1 2 45 6 94 7 1 83

( ) ( ) 1. 2 2. ( ) 1. 2. / 3. 4. 5. 6. 7 8. 9. 10. 11. 12. ( ) 1. 2. 3. 4. 5. 24 6. 95 2 5 84

2010 Annual Report ( ) YANG MING 98 9 4 MARINE, ( ) TRANSPORT CORP. 60 FUJIAN FOREIGN 97 3 1 TRADE CENTRE 98 2 28 ( ) SHIPPING CO. / 90 OOCL(ASIA 99 1 19 OOCL PACIFIC) LTD 99 7 18 (, ( / 30 / / ) ) B E N G A L T I G E R 98 11 29 BTL LINE 99 5 28 ( / (, / ) 30 ) NINGBO OCEAN 99 5 13 SHIPPING CO., LTD 100 5 12 / 90 CHINA UNITED 99 9 27 LINES LTD. 100 9 26 / 90 85

WAN HAI LINES : 97 9 12 WHL LTD. : 98 9 11 ( / / (, ) 90 ) WAN HAI LINES : 99 7 3 WHL LTD. : 100 1 2 ( / ) 100 (, 2 2 90 ) 1. OOCL(ASIA 95 4 30 2 PACIFIC) LTD. 96 4 29 2. YANGMING (UK) (, ( / / LTD. 90 ) ) 1. WAN HAI LINES 95 4 30 2 LTD. 96 4 29 2. HAPAG-LLOYD (, ( / / / CONTAINER LINE 90 ) ) 1. OOCL(ASIA 99 8 20 2 PACIFIC) LTD 100 2 19 2. SIMATECH (, ( - - SHIPPING PTE 60 ) LTD ) SIMATECH 100 1 6 SSF SHIPPING PTE LTD 100 6 5 ( - ) (, 90 ) 86

2010 Annual Report SIMATECH 98 10 17 SSF SHIPPING & 99 10 16 ( ) FORWARDING (, L.L.C. 90 ) SEA CONSORTIUM 97 12 15 SEACON PTE LTD., 90 ( ) MCC TRANSPORT 91 10 15 MCC SINGAPORE 93 4 14 ( / / PTE LTD. (, / / 90 ) ) INTERASIA LINES : 99 9 23 IAL SINGAPORE PTE 100 1 20 ( / LTD / ) MCC TRANSPORT 99 10 31 MCC SINGAPORE PTE 100 1 30 ( / / LTD ) MCC TRANSPORT 99 10 31 MCC SINGAPORE PTE 100 1 30 ( / / LTD ) MCC TRANSPORT 99 12 17 MCC SINGAPORE PTE ( / LTD 90 ) 87

( ) HAMBURG SUD 90 9 26 91 9 25 ( / 971031 (, ) HAMBURG SUD 90 ) 98131 CMA CGM S.A. 91 3 15 CMA CGM 92 3 31 (, ( / ) 90 ) HYUNDAI 96 6 4 TNWA 97 6 3 ( ( / ) 3 9 ) 98 4 1 COSCO 88 5 13 COSCON CONTAINER LINE 90 ( / ) COSCO 88 5 13 COSCON CONTAINER LINE 90 ( / ) COSCO 95 5 13 COSCO CONTAINER LINE ( / ) 90 2008.05.24 MAERSK 96 5 15 MAERSK 90 ( / ) 88

2010 Annual Report HYUNDAI 96 7 15 TNWA 90 97 5 ( / ) 29 MAERSK 96 12 1 97 11 30 ( / ) 90 MOL 97 5 14 MOL 99 5 13 ( / ) 18 99 4 1 MOL 97 5 14 MOL 99 5 13 ( / ) 18 99 4 1 MOL 98 5 14 99 5 13 MOL ( / ) 18 99 4 1 89

1. HAMBURG SUD 97 10 30 4 2. HAPAG LLOYD 98 10 29 3. HYUNDAI ( / ) MERCHANT 180 MARINE 4. APL CO. China Shipping 98 6 17 CSC Container Lines 100 6 16 ( / ) 6 18 China Shipping 99 00 00 CSC Container Lines 101 00 00 ( / ) 6 18 CKYH 98 9 21 CKYH 99 9 20 ( / ) 6 2010.03.21 CSAV NORASIA 98 11 8 CSAV 99 5 7 ( / ) 30 90

2010 Annual Report MOL 99 4 10 MOL 100 4 9 ( / ) 9 MOL 99 4 10 MOL 100 4 9 ( / ) 9 China Shipping 98 6 15 CSCL Container Lines 100 6 14 ( / ) 6 18 China Shipping 98 6 15 CSCL Container Lines 100 6 14 ( / ) 6 18 China Shipping 98 10 14 CSCL Container Lines 99 4 30 ( / ) Nippon Yusen 99 2 1 NYK Kaisha 99 7 30 ( / ) 91

( ) 99 98 97 96 95 100 3 31 ( ) 9,968,985 11,639,249 12,253,721 11,599,365 14,322,105 9,249,530 68,104,188 57,746,286 69,148,658 68,356,346 60,774,259 70,856,455 11,360,775 10,838,750 12,630,631 10,785,775 9,648,175 12,968,548 16,072 37,756 59,440 81,124 102,808 16,073 206,384 264,520 130,720 140,274 193,568 199,623 89,656,404 80,526,561 94,223,170 90,962,884 85,040,915 93,290,229 10,636,628 6,927,545 11,144,598 12,737,552 15,647,788 7,596,222 - - 11,144,598 18,020,605 16,565,453-10,457,355 16,940,692 16,245,973 5,211,992 8,965,695 13,652,773 2,738,901 2,206,727 3,586,423 3,315,660 3,114,340 2,806,378 23,832,884 26,074,964 30,976,994 21,265,204 27,727,823 24,055,373 - - 30,976,994 26,548,257 28,645,488-31,248,395 30,625,992 30,609,390 30,338,695 29,159,293 31,576,438 7,202,990 6,675,194 6,355,383 6,016,190 4,876,090 7,484,310 31,951,458 16,786,007 26,641,360 31,285,147 21,821,110 33,258,252 - - 26,641,360 26,002,094 20,903,445-1,184,125 207,729 (776,363) 453,193 99,054 741,234 (5,055,677) 640,363 895,498 2,074,210 1,888,153 (3,117,607) (701,771) (483,688) (479,092) (469,755) (521,237) (707,771) - - - - (9,371) - 65,823,520 54,451,597 63,246,176 69,697,680 57,313,092 69,234,856 - - 63,246,176 64,414,627 56,395,427 - ( ) 100 92

2010 Annual Report ( ) 99 98 97 96 95 100 3 31 ( ) 17,026,011 15,062,947 22,437,412 27,844,435 33,863,398 3,685,070 1,860,238 1,987,591 1,557,350 3,886,651 3,164,583 98,393 84,967 472,541 (361,147) 2,056,646 871,460 (279,243) 16,395,786 3,301,851 4,522,069 10,460,216 2,021,907 1,728,522 615,871 14,506,852 3,473,165 856,883 2,244,509 89,249 15,864,882 (10,732,460) 687,757 11,659,979 648,858 1,360,030 15,165,451 (9,855,353) 639,266 10,381,702 508,188 1,306,794 - - - - - - - - - - - - - - - - (96,608) - 15,165,451 (9,855,353) 639,266 10,381,702 411,580 1,306,794 4.94 (3.22) 0.21 3.53 0.14 0.42 ( ) 100 ( ) 99 98 97 96 95 93

( ) ( ) 99 98 97 96 95 100 3 31 ( ) 26.58 32.38 32.88 23.38 32.61 25.79 671.44 658.68 629.44 724.64 743.70 639.14 93.72 168.01 109.95 91.06 91.53 121.76 89.36 159.83 105.30 83.69 86.81 114.92 49.85 (39.32) 4.01 69.22 4.37 19.56 21.75 23.52 34.74 25.45 17.04 4.77 17 16 11 14 21 19 - - - - - - 11.68 9.55 10.70 9.48 11.41 2.37 - - - - - - 1.53 1.28 1.92 2.73 3.78 0.30 0.20 0.17 0.24 0.32 0.39 0.04 18.14 (11.05) 0.88 11.94 0.61 1.50 25.22 (16.75) 0.96 16.35 0.70 1.94 0.27 1.54 (1.18) 6.78 2.99 (0.88) 50.77 (35.04) 2.25 38.43 1.72 4.31 89.07 (65.43) 2.85 37.28 1.22 35.46 4.94 (3.22) 0.21 3.53 0.14 0.42 45.28 (13.86) (11.00) 60.96 32.10 4.14 49.82 97.96 94.98 141.31 107.52 47.08 5.24 (1.09) (6.39) 7.20 0.13 0.32 37.47 7.84 (8.20) 2.44 4.20 (1.57) (0.35) 2.29 0.61 1.09 1.21 0.79 20% 1. 2. 3. 4. ( ) 100 94

2010 Annual Report ( ) ( ) 99 98 97 96 95 100 3 31 ( ) 45.8 50.08 49.24 45.41 50.28 42.8 196.74 180.28 183.76 168.42 168.23 190.05 149.66 160.18 165.73 127.84 100.47 179.48 135.23 144.29 154.48 115.60 90.57 159.34 39.73 (31.21) 4.15 34.31 1.07 16.32 12.32 10.35 12.03 11.31 11.51 2.88 30 35 30 32 32 31 - - - - - - 23.07 25.83 14.13 13.97 26.79 5.68 - - - - - - 2.19 1.54 2.27 2.56 2.74 0.49 0.90 0.66 0.95 1.11 1.19 0.19 14.91 (9.62) 1.01 9.45 0.83 1.03 27.94 (19.57) 1.42 17.62 0.09 1.75 40.70 (40.08) 9.24 34.02 (12.18) (1.24) 60.02 (42.04) 4.81 44.28 0.83 4.41 16.25 (14.90) 0.79 8.30 0.04 5.08 5.79 (3.99) 0.33 4.08 0.02 0.40 76.82 (72.57) 16.28 54.27 21.76 (5.14) 80.83 93.05 135.51 164.12 124.81 79.62 15.95 (10.03) (0.46) 13.10 1.91 (0.85) 1.61 0.33 3.94 1.30 0.23 (3.81) 1.04 0.97 1.20 1.04 0.73 0.81 20% 1. 2. 3. 4. 95

1 (1) (2) 2 (1) (2) (3) 3 (1) ( ) ( ) (2) 365 (3) (4) ( ) ( ) (5) 365 (6) (7) 4 (1) (2) (3) (4) 5 (1) (2) ( ) (3) ( ) ( ) 6 (1) ( ) (2) ( ) 96

2010 Annual Report 99 219 100 1 0 0 4 3 0 97

27F, 333 Keelung Rd., Sec. 1, Taipei, Taiwan 11012 Tel : (886) 2 2729-6666 Fax: (886) 2 2757-6371 www.pwc.com/tw (100) 10003856 99 12 31 98 12 31 99 1 1 12 31 98 1 1 12 31 99 12 31 98 12 31 25,791,140 21,440,012 28.77% 26.62% 99 1 1 12 31 98 1 1 12 31 6,729,189 7,598,963 98

2010 Annual Report 99 12 31 98 12 31 99 1 1 12 31 98 1 1 12 31 99 98 0960038033 1 0 0 3 2 2 99

9 9 9 8 1 2 3 1 99 12 31 98 12 31 99 12 31 98 12 31 % % % % 1100 ( ( )) $ 3,481,722 4 $ 2,081,672 3 2100 ( ( )) $ 2,603,172 3 $ 2,162,157 3 1310 2110 ( ( )) - - 99,959 - ( ( )) 1,908,928 2 4,058,762 5 2180 1330 ( ( )) - - 160,000 - ( ( )) 604,407 1 1,159,624 1 1120 7-20 - 2120 - - 3,869-1140 ( ( )) 748,582 1 597,097 1 2140 1,321,797 2 995,199 1 1150 ( ( ) ) 106,501-113,289-2150 ( ) 133,716-141,202-1178 439,702 1 124,172-2170 354,071-426,146-1188 ( ) 74,224-915,421 1 2210 130,522-24,869-1190 ( ( )) 158,383-238,908-2260 2,568 - - - 1230 303,885-377,887 1 2270 1250 152,956-182,462 - ( ( )) 4,891,791 5 1,368,176 2 1260 7,724-6,715-2280 ( ) 594,584 1 546,344 1 1286 ( ( )) 315,710 1 697,969 1 21XX 10,636,628 12 6,927,545 8 1291 ( ) 275,751-246,874-1298 ( ( ) ) 1,994,910 2 1,838,001 2 2410 ( ( )) 2,218,775 3 4,311,792 5 11XX 9,968,985 11 11,639,249 14 2420 ( ( )) 8,238,580 9 12,628,900 16 24XX 10,457,355 12 16,940,692 21 1430 ( ( )) 104,287-100,000-2810 ( ( )) 968,065 1 752,986 1 1450 ( ( )) 957,108 1 692,312 1 2820 48-24 - 1460 ( ( )) 1,170,000 1 200,000-2861 ( ( )) 1,446,499 2 1,129,428 2 1480 ( ( )) 1,344,595 2 1,534,441 2 2881 324,289-324,289-1421 ( ( ) ) 64,527,886 72 55,219,221 69 28XX 2,738,901 3 2,206,727 3 1428 312-312 - 2XXX 23,832,884 27 26,074,964 32 14XX 68,104,188 76 57,746,286 72 ( ( ) ) ( ( )) 1501 1,972,540 2 1,972,540 2 3110 31,248,395 35 30,625,992 38 1521 1,512,002 2 1,512,002 2 ( ( )) 1532 4,530,476 5 4,530,476 6 3210 5,456,524 6 4,800,903 6 1544 114,390-114,331-3250 371-371 - 1551 11,346,789 13 15,096,676 19 3260 1,611,003 2 1,611,002 2 1552 2,110,916 2 2,066,715 3 3272 128,379-256,205-1561 209,750-209,004-3280 6,713-6,713-15XY 21,796,863 24 25,501,744 32 ( ( )) 15X9 ( 12,912,384) ( 14) ( 14,662,994) ( 18) 3310 7,586,240 9 7,586,240 10 1670 2,476,296 3 - - 3320 957,344 1 957,344 1 15XX 11,360,775 13 10,838,750 14 3350 23,407,874 26 8,242,423 10 1770 ( ( )) 16,072-37,756-3420 ( 5,055,677) ( 6) 640,363 1 3430 ( 707,771) ( 1) ( 483,688) - 1820 42,416-42,533-3450 1,184,125 1 207,729-1830 163,968-221,987-3XXX 65,823,520 73 54,451,597 68 18XX 206,384-264,520 - ( ) ( ) 1XXX $ 89,656,404 100 $ 80,526,561 100 1XXX $ 89,656,404 100 $ 80,526,561 100 100 3 22 100

2010 Annual Report 9 9 9 8 1 1 1 2 3 1 ( ( ) ) 99 98 % % 4000 ( ( ) ) $ 17,026,011 100 $ 15,062,947 100 5000 ( ( ) ) ( 15,165,773) ( 89) ( 13,075,356) ( 87) 5910 1,860,238 11 1,987,591 13 6200 ( ( ) ) ( 1,775,271) ( 10) ( 1,515,050) ( 10) 6900 84,967 1 472,541 3 7110 35,187-57,182 1 7121 ( ( )) 14,595,055 86 - - 7122 83,689-3,450-7130 ( ) 1,070,210 6 1,229,694 8 7140 14,162-11,902-7160 - - 343,352 2 7210 ( ) 98,028 1 101,407 1 7320 ( ( )) 407,458 2 1,504,293 10 7480 91,997 1 50,571-7100 16,395,786 96 3,301,851 22 7510 ( 324,799) ( 2) ( 266,153) ( 2) 7521 ( ( )) - - ( 14,226,211) ( 94) 7530 ( 2,426) - ( 3,599) - 7560 ( 194,214) ( 1) - - 7580 ( 18,509) - ( 8,093) - 7640 ( ( )) ( 72,835) ( 1) ( 2,048) - 7880 ( 3,088) - ( 748) - 7500 ( 615,871) ( 4) ( 14,506,852) ( 96) 7900 ( ) 15,864,882 93 ( 10,732,460) ( 71) 8110 ( ) ( ( )) ( 699,431) ( 4) 877,107 6 9600 ( ) $ 15,165,451 89 ($ 9,855,353) ( 65) ( )( ( )) 9750 ( $ 5.17 $ 4.94 ( $ 3.51) ($ 3.22) ( )( ( )) 9850 ( $ 4.99 $ 4.77 ( $ 3.51) ($ 3.22) 100 3 22 101

9 9 9 8 1 1 1 2 3 1 98 98 1 1 $ 30,609,390 $ 6,355,383 $ 7,522,313 $ 957,344 $ 18,161,703 $ 895,498 ($ 479,092) ($ 776,363) $ 63,246,176 97 - - 63,927 - ( 63,927) - - - - 16,602 13,398 - - - - - - 30,000-256,205 - - - - - - 256,205-50,208 - - - ( 291,789) 943 684,368 443,730 - - - - - 36,654 - - 36,654 - - - - - - ( 5,539) - ( 5,539) - - - - - - - 299,724 299,724 98 - - - - ( 9,855,353) - - - ( 9,855,353) 98 12 31 $ 30,625,992 $ 6,675,194 $ 7,586,240 $ 957,344 $ 8,242,423 $ 640,363 ($ 483,688) $ 207,729 $ 54,451,597 99 99 1 1 $ 30,625,992 $ 6,675,194 $ 7,586,240 $ 957,344 $ 8,242,423 $ 640,363 ($ 483,688) $ 207,729 $ 54,451,597 622,403 655,621 - - - - - - 1,278,024 - ( 127,826) - - - - - - ( 127,826) - 1 - - - ( 1,075,152) ( 68,319) 711,600 ( 431,870) - - - - - ( 4,620,888) - - ( 4,620,888) - - - - - - ( 155,764) - ( 155,764) - - - - - - - 264,796 264,796 99 - - - - 15,165,451 - - - 15,165,451 99 12 31 $ 31,248,395 $ 7,202,990 $ 7,586,240 $ 957,344 $ 23,407,874 ($ 5,055,677) ($ 707,771) $ 1,184,125 $ 65,823,520 100 3 22 102

2010 Annual Report 9 9 9 8 1 1 1 2 3 1 99 98 ( ) $ 15,165,451 ( $ 9,855,353) 1,616,004 1,816,816 23,399 25,010 276,743 292,615 54,195 36,789 ( 1,067,784) ( 1,226,095) ( ) ( 14,361,424) 14,226,211 ( 6,828) - 210,914 87,758 1,346,892 ( 3,825,265) ( 144,684) ( 139,394) 525,667 ( 455,414) 80,525 1,124,586 74,002 ( 45,473) 28,497 ( 2,970) ( 28,877) ( 114,687) 338,758 ( 88,303) ( 506,630) 730,542 47,529 ( 29,985) 117 2,053 315,243 ( 457,977) - ( 337,756) ( 72,075) ( 1,877,916) 105,653 ( 24,092) 2,568-11,676 ( 10,331) 81,000 70,657 699,330 ( 882,037) ( ) 4,815,861 ( 960,011) ( 554,195) ( 3,136,235) 460,000 - ( 470,000) ( 360,000) 196,674 - - ( 1,743,731) ( 2,523,607) ( 507,538) 1,176,619 940,540 ( 22,977) ( 55,906) ( 1,737,486) ( 4,862,870) ( ) 441,015 ( 657,843) ( ) ( 99,959) 99,959 ( 2,019,405) ( 1,434,080) - 4,789,516 24 - ( ) ( 1,678,325) 2,797,552 ( ) 1,400,050 ( 3,025,329) 2,081,672 5,107,001 $ 3,481,722 $ 2,081,672 $ 133,992 $ 205,876 ( 7,000) - $ 126,992 $ 205,876 $ 2,404 $ 367,355 $ 4,891,791 $ 1,368,176 $ 1,247,300 $ 30,000 100 3 22 103

99 98 12 31 / ( ) 57 9 25 71 11 2 76 7 6 9 21 99 12 31 1,203 ( ) 1. (1) (2) (3) (4) 2. (1) (2) (3) (4) ( ) 104

2010 Annual Report ( ) 1. 2. 3. ( ) 1. 2. ( ) 1. 2. / 3. 4. ( ) 5. (1) (2) (3) ( ) 1. 105

2. / 3. ( ) 1. 2. 3. ( ) 1. 2. ( ) ( ) 1. 20 95 ( ) 94 12 31 2. 50% 3. 106

2010 Annual Report ( ) 1. 2. 3. ( ) 3 ( ) ( ) 1. 95 1 1 (1) (2) (3) (4) 107

2. ( ) 15 ( ) 1. ( ) 2. 3. 10% ( ) 97 1 1 96 3 16 (96) 052 97 3 31 (97) 127 ( ) ( ) ( ) 1. 108

2010 Annual Report 2. 98 1 1 98 ( ) 99 12 31 98 12 31 $ 4,569 $ 6,130 509,567 4,492 925,411 2,588 219,534 582,421 981,521 613,198 882,431 871,706 ( ) ( 41,311 ) 1,137 $ 3,481,722 $ 2,081,672 0.29%~1.50% 0.25%~0.85% 109

( ) 99 12 31 98 12 31 $ 290 $ 290 2,041,462 3,311,016-803,158 2,041,752 4,114,464 ( 132,824 ) ( 55,702 ) $ 1,908,928 $ 4,058,762 $ 100,000 $ 100,000 4,287 - $ 104,287 $ 100,000 99 98 $72,835 $2,048 ( ) 99 12 31 98 12 31 ( ) $ 490,801 $ 490,801 ( ) 3,871 3,871 494,672 494,672 462,436 197,640 $ 957,108 $ 692,312 ( ) 99 12 31 98 12 31 $ - $ 160,000 $ 1,170,000 $ 200,000 110

