China Rundong Auto Group Limited 268,619,000 26,862, ,757, % 0.003% 0.005% C % 0.003% 0.005% 3.98

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Transcription:

China Rundong Auto Group Limited 268,619,000 26,862,000 241,757,000 3.98 1% 0.003% 0.005% 0.0000005 1365 32 342C 3.98 3.58 3.98 1% 0.003% 0.005% 3.98 3.58 3.98 www.hkexnews.hk www.rundong.com.cn 144A S

www.eipo.com.hk eipo............................................................................ eipo................................................................................................................... (1).... (2) 11............................. (3) www.hkexnews.hk www.rundong.com.cn (1) (2)...... www.iporesults.com.hk........................................... i

....................................................................... (1) (2) 8 10. (3) 6. (4) www.eipo.com.hk eipo (5) (6) (i) (ii) ii

............................................................... i..................................................................... iii..................................................................... 1..................................................................... 13............................................................... 39................................................................. 41................................. 68......................................... 75.................................................. 79................................................................. 84................................................................. 86................................................................. 99 iii

............................................................... 117..................................................................... 168................................................................. 220.................................................... 274................................................................. 280..................................................................... 281................................................................. 284........................................................ 286.................................................. 296..................................................................... 298.......................................................... 308.................................................... 318................................................... I-1......................................... II-1.......................... III-1............................................... IV-1................................ V-1 iv

41 MINI 51 36 8 3 3 1 4 28 1

51 28 54.9% 15 4S MINI (i) (ii) (11) (46) (8) (1) C (3) (1) (3) (3) / MINI (1) (1) E (1) A (1) (1) (1) (36) (1) (6) A / MINI (2) C (1) (1) (2) (1) (3) B / (2) C (2) (2) (3) (3) B / (1) / (2) (2) (1) (1) (10) (7) D (2) (1) (3) (3) (1) MINI (1) (1) (5) (3) (2) (1) (2) (1) A (1) 14 152 4S 2

(1)................................... 1 1 1......................... 2 3 5 3 8 5 13 13 MINI................... 2 2 2 2 2 MINI......................... 1 1 1 1................... 1 1 2 3 3 3......................... 3 3 3..................... 1 1 1 1 1..................... 1 1 1 2 2..................... 1 1 1..................... 1 1......................... 1 1........................... 4 7 2 9 8 17 10 1 26 26..................... 26 4 9 21 3 1 23 2 2 23 23........................... 30 11 11 30 11 1 40 12 3 49 49 (1) 152 15 4S 544.9 540.2 73,750,000 29,500,000 40% 368.0 294.4 6,017.4 55.9% 9,383.8 23.5% 11,587.8 2,395.0 62.5% 3,891.3 90.4 0.9% 91.2 172.3% 248.4 29.2 243.7% 100.2 3

% % % % %................... 1,603,249 26.7 5,874,492 62.6 7,324,212 63.2 1,487,087 62.1 2,578,198 66.3.......................... 3,865,431 64.2 2,792,523 29.8 3,146,056 27.2 691,372 28.9 920,037 23.6................................ 5,468,680 90.9 8,667,015 92.4 10,470,268 90.4 2,178,459 91.0 3,498,235 89.9....................... 548,728 9.1 716,794 7.6 1,117,570 9.6 216,536 9.0 393,019 10.1.................................. 6,017,408 100.0 9,383,809 100.0 11,587,838 100.0 2,394,995 100.0 3,891,254 100.0 % % % % % % % % % %....... 75,366 16.5 4.7 323,444 50.8 5.5 436,691 43.6 6.0 89,019 49.7 6.0 170,462 45.5 6.6.............. 184,472 40.4 4.8 78,676 12.4 2.8 107,809 10.7 3.4 17,708 9.9 2.6 30,865 8.2 3.4.................... 259,838 56.9 4.8 402,120 63.2 4.6 544,500 54.3 5.2 106,727 59.6 4.9 201,327 53.7 5.8........... 196,998 43.1 35.9 233,781 36.8 32.6 457,804 45.7 41.0 72,373 40.4 33.4 173,402 46.3 44.1...................... 456,836 100.0 7.6 635,901 100.0 6.8 1,002,304 100.0 8.6 179,100 100.0 7.5 374,729 100.0 9.6 548.7 30.6% 716.8 55.9% 1,117.6 216.5 81.5% 393.0 197.0 18.7% 233.8 95.8% 457.8 72.4 139.6% 173.4 35.9% 32.6% 41.0% 33.4% 44.1% (i) (ii) 4

