Youyuan International Holdings Limited (a) (b) (c) (d) (e)
(f) (g) (h) (i) (j) 1933 (k) 1933
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267.6 562.0 724.8 64.6%42.3 132.6 170.7100.9%
... 267.6 562.0 724.8... (187.1) (373.9) (484.1)... 80.5 188.1 240.7... (2.1) (3.0) (4.1)... (12.6) (25.4) (37.0)... 5.3 5.9 2.4... (13.6) (20.0) (18.2)... 57.5 145.6 183.8... (15.2) (13.0) (13.1)... 42.3 132.6 170.7... 40.3 126.4 166.0... 2.0 6.2 4.7 42.3 132.6 170.7 0.05 0.17 0.22
... 626.8 700.5 945.0... 105.0 218.5 360.3... 570.3 624.8 410.3... (465.3) (406.3) (50.0)... 161.5 294.2 895.0... 340.2... 65.4 0.0 0.0... 83.0 274.8 554.8... 148.4 274.8 554.8... 13.1 19.4... 82.9 184.9 228.8... 47.9 219.9 76.3... 34.9 204.7 63.6... (215.0) (122.5) (244.1)... 178.4 (81.7) 261.5.. (1.7) 0.5 81.0 1... 82 2... 0.080.09
1 2 1,000,000,000 209,250 145,000
30,00020,00014,250 450,000 8% 486,00092,274 19.0%5% 207,000 8% 612,000 33.8%
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352.2 173.3 124.5 1 8,400 2 60,000 1 3 4 33,894 5 6 7 35 8 9 23,000 10 11 5,000 12 20 13 30,000 14 60,000 15 16 17 20 18 4,000 19 5,000 1 100,000
Cathay Special Paper Cathay Capital Holdings II, L.P. Cathay Cathay Cathay Special Paper Smart Port Cathay Special Paper 82 Smart Port Cathay Special Paper Smart Port Cathay Special Paper 14.85 Smart Port Cathay Special PaperSmart Port Cathay Special PaperCathay 340.2 603.0 568.035.0 [ ]12
Cathay Special Paper Cathay Special Paper Cathay Special Paper Cathay 165 Cathay Special Paper Cathay Special Paper Cathay Special Paper Cathay 220
Best Believe Best Believe Holdings Limited Johnny ChenLi Ho Tan 50% 749,990,000 Cathay Special Paper Cathay Special Paper Limited Cathay Capital Holdings II, L.P. Cathay Capital Holdings II, L.P. Cathay Master GP, Ltd. Cathay Capital Holdings II, L.P. Paul Steven WolanskyCathay Master GP, Ltd. 45%Paul Steven WolanskyCathay Capital Holdings II, L.P.New China Capital Management, L.P. Paul Steven WolanskyCathay Capital Holdings II, L.P. 50% Cathay Cathay Special Paper Smart Port BVI Cathay Special PaperSmart Port
223 32 Smart Port Smart Port Smart Port Smart Port Smart Port
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571 0.10 Smart Port Smart Port Holdings Limited
Smart Port Cathay Special Paper Smart Port 71.95 Smart PortCathay Smart Port Smart PortCathayCathay Special Paper 1,178 ASmart Port 11.78% 2 Cathay Cathay UFIDA UFIDA Software Co. Ltd. Uniland Uniland Box Products Manufacturing
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1.00 1.00 1.00
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267.6724.8 64.6% 15.7 209,250 [ ] [ ] 209,25015.7
128.9 257.6 322.9 68.9% 68.9% 66.7%
523.0 182.8 568.0528.0 35.0 (a)(b) (c) (d) (e) (f)
66.9% 13.6 20.0 18.2 7.0% 6.8% 4.8% 465.3 406.3 50.0 60.9 340.2 30 620,427.1 84 167,752.5
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[2009] 124 [2009] 601 10% (a) 25%5% (b)10%
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277 277 242 56 59 62 4 503 Paul Steven Wolansky 35 Edgewood Drive, Greenwich, CT 06831, 362 202 12 1 603 18 3 27C
Cricket Square, Hutchins Drive PO Box 2681 Grand Cayman, KY1-1111 Cayman Islands 12 13 04 www.youyuan.com.hk ACCA, HKICPA 277 60 2 C 3A 10
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100,000 30 14.9%
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1 63,000 2 60,000 3 21,000 4 11,000 5 9,000 6 8,000 7 6,000 8 5,000 9 5,000 10 5,000 193,000 14.0% 5.3% 1.1% 0.1% 50,000 63% 1 56,000 2 52,000 3 35,000 4 21,000 5 10,000 6 10,000 7 2,000 8 3,000 189,000
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(i) (ii) (iii) (iv) (v) (vi) (ii) (iii) (iv) (i) (ii) (iii) (vi)15 15
0.025
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Best Believe Cathay Special Paper Best Believe316 415 316 316 125 Smart Port Best Believe Best Believe Fortune China Financial Advisory LimitedFortune China Johnny ChenLi Ho TanFortune China Johnny Chen Li Ho TanFortune China Johnny ChenLi Ho Tan Fortune China Fortune China Fortune China Fortune China Fortune China Fortune China Fortune China