2010 Annual Report ( ) 99 12 31 98 12 31 $ 1,344,595 $ 1,534,441 1. ( : ( ) 99 12 17 ) 99 12 99.75% $10 $196,674 $189,846 $6,828-2. ( ) 99 12 31 98 12 31 $ 772,043 $ 599,962 ( 23,461 ) ( 2,865 ) 748,582 597,097 106,501 113,289 $ 855,083 $ 710,386 ( ) - 99 12 31 98 12 31 $ 158,383 $ 238,908 ( ) - 99 12 31 98 12 31 $ 359,587 $ 537,448 1,585,980 1,203,682 49,343 96,871 $ 1,994,910 $ 1,838,001 1. 111

2. Gaining Enterprise S.A.Greencompass Marine S.A.Italia Marittima S.p.A.Evergreen Marine (UK) Ltd. Evergreen Marine (Hong Kong) Ltd. Evergreen Marine (Singapore) Pte. Ltd. ( ) 1. 99 12 31 99 12 31 98 12 31 Peony Investment S.A. 100.00% $ 46,686,907 $ 39,534,025 ( ) ( ) 55.00% 94,813 88,284 ( ) 40.00% 575,326 540,458 ( ) 39.74% 8,418,428 7,932,844 ( ) 31.25% 77,345 73,919 ( ) 19.32% 7,848,925 6,186,214 ( ) 21.03% 826,142 863,477 $ 64,527,886 $ 55,219,221 2. 99 98 ( ) 99 98 Peony Investment S.A. $ 11,773,770 ($ 14,063,421 ) ( ) ( ) 6,529 6,357 ( ) 56,468 47,703 ( ) 471,099 330,948 ( ) 3,425 8,766 ( ) 2,321,099 ( 540,724 ) ( ) ( 37,335 ) ( 15,840 ) $ 14,595,055 ($ 14,226,211 ) 3. 98 7 23 ( ( ) ) 10 112

2010 Annual Report ( ) - ( ) 84,147 ( ) 99 12 31 $ 1,972,540 $ - $ 1,972,540 1,512,002 ( 500,059 ) 1,011,943 4,530,476 ( 3,838,906 ) 691,570 114,390 ( 98,203 ) 16,187 11,346,789 ( 6,569,182 ) 4,777,607 2,110,916 ( 1,730,638 ) 380,278 209,750 ( 175,396 ) 34,354 21,796,863 ( 12,912,384 ) 8,884,479 2,476,296-2,476,296 $ 24,273,159 ($ 12,912,384 ) $ 11,360,775 98 12 31 $ 1,972,540 $ - $ 1,972,540 1,512,002 ( 470,370 ) 1,041,632 4,530,476 ( 3,570,602 ) 959,874 114,331 ( 92,974 ) 21,357 15,096,676 ( 8,966,302 ) 6,130,374 2,066,715 ( 1,397,970 ) 668,745 209,004 ( 164,776 ) 44,228 $ 25,501,744 ($ 14,662,994 ) $ 10,838,750 1. 99 98 12 31 USD48,000 USD60,000 GARD P&I (PROTECTION & INDEMNITY) 99 98 USD5,000,000 113

2. 99 98 12 31 $1,416,287 $1,633,845 99 98 12 31 $768,519 $867,445 99 98 12 31 USD243,516 USD261,941 3. 99 $7,000 ( ) 99 12 31 98 12 31 $ 2,602,020 $ 2,173,901 ( ) 1,152 ( 11,744) $ 2,603,172 $ 2,162,157 0.69%~0.76% 0.6%~0.84% ( ) 99 12 31 98 12 31 $ - $ 100,000 - ( 41 ) $ - $ 99,959-0.20% ( ) 99 12 31 98 12 31 $ 72,338 $ 238,870-329,791 271,141 330,213 260,928 260,750 $ 604,407 $ 1,159,624 1. 99 98 $407,758 $1,504,293 2. 114

2010 Annual Report ( ) 99 12 31 98 12 31 $ 1,156,100 $ - 3,735,691 1,368,176 $ 4,891,791 $ 1,368,176 ( ) 99 12 31 98 12 31 $ 1,252,700 $ 2,500,000 2,500,000 2,500,000 ( 377,825 ) ( 688,208 ) 3,374,875 4,311,792 ( 1,156,100 ) - $ 2,218,775 $ 4,311,792 1. 98 7 23 ( ) $2,500,000 (1) 3 98 7 23 101 7 23 (2) 0% (3) (4) a. ( ) b. ( ) ( ) 14 c. ( ) 115

(5) ( ) (6) a. 30%( ) b. 10% c. (7) a. 1 10 3 ( ) b. 98 7 15 1 3 5 101%~110% 30.31 29.71 (8) 1 1 3 ( ) 3 ( ) ( ) 12 31 ( ) 116

2010 Annual Report (9) 99 12 31 2. 98 8 7 ( ) $2,500,000 (1) 5 98 8 7 103 8 7 (2) 0% (3) (4) (5) a. 1 40 30 30% ( ) 30 b. 1 40 $250,000 ( 10%) c. (6) 2 3 30 2 3 ( 2 101.00% 0.5% 3 101.51% 0.5%) (7) a. 1 10 117

3 ( ) b. 98 7 30 1 3 5 101.00% 20.04 (8) 1 1 3 ( ) 3 ( ) ( ) 12 31 ( ) (9) 99 12 31 $1,247,300 - $655,621 - $127,826 3. 98 8 7 - $256,205 118

2010 Annual Report ( ) 99 12 31 98 12 31 $ 1,500,000 $ 2,000,000 10,564,745 12,193,590 ( 80,840 ) ( 190,280 ) - ( 9,634 ) ( 6,234 ) 11,974,271 13,997,076 ( 3,735,691 ) ( 1,368,176 ) $ 8,238,580 $ 12,628,900 0.75%~1.13% 0.66%~1.08% ( ) 1. 94 7 1 6 15 ( ) 15 45 9.6% 119

2. (1) 99 12 31 98 12 31 2.25% 2.25% 2.00% 2.00% 2.00% 2.25% (2) 99 12 31 98 12 31 ($ 233,057 ) ($ 259,056 ) ( 1,126,857 ) ( 972,375 ) ( 1,359,914 ) ( 1,231,431 ) ( 307,866 ) ( 125,802 ) ( 1,667,780 ) ( 1,357,233 ) 391,849 478,445 ( 1,275,931 ) ( 878,788 ) - 20,076 16,073 17,680 907,767 569,940 ( 615,974 ) ( 481,894 ) ($ 968,065 ) ($ 752,986 ) (3) 99 98 $ 30,517 $ 37,464 30,538 30,768 ( 10,765 ) ( 12,128 ) 20,076 20,077 1,607 1,607 33,401 30,845 $ 105,374 $ 108,633 120

2010 Annual Report 3. 94 7 1 6% 4. 99 98 $134,634 $134,698 ( ) 1. 99 12 31 $36,000,000 $31,248,395 3,124,840 10 2. 99 98 99 98 ( ) ( ) - $ - 1,660 $ 16,602 62,240 622,403 - - 62,240 $ 622,403 1,660 $ 16,602 ( ) 1. 10% 2. - ( ) ( ) 1. 10% 0.5% 5% 10% 2. 50% 3. ( 121

) 4. 99 6 18 98 6 19 98 97 98 97 ( ) ( ) $ - $ 63,927 - $ - - $ - - - - - $ - $ 63,927 98 99 4 28 99 100 3 22 5. 99 $40,000 $55,000 ( ) 99 98 $ 16,049,182 $ 13,892,347 424,215 584,359 230,540 255,454 322,074 330,787 $ 17,026,011 $ 15,062,947 ( ) 99 98 ( ) $ 699,431 ($ 877,107 ) ( ) ( 2,303 ) ( 24,670 ) ( 101 ) ( 1 ) - ( 4,929 ) ( 699,330 ) 882,037 ($ 2,303 ) ($ 24,670 ) 122

2010 Annual Report 1. 99 98 12 31 ( ) 99 12 31 98 12 31 - $ 315,710 $ 734,237-60,029 54,219 - - ( 36,268 ) - ( 1,506,528 ) ( 1,183,647 ) - - ($ 1,130,789 ) ($ 431,459 ) 2. ( ) 99 12 31 98 12 31 $ 1,766 $ 300 $ 1,612 $ 322 ( ) 44,300 7,531 ( 181,341 ) ( 36,268 ) 131,424 22,342 56,183 11,237 337,501 57,375 636,291 127,258 2,874 489 - - 1,222,605 207,843 2,902,331 580,466-19,830-14,954 $ 315,710 $ 697,969 $ 1,020 $ 173 $ - $ - 352,091 59,856 271,093 54,219 ( 8,861,931 ) ( 1,506,528 ) ( 5,918,234 ) ( 1,183,647 ) ($ 1,446,499 ) ($ 1,129,428 ) 123

3. 99 12 31 $ 14,768 $ 14,768 102 4,876 4,876 103 186 186 102 4. 99 12 31 98 $ 2,456,334 $ 417,577 $ 207,843 108 5. 97 6. 99 12 31 98 12 31 86 $ 5,570,596 $ 5,570,596 87 17,837,278 2,671,827 $ 23,407,874 $ 8,242,423 7. 99 98 12 31 $2,509,271 $2,405,483 99 14.07% 98 48.15% 124

2010 Annual Report ( ) ( ) 99 ( ) ( ) $ 15,864,882 $ 15,165,451 3,070,781 $ 5.17 $ 4.94 47,693 47,693 116,568 - - 1,502 $ 15,912,575 $ 15,213,144 3,188,851 $ 4.99 $ 4.77 98 ( ) ( ) ($ 10,732,460 ) ($ 9,855,353 ) 3,061,502 ($ 3.51 ) ($ 3.22 ) ($ 10,732,460 ) ($ 9,855,353 ) 3,061,502 ($ 3.51 ) ($ 3.22 ) 98 125

97 ( ) 99 $ 269,234 $ 943,984 $ 1,213,218 13,322 56,339 69,661 10,829 123,805 134,634 18,789 23,997 42,786 1,488,220 127,784 1,616,004 276,743 23,399 300,142 98 $ 322,425 $ 739,076 $ 1,061,501 14,067 56,818 70,885 28,712 105,986 134,698 23,806 22,715 46,521 1,672,375 144,441 1,816,816 292,615 25,010 317,625 126

2010 Annual Report ( ) (EIS) (Evergreen International S.A.) ( ) ( ) ( ) (Peony Investment S.A.) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) Evergreen Marine (Singapore) Pte. Ltd.EMS Evergreen Marine (Hong Kong) Ltd.(EGH) ( ) ( ) (SGTC) Vigor Enterprise S.A. (VIGOR) Clove Holding Ltd. (CLOVE) Evergreen Marine (UK) Limited (EMU) PT. Multi Bina Transport (MBT) PT. Multi Bina Pura International (MBPI) Greencompass Marine S.A. (GMS) Evergreen Heavy Industrial Corp. (Malaysia) Berhad (EHIC(M)) Evergreen Shipping Agency (Deutschland) GmbH (EGD) Evergreen Shipping Agency (Ireland) Ltd. (EGUD) Evergreen Shipping Agency (Netherlands) B.V. (EGN) Evergreen Shipping Agency (Poland) SP.ZO.O (EGD-WWX) ( 98 3 ) 127

Evergreen Argentina S.A. (EGB) Evergreen Shipping Agency France S.A. (EGF) Evergreen Shipping (Spain) S.L. (EES) Evergreen Shipping Agency (Italy) S.p.A (EIT) Evergreen Shipping Agency (Vietnam) Corp.(EGV) Island Equipment LLC. (ISLAND) Armand Investment (Netherlands) N.V. (Armand N.V.) Evergreen Shipping Agency (Australia) Pty. Ltd. (EMA) PT. Evergreen Shipping Agency Indonesia (EMI) Evergreen Shipping Agency (Thailand) Co., Ltd. (EGT) Evergreen Shipping Agency (Singapore) Pte. Ltd. (EGS) Evergreen Shipping Agency (Korea) Corporation (EGK) Evergreen Shipping Agency (India) Pvt. Ltd. (EGI) Evergreen Shipping Agency (Russia) Ltd. (ERU) Ample Holding Ltd. (AMPLE) Armand Estate B.V. (Armand B.V.) Evergreen Agency (South Africa) (PTY) Ltd. (ESA) Whitney Equipment LLC. (WHITNEY) Hemlock Equipment LLC. (HEMLOCK) Luanta Investment (Netherlands) N.V. (Luanta) Balsam Investment (Netherlands) N.V. (Balsam) (NVC) (QECT) ( ) (KTIL) Colon Container Terminal S.A. (CCT) Green Peninsula Agencies SDN. BHD. (GPA) Evergreen Container Terminal (Thailand) Ltd. (ECTT) Taranto Container Terminal S.p.A. (TCT) Italia Marittima S.p.A.(ITS) Gaining Enterprise S.A. (GESA) Seaside Transportation Service LLC. (STS) Sinotrans Group Shenzhen Co.(SGSC) Luanta Balsam ISLAND SGTC 128

2010 Annual Report ( ) 1. 99 98 (%) (%) $ 1,824,329 11 $ 1,859,538 12 94,864 1 100,760 1 GMS 414,213 3 370,031 2 EIS 53,921-71,330 1 EMU 35,458-58,623 - EMS 36,989-26,928 - GESA 28,510-24,174 - EGH 21,646-18,857 - ITS 19,816-13,372-2,930-3,097 - $ 2,532,676 15 $ 2,546,710 16 2. 99 98 (%) (%) $ 776,310 5 $ 808,417 5 672,076 4 629,317 4 339,241 2 364,654 3 56,697-43,675-46,718-43,929 - GESA 1,660,616 10 1,737,508 12 GMS 242,542 2 247,086 2 EGH 47,689-49,787 - EMI 35,203-35,061 - EGT 17,884-25,269 - EGD 11,490-1,838 - EGS 11,204-6,343 - EIS - - 50,579 1 42,106-28,703 - $ 3,959,776 23 $ 4,072,166 27 129

3. (1) 99 98 $ 274 $ 2,356 EHIC(M) - - 412,782 $ 274 $ 415,138 (2) 99 98 - $ - $ - $ 745 $ 23-88 82 - - $ 88 $ 82 $ 745 $ 23 4. (1) ( ) 99 98 (%) (%) $ 94,708 97 $ 98,629 97 " 1,122 1 1,379 2 497 1 - - 92-96 - 208 - - - $ 96,627 99 $ 100,104 99 130

2010 Annual Report (2) ( ) 99 98 (%) (%) $ 43,047 99 $ 47,555 99 221 1 610 1 $ 43,268 100 $ 48,165 100 (3) ( ) 99 98 (%) (%) $ 603,087 19 $ 636,493 20 GESA 1,660,616 53 1,737,508 53 GMS 242,542 8 247,085 8 EIS - - 50,579 1 $ 2,506,245 80 $ 2,671,665 82 5. ( ) 99 12 31 98 12 31 (%) (%) $ 61,904 7 $ 54,621 8 22,062 2 24,318 3 EIS 4,690 1 16,420 2 17,845 2 17,930 3 $ 106,501 12 $ 113,289 16 131

99 12 31 98 12 31 (%) (%) $ 62,237 12 $ 133,691 13 ITS 3,757 1 672,343 65 EIS 1,041-105,779 10 7,189 1 3,608 - $ 74,224 14 $ 915,421 88 99 12 31 98 12 31 (%) (%) $ 50,949 4 $ 31,659 3 34,509 2 25,446 2 12,208 1 9,139 1 GMS 25,280 2 - - ITS - - 59,655 5 EIS - - 9,596 1 10,770-5,707 - $ 133,716 9 $ 141,202 12 ( ) 99 12 31 98 12 31 USD 5,000 USD 5,000 GMS USD 774,833 USD 601,593 EMU USD 605,927 USD 607,583 CCT USD 9,600 USD 28,680 WHITNEY USD 94,164 USD 70,198 TCT USD 20,772 USD 20,250 HEMLOCK USD 20,600 USD 17,600 BALSAM USD 49,000 USD 49,000 ESA USD 2,500 USD - 132

2010 Annual Report ( ) 1. 85 7 2. 91 99 98 12 31 $61,904 $54,621 3. $940 $1,614 4. 99 98 12 31 99 12 31 98 12 31 GMS $ 9,660 $ 9,590 EIS 2,734 5,651 GESA 8,920 7,392 EMU 6,313 9,948 EGH 3,821 3,709 EMS 9,983 10,336 $ 41,431 $ 46,626 133

5. ( ) 99 98 12 31 (1) 99 12 31 98 12 31 $ - $ 1,365 EGI 1,932 59,036 EGT 10,877 25,509 EMI 15,352 3,525 EIT 4,381 6,911 EGD-WWX 755 19 ESA 469 12 EES 279 - EGD - 582 EGUD - 366 EMA - 714 ERU - 208 $ 34,045 $ 98,247 (2) 99 12 31 98 12 31 $ 2,063 $ - EGV 22,565 123 EGN 75,829 1,214 EGD 1,721 - EGK 295 2,360 EGUD 256 - EMA 115 - EGS 98 3,213 EGF 7 24 EES - 34 $ 102,949 $ 6,968 134

2010 Annual Report 6. Gaining Enterprise S.A.Greencompass Marine S.A.Italia Marittima S.p.A. Evergreen Marine (UK) Ltd. Evergreen Marine (Hong Kong) Ltd. Evergreen Marine (Singapore) Pte. Ltd. ( ) 99 98 12 31 (1) 99 12 31 98 12 31 EIS $ 650,832 $ 375,384 GMS 623,468 206,716 ITS 283,771 527,208 GESA 27,909 20,059 EMU - 74,315 $ 1,585,980 $ 1,203,682 (2) 99 12 31 98 12 31 EGH $ 102,294 $ 113,783 EMS 83,047 198,641 EMU 2,750 - $ 188,091 $ 312,424 7. 99 98 ( ) 99 98 $ 89,595 $ 94,591 EIS 49,054 63,945 GMS 71,252 72,346 EMU 30,550 54,014 GESA 20,937 17,093 ITS 8,426 7,130 EGH 19,405 16,703 EMS 30,916 24,223 $ 320,135 $ 350,045 135

( ) 99 98 $ 39,742 $ 31,738 2,521 2,719 56,012 - $ 98,275 $ 34,457 1. 2. 3. ( ) 99 $50,000 $146 ( ) 99 98 12 31-99 12 31 98 12 31 $ 275,751 $ 246,874 1,800,093 1,800,093 839,659 865,429 ( ) 1,670,471 1,542,956 $ 4,585,974 $ 4,455,352 136

2010 Annual Report 1. 99 12 31 98 12 31 USD 5,000 USD 5,000 2. 99 12 31 98 12 31 USD 5,000 USD 5,000 GMS USD 774,833 USD 601,593 EMU USD 605,927 USD 607,583 CCT USD 9,600 USD 28,680 WHITNEY USD 94,164 USD 70,198 TCT USD 20,772 USD 20,250 HEMLOCK USD 20,600 USD 17,600 BALSAM USD 49,000 USD 49,000 ESA USD 2,500 USD - 3. 85 6 19 (85) ( ) 35410 85 8 2 USD115,000 5,449,592 54,495,920 50.50 817,438 6,267,030 62,670,300 50.50 USD115,000 86 99 12 31 2,053,122 20,531,279 99 12 31 8,052,519 267,633 2,676,389 4. 99 12 31 $19,159,983 $7,176,078 137

5. 99 12 31 1 USD 77,830 1~2 53,198 2~3 35,466 USD 166,494 6. 99 12 31 $2,762,500 7. 99 7 2 99 9 28 Samsung Heavy Industries Co., Ltd. 13 USD1,339,000 99 10 29 4 Greencompass Marine S.A. Evergreen Marine (UK) Limited 99 12 31 USD927,000 USD849,750 ( ) ( ) - (Uni Promote) 99 12 24 ( 100 1 10 ) USD17,300 100 2 25 138

2010 Annual Report ( ) 98 99 ( ) 99 12 31 $ 3,481,722 $ - $ 3,481,722 1,369,016-1,369,016 334 334-1,908,594 1,908,594-104,287-104,287 158,383-158,383 275,751-275,751 957,108 957,108 - - 1,170,000-1,170,000 1,344,595 - - 42,416-42,416 2,603,172-2,603,172 1,940,106-1,940,106 ( ) 3,374,875-3,374,875 ( ) 11,974,271-11,974,271 48-48 72,338-72,338 271,141-271,141 260,928-260,928 139

98 12 31 $ 2,081,672 $ - $ 2,081,672 1,749,999-1,749,999 153 153-3,257,410 3,257,410-100,000-100,000-160,000-160,000 238,908-238,908 246,874-246,874 692,312 692,312 - - 200,000-200,000 1,534,441 - - 42,533-42,533 2,162,157-2,162,157 99,959-99,959 1,591,285-1,591,285 ( ) 4,311,792-4,311,792 ( ) 13,997,076-13,997,076 24-24 801,199-801,199 238,870-238,870 329,791-329,791 330,213-330,213 260,750-260,750 140

2010 Annual Report 1. ( ) ( ) 2. 3. 4. 5. 6. 7. ( ) 1. 99 98 $31,442 $56,334 $324,799 $266,153 2. 99 98 $264,796 $299,724 $0 ( ) 99 98 12 31 $1,139,897 $573,332 $11,983,905 $14,003,310 141

( ) 99 12 31 1. 1 1 2 2 3 3 $ 1,827,829 $ - $ - $ - $ 1,827,829 ( 2,603,172 ) - - - ( 2,603,172 ) 2. 1 1 2 2 3 3 $ 1,139,897 $ - $ - $ - $ 1,139,897 ( 3,735,691 ) ( 3,228,571 ) ( 3,328,571 ) ( 1,691,072 ) ( 11,983,905 ) 142

