2015 CHINA MINSHENG FINANCIAL HOLDING CORPORATION LIMITED : 245
2 4 5 10 29 40 46 48 49 50 51 52 54 98
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56 11 A02 568 183 22 245 HK www.cm-fin.com 03
04
571 6.9% 05
41 1,777,000 22,656,0001 6,130,0005,300,000 830,00049 06
28,905,331,250 20,418,000,000 201,091,000 195.35% 8,701 10,354 15.96% 192,358 57,732 +233.19% 32 201,091 68,086 +195.35% 1,835,000 0.9%1.2% 28,580,000 30,144,000 5.2% 07
5,084,840,000 40,193,00012,551.1% (28,542,000)(18,176,000)5,079,590,000 (34,729,000) 5,083,00018,198,00018,863,000 436,000 1,113,000 5,062,764,000 29,879,000 5,062,963,000 30,087,000 5,062,465,000 29,567,000 5936 5,084,840,000 40,193,000 Group FirstGroup First 0.60Group First83,360,000 Group First 0.6083,360,000 48,706,000 08
0.19 20,418,000,000 5,898,000,000 0.1898 4,993,552,000 219,600,000 37,332,00012,583,000 299,000 312,000 239,000 250,000 22,656,000 6,130,0005,300,000 830,000 09
8 20 622 57 (GHGs) (CO2) 10
11
48 49 25 27 6226 98 12
116 99 117 40 45 13
3.13 14
15
16 Top Pro Limited Wholesome Investments Limited
XV 352 XV 1. (b) 46,068,000 416,004,000 (a) 462,072,000 1.60% (a) (b) 416,004,000 Group First Limited 1.44%Group First Limited 28,927,291,250 XV 352 XV 2. 352 XV 17
17.07 30/04/2007 48,960 (48,960) 6.03 30/04/2008 29/04/2015 30/04/2009 1,428,000 1,428,000 0.49 05/05/2010 04/05/2017 1,476,960 (48,960) 1,428,000 17.07 04/11/2014 87,840,000 87,840,000 0.17 04/11/2014 03/11/2017 04/11/2014 131,760,000 131,760,000 0.17 04/11/2014 03/11/2017 219,600,000 219,600,000 18
17.09 (12) 1% (12) 19
21 1.00 0.170 (i) 0.170 (ii) 0.165 219,600,000 0.76% (3) 28 18 20
Group First Limited Group First Group First0.6Group First83,360,000 Group First0.683,360,000 48,706,000 0.67 0.58 CMI Financial Holding CorporationCMID.E. Shaw Composite Portfolios, L.L.C. Union Sky Holding Group Limited CMI 0.19 26,316,000,0005,000,040,0005,000,040,000 CMI 1.880.1898 26,316,000,000 4,993,552,000 21
48,700,000 28,000,000 10% = 48,700,000 CMI 550,000,000 26,316,000,000 330,000,000 = 4,994,000,000 300,000,000 40,000,000 70,000,000 1,300,000 12 13,000,000 22
40,000,000 1,600,000 12 19,000,000 250,000,000 250,000,000 210,000,000 (1) 125,000,000 5,000,000 125,000,000 15 20 750,000,00012.5 318,000,000 (2) 750,000,000 (1) 210,000,00027,000,000 (2) 318,000,00035,000,000 23
33 33 13 14 24
336 (d) (a) 20,418,000,000 70.58% CMI Financial Holding Company Limited (a) 20,418,000,000 70.58% (a) 20,418,000,000 70.58% D.E. Shaw & Co. (Asia Pacific) Limited (b) 2,342,000,000 8.10% D.E. Shaw & Co. II, Inc. (b) 2,342,000,000 8.10% D.E. Shaw & Co., Inc. (b) 2,342,000,000 8.10% D.E. Shaw & Co., L.L.C. (b) 2,342,000,000 8.10% D.E. Shaw & Co., L.P. (b) 2,342,000,000 8.10% D.E. Shaw Composite Portfolios L.L.C. (b) 2,342,000,000 8.10% David Elliot Shaw (b) 2,342,000,000 8.10% (c) 2,118,000,000 7.32% (c) 2,118,000,000 7.32% (a) CMI Financial Holding Company Limited CMI Financial Holding Company Limited 25