Fortune China Fortune China 300,0001.25%Fortune China Best Believe Fortune China Fortune China2% Fortune China Cathay Special Paper Fortune China 411,600Cathay Special Paper 2% Cathay Special PaperCathay Special Paper Fortune China Fortune China Fortune China Fortune China Smart PortBest Believe Cathay Special Paper73.34% 3.16% 4.15% 3.16% 3.16% 1.25% 11.78% Codan Trust Company (Cayman) Limited Smart Port BVI BVI BVI Smart Port 1.00 Smart Port Smart PortBVI 9,999Smart Port 10,000 BVI 10,000 10,0001.00Cathay Special Paper 9,990,0001.0010,000,000
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2 [ ] Cathay Special Paper Cathay Special Paper Cathay Special Paper Cathay Special PaperCathay Special Paper 11.78% Cathay Special Paper 10.07 Cathay Special Paper Smart Port Cathay Special Paper 30%30%Cathay Special Paper (a) 30%: a = b + b (x) c a = b = -30% (x) (x)7.2 c = 20% (b) 30%: a = b + b (x) c a = b = -30% (x) (x)5.4 c = 20%
30%Cathay Special Paper Cathay Special Paper Cathay 170.7 82 Smart PortSmart Port Cathay Special Paper Cathay Special Paper14.85 14.85 Cathay Special Paper Cathay Special Paper(i)
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1 2 3 4
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15
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913 1 6,000 2 20,000 3 4,000 4 4,000 5 8,250 6 25,000 7 30,000 8 50,000 9 9,000 10 9,000 11 7,000 12 7,000 13 30,000 209,250 13 25 220 2.8 70380 2.75 30 450 2.9 24 36
1 2 1 2 1 2 (%) (%) (%) 1... 102.6 8,376 8,160 101.2 8,256 8,160 99.4 8,112 8,160 2... 102.6 8,376 8,160 101.2 8,256 8,160 99.4 8,112 8,160 3... 102.6 8,376 8,160 101.2 8,256 8,160 99.4 8,112 8,160 4... 102.9 8,400 8,160 97.9 7,992 8,160 99.1 8,088 8,160 1... 85.0 2,040 2,400 97.6 7,968 8,160 99.1 8,088 8,160 2... 85.0 2,040 2,400 97.6 7,968 8,160 99.1 8,088 8,160 3... 87.5 2,952 3,372 99.1 8,088 8,160 98.8 8,064 8,160 4... 87.5 2,952 3,372 99.1 8,088 8,160 98.8 8,064 8,160 5... 101.2 4,032 3,984 99.7 8,136 8,160 99.1 8,088 8,160 6... 101.2 4,032 3,984 99.7 8,136 8,160 99.1 8,088 8,160 7... 90.5 2,520 2,784 8... 90.5 2,520 2,784 1... 97.2 4,536 4,668 98.2 8,016 8,160 2... 97.2 4,536 4,668 98.5 8,040 8,160 3... 97.9 7,296 7,452 4... 97.6 7,272 7,452 1 2
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(a) 34,000 (b) 75 (c) 2,000 10,560 (d)
1
2.5 3.5 3.0 4.0
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... 177 158 112... 146 142 41... 127 96 27... 158 112 98... 79 75 67 267.6 121.7 145.9 562.0139.6 422.4724.8 89.1 635.7 96623 497837 12 16.7% 21.9% 23.3%
10 60 500 900 1,400 10 25 24 51 60 134
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ISO 9001 3 50 2 ISO 9001
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1.6 3.9 5.0 7.5 (i) (ii) (iii) (iv) (v)
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(i) (ii) (iii) (iv) 122
122 122 122 122 300,000122 12122 122
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7.4 8.3 5.9 7.8% 9.3% 9.4% 8.2 11.7 1.5% 1.6% 3. 2 4. 5. 13 6.
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XV2 3 10% Smart Port... 550,050,000 55.01%... 573,750,000 57.38% Cathay Special Paper... 88,350,000 8.84% Paul Steven Wolansky... 1 88,350,000 8.84% 1 573,750,000 (i) Smart Port550,050,000 (ii) 23,700,000 2 88,350,000 Cathay Special PaperCathay Special Paper Cathay Capital Holdings II, L.P.Cathay Master GP, Ltd. Cathay Capital Holdings II, L.P.Paul Steven WolanskyCathay Capital Holdings II, L.P. 45%XVCathay Master GP, Ltd. Paul Steven Wolansky XV2 3 10%
BVI... 267.6 562.0 724.8... (187.1) (373.9) (484.1)... 80.5 188.1 240.7... (2.1) (3.0) (4.1)... (12.6) (25.4) (37.0)... 5.3 5.9 2.4... (13.6) (20.0) (18.2)... 57.5 145.6 183.8... (15.2) (13.0) (13.1)... 42.3 132.6 170.7... 40.3 126.4 166.0... 2.0 6.2 4.7 42.3 132.6 170.7 0.05 0.17 0.22
... 626.8 700.5 945.0... 105.0 218.5 360.3... 570.3 624.8 410.3... (465.3) (406.3) (50.0)... 161.5 294.2 895.0... 340.2... 65.4 0.0 0.0... 83.0 274.8 554.8... 148.4 274.8 554.8... 13.1 19.4... 82.9 184.9 228.8... 47.9 219.9 76.3... 34.9 204.7 63.6... (215.0) (122.5) (244.1)... 178.4 (81.7) 261.5.. (1.7) 0.5 81.0
BVI BVI 30 40 267.6 562.0 724.864.6% 42.3 132.6 170.7 100.9%
25.3% 62.1% 12.6% 9.6% 8.7%110.0% 29.0%
25,575.611,448.492,693.513,373.9 [ ] 4,677.84,788.1 3,941.43,362.3