224 49.1 134.6% 115.2 33.6% 153.9 36.3 34.3% 48.7 54.3% 126.3% 62.0% 48.6% 233..................... 3,234 496 12,661 464 16,263 450 3,308 450 5,945 434............................ 32,728 118 24,107 116 27,118 116 6,058 114 7,781 118.................................. 35,962 152 36,768 236 43,381 241 9,366 233 13,726 255 50 188 1% CRM CRM CRM 197 198 199 64.7% 84.0% 80.8% 75.3% 23.9% 32.9% 31.7% 25.5% 5

KKR Auto 122 Rundong Fortune Rundong Smart KKR Auto 200 199 344.4 780.6 936.5 289.5 75.4% 122.8% 93.4% 77.3% 188 225 226 5.01(2) 6

72,895.9 38.4% 35,757.9 46.4% 30.2% 52.7% 49.6% 48.4% 27.1% 30.5% 27.8% 24.7% 47 203 7

....................... 6,017,408 9,383,809 11,587,838 2,394,995 3,891,254................... (5,560,572) (8,747,908) (10,585,534) (2,215,895) (3,516,525)....................... 456,836 635,901 1,002,304 179,100 374,729........ 75,005 174,182 244,532 55,898 65,085............ (132,286) (219,992) (265,920) (53,152) (86,040)................... (168,591) (228,223) (284,221) (57,887) (114,538)................... (4,655) (16,985) (17,884) (4,079) (1,687)................... (86,257) (201,059) (291,147) (74,304) (86,623)................. 140,052 143,824 387,664 45,576 150,926................. (49,649) (52,611) (139,271) (16,414) (50,698)............. 90,403 91,213 248,393 29,162 100,228.............. 3,045,998 5,630,730 5,439,054 5,838,324.............. 2,775,660 5,634,568 6,277,900 6,893,153....... 270,338 (3,838) (838,846) (1,054,829).......... 1,134,861 1,553,435 1,973,797 2,078,684................... 596,361 692,165 944,437 1,068,400...... 547,636 644,433 887,271 1,007,359................. 48,725 47,732 57,166 61,041.............. 3,910,521 7,188,003 8,251,697 8,971,837 8

(1).................... 7.6% 6.8% 8.6% 7.5% 9.6% (2)................... 1.5% 1.0% 2.1% 1.2% 2.6% (3)............... 21.6% 14.2% 30.4% 40.4% (12) (4).... 5.9 3.2 4.6 4.1 (5)............... 54.7 75.1 87.9 72.7 (6)............. 30.9 36.8 46.7 40.4 (7)......... 2.3 1.6 2.3 1.6 2.6 (8)............. 1.1 1.0 0.9 0.8 (9)............. 0.8 0.8 0.6 0.6 (10)............ 240.4% 457.0% 343.6% 340.5% (11).......... 158.6% 404.3% 299.4% 289.4% (1) 100% (2) 100% (3) 100% (4) 365 90 (5) 365 90 (6) 365 90 (7) (8) (9) (10) 100% (11) 100% (12) 9

Rundong Fortune 45.0% Rundong Fortune 43.4% Rundong Fortune Cheerful Autumn Cheerful Autumn Rue Feng Rue Feng KKR Auto KKR China Growth Fund L.P. 33.8% Rundong Fortune Cheerful Autumn Rue Feng KKR Auto 274 23,250,000 9,300,000 0.87% 95 0.1429 0% 3.56% 3.88% 4.57% IV-17 D. 270 30% 3.7 330.0 10

6,525.4 614.2 9.4% 23,722 9,921 429,000 117,000 34 2410 Rundong Fortune Rundong Smart KKR Auto 330.0 Runda Rundong Fortune Rundong Smart KKR Auto 199.7 14.8 115.5 Rundong Fortune Rundong Fortune Rundong Fortune Rundong Smart KKR Auto Rundong Smart KKR Auto 18.6 4.5 14.1 51.5 24.1 (i) (ii) (iii) (iv) 41 11

(1) 3.58 3.98............................. 3,846.6 4,276.4.... 1.41 1.50 (1) 244,974,000 3.78 (i) 926.0 (ii) 838.3 81.7 920.0 147.0 73,750,000 29,500,000 296 19.3 MINI 14.3 6.4 30.0 20.0 10.0 296 12

