SEARAINBOW HOLDING CORP.

1-1 1-3 3-5 5-7 7-8 8-9 9-23 1 9-17 2 17-17 3 17-17 4 18-23 5 23-23 23-24 24-25 25-72 1 25-25 2 25-37 3 37-72 72-72

1 SEARAINBOW HOLDING CORP. 2 3 0898-68510496 0898-68510669 4 570105 http://www.searainbow.com haihong citas.com 5 http://www.cninfo.com.cn 6 000503 7 1991 9 14 4600001002974 460100201280854 1

1 126,568,633.53 93,877,944.37 74,645,825.83 197,526,240.52 9,778,848.16 83,711,840.41 18,149,278.95 5,347,895.84-227,812.75 50,006,754.71-19,870,511.67 19,232,118.54 1 10,09,248.18 2 9,139,870.36 2 2002 2001 2000 342,121,188.73 339,651,353.37 385,422,700.78 93,877,944.37 92,656,062.33 73,509,000.23 1,026,024,020.97 936,814,567.80 837,850,378.53 532,133,587.57 438,225,631.25 345,787,132.75 ( / ) 0.2743 0.2707 0.2148 0.2181 0.2115 0.1848 ( / ) 1.5546 1.2803 1.0102 ( / ) 1.5466 1.2466 0.9522 / 0.1461 0.0031 0.5125 % 17.64 21.14 21.25 2

37.12 40.71 0.5771 0.5771 15.73 17.25 0.2446 0.2446 17.64 19.35 0.2743 0.2743 14.03 15.39 0.2181 0.2181 3 342,287,194 45,110,256.67 18,256,170.06 4,593,962.21 32,690,689.16-118,678.64 438,225,631.25 14,081,691.66 4,593,962.21 79,796,252.71 30,011.95 93,907,916.32 342,287,194 45,110,256.67 32,337,861.72 9,287,859.43 112,486,941.87-88,666.69 532,133,587.57 1 + - 1 149,432,611 149,432,611 2 74,195,410 3 0 4 223 628 021 149,432,611 149,432,611 74,195,410 0 223 628 021 3

1 118 659 173 2 3 4 118 659 173 118 659 173 118 659 173 342,287,194 342,287,194 1 20395 2 % 1 102,617,700 29.98 0 2 15,492,440 4.53 0 3 15,200,000 4.44 0 4 10,354,020 3.02 +10,354,020 5 8,415,923 2.46 0 6 7,990,000 2.33 0 7 6,260,000 1.83 0 8 6,188,000 1.81 0 9 4,371,253 1.28 +311,995 10 4,000,000 1.17 : 102,615,050 15,492,440 15,200,000 3,989,258 3 4

1995 1 1993 3063 1 56 2001.7.9-2004.7.8 47 2001.7.9-2004.7.8 46 2001.7.9-2004.7.8 46 2001.7.9-2004.7.8 47 2001.7.9-2004.7.8 49 2001.7.9-2004.7.8 33 2001.7.9-2004.7.8 54 2001.12.30-2004.7.8 40 2002.9.13-2004.7.8 35 2001.7.9-2004.7.8 5

39 2001.7.9-2004.7.8 50 2001.7.9-2004.7.8 38 2001.7.9-2004.7.8 29 2001.7.9-2004.7.8 31 2001.7.9-2004.7.8 2000 4 1 2003 3 31 2000 4 1 2003 3 31 2000 4 1 2003 3 31 2 2002 9 13 8 12 : 3.6 4.8 36 30 24 18 166.80 106.8 3.6-4.8 11 18-39.6 4 3 6

2002 9 2002 9 13 5 6 16 11 9 7 27 179 101 17 28 58 143 140 100 383 112 139 70 92 476 404 392 93 889 622 42 14 37 46 74 43 73 719 835 918 282 107 173 580 74 601 614 919 2134 2001 9 3 2002 4 4 2001 2002 2001 92,656,062.33 30 120,452,881 7

2002 2002 93,877,944.37 2001 2002 5 10 12 183,870,252 53.72% 2001 2001 2001 2001 2001 2001 A 2001 A 2003 5 11 2002 2002 5 11 2002 2002 9 13 11 192,246,748 56.17% 8

2002 2002 2002 2002 9 14 93,877,944.37 9

34212.12 0.73% 251.78% 9123.13 59.09% 10946.00 13438.43 33.71% 8371.18 16.05% 260.21% 118.79% 81.37% 29 2002 ( ) 91,231,321.18 26,393,106.39 109,460,049.58 69,089,265.84 134,384,306.88 10,595,280.74 2002 10% 10

2002 1 27 29 150 4200 / 122.44 177.33% 2002 38.9 580 2 2002 3 2002 2001 2.0 2.0 2.0 11

12 2002 3.0 1997 www.cis.com.cn www.ourgame.com 30 www.asiagame.com www.xajh.com 1

96291 96163 96860 95795 96336 2 OEM BANNER BUTTON 13 29 BGN 7200 32 3 2002 1500 16 2002 11 650 4 3 13

100 1 1 1 10596.7354 100D 97.75% 85.46%, 4.26% 2 86 DTY 9 14

3 ISO9000 2003 8 1 1 18,887 200,527,746.40 343,451.30 2 500 42,461,125.49 10,460,914.09 3 1000 106,090,358.73 30,011.94 4 15

95,274,862.96 30,329,675.00 250 5 10000 153,480,987.6 41,894,791.64 6 100 15,396,851.25 9,176,245.36 7 500 10,044,282.28 1,752,621.97 8 100 18,970,302.72 4,511,930.02 9 100 11,051,640.30 7,070,351.82 2 900 16

42123 3 7,825.72 48.89% 5,627.89 16.45% 374,395.49, 1 2002 2001 1,026,024,020.97 936,814,567.80 89,209,453.17 532,133,587.57 438,225,631.25 93,907,956.32 197,526,240.52 168,778,210.45 28,748,030.07 93,877,944.37 92,656,062.33 1,221,882.04 2 1 10 2 3 17