2010 Annual Report 99 12 31 98 12 31 66,396 29.183 79,509 32.167 - - 287,783 0.348 - - 5,273 46.170 10,413 29.183 11,748 32.167 1,599,628 29.183 1,228,857 32.167 76,802 29.183 233,634 32.167 143

99 12 31 $ 1,908,928 $ 1,908,928 104,287 104,287 1,170,000 1,170,000 957,108 957,108 1,344,595 1,344,595 98 12 31 $ 4,058,762 $ 4,058,762 100,000 100,000 360,000 360,000 692,312 692,312 1,534,441 1,534,441 144

2010 Annual Report ( ) 1. 2. ( 1) ( 2) (%) ( 34) 0 Greencompass Marine S.A. 3 $ 131,018,984 $ 26,015,408 $ 22,611,948 $ - 34.52% $ 163,773,730 (USD 833,093 ) (USD 774,833 ) 0 Peony Investment S.A. 2 131,018,984 161,185 145,915-0.22% (USD 5,000 ) (USD 5,000 ) 0 EVERGREEN MARINE (UK) LTD. 3 131,018,984 19,643,049 17,682,773-26.99% (USD 613,184 ) (USD 605,927 ) 0 Taranto Container Terminal S.p.A. 6 32,754,746 664,732 606,175-0.93% (USD 20,746 ) (USD 20,772 ) 0 Whitney Equipment LLC. 3 131,018,984 3,035,565 2,747,988-4.19% (USD 96,164 ) (USD 94,164 ) 0 Hemlock Equipment LLC. 3 131,018,984 643,287 601,170-0.92% (USD 20,600 ) (USD 20,600 ) 0 Colon Container Terminal S.A. 6 32,754,746 924,557 280,157-0.43% (USD 28,680 ) (USD 9,600 ) 0 Balsam Investment (Netherlands) N.V. 6 32,754,746 1,579,613 1,429,967-2.18% (USD 49,000 ) (USD 49,000 ) 0 Evevgreen Agency (South Africa) (PTY) Ltd. 3 131,018,984 80,104 72,958-0.11% (USD 2,500 ) (USD 2,500 ) 1 1. 0 2. 1 2 1. 2. 3. 4. 5. 6. 3 4 250% 65,509,492 x 250% NTD163,773,730 145

3. (%) 4,765 $ 46,686,907 100.00 $ 46,681,932 5,500 94,813 55.00 94,813 44,664 575,326 40.00 575,326 424,062 8,418,428 39.74 12,106,979 12/31 4,800 77,345 31.25 77,345 572,257 7,848,925 19.32 21,059,075 12/31 88,344 826,142 21.03 824,593-1,290 12,898 5.68 7,938 49 476 4.93 80,404 126,735 1,250,000 1.95 637,477 5,250 43,749 17.50 80,078 Linden Technologies, Inc. 50 15,372 2.53 - Toplogis, Inc. 2,464 22,100 17.48 17,538-46,561 893,965 8.45 893,965 1,579 63,143 0.02 63,143-22 334-334 146

2010 Annual Report (%) - 33,882 $ 510,023 - $ 510,023 10,015 120,008-120,008 12,285 160,020-160,020 5,754 90,010-90,010 12,987 180,060-180,060 42,137 510,044-510,044 1699 18,548 240,063-240,063 5,000 48,518-48,518 5,000 49,848-49,848 - - 104,287-104,287 - - 220,000-220,000 98 1 (B ) - 100,000-100,000 99 1-50,000-50,000-800,000-800,000 147

4. - 27,378 $395,000 157,271 $2,272,000 184,649 $2,667,619 $2,667,000 $ 619 - $ - 13,243 152,014 38,499 442,000 51,742 594,192 594,014 178 - - 7,001 105,042 175,226 2,634,000 148,345 2,229,353 2,229,037 316 33,882 510,005 17,859 213,010 107,497 1,285,000 115,341 1,378,592 1,378,010 582 10,015 120,000 5,191 80,005 1,297 20,000 6,488 100,026 100,005 21 - - 25,977 297,005 48,851 559,000 74,828 856,287 856,005 282 - - 771 10,004 69,058 898,000 57,544 748,122 748,004 118 12,285 160,000 17,281 250,000 14,641 212,000 31,922 462,323 462,000 323 - - 2,057 32,072 134,439 2,100,000 130,742 2,042,305 2,042,072 233 5,754 90,000 4,205 58,067 85,550 1,184,000 76,768 1,062,365 1,062,046 319 12,987 180,021 9,376 112,000 32,188 385,000 41,564 497,148 497,000 148 - - 30,391 383,044 128,457 1,621,000 158,848 2,004,534 2,004,044 490 - - 10,527 127,002 184,002 2,225,000 152,392 1,842,313 1,841,991 322 42,137 510,011 - - 68,337 966,000 68,337 966,190 966,000 190 - - 8,123 90,033 7,665 85,000 15,788 175,086 175,033 53 - - 1699 13,906 179,239 18,548 240,000 13,906 179,490 179,239 251 18,548 240,000 3,210 50,000 6,419 100,000 9,629 150,039 150,000 39 - - 3,420 45,040 10,013 132,000 13,433 177,085 177,040 45 - - 13,837 183,000 - - 13,837 183,183 183,000 183 - - 8,921 100,004 - - 8,921 100,157 100,004 153 - - 23,360 258,011 47,046 520,000 70,406 778,184 778,011 173 - - DWS - - 9,302 104,000 9,302 104,012 104,000 12 - - 148

2010 Annual Report 5. 6. 7. ( ) ( ) ( ) ( ) ( ) $ 776,310 5% 30~60 $ - - ($ 12,208 ) 1% 339,241 2% 30~60 - - ( 34,509 ) 2% " " 1,824,329 11% 30~60 - - 61,904 7% 672,076 4% 30~60 - - ( 50,949 ) 4% Greencompass Marine S.A. 242,542 2% 30~60 - - 25,280 2% " " 414,213 3% 30~60 - - 6,736 1% Gaining Enterprise S.A. 1,660,616 10% 30~60 - - - - 149

8. $ 124,141 - - $ 124,141 $ - 9. ( ) 150

2010 Annual Report ( ) 1. East 53rd Street, Marbella, MMG Building, 2nd Floor,Panama, Republic of Panama USD 476,500 USD 476,500 4,765 100.00 $ 46,686,907 $ 11,774,790 $ 11,773,770 ( ) 177 2 55,000 55,000 5,500 55.00 94,813 11,871 6,529 ( ) 369 2 320,000 320,000 44,664 40.00 575,326 141,169 56,468 ( ) 899 4,753,514 4,753,514 424,062 39.74 8,418,428 1,082,191 471,099 ( ) 111 45 25,000 25,000 4,800 31.25 77,345 10,961 3,425 ( ) 1 376 11 10,767,879 10,767,879 572,257 19.32 7,848,925 12,016,736 2,321,099 ( ) 7 25 883,731 883,731 88,344 21.03 826,142 ( 177,497 ) ( 37,335 ) Greencompass Marine S. A. East 53rd Street, Marbella, MMG Building, 2nd Floor,Panama, Republic of Panama USD 353,500 USD 353,500 3,535 100.00 USD 981,010 USD 230,904 USD 230,904 Vigor Enterprise S.A. East 53rd Street, Marbella, MMG Building, 2nd Floor,Panama, Republic of Panama USD 500 USD 500 5 100.00 USD 527 (USD 15 ) (USD 15 ) Clove Holding Ltd. Craigmuir Chambers, P. O. Box71, Road Town, Tortola, B.V.I. USD 52,549 USD 52,549 10 100.00 USD 120,676 USD 5,611 USD 5,611 Evergreen Marine (UK) Ltd. 160 Euston Road, London NW 12 DX, U.K. USD 1,503 USD 1,503 765 51.00 USD 109,601 USD 151,558 USD 77,294 Evergreen Heavy Industrial Corp.(Malaysia) Berhad Lot 139, Jalan, Cecair, Phase 2 Free Trade Zone Johor Port Authority, 81700 Pasir Gudang, Johor, Johore Bahru, Malaysia USD 27,295 USD 27,295 42,120 84.44 USD 47,181 USD 3,540 USD 2,989 PT. Multi Bina Pura International JL Raya Cakung Cilincing, RT, 002-05, Desa Rorotan P.O. Box 6043 Jakarta 14260. Indonesia Lot 139, Jalan USD 20,204 USD 20,204 68 95.30 USD 17,371 USD 2,290 USD 2,183 151

PT. Multi Bina Transport JL Raya Cakung Cilincing, RT, 002-05, Desa Rorotan P.O. Box 6043 Jakarta 14260. Indonesia Lot 139, Jalan USD 804 USD 804 2 17.39 USD 726 USD 943 USD 164 PT. Evergreen Shipping Agency Indonesia Gedung Price waterhouse coopers 9-10th Floors Jl. H.R. Rasuna said kav. C-03 Jakarta 12920, Indonesia USD 973 USD 973-51.00 USD 1,743 USD 1,853 USD 945 USD 3,134 USD 3,134-55.00 USD 3,120 (USD 762) (USD 419 ) Evergreen Shipping Agency (Singapore) Pte. Ltd. 333 Jalan Besar, Singapore 209018 USD 2,157 USD 2,157 765 51.00 USD 4,656 USD 55 USD 28 Evergreen Shipping Agency (Thailand) Co., Ltd. Green Tower, 24-25th Floors 3656/81 Rama IV Road Klongton Klongtoey Bangkok 10110 USD 1,474 USD 1,474 408 51.00 USD 2,580 USD 2,038 USD 1,039 Evergreen Shipping Agency (Korea) Corporation 12FL, POYAL BUILDING 5, DANGJN-DONG, CHONGRO-KU SEOUL KOREA USD 2,426 USD 2,426 121 100.00 USD 1,944 USD 573 USD 573 Armand Investment (Netherlands) N.V. VAN Engelenwen 21/A, Curacao Netherlands Antilles USD 9,203 USD 9,119 4 70.00 USD 9,309 (USD 606 ) (USD 424 ) Evergreen Shipping Agency (Deutschland) GmbH Evergreen Building Amsinckstrasse 55 20097 Hamburg,Germany USD 8,316 USD 8,316-100.00 USD 8,843 USD 243 USD 243 Evergreen Shipping Agency (Ireland) Ltd. 22 Fiztwilliam Place, Dublin 2, Ireland USD 95 USD 95-100.00 USD 189 USD 19 USD 19 Evergreen Shipping Agency (India) Pvt. Ltd. J.N. HEREDIA MARG BALLARD ESTATE MUMBAI 400 038, INDIA USD 184 USD 184 100 99.99 USD 2,323 USD 502 USD 502 Evergreen Shipping Agency (Australia) Pty. Ltd. Level 13,181 Miller Street, North Sydney NSW 2060 Australia USD 247 USD 247 1 67.50 USD 481 USD 461 USD 311 Evergreen Shipping Agency (Netherlands) B.V. Oudelandseweg 33, 3194AR, Hoogvliet, Rotterdam, The Netherlands USD 3,977 USD 3,977-100.00 USD 4,862 USD 473 USD 473 Evergreen Shipping Agency France S.A. Tour Franklin-La Defense 8, 92042 PARIS LA DEFENSE CEDEX-FRANCE. USD 907 USD 907 5 99.40 USD 1,337 USD 191 USD 189 Evergreen Shipping (Spain) S.L. CALLE SIETE AGUAS, 11 - ENTLO. 46023 VALENCIA, SPAIN USD 3,870 USD 3,870 3 55.00 USD 6,494 USD 5,790 USD 3,184 152

2010 Annual Report Evergreen Shipping Agency (Poland) SP. ZO. O UL. POSTEPU 18, 02-676 WARSZAWA, POLAND USD 662 USD 662 2 100.00 USD 598 USD 11 USD 11 Evergreen Argentina S.A. Pje. Carabelas 344, CABA, Bs. As. Argentina USD 140 USD 140 150 95.00 USD 256 USD 72 USD 68 Evergreen Shipping Agency (Italy) S.p.A. SCALI CERERE, 9 LIVORNO ITALY USD 2,352 USD 2,352 1 55.00 USD 2,167 (USD 135 ) (USD 74 ) Evergreen Shipping Agency (Russia) Ltd. 6 Sofiyskaya Street, ST Petersburg, 192236 RUSSIA USD 848 USD 848-51.00 USD 904 USD 1,584 USD 808 Evergreen Shipping Agency (Vietnam) Corp. 11F, Fideco Tower 81-85 Ham Nghi St., Dist. 1, Ho Chi Minh City, Vietnam USD 454 USD 454-51.00 USD 1,229 USD 1,881 USD 959 Evergreen Agency (South Africa) (PTY) Ltd. BEDFORDVIEW OFFICE PARK NO. 3 RILEY ROAD BEDFORDVIEW 2007, 2008 GAUTENG PROVINCE, JOHANNESBURG, GAUTENG, 2008, P.O.BOX 1471 USD 550 USD 550 5,500 55.00 USD 2,682 USD 2,289 USD 1,259 114 ( ) USD 4,447 USD 4,447-40.00 USD 7,124 USD 2,562 USD 1,025 ( ) 12 ( ) USD 2,000 USD 2,000-20.00 USD 2,286 USD 543 USD 109 201 ( ) USD 1,199 USD 1,199-40.00 USD 2,222 USD 610 USD 244 Luanta Investment (Netherlands) N.V. 21-A Van Engelenweg, Curacao, Netherlands, Antilles USD 27,559 USD 21,973 460 50.00 USD 83,773 (USD 12,825 ) (USD 6,412 ) Balsam Investment (Netherlands) N.V. 21-A Van Engelenweg, Curacao, Netherlands, Antilles USD 106,213 USD 86,736-49.00 USD 111,634 USD 82,408 USD 40,204 153

Green Peninsula Agencies SDN. BHD. NO.7, JALAN JURUTERA U1/23, SECTION U1, HICOM GLENMARIE INDUSTRIAL PARK, 40150 SHAH ALAM, SELANGOR DARUL EHSAN, MALAYSIA. USD 7,255 USD 7,255 1,500 30.00 USD 9,204 USD 4,986 USD 1,496 Evergreen Container Terminal (Thailand) Ltd. 33/4 Moo 1, Chaokhun Tahan Road, Sun District Klong 3, Lat Krabang District, Bangkok 10520 USD 20,327 USD 25,539 9,186 48.18 USD 28,617 USD 16,613 USD 8,004 Armand Investment (Netherlands ) N.V. Armand Estate B.V. Amsteldijk 166, 1079LH, Amsterdam USD 13,636 USD 13,460-100.00 USD 13,257 (USD 595 ) (USD 595 ) Armand Estate B.V. ( ) 7 25 USD 12,678 USD 12,678 41 9.76 USD 13,111 (USD 5,639 ) (USD 550 ) Armand Estate B.V. Clove Holding Ltd. Ample Holding Ltd. Craigmuir Chambers,P.O.BOX71,Road Town,Tortola,B.V.I USD 9 USD 9 9 90.00 USD 33,754 USD 4,002 USD 3,602 Island Equipment LLC. 655 Deep Valley Drive, Suite 300, Rolling Hils Estates, CA USD 144 USD 144-36.00 USD 1,696 USD 831 USD 299 Ample Holding Ltd. Colon Container Terminal S.A. COCO SOLO NOR TH ADM BUILDING PANAMA USD 22,860 USD 22,860 22,860 40.00 USD 69,741 USD 10,526 USD 4,210 Ample Holding Ltd. Island Equipment LLC. Whitney Equipment LLC. 2 7 1 1 C e n t e r v i l l e R o a d, S u i t e 4 0 0, Wilmington, Delaware 19808 USD 200 USD 200-100.00 USD 1,363 USD 287 USD 287 Hemlock Equipment LLC. 2 7 1 1 C e n t e r v i l l e R o a d, S u it e 4 0 0, Wilmington, Delaware 19808 USD 200 USD 200-100.00 USD 3,700 USD 1,015 USD 1,015 154

2010 Annual Report 2. (%) 1 Evergreen Shipping Agency (India) Pvt. Ltd. USD 500 USD - 1.098 2 USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 Kingtrans Intl. Logistics (Tianjin) Co., Ltd. USD 1,500 USD 1,500 1.442 2 USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 Luanta Investment (Netherlands) N.V. USD 12,509 USD 14,965 1.353 ~ 4.049 2 USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 EUR - EUR 100 NTD 13,101,898 NTD 26,203,797 2 Clove Holding Ltd. Island Equipment LLC. USD 4,791 USD 4,791 1.291 2 USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 3 Evergreen Marine (UK) Limited Island Equipment LLC. USD 1,996 USD 1,996 1.291 2 USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 Kingtrans Intl. Logistics (Tianjin) Co., Ltd. USD 1,500 USD 1,500 1.442 2 USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 4 Greencompass Marine S.A. Italia Marittima S.p.A. USD 10,000 USD - 1.284 2 USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 1 1. 1 2. 2 2 2 3 1. 20% NTD 65,509,492*20%=NTD13,101,898 2. 40% NTD65,509,492*40%=NTD26,203,797 155

3. 4. (Peony Investment S.A.) Clove Holding Ltd. 10 USD 120,676 100.00 USD 120,676 Evergreen Shipping Agency (Deutschland) GmbH - USD 8,843 100.00 USD 8,843 Evergreen Shipping Agency (Ireland) Ltd. - USD 189 100.00 USD 189 Evergreen Shipping Agency (Korea) Corporation 121 USD 1,944 100.00 USD 1,944 Evergreen Shipping Agency (Netherlands) B.V. - USD 4,862 100.00 USD 4,862 Evergreen Shipping Agency (Poland) SP.ZO.O 2 USD 598 100.00 USD 598 Greencompass Marine S.A. 3,535 USD 981,010 100.00 USD 981,010 Vigor Enterprise S.A. 5 USD 527 100.00 USD 527 Evergreen Shipping Agency (India) Pvt Ltd. 100 USD 2,323 99.99 USD 2,323 Evergreen Argentina S.A. 150 USD 256 95.00 USD 256 Evergreen Shipping Agency France S.A. 5 USD 1,337 99.40 USD 1,337 PT Multi Bina Pura International 68 USD 17,371 95.30 USD 17,371 PT Multi Bina Transport 2 USD 726 17.39 USD 726 Evergreen Heavy Industrial Co., (Malaysia) Bhd. 42,120 USD 47,181 84.44 USD 47,181 Armand Investment (Netherlands) N.V. 4 USD 9,309 70.00 USD 9,309 Evergreen Shipping (Spain) S.L. 3 USD 6,494 55.00 USD 6,494 Evergreen Shipping Agency (Italy) S.p.A. 1 USD 2,167 55.00 USD 2,167 Shenzhen Greentrans Transportation Co., Ltd. ( ) - USD 3,120 55.00 USD 3,120 Evergreen Marine (UK) Ltd. 765 USD 109,601 51.00 USD 109,601 Evergreen Shipping Agency (Australia) Pty Ltd. 1 USD 481 67.50 USD 481 Evergreen Shipping Agency (Russia) Ltd. - USD 904 51.00 USD 904 Evergreen Shipping Agency (Singapore) Pte. Ltd. 765 USD 4,656 51.00 USD 4,656 Evergreen Shipping Agency (Thailand) Co., Ltd. 408 USD 2,580 51.00 USD 2,580 Evergreen Shipping Agency (Vietnam) Corp. - USD 1,229 51.00 USD 1,229 PT. Evergreen Shipping Agency Indonesia - USD 1,743 51.00 USD 1,743 Evergreen Agency (South Africa) (PTY) Ltd. 5,500 USD 2,682 55.00 USD 2,682 156

2010 Annual Report (Peony Investment S.A.) Luanta Investment (Netherlands) N.V. 460 USD 83,773 50.00 USD 83,773 Balsam Investment (Netherlands) N.V. - USD 111,634 49.00 USD 111,634 Evergreen Container Terminal (Thailand) Ltd. 9,186 USD 28,167 48.18 USD 28,167 Ningbo Victory Container Co., Ltd.( ) - USD 2,222 40.00 USD 2,222 Qingdao Evergreen Container Storage & Transportation Co., Ltd.( ) - USD 7,124 40.00 USD 7,124 Green Peninsula Agencies SDN. BHD. 1,500 USD 9,204 30.00 USD 9,204 Kingtrans Intl. Logistics (Tianjin) Co., Ltd.( ( ) ) - USD 2,286 20.00 USD 2,286 Dongbu Pusan Container Terminal Co. Ltd. - 300 USD 1,556 15.00 USD 1,556 Hutchison Inland Container Depots Ltd. 1 USD 1,492 7.50 USD 1,492 Colombo - South Asia Gateway Terminal 18,942 USD 2,412 5.00 USD 2,412 PT. Multi Bina Pura International PT. Multi Bina Transport 8 IDR 27,393,276 72.95 IDR 27,393,276 Clove Holding Ltd. Ample Holding LTD. 9 USD 33,574 90.00 USD 33,574 Island Equipment LLC. - USD 1,696 36.00 USD 1,696 Classic Outlook Investment Ltd. Clove - 2 USD 102,359 2.25 USD 102,359 Everup Profits Ltd. 2 USD - 2.25 USD - Ample Holding Ltd. Colon Container Terminal S.A. Ample 22,860 USD 69,741 40.00 USD 69,741 Island Equipment LLC. Whitney Equipment LLC. Island - USD 1,363 100.00 USD 1,363 Hemlock Equipment LLC. - USD 3,700 100.00 USD 3,700 157