3S S 4S S 5S 4S Allegro Auto Allegro Auto International Ltd. 13

Allegro Auto Fresca International Presto Auto Vivace Auto Schnell International 22 3 Cheerful Autumn Cheerful Autumn Holdings Limited Rue Feng 32 14

Rundong Fortune Cheerful Autumn Rue Feng KKR Auto KKR Auto East Rain 24 15

East Rain East Rain Holding Ltd. Cheerful Autumn East Rain China Auto Retail Holding Group Ltd Runda Rue Feng Yang Zhiqing East Rain KKR Auto Cheerful Autumn Rue Feng (i) KKR Auto 25 111,111,111 (ii)east Rain 5 KKR Auto 22,222,222 16

Fresca International Fresca International Ltd. eipo 26,862,000 26,862,000 17

Rue Feng Cheerful Autumn Rundong Fortune 18

19

241,757,000 S 144A Rue Feng Cheerful Autumn Rundong Fortune Runda 0.11% 20

Merrill Lynch International Merrill Lynch International Merrill Lynch International KKR Auto KKR China Auto Retail Holding Ltd II 70% 30% 21

87% 13% Spring Oasis Cayman Spring Oasis Cayman 153,330,000 22

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1% 0.003% 0.005% 24

40,292,000 32 D. 1. Presto Auto Presto Auto International Ltd. 25

Maples Fund Services (Cayman) Limited 144A S S Rue Feng Rue Feng Holdings Limited 144A 144A Runda Runda (PTC) Limited 26

Rundong Fortune Rundong Fortune Investment Limited Cheerful Autumn China Rundong Auto Holding Ltd. Rundong Smart Rundong Smart Investment Limited Rundong Wisdom 25% Rundong Wisdom Rundong Wisdom (PTC) Limited Wisdom Runda 23,645,000 Schnell Holding Schnell Holding Ltd. 27

Schnell International Schnell International Ltd. Schnell Holding Schnell Holding 16% 41.99% Schnell Holding Schnell Holding 20.8% East Rain KKR Auto KKR Auto 19,677,470 Runda 571 28

0.0000002 0.0000005 East Rain K KR Auto East Rain KKR Auto II Rundong Fortune Rundong Smart KKR Auto 0.0000002 0.0000005 A. 3. 29

KKR Auto East Rain KKR Auto East Rain Cheerful Autumn Rue Feng Rundong Fortune Rundong Smart D. 2. East Rain Rundong Smart Wisdom 89,960,000 Wisdom Spring Oasis Cayman Spring Oasis Investments Holdings Limited 3S 4S 5S 30

KKR Auto Rundong Fortune Cheerful Autumn Rue Feng Rundong Smart Rundong Wisdom 80% 20% 31

Schnell Holding Schnell Holding 7.71% 8.19% Schnell Holding Schnell Holding 10.71% East Rain KKR Auto KKR Auto 20 15,405 0.71% 32

Vivace Auto Vivace Auto International Ltd. eipo eipo www.eipo.com.hk eipo Wisdom Rundong Wisdom Rundong Wisdom 70% 30% 33

2.55% 34

90% 10% 51% 51.5% 35

70% 30% 51% 25% 10% 9% 5% 70% 30% 36

30% 10% 51.5% % 37

38

39

40

99% (i) (ii) (iii) KKR Auto Rundong Fortune Rundong Smart KKR Auto 41

344.4 780.6 936.5 289.5 75.4% 122.8% 93.4% 77.3% 42

MINI MINI 27.9% 51.4% 51.5% 48.9% 13.5% 13.4% 14.8% 71.2% 82.5% 78.8% 79.1% 43

95.9% 59.4% 62.3% 59.1% 0.1% 25.1% 20.3% 18.3% 4.0% 15.6% 17.4% 22.7% 6,017.4 55.9% 9,383.8 23.5% 11,587.8 2,395.0 62.5% 3,891.3 90.4 0.9% 91.2 172.3% 248.4 29.2 243.7% 100.2 3.8 838.8 1,054.8 1,122.3 44

(i) 43 21 43 25 (ii) 15 4S 1,433.5 3,163.3 3,245.4 3,638.1 100% 240.4% 457.0% 343.6% 340.5% 45