( ) 1 (1) OO 7 9 9 1000 (2) OO 2002 4 4 9 9 5 2001 2001 2001 2001 A 2002 2002 2001 3 OO 2002 4 26 9 9 5 18

2002 4 OO 2002 6 26 9 9 5 5 OO 2002 8 8 9 9 5 3000 3071 3000 6 OO 2002 8 12 9 9 5 2002 2002 19

7 OO 2002 9 6 9 9 5 1000 8 OO 2002 9 23 9 9 5 10 OO 2002 10 30 9 9 20

5 2002 11 OO 2002 12 2 9 9 5 18000 2.5 20 18.75 18.75 12 OO 2002 12 6 9 9 5 11600, 2 1 2000 2001 7 20 5,438,794.80 83 81.07 2 2001 5 11 4000 A A 2002 5 10 21

2003 5 11 (3) 2001 11 28 48.75 2002 2002 93,877,944.37 2002 2002 2002 1 2001 2002 4 4 5 5 2001 2001 2001 2002 4 6 2 2002 2002 8 12 5 5 22

2002 2002 2002 8 14 3 2002 4 2002 2002 2002 2002 12 2 60 1.8 2.5 20 18.75 18.75 5 2001 5 11 11 23

444,374.00 1 2002 9 13 9 14 2 2002 5 10 4,000 A 2003 5 11 5 11 [2003]6 016 2002 12 31 2002 2002 2002 12 31 2002 2002 24

: ( ) : 2002 12 31 2001 12 31 2002 12 31 2001 12 31 5.1 68,306,075.97 88,176,587.64 22,248,154.90 18,800,460.40 5.2 500,000.00 500,000.00 5.3 2,847,700.00 1,181,700.00 5.4 10,618,759.75 25,817,777.91 5,101,751.96 2,715,763.12 5.5 119,700,437.28 83,677,033.06 172,098,670.99 137,359,685.74 5.6 176,776,384.49 113,816,966.33 127,797,834.27 33,884,470.78 5.7 44,251,742.42 63,013,765.83 610,151.95 1,234,643.55 5.8 616,484.05 816,841.69 18,190.10 19,152.29 420,769,883.96 378,166,672.46 328,374,754.17 195,195,875.88 5.9 282,543,121.36 282,168,725.87 763,214,025.33 657,534,804.73 282,543,121.36 282,168,725.87 763,214,025.33 657,534,804.73 5.9 293,721.83 330,437.06 5.10.1 547,251,156.43 536,855,231.08 20,158,277.19 19,821,181.42 5.10.2 255,520,748.59 237,692,091.22 5,859,212.05 5,374,348.97 5.10.3 291,730,407.84 299,163,139.86 14,299,065.14 14,446,832.45 5.10.4 101,009,307.14 101,009,307.14 8,352,059.54 8,352,059.54 190,721,100.70 198,153,832.72 5,947,005.60 6,094,772.91 5.11 45,274,847.58 42,238,567.23 38,153,708.50 38,153,708.50 235,995,948.28 240,392,399.95 44,100,714.10 44,248,481.41 5.12 81,012,795.05 26,872,550.45 1,000,000.00 5.13 5,702,272.32 9,214,219.07 86,715,067.37 36,086,769.52 1,000,000.00 1,026,024,020.97 936,814,567.80 1,136,689,493.60 896,979,162.02 25

: ( ) : 2002 12 31 2001 12 31 2002 12 31 2001 12 31 5.14 172,552,515.00 176,552,130.00 162,552,515.00 169,552,130.00 5.15 10,839,556.50 6,476,310.83 2,128,948.29 789,225.62 5.16 8,167,644.57 14,386,664.95 1,225.40 1,461,115.40 5.17 479,617.47 354,531.57 3,233,531.25 1,349,794.10-1,952,786.36-1,978,652.52 5.18 1,470,045.82 1,779,279.02 1,470,045.82 1,779,279.02 5.19 20,911,530.63 23,909,460.13-1,008,987.33-1,055,691.16 5.20 1,172,241.19 1,069,261.30 397.86 221.25 5.21 15,101,732.40 31,800,961.64 220,287,566.74 74,604,715.61 5.22 33,466,336.76 24,814,026.52 30,610,413.92 23,120,708.91 267,394,751.59 282,492,420.06 414,089,339.34 268,273,052.13 5.23 190,377,900.00 190,361,800.00 190,377,900.00 190,361,800.00 5.24 33,834.00 69,430.00 190,411,734.00 190,431,230.00 190,377,900.00 190,361,800.00 457,806,485.59 472,923,650.06 604,467,239.34 458,634,852.13 36,083,947.81 25,665,286.49 5.25 342,287,194.00 342,287,194.00 342,287,194.00 342,287,194.00 : 342,287,194.00 342,287,194.00 342,287,194.00 342,287,194.00 5.26 45,110,256.67 45,110,256.67 45,110,256.67 45,110,256.67 5.27 32,337,861.72 18,256,170.06 32,337,861.72 18,256,170.06 5.27 9,287,859.43 4,593,962.21 9,287,859.43 4,593,962.21 5.28 112,486,941.87 32,690,689.16 112,486,941.87 32,690,689.16-88,666.69-118,678.64 532,133,587.57 438,225,631.25 532,222,254.26 438,344,309.89 1,026,024,020.97 936,814,567.80 1,136,689,493.60 896,979,162.02 26