... 71.1 119.6 180.2... 38.0% 32.0% 37.2%... 4,806.0 4,762.1 3,799.6... 4,788.1 3,362.3... 3,191.0 7,400.6... 4,838.4 4,677.8 3,941.4... 15,266.1 23,701.0 55,547.4 15
60... 49.0 80.5 60.1... 26.2% 21.5% 12.4%... 2,927.2 2,796.7 2,509.8 1,606.21,380.7... 8.7 55.9 56.6... 4.6% 15.0% 11.7%... 2,836.1 3,051.7 2,495.2... 2,210.1 2,463.3 1,951.4... 626.0 588.4 543.8
... 0.1 1.6 26.0... 0.1% 0.4% 5.4%... 2,553.3 1,989.3 2,147.8... 0.403 0.206 0.516 0.377 0.198 0.441 0.505 0.284 0.478... 0.592 0.380 0.271 0.600 0.046 0.348 0.306 0.279... 0.418 0.002 0.751 0.059 0.700... 0.004 0.020 0.003 0.160 0.021 0.075... 0.023 0.048 0.276 0.015 0.038 0.280 0.009 0.017 0.299... 1.018 1.052 1.067 1.014 1.033 1.072 1.039 1.022 1.131
10.7 22.9 29.35.7% 6.1% 6.1% 11.3 27.2 44.6 6.0% 7.3% 9.2% 616 0.5
... 960.4 0.4 397 965.5 0.5 447 1.034.1 0.5 504... 0.6 538.1 341 0.6 651.4 377 0.5 615.2 317... 701.0 0.4 292 700.4 0.5 322 676.0 0.5 333... 0.4 546.9 215 0.3 645.2 182 0.3 614.4 171... 388.4 0.4 162 386.5 0.4 169 410.5 0.5 187... 0.5 537.5 250 0.5 656.8 311 0.5 615.7 289 26.5% 9.0% 7.1% 25%
78.0 10.9 84.3 54.1 22.2 34.7 9.0% 7.1% 15% 25% 25% 24 36
294.0229.0 77.9%523.0 13.6 20.0 18.2 523.0 340.2182.8 7.0% 6.8% 4.8% 1% 3.5 406.3 111.6 50.0
... 267.6 562.0 724.8... (187.1) (373.9) (484.1)... 80.5 188.1 240.7... (2.1) (3.0) (4.1)... (12.6) (25.4) (37.0)... 5.3 5.9 2.4... (13.6) (20.0) (18.2)... 57.5 145.6 183.8... (15.2) (13.0) (13.1)... 42.3 132.6 170.7... 40.3 126.4 166.0... 2.0 6.2 4.7 42.3 132.6 170.7
... 147.9 299.4 470.4... 47.2 99.4 154.1... 46.0 171.5 168.6... 11.8 57.0 57.8... 73.7 91.1 85.8... 21.5 31.7 28.8
... 31.9% 33.2% 32.8%... 25.7% 33.2% 34.3%... 29.2% 34.8% 33.6%... 30.1% 33.5% 33.2%... 18,697.2 7,909.7 38,079.2 7,863.6 65,848.3 7,144.1... 6,878.4 6,693.3 24,754.4 6,926.0 26,845.2 6,280.8... 11,448.4 6,433.8 12,867.5 7,082.3 13,373.9 6,412.3... 37,024.0 75,701.1 106,067.4
... 147.9 55.3 299.4 53.3 470.4 64.9... 46.0 17.2 171.5 30.5 168.6 23.3... 73.7 27.5 91.1 16.2 85.8 11.8... 267.6 100.0 562.0 100.0 724.8 100.0
... 71.1 14,789 119.6 25,116 180.2 47,431... 49.0 16,752 80.5 28,776 60.1 23,919... 8.7 3,059 55.9 18,331 56.6 22,672... 0.1 47 1.6 799 26.0 12,121... 6.0 9.4 13.1... 134.9 267.0 336.0... 10.7 22.9 29.3... 0.3 1.3 2.0... 11.3 27.2 44.6... 4.3 9.4 12.5... 1.0 2.4 2.1... 4.5 7.5 9.8... 8.6 18.5 23.9... 8.6 13.7 18.1... 2.9 4.0 5.8... 25.6 46.1 59.7... 187.1 373.9 484.1... 0.4 0.6 1.0... 0.8 1.0 1.4... 0.3 0.5 0.8... 0.6 0.9 0.9... 2.1 3.0 4.1
... 2.5 6.4 8.7... 2.3 5.0 7.8... 1.8 2.3 3.8... 0.5 0.9 0.9... 2.0 3.6 8.8... 0.2 0.3 0.6... 0.1 0.3 0.6... 0.1 0.3 0.4... 0.1 0.2 0.4 1... 3.0 6.1 5.0... 3.5 7.2 7.0... 12.6 25.4 37.0 1
[ ] Fortune China[ ] [ ] [ ] Conyers Dill & Pearman[ ][ ] Fortune China Fortune China Best BelieveSmart Port 1.25% Fortune China Smart PorttBest Believe Fortune China A.Smart Port
... 360 911 1,006... 31 (123)... 4,798 5,094 244... (1,365) (1,655) (5) 1... 850 1,220 903... 1,642 1,642 1,642... (913) (913) (913)... (31) (368) (333) 5,341 5,962 2,421 1 7 1.0 3.3 4.5
27% 25% 25% 26.5% 9.0% 7.1% 25% 25% 562.0 162.8 724.8 29.0% 299.4171.057.1% 470.4 53.3%64.9%
171.52.91.7% 168.6 30.5%23.3% 91.1 5.35.8%85.8 16.2% 11.8% 373.9 110.229.5%484.1 188.1 52.628.0%240.7 33.5% 33.2% 3.0 1.136.7%4.1
25.4 11.645.7%37.0 3.6 5.2144.4%8.8 [ ] 5.93.559.3% 2.4 0.3Charity 20.0 1.89.0%18.2 145.6 38.226.2%183.8 13.0 0.10.8%13.1 25%
132.6 38.128.7%170.7 23.6% 267.6 294.4 562.0 110.0% 147.9151.5102.4% 299.4 55.3% 53.3% 46.0 125.5272.8% 171.5 17.2% 30.5%
73.7 17.423.6% 91.1 11,448.412,867.5 27.5% 16.2% 187.1 186.8 373.9 99.8%48.5 31.5 47.2 3.4 80.5 107.6 188.1 133.7% 30.1%33.5% 2.1 0.9 3.0 42.9% 12.6 12.8 25.4 101.6%
[ ] 50 5.30.6 5.9 11.3%0.6 0.3 0.3 0.30.3 13.6 6.4 20.0 47.1% 7.3 1.5 2.3 57.5 88.1 145.6 153.2% 15.22.2 13.0 14.5% 27%25% 78.0 10.922.2
42.3 90.3 132.6 213.5%15.8%23.6% [ ]... 82.9 184.9 228.8... 47.9 219.9 76.3... 34.9 204.7 63.6... (215.0) (122.5) (244.1)... 178.4 (81.7) 261.5.. (1.7) 0.5 81.0 82.9 184.9 228.8 43.9 162.8 294.4
47.9 219.9 76.3 152.5 53.3 83.0 25.4 8.6 35.0 35.0 109.4 67.16.7 42.5 5.913.4 34.9 204.7 63.6 13.0 15.2 12.7 215.0 122.5 244.1 153.0 120.5
21.6 50.0 1.0 85.4 50.2 257.8 61.4 93.1 3.67.1 178.4 (81.7) 261.5 680.595.6 21.4 468.544.7 22.8 91.9 366.521.8 383.5 15.0 354.0 49.32.2 212.814.3