(b) 2,342,000,000 D.E. Shaw Composite Portfolios, L.L.C.D.E. Shaw Composite Portfolios, L.L.C. D.E. Shaw & Co., L.L.C. D. E. Shaw & Co., L.L.C. D.E. Shaw & Co. II, Inc. D. E. Shaw & Co. II, Inc.David Elliot Shaw David Elliot Shaw D.E. Shaw & Co., Inc., D.E. Shaw & Co., Inc.D.E. Shaw &Co., L.P.D.E. Shaw & Co., L.P.D.E. Shaw & Co. (Asia Pacific) LimitedDavid Elliot Shaw (c) 49% 2,118,000,000 (d) 28,927,291,250 XV 2 3 5% 336 5% 1,500 111,000 70,000 1,518,000675,000 26
28 95.7% 69.0% 99.6% 96.0% 95.6% 56.9% 97.9% 92.1% 5% 27
28
14 A.4.1E.1.2A.6.7 A.4.1 A.4.1 E.1.2 A.6.7 3.13 3.13 29
30
33 36 31
15 32
46 47 10 3.21 33
(i) (ii) (iii) (iv) 37 34
37 35
37 D3.1 36
1 11/12 1/1 1/1 0/1 2 1/12 3 2 1/12 2 1/12 4 1/12 5 12/12 0/3 1/1 1/1 1/1 6 11/12 0/1 0/1 0/1 7 1/3 10/12 3/3 2/2 2/2 0/1 0/1 1/1 8 10/12 1/3 2/2 2/2 1/1 1/1 0/1 11/12 2/3 2/2 2/2 0/1 0/1 0/1 9 1. 2. 3. 4. 5. 6. 7. 8. 9. 37
1,300,000678,000 5611 A02 56 11 A02 56 11 A02 5611 A02ir@cm-fin.com 38
39
46 600,000 XV 42 8237 600,000 XV 40
52 TPG TPG 700TPGTPG TPGTOM 2383 TOM 2003 IT 2005 1998 2008 2318 1109 987 MI 1555 6,240,000 XV 41
36 8237 400,000 XV 34 250,000 XV 56 42
(1)(1060) (2)1836 (3) 8032 (4) 220 1336 250,000 XV 65 2008 S68 543 3355 e-kong Group Limited524 China Renaissance Holdings Limited Kuok Philippines Properties 43
J.P. Morgan Inc.J.P. Morgan Securities Asia J.P.Morgan Bank of the Philippine Islands J.P. Morgan30 (B.S.F.S.) (M.B.A.) 250,000 XV 46 840,00084,000 XV 44
51 3669 180,000 XV 70 40 180,000 XV 45
48 97 405 46
47
8 201,091 68,086 (199,256) (67,238) 1,835 848 9 910 3,325 (32,229) (36,354) (15,041) (11,117) (44,525) (43,298) 11 (80) 2,175 12 (44,065) (41,123) (28,580) (30,144) (16,025) (10,979) (44,605) (41,123) 16 (0.72) (1.34) 48
(44,605) (41,123) 836 13 836 13 (43,769) (41,110) (39,050) (36,101) (4,719) (5,009) (43,769) (41,110) 49
17 1,954 933 18 15,871 19 500 1,048 21 199 208 19,572 1,141 22 18 2,486 9,173 23 299 312 23 5,062,465 29,567 5,065,268 39,052 24 18,966 20,603 26,110 15,637 115 125 45,191 36,365 5,020,077 2,687 5,039,649 3,828 25 5,666,290 574,117 27 774,728 797,895 (1,147,827) (1,119,361) 5,293,191 252,651 (253,542) (248,823) 5,039,649 3,828 50
21,983 1,325,205 (1,089,217) 257,971 (243,814) 14,157 (5,957) (30,144) (36,101) (5,009) (41,110) 533,936 (533,936) 18,198 18,198 18,198 12,583 12,583 12,583 552,134 (527,310) (30,144) (5,320) (5,009) (10,329) 574,117 797,895 (1,119,361) 252,651 (248,823) 3,828 574,117 797,895 (1,119,361) 252,651 (248,823) 3,828 (10,470) (28,580) (39,050) (4,719) (43,769) 25(a) 5,042,258 5,042,258 5,042,258 25(b) 49,915 (12,583) 37,332 37,332 (114) 114 5,092,173 (23,167) (28,466) 5,040,540 (4,719) 5,035,821 5,666,290 774,728 (1,147,827) 5,293,191 (253,542) 5,039,649 51
(44,525) (43,298) (546) (607) 436 1,043 457 1,173 70 12,583 18 (83) 461 7,970 367 7,185 (1,551) (36,748) (22,099) (1,060) (7,116) 9,351 (5,483) (28,457) (34,698) (85) (31) (28,542) (34,729) 52