Evergreen Marine (UK) Limited Island Equipment LLC. EMU - GBP 395 15.00 GBP 395 Evergreen Marine (UK) Limited Kingtrans Intl. Logistics (Tianjin) Co., Ltd. ( ( ) ) - GBP 959 20.00 GBP 959 Evergreen Marine (UK) Limited Evergreen Shipping Agency (UK) Limited EMU - - GBP - 100.00 GBP - Lloyd triestino UK Limited - GBP - 100.00 GBP - Armand Investment (Netherlands) N.V. Armand Estate B.V. - USD 13,257 100.00 USD 13,257 Armand Estate B.V. Armand Estate B.V. 41 USD 13,111 9.76 USD 13,111 Greencompass Marine S.A. - 50 USD 5,000 - USD 5,000 " 18,200 USD 62,365 - USD 62,365 Evergreen Shipping Agency (Singapore) Pte Ltd. RTW AIR SERVICES (S) PL EGS - 30 SGD 50 2.00 SGD 50 Evergreen Shipping Agency (Thailand) Co., Ltd. Green Siam Air Service Co. EGT - 4 THB 1,160 2.00 THB 1,160 Evergreen Shipping Agency (Deutschland) GmbH Evergreen Shipping Agency (Austria) GmbH EGD - EUR 18 100.00 EUR 18 Zoll Pool Hafen Hamburg AG 10 EUR 10 6.25 EUR 10 Evergreen Shipping Agency (Switzerland) S.A. - EUR 69 100.00 EUR 69 5. 6. 7. 158

2010 Annual Report 8. ( ) ( ) ( ) ( ) ( ) ( ) $ 672,076 99% 30-60 - - $ 50,949 68% Greencompass Marine S.A. USD 13,060 1% 15~30 - - - - USD 7,764-15~30 - - - - Evergreen Marine (Hong Kong) Ltd. USD 31,660 2% 15~30 - - (USD -152 ) 18% USD 11,754 1% 15~30 - - - - Evergreen International S.A. USD 21,308 1% 15~30 - - (USD -144 ) 17% Evergreen Heavy Industrial Co., (Malaysia) Bhd. USD 45,770 3% 15~30 - - - - ( ) USD 4,603-15~30 - - - - Evergreen Heavy Industrial Corp. (Malaysia) Berhad Greencompass Marine S.A. MYR 146,031 85% 45 - - MYR 28,216 75% Evergreen Marine (Singapore) Pte. Ltd. MYR 26,767 15% 45 - - MYR 9,642 25% Evergreen Shipping Agency (Deutschland) GmbH Evergreen Marine (UK) Ltd. EUR 2,438 25% - - EUR 127 1% Evergreen Marine (UK) Ltd. ( ) GBP 2,107-30~60 - - - - Evergreen Shipping Agency (Deutschland) GmbH GBP 2,010-30~60 - - - - Evergreen Shipping Agency (Netherlands)B.V. GBP 2,959-30~60 - - - - Evergreen Shipping Agency (Netherlands)B.V. Evergreen Marine (UK) Ltd. EUR 2,850 30% - - - - Island Equipment LLC Seaside Transportation Service LLC USD 3,709 21% 5 - - USD 23 100% 159

9. Peony Investment S.A. Luanta Investment (Netherlands) N.V. USD 12,777 - - - - Evergreen Heavy Industrial Corp. (Malaysia) Berhad Greencompass Marine S.A. " MYR 28,216 - - MYR 4,636 $ - Clove Holding Ltd. Island Equipment LLC. USD 4,791 - - - - Greencompass Marine S.A. Evergreen Shipping Agency (Deutschland) GmbH " USD 4,358 - - USD 4,358 - Evergreen Shipping Agency France S.A. " USD 7,892 - - USD 7,892 - Evergreen Shipping (Spain) S.L. " USD 4,117 USD 4,117 - Evergreen Shipping Agency (Italy) S.p.A. " USD 5,683 - - USD 5,683-160

2010 Annual Report 10. Greencompass Marine S.A. Evergreen Marine (UK) Ltd. 99 12 31 99 12 31 USD 40,863 (USD 8,166 ) USD 966 USD 179 161

( ) ( 1) (Ningbo Victory Container Co., Ltd.) ( ) RMB 24,119 ( ) $ 29,708 (USD 1,018 ) (Qingdao Evergreen Container Storage & Transportation Co., Ltd.) ( ) RMB 92,500 ( ) $ 129,777 (USD 4,447 ) (Shenzhen Greentrans Transportation Co., Ltd.) RMB 44,960 ( ) $ 91,460 (USD 3,134 ) (Shenzhen Hutchison Inland Container Depots Co., Ltd.) HKD 92,000 ( ) $ 23,638 (HKD 6,304 ) ( ) (Kingtrans Intl. Logistics (Tianjin) Co., Ltd.) ( ) RMB 77,929 ( ) $ 116,732 (USD 4,000 ) ( 3) $ 391,315 $ 1,053,273 $ 39,494,112 (USD 12,599 ) (USD 36,092 ) (HKD 6,304 ) ( $65,823,520) 1 ( ) ( ) ( ) ( ) ( ) 2 ( ) ( ) 1. 2. 3. 3 - - $ 29,708 (USD 1,018 ) - - $ 129,777 (USD 4,447 ) - - $ 91,460 (USD 3,134 ) - - $ 23,638 (HKD 6,304 ) $ - - $ 116,732 (USD 4,000 ) ( 2)( (2) (3)) 40.00 $ 7,680 (USD 244 ) 40.00 $ 32,260 (USD 1,025 ) 55.00 ($ 13,194 ) (-USD 419 ) 6.85 $ - 30.20 $ 4,841 (USD 154 ) $ 64,839 (USD 2,222 ) $ 207,893 (USD 7,124 ) 91,061 (USD 3,120 ) $ 23,638 (HKD 6,304 ) $ 133,399 (USD 4,571 ) $ - - - - - - 162

2010 Annual Report ( ) ( ) ( ) 99 98 % % $ 13,396,252 84 $ 11,944,640 86 - - 25,006-1,486,154 9 1,553,164 11 1,166,776 7 369,537 3 ( ) 10% 163

27F, 333 Keelung Rd., Sec. 1, Taipei, Taiwan 11012 Tel : (886) 2 2729-6666 Fax: (886) 2 2757-6371 www.pwc.com/tw (100) 10003959 99 12 31 98 12 31 99 1 1 12 31 98 1 1 12 31 (Peony Investment S.A.) (Peony Investment S.A.) (Peony Investment S.A.) 99 12 31 98 12 31 48,120,287 42,213,345 37.14% 36.96% 99 1 1 12 31 98 1 1 12 31 37,796,175 27,471,247 34.56% 33.53% 99 12 31 98 12 31 164

2010 Annual Report 17,329,990 14,601,631 13.38% 12.78% 99 1 1 12 31 98 1 1 12 31 3,876,206 5,337,885 99 12 31 98 12 31 99 1 1 12 31 98 1 1 12 31 0960038033 1 0 0 3 2 2 165

9 9 9 8 1 2 3 1 99 12 31 98 12 31 99 12 31 98 12 31 % % % % 1100 ( ( )) $ 19,716,091 15 $ 9,861,789 9 2100 ( ( )) $ 2,603,172 2 $ 2,274,220 2 1310 2110 ( ( )) - - 99,959 - ( ( )) 1,914,301 2 4,083,195 4 2180 1330 ( ( )) - - 160,000 - ( ( )) 842,874 1 1,415,357 1 1120 73,622-95,047-2120 - - 3,869-1140 ( ( )) 9,613,758 8 7,519,707 7 2140 4,750,305 4 2,840,212 3 1150 ( ) 297,685-314,514-2150 ( ) 135,028-203,230-1178 1,261,468 1 705,174 1 2160 ( ( )) 181,516-138,438-1188 ( ) 534,090-1,275,572 1 2170 10,274,414 8 6,043,017 5 1190 ( ( )) 158,383-238,908-2190 ( ) 161,416-179,633-120X ( ( )) 3,536,327 3 2,261,692 2 2210 801,266 1 645,983 1 1250 531,083-525,000-2260 481,734-58,095-1260 175,458-249,431-2270 1286 ( ( )) 315,403-704,523 1 ( ( )) 6,942,992 5 4,296,017 4 1291 ( ) 561,663 1 251,508-2280 ( ) 2,224,936 2 904,847 1 1298 ( ( ) ) 5,311,059 4 2,353,577 2 21XX 29,399,653 23 19,102,877 17 11XX 44,000,391 34 30,599,637 27 2410 ( ( )) 2,218,775 2 4,311,792 3 1430 2420 ( ( )) 24,139,352 18 30,652,401 27 ( ( )) 104,287-100,000-24XX 26,358,127 20 34,964,193 30 1450 ( ( )) 957,108 1 692,312 1 1460 ( ( )) 3,135,915 2 2,180,866 2 2810 ( ( )) 1,079,875 1 848,592 1 1480 ( ( )) 4,497,128 4 5,009,094 4 2820 32,191-37,992-1421 ( ( )) 27,363,307 21 24,223,122 21 2861 ( ( )) 1,493,738 1 1,161,022 1 1428 3,527-3,871-2880 - 980,334 1 1,095,628 1 14XX 36,061,272 28 32,209,265 28 28XX 3,586,138 3 3,143,234 3 ( ( ) ) 2XXX 59,343,918 46 57,210,304 50 1501 2,173,390 2 2,191,302 2 ( ( )) 1521 2,920,953 2 2,932,527 3 3110 31,248,395 24 30,625,992 27 1531 718,259 1 737,236 1 ( ( )) 1532 7,965,773 6 7,345,220 6 3210 5,456,524 4 4,800,903 4 1544 297,946-314,449-3250 371-371 - 1551 23,583,460 18 25,171,261 22 3260 1,611,003 1 1,611,002 1 1552 49,271,864 38 54,743,663 48 3272 128,379-256,205-1561 502,976 1 537,681 1 3280 6,713-6,713-1611 8,278-7,231 - ( ( )) 1631 15,841-18,040-3310 7,586,240 6 7,586,240 7 15XY 87,458,740 68 93,998,610 83 3320 957,344 1 957,344 1 15X9 ( 41,500,058) ( 32) ( 43,114,699) ( 38) 3350 23,407,874 18 8,242,423 7 1670 3,130,153 2 - - 15XX 49,088,835 38 50,883,911 45 3420 ( 5,055,677) ( 4) 640,363 1 3430 ( 707,771) - ( 483,688) - 1770 ( ( )) 59,300-70,689-3450 1,184,125 1 207,729-3610 4,398,045 3 2,566,776 2 1820 110,902-130,227-3XXX 70,221,565 54 57,018,373 50 1830 243,506-332,490 - ( ) 1888 1,277-2,458 - ( ) 18XX 355,685-465,175-1XXX $ 129,565,483 100 $ 114,228,677 100 1XXX $ 129,565,483 100 $ 114,228,677 100 100 3 22 166

2010 Annual Report 9 9 9 8 1 1 1 2 3 1 ( ( ) ) 99 98 % % 4000 ( ( )) $ 109,353,176 100 $ 81,936,315 100 5000 ( ( ) ) ( 91,522,204) ( 84) ( 88,857,342) ( 108) 5910 ( ) 17,830,972 16 ( 6,921,027) ( 8) 6200 ( ( ) ) ( 5,112,275) ( 4) ( 5,351,372) ( 7) 6900 ( ) 12,718,697 12 ( 12,272,399) ( 15) 7110 ( ) 220,627-301,208 1 7121 ( ( )) 4,337,426 4 - - 7122 309,428-289,978-7130 ( ) 1,136,610 1 1,805,164 2 7140 14,162-11,902-7160 - - 362,222 1 7210 ( ) 121,127-123,079-7320 ( ( )) 390,685 1 1,787,258 2 7480 168,983-192,384-7100 6,699,048 6 4,873,195 6 7510 ( 484,217) ( 1) ( 399,737) ( 1) 7521 ( ( )) - - ( 4,990,591) ( 6) 7530 ( 29,680) - ( 18,109) - 7560 ( 1,738) - - - 7580 ( 18,509) - ( 8,093) - 7640 ( ( )) ( 90,590) - ( 18,917) - 7880 ( 37,434) - ( 38,996) - 7500 ( 662,168) ( 1) ( 5,474,443) ( 7) 7900 ( ) 18,755,577 17 ( 12,873,647) ( 16) 8110 ( ) ( 983,010) ( 1) 666,374 1 9600XX $ 17,772,567 16 ($ 12,207,273) ( 15) 9601 $ 15,165,451 14 ($ 9,855,353) ( 12) 9602 2,607,116 2 ( 2,351,920) ( 3) $ 17,772,567 16 ($ 12,207,273) ( 15) ( )( ( )) 9710 ( ) $ 6.11 $ 5.79 ( $ 4.21 ) ( $ 3.99) 9740AA ( 0.90) ( 0.85 ) 0.81 0.77 9750 ( ) $ 5.21 $ 4.94 ( $ 3.40 ) ( $ 3.22) ( ) 9810 ( ) $ 5.90 $ 5.59 ( $ 4.21 ) ( $ 3.99) 9840AA ( 0.86) ( 0.82) 0.81 0.77 9850 ( ) $ 5.04 $ 4.77 ( $ 3.40) ( $ 3.22) 100 3 22 167

9 9 9 8 1 1 1 2 3 1 98 98 1 1 $ 30,609,390 $ 6,355,383 $ 7,522,313 $ 957,344 $ 18,161,703 $ 895,498 ($ 479,092) ($ 776,363) $ 4,468,728 $ 67,714,904 97 - - 63,927 - ( 63,927) - - - - - 16,602 13,398 - - - - - - - 30,000-256,205 - - - - - - - 256,205-50,208 - - - ( 291,789) 943 684,368-443,730 - - - - - 36,654 - - - 36,654 - - - - - - ( 5,539) - - ( 5,539) - - - - - - - 299,724-299,724 98 - - - - ( 9,855,353) - - - ( 2,351,920) ( 12,207,273) - - - - - - - - 449,968 449,968 98 12 31 $ 30,625,992 $ 6,675,194 $ 7,586,240 $ 957,344 $ 8,242,423 $ 640,363 ($ 483,688) $ 207,729 $ 2,566,776 $ 57,018,373 99 99 1 1 $ 30,625,992 $ 6,675,194 $ 7,586,240 $ 957,344 $ 8,242,423 $ 640,363 ($ 483,688) $ 207,729 $ 2,566,776 $ 57,018,373 622,403 655,621 - - - - - - - 1,278,024 - ( 127,826) - - - - - - - ( 127,826) - 1 - - - ( 1,075,152) ( 68,319) 711,600 - ( 431,870) - - - - - ( 4,620,888) - - - ( 4,620,888) - - - - - - ( 155,764) - - ( 155,764) - - - - - - - 264,796-264,796 99 - - - - 15,165,451 - - - 2,607,116 17,772,567 - - - - - - - - ( 775,847) ( 775,847) 99 12 31 $ 31,248,395 $ 7,202,990 $ 7,586,240 $ 957,344 $ 23,407,874 ($ 5,055,677) ($ 707,771) $ 1,184,125 $ 4,398,045 $ 70,221,565 100 3 22 168

2010 Annual Report 9 9 9 8 1 1 1 2 3 1 99 98 $ 17,772,567 ($ 12,207,273) 5,348,986 5,591,437 33,911 39,158 276,743 292,615 54,195 43,023 ( 1,106,930) ( 1,787,055) ( ) ( 3,811,698) 5,105,937 210,914 79,374-6 ( 6,828) - 1,359,963 ( 3,825,265) ( 2,726,091) ( 17,620) 216,465 22,557 80,525 1,124,586 ( 1,449,362) ( 169,287) 13,607 169,127 ( 310,585) ( 119,335) 964,593 ( 293,305) 877,217 ( 1,225,063) ( 3,576,226) ( 111,590) 11,376 262,434 952 7,798 2,015,151 ( 792,317) 55,516 ( 479,330) 4,751,716 ( 4,483,016) 230,710 ( 244,394) 429,027 ( 37,283) 47,941 ( 71,018) 86,909 80,435 7,002 53,220 725,321 ( 872,382) ( ) 22,583,587 ( 13,863,826) ($ 544,019) ($ 3,360,501) ( 118,755) ( 6,520) 460,000 - ( 470,000) ( 2,340,866) 196,674 102,285 ( 794,744) ( 3,023,395) ( 8,365,849) ( 1,017,015) 164,063-1,191,782 2,082,530 ( 26,797) ( 75,502) ( 8,307,645) ( 7,638,984) ( ) 339,346 ( 609,916) ( ) ( 99,959) 99,959 ( ) ( 3,075,498) 995,847 ( 19,455) ( 212,639) - 4,797,900 ( ) ( 2,279) 1,279 ( 775,847) 449,968 ( ) ( 3,633,692) 5,522,398 ( 787,948) ( 1,310,163) - 162,946 ( ) 9,854,302 ( 17,127,629) 9,861,789 26,989,418 $ 19,716,091 $ 9,861,789 $ 293,411 $ 339,459 ( 7,000) - $ 286,411 $ 339,459 $ 230,771 $ 689,759 $ 6,942,992 $ 4,296,017 $ 1,247,300 $ 30,000 100 3 22 169

99 98 12 31 / ( ) ( ) 1. 57 9 25 71 11 2 76 7 6 9 21 99 12 31 4,405 2. ( ) (%) 99 12 31 98 12 31 55.00 55.00 ( ) 100.00 100.00 ( ) Greencompass Marine 100.00 100.00 S.A. (GMS) Clove Holding Ltd. 100.00 100.00 (CLOVE) Vigor Enterprise S.A. 100.00 100.00 (VIGOR) Evergreen Marine (UK) 51.00 51.00 Limited (EMU) Evergreen Heavy 84.44 84.44 Industrial Corp., (Malaysia) Berhad (EHIC(M)) 170

2010 Annual Report (%) 99 12 31 98 12 31 Armand Investment 70.00 70.00 (Netherlands) N.V. (Armand N.V.) 55.00 55.00 (SGTC) PT. Multi Bina Pura 95.30 95.30 International (MBPI) PT. Multi Bina Transport 17.39 17.39 (MBT) Evergreen Shipping 51.00 51.00 Agency (Singapore) Pte. Ltd. (EGS) Evergreen Shipping 100.00 100.00 Agency (Korea) Corporation (EGK) PT. Evergreen Shipping 51.00 51.00 Agency Indonesia (EMI) Evergreen Shipping 51.00 51.00 Agency (Thailand) Co., Ltd. (EGT) Evergreen Shipping 99.99 99.99 Agency (India) Pvt. Ltd. (EGI) Evergreen Shipping 67.50 51.00 Agency (Australia) Pty. Ltd. (EMA) Evergreen Shipping 55.00 55.00 Agency (Italy) S.p.A. (EIT) Evergreen Shipping 55.00 55.00 (Spain) S.L. (EES) Evergreen Shipping 51.00 51.00 Agency (Russia) Ltd. (ERU) Evergreen Shipping Agency (Deutschland) GmbH (EGD) 100.00 100.00 171

(%) 99 12 31 98 12 31 Evergreen Shipping Agency (Ireland) Ltd. (EGUD) Evergreen Shipping Agency (Poland) SP.ZO.O (EGD-WWX) Evergreen Shipping Agency France S.A. (EGF) Evergreen Shipping Agency (Netherlands) B.V. (EGN) Evergreen Shipping Agency (Vietnam) Corp. (EGV) Evergreen Agency (South Africa) (PTY) Ltd. (ESA) Evergreen Argentina S.A. (EGB) 100.00 100.00 100.00 100.00 99.40 99.40 100.00 100.00 51.00 51.00 55.00 55.00 95.00 95.00 EMU Island Equipment LLC. (ISLAND) 15.00 15.00 CLOVE Ample Holding Ltd. (AMPLE) 90.00 90.00 Island Equipment LLC. (ISLAND) 36.00 36.00 Armand N.V. Armand Estate B.V. (Armand B.V.) 100.00 100.00 ISLAND Whitney Equipment LLC. (WHITNEY) 100.00 100.00 MBPI Hemlock Equipment LLC. (HEMLOCK) PT. Multi Bina Transport (MBT) 100.00 100.00 72.95 72.95 172

2010 Annual Report 1. 99 ( ) 2. 98 12 4 ( ) EMA 51% 67.5% ( ) ( ) ( ) ( ) ( ) ( ) ( ) 50% 97 1 1 ( ) 1. (1) (2) (3) (4) 2. (1) (2) (3) (4) 173

( ) 1. 2. 3. ( ) ( ) 1. 2. ( ) 1. 2. / 3. 4. ( ) 5. 174

2010 Annual Report (1) (2) (3) ( ) 1. 2. / 3. ( ) 1. 2. 3. ( ) 1. 2. ( ) ( ) 175

( ) 1. 20% 95 ( ) 2. ( ) 1. 2. 3. 4. ( ) 3 ( ) 176

2010 Annual Report ( ) 1. 95 1 1 (1) (2) (3) (4) 2. ( ) 15 ( ) 1. ( ) 2. 3. 10% 177

( ) 97 1 1 96 3 16 (96) 052 97 3 31 (97) 127 ( ) ( ) ( ) 1. 2. 98 1 1 98 178

2010 Annual Report ( ) 99 12 31 98 12 31 $ 30,788 $ 23,064 509,567 4,492 947,025 24,949 2,972,687 2,743,522 1,174,521 795,198 14,122,814 6,269,427 ( ) ( 41,311 ) 1,137 $ 19,716,091 $ 9,861,789 0.05%~14.00% 0.02%~11.00% ( ) 99 12 31 98 12 31 $ 290 $ 290 2,041,462 3,335,140 158 663 5,215 9,296-803,158 2,047,125 4,148,547 ( 132,824 ) ( 65,352) $ 1,914,301 $ 4,083,195 $ 100,000 $ 100,000 4,287 - $ 104,287 $ 100,000 1. 99 98 $90,590 $18,917 2. 179