60.9... 110.3 143.5... 154.6 181.2... 5.8 5.8... 2.8 1.8... 86.8 123.5 360.3 455.8... 118.4 161.4... 8.6 4.4... 1.6... 95.6 140.0... 3.3 10.0... 182.8 200.9 410.3 516.7 (50.0) (60.9) 465.3 406.3 50.0[ ] 111.6 110.3 154.686.8
118.4 8.6 182.895.6 95.6 140.0CathayCathay Smart Port CathaySmart Port Smart Port140.0 CathaySmart Port Cathay Special Paper 1 340.2 4.8% 4.9% 1 5.6% 6.3% 6.6% 7.6% 4.9% 6.6%5.4% 7.6%
568.0... 128.0 286.5 403.0 448.0... 166.0 24.5 120.0 120.0... 294.0 311.0 523.0 568.0... 294.0 311.0 182.8 200.9... 71.3 98.4... 268.9 268.7... 294.0 311.0 523.0 568.0 568.0 35.0 23 78.9% 144.4 140.04.4
1... 40% 34% 40% 2... 31% 60% 40% 3... 7% 15% 15% 4... 0.18 0.35 0.88 5... 0.14 0.30 0.60 1 100% 2 100% 3 100% 4 5 34% 40% 40% 34% 60% 40% 111.6
31% 60% 26% 37% 15% 7% 15% 0.35 0.88 311.0 182.8 0.18 0.35 0.30 0.60
0.14 0.30... 48.7 7.1 83.4... 2.1 48.7 9.2 83.4 15.734.0 723.7 807.6
1... 129.2 165.0 14.3 2... 15.9 206.5 227.9... 35.3 3.4 99.0... 8.0... 13.1 0.8... 27.7... 324.5 173.3 124.5... 553.7 549.0 465.7 1 2 [ ]
... 13.4 15.9 99.5... 0.8 0.0 0.1... 6.6 11.6 10.7... 20.8 27.5 110.3... 34.7 23.6 51.9... 32.5...... 2.4... 0.1... 34.8
36534.723.651.9... 58.6 92.5 134.0... 3.2 35.6 13.7... 0.2 1.1 5.4... 1.2... 0.1 0.3... 62.1 129.2 154.6... 53.1 49.1 57.0...... 1.3... 1.3
53.149.157.0 365 60 0 30... 34.9 60.0 90.4 31 60... 18.9 28.5 43.6 61 90... 3.6 2.7 91 180... 1.2 1.3... 58.6 92.5 134.0
... 32.8 20.6 67.5... 8.6 119.7 13.2 41.4 140.3 80.7... 4.0 9.5 6.9... 6.5 9.0 7.1... 1.4 2.3 2.8... 2.7 6.5 9.8... 1.9 3.4 4.9... 1.4 3.2 6.1... 59.3 174.2 118.3... 75.6 88.7 83.3... 0.2... 1.5... 1.7
5695691,138 75.688.783.3 365 30... 21.8 11.6 42.2 31 90... 10.9 8.9 25.3 91 120... 0.1 0.1 0.0 121 180... 0.0... 32.8 20.6 67.5 31 90... 2.1 41.5 91 120... 45.7 8.6 121 180... 6.5 32.5 4.6... 8.6 119.7 13.2
60180 [ ] 12 1.6 91.9 88.6 0.4% 14.7% 15.5% 108.8 7.2 95.6 350.0 66.9%
7b
1... 82 2... 0.080.09 1 2 1.00[ ] 1,000,000,000
2.48 35.6 87.6 12.1 0.6211.9 136.6 105.8 88.6 91.9 1.6 Ke Qingkai Ke Qingkai Ke Qingkai15010 10 5% Ke Qingkai Ke Qingkai 95.6CathayCathay Smart Port CathaySmart Port Smart Port 95.6
123.3 44.7 8.6 8.6 26 336.5 13.13 13.19 13.13 13.19
209,250 145,000 30,00020,00014,250 450,000 8% 486,00092,274 19.0%5% 207,000 8% 612,000 33.8%
201.5 375.7 341.2 13 1 6,000 2 20,000 3 4,000 4 4,000 5 8,250 6 25,000 7 30,000 8 50,000 9 9,000 10 9,000 11 7,000 12 7,000 13 30,000 209,250 13 25220 2.8 70380 2.75 30450 2.9 160,000
352.2 173.3 124.5 1 8,400 2 60,000 1 3 4 33,894 5 6 7 35 8 9 23,000 10 11 5,000 12 20 13 30,000 14 60,000 15 16 17 20 18 4,000 19 5,000 1 100,000
88 35 22 % % % % Xi Yuan Paper 1 100.00 100.00 Limited BVI... 10,000,000 100.00 100.00 100.00 100.00... 1 95.00 95.00 100.00 100.00 2... 3 60,000,000
% % % % 3 68,980,000 96.50 96.50 100.00 100.00 2... 3 94.92 94.92 100.00 100.00 128,880,000 2... 1 10,000 1BVI9,990,0001 10,000,000 2 BVI 3 BVI BVI
BVI 2 BVI 2
1.... 8 267,586 562,019 724,793... (187,099) (373,918) (484,141)... 80,487 188,101 240,652... (2,075) (2,994) (4,066)... (12,645) (25,364) (37,018)... 10 5,341 5,962 2,421... 11 (13,613) (20,021) (18,219)... 12 57,495 145,684 183,770... 13 (15,223) (13,041) (13,093)... 42,272 132,643 170,677... 40,282 126,396 165,941... 1,990 6,247 4,736 42,272 132,643 170,677... 15 0.05 0.17 0.22
... 16 401,261 533,349 621,646... 17 115,759 113,226 259,311... 18 22,924 22,011 21,098... 86,850 31,920 42,957 626,794 700,506 945,012... 19 20,778 27,503 110,282... 20 62,083 129,204 154,580... 17 2,158 2,534 5,770... 26 12,090... 26 562... 21 2,592 52,826 2,860... 21 5,361 5,842 86,825 105,062 218,471 360,317... 22 59,282 174,246 118,326... 26 123,306 44,679 8,584... 26 88,626 91,917 1,649... 26 95,605... 5,128 2,978 3,318... 23 294,000 311,000 182,820 570,342 624,820 410,302... (465,280) (406,349) (49,985)... 161,514 294,157 895,027... 23 340,180 161,514 294,157 554,847... 24 65,390 10... 83,020 274,796 554,847... 148,410 274,806 554,847... 13,104 19,351... 161,514 294,157 554,847