2002 2001 2002 2001 5.29 342,121,188.73 339,651,353.37 7,045,508.09 6,179,844.72 5.29 133,405,301.26 165,011,973.34 6,134,164.71 5,644,281.89 5.30 11,189,646.95 5,861,169.58 22,525.53 3,492.25 197,526,240.52 168,778,210.45 888,817.85 532,070.58 5.31 9,778,848.16 2,116,253.39 1,798.64 143,486.39 53,293,850.64 41,273,032.74 230,702.72 438,553.19 49,942,277.48 31,720,893.58 6,186,395.22 6,455,262.41 5.32 20,357,120.15 25,766,912.58 16,839,331.11 17,424,615.84 83,711,840.41 72,133,624.94-22,365,812.56-23,642,874.47 5.33 18,149,278.95 31,465,373.21 115,854,104.06 117,034,587.42 5.34 5,347,895.84 6,964,400.50 473,315.21 298,766.14 5.35 106,892.55 1,216,627.34 150.00 12,729.34 5.36 334,705.30 208,763.50 1,600.00 50,660.01 106,981,202.45 111,571,262.49 93,960,156.71 93,652,548.42 3,874,125.74 11,443,477.26 82,212.34 1,163,898.09 9,317,799.03 7,491,516.36 88,666.69 19,793.46 93,877,944.37 92,656,062.33 93,877,944.37 92,488,650.33 32,690,689.16-55,780,349.83 32,690,689.16-55,612,937.83 126,568,633.53 36,875,712.50 126,568,633.53 36,875,712.50 9,387,794.44 2,790,015.56 9,387,794.44 2,790,015.56 4,693,897.22 1,395,007.78 4,693,897.22 1,395,007.78 112,486,941.87 32,690,689.16 112,486,941.87 32,690,689.16 5.28 112,486,941.87 32,690,689.16 112,486,941.87 32,690,689.16 27

1 2 3 4-101,971,686.99 5 6 28

364,824,152.03 5,473,378.60 3,946,392.56 2,886.95 24,211,296.31 498,231,282.26 392,981,840.90 503,707,547.81 160,068,408.88 4,271,250.02 38,720,272.71 2,057,837.39 32,588,205.57 266,436.45 5.37 111,598,199.03 445,884,898.51 342,975,086.19 452,480,422.37 50,006,754.71 51,227,125.44 24,000,000.00 16,000,000.00 11,847,700.00 11,847,700.00 35,847,700.00 27,847,700.00 37,439,261.82 113,338.07 41,900,000.00 43,550,000.00 79,339,261.82 43,663,338.07-43,491,561.82-15,815,638.07 3,100,000.00 40,000,000.00 30,000,000.00 43,100,000.00 30,000,000.00 44,163,872.50 37,000,000.00 25,321,780.37 24,963,792.87 69,485,652.87 61,963,792.87-26,385,652.87-31,963,792.87-51.69-19,870,511.67 3,447,694.50 29

1 93,877,944.37 93,877,944.37 9,317,799.03 2,826,921.70 1,020,882.06 5.9.2 17,828,657.37 451,439.67 5.11 2,187,755.40 5,209,675.68-1,921,058.47 50,962.19 8,652,310.24 7,489,705.01 7,872.00 20,386,114.09 16,833,579.92-18,149,278.95-115,854,104.06 18,762,023.41 624,491.60-86,056,874.40-125,023,786.35-19,750,363.71 138,360,832.99-3,172,743.05 33,395,178.04 50,006,754.71 51,227,125.44 2 3 68,306,075.97 22,248,154.90 88,176,587.64 18,800,460.40-19,870,511.67 3,447,694.50 30

1 2002 6,683,085.55 2,871,213.27 598,143.09 8,956,155.73 1,542,277.90 598,143.09 944,134.81 5,140,807.65 2,871,213.27 8,012,020.92 56,670.00 56,670.00 56,670.00 56,670.00 101,009,297.14 101,009,297.14 6,701,806.11 6,701,806.11 94,307,491.03 94,307,491.03 4,833,306.00 4,833,306.00 31

2 2002 : 342,287,194.00 342,287,194.00 342,287,194.00 342,287,194.00 45,110,256.67 45,110,256.67 45,110,256.67 45,110,256.67 13,662,207.85 10,872,192.29 9,387,794.44 2,790,015.56 9,387,794.44 2,790,015.56 9,387,794.44 2,790,015.56 23,050,002.29 13,662,207.85 18,575,718.86 9,187,924.42 4,474,283.43 4,474,283.43 4,593,962.21 3,198,954.43 4,693,897.22 1,395,007.78 4,693,897.22 1,395,007.78 32

9,287,859.43 4,593,962.21 32,690,689.16-55,780,349.83 93,877,944.37 92,656,062.33 14,081,691.66 4,185,023.34 112,486,941.87 32,690,689.16 33

3 2002 12 31 : 1 1 2-22,337.39 2 3 72,734,657.89 4 5 6,824.29 6 7 8 72,741,482.18 3 9 60,087,844.95 10 163,978.11 11 1,424,340.78 12 13 11,079,290.33 14 15 72,755,454.17 4-16 -36,309.38 17 1 18 20,019,920.78 2-19 11,243,268.44 3 20 19,103,061.40 4-21 12,160,127.82 34

2002 : 134,384,306.88 238,731,504.63 109,460,049.58 68,805,453.82 91,231,324.18 25,934,550.20 7,045,508.09 6,179,844.72 342,121,188.73 339,651,353.37 134,384,306.88 238,731,504.63 109,460,049.58 68,805,453.82 91,231,324.18 25,934,550.20 - - 7,045,508.09 6,179,844.72 342,121,188.73 339,651,353.37 - - 117,864,498.28 159,013,664.79 44,434.80 354,026.66 9,362,203.47-6,134,164.71 5,644,281.89 133,405,301.26 165,011,973.34 117,864,498.28 159,013,664.79 44,434.80 354,026.66 9,362,203.47 - - - 6,134,164.71 5,644,281.89 133,405,301.26 165,011,973.34 - - 14,890,819.25 23,155,529.36 35,442,020.40 34,101,204.11 50,003,979.57 17,185,673.99 23,256,429.05 24,318,431.44 123,593,248.27 98,760,838.90 10,595,280.74 56,871,137.38 69,089,265.84 31,578,203.18 26,393,106.39 7,327,158.85 - -22,365,812.56-23,642,874.47 83,711,840.41 72,133,624.94 469,642,340.43 491,302,393.71 248,755,443.99 151,463,659.09 79,954,940.44 74,872,274.11 909,018,197.49 677,802,921.13 1,136,689,493.60 896,979,162.02 1,026,024,020.97 936,814,567.80 118,986,652.97 218,924,147.13 36,468,788.88 11,061,324.22 69,757,431.67 43,753,686.49 371,873,627.27 259,450,359.91 604,467,239.34 458,634,852.13 457,806,485.59 472,923,650.06 : : : 35