( ) 99 12 31 98 12 31 ( ) $ 490,801 $ 490,801 ( ) 3,871 3,871 494,672 494,672 462,436 197,640 $ 957,108 $ 692,312 ( ) 99 12 31 98 12 31 $ - $ 160,000 $ 1,315,915 $ 200,000 1,820,000 1,980,866 $ 3,135,915 $ 2,180,866 ( ) 99 12 31 98 12 31 $ 4,497,128 $ 5,009,094 1. ( : ( ) 99 12 17 ) 99 12 99.75% $10 $196,674 $189,846 $6,828-2. 3. Classic Outlook Investments Ltd. Everup Profits Ltd. CLOVE ( ) 180

2010 Annual Report ( ) 99 12 31 98 12 31 $ 9,655,574 $ 7,550,063 ( 23,461 ) ( 2,865 ) ( 18,355 ) ( 27,491 ) 9,613,758 7,519,707 297,685 314,514 $ 9,911,443 $ 7,834,221 ( ) - 99 12 31 98 12 31 $ 158,383 $ 238,908 ( ) 99 12 31 98 12 31 $ 2,709,121 $ 1,998,616 827,206 263,076 $ 3,536,327 $ 2,261,692 ( ) - 99 12 31 98 12 31 $ 1,173,694 $ 1,000,421 348,828 1,129,063 3,788,537 224,093 $ 5,311,059 $ 2,353,577 1. 2. Gaining Enterprise S.A.Italia Marittima S.p.A.Evergreen Marine (Hong Kong) Ltd. Evergreen Marine (Singapore) Pte. Ltd. 181

( ) 1. 99 12 31 99 12 31 98 12 31 ( ) 40.00% $ 575,326 $ 540,458 ( ) 39.74% 8,418,428 7,932,844 ( ) 31.25% 77,345 73,919 ( ) 19.32% 7,848,925 6,186,214 ( ) 27.87% 1,208,758 1,263,417 40.00% 64,839 73,916 40.00% 207,893 216,077 ( ) 30.20% 133,399 135,237 Luanta Investment (Netherlands) N.V. 50.00% 2,444,745 2,740,340 Balsam Investment (Netherlands) N.V. 49.00% 3,257,816 1,749,763 Colon Container Terminal S.A. 36.00% 2,035,250 2,126,671 Evergreen Container Terminal (Thailand) Ltd. 48.18% 821,994 934,565 Green Peninsula Agencies SDN. BHD. 30.00% 268,589 249,701 $ 27,363,307 $ 24,223,122 2. 99 98 ( ) 99 98 ( ) $ 56,468 $ 47,703 ( ) 471,098 330,948 ( ) 3,425 8,766 ( ) 2,321,099 ( 540,724 ) ( ) ( 54,659 ) ( 23,615 ) 7,680 13,234 32,260 29,229 ( ) 4,841 ( 2,502 ) Luanta Investment (Netherlands) N.V. ( 201,841) ( 74,934 ) Balsam Investment (Netherlands) N.V. 1,265,490 ( 4,941,532 ) Colon Container Terminal S.A. 132,531 64,275 Evergreen Container Terminal (Thailand) Ltd. 251,950 70,351 Green Peninsula Agencies SDN. BHD. 47,084 28,210 $ 4,337,426 ($ 4,990,591 ) 182

2010 Annual Report 3. Evergreen Container Terminal(Thailand) Ltd. 99 8 19 16.68% THB159,127 4. 98 7 23 ( ( ) ) 10 ( ) ( ) 82,481 ( ) 99 12 31 $ 2,173,390 $ - $ 2,173,390 2,920,953 ( 1,309,106 ) 1,611,847 718,259 ( 547,774 ) 170,485 7,965,773 ( 4,879,032 ) 3,086,741 297,946 ( 258,481 ) 39,465 23,583,460 ( 12,394,327 ) 11,189,133 49,271,864 ( 21,726,921 ) 27,544,943 502,976 ( 371,449 ) 131,527 8,278 ( 7,333 ) 945 15,841 ( 5,635 ) 10,206 87,458,740 ( 41,500,058 ) 45,958,682 3,130,153-3,130,153 $ 90,588,893 ($ 41,500,058 ) $ 49,088,835 183

98 12 31 $ 2,191,302 $ - $ 2,191,302 2,932,527 ( 1,215,621 ) 1,716,906 737,236 ( 544,782 ) 192,454 7,345,220 ( 4,486,537 ) 2,858,683 314,449 ( 274,635 ) 39,814 25,171,261 ( 14,765,472 ) 10,405,789 54,743,663 ( 21,428,469 ) 33,315,194 537,681 ( 386,524 ) 151,157 7,231 ( 5,713 ) 1,518 18,040 ( 6,946 ) 11,094 $ 93,998,610 ($ 43,114,699 ) $ 50,883,911 1. 99 98 12 31 USD1,361,700 USD1,665,300 GARD P&I (PROTECTION & INDEMNITY) 99 98 USD 5,000,000 2. 99 98 12 31 $ 6,108,545 $6,727,317 99 98 12 31 $3,936,788 $4,548,631 99 98 12 31 USD632,591 USD261,941 3. 99 $7,000 ( ) 99 12 31 98 12 31 $ 2,602,020 $ 2,285,964 ( ) 1,152 ( 11,744 ) $ 2,603,172 $ 2,274,220 0.69%~0.76% 0.60%~0.84% 184

2010 Annual Report ( ) 99 12 31 98 12 31 $ - $ 100,000 - ( 41 ) $ - $ 99,959-0.20% ( ) 99 12 31 98 12 31 $ 238,467 $ 255,732 72,338 238,870-329,792 271,141 330,213 260,928 260,750 $ 842,874 $ 1,415,357 1. 99 98 $ 390,685 $1,787,258 2. ( ) 99 12 31 98 12 31 $ 1,156,100 $ - 5,786,892 4,296,017 $ 6,942,992 $ 4,296,017 ( ) 99 12 31 98 12 31 $ 1,252,700 $ 2,500,000 2,500,000 2,500,000 ( 377,825 ) ( 688,208 ) 3,374,875 4,311,792 ( 1,156,100 ) - $ 2,218,775 $ 4,311,792 185

1. 98 7 23 ( ) $2,500,000 (1) 3 98 7 23 101 7 23 (2) 0% (3) (4) a. ( ) b. ( ) ( ) 14 c. ( ) (5) ( ) (6) a. 30%( ) b. 10% c. (7) a. 1 10 186

2010 Annual Report 3 ( ) b. 98 7 15 1 3 5 101%~110% 30.31 29.71 (8) 1 1 3 ( ) 3 ( ) ( ) 12 31 ( ) (9) 99 12 31 2. 98 8 7 ( ) $2,500,000 (1) 5 98 8 7 103 8 7 (2) 0% (3) (4) (5) a. 1 40 30 30%( ) 30 b. 1 40 $250,000( 187

10%) c. (6) 2 3 30 2 3 ( 2 101.00% 0.5% 3 101.51% 0.5%) (7) a. 1 10 3 ( ) b. 98 7 30 1 3 5 101.00% 20.04 (8) 1 1 3 ( ) 3 ( ) ( ) 12 31 ( ) (9) 99 12 31 $1,247,300 - $655,621-127,826 3. 98 8 7-188

2010 Annual Report $256,205 ( ) 99 12 31 98 12 31 $ 4,782,041 $ 5,410,473 23,406,325 27,719,186 ( 80,840 ) ( 190,280 ) - ( 9,634 ) ( 6,234 ) 28,097,892 32,933,145 ( 5,786,892 ) ( 4,296,017 ) 1,828,352 2,015,273 $ 24,139,352 $ 30,652,401 0.75%~9.38% 0.63%~9.38% 1. 2. CLOVE Classic Outlook Investments Ltd. Everup Profits Ltd. Edgeware Profits Ltd. ( ) 1. 94 7 1 6 15 ( ) 15 45 9.6% 189

2. (1) 99 12 31 98 12 31 2.25% 2.25% 2.00% 2.00% 2.00% 2.25% (2) 99 12 31 98 12 31 ($ 264,199 ) ($ 281,642 ) ( 1,280,282 ) ( 1,102,242 ) ( 1,544,481 ) ( 1,383,884 ) ( 343,017 ) ( 155,972 ) ( 1,887,498 ) ( 1,539,856 ) 464,606 535,292 ( 1,422,892 ) ( 1,004,564 ) 52,417 78,316 16,073 17,680 933,729 574,803 ( 659,202 ) ( 514,827 ) ($ 1,079,875 ) ($ 848,592 ) (3) 99 98 $ 45,092 $ 54,161 34,647 35,481 ( 12,044 ) ( 13,229 ) 25,900 25,901 1,607 1,607 33,401 31,269 $ 128,603 $ 135,190 190

2010 Annual Report 3. 94 7 1 6% 4. 99 98 $159,977 $162,664 ( ) 1. 99 12 31 $36,000,000 $31,248,395 3,124,840 10 2. 99 98 99 98 ( ) ( ) - $ - 1,660 $ 16,602 62,240 622,403 - - 62,240 $ 622,403 1,660 $ 16,602 ( ) 1. 10% 2. - ( ) ( ) 1. 26 10% 0.5% 5% 10% 2. 50% 191

3. ( ) 4. 99 6 18 98 6 19 98 97 98 97 ( ) ( ) $ - $ 63,927 $ - - $ - - - - $ - $ 63,927 98 99 4 28 99 100 3 22 5. 99 $40,000 $55,000 ( ) 99 98 $ 104,680,813 $ 77,147,304 660,245 1,048,861 1,767,410 1,664,125 261,955 9,994 1,982,753 2,066,031 $ 109,353,176 $ 81,936,315 192

2010 Annual Report ( ) 99 98 ( ) $ 983,010 ($ 666,374 ) ( ) ( 77,039 ) ( 141,011 ) 24,828 41,592 ( 26,265 ) 7,179 ( 725,321 ) 872,382 $ 179,213 $ 113,768 ($ 2,303 ) ($ 24,670 ) 181,516 138,438 $ 179,213 $ 113,768 193

1. 99 98 12 31 ( ) 99 12 31 98 12 31 - $ 315,468 $ 734,237-92,892 73,731 - ( 65 ) ( 29,714 ) - ( 1,586,630 ) ( 1,234,753 ) - - ($ 1,178,335 ) ($ 456,499 ) 2. ( ) 99 12 31 98 12 31 $ 1,766 $ 300 $ 1,612 $ 322 ( 267 ) ( 65 ) ( 154,698 ) ( 29,660 ) ( ) 43,347 7,289 ( 223 ) ( 54 ) 131,424 22,342 56,183 11,237 337,501 57,375 636,291 127,258 2,874 489 - - 1,222,605 207,843 2,902,331 580,466 19,830 19,830-14,954 $ 315,403 $ 704,523 $ 23,101 $ 6,759 $ 23,576 $ 6,962 420,674 71,515 333,828 66,769 1,020 173 - - ( 8,934,533 ) ( 1,527,007 ) ( 5,972,979 ) ( 1,199,801 ) ( 181,914 ) ( 45,178 ) ( 141,079 ) ( 34,952 ) ($ 1,493,738 ) ($ 1,161,022 ) 194

2010 Annual Report 3. 99 12 31 $ 14,768 $ 14,768 102 4,876 4,876 103 186 186 102 4. 99 12 31 98 $ 2,456,334 $ 417,577 $ 207,843 108 5. 97 6. 99 12 31 98 12 31 86 $ 5,570,596 $ 5,570,596 87 17,837,278 2,671,827 $ 23,407,874 $ 8,242,423 7. 99 98 12 31 $2,509,271 $2,405,483 99 14.07% 98 48.15% 195

( ) ( ) 99 ( ) ( ) $ 18,755,577 $ 17,772,567 3,070,781 $ 6.11 $ 5.79 ( 2,751,317 ) ( 2,607,116 ) ( 0.90) ( 0.85 ) $ 16,004,260 $ 15,165,451 $ 5.21 $ 4.94 $ 18,755,577 $ 17,772,567 $ 5.90 $ 5.59 ( 2,751,317 ) ( 2,607,116 ) ( 0.86 ) ( 0.82 ) 47,693 47,693 116,568 - - 1,502 $ 16,501,953 $ 15,213,144 $ 3,188,851 $ 5.04 $ 4.77 98 ( ) ( ) ( 12,873,647 ) ( 12,207,273 ) 3,061,502 ($ 4.21 ) ($ 3.99 ) 2,480,313 2,351,920 0.81 0.77 ($ 10,393,334 ) ($ 9,855,353 ) ($ 3.40 ) $ 3.22 ) ($ 10,393,334 ) ($ 9,855,353 ) $ 3,061,502 ($ 3.40 ) ($ 3.22 ) 98 196

2010 Annual Report 97 ( ) : 99 $ 1,363,705 $ 2,518,724 $ 3,882,429 34,236 209,416 243,652 200,289 285,637 485,926 215,914 89,569 305,483 5,150,874 198,112 5,348,986 276,743 33,908 310,651 98 $ 1,523,003 $ 2,443,511 $ 3,966,514 37,170 234,874 272,044 212,579 292,944 505,523 180,204 90,566 270,770 5,370,548 220,889 5,591,437 293,627 38,146 331,773 197

( ) (EIS) (Evergreen International S.A.) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) Evergreen Marine (Hong Kong) Ltd.(EGH) Evergreen Marine (Singapore) Pte. Ltd.(EMS) ( ) ( ) (NVC) (QECT) ( ) (KTIL) Green Peninsula Agencies SDN. BHD. (GPA) Luanta Investment (Netherlands) N.V.(Luanta) Balsam Investment (Netherlands) N.V.(Balsam) Taranto Container Terminal S.p.A. (TCT) Italia Marittima S.p.A.(ITS) Evergreen Container Terminal (Thailand) Ltd. (ECTT) Colon Container Terminal S.A. (CCT) Gaining Enterprise S.A. (GESA) Seaside Transportation Service LLC. (STS) Sinotrans Group Shenzhen Co.(SGSC) ( 98 3 Luanta Balsam ISLAND SGTC 198

2010 Annual Report ( ) 1. 99 98 (%) (%) $ 1,831,264 2 $ 1,863,623 3 94,864-100,761 - EIS 267,962-722,724 1 EGH 445,124-501,637 1 ITS 582,953 1 385,294 - EMS 803,694 1 112,059 - STS 116,745-68,066 - GESA 28,510-24,174-27 - 15 - $ 4,171,143 4 $ 3,778,353 5 2. 99 98 (%) (%) $ 776,310 1 $ 808,417 1 619,523 1 609,324 1 46,718-43,930-56,697-43,675-3,648-8,067 - GESA 1,660,616 2 1,737,509 2 EIS 670,705-1,460,160 2 EGH 1,096,348 1 569,516 - ITS 9,443-41,607-1,808-2,988 - $ 4,941,816 5 $ 5,325,193 6 199

3. (1) 99 98 $ 274 $ 2,356 EHIC(M) - - 412,782 $ 274 $ 415,138 (2) 99 98 $ - $ - $ 745 $ 23-88 82 - - $ 88 $ 82 $ 745 $ 23 4. (1) ( ) 99 98 (%) (%) $ 94,708 78 $ 98,629 80 1,122 1 1,379 1 497 - - - 92-96 - 208 - - - $ 96,627 79 $ 100,104 81 200

2010 Annual Report (2) ( ) 99 98 (%) (%) $ 43,047 99 $ 47,555 99 221 1 610 1 $ 43,268 100 $ 48,165 100 (3) ( ) 99 98 (%) (%) $ 603,087 17 $ 636,493 14 GESA 1,660,616 46 1,737,508 39 EIS 670,705 19 1,460,160 33 EGH 4,785 - - - ITS 9,443-41,607 1 $ 2,948,636 82 $ 3,875,768 87 5. ( ) 99 12 31 98 12 31 (%) (%) $ 115,167 1 $ 215,195 3 22,062-24,318 - EIS 7,061-51,410 1 ITS 48,207 1 12,380 - EMS 100,207 1 - - 4,981-11,211 - $ 297,685 3 $ 314,514 4 201

99 12 31 98 12 31 (%) (%) $ 62,237 3 $ 133,691 7 ITS 3,757-672,390 34 Luanta 372,866 21 237,341 13 EIS 1,041-105,781 5 KTIL 87,625 5 96,584 5 SGSC - - 28,234 1 6,564 1 1,551 - $ 534,090 30 $ 1,275,572 65 99 12 31 98 12 31 (%) (%) $ 34,509 1 $ 25,446 1 12,208 - - - ITS 31,110 1 114,285 5 EIS 19,341-31,843 1 EMS 22,680 1 13,078 - EGH 10,645-4,473-4,535-14,105 - $ 135,028 3 $ 203,230 7 99 12 31 98 12 31 (%) (%) EIS $ 103,162 11 $ 115,423 14 ITS 58,254 6 64,210 8 $ 161,416 17 $ 179,633 22 202

2010 Annual Report ( ) 99 12 31 98 12 31 BALSAM USD 49,000 USD 49,000 CCT USD 9,600 USD 28,680 TCT USD 20,772 USD 20,250 ( ) 1. 85 7 2. 91 99 98 12 31 $61,904 $54,621 3. $940 $1,614 4. 99 98 12 31 99 12 31 98 12 31 EMS $ 9,983 $ 10,336 GESA 8,920 7,392 EIS 2,734 5,651 EGH 3,821 3,709 $ 25,458 $ 27,088 5. ( ) 99 98 12 31 99 12 31 98 12 31 $ 376,262 $ 91,395 203

6. Gaining Enterprise S.A. Italia Marittima S.p.A.Evergreen Marine (Hong Kong) Ltd. Evergreen Marine (Singapore) Pte. Ltd. ( ) 99 98 12 31 (1) 99 12 31 98 12 31 EIS $ 135,877 $ 703,591 ITS 86,798 404,213 GESA 27,908 20,059 $ 250,583 $ 1,127,863 (2) 99 12 31 98 12 31 EMS $ 326,920 $ 244,025 EGH 125,854 214,299 $ 452,774 $ 458,324 7. 99 98 ( ) 99 98 $ 89,595 $ 94,591 EIS 49,054 63,945 EMS 30,916 24,224 GESA 20,937 17,093 EGH 19,405 16,703 ITS 8,426 7,130 $ 218,333 $ 223,686 ( ) 99 98 $ 125,062 $ 129,358 6,018 3,739 59,134 1,914 $ 190,214 $ 135,011 1. 2. 3. 204

2010 Annual Report ( ) 99 $50,000 $146 ( ) 99 98 12 31-99 12 31 98 12 31 $ 561,663 251,508 2,000 2,000 1,800,093 1,800,093 839,659 865,429 2,349,818 1,845,779-1,893,478 Classic Outlook Investments Ltd. 2,987,135 3,292,523 Everup Profits Ltd. 7 7 ( ) 1,670,471 1,542,956 $ 10,210,846 $ 11,493,773 205

1. 99 12 31 98 12 31 USD 5,000 USD 5,000 2. 99 12 31 98 12 31 BALSAM USD 49,000 USD 49,000 CCT USD 9,600 USD 28,680 TCT USD 20,772 USD 20,250 3. 85 6 19 (85) ( ) 35410 85 8 2 USD115,000 5,449,592 54,495,920 50.50 817,438 6,267,030 62,670,300 50.50 USD115,000 86 99 12 31 2,053,122 20,531,279 99 12 31 8,052,519 267,633 2,676,389 4. 99 12 31 $19,159,983 $7,176,078 5. 99 12 31 1 USD 216,722 1~2 156,412 2~3 116,884 3~4 56,933 4~5 51,044 5 147,082 USD 745,077 206

2010 Annual Report 6. 99 12 31 $27,762,500 7. Samsung Heavy Industries Co., Ltd. USD1,339,000 99 12 31 USD1,179,350 1. ( ) ( ) -(Uni Promote) 99 12 24 ( 100 1 10 ) USD17,300 100 2 25 2. Clove Holding Ltd. 2011 2 23 Actionfirm Limited USD29 - Classic Outlook Investments Ltd. Everup Profits Ltd. USD128,120 USD25,761 207

( ) 98 99 ( ) 99 12 31 $ 19,716,091 $ - $ 19,716,091 11,780,623-11,780,623 334 334-1,908,594 1,908,594-104,287-104,287 158,383-158,383 561,663-561,663 957,108 957,108 - - 3,135,915-3,135,915 4,497,128 - - 110,902-110,902 2,603,172-2,603,172 16,303,945-16,303,945 ( ) 3,374,875-3,374,875 ( ) 24,240,182-24,240,182 32,191-32,191 158-158 5,215-5,215 238,467-238,467 72,338-72,338 271,141-271,141 260,928-260,928 208

2010 Annual Report 98 12 31 $ 9,861,789 $ - $ 9,861,789 9,910,014-9,910,014 153 153-3,271,884 3,271,884-100,000-100,000-160,000-160,000 238,908-238,908 251,508-251,508 692,312 692,312 - - 2,180,866-2,180,866 5,009,094 - - 130,227-130,227 2,274,220-2,274,220 99,959-99,959 10,112,477-10,112,477 ( ) 4,311,792-4,311,792 ( ) 34,954,652-34,954,652 37,992-37,992 663-663 9,296-9,296 801,199-801,199 255,732-255,732 238,870-238,870 329,792-329,792 330,213-330,213 260,750-260,750 209

1. ( ) ( ) 2. 3. 4. 5. 6. 7. ( ) 1. 99 98 $216,879 $216,431 $ 484,217 $399,737 2. 99 98 $264,796 $299,724 $0 ( ) 99 98 12 31 $158 $663 $238,467 $255,732 $3,914,665 $2,756,793 $28,107,525 $33,051,442 210