35.9% 32.6% 41.0% 44.1% 4.8% 4.6% 5.2% 5.8% 54.3% 126.3% 62.0% 48.6% 46

1,814.7 4,941.4 5,746.2 1,882.0 30.2% 52.7% 49.6% 48.4% 20.9 47

23.2 Rundong Fortune KKR Auto KKR Auto Rundong Fortune Rundong Smart KKR Auto KKR Auto (i) (ii)kkr Auto (iii) KKR Auto Rundong Fortune Rundong Smart KKR Auto Rundong Fortune 30% (A) Rundong Fortune Cheerful Autumn Rue Feng KKR Auto (B) Rundong Fortune Rundong Smart (i) KKR Auto 520,000,000 (ii) KKR Auto KKR Auto 30% 48

49

30.9 36.8 46.7 40.4 50

654.6 743.3 783.4 418.5 80% ERP ERP CRM CRM ERP ERP 51

16 10 CRM 283,000 52

Rundong 潤東 潤東 53

1.6 54

1.6 7.5% 10% 1.7 20% 9,000 55

56

57

10% 25% 5% 5% 5% 25% 58

25% 10% 20% 10% 50% 698 12.5% 59

10% 698 698 698 698 698 698 60

37 37 37 37 37 [2012]7 [2007]78 61

37 37 37 37 37 62

H1N1 H7N9 H10N8 63

64

65

3.7 Rundong Fortune Rundong Smart KKR Auto Runda 330.0 3.78 3.58 3.98 Rundong Fortune 45% 66

67

8.12 8.12 (a) 3.05 (b) (c) (d) (e) (f) 68

8.17 3.28 3.28 3.28 1 8.17 3.28 1 3.28 8.17 3 3.28 3 3.28 A27 32 I 10 69

A27 17.02(1)(b) Runda Runda Runda 23,250,000 9,300,000 0.87% 0.1% 70

(i) 17.02(1)(b) A 27 (ii) I 10(d) (a) 95 12 (b) (c) (d) (a) (b) (i) (ii) (iii) 71

(iv) (c) (a)(i) 17.02(1)(b) A 27 I 10 (d) 342A I 10(d) (a) (i) (ii) (a)(i) (iii) (iv) (b) (a)(i) 3 I 10 (c) D. 1. 72

9.09(b) Rundong Fortune Rundong Smart Runda KKR Auto 11. 9.09(b) 9.09(b) 9.09(b) (a) (b) 10% Rundong Fortune 10.07 (c) 10% (d) 73

(e) 74

571V Runda 23,645,000 75

1,000 1365 Maples Fund Services (Cayman) Limited 76

0.80 1.00 6.21 1.00 7.75 1.00 77

78

15 6 502 333 139 72 3 1 701 501 33 202 6 2 401 6 11 2502 83 45 G 79

3 2 102 39 2 501 Mei Jianping 10 Landing Lane, Princeton New Jersey, 08550 United States 48 A9 35 205 80

2 55 1 46 Merrill Lynch International 2 King Edward Street London EC1A 1HQ United Kingdom 1 46 2 55 Merrill Lynch International 2 King Edward Street London EC1A 1HQ United Kingdom 1 46 81

3 12 189 22 1 22 500 37 5 20 100020 Maples and Calder 99 53 3 35 82

77 3 34 100025 28 8 100037 1 45 189 22 83

Maples Corporate Services Limited PO Box 309, Ugland House Grand Cayman, KY1-1104 Cayman Islands 999 D 7 183 54 www.rundong.com.cn 999 D 7 183 54 501 33 202 183 54 84

Mei Jianping Mei Jianping Maples Fund Service (Cayman) Limited PO Box 1093, Boundary Hall, Cricket Square, Grand Cayman KY1 1102, Cayman Islands 183 17 1712-1716 189 22 212 99 99 85

380,000 (i) (ii) (iii) (i) (ii) (iii) 9.6% 86

34.1 56.9 13.7% 25,608 41,805 13.0% 41,805 60,000 35,198 38,420 50,000 25,608 30,105 40,000 56,885 30,000 47,310 51,894 20,000 40,151 34,090 10,000 0 2009 2010 2011 2012 2013 60,000 50,000 40,000 30,000 20,000 10,000 0 3.2% 53.7% 11.9% 30,000 25,000 20,000 15,000 10,000 5,000 0 17,175 19,109 9.8% 7.8% 21,810 8.4% 24,565 9.6% 26,955 2009 2010 2011 2012 2013 7.0% % 14 12 10 8 6 4 2 1 14.3% 1 1 6.2% 6.0% 1 1,200 960 720 480 825 6.0% 875 6.1% 9.7% 960 1,020 6.3% 1,050 % 10 8 6 1 70 56 42 28 7.4% 51 7.8% 55 9.1% 64 65 60 6.0% % 10 8 6 4 240 0 2.9% 2009 2010 2011 2012 2013 4 2 14 0 1.6% 2009 2010 2011 2012 2013 2 0 87