2002 : 128,584,478.34 218,549,983.21 138,168,250.98 89,254,004.92 66,686,392.52 50,387,400.38 73,330,261.07 20,709,676.20 64,648,194.18 39,249,711.34 342,121,188.73 339,651,353.37 63,936,284.16 179,300,271.87 138,168,250.98 89,254,004.92 66,686,392.52 50,387,400.38 73,330,261.07 20,709,676.20 342,121,188.73 339,651,353.37 64,648,194.18 39,249,711.34 64,648,194.18 39,249,711.34 - - 122,609,880.93 164,657,946.68 66,055,664.24 39,295,461.34 1,667,373.93 308,276.66 7,720,576.34 64,648,194.18 39,249,711.34 133,405,301.26 165,011,973.34 122,609,880.93 164,657,946.68 1,407,470.06 45,750.00 1,667,373.93 308,276.66 7,720,576.34-133,405,301.26 165,011,973.34 64,648,194.18 39,249,711.34 64,648,194.18 39,249,711.34 - - 38,004,242.19 46,806,134.28 17,157,902.82 21,580,053.73 25,159,278.33 16,428,830.94 43,271,824.93 13,945,819.95 123,593,248.27 98,760,838.90-22,618,913.58 8,018,823.64 51,328,998.80 26,517,633.43 37,150,560.49 31,967,660.90 17,851,194.70 5,629,506.97 83,711,840.41 72,133,624.94 1,507,065,519.35 1,334,855,689.11 195,941,706.52 167,589,678.82 110,671,714.21 51,152,233.01 121,363,278.38 61,019,887.99 909,018,197.49 677,802,921.13 1,026,024,020.97 936,814,567.80 721,335,064.79 654,014,516.52 6,472,143.58 23,544,482.74 36,272,760.50 22,850,392.13 65,600,143.99 31,964,618.58 371,873,627.27 259,450,359.91 457,806,485.59 472,923,650.06 : : : 36

1 ( ) 1986 4 1991 9 1991 86 1992 11 30 000503, 100,000,000.00 1994 10 1997 6 2001 12 342,287,194.00 4600001002974 342,287,194.00,, 2 2.1 2.2 1 1 12 31 2.3 37

2.4 2.5 1 2.6 2.7 2.7.1 1 2 5% 8% 15% 30% 2.7.2 2.7.3 2.8 2.8.1 2.8.2 38

2.8.3 2.9 2.10 2.10.1 2.10.2 20% 20% 20% 20% 20% 20% 50% 50% 10 10 2.10.3 2.11 39

2.11.1 2000 5% 15 50 1.9% 6.33% 4 25 3.8% 23.75% 5 19% 15 28 3.39% 6.33% 4 10 9.5% 23.75% 2.11.2 1 2 3 4 5 2.12 2.12.1 2.12.2 : 1 3 2 3 2.13 40

2.13.1 2.13.2, : 1 2, 3 4 2.14 2.15 2.15.1 2.15.2 2.15.3 1 2 a. b. c. 41

2.16 2.17 2.18 1995 11 2.19 3 17% 5% 7% 3% 15% 33% 15% 15% 33% 4 42

4.1 188,870,000.00 188,370,000.00 99.74% - 10,000,000.00 10,000,000.00 100% 95% 5% 100,000,000.00 93,748,828.31 93% - 2,500,000.00 2,000,000.00 79% - 15,000,000.00 15,000,000.00 100% 99% 1% 15,000,000.00 15,000,000.00 100% 9 9% 500,000.00 1% 350,000.00 70% - 1,000,000.00 1,000,000.00 100% 80% 20% 5,000,000.00 2,750,000.00 55% - 5,000,000.00 3,000,000.00 60% - 1,000,000.00 600,000.00 60% - 2,000,000.00 2,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 90% 10% 1,000,000.00 1,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 80% 20% 10,000,000.00 10,000,000.00 100% 95% 43

1,000,000.00 800,000.00 80% - 5% 1,000,000.00 1,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 80% 20% 5,000,000.00 5,000,000.00 100% 90% 10% 1,000,000.00 1,000,000.00 100% 80% 20% 1,000,000.00 1,000,000.00 100% 80% 20% 100.00 99% - 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 100% 80% 20% 1,000,000.00 100% 80% 20% 1,000,000.00 100% 80% 20% 250,000.00 100% 80% 20% 1,000,000.00 100% 100% 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 700,000.00 70% 70% 700,000.00 70% - 700,000.00 70% - 700,000.00 70% - 700,000.00 70% - 4.2 44

10 5 5.1 2002.12.31 2001.12.31 1,243,484.63 622,001.29 66,926,271.01 87,398,998.49 33.65 1:8.2773 278.53 114,320.78 1:1.0611 121,305.78 136,320.33 155,587.86 68,306,075.97 88,176,587.64 5.2 2002.12.31 2001.12.31 500,000.00 - - - 500,000.00 - - - 5.2.1 500,000.00 2003 1 21, 3,321.09 5.3 5.4 2002.12.31 2001.12.31-2,847,700.00 45