2010 Annual Report ( ) 98 12 31 1. 1 1 2 2 3 3 $ 15,261,212 $ - $ - $ - $ 15,261,212 ( 2,603,172 ) - - - ( 2,603,172 ) 2. 1 1 2 2 3 3 $ 3,914,665 $ - $ - $ - $ 3,914,665 ( 5,786,892 ) ( 5,566,307 ) ( 4,992,464 ) ( 11,761,862 ) ( 28,107,525 ) 211

: 99 12 31 98 12 31 $ 402,563 29.183 $ 338,313 32.167 53,219 38.825 47,451 46.170 - - 98,638,750 0.003 243,300 29.183 215,935 32.167 85,251 9.464 25,988 9.399 329,546 29.183 202,059 32.167 731,964 29.183 804,009 32.167 16,715 38.825 23,199 46.170 135,819 45.069 137,520 51.704 - - 159,633 0.965 212

2010 Annual Report 99 12 31 $ 1,914,301 $ 1,914,301 104,827 104,827 1,315,915 1,315,915 1,820,000 1,820,000 957,108 957,108 4,497,128 4,497,128 98 12 31 $ 4,083,195 $ 4,083,195 100,000 100,000 360,000 360,000 1,980,866 1,980,866 692,312 692,312 5,009,094 5,009,094 213

( ) 1. 2. ( 1) ( 2) (%) ( 34) 0 Greencompass Marine S.A. 3 $ 131,018,984 $ 26,015,408 $ 22,611,948 $ - 34.52% $ 163,773,730 (USD 833,093 ) (USD 774,833 ) 0 Peony Investment S.A. 2 131,018,984 161,185 145,915-0.22% (USD 5,000 ) (USD 5,000 ) 0 EVERGREEN MARINE (UK) LTD. 3 131,018,984 19,643,049 17,682,773-26.99% (USD 613,184 ) (USD 605,927 ) 0 Taranto Container Terminal S.p.A. 6 32,754,746 664,732 606,175-0.93% (USD 20,746 ) (USD 20,772 ) 0 Whitney Equipment LLC. 3 131,018,984 3,035,565 2,747,988-4.19% (USD 96,164 ) (USD 94,164 ) 0 Hemlock Equipment LLC. 3 131,018,984 643,287 601,170-0.92% (USD 20,600 ) (USD 20,600 ) 0 Colon Container Terminal S.A. 6 32,754,746 924,557 280,157-0.43% (USD 28,680 ) (USD 9,600 ) 0 Balsam Investment (Netherlands) N.V. 6 32,754,746 1,579,613 1,429,967-2.18% (USD 49,000 ) (USD 49,000 ) 0 Evevgreen Agency (South Africa) (PTY) Ltd. 3 131,018,984 80,104 72,958-0.11% (USD 2,500 ) (USD 2,500 ) 1 1. 0 2. 1 2 1. 2. 3. 4. 5. 6. 3 4 250% 65,509,492 x 250% NTD163,773,730 214

2010 Annual Report 3. (%) 4,765 $ 46,686,907 100.00 $ 46,681,932 5,500 94,813 55.00 94,813 44,664 575,326 40.00 575,326 424,062 8,418,428 39.74 12,106,979 12/31 4,800 77,345 31.25 77,345 572,257 7,848,925 19.32 21,059,075 12/31 88,344 826,142 21.03 824,593-1,290 12,898 5.68 7,938 49 476 4.93 80,404 126,735 1,250,000 1.95 637,477 5,250 43,749 17.50 80,078 Linden Technologies,Inc. 50 15,372 2.53 - Toplogis,Inc. 2,464 22,100 17.48 17,538-46,561 893,965 8.45 893,965 1,579 63,143 0.02 63,143-22 334-334 : 215

(%) - 33,882 $ 510,023 - $ 510,023 10,015 120,008-120,008 12,285 160,020-160,020 5,754 90,010-90,010 12,987 180,060-180,060 42,137 510,044-510,044 1699 18,548 240,063-240,063 5,000 48,518-48,518 5,000 49,848-49,848 - - 104,287-104,287 - - 220,000-220,000 98 1 (B ) - 100,000-100,000 99 1-50,000-50,000-800,000-800,000 216

2010 Annual Report 4. - 27,378 $395,000 157,271 $2,272,000 184,649 $2,667,619 $2,667,000 $ 619 - $ - 13,243 152,014 38,499 442,000 51,742 594,192 594,014 178 - - 7,001 105,042 175,226 2,634,000 148,345 2,229,353 2,229,037 316 33,882 510,005 17,859 213,010 107,497 1,285,000 115,341 1,378,592 1,378,010 582 10,015 120,000 5,191 80,005 1,297 20,000 6,488 100,026 100,005 21 - - 25,977 297,005 48,851 559,000 74,828 856,287 856,005 282 - - 771 10,004 69,058 898,000 57,544 748,122 748,004 118 12,285 160,000 17,281 250,000 14,641 212,000 31,922 462,323 462,000 323 - - 2,057 32,072 134,439 2,100,000 130,742 2,042,305 2,042,072 233 5,754 90,000 4,205 58,067 85,550 1,184,000 76,768 1,062,365 1,062,046 319 12,987 180,021 9,376 112,000 32,188 385,000 41,564 497,148 497,000 148 - - 30,391 383,044 128,457 1,621,000 158,848 2,004,534 2,004,044 490 - - 10,527 127,002 184,002 2,225,000 152,392 1,842,313 1,841,991 322 42,137 510,011 - - 68,337 966,000 68,337 966,190 966,000 190 - - 8,123 90,033 7,665 85,000 15,788 175,086 175,033 53 - - 1699 13,906 179,239 18,548 240,000 13,906 179,490 179,239 251 18,548 240,000 3,210 50,000 6,419 100,000 9,629 150,039 150,000 39 - - 3,420 45,040 10,013 132,000 13,433 177,085 177,040 45 - - 13,837 183,000 - - 13,837 183,183 183,000 183 - - 8,921 100,004 - - 8,921 100,157 100,004 153 - - 23,360 258,011 47,046 520,000 70,406 778,184 778,011 173 - - DWS - - 9,302 104,000 9,302 104,012 104,000 12 - - 217

5. 6. 7. ( ) ( ) ( ) ( ) ( ) $ 776,310 5% 30~60 $ - - ($ 12,208 ) 1% 339,241 2% 30~60 - - ( 34,509 ) 2% " " 1,824,329 11% 30~60 - - 61,904 7% 672,076 4% 30~60 - - ( 50,949 ) 4% Greencompass Marine S.A. 242,542 2% 30~60 - - 25,280 2% " " 414,213 3% 30~60 - - 6,736 1% Gaining Enterprise S.A. 1,660,616 10% 30~60 - - - - : 218

2010 Annual Report 8. $ 124,141 - - $ 124,141 $ - 9. ( ) 219

( ) 1. East 53rd Street, Marbella, MMG Building, 2nd Floor,Panama, Republic of Panama USD 476,500 USD 476,500 4,765 100.00 $ 46,686,907 $ 11,774,790 $ 11,773,770 ( ) ( ) 177 2 55,000 55,000 5,500 55.00 94,813 11,871 6,529 ( ) ( ) 369 2 320,000 320,000 44,664 40.00 575,326 141,169 56,468 ( ) 899 4,753,514 4,753,514 424,062 39.74 8,418,428 1,082,191 471,099 ( ) 111 45 25,000 25,000 4,800 31.25 77,345 10,961 3,425 ( ) 1 376 11 10,767,879 10,767,879 572,257 19.32 7,848,925 12,016,736 2,321,099 ( ) 7 25 883,731 883,731 88,344 21.03 826,142 ( 177,497 ) ( 37,335 ) Greencompass Marine S. A. East 53rd Street, Marbella, MMG Building, 2nd Floor,Panama, Republic of Panama USD 353,500 USD 353,500 3,535 100.00 USD 981,010 USD 230,904 USD 230,904 ( ) Vigor Enterprise S.A. East 53rd Street, Marbella, MMG Building, 2nd Floor,Panama, Republic of Panama USD 500 USD 500 5 100.00 USD 527 (USD 15 ) (USD 15 ) ( ) Clove Holding Ltd. Craigmuir Chambers, P. O. Box71, Road Town, Tortola, B.V.I. USD 52,549 USD 52,549 10 100.00 USD 120,676 USD 5,611 USD 5,611 ( ) Evergreen Marine (UK) Ltd. 160 Euston Road, London NW 12 DX, U.K. USD 1,503 USD 1,503 765 51.00 USD 109,601 USD 151,558 USD 77,294 ( ) Evergreen Heavy Industrial Corp.(Malaysia) Berhad Lot 139, Jalan, Cecair, Phase 2 Free Trade Zone Johor Port Authority, 81700 Pasir Gudang, Johor, Johore Bahru, Malaysia USD 27,295 USD 27,295 42,120 84.44 USD 47,181 USD 3,540 USD 2,989 ( ) PT. Multi Bina Pura International JL Raya Cakung Cilincing, RT, 002-05, Desa Rorotan P.O. Box 6043 Jakarta 14260. Indonesia Lot 139, Jalan USD 20,204 USD 20,204 68 95.30 USD 17,371 USD 2,290 USD 2,183 ( ) 220

2010 Annual Report PT. Multi Bina Transport JL Raya Cakung Cilincing, RT, 002-05, Desa Rorotan P.O. Box 6043 Jakarta 14260. Indonesia Lot 139, Jalan USD 804 USD 804 2 17.39 USD 726 USD 943 USD 164 ( ) PT. Evergreen Shipping Agency Indonesia Gedung Price waterhouse coopers 9-10th Floors Jl. H.R. Rasuna said kav. C-03 Jakarta 12920, Indonesia USD 973 USD 973-51.00 USD 1,743 USD 1,853 USD 945 ( ) USD 3,134 USD 3,134-55.00 USD 3,120 (USD 762 ) (USD 419 ) ( ) Evergreen Shipping Agency (Singapore) Pte. Ltd. 333 Jalan Besar, Singapore 209018 USD 2,157 USD 2,157 765 51.00 USD 4,656 USD 55 USD 28 ( ) Evergreen Shipping Agency (Thailand) Co., Ltd. Green Tower, 24-25th Floors 3656/81 Rama IV Road Klongton Klongtoey Bangkok 10110 USD 1,474 USD 1,474 408 51.00 USD 2,580 USD 2,038 USD 1,039 ( ) Evergreen Shipping Agency (Korea) Corporation 12FL, POYAL BUILDING 5, DANGJN-DONG, CHONGRO-KU SEOUL KOREA USD 2,426 USD 2,426 121 100.00 USD 1,944 USD 573 USD 573 ( ) Armand Investment (Netherlands) N.V. VAN Engelenwen 21/A, Curacao Netherlands Antilles USD 9,203 USD 9,119 4 70.00 USD 9,309 (USD 606 ) (USD 424 ) ( ) Evergreen Shipping Agency (Deutschland) GmbH Evergreen Building Amsinckstrasse 55 20097 Hamburg,Germany USD 8,316 USD 8,316-100.00 USD 8,843 USD 243 USD 243 ( ) Evergreen Shipping Agency (Ireland) Ltd. 22 Fiztwilliam Place, Dublin 2, Ireland USD 95 USD 95-100.00 USD 189 USD 19 USD 19 ( ) Evergreen Shipping Agency (India) Pvt. Ltd. J.N. HEREDIA MARG BALLARD ESTATE MUMBAI 400 038, INDIA USD 184 USD 184 100 99.99 USD 2,323 USD 502 USD 502 ( ) Evergreen Shipping Agency (Australia) Pty. Ltd. Level 13,181 Miller Street, North Sydney NSW 2060 Australia USD 247 USD 247 1 67.50 USD 481 USD 461 USD 311 ( ) Evergreen Shipping Agency (Netherlands) B.V. Oudelandseweg 33, 3194AR, Hoogvliet, Rotterdam, The Netherlands USD 3,977 USD 3,977-100.00 USD 4,862 USD 473 USD 473 ( ) Evergreen Shipping Agency France S.A. Tour Franklin-La Defense 8, 92042 PARIS LA DEFENSE CEDEX-FRANCE. USD 907 USD 907 5 99.40 USD 1,337 USD 191 USD 189 ( ) Evergreen Shipping (Spain) S.L. CALLE SIETE AGUAS, 11 - ENTLO. 46023 VALENCIA, SPAIN USD 3,870 USD 3,870 3 55.00 USD 6,494 USD 5,790 USD 3,184 ( ) 221

Evergreen Shipping Agency (Poland) SP. ZO. O UL. POSTEPU 18, 02-676 WARSZAWA, POLAND USD 662 USD 662 2 100.00 USD 598 USD 11 USD 11 ( ) Evergreen Argentina S.A. Pje. Carabelas 344, CABA, Bs. As. Argentina USD 140 USD 140 150 95.00 USD 256 USD 72 USD 68 ( ) Evergreen Shipping Agency (Italy) S.p.A. SCALI CERERE, 9 LIVORNO ITALY USD 2,352 USD 2,352 1 55.00 USD 2,167 (USD 135 ) (USD 74) ( ) Evergreen Shipping Agency (Russia) Ltd. 6 Sofiyskaya Street, ST Petersburg, 192236 RUSSIA USD 848 USD 848-51.00 USD 904 USD 1,584 USD 808 ( ) Evergreen Shipping Agency (Vietnam) Corp. 11F, Fideco Tower 81-85 Ham Nghi St., Dist. 1, Ho Chi Minh City, Vietnam USD 454 USD 454-51.00 USD 1,229 USD 1,881 USD 959 ( ) Evergreen Agency (South Africa) (PTY) Ltd. BEDFORDVIEW OFFICE PARK NO. 3 RILEY ROAD BEDFORDVIEW 2007, 2008 GAUTENG PROVINCE, JOHANNESBURG, GAUTENG, 2008, P.O.BOX 1471 USD 550 USD 550 5,500 55.00 USD 2,682 USD 2,289 USD 1,259 ( ) 114 ( ) USD 4,447 USD 4,447-40.00 USD 7,124 USD 2,562 USD 1,025 ( ) 12 ( ) USD 2,000 USD 2,000-20.00 USD 2,286 USD 543 USD 109 201 ( ) USD 1,199 USD 1,199-40.00 USD 2,222 USD 610 USD 244 Luanta Investment (Netherlands) N.V. 21-A Van Engelenweg, Curacao, Netherlands, Antilles USD 27,559 USD 21,973 460 50.00 USD 83,773 (USD 12,825 ) (USD 6,412 ) Balsam Investment (Netherlands) N.V. 21-A Van Engelenweg, Curacao, Netherlands, Antilles USD 106,213 USD 86,736-49.00 USD 111,634 USD 82,408 USD 40,204 222

2010 Annual Report Green Peninsula Agencies SDN. BHD. NO.7, JALAN JURUTERA U1/23, SECTION U1, HICOM GLENMARIE INDUSTRIAL PARK, 40150 SHAH ALAM, SELANGOR DARUL EHSAN, MALAYSIA. USD 7,255 USD 7,255 1,500 30.00 USD 9,204 USD 4,986 USD 1,496 Evergreen Container Terminal (Thailand) Ltd. 33/4 Moo 1, Chaokhun Tahan Road, Sun District Klong 3, Lat Krabang District, Bangkok 10520 USD 20,327 USD 25,539 9,186 48.18 USD 28,617 USD 16,613 USD 8,004 Armand Investment (Netherlands ) N.V. Armand Estate B.V. Amsteldijk 166, 1079LH, Amsterdam USD 13,636 USD 13,460-100.00 USD 13,257 (USD 595 ) (USD 595 ) ( ) Armand Estate B.V. ( ) 7 25 USD 12,678 USD 12,678 41 9.76 USD 13,111 (USD 5,639 ) (USD 550 ) Armand Estate B.V. Clove Holding Ltd. Ample Holding Ltd. Craigmuir Chambers,P.O.BOX71,Road Town,Tortola,B.V.I USD 9 USD 9 9 90.00 USD 33,754 USD 4,002 USD 3,602 ( ) Island Equipment LLC. 655 Deep Valley Drive, Suite 300, Rolling Hils Estates, CA USD 144 USD 144-36.00 USD 1,696 USD 831 USD 299 ( ) Ample Holding Ltd. Colon Container Terminal S.A. COCO SOLO NORTH ADM BUILDING PANAMA USD 22,860 USD 22,860 22,860 40.00 USD 69,741 USD 10,526 USD 4,210 Ample Holding Ltd. Island Equipment LLC. Whitney Equipment LLC. 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808 USD 200 USD 200-100.00 USD 1,363 USD 287 USD 287 ( ) Hemlock Equipment LLC. 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808 USD 200 USD 200-100.00 USD 3,700 USD 1,015 USD 1,015 ( ) : 223

2. (%) 1 Evergreen Shipping Agency (India) Pvt. Ltd. ( 4) USD 500 USD - 1.098 2 USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 Kingtrans Intl. Logistics (Tianjin) Co., Ltd. USD 1,500 USD 1,500 1.442 2 USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 Luanta Investment (Netherlands) N.V. USD 12,509 USD 14,965 1.353 ~ 4.049 2 USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 EUR - EUR 100 NTD 13,101,898 NTD 26,203,797 2 Clove Holding Ltd. Island Equipment LLC. ( 4) USD 4,791 USD 4,791 1.291 2 USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 3 Evergreen Marine (UK) Limited Island Equipment LLC. ( 4) USD 1,996 USD 1,996 1.291 2 USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 Kingtrans Intl. Logistics (Tianjin) Co., Ltd. USD 1,500 USD 1,500 1.442 2 USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 4 Greencompass Marine S.A. Italia Marittima S.p.A. USD 10,000 USD - 1.284 2 USD - USD - - USD - NTD 13,101,898 NTD 26,203,797 1 1. 1 2. 2 2 2 3 1. 20% NTD 65,509,492*20%=NTD13,101,898 2. 40% NTD65,509,492*40%=NTD26,203,797 4 224

2010 Annual Report 3. 4. (Peony Investment S.A.) Clove Holding Ltd. 10 USD 120,676 100.00 USD 120,676 ( ) Evergreen Shipping Agency (Deutschland) GmbH - USD 8,843 100.00 USD 8,843 ( ) Evergreen Shipping Agency (Ireland) Ltd. - USD 189 100.00 USD 189 ( ) Evergreen Shipping Agency (Korea) Corporation 121 USD 1,944 100.00 USD 1,944 ( ) Evergreen Shipping Agency (Netherlands) B.V. - USD 4,862 100.00 USD 4,862 ( ) Evergreen Shipping Agency (Poland) SP.ZO.O 2 USD 598 100.00 USD 598 ( ) Greencompass Marine S.A. 3,535 USD 981,010 100.00 USD 981,010 ( ) Vigor Enterprise S.A. 5 USD 527 100.00 USD 527 ( ) Evergreen Shipping Agency (India) Pvt Ltd. 100 USD 2,323 99.99 USD 2,323 ( ) Evergreen Argentina S.A. 150 USD 256 95.00 USD 256 ( ) Evergreen Shipping Agency France S.A. 5 USD 1,337 99.40 USD 1,337 ( ) PT Multi Bina Pura International 68 USD 17,371 95.30 USD 17,371 ( ) PT Multi Bina Transport 2 USD 726 17.39 USD 726 ( ) Evergreen Heavy Industrial Co., (Malaysia) Bhd. 42,120 USD 47,181 84.44 USD 47,181 ( ) Armand Investment (Netherlands) N.V. 4 USD 9,309 70.00 USD 9,309 ( ) Evergreen Shipping (Spain) S.L. 3 USD 6,494 55.00 USD 6,494 ( ) Evergreen Shipping Agency (Italy) S.p.A. 1 USD 2,167 55.00 USD 2,167 ( ) Shenzhen Greentrans Transportation Co., Ltd. ( ) - USD 3,120 55.00 USD 3,120 ( ) Evergreen Marine (UK) Ltd. 765 USD 109,601 51.00 USD 109,601 ( ) Evergreen Shipping Agency (Australia) Pty Ltd. 1 USD 481 67.50 USD 481 ( ) Evergreen Shipping Agency (Russia) Ltd. - USD 904 51.00 USD 904 ( ) Evergreen Shipping Agency (Singapore) Pte. Ltd. 765 USD 4,656 51.00 USD 4,656 ( ) Evergreen Shipping Agency (Thailand) Co., Ltd. 408 USD 2,580 51.00 USD 2,580 ( ) Evergreen Shipping Agency (Vietnam) Corp. - USD 1,229 51.00 USD 1,229 ( ) PT. Evergreen Shipping Agency Indonesia - USD 1,743 51.00 USD 1,743 ( ) Evergreen Agency (South Africa) (PTY) Ltd. 5,500 USD 2,682 55.00 USD 2,682 ( ) 225

(Peony Investment S.A.) Luanta Investment (Netherlands) N.V. 460 USD 83,773 50.00 USD 83,773 Balsam Investment (Netherlands) N.V. - USD 111,634 49.00 USD 111,634 Evergreen Container Terminal (Thailand) Ltd. 9,186 USD 28,167 48.18 USD 28,167 Ningbo Victory Container Co., Ltd.( ) - USD 2,222 40.00 USD 2,222 Qingdao Evergreen Container Storage & Transportation Co., Ltd. ( ) - USD 7,124 40.00 USD 7,124 Green Peninsula Agencies SDN. BHD. 1,500 USD 9,204 30.00 USD 9,204 Kingtrans Intl. Logistics (Tianjin) Co., Ltd. ( ( ) ) - USD 2,286 20.00 USD 2,286 Dongbu Pusan Container Terminal Co. Ltd. - 300 USD 1,556 15.00 USD 1,556 Hutchison Inland Container Depots Ltd. 1 USD 1,492 7.50 USD 1,492 Colombo - South Asia Gateway Terminal 18,942 USD 2,412 5.00 USD 2,412 PT. Multi Bina Pura International PT. Multi Bina Transport 8 IDR 27,393,276 72.95 IDR 27,393,276 ( ) Clove Holding Ltd. Ample Holding LTD. 9 USD 33,574 90.00 USD 33,574 ( ) Island Equipment LLC. - USD 1,696 36.00 USD 1,696 ( ) Classic Outlook Investment Ltd. Clove - 2 USD 102,359 2.25 USD 102,359 Everup Profits Ltd. 2 USD - 2.25 USD - Ample Holding Ltd. Colon Container Terminal S.A. Ample 22,860 USD 69,741 40.00 USD 69,741 Island Equipment LLC. Whitney Equipment LLC. Island - USD 1,363 100.00 USD 1,363 ( ) Hemlock Equipment LLC. - USD 3,700 100.00 USD 3,700 ( ) 226