10 1.................. 8.75 12.15 13.23 14.32 17.35 18.7% 9.0% 2.................. 5.46 5.64 6.09 7.24 7.59 8.6% (0.6%) 3.................. 3.92 4.21 3.52 4.57 4.56 3.9% (1.3%) 4.................. 2.48 2.65 2.65 3.63 3.58 9.6% 5.0% 5.................. 3.81 2.92 3.17 3.08 2.95 (6.2%) (0.8%) 6.................. 1.46 1.90 2.65 2.94 2.78 17.5% 6.5% 7.................. 1.82 2.39 2.52 2.77 2.55 8.8% 5.4% 8.................. 2.00 2.04 1.88 2.04 2.26 3.1% 1.5% 9.................. 2.27 2.25 2.20 1.90 1.79 (5.8%) (1.0%) 10................ 2.16 1.96 1.75 1.40 1.30 (11.9%) (4.2%) 18.7% 9.0% 25 20 15 10 5 0 30 27 25 23 21 19 17 12 13 14 9 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 7.2% 11.6% 45.0% 88

% 70 60 50 40 30 20 10 0 59.5% 56.6% 51.0% 49.7% 48.2% 43.6% 31.2% 20.1% 45.0% 7.2% (1) (2) (3) (4)............................ 1 MINI 300,000 1 80,000 300,000 80,000 12.9% 10.6 17.3 30.4% 100,000 75,000 50,000 25,000 0 89,449 74,607 68,462 56,323 41,805 89

1 37.4% 14.0% 12.6% 7.2% 3.6% 1 36.1% 50,000 37,500 25,000 12,500 43,851 37,851 32,538 28,264 26,955 0 9.1% 8.8% 8.0% 2.3% 2.7 3.3 7.4% 2.3% 4000 8.8% 3000 2,705 3,100 3,294 3,347 8.0% 28.2% 2000 (1) 71.8% 9.1% 1000 0 2009 2010 2011 2012 (1) 19 29.2% % 15 10 5 14.6 10.9 10.4 9.1 7.2 0 90

25,000 20,000 15,000 10,000 5,000 0 11,241 2009 14,851 29.2% 18,055 24,264 2010 2011 2012 149,000 414,000 40.6% 13.9% 10.0% 5.1% 4.8% 5.1% 10.0% 500 400 352 414 66.2% 13.9% 33.8% 300 200 100 149 237 4.8% 0 2009 2010 2011 2012 (1) 19 % 25 20 15 10 5 0 22.7 18.0 11.8 5.5 10.3 600 1,326 30.3% 25.0% 28.8% 91

160 120 80 40 0 60 84 30.3 2009 2010 2011 2012 102 133 4S 4S 4S S 4S 5S 4S 4S 25.3% 4S 11.1% 85.3% 11.8% 1.9% 1.0% 4S (1) (2) 1 A.................................................. 54 2 B................................................... 50 3 C................................................... 33 4.................................................. 24 5 D.................................................. 23 (1) (2) 92

(1) 1.................................................. 25 2 A.................................................. 15 3 B................................................... 14 4 C................................................... 12 5 D.................................................. 11 (1) 4S 5S (1) 1 A.................................................. 24 1 B................................................... 24 3 C................................................... 19 4 D.................................................. 16 5.................................................. 14 (1) (1) 1 A.................................................. 16 2.................................................. 13 2 B................................................... 13 4 C................................................... 7 4 D.................................................. 7 (1) 4S 93

4S 4S 60.1% 58.2% 160,000 3,981,000 25.5% 18.6% 200 100 0 10 16 % 32 2009 2010 2011 2012 2013 41 50 67 2014 25.5% 79 2015 103 126 160 2016 2017 2018 4000 2000 0 362 % 711 1,102 1,433 1,745 2009 2010 2011 2012 2013 2,166 18.6% 2,699 3,088 3,535 3,981 2014 2015 2016 2017 2018 31.7% 158,489 362,100 21.9% 10.6% 53.9% 26,114 95,237 22.4% 22.2% 29.7% 225,588 491,989 31.2% 13.0% 94