29 (18,639) 4,476 (224) 141 546 607 (18,176) 5,083 5,079,590 18,198 5,032,872 (11,448) 26 159 29,567 40,856 5,062,465 29,567 5,062,465 29,567 53
1. 5611 A02 20 CMI Financial Holding Company Limited 2. 622 3. (a) (b) 54
3. (b) 9 1 15 1 1 2 2 1 2 (c) 622 622 9 (d) 55
4. 5 (a) (i) (ii) 56
4. (a) (b) 57
4. (b) (c) (i) (ii) 58
4. (c) (iii) (d) 20% 20% 59
4. (d) (e) (f) (i) (ii) (g) 60
4. (h) (i) (ii) (i) 61
4. (j) (k) (l) (m) (n) 62
4. (o) (i) (ii) (iii) (p) (q) 63
4. (r) 64
4. (s) (t) 65
4. (t) (u) (v) 66
5. (a) 1,954,000933,000 (b) 80,000(2,175,000) 67
5. (c) 15,871,000 (d) 18,173,00018,994,000 6. (a) 68
6. (b) (c) 18,966 18,966 17,742 17,742 20,603 20,603 13,273 13,273 (d) 69
6. (e) 5,063,502 30,311 199 208 36,708 33,876 (f) 21 7. 5,293,191,000252,651,000 25% 25% 25% 70
8. 192,358 57,732 8,701 10,354 32 201,091 68,086 9. 546 607 83 801 182 314 1,551 99 52 910 3,325 10. 8 71
10. 192,358 8,701 32 201,091 1,777 (5,061) (2,050) (7,902) (5,668) (1,271) (20,175) 6 1 7 67 19 44 130 7,880 90 7,970 57,732 10,354 68,086 (11,881) 556 (7) (11,332) 63 8 71 4 70 74 1,534 1 1,535 12 12 7,185 7,185 72
10. 201,091 68,086 (20,175) (11,332) 721 2,888 (12,583) (25,071) (22,271) (44,525) (43,298) 32 18,627 10 201,059 68,086 746 923 201,091 68,086 19,373 933 192,358 47,010 10,722 73
11. 108 80 (2,283) 80 (2,175) 25% 25% (44,525) (43,298) 16.5% 16.5% (7,347) (7,144) (83) (85) 6,467 8,310 (6,906) (2,889) (2,368) (1,711) 10,250 5,127 (13) (1,500) 80 (2,283) 80 (2,175) 187,577,000222,402,000 62,678,00011,814,00012,603,000 19,582,00039,413,000 176,114,000210,939,000 74
12. 457 1,173 70 1,300 1,500 190,564 57,169 436 1,043 12,583 43 233 18 (83) 7,185 461 7,970 367 3,872 3,103 5,113 15,440 17,306 75
13. 13,811 9,011 7,550 1,629 745 15,440 17,306 14 3,862 384 251 26 5,033 134 152 4,247 5,595 1,000,000 2 1,000,0011,500,000 1 4 1,500,0012,000,000 1 76
14. (a) i 84 903 97 75 1,159 (iii) 171 171 (iii) 171 171 (iii) 171 171 (ii) 34 34 (ii) 23 23 (ii) 14 14 (ii) 14 14 (ii) 34 34 180 180 180 180 905 1,074 97 75 2,151 (iii) 1,698 1,698 905 2,772 97 75 3,849 32 622 77
14. (a) i 960 10 484 60 1,514 45 900 945 (iv) 173 173 180 180 180 180 180 180 585 2,033 10 484 60 3,172 (v) 411 411 585 2,444 10 484 60 3,583 (i) (ii) (iii) (iv) (v) (b) 78
15. 16. 28,580,000 30,144,0003,945,489,0002,243,235,000 79
17. 7,910 5,957 7,102 20,969 (3,091) (65) (3,156) (184) (124) (172) (480) 7,726 2,742 6,865 17,333 187 37 224 29 58 1,258 1,316 (7,371) (1,387) (297) (9,055) (30) (76) (284) (390) 570 2,574 6,284 9,428 7,816 4,867 5,781 18,464 94 363 586 1,043 461 461 (3,079) (59) (3,138) (184) (103) (143) (430) 7,726 2,509 6,165 16,400 29 272 135 436 (7,371) (1,329) (297) (8,997) (30) (75) (260) (365) 354 1,377 5,743 7,474 216 1,197 541 1,954 233 700 933 80
18. 10,792 5,079 15,871 3.25% 21.49% 23.92% 81
19. 535 535 (13) (13) 522 522 29 500 500 500 522 1,022 464 464 70 70 (12) (12) 522 (522) 500 500 500,000 82