5.4.1 2002.12.31 2001.12.31 (%) (%) 1 4,343,938.00 37.57 217,196.90 26,531,597.69 96.97 1,326,579.87 1-2 6,539,768.45 56.56 523,181.48 149,270.01 0.55 11,941.60 2-3 3 679,188.11 5.87 203,756.43 679,188.11 2.48 203,756.43 11,562,894.56 100 944,134.81 27,360,055.81 100 1,542,277.90 5.4.2 9,201,668.01 79.58% 1 5% 5% 2 3 15,797,161.25 5.5 5.5.1 2002.12.31 2001.12.31 (%) (%) 1 94,017,225.38 73.62 4,700,861.27 73,076,356.81 82.28 2,964,363.45 1 2 30,002,588.75 23.49 2,400,207.10 4,328,635.62 4.87 230,852.94 2 3 1,312,271.20 1.03 196,840.68 9,855,088.16 11.10 1,509,521.30 3 2,380,372.87 1.86 714,111.87 1,557,760.12 1.75 436,069.96 127,712,458.20 100 8,012,020.92 88,817,840.71 100 5,140,807.65 5.5.2 16,000,000.00 1 14,060,000.00 1 10,000,000.00 1 9,620,000.00 1 6,431,999.94 1 56,111,999.94 43.94% 1 5% 5% 46

2 5.6 5.6.1 1 2002.12.31 2001.12.31 (%) (%) 1 164,460,145.57 93.03 107,836,826.31 94.75 1-2 8,812,998.92 4.99 2,592,214.26 2.28 2-3 3,501,500.00 1.98 8,160.00 3 1,740.00 3,379,765.76 2.97 176,776,384.49 100 113,816,966.33 100 5% 5% 2 12,316,238.92, 2,390,592.44, 3 60%, 2002 12 23 118,000,000.00 5.7 5.7.1 2002.12.31 2001.12.31 11,211,512.16-3,517,886.77-25,700,000.00 - - - 348,819.76-602,564.31-1,603,625.39-1,390,623.99-2,269,857.21 56,670.00 1,429,774.66 56,670.00 505,543.08-204,087.44-2,669,054.82-2,727,945.12 - - - 53,178,865.54-163 - - 18,688.00-44.308,412.42 56,670.00 63,070,435.83 56,670.00 5.8 47

2002.12.31 2001.12.31 65,860.27 47,195.83 247,946.13 249,635.86 53,812.19 53,812.19 84,949.06 353,298.96 163,916.40 112,898.85 616,484.05 816,841.69 5.9 2002.12.31 2001.12.31 282,249,399.53-281,838,288.81-293,721.83-330,437.06-282,543,121.36-282,168,725.87-5.9.1 50,000-94,500.00-50,000 90,000.00 95,000 361,000.00 545,500.00 60,942,843.00 12.82% 63,534,525.00 63,534,525.00 20 39,000,000.00 48.75% 73,133,722.20 36,573,371.30 36,524,883.46 5,000,000.00 100% 5,000,000.00 5,000,000.00 720,000.00 7.2% 720,000.00 720,000.00 70,493,330.54 46% 72,231,206.17 73,358,921.79 1,127,715.62 48

5,100,000.00 19% 2,061,148.84 2,061,148.84 1,000,000.00 100% 1,000,000.00 350,000.00 70% 350,000.00 45,000,000.00 45,000,000.00 80,000,000.00 1,000,000.00 100% 1,000,000.00 1,000,000.00 100% 1,000,000.00 1,000,000.00 100% 1,000,000.00 1,000,000.00 100% 1,000,000.00 1,000,000.00 100% 1,000,000.00 2,000,000.00 100% 2,000,000.00 1,000,000.00 100% 1,000,000.00 600,000.00 60% 600,000.00 1,100,000.00 77% 1,100,000.00 3,000,000.00 100% 3,000,000.00 510,000.00 51% 510,000.00 510,000.00 8,000,000.00 49% 4,917,592.75 400,000.00 20% 400,000.00 249,216,173.54 269,458,194.96 273,857,966.93 2001.12.31. 10,461,243.47 10 8,892,056.96 1,046,124.36 7,845,932.60 3,097,407.25 10 2,942,536.89 2,942,536.89 - - 13,558,650.72 11,834,593.85 2,942,536.89 1,046,124.36 7,845,932.60 1 2 5.10 49

5.10.1 2001.12.31 2002.12.31 55,817,342.05 7,580.00 534,721.63 55,290,200.42 435,364,560.80 100,850.00 435,465,410.80 30,353,285.13 10,154,701.26 293,306.63 40,214,679.76 8,861,079.91 783,189.21 19,850.00 9,624,419.12 6,458,963.19 205,843.14 8,360.00 6,656,446.33 536,855,231.08 11,252,163.61 856,238.26 547,251,156.43 5.10.2 2001.12.31 2002.12.31 12,325,687.76 1,224,345.73 12,699.66 13,537,333.83 209,143,305.70 9,416,281.36 218,559,587.06 8,882,639.83 6,135,511.71 62,790.91 14,955,360.63 2,958,510.46 865,689.41 3,824,199.87 4,381,947.47 263,273.53 953.80 4,644,267.20 237,692,091.22 17,905,101.74 76,444.37 255,520,748.59 5.10.3 2001.12.31 2002.12.31 299,163,139.86 291,730,407.84 5.10.4 2001.12.31 2002.12.31 6,701,816.11 6,701,816.11 92,657,247.60 92,657,247.60 1,344,683.59 1,344,683.59 305,559.84 305,559.84 101,009,307.14 101,009,307.14 1 5.11 50