(1) 0.7% 2.1% 1.0% 5.2% 2.1% 0.3% 0.8% 5.6% 6.3% 3.8% 6.0% 5.2% 87.7% 16.7% 26.0% (1) 87.7% MINI 71.3% 24.8% 10.3% 9,243,000 16,647,000 18,000 12,000 6,000 4,751 6,815 % 8,602 9,243 10,777 11,811 10.3% 12,806 13,970 15,388 16,647 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 23.2% 45.0 84.2 50% 14.7% 10,500 95

1,200 1,000 800 600 400 200 0 240 % 330 400 460 530 2009 2010 2011 2012 2013 600 14.7% 700 800 910 1,050 2014 2015 2016 2017 2018 16.0% 25.6% 20% 30% 10,000 8,000 6,000 4,000 2,000 0 1,903 16.0% 2,318 2,602 3,031 3,441 2009 2010 2011 2012 2013 3,957 % 4,630 5,463 6,556 7,932 2014 2015 2016 2017 2018 40 30 20 10 0 % 22 19 20 21 20 21 22 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 24 27 30 23.2% 13% 1% 70% 80% 20% 81% 46% 96

50.4% 14.5% 9,940 1,000 800 600 400 200 0 130 % 230 260 2009 2010 2011 2012 2013 442 508 584 14.5% 672 2014 2015 773 888 994 2016 2017 2018 23.1% 8,890 1,000 800 600 400 200 0 214 % 300 350 2009 2010 2011 2012 2013 400 470 540 14.2% 620 2014 2015 710 800 889 2016 2017 2018 37.6% 29.6% 1,000 100 80 60 40 20 0 8 % 13 17 2009 2010 2011 2012 2013 21 28 36 29.6% 80 48 2014 2015 62 100 2016 2017 2018 61.2% 63.4% 9.6% 8.7% 2.0% 7.5% 57.1% 59.1% 97

% 100 80 60 40 20 0 61.4 27.2 61.2 27.6 61.6 27.4 62.0 27.2 62.4 27.0 62.8 26.8 63.2 26.6 63.4 26.5 11.4 11.2 11.0 10.8 10.6 10.4 10.2 10.1 2011 2012 2013 2014 2015 2016 2017 2018 % 100 80 60 40 20 0 36.2 35.9 35.9 37.2 20.9 31.4 11.5 20.8 30.9 12.4 22.3 32.2 9.5 21.9 31.1 9.8 2009 2010 2011 2012 98

99

100

(a) 1 (b) 30 (c) 80% 101

1.6 1.6 3,000 400 200 3,000 102

(a) 10 (b) 60,000 50,000 103

25% 104

698 (i) 12.5% (ii) 38 (1) 10% (2) 10% 10% (3) 10% 10% 38 38 17% 17% 6% 5% 105

37 37 3% 20% 1.0 3% 1% 3.0 4.0 15% 25% 4.0 20% 40% 1.6 1.6 7.5% 10% 106

37 37 [2012]7 [2007]78 37 107

2% 3% 10% 50% 20% 20% 10% 5% 25% 25% 10% 108

(a) (b) (c) 109

110

40 24 111

5,000 (a) 100 4 (b) 20 4 500,000 112

.cn 113

114

115

116

51 15 4S /MINI KKR Auto 117

MINI 2,000,000 1,010,000 200,000 100,000 100,000 590,000 50.5% 10% 5% 5% 29.5% 5% 100,000 10% 8,000,000 500,000 500,000 2 11 78.1% 9.18% 6.36% 6.36% 118

9.18% 0.9 87.28% 6.36% 6.36% 31.1 7.9 11 50 81.4% 17.2% 1.4% 1.4% 700,000 1.4% 82.8% 17.2% 10 8 2 80% 20% 20% 80% 2 8 20% 80% 10 52.5 500,000 50,000 450,000 10% 90% 119

80% 10% 400,000 50,000 80% 10% 90% 10% 98.55 950,000 500,000 100 99% 1% 1% 1 1% 50 47.5 2.5 95% 5% (1) (2) 100% (3) 95% 5% 100% 100% (4) (5) 120