2010 Annual Report Evergreen Marine (UK) Limited Island Equipment LLC. EMU - GBP 424 15.00 GBP 424 ( ) Evergreen Marine (UK) Limited Kingtrans Intl. Logistics (Tianjin) Co., Ltd. ( ( ) ) - GBP 929 20.00 GBP 929 Evergreen Marine (UK) Limited Evergreen Shipping Agency (UK) Limited EMU - - GBP - 100.00 GBP - Lloyd triestino UK Limited - GBP - 100.00 GBP - Armand Investment (Netherlands) N.V. Armand Estate B.V. - USD 13,257 100.00 USD 13,257 ( ) Armand Estate B.V. Armand Estate B.V. 41 USD 13,111 9.76 USD 13,111 Greencompass Marine S.A. - 50 USD 5,000 - USD 5,000 " 18,200 USD 62,365 - USD 62,365 Evergreen Shipping Agency (Singapore) Pte Ltd. RTW AIR SERVICES (S) PL EGS - 30 SGD 50 2.00 SGD 50 Evergreen Shipping Agency (Thailand) Co., Ltd. Green Siam Air Service Co. EGT - 4 THB 1,160 2.00 THB 1,160 Evergreen Shipping Agency (Deutschland) GmbH Evergreen Shipping Agency (Austria) GmbH EGD - EUR 18 100.00 EUR 18 Zoll Pool Hafen Hamburg AG 10 EUR 10 6.25 EUR 10 Evergreen Shipping Agency (Switzerland) S.A. - EUR 69 100.00 EUR 69 5. 6. 7. 227

8. ( ) ( ) ( ) ( ) ( ) ( ) $ 672,076 99% 30-60 - - $ 50,949 68% ( ) Greencompass Marine S.A. USD 13,060 1% 15~30 - - - - ( ) USD 7,764-15~30 - - - - ( ) Evergreen Marine (Hong Kong)Ltd. USD 31,660 2% 15~30 - - (USD -152 ) 18% USD 11,754 1% 15~30 - - - - Evergreen International S.A. USD 21,308 1% 15~30 - - (USD -144 ) 17% Evergreen Heavy Industrial Co., (Malaysia) Bhd. USD 45,770 3% 15~30 - - - - ( ) ( ) USD 4,603-15~30 - - - - Evergreen Heavy Industrial Corp. (Malaysia) Berhad Greencompass Marine S.A. MYR 146,031 85% 45 - - MYR 28,216 75% ( ) Evergreen Marine (Singapore)Pte. Ltd. MYR 26,767 15% 45 - - MYR 9,642 25% ( ) Evergreen Shipping Agency (Deutschland) GmbH Evergreen Marine (UK) Ltd. EUR 2,438 25% - - - - Evergreen Marine (UK) Ltd. ( ) GBP 2,107-30~60 - - - - Evergreen Shipping Agency (Deutschland) GmbH GBP 2,010-30~60 - - - - ( ) Evergreen Shipping Agency (Netherlands)B.V. GBP 2,959-30~60 - - - - ( ) Evergreen Shipping Agency (Netherlands)B.V. Evergreen Marine (UK) Ltd. EUR 2,850 30% - - - - ( ) Island Equipment LLC Seaside Transportation Service LLC USD 3,709 21% 5 - - USD 23 100% 228

2010 Annual Report 9. Peony Investment S.A. Luanta Investment (Netherlands) N.V. USD 12,777 - - - - Evergreen Heavy Industrial Corp. (Malaysia) Berhad Greencompass Marine S.A. ( ) MYR 28,216 - - MYR 4,636 - Clove Holding Ltd. Island Equipment LLC. USD 4,791 - - - - Greencompass Marine S.A. Evergreen Shipping Agency (Deutschland) GmbH ( ) USD 4,358 - - USD 4,358 - Evergreen Shipping Agency France S.A. ( ) USD 7,892 - - USD 7,892 - Evergreen Shipping (Spain) S.L. ( ) USD 4,117 USD 4,117 - Evergreen Shipping Agency (Italy) S.p.A. ( ) USD 5,683 - - USD 5,683-229

10. Greencompass Marine S.A. Evergreen Marine (UK) Ltd. 99 12 31 99 12 31 USD 40,863 (USD 8,166 ) USD 966 USD 179 230

2010 Annual Report ( ) ( 1) (Ningbo Victory Container Co., Ltd.) ( ) RMB 24,119 ( ) $ 29,708 (USD 1,018 ) - - $ 29,708 (USD 1,018 ) (Qingdao Evergreen Container Storage & Transportation Co., Ltd.) ( ) RMB 92,500 ( ) $ 129,777 (USD 4,447 ) - - $ 129,777 (USD 4,447 ) (Shenzhen Greentrans Transportation Co., Ltd.) RMB 44,960 ( ) $ 91,460 (USD 3,134 ) - - $ 91,460 (USD 3,134 ) (Shenzhen Hutchison Inland Container Depots Co., Ltd.) HKD 92,000 ( ) $ 23,638 (HKD 6,304 ) - - $ 23,638 (HKD 6,304 ) ( ) (Kingtrans Intl. Logistics (Tianjin) Co., Ltd.) ( ) RMB 77,929 ( ) $ 116,732 (USD 4,000 ) $ - - $ 116,732 (USD 4,000 ) ( 3) $ 391,315 $ 1,053,273 $ 39,494,112 (USD 12,599 ) (USD 36,092 ) (HKD 6,304 ) ( $65,823,520) 1 1 ( ) ( ) ( ) ( ) ( ) 2 ( ) ( ) 1. 2. 3. 3 4 2 ( 2)( (2) (3)) 40.00 $ 7,680 (USD 244 ) 40.00 $ 32,260 (USD 1,025 ) 55.00 ($ 13,194 ) (-USD 419 ) 6.85 $ - 30.20 $ 4,841 (USD 154 ) $ 64,839 (USD 2,222 ) $ 207,893 (USD 7,124 ) 91,061 (USD 3,120 ) $ 23,638 (HKD 6,304 ) $ 133,399 (USD 4,571 ) $ - - - - - - 231

( ) 99 ( ) ( ) (%) 0 ( ) ( ) 1 $ 50,949 0.03 1 2,905-1 672,076 0.60 Greencompass Marine S.A. 1 6,736 0.02 1 25,280 0.02 1 4 0.01 1-623,468 0.17 1 414,213 0.46 1 242,542 0.22 Evergreen Marine (UK) Limited 1 2,618-1 3,655-1 612-1 - 2,750 0.11 1 35,458 0.03 PT.Multi Bina Pura International 1 2 - Evergreen Shipping Agency (India) Pvt. Ltd. 1 6,423 0.01 1-1,933 0.03 Evergreen Shipping Agency (Thailand) Co., Ltd. 1 17,884 0.01 1-10,877 0.02 PT. Evergreen Shipping Agency Indonesia 1 1-1 - 15,352 0.02 1 35,203 0.03 232

2010 Annual Report 99 ( ) ( ) ( ) (%) 0 ( ) Evergreen Shipping Agency (Singapore) Pte. Ltd. 1 - $ 98-1 11,204 0.01 Evergreen Shipping Agency (Korea) Corporation 1 2,716-1 - 295 - Evergreen Shipping Agency (Deutschland) GmbH 1-1,722-1 11,490 0.01 Evergreen Shipping Agency (Ireland) Ltd. 1-256 - 1 283 - Evergreen Shipping Agency (Netherlands) B.V. 1 1-1 - 75,829-1 5,303 - Evergreen Shipping Agency (Poland) SP.ZO.O 1-755 - 1 1,827 - Evergreen Shipping Agency France S.A. 1-7 - 1 2,299 - Evergreen Shipping (Spain) S.L. 1 1,468-1 - 279 - Evergreen Shipping Agency (Italy) S.p.A. 1-4,381-1 8,227 0.01 Evergreen Shipping Agency (Russia) Limited 1 2-233

99 ( ) ( ) ( ) (%) 0 ( ) Evergreen Shipping Agency (Vietnam) Corp. 1 $ 8,102 0.01 1-22,565 - Evergreen Shipping Agency (Australia) Pty. Ltd. 1-115 - Evergreen Shipping Agency (Sounth Africa) (PTY) Ltd. 1-469 - 1 Greencompass Marine S.A. Evergreen Marine (UK) Limited 3-6,902 0.01 3 584 - Evergreen Heavy Industrial Co., (Malaysia) Berhad 3 1,429,119 1.43 3 267,046 0.01 Evergreen Shipping Agency (India) Pvt. Ltd. 3 14,129 0.01 3-1 - 3 17,949 0.02 Evergreen Shipping Agency (Thailand) Co., Ltd. 3 12,133 0.03 3-11,319 0.01 3 43,938 0.04 PT. Evergreen Shipping Agency Indonesia 3 20,799 0.02 3-18,277-3 30,904 0.03 Evergreen Shipping Agency (Singapore) Pte. Ltd. 3 18,776 0.01 3-11,846-234

2010 Annual Report 99 ( ) ( ) ( ) (%) 1 Greencompass Marine S.A. Evergreen Shipping Agency (Singapore) Pte. Ltd. 3 - $ 2,301-3 18,481 0.02 Evergreen Shipping Agency (Korea) Corporation 3 57,954 0.05 3-37,784-3 31,233 0.03 Evergreen Shipping Agency (Deutschland) GmbH 3 127,193 0.10 3 10,756-3 - 3,505-3 57,151 0.04 Evergreen Shipping Agency (Ireland) Ltd. 3 8,813 0.02 3-2,064-3 - 10-3 3,830 - Evergreen Shipping Agency (Netherlands) B.V. 3 51,113 0.02 3-6,314-3 60,175 0.04 Evergreen Shipping Agency (Poland) SP.ZO.O 3 9,479 0.02 3 164-3 - 38,792-3 3,895-235

99 ( ) ( ) ( ) (%) 1 Greencompass Marine S.A. Evergreen Shipping Agency France S.A. 3 $ 70,493 0.04 3-2,900 - Evergreen Shipping (Spain) S.L. 3 55,462 0.05 3 120,141 0.10 3-94,540-3 - 8,778 - Evergreen Shipping Agency (Italy) S.p.A. 3-7,348 0.01 3-9,839-3 61,290 0.06 Evergreen Shipping Agency (Russia) Limited 3 8,445 0.01 Evergreen Shipping Agency (Vietnam) Corp. 3 13,030 0.01 3 20,515 0.02 3-7 - Evergreen Shipping Agency (Australia) Pty. Ltd. 3 7,982-3 - 3,156-3 - 420-3 5,230 - Evergreen Shipping Agency (Sounth Africa) (PTY) Ltd. 3 280-3 - 82-3 399-2 Evergreen Marine (UK) Limited Evergreen Shipping Agency (Thailand) Co., Ltd. 3-3,064 0.01 3-18,360 0.02 236

2010 Annual Report 99 ( ) ( ) ( ) (%) 2 Evergreen Marine (UK) Limited Evergreen Shipping Agency (Thailand) Co., Ltd. 3 $ 45,068 0.04 Evergreen Shipping Agency (India) Pvt. Ltd. 3 23,569 0.02 3-1,458 - PT. Evergreen Shipping Agency Indonesia 3 10,505-3 - 3,957-3 42,772 - Island Equipment LLC. 3 58,254 0.05 Evergreen Shipping Agency (Singapore) Pte. Ltd. 3 3,146-3 - 841-3 13,853 0.01 Evergreen Shipping Agency (Korea) Corporation 3 16,933 0.01 3-35,809-3 - 3,519 - Evergreen Shipping Agency (Deutschland) GmbH 3 4,951 0.01 3-14,858 0.02 3 97,690 0.10 Evergreen Shipping Agency (Ireland) Ltd. 3 161-3 - 1,147-3 7,880 0.01 Evergreen Shipping Agency (Netherlands) B.V. 3 102,413 0.10 237

99 ( ) ( ) ( ) (%) 2 Evergreen Marine (UK) Limited Evergreen Shipping Agency (Netherlands) B.V. 3 $ 7,142 0.01 3-28,422-3 - 16,527 - Evergreen Shipping Agency (Poland) SP.ZO.O 3 6,068 0.01 3 1,288-3 - 5,160-3 - 1,500 - Evergreen Shipping Agency France S.A. 3-11 - 3-4,783-3 63,998 0.07 Evergreen Shipping (Spain) S.L. 3 30,775 0.03 3-13,742-3 - 26 - Evergreen Shipping Agency (Italy) S.p.A. 3-5,173-3 - 8,079-3 19,345 0.02 Evergreen Shipping Agency (Russia) Limited 3 1,449-3 - 823 - Evergreen Shipping Agency (Vietnam) Corp. 3 38,878 0.03 3-1,417 - Evergreen Shipping Agency (Australia) Pty. Ltd. 3 439-238

2010 Annual Report 99 ( ) ( ) ( ) (%) 2 Evergreen Marine (UK) Limited Evergreen Shipping Agency (Australia) Pty. Ltd. 3 - $ 18 - Evergreen Shipping Agency (Sounth Africa) (PTY) Ltd. 3-400 - 3 630-3 PT.Multi Bina Pura International PT.Multi Bina Transport 3 412-3 396-3 239-3 6,273 0.01 3 4,698 - PT. Evergreen Shipping Agency Indonesia 3 980-4 Clove Holding Ltd. Island Equipment LLC. 3 139,810 0.11 5 Evergreen Shipping Agency (Deutschland) GmbH Evergreen Shipping Agency (Russia) Limited 3 3,384 0.01 3 4,569-3 53,978 0.05 6 PT.Multi Bina Transport PT. Evergreen Shipping Agency Indonesia 3 4,105-1. 0 2. 1 1. 2. 3. 239

98 ( ) ( ) (%) 0 ( ) ( ) 1 $ - - 1 3,082-1 629,317 0.77 Greencompass Marine S.A. 1 3,314-1 2,043-1 1,958-1 - 206,716 0.18 1 370,031 0.45 1 247,085 0.30 Evergreen Marine (UK) Limited 1 4,909-1 12-1 - 74,315 0.07 1 58,623 0.07 1-59,036 0.05 1 2,771 - Evergreen Shipping Agency (Thailand) Co., Ltd. 1-25,509 0.02 1-26,664 0.02 1 25,269 0.03 PT. Evergreen Shipping Agency Indonesia 1-3,525-1 35,061 0.04 Evergreen Shipping Agency (Singapore) Pte. Ltd. 1 11-1 6,343 0.01 Evergreen Shipping Agency (Korea) Corporation 1 1,851-240

2010 Annual Report 98 ( ) ( ) 0 ( ) Evergreen Shipping Agency (Deutschland) GmbH ( ) 1 - $ 582 (%) - 1-615 - 1 1,086-1 1,838 - Evergreen Shipping Agency (Ireland) Ltd. 1-366 - 1 57 - Evergreen Shipping Agency (Netherlands) B.V. 1-1,214-1 1,899 - Evergreen Shipping Agency (Poland) SP.ZO.O 1-19 - 1 387 - Evergreen Shipping Agency France S.A. 1-227 - 1 331 - Evergreen Shipping (Spain) S.L. 1 242 - Evergreen Shipping Agency (Italy) S.p.A. 1-6,911 0.01 1-6,579 0.01 1 2,150 - Evergreen Shipping Agency (Russia) Limited 1-208 - Evergreen Shipping Agency (Vietnam) Corp. 1 8,050 0.01 Evergreen Shipping Agency (Australia) Pty. Ltd. 1-714 - 1 6 - Evergreen Shipping Agency (Sounth Africa) (PTY) Ltd. 1-12 - 1 Peony Investment S.A. Evergreen Shipping Agency (India) Pvt. Ltd. 3 $ 16,136 0.01 241

98 ( ) ( ) ( ) (%) 1 Peony Investment S.A. 3 $ 48-3 5-3 3,432-2 Greencompass Marine S.A. Evergreen Marine (UK) Limited 3-19,488 0.02 Evergreen Heavy Industrial Co., (Malaysia) Sdn. Bhd. 3 358,501 0.44 Evergreen Shipping Agency (India) Pvt. Ltd. 3 29,858 0.03 3-97 - 3 25,123 0.03 Evergreen Shipping Agency (Thailand) Co., Ltd. 3 9,003 0.01 3-20,440 0.02 3-23,641 0.02 3 41,692 0.05 PT. Evergreen Shipping Agency Indonesia 3 32,708 0.03 3-93 - 3 34,200 0.04 Evergreen Shipping Agency (Singapore) Pte. Ltd. 3 20,063 0.02 3 32-3 12,559 0.02 2 Greencompass Marine S.A. Evergreen Shipping Agency (Korea) Corporation 3 32,726 0.03 3 24,132 0.03 Evergreen Shipping Agency (Deutschland) GmbH 3 43,208 0.04 3 5,864 0.01 242

2010 Annual Report 98 ( ) ( ) 2 Greencompass Marine S.A. Evergreen Shipping Agency (Deutschland) GmbH ( ) (%) 3 $ 94,178 0.11 Evergreen Shipping Agency (Ireland) Ltd. 3 9,317 0.01 3-51 - 3 8,054 0.01 Evergreen Shipping Agency (Netherlands) B.V. 3 54,890 0.05 3-8,481 0.01 3-4,374-3 109,014 0.13 Evergreen Shipping Agency (Poland) SP.ZO.O 3 6,929 0.01 3 6,246 0.01 Evergreen Shipping Agency France S.A. 3 43,563 0.04 3 79,435 0.10 Evergreen Shipping (Spain) S.L. 3 36,113 0.04 Evergreen Shipping Agency (Italy) S.p.A. 3 208,516 0.18 3-17,553 0.02 2 Evergreen Shipping Agency (Italy) S.p.A. 3-8,990 0.01 3 44,012 0.05 Evergreen Shipping Agency (Russia) Limited 3 7,314 0.01 Evergreen Shipping Agenc (Vietnam) Corp. 3 10,300 0.01 3-115 - 3 22,540 0.03 Evergreen Shipping Agency (Australia) Pty. Ltd. 3 13,559 0.01 243

98 ( ) ( ) 2 Greencompass Marine S.A. Evergreen Shipping Agency (Australia) Pty. Ltd. ( ) (%) 3 $ 7,453 0.01 Evergreen Shipping Agency (Sounth Africa) (PTY) Ltd. 3 501-3 - 325-3 - 1,000-3 2,076-3 Evergreen Marine (UK) Limited Island Equipment LLC. 3 64,210 0.06 Evergreen Shipping Agency (Thailand) Co., Ltd. 3-17,594 0.02 3-22,650 0.02 3 25,872 0.03 3 73 - Evergreen Shipping Agency (India) Pvt. Ltd. 3 22,446 0.03 PT. Evergreen Shipping Agency Indonesia 3-1,015-3 28,047 0.03 Evergreen Shipping Agency (Singapore) Pte. Ltd. 3-489 - 3 Evergreen Marine (UK) Limited Evergreen Shipping Agency (Singapore) Pte. Ltd. 3 5,303 0.01 Evergreen Shipping Agency (Korea) Corporation 3 7,891 0.01 Evergreen Shipping Agency (Deutschland) GmbH 3 11,971 0.01 3 168,856 0.21 Evergreen Shipping Agency (Ireland) Ltd. 3 159-244

2010 Annual Report 98 ( ) ( ) 3 Evergreen Marine (UK) Limited Evergreen Shipping Agency (Ireland) Ltd. ( ) 3 - $ 3,228 (%) - 3 14,038 0.02 Evergreen Shipping Agency (Netherlands) B.V. 3 76,749 0.09 Evergreen Shipping Agency (Poland) SP.ZO.O 3 7,863 0.01 Evergreen Shipping Agency France S.A. 3-10,372 0.01 3 78,919 0.10 Evergreen Shipping (Spain) S.L. 3-301 - 3 27,601 0.03 Evergreen Shipping Agency (Italy) S.p.A. 3-7,871 0.01 3-1,336-3 14,832 0.02 Evergreen Shipping Agency (Russia) Limited 3 1,094-3 - 1,515 - Evergreen Shipping Agency (Vietnam) Corp. 3-1,230-3 23,506 0.03 Evergreen Shipping Agency (Australia) Pty. Ltd. 3-143 - 3 Evergreen Marine (UK) Limited Evergreen Shipping Agency (Australia) Pty. Ltd. 3 405 - Evergreen Shipping Agency (Sounth Africa) (PTY) Ltd. 3-69 - 3-201 - 3 442-4 Clove Holding Ltd. Island Equipment LLC. 3 154,104 0.13 245

98 ( ) ( ) 5 PT.Multi Bina Pura International ( ) (%) PT.Multi Bina Transport 3 $ 402-3 254-3 218-3 4,529 0.01 3 3,124 - PT. Evergreen Shipping Agency Indonesia 3 1,788 - Evergreen Shipping Agency (Russia) Limited 3 3,799-3 25,002 0.03 6 PT. Evergreen Shipping Agency Indonesia PT.Multi Bina Transport 3 4,937-1. 0 2. 1 1. 2. 3. 246