5.11.1 2001.12.31 2002.12.31 14,560,490.00 - - - 14,560,490.00 28,426,524.50 28,426,524.50 490,022.50 185.836.42 18,433.00 657,425.92 3,594,836.23 6,906,132.15 4,037,255.22 6,463,713.16 47,071,873.23 7,091,968.57 4,055,688.22 50,108,153.58 5.11.2 2002.12.31 2001.12.31 4,833,306.00 4,833,306.00 (1) 5.12 2001.12.31 2002.12.31 24,275,925.85 23,137,991.81 379,311.36 22,758,680.45 60 4,274,361.65 3,734,558.64 330,977.36 3,403,581.28 31,000,000.00 31,000,000.00 31,000,000.00 10 25,328,000.00 25,328,000.00 1,477,466.68 23,850,533.32 9 4 84,878,287.50 26,872,550.45 56,328,000.00 2,187,755.40 81,012,795.05 5.13 2001.12.31 2002.12.31 10,130,552.02 3,903,860.91 414,904.43 1,966,614.65 7,778,401.33 2,352,150.69 3 3,780,809.93 2,879,030.60 1,490,433.12 1,373,144.77 784,490.98 2,996,318.95 3 1,026,379.46 476,296.21 189,789.50 348,029.59 708,323.34 318,056.12 3 18,188,217.13 1,955,031.35 2,013,639.69 3,932,924.48 18,152,470.57 35,746.56 33,125,958.54 9,214,219.07 4,108,766.74 7,620,713.49 27,423,686.22 5,702,272.32 : 5.14 51

2002.12.31 2001.12.31 111,552,515.00 113,552,130.00 51,000,000.00 58,000,000.00 10,000,000.00 5,000,000.00 172,552,515.00 176,552,130.00 : USD550,000.00 1:8.2773 4,552,515.00 : 20,000,000.00 7.56% 87,000,000.00 7.56% 4,552,130.00 6.25%, 5.15 2002.12.31 2001.12.31 10,839,556.50 6,476,310.83 52 5% 5% 5.16 2002.12.31 2001.12.31 8,167,644.57 14,386,664.95 5% 5% 5.17 2002.12.31 2001.12.31 479,617.47 354,531.57 5.18 5.19 2002.12.31 2001.12.31 1,470,045.82 1,779,279.02

2002.12.31 2001.12.31 12,123,818.44 19,997,583.39 4,838,545.27 1,116,469.77 1,584,595.18 1,318,587.48 1,959,399.52 1,417,982.04 405,172.22 125,363.95 - -66,526.50 20,911,530.63 23,909,460.13 5.20 2002.12.31 2001.12.31 752,940.97 701,952.11 21,623.84 15,601.47 225,629.58 2,290.69 331.82 74,835.25 39,373.38 113,644.10 76,581.31 151,525.46 18,364.00 4,912.00 12,341.81 2,832.65 6,376.29 1,287.10 4,814.66 380.47 9,748.71-2,254.82-1,860.00-1,172,241.19 1,069,261.30 5.21 2002.12.31 2001.12.31 15,101,732.40 31,800,961.64 5% 5% 5.22 53

2002.12.31 2001.12.31 30,560,413.92 23,120,708.91 955,211.82 1,101,128.23 26,424.68 26,424.68 1,550,096.90 489,015.20-6,669.50 272,600.60 70,080.00 19,600.00-81,988.84-33,466,336.76 24,814,026.52 5.23 2002.12.31 2001.12.31 190,377,900.00 190,361,800.00 USD23,000,000.00 1 8.2773 190,377,900.00 5.24 36 100,099.40 2,725.22 33,834.00 100,099.40 2,725.22 33,834.00 5.25 + - 1 149,432,611.00 149,432,611.00 149,432,611.00 149,432,611.00 2. 74,195,410.00 74,195,410.00 3. 4. 54

: 223,628,021.00 223,628,021.00 1. 118,659,173.00 118,659,173.00 2. 3. 4. 118,659,173.00 118,659,173.00 342,287,194.00 342,287,194.00 5.26 2001.12.31 2002.12.31 19,353,689.63 19,353,689.63 25,756,567.04 25,756,567.04 45,110,256.67 45,110,256.67 5.27 2001.12.31 2002.12.31 9,187,924.42 9,387,794.44 18,575,718.86 4,593,962.21 4,693,897.22 9,287,859.43 4,474,283.43 4,474,283.43 18,256,170.06 14,081,691.66 32,337,861.72 5.28 93,877,944.37 32,690,689.16 126,568,633.53 9,387,794.44 4,693,897.22 112,486,941.87 112,486,941.87 5.29 5.29.1 55

2002 2001 2002 2001 134,384,306.88 238,731,504.63 117,864,498.28 159,013,664.79 109,460,049.58 68,805,453.82 44,434.80 354,026.66 91,231,324.18 25,934,550.20 9,362,203.47-7,045,508.09 6,179,844.72 6,134,164.71 5,644,281.89 342,121,188.73 339,651,353.37 133,405,301.26 165,011,973.34 5.29.2 2002 2001 2002 2001 128,584,478.34 218,549,983.21 122,609,880.93 164,657,946.68 138,168,250.98 89,254,004.92 66,055,664.24 39,295,461.34 66,686,392.52 50,387,400.38 1,667,373.93 308,276.66 73,330,261.07 20,709,676.20 7,720,576.34-406,769,382.91 378,901,064.71 198,053,495.44 204,261,684.68 64,648,194.18 39,249,711.34 64,648,194.18 39,249,711.34 342,121,188.73 339,651,353.37 133,405,301.26 165,011,973.34 5.29.3 56,299,010.16 16.45% 5.29.4 5.30 2002 2001 8,475,332.99 3,364,583.61 1,086,996.88 1,353,079.78 734,217.82 715,451.93 37,999.97 127,038.51 3,137.55 12,472.54 274,672.69 138,835.89 206,004.54 113,644.10-21,503.31 346,017.79 8,893.60 56