(1) (2) 17.2% (3) 1........... (65.2%) # (34.8%) 2........... (73.23%) # (26.77%) 3........... (100%) 4........... (65.2%) # (34.8%) 5.............. 70% 30% # 6.............. (51%) # (49%) 7.............. 87% # (10%) (3%) 8................ (70%) # (30%) 9................ (100%) 10....... (100%) 11........... (64%) (36%) 12........... (90%) # (10%) 13........... (70%) # (30%) 14......... (100%) 15........... (70%) # (30%) 16........... (70%) # (30%) 17........... (70%) # (30%) 18........... (51%) # (44%) # (5%) 19........... (100%) 20................ (100%) # (4) 1................ (90%) (10%) 2.............. (90%) (10%) 3................ (100%) 121

(5) 1................ (100%) 2................ (100%) 3.............. (90%) (10%) 4................ 100% 10% KKR Auto KKR Auto..... 30,322,530 KKR Auto 999,999 1 122

..... 19,677,470 KK R Auto 1 2..... 20 KK R Auto 15,405 3..... 30 KK R Auto 111,111,111 KKR Auto East Rain 222,222,222 4 1. 2. KKR Auto 123

2. 3. KKR Auto East Rain 4. 3. 5. KKR Auto East Rain 4. 6. KKR Auto 7. Spring Oasis Cayman KKR Auto KKR Auto KKR Auto KKR Auto Rundong Fortune Rundong Smart KKR Auto Rundong Fortune Rundong Smart Rundong Fortune Rundong Smart (i) (ii) KKR Auto KKR Auto KKR Auto 124

KKR Auto KKR Auto KKR Auto KKR Auto KKR Auto (i) (ii) KKR Auto 25% KKR Auto a. KKR Auto b. KKR Auto c. d. e. II 125

KKR Auto (i) (ii) KKR Auto 10% KKR Auto x. y. (x) KKR Auto (i) (a) (b) (ii) (c) (d) (iii) (e) (y) KKR Auto KKR Auto 126

A B KKR Auto A (1) (i) 600 (ii) 10% (iii) 10% B (a) (b) (2) (a) (i) 600 (ii) 110% (b) 110% (a) (b) (c) 127

KKR Auto (i) (ii) (iii) KKR Auto KKR Auto A B (i) B B (ii) B B KKR Auto T/P*K T = B P = 128

K = KKR Auto KKR Auto KKR Auto 30 KKR Auto A B A = B = 25% 129

KKR Auto B KKR Auto KKR Auto (i) Rundong Fortune 30% (ii)rundong Fortune Cheerful Autumn Rue Feng KKR Auto 30% (i) KKR Auto 26 (ii) (iii) 130

(A) (B) 1,074,474,000 (C) KKR Auto (D) A (E) KKR Auto (F) (1) (i) KKR Auto 520,000,000 KKR Auto 800,000,000 74.5% a. 210.0 (2) B b. 600.0 (2) B 231.0 (2) B (ii) KKR Auto 42,342,200 322,342,200 30% a. 521.2 (2) B b. 600.0 (2) B 573.3 (2) B 131

(2) (i) 545.4 (2) B KKR Auto KKR Auto (2) 600 210.0 520,000,000 0 74.5% 600 300 280,000,000 22.3% 52.1% 600 400 140,000,000 35.4% 39.1% 600 500 56,000,000 43.2% 31.3% (ii) 600 (2) B B KKR Auto (2) 660 231.0 520,000,000 0 74.5% 660 300 336,000,000 17.1% 57.3% 660 400 182,000,000 31.5% 43.0% 660 500 89,600,000 40.1% 34.4% 660 600 28,000,000 45.8% 28.7% (1) KKR Auto (2) 132

Rundong Fortune Rundong East Rain Cheerful Autumn Rue Feng East Rain 1,300,000,000 KKR Auto East Rain KKR Auto Rundong Fortune Rundong Smart KKR Auto II II II KKR Auto KKR Auto 700,000,000 35% KKR Auto 280,000,000 26.1% KKR Auto 2.77 3.58 22.6% 3.78 26.7% 3.98 30.4% KKR Auto KKR Auto KKR Auto KKR Auto KKR China Auto Retail Holding Ltd I KKR China Auto Retail Holding Ltd I KKR China Growth Fund L.P. KKR China Growth Fund L.P. KKR Associates China Growth L.P. KKR Associates China Growth L.P. KKR China Growth Limited KKR China Growth Limited KKR Fund Holdings L.P. KKR Fund Holdings L.P. KKR Fund Holdings GP Limited KKR Group Holdings L.P. KKR Fund Holdings GP Limited KKR Group Holdings L.P. KKR Group 133