2010 Annual Report ( ) ( ) 99 $ 16,586,236 $ 54,788,870 $ 36,523,465 $ 1,041,555 $ 413,050 $ 109,353,176 ( 13,270,713 ) ( 46,344,798 ) ( 29,528,232 ) ( 159,954 ) ( 34,836 ) ( 89,338,533 ) ( 5,112,275 ) ( 484,217 ) 4,337,426 $ 18,755,577 $ 24,725,288 $ 40,680,336 $ 31,603,302 $ 4,867,939 $ 325,311 $ 102,202,176 27,363,307 $ 129,565,483 98 $ 14,639,973 $ 39,642,574 $ 26,583,350 $ 747,219 $ 323,199 $ 81,936,315 ( 9,409,425 ) ( 45,333,663 ) ( 29,146,688 ) ( 164,553 ) ( 13,933 ) ( 84,068,262 ) ( 5,351,372 ) ( 399,737 ) ( 4,990,591 ) ($ 12,873,647 ) $ 25,166,319 $ 32,992,351 $ 27,137,786 $ 4,393,870 $ 315,229 $ 90,005,555 24,223,122 $ 114,228,677 ( ) 99 98 % % $ 39,208,792 40 $ 31,322,840 41 23,470,023 24 17,870,467 24 20,006,664 20 15,631,339 21 138,633-211,738-5,449,163 6 4,946,157 7 9,321,787 10 5,539,365 7 ( ) 10% 247

99 98 % 9,968,985 11,639,249 (1,670,264) -14.35% 68,104,188 57,746,286 10,357,902 17.94% 11,360,775 10,838,750 522,025 4.82% 222,456 302,276 (79,820) -26.41% 89,656,404 80,526,561 9,129,843 11.34% 10,636,628 6,927,545 3,709,083 53.54% 10,457,355 16,940,692 (6,483,337) -38.27% 2,738,901 2,206,727 532,174 24.12% 23,832,884 26,074,964 (2,242,080) -8.60% 31,248,395 30,625,992 622,403 2.03% 7,202,990 6,675,194 527,796 7.91% 31,951,458 16,786,007 15,165,451 90.35% (4,579,323) 364,404 (4,943,727) -1356.66% 65,823,520 54,451,597 11,371,923 20.88% : (1) (2) (3) (4) (5) 99 (6) 248

2010 Annual Report 99 98 % 17,026,011 15,062,947 1,963,064 13.03% 15,165,773 13,075,356 2,090,417 15.99% 1,860,238 1,987,591 (127,353) -6.41% 1,775,271 1,515,050 260,221 17.18% 84,967 472,541 (387,574) -82.02% 16,395,786 3,301,851 13,093,935 396.56% 615,871 14,506,852 (13,890,981) -95.75% ( ) 15,864,882 (10,732,460) 26,597,342-247.82% ( ) 699,431 (877,107) 1,576,538-179.74% ( ) 15,165,451 (9,855,353) 25,020,804-253.88% 0 0 0 - ( ) 15,165,451 (9,855,353) 25,020,804-253.88% : (1) 99 (2) (3) 99 ( ) (a) (b) (c) ( ) (a)+(b)+(c) 2,081,672 4,815,861 (3,415,811) 3,481,722 (1) 98 (2) 98 (3) 99 249

( ) (1) (2) (3) ( ) (1)+(2)+(3) 3,481,722 1,809,683 723,029 6,014,434 (1) 99 12 31 (2) (3) ( ) 99 100 101~103 99 44,200 44,200 102 9,411,783 1,505,142 1,986,716 5,919,925 103 3,122,821 161,859 778,937 2,181,025 ( ) 99 14,595,055 ( ) 1. 99 2. CCS 250

2010 Annual Report ( ) ( ) ( ) 99 ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) 251

( ) 1. 70% 100% ARMAND N.V. GMS 100% ARMAND B.V. 100% VIGOR CLOVE 90% AMPLE 84.44% 55% 100% 51% EHIC (M) SGTC EGK EMU 36% 15% ISLAND Whitney 100% 100% Hemlock E M C 100% 55% PEONY 100% 100% 95% 99.4% 55% 55% 67.5% 99.997% EGN EGD(WWX) EGB EGF EES EIT EMA EGI 55% 100% 51% 51% 51% 51% 51% ESA EGD ERU EGS EGT EGV EMI 100% EGU(DBL) TTSC 95.3% MBPI 72.95% MBT 17.39% 252

2010 Annual Report EMC : 長榮海運股份有限公司 PEONY : Peony Investment S.A.( 永華投資有限公司 ) TTSC : 台灣碼頭服務股份有限公司 ARMAND N.V. : ARMAND Investment N.V. ARMAND B.V. : ARMAND Estate B.V. GMS : Greencompass Marine S.A.( 青標海運有限公司 ) VIGOR : Vigor Enterprise S.A. CLOVE : Clove Holding Ltd. AMPLE : Ample Holding Ltd. EHIC(M) : Evergreen Heavy Industrial Corp.(Malaysia)Berhad SGTC : 深圳運榮運輸有限公司 EGK : Evergreen Shipping Agency (Korea) Corporation EMU : Evergreen Marine (UK) Limited EGN : Evergreen Shipping Agency (Netherlands) B.V. EGD( WWX) : Evergreen Shipping Agency (Poland) SP. ZO. O EGD : Evergreen Shipping Agency (Deutschland) GmbH EGB : Evergreen Argentina S.A. ERU : Evergreen Shipping Agency (Russia) Limited EGF : Evergreen Shipping Agency France S.A. EGS : Evergreen Shipping Agency (Singapore) Pte Ltd. EES : Evergreen Shipping (Spain) S.L. ESA : Evergreen Shipping Agency (South Africa) Pty Ltd. EGT : Evergreen Shipping Agency (Thailand) Co., Ltd. EIT : Evergreen Shipping Agency (Italy) S.p.A. EGV : Evergreen Shipping Agency (Vietnam) Corp. EMA : Evergreen Shipping Agency (Australia) Pty Ltd. EMI : PT. Evergreen Shipping Agency Indonesia EGI : Evergreen Shipping Agency (India) Private Limited. EGU( DBL) : Evergreen Shipping Agency (Ireland) Ltd. MBPI : PT. Multi Bina Pura International MBT : PT. MULTI BINA TRANSPORT ISLAND : Island Equipment LLC Whitney : Whitney Equipment LLC Hemlock : Hemlock Equipment LLC 253

2 99 12 31 East 53rd Street, Marbella, MMG Building, 2nd Floor, Panama, Peony Investment S.A. 82/01/04 USD 476,500 Republic of Panama 86/12/27 177 2 NTD 100,000 ARMAND Investment (Netherlands) N.V. 89/12/29 Van Engelenweg 21/A, Curacao, Netherlands Antilles USD 6 ARMAND Estate B.V. 89/04/18 Amsteldijk 166, 1101LH, Amsterdam EUR 20.42 Clove Holding Ltd. 89/11/16 Craigmuir Chambers, P.O. BOX 71, Road Town, Tortola, B.V.I USD 10 Ample Holding Ltd. 90/01/22 Craigmuir Chambers, P.O. BOX 71, Road Town, Tortola, B.V.I USD 10 East 53rd Street, Marbella, MMG Building, 2nd Floor, Greencompass Marine S.A. 82/08/16 USD 353,500 Panama, Republic of Panama East 53rd Street, Marbella, MMG Building, 2nd Floor, Vigor Enterprise S.A. 87/11/26 USD 500 Panama, Republic of Panama Evergreen Marine (UK) Limited 90/04/30 160 Euston Road.London Nw1 2dx, u.k. GBP 1,500 Island Equipment LLC 91/05/22 655 Deep Valley Drive, Suite 300, Rolling Hils Estates, CA USD 400 2711 Centerville Road, Suite 400, Wilmington, Whitney Equipment LLC 94/03/15 USD 200 Delaware 19808 2711 Centerville Road, Suite 400, Wilmington, Hemlock Equipment LLC 94/03/07 USD 200 Delaware 19808 Evergreen Heavy Industrial Corp. 78/06/06 (Malaysia) SDN.BHD Lot 139, JALAN, Cecair Phase 2 Free Trade Zone, Johor Port MYR 49,879 Authority, B1700 Pasir Gudang, Johor, Malaysia 254

2010 Annual Report 87/03/06 RMB 44,960 Jl Raya Cakung Cilincing Km.4, Jakarta Utara PT. Multi Bina Pura International 81/09/10 RP 159,042,000,000 14260, Indonesla Jl. Raya Cakung Cilincing Km.4, Jakarta Utara PT. MULTI BINA TRANSPORT 83/01/01 RP 10,350,000 14260, Indonesia Evergreen Shipping Agency 75/10/02 (Deutschland) GmbH Evergreen Building Amsinckstrasse 55 20097 EUR 61 Hamburg, Germany Evergreen Shipping Agency (Ireland) Ltd 76/08/24 22 Fiztwilliam Place, Dublin 2, Ireland EUR - Evergreen Shipping Agency 90/01/01 (Korea) Corporation 12F, Royal Buliding.5,Dangju-dong KRW 606,000 Chongro-Ku, Seoul, Republic of Korea Evergreen Shipping Agency 79/10/17 (Netherlands) B.V. Oudelandseweg 33, 3194AR, Hoogvliet, Rotterdam, EUR 24 The Netherlands Evergreen Shipping Agency (Poland) SP. ZO. O 86/10/03 UL. SOLEC 22, 00-410 WARSZAWA, POLAND PLN 170 Evergreen Shipping Agency 93/01/19 (India) Private Limited. J.N. HEREDIA MARG BALLARD ESTATE INR 1,000 MUMBAI 400 038, INDIA Evergreen Shipping Agency 89/03/31 France S.A. Tour Franklin-La Defense 8, 92042 PARIS LA EUR 500 DEFENSE CEDEX-FRANCE. Evergreen Argentina S.A. 86/10/31 Pje. Carabelas 344, CABA, Bs. As. Argentina ARS 1,580 Evergreen Shipping (Spain) S.L. 96/01/01 CALLE SIETE AGUAS, 11 - ENTLO. 46023 VALENCIA, SPAIN EUR 600 Evergreen Shipping Agency (Italy) S.p.A. 94/11/09 SCALI CERERE, 9 LIVORNO ITALY EUR 2,000 255

Evergreen Shipping Agency (Australia) Pty Ltd. 91/05/27 Level 13,181 Miller Street, North Sydney NSW 2060 Australia AUD 1 Evergreen Shipping Agency (Russia) Limited 94/09/01 6 Sofiyskaya Street, ST Petersburg, 192236 RUSSIA RUB 6,000 Evergreen Shipping Agency (Singapore) Pte Ltd. 89/10/24 333 Jalan Besar, Singapore 209018 SGD 1,500 Evergreen Shipping Agency 90/02/14 (Thailand) Co., Ltd. Green Tower, 24-25th Floors, 3656/81 Rama IV Road, THB 40,000 Klongton Klongtoey Bangkok 10110 PT. Evergreen Shipping Agency 91/12/18 Indonesia Gedung Price waterhouse coopers 9-10 th Floors Jl. H.R. Rasuna said kav. C-03 RP 9,000,000 Jakarta 12920, Indonesia Evergreen Shipping Agency (Vietnam) Corp. 92/01/01 13F, 37 Ton Duc Thang St., Dist 1., HCMC, Vietnam VND 10,841,586 Evergreen Agency (South Africa) (Proprietary) Ltd. 98/04/01 9B Riley Road,Bedfordview, Gauteng, 2007 South Africa ZAR 10, 000 USD NTD = 129.183 IDR NTD = 10.003243457 RMB NTD = 14.420996819 MYR NTD = 19.464245176 GBP NTD = 145.07027027 EUR NTD = 138.82266862 KRW NTD = 10.025589991 INR NTD = 10.651551686 ARS NTD = 17.343482637 AUD NTD = 129.67259786 RUB NTD = 10.955572728 SGD NTD = 122.64178757 THB NTD = 10.967927032 VND NTD = 10.001496756 ZAR NTD = 14.402987326 PLN NTD = 19.792295819 3. 4. 256

2010 Annual Report 5. ( ) / ( ) ISLAND EQUIPMENT LLC WHITNEY EQUIPMENT LLC HEMLOCK EQUIPMENT LLC ARMAND INVESTMENT (NETHERLANDS) N.V. C.T.M. Corporation N.V. CEO&President Secretary Treasurer CEO&President Secretary Treasurer CEO&President Secretary Treasurer Managing Director, C.T.M. Corporation N.V. USD 400,000 USD 200,000 USD 200,000 USD 6,000 CLOVE HOLDING LTD. USD 10,000 AMPLE HOLDING LTD. USD 10,000 SHENZHEN GREENTRANS TRANSPORTATION CO., LTD. ARMAND ESTATE B.V. EVERGREEN SHIPPING AGENCY (NETHERLANDS) B.V. PT MULTI BINA PURA INTERNATIONAL PT MULTI BINATRANSPORT PT. EVERGREEN SHIPPING AGENCY INDONESIA EVERGREEN HEAVY INDUSTRIAL CORP. (M) BERHAD * 3 A.W.M. Jansen * 1 M. F. Permadi * 1 M. F. Permadi * 1 Gunadi Widjaja ( ) ( ) * 1 Managing Director, A.W.M. Jansen Managing Director, President President Director Managing Director Comissioner ( ) Gunadi Widjaja. President Director ComissionerGunadi Widjaya ChairmanGunadi Widjaya President Comissioner Chairman SecretaryYong May Li RMB 44,960,000 EUR 20,420.11 EUR 23,500 IDR 159,042,000,000 IDR 10,350,000,000 USD 1,012,943 MYR 49,878,735 257

PEONY INVESTMENT S.A. GREENCOMPASS MARINE S.A. VIGOR ENTERPRISE S.A. EVERGREEN MARINE(UK) LIMITED EVERGREEN SHIPPING AGENCY (IRELAND) LTD. EVERGREEN SHIPPING AGENCY (DEUTSCHLAND) GMBH EVERGREEN SHIPPING AGENCY (KOREA) CORPORATION EVERGREEN SHIPPING AGENCY(POLAND) SP. ZO. O EVERGREEN SHIPPING AGENCY (INDIA) PRIVATE LIMITED. EVERGREEN ARGENTINA S.A. EVERGREEN SHIPPING AGENCY FRANCE S.A. EVERGREEN SHIPPING SPAIN S.L. Maurice Storey President Secretary Treasurer President Secretary Treasurer President Secretart Treasurer Maurice Storey Chairman President&Secretary Chairman Secretary Chairman Managing Director Chairman President Statutory Auditor USD 476,500,000 USD 353,500,000 USD 500,000 GBP 1,500,000.00 EUR 126.97 EUR 61,335.03 KRW 606,000,000 PLN 170,000 President INR 1,000,000 Chairman ARS 1,580,000 PEONY ( ) Martine Toulot * 2 JOSÉ MARIA ROMEU LOPERENA, ERNESTO ROMEU ARMENGOL Chairman General ManagerMartine Toulot Chairman JOSÉ MARIA ROMEU LOPERENA President EUR 500,000 EUR 600,000 258

2010 Annual Report EVERGREEN SHIPPING AGENCY (ITALY) S.P.A. * 2 Pier Luigi Maneschi, Antonio Maneschi ChairmanPier Luigi Maneschi President Internal Statutroy Board Mr. Massimo Quartarone (Chairman) Mr. Vinicio Ferracci (Auditor) Mr. Paolo Torracca (Auditor) Mr. Luca Paoletti (Alternate Auditor) Mr. Lorenzo Mamone (Alternate Auditor) EUR 2,000,000 EVERGREEN SHIPPING AGENCY (AUSTRALIA) PTY LTD. * 1 Murray david Read Chairman President AUD 1,000 EVERGREEN SHIPPING AGENCY (RUSSIA) LIMITED * 2 Komarov Alexander Ivanovitch, Laitinen Jouni Olli-Pekka President RUB 6,000,000 EVERGREEN SHIPPING AGENCY (SINGAPORE) PTE LTD. * 2 Mr. Phoon Thin Choy, Mr. Patrick Ang Boon Yam SGD 1,500,000 EVERGREEN SHIPPING AGENCY (THAILAND) CO., LTD. * 2 Mr. Nivat Changariyavong, Mr. Krirkkla Sonthimas THB 40,000,000 EVERGREEN SHIPPING AGENCY (VIETNAM) CORP. * 2 Pham Van Thuan, Bui Tuan Ngoc President First Deputy President -- Le Vinh Truong USD 700,000 EVERGREEN AGENCY (SOUTH AFRICA) (PROPRIETARY) LIMITED * 2 CHEN, Chih-yi CHEN, Lee-chun ZAR 10,000,000 TWD 100,000 259

6 99 12 31 ( ) ( )( ) Peony Investment S.A. 13,905,700 46,693,194 11,263 46,681,932 11,804,748 11,739,221 11,774,790 2,471 100,000 346,904 174,517 172,387 681,972 16,406 11,871 1 Greencompass Marine S.A. 10,316,191 37,886,568 9,257,760 28,628,808 54,472,561 7,003,781 7,268,167 2,056 Armand Investment (Netherlands) N.V. 175 388,214 134 388,081 (18,719) (19,067) (19,067) (3,178) Armand Estate (Netherlands) B.V. 793 387,443 567 386,876 (17,324) (18,725) (18,719) (415,984) Vigor Enterprise S.A. 14,592 15,621 231 15,389 0 (513) (476) (95) Clove Holding Ltd. 292 5,921,777 2,400,078 3,521,698 300,020 201,733 176,618 17,662 Ample Holding Ltd. 292 2,035,525 946,885 1,088,640 132,531 125,983 125,983 12,598 Evergreen Heavy Industrial Corp.(Malaysia) Berhad 472,065 2,206,031 575,429 1,630,601 1,691,074 125,422 111,422 2 198,768 192,394 26,828 165,566 621 (21,595) (23,988) Evergreen Marine (UK) Limited 67,605 25,719,882 19,298,496 6,421,386 35,079,812 5,050,507 4,770,579 3,180 PT. Multi Bina Pura International 700,392 557,594 25,669 531,926 100,500 67,842 72,091 1,008 PT. MULTI BINATRANSPORT 33,570 134,231 12,437 121,794 135,451 30,387 29,673 2,867 Island Equipment LLC 11,673 539,309 401,846 137,463 40,961 34,030 26,171 Hemlock Equipment LLC 5,837 1,137,137 1,039,236 97,901 363,112 35,097 21,077 260

2010 Annual Report ( ) ( )( ) Whitney Equipment LLC 5,837 1,529,144 1,492,200 36,944 195,740 7,904 5,957 Evergreen Shipping Agency (Deutschland) GmbH 2,382 804,334 547,411 256,922 410,886 10,433 7,629 Evergreen Shipping Agency (Ireland) Ltd. 5 15,727 10,244 5,483 27,052 701 600 5,999 Evergreen Shipping Agency (Korea) Corporation 15,671 398,266 341,541 56,725 115,635 23,867 18,036 149 Evergreen Shipping Agency (Netherlands) B.V. 912 414,418 273,149 141,268 402,149 11,713 14,856 316,096 Evergreen Shipping Agency (Poland) SP. ZO. O 1,665 169,911 152,460 17,450 26,661 2,909 331 195 Evergreen Shipping Agency (India) Private Limited 652 391,580 323,781 67,800 101,967 22,741 15,792 158 Evergreen Shipping Agency France S.A. 19,411 461,671 422,579 39,092 249,668 10,572 5,981 1,196 Evergreen Argentina S.A. 11,603 91,385 83,514 7,870 0 (6,248) 2,267 14 Evergreen Shipping (Spain) S.L. 23,294 754,072 411,014 343,059 664,526 255,131 181,763 30,294 Evergreen Shipping Agency (Italy) S.p.A. 77,645 302,700 188,219 114,481 330,740 4,466 (4,239) (4,239) Evergreen Shipping Agency (Australia) Pty Ltd. 30 119,950 99,133 20,817 112,188 3,438 14,508 14,508 261

( ) ( )( ) Evergreen Shipping Agency (Russia) Limited 5,733 87,134 35,399 51,736 97,152 59,477 49,867 Evergreen Shipping Agency (Singapore) Pte Ltd. 33,963 438,201 171,750 266,451 145,606 3,253 1,722 1 Evergreen Shipping Agency (Thailand) Co., Ltd. 38,717 332,351 184,744 147,606 236,630 91,040 64,154 80 Evergreen Shipping Agency (Vietnam) Corp. 20,428 197,340 127,024 70,317 124,665 75,337 59,780 PT. Evergreen Shipping Agency Indonesia 29,191 384,375 284,636 99,739 210,949 62,786 58,333 64,814 Evergreen Agency (South Africa) (Pty) Ltd. 44,030 228,152 85,870 142,281 307,559 98,552 72,055 7 1 2 USD NTD=1 29.183 IDR NTD=1 0.00324346 RMB NTD=1 4.42099682 MYR NTD=1 9.46424518 GBP NTD=1 45.0702703 EUR NTD=1 38.8226686 KRW NTD=1 0.02585999 INR NTD=1 0.65155169 1 31.477 1 0.003466372 1 4.651269321 1 9.786407163 1 48.59811641 1 41.65277226 1 0.027215527 1 0.692229707 ARS NTD=1 7.34348264 AUD NTD=1 29.6725979 RUB NTD=1 0.95557273 SGD NTD=1 22.6417876 THB NTD=1 0.96792703 VND NTD=1 0.00149676 ZAR NTD=1 4.40298733 PLN NTD=1 9.79229582 1 8.047090705 1 28.88858297 1 1.035856967 1 23.10747321 1 0.993281771 1 0.001644031 1 4.303252355 1 10.42319282 262

2010 Annual Report ( ) 99 1 1 99 12 31 1 0 0 3 2 2 263

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