1 2... 65,390 4,362 38,376 108,128 8,864 116,992... 40,282 40,282 1,990 42,272... 2,250 2,250... 3,972 (3,972 )... 65,390 8,334 74,686 148,410 13,104 161,514... (65,380 ) 65,380... 126,396 126,396 6,247 132,643... 12,715 (12,715 )... 10 65,380 21,049 188,367 274,806 19,351 294,157... (10 ) 10... 165,941 165,941 4,736 170,677 3... 111,623 111,623 111,623... 2,477 2,477 (24,087 ) (21,610 )... 17,782 (17,782 )... 111,623 67,867 38,831 336,526 554,847 554,847 1 (i) (ii) 65,380,000 Uniland Box Products Manufacturing Uniland 94.92%2 1.00 10,000BVI 99.9%2 9,990,000 (iii) 2,477,000 21,610,000 2 10% 50% 3 111,623,00027
... 57,495 145,684 183,770... (360) (911) (1,006)... 13,613 20,021 18,219... (31) 123... 10,349 17,027 22,895... 913 913 913... 879 2,157 3,695... 179... 82,889 184,860 228,788... (5,939) (6,725) (82,958)... (42,522) (67,121) (25,376)... (562) 562... 8,584... 13,473 109,420 (53,288)... 47,901 219,872 76,312... (13,051) (15,191) (12,753)... 34,850 204,681 63,559
... (257,823) (85,364) (120,550)... (61,409) (153,016)... 93,110 12,090... 7,140... 3,600 (50,234) 49,966... (21,610)... 360 911 1,006... 71 80... (215,022) (122,526) (244,124)... 354,000 383,450 680,500... 49,308 15,026 21,355... 95,605... 2,250... (91,887) (44,679)... (212,800) (366,450) (468,500)... (14,333) (21,813) (22,733)... 178,425 (81,674) 261,548... (1,747) 481 80,983... 7,108 5,361 5,842... 5,361 5,842 86,825
1. 22 Smart Port Holdings Limited Smart Port Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman KY1-1111, Cayman Islands 2. Uniland94.92%Uniland BVIBVI 99.9%9,990,0001 0.1% BVI BVI 1 0.1% 10,0001 BVIBVI BVI BVI BVI
3. 5 1 2 24 3 27 1 32 4 39 1 1 5 1 7 6 2 5 3 1 9 7 3 14 1 17 6 19 1 2 3 4 5 6 7
3 27 4.
(i)37 (ii)18
5. 4 58,644,00092,489,000134,035,000
6. 7. 7a.... 78,727 151,719 224,016... 551,302 597,412 716,419 7b.
(i)... 109 74 43 88,626 91,917 1,649... 62,037 7,174 108,840 5%5% 5% 5% (i)... 4,426 4,592 80 359 2,340 (i)
(ii) 26 23 50 50 380,000755,000 1,313,000 26(c)
26(c) 33% 30% 27% 1,500,00056,250,000 120,000,000 465 406 50 (i) (ii)
%.. 45,370 45,370 45,370... 123,306 123,306 123,306... 88,626 88,626 88,626... 6.82 196,120 196,120 190,000... 7.39 108,236 108,236 104,000... 7,500 219,432 349,726 561,658 551,302... 149,816 149,816 149,816... 6.40 21,250 21,250 21,250... 23,429 23,429 23,429... 91,917 91,917 91,917... 6.54 135,322 135,322 131,000... 7.04 192,672 192,672 180,000... 20,000 156,596 477,810 614,406 597,412.. 87,581 87,581 87,581... 8,584 8,584 8,584... 1,649 1,649 1,649... 95,605 95,605 95,605... 4.78 178,141 178,141 173,000... 4.86 50,067 65,624 275,404 391,095 350,000 105,838 315,789 65,624 275,404 762,655 716,419
7c. 8.... 147,890 299,438 470,426... 46,039 171,450 168,609... 73,657 91,131 85,758 267,586 562,019 724,793
9. (a) (b)... 147,890 299,438 470,426 47,207 99,371 154,118... 46,039 171,450 168,609 11,761 57,048 57,742... 73,657 91,131 85,758 21,519 31,682 28,792 267,586 562,019 724,793 80,487 188,101 240,652... (2,075) (2,994) (4,066)... (12,645) (25,364) (37,018)... 5,341 5,962 2,421... (13,613) (20,021) (18,219)... 57,495 145,684 183,770... (15,223) (13,041) (13,093)... 42,272 132,643 170,677 4
(c)... 132,628 242,367 243,003... 54,046 53,223 51,001... 36,605 36,337 35,936... 223,279 331,927 329,940... 508,577 587,050 975,389... 731,856 918,977 1,305,329 (d)... 64,393 43,095 202,609 310,097... 4,370 1,223 1,907 4,641 12,141... 114,576 27 1 34,551 149,155... 6,573 2,454 1,897 9,173 20,097... 31 31... 13,358 251,053 264,411... 10,171 2,456 1,894 12,982 27,503... 123 123
(e) (f) 10% 10.... 360 911 1,006... 31 (123)... 4,798 5,094 244... (1,365) (1,655) (5) 1... 850 1,220 903... 1,642 1,642 1,642... (913) (913) (913)... (31) (368) (333) 5,341 5,962 2,421 1
11.... 14,475 21,814 22,722... 1,525... 171... (1,033) (3,318) (4,503) 13,613 20,021 18,219 1,033,0001,793,0005.7% 5.4% 1,525,0004,503,000
12.... 8,109 18,834 24,573... 1,497 3,970 3,459 9,606 22,804 28,032... 10,349 17,027 22,895... 913 913 913... 879 2,157 3,695... 12,141 20,097 27,503... 53 1,436 1,252... 2,002 4,956... 187,099 373,918 484,141 179,000 13. BVI 27%
50% 63 25% 15% [2007]39 12.5% 25%... 57,495 145,684 183,770 27% 25%... 15,524 36,421 45,943... (22,259) (34,706)... 237 97 1,896... (909) (1,242) (158)... 371 24 118 15,223 13,041 13,093 25% 27%