Holdings L.P. KKR Group Limited KKR & Co. L.P. KKR China Growth Fund L.P. Kohlberg Kravis Roberts & Co., L.P. KKR & Co. L.P. KKR & Co. L.P. KKR Auto KKR Auto KKR Auto (i) 28 (ii) HKEx- GL43 12 KKR Auto (iii) HKEx- GL44 12 KKR Auto KKR Auto KKR Auto 50% KKR Auto 10% KKR Auto 8.08 KKR Auto 134

1. 50,000 500,000,000 0.0001 KKR Auto Schnell International Allegro Auto Fresca International Presto Auto Vivace Auto 50,000 0.0001 Allegro Auto Fresca International Presto Auto Vivace Auto 10,000 10,000 1 Schnell Holding 10,000 10,000 1 Schnell International Schnell Holding 135

100% 100% 100% 100% 100% Schnell International Allegro Auto Fresca International Presto Auto Vivace Auto 100% 100% 100% 100% 100% Schnell Holding 2. KKR Auto KKR Auto 999,999 30,322,530 KKR Auto (i) (ii) 50 66.67 16.67 25% 25% 62.1% 12.9% 136

52.5 107.15 54.65 51% 51% 49% 100 204.09 104.09 51% 51% 49% (i) 46% 23 46% (ii) 5 % 2.5 5% 51% 49% 3. KKR Auto East Rain (i) East Rain East Rain 2,369,281 236.93 East Rain (ii) East Rain KKR Auto KKR Auto 19,677,470 KKR Auto 29.68% East Rain KKR Auto 70.32% 137

East Rain Cheerful Autumn East Rain East Rain 8. Wisdom 4. (i) Schnell Holding 66.67 158.67 Schnell Holding 25.38 16% 66.62 41.99% (ii) Schnell Holding Schnell Holding 15.38% 5.42% 24.40 15.38% 8.60 5.42% Schnell Holding 62.79% 26.5% 10.71% 5. KKR Auto East Rain (i) KKR Auto East Rain KKR Auto 15,405 20 KKR Auto (ii) Schnell Holding Schnell Holding 10.71% 138

98 Schnell Holding (iii) Schnell Holding 158.67 188.67 Schnell Holding 14.55 7.71% 15.45 8.19% (i) East Rain KKR Auto 70% 30% (ii) Schnell Holding 70% 30% 6. KKR Auto 0.0001 500 0.0000002 50,000 250,000,000,000 0.0000002 East Rain KKR Auto 137,581,722 58,963,667 28 12 East Rain KKR Auto Cheerful Autumn Rue Feng (i) KKR Auto 111,111,111 25 KKR Auto (ii) East Rain KKR Auto 22,222,222 5 KKR Auto East Rain KKR Auto 1,300,000,000 700,000,000 65% 35% 139

7. Spring Oasis Cayman Spring Oasis Cayman Spring Oasis Cayman Spring Oasis Cayman Spring Oasis Cayman (i) Spring Oasis Cayman 24,246,897.23 (ii) Spring Oasis Cayman 153,330,000 Spring Oasis Cayman 24,246,897.23 Spring Oasis Cayman Schnell Holding 188.67 341.9998 Spring Oasis Cayman 153.3298 44.83% Spring Oasis Cayman Schnell Holding 44.83% 38.62% 16.55% 8. Wisdom Wisdom 89,960,000 4.5% (1) Rundong Fortune Cheerful Autumn (2) Cheerful Autumn Rundong Fortune East Rain Rundong Fortune Cheerful Autumn East Rain Rundong Fortune 140

(3) East Rain(i) 0.9307 Rundong Fortune 9,307 (ii) 0.0692 Rundong Smart Rundong Wisdom Wisdom 692 East Rain Rundong Fortune Rundong Smart 93.08% 6.92% (4) East Rain East Rain Rundong Fortune Rundong Smart 1,300,000,000 65% East Rain Rundong Fortune KKR Auto Rundong Smart Wisdom 1,210,040,000 700,000,000 89,960,000 60.5% 35% 4.5% Rundong Fortune Rundong Smart (i) (ii) KKR Auto II 9. 50,000 250,000,000,000 0.0000002 10. 1,999,999,999 141

100% Rue Feng 100% Cheerful Autumn Rundong Wisdom 100% Rundong Fortune 100% Rundong Smart KKR Auto Runda (1) 58.3% 4.3% 33.8% 3.6% 100% 100% 100% 100% 100% 100% Schnell International Allegro Auto Fresca International Presto Auto Vivace Auto 100% Schnell