10,685.05 1,314.20 10,395.83 4,352.11 2,312.04-1,873.80-11,189,646.95 5,861,169.58 5.31 2002 2001 1,427,299.39 76,480.45 1,853,175.51 428.84 8,600,000.00 278,640.00 - - 201,295.80 94,626.58 401,075.06 137,568.34 10,228,595.19 449,747.03 2,254,250.57 137,997.18 5.32 2002 2001 20,386,114.09 25,969,727.79 153,900.58 210,351.85 16,536.69 288.38-35,325.00 108,369.95 42,573.26 20,357,120.15 25,766,912.58 5.33 2002 2001 10,092,248.18 13,448,941.45 9,139,870.36 19,246,180.00-1,082,839.59-1,229,748.24 18,149,278.95 31,465,373.21 5.33.1 57

9,000,000.00-35,467.44 1,127,715.62 10,092,248.18 5.33.2 9,000,000.00 139,870.36 9,139,870.36 5.34 5,347,895.84 5.35 2002 2001-1,181,927.57-14,519.23 105,165.98 7,335.70 1,726.57 12,844.84 106,892.55 1,216,627.34 5.36 2002 2001-163,789.69-6,000.00 324,862.26 26,814.89 9,843.04 12,158.92 334,705.30 208,763.50 5.37 111,598,199.03 58

: 6,583,006.97 8,045,897.40 4,827,538.44 804,589.74 286,300.00 6,144,139.83 3,364,648.04 1,609,179.48 877,734.26 4,096,093.22 1,515,745.96 6,729,296.00 5,558,983.66 51,895,691.92 6 6.1 6.1.1 2002.12.31 2001.12.31 (%) (%) 1 4,842,999.72 91.26 71,931.84 2,458,105.12 84.93 47,624.69 1-2 27,610.21 0.52 2,208.82 - - 2-3 - - - - 3 436,118.13 8.22 130,835.44 436,118.13 15.07 130,835.44 5,306,728.06 100 204,976.10 2,894,223.25 100 178,460.13 6.1.2 4,546,562.62 59

85.68% 1 5% 5% 2 6.2 6.2.1 2002.12.31 2001.12.31 (%) (%) 1 144,235,168.26 81.51 2,347,312.19 127,245,336.16 90.09 1,874,983.03 1-2 28,037,296.03 15.84 1,648,231.36 2,700,960.18 1.91 100,639.07 2-3 2,430,377.98 1.37 188,698.26 9,850,488.16 6.97 1,477,573.22 3 2,257,243.62 1.28 677,173.09 1,451,566.52 1.03 435,469.96 176,960,085.89 100 4,861,414.90 141,248,351.02 100 3,888,665.28 6.2.2 16,000,000.00 1 10,000,000.00 1 8,762,046.16 1 8,100,000.00 1 7,621,511.44 1 1 28.52% 5%( 5%) 2 50,483,557.60 3 6.3 2002.12.31 2001.12.31 763,214,025.33-657,534,804.73 - :762,825,803.50-657,109,867.67-94,500.00-94,500.00-293,721.83-330,437.06-6.3.1 60

50000-94,500.00-94,500.00 6.3.2 20 39,000,000.00 48.75% 73,133,722.20-35,467.44-2,426,628.70 36,573,371.30 53,592,843.00 11.42% 53,592,843.00 53,592,843.00 5,000,000.00 100% 5,000,000.00 5,000,000.00 720,000.00 7.2% 720,000.00 720,000.00 60,325,000.00 22% 61,533,932.64 539,342.25 1,748,274.89 62,073,274.89 ( ) 2,061,148.84 19% 2,061,148.84 2,061,148.84 350,000.00 70% 350,000.00 38,487.09 38,487.09 388,487.09 800,000.00 80% 800,000.00-800,000.00-800,000.00 0 510,000.00 51% 510,000.00 510,000.00 45,000,000.00 45,000,000.00 80,000,000.00 188,370,000.00 99.74% 147,884,796.40 342,558.33-40,142,645.27 148,227,354.73 9,500,000.00 100% 52,006,517.27 30,011.94 42,536,529.21 52,036,529.21 93,742,828.31 93% 95,481,721.76 38,962,156.23 40,701,049.68 134,443,877.99 1,930,305.48 79% 25,935,474.96 23,960,443.25 47,965,612.73 49,895,918.21 14,850,000.00 100% 16,769,540.01 7,317,393.57 9,236,933.58 24,086,933.58 14,850,000.00 100% 14,834,085.37 3,133,278.79 3,117,364.16 17,967,364.16 800,000.00 80% 1,650,654.57 7,340,996.29 8,191,650.86 8,991,650.86 2,750,000.00 55% 4,356,269.59 963,942.08 2,570,211.67 5,320,211.67 3,000,000.00 60% 2,994,920.96-166,539.04-171,618.08 2,828,381.92 600,000.00 60% 577,009.97-471,318.20-494,308.23 105,691.77 1,600,000.00 80% 1,603,937.31 5,656,281.46 6,460,218.77 8,060,218.77 900,000.00 90% 941,720.54-723,782.38-682,061.84 217,938.16 800,000.00 80% 800,000.00-405,237.12-405,237.12 394,762.88 800,000.00 80% 1,017,348.82-502,614.75-285,265.93 514,734.07 800,000.00 80% 800,000.00-285,804.83-285,804.83 514,195.17 800,000.00 80% 801,253.62 64,868.49 66,122.11 866,122.11 800,000.00 80% 526,913.47 3,609,544.02 3,336,457.49 4,136,457.49 800,000.00 80% 1,014,768.75-984,827.93-770,059.18 29,940.82 9,500,000.00 95% 9,485,961.81 17,254.45 3,216.26 9,503,216.26 800,000.00 80% 800,000.00-800,000.00-800,000.00 0 800,000.00 80% 800,000.00 905,632.85 905,632.85 1,705,632.85 61