114,832,000274,592,000 14. (a)... 900 900 900... 6 7 7 906 907 907... 603 604 604... 303 303 303...... Paul Steven Wolansky............ 906 907 907
(b)... 388 398 349... 7 9 388 405 358 1,000,000 15. 750,000,000
16.... 43,447 96,101 798 503 65,079 205,928... 3,243 1,518 437 221,593 226,791... 91,975 104,234 (196,209)... 135,422 203,578 2,316 940 90,463 432,719... 2,893 3,676 1,748 543 140,295 149,155... 50,016 47,510 (97,526)... (204) (170) (374)... 188,331 254,764 3,860 1,313 133,232 581,500... 20,554 4,813 1,421 3,238 81,369 111,395... 58,425 81,746 (140,171)... (260) (260)... 267,310 341,323 5,281 4,291 74,430 692,635... (9,178) (10,966) (559) (406) (21,109)... (2,683) (7,418) (176) (72) (10,349)... (11,861) (18,384) (735) (478) (31,458)... (4,928) (11,487) (531) (81) (17,027)... 181 153 334... (16,789) (29,871) (1,085) (406) (48,151)... (6,655) (15,131) (776) (333) (22,895)... 57 57... (23,444) (45,002) (1,861) (682) (70,989)... 123,561 185,194 1,581 462 90,463 401,261... 171,542 224,893 2,775 907 133,232 533,349... 243,866 296,321 3,420 3,609 74,430 621,646
............ 30 10 20 5 5 50 17.... 117,917 115,760 265,081... 2,158 2,534 5,770... 115,759 113,226 259,311 117,917 115,760 265,081 50
18.... 30,422... (6,585)... (913)... (7,498)... (913)... (8,411)... (913)... (9,324)... 22,924... 22,011... 21,098 23,560,00023,311,00022,143,000 30 19.... 13,367 15,852 99,483... 755 30 111... 6,656 11,621 10,688 20,778 27,503 110,282
20.... 58,644 92,489 134,035... 3,216 35,572 13,658... 183 1,143 5,364... 1,227... 40 296 62,083 129,204 154,580 60 0 30... 34,859 60,043 90,385 31 60... 18,947 28,510 43,650 61 90... 3,600 2,669 91 180... 1,238 1,267 58,644 92,489 134,035 4,838,0003,936,000
61 90... 3,600 2,669 91 180... 1,238 1,267... 4,838 3,936...... 68... (68)... 21. 0.06% 1.00% 0.36% 1.00% 0.01% 0.36% 0.72% 2.44% 0.36% 3.78% 0.36% 3.78%
22.... 32,774 20,642 67,467... 8,640 119,674 13,235 41,414 140,316 80,702... 3,956 9,500 6,879... 6,479 9,000 7,110... 1,427 2,253 2,787... 2,710 6,561 9,790... 1,918 3,411 4,864... 1,378 3,205 6,194 59,282 174,246 118,326 30... 21,775 11,571 42,194 31 90... 10,939 8,923 25,269 91 120... 52 148 4 121 180... 8 32,774 20,642 67,467 31 90... 2,140 41,500 91 120... 45,714 8,660 121 180... 6,500 32,460 4,575 8,640 119,674 13,235 60 180
23.... 128,000 286,500 403,000... 166,000 24,500 120,000 294,000 311,000 523,000... 294,000 311,000 182,820... 71,310... 268,870 294,000 311,000 523,000... (294,000) (311,000) (182,820) 340,180... 5.51% 5.31% 7.47% 8.22% 4.78%... 90% 110%
A... 11,000 10,000 # B... 144,000 # C... 60,500 59,000 # D... 50,000 # E... 150,000 # F... 75,100 110,000 # G... 13,000 3,500 H... 45,800 I... 15,400 J... 60,000 K... 45,000 19,500 L... 5,700 M... 10,000 N... 13,000 O... 60,000 60,000 P... 24,500 Q... 65,000 R.... 18,000 294,000 311,000 523,000 A B C D E F G H I
J K L M N O P Q R... 4,938 123,324 285,203... 65,251 73,502 138,091 70,189 196,826 423,294 #
24.... 65,390 10 BVI 22 380,0003,800,0000.1 10.1 25. 1,497,0003,970,0003,459,000 22
26. (a) # 5.08% 5% ## 3.5% # 16.67% 83.33% ## 86.25% 13.75%
(b) 1... 12,090 3... 562 12,090 562 5... 88,626 91,917 1,649 6... 95,605 7... 102,515 22,775 2... 311 2... 20,287 20,287 4... 504 504 8,584 2... 802 123,306 44,679 8,584 211,932 136,596 105,838 1. 12,090,000 2. 3. 180 4. 504,000 504,000 8,584,000 180
5. 83,250,0002.4% 111,623,00027 6. 95,605,000 7. (i)... 21,250 (ii)... 102,515 1,525 102,515 22,775 (i) (ii) 8. 6
(c) 23... 1,642 1,642 1,642... 1,525... 171 171 1,525... 35,588 87,631... 1,376 4,738 6,221 1,376 40,326 93,852... 311... 802 1,113... 18,850 43,487... 63,891 37,238... 17,151... 4,944 82,741 102,820... 5,297... 10,137... 4,097 19,531
2,150,000 3.5% 10,580,000 5.08% 8,880,000 5% 6,071,000... 7,500 20,000... 7,500 20,000 (d) 14
27. (i) 2,482,000 (ii) 102,515,000 (iii) 1,439,000 11,735,000 111,623,000 28. 1,113,000... 1,113 1,113... 1,113 2,226 1,113
1,642,0001,642,0001,642,000 7.16% 7.46% 7.78%... 1,642 1,642 410... 1,642 3,284 1,642 410 29.... 48,715 7,064 83,403... 2,150 48,715 9,214 83,403 II. 14
III. Smart PortSmart PortBVISmart Port9,999 (a) 9,996,200,0000.103,800,000 10,000,000,000 (b) 74,999,000 749,990,000 Smart Port 139,950,00095,605,000 Smart Port IV.
11.18 (A) 3 (a) (b) (c) (d) (e) (f) (g) (h) (i) [ ]
[ ]
4 6 1 32AC
2B7 5 12
[] B.Sc. FRICS FHKIS 27 30
1. 106,354,000 100% 106,354,000 2. 161,643,000 100% 161,643,000 3. 134,660,000 100% 134,660,000 402,657,000 402,657,000
4. 472,000 100% 472,000 5. 40,137,000 100% 40,137,000 6. 36,028,000 100% 36,028,000 76,637,000 76,637,000
7. 30,007,000 100% 30,007,000 30,007,000 30,007,000 8. 12 13 4 509,301,000 509,301,000
1. 81,164 53 A A 65,339.428 5,825.28 11 A B 106,354,000 100% 106,354,000 19 26,799.325 3 3,535,501 1 810 5 9,723,051 11 19,823.131 14 4,648.42 53 65,339.428 A A50 A 1,014 AB B A
1. 8,549 2,482,300 2. 6,5259,890 10,222,000 3. 6,480 4,194.94 9,041,000 4. 15,432 5,825.28 40,000,000 5. (2006) 01061 01062 01064 01068 01070 (2007) 00951 00952(2009) 00747 0074981,164 50 6. 00160310,804.01 7. 00160142,711.418 3810,204.674 11,824 10,204.674 1,619.326 8. B1,014 B 9. 2008 200803005-1 200803005-3 200803005-5 (2006) 01061 01062 01064 01068 01070(2007) 00951 0095252,727 4 1,169 75,547,000
10. 15,647 20,907.84 136,820 11. 15,4325,825.28 82,000 12. 1,014 B 811,824 A7 14,592,000 13. a. 5 7 7 1,619.326 b. 13(c) 13(a) c. d. e.
2. 131,243 24 A A 62,111.362 A B C 161,643,000 100% 161,643,000 8 18,162.7 1 5,826.492 1 2,059.322 4 18,186.347 7 17,668.106 3 208.395 24 62,111.362 A A50 A A B B B 19,250.2 B 20,699,000 16,201,100
AB A 199.25 C C A 1. 43,082 32,311,500 2. 81,879 61,409,250 3. 6,2825 90,789 32,140,000 4. (2009) 00750 00754 00712 131,243 50 5. 000320 000322 001605 62,111.362 24 6. C199.25 C 7. 2009175 176-1(2009) 00751 0075381,879 000320 000322 83,100,000
8. 2009176-2 (2009) 0075432,894 12,900,000 9. B 199.25 C 6 15,413,000 10 a. 4 5 b. 10(c) 10(a) c. d. e.
3. 83,774.84 15 52,125.66 134,660,000 100% 134,660,000 5 19,088.01 1 5,708.43 1 2,042 4 15,821.2 4 9,466.02 15 52,125.66 50 1. 83,774.84 18,849,339 2. 2009 GC0065 GC0067 83,774.84 50
3. 20093854 2009385652,125.66 15 4. a. b.
4. 1,169 50 472,000 100% 472,000 1. (2006) 00241 1,169 50 2. 2008 200803005-3 (2006) 00241 1,169 15,998 8,567,000 3. a. b. 3(c) c. d.
5. 98,223.6 50 40,137,000 100% 40,137,000 1. 7,434.6 5,546,000 2. 90,7892 6,282 32,140,000 3. (2009) 00755 00709 00711 98,223.6 50 4. a. b.
6. 180,244.07 50 36,028,000 100% 36,028,000 1. 217.7805 145,18758,096 2. 35,057.077 44,608.6 43,487,100 3. 2006 0185 01872009 GC0069180,244.07 50 4. 2009 200902702 2006 0186 38,311.1 28,590,000 5. a. b. 5(c) c. d.
7. 44,608.6 3 22,328 2 15,308 1 7,020 30,007,000 100% 30,007,000 3 22,328 42,750,000 50 1. 44,608.6635,057.07 43,487,100
2. 2009 GC0068 GC0070 44,608.6 50 3. 10092003822,328 4. a. b. 3 c.
8. 12 3913 13 4 1,210 112.41 Eriksdale Limited 41,140 1. Eriksdale Limited UB7247904 2.
223 1. (a) 27(2) (b) 2. (a) (i)
(ii) (iii) (iv) (v)
(vi)
(vii)
(aa) (bb) (cc) (6) (dd) (ee) (ff)
(viii) (ix) (x) (30) (b) (c) (i) (ii)
(iii) (iv) (v) (d) (e) (21) (10)
(95%) (21) (10) (15) (f)
(g) (15) (18) (h) (21)
(i) (21)(20) (e) (21) (10) (14) (10) (i) (ii) (95%) (aa) (bb) (cc) (dd) (ee)
(ff) (20%) (gg) (j)
(30) (k) (l) (m) (i)
(ii) (a) (b)
(n) (o) 20 (14) (20)
(p) (2)2.50 1.00 (q) (r) 3(f) (s) (i) (ii)
(t) (i) 12 (ii)12 (iii) (3) (u)
3. (a) (b) (a)(b) (c)37(d)(e) (f)
(c) (d)
(e) 34 34 2(m) (f) (a) (b) (c) (a)(b) (c) (d) (g)
(h) (i) (ii)(iii) (i) (j) 6 (1) (2) (k) (l)
(m) (n) (28)
(21) (o) (75%) (p) (90%) (q)
4. Conyers Dill & Pearman
A. 1. Youyuan International Holdings Ltd. Youyuan International Holdings Ltd. Youyuan International Holdings Limited XI 12 13 04 2. (a) (b) (c) 380,0003,800,000 0.10 Codan Trust Company (Cayman) Limited 0.10 Smart Port Smart Port Smart Port BVI Smart Port9,999 Smart Port Cathay Special Paper Best BelieveSmart PortCathay Special Paper Smart PortBest Believe Smart Port Smart PortCathay Special Paper Best Believe1,178 316 415 316 316 125 [ ]
3. 9,990,0001.00 BVI10,00010,0001.00 10,000,000 90,000,000 138,880,000 60,000,000 88,890,000 4. (a) 9,996,200,0000.10 3,800,000 10,000,000,000 (b) 20%
(c) 10% (d) (b) (c) 10% (e) (b) (c) (d) (1) (2) (3)
5. (1) (i) 10% (ii) (iii) (2)
(3) (4) 26 B. (a) (b) (c) Smart PortSmart Port Best Believe Smart Port
C. 1. (a) Uniland 94.92%1.00 (b) 94.92%Uniland (c) 3.5%2,414,300 (d) 1805722 (e) 5.08%10,580,000 (f) 5%8,880,000 (g) Cathay (h) (i) Smart Port (j) BVISmart Port Smart PortBVI10.00 (k) BVISmart Port Smart PortBVI10.58
(l) Smart Port Smart Port BVI Smart Port9,999 (m) Best Believe Cathay Special Paper BVI Smart PortSmart Port Holdings Limited Best Believe Cathay (n) Smart PortBVISmart PortBVI 20.58 (o) (p) 2.... 1 3628362... 2 3628361... 3 3628360... 4 3628359... 5 3628358
... 5 5308604... 6 3628357... 7 3628356... 14 3628355... 15 3628354... 16 1805722... 16 1924513... 16 1925811... 16 1925812... 16 3278753... 16 3282522... 16 3437148... 16 3437149
... 16 3437150... 16 3437151... 16 N/045720... 16 4493785... 16 5969694... 16 6294102... 16 6294103... 17 3628353... 18 3628352... 18 5308600... 19 3628351... 22 3628350... 23 3628349... 24 3628348
... 25 3628347... 26 3628346... 27 3628345... 29 3628344... 29 5308599... 31 3629043... 32 3629042... 32 5308598... 33 3629041... 34 3629040... 35 3629039... 37 3629038
... 38 3629037... 39 3629036... 40 3629035... 41 3629034... 42 3629033... 43 3629032... 44 3629031... 16 869209 1... Int. Cl 16 3145756... 16 300880146 (1)
... 16 5969693... 16 6521565... 16 6521546... 16 301495846 1 2 3 4 5 6 7 14
15 16 17 18 19 22 23 24 25 26 27 28 29 31 32 33 34 35 37 38 39 40
41 42 43 44 youlanfa.com... youyuan.com.hk...... ZL 2006 30138948.X... ZL 2006 30138949.4
... ZL 2007 20006361.2... ZL 2007 20006413.6... ZL 2007 10008633.7... ZL 2008 20139799.2... ZL 2008 20139800.1 v2.0... 2009SR035913 v2.0... 2009SR036351
3. (a) (i) (ii) (iii) (iv) 50 128,880,000 (v) 158,880,000 (vi) 100% (vii) (b) (i) (ii) (iii) (iv) 50 68,980,000 (v) 172,450,000 (vi) 100% (vii) (c) (i) (ii) (iii) (iv) 50 88,890,000 (v) 138,880,000
(vi) 100% (vii) D. 1. Paul Steven Wolansky 5%... 1,580,000... 1,280,000... 160,000... 160,000 Paul Steven Wolansky... 60,000... 120,000... 120,000... 180,000
2. 906,000907,000 907,000 2,612,000 E. 1. XVXV7 8 352... 573,750,000 57.38% 1... 2 31,125,000 3.11% Paul Steven Wolansky... 3 88,350,000 8.84%
1 573,750,000 (i) Smart Port550,050,000 (ii) 23,700,000 2 31,125,000 3 88,350,000 Cathay Special PaperCathay Special Paper Cathay Capital Holdings II, L.P.Cathay Master GP, Ltd. Cathay Capital Holdings II, L.P.Paul Steven Wolansky Cathay Capital Holdings II, L.P. 45%XVCathay Master GP, Ltd.Paul Steven Wolansky XV2 3 (a) XV2 3 10% Smart Port... 1 550,050,000 55.01% Cathay Special Paper... 2 88,350,000 8.84% 1 Smart PortSmart Port 2 Paul Steven Wolansky Cathay Special PaperCathay Special PaperCathay Capital Holdings II, L.P.Cathay Master GP, Ltd. Cathay Capital Holdings II, L.P.Paul Steven WolanskyCathay Capital Holdings II, L.P. 45% XVCathay Master GP, Ltd.Paul Steven Wolansky
2. E. (a) (b) (c) 5% F. 1. 2. (a) (b) (c)
(b) 100,000,000 (c) 3. (a) (b) (c) (d) (e) (f) (g) (a) (f) 4. 10% (a) 10%
(b) (c) 30% 5. 12 1% 12 1% 6. 10
7. 12 (a) 0.1% (b) 5,000,000 8. 28 28 1.00
9. 10. 11. 1.00 12. (a) (b)
(c) 5 13. (i) 10 (ii) (iii) (iv) (a) 12 (b) 6
(c) (d) (e) (i) (ii) (i) (ii) (i) (ii)
(i)13(e) (f) (i) (ii) (iii) (iv) (v) (vi) (i)(vi) 13(f) (g) (i) (ii)
(iii) (iv) (i) (iv) 13(g) (h) 1 (i) (i) 10 (ii) 2
(iii) (j) 2 14. 15. 10 10
16. (a) (b) (c) (d) (e) 13(f) 16(d) (f) 17. (a) (b) (c)
(a) (b) (c) 17 (d) 18. (a) (b) (c) 19.
20. 21. (i) (ii)17.03 (iii) G. 1. (p) (a) (b)
2. 3. 4. 5. 44A 44B 6. (1) (a) (b) (c)
(d) (e) (f) (g) (2) (12) 7. Conyers Dill & Pearman 8. Conyers Dill & Pearman