20. 29,970,106 100% 2 100% 1 100% Top Pro Limited 1 100% 25,000,000 100% 3,700,000 100% 100,000,000 100% 6,000,000 100% 360,000,000 100% 1 100% 83
20. # 30,000,000 96% 200,000,000 * 100% 10,000,000 ** 70% ## 20,000,000 96% # ## * 200,000,0004,000,000 ** 10,000,000 84
20. % 100%/0% 100%/0% 100%/0% 100%/0% 47,330 49,551 144,013 151,481 20,865 22,969 (440,903) (457,026) (6,686) (6,989) (4,951) (1,123) (256,246) (262,983) 15,914 21,846 (96,976) (96,510) (4,933) 7 156,789 19,345 8,701 10,354 (4,832) (8,650) (5,142) 140 6,738 (2,283) (5,931) 685 (4,832) (8,650) (5,142) 140 (729) 1,074 (1,082) 192 63 8 6 8 (31) (74) 79 (35) (697) 1,008 (997) 165 85
21. 199 208 199 208 199,000208,000 22. 30 0 90 18 8,227,0008,598,000 8,598 16,147 1,173 (8,371) (371) (351) 8,227 8,598 86
23. 299,000 312,000 239,000250,0001.5 2.75 7,746,000 10,326,000 24. 30 90 0 90 101 781 91 180 68 181 365 7 61 365 18,858 19,693 18,966 20,603 87
25. 2,308,331 574,117 2,198,331 21,983 533,936 (a) 26,399,360 5,042,258 110,000 18,198 (b) 219,600 49,915 28,927,291 5,666,290 2,308,331 574,117 (a) Group First LimitedGroup First Group First 0.6Group First83,360,000 Group First 0.683,360,000 48,706,000 CMI Financial Holding CorporationCMI 0.19 26,316,000,000 CMI 26,316,000,000 4,993,552,000 88
25. (b) 219,600,000 0.17 21,960 3,733 0.17 43,920 7,467 0.17 21,960 3,733 0.17 21,960 3,733 0.17 21,960 3,733 0.17 65,880 11,200 0.17 21,960 3,733 219,600 37,332 12,583,000 89
26. (a) 3 10 64,774 10,773 64,777 10,783 489 214 5,010,493 18,831 5,010,982 19,045 5,510 1,954 5,005,472 17,091 5,070,249 27,874 25 5,666,290 574,117 26(b) 727,255 739,952 (1,323,296) (1,286,195) 5,070,249 27,874 90
26. (b) 533,936 670 726,699 1,261,305 (533,936) (533,936) 12,583 12,583 13,253 726,699 739,952 13,253 726,699 739,952 25(b) (12,583) (12,583) (114) (114) 556 726,699 727,255 91
27. (a) 533,936 670 726,699 58,038 5,862 1,325,205 (533,936) (533,936) 12,583 12,583 (5,957) (5,957) 13,253 726,699 52,081 5,862 797,895 13,253 726,699 52,081 5,862 797,895 25(b) (12,583) (12,583) (114) (114) (10,470) (10,470) 556 726,699 41,611 5,862 774,728 (b) (i) 4(p) 92
27. (b) (ii) (1) (2) (iii) 4(c)(iii) (iv) 10% 50% 28. 93
28. 0.49 1,428,000 0.173 221,076,960 0.674 1,476,960 0.170 219,600,000 0.170 (219,600,000) 6.029 (48,960) 0.490 1,428,000 0.173 221,076,960 0.490 1,428,000 0.173 221,076,960 94
10,792 28. 1.208 1.342.840.490.1706.029 29. 22,656,000 6,130,000 1,102 214 1,316 500 500 505 784 1,289 10,046 101 10,147 (289) (48) (337) 11,864 1,051 12,915 10,792 5,079 15,871 22,656 6,130 28,786 22,656 6,130 28,786 28,786 (10,147) 18,639 28,000 95
29. 32,000 2,048,0001,269,000 202,823,000 51,835,000 30. 8,431,00010,067,000 31. 96
32. 3,269 4,419 2,318 15,027 28,250 5,587 47,696 33. (a) 801 (b) 14(a) 97
201,091 68,086 112,220 616,877 589,621 (28,580) (30,144) (1,757) 3,308 (18,992) (16,025) (10,979) (19,504) 13,957 (87,174) 5,084,840 40,193 61,477 161,542 700,937 (45,191) (36,365) (47,320) (125,695) (718,374) 5,039,649 3,828 14,157 35,847 (17,437) 98