800,000.00 80% 800,000.00-137,779.77-137,779.77 662,220.23 800,000.00 80% 800,000.00 807,315.38 807,315.38 1,607,315.38 800,000.00 80% 743,941.93-171,030.73-227,088.80 572,911.20 4,500,000.00 90% 29,381,383.88 10,460,914.09 35,342,297.97 39,842,297.97 800,000.00 80% 800,000.00-285,804.28-285,804.28 514,195.72 800,000.00 80% 800,000.00 800,000.00 800,000.00 80% -64,754.09-64,754.09 735,245.91 800,000.00 80% 800,000.00 800,000.00 80% 800,000.00 800,000.00 80% 800,000.00 1,600,000.00 80% 1,600,000.00 800,000.00 80% 800,000.00 600,000.00 60% 600,000.00 700,000.00 70% 6,580.02 6,580.02 706,580.02 700,000.00 70% -140,648.15-140,648.15 559,351.85 700,000.00 70% -164,729.54-164,729.54 535,270.46 250,000.00 70% -125,843.04-125,843.04 124,156.96 572,402,125.63 657,109,867.67 97,890,819.29 154,623,677.87 762,825,803.50 6.3.3 361,152.29 10 330,437.06 36,715.23 293,721.83 361,152.29 10 330,437.06 36,715.23 293,721.83 6.4 2002 2001 2002 2001 3,059,701.80 3,556,627.98 2,802,819.50 3,268,713.72 3,671,870.29 2,623,216.74 3,331,345.21 2,375,568.17 300,000.00 - - - 13,936.00 - - - 7,045,508.09 6,179,844.72 6,134,164.71 5,644,281.89 6.5 62

2002 2001 97,386,944.48 86,531,229.43 9,503,874.81 11,228,424.45-36,715.23 28,753.54 9,000,000.00 19,246,180.00 115,854,104.06 117,034,587.42 6.5.1 342,558.33 10,460,914.09 23,960,443.25 30,011.94 963,942.08 7,317,393.57 38,962,156.23 7,340,996.29-166,539.04-471,318.20 3,133,278.79-984,827.93 3,609,544.02-502,614.75-171,030.73 5,656,281.46-723,782.38 64,868.49 17,254.45 63

-137,779.77 905,632.85 807,315.38-64,754.09-285,804.28-285,804.83-405,237.12-800,000.00-800,000.00 6,580.02 38,487.09-140,648.15-164,729.54-125,843.04 97,386,944.48 6.5.2 9,000,000.00 539,342.25-35,467.44 9,503,874.81 6.5.3 9,000,000.00 9,000,000.00 7 7.1 64

7.1.1 E 1604 198 18 6 709 200 14, 5 1 302 11, 28,, A403 830, 10, 5 296-298, 26 01-06 150, 65

7 102 708 109 17 273 3 88 83-5-1 70 17 322 20 A2 221 18 C 15 358 10A 18 2 8 506 22 1 5 A 303 188 66

11E 18 14-1-8 102 7.1.2 100,000,000.00 100,000,000.00 188,870,000.00 188,870,000.00 10,000,000.00 10,000,000.00 5,000,000.00 5,000,000.00 1,000,000.00 1,000,000.00-100,000,000.00 100,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 15,000,000.00 15,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 2,500,000.00 2,500,000.00 15,000,000.00 15,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 67

1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 5,000,000.00 5,000,000.00 10,000,000.00 10,000,000.00 100.00( ) 100.00( ) 800,000.00 800,000.00 1,600,000.00 1,600,000.00 800,000.00 800,000.00 600,000.00 600,000.00 700,000.00 700,000.00 700,000.00 700,000.00 700,000.00 700,000.00 800,000.00 800,000.00 800,000.00 800,000.00 250,000.00 250,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 3,000,000.00 3,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 500,000.00 500,000.00 400,000.00 400,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 7.1.3 102,617,700.00 29.98% 102,617,700.00 29.98% 147,884,796.40 99.74% 148,227,354.73 99.74% 52,506,517.27 100% 52,536,529.21 100% 5,000,000.00 100% 5,000,000.00 100% 68

95,481,721.76 93% 134,443,877.90 93% 2,063,318.21 100% 11,239,563.57 100% 4,356,269.59 55% 5,320,211.67 55% 2,994,920.96 60% 2,828,381.92 60% 577,009.97 60% 105,691.77 60% 16,769,540.01 100% 24,236,933.58 100% 2,004,921.64 100% 10,075,273.46 100% 1,046,356.16 100% 242,153.51 100% 1,000,000.00 100% 493,453.60 100% 1,271,686.03 100% 643,417.59 100% 800,000.00 80% 514,195.17 80% 1,001,567.02 100% 1,082,652.64 100% 658,641.84 100% 5,170,571.86 100% 1,268,460.94 100% 37,426.02 100% 25,935,474.96 79% 49,895,918.21 79% 14,834,085.37 100% 18,117,364.16 100% 1,000,000.00 100% 2,009,144.22 100% 800,000.00 80% 1,705,632.85 80% 1,000,000.00 100% 1,000,000.00 100% 929,927.41 100% 716,139.00 100% 1,000,000.00 100% - - 1,000,000.00 100% 827,775.29 100% 29,881,383.88 100% 40,342,297.97 100% 9,985,961.81 100% 10,003,216.26 100% 1,000,000.00 100% - 100% 100.00( ) 99% 100.00( ) 99% 1,000,000.00 100% 2,000,000.00 100% 1,000,000.00 100% 69

600,000.00 60% 535,270.46 70% 706,580.02 70% 559,351.85 70% 919,057.39 100% 1,000,000.00 100% 1,000,000.00 100% 124,156.96 70% 642,744.65 100% 993,014.06 100% 3,000,000.00 100% 1,000,000.00 100% 388,487.09 70% 10,446,957.94 100% 710,953.54 70% 7.2 7.3 7.4 7.4.1 6,149,021.84 1,172,389.60 7.4.2 91,522.44 70

8 9 1 2 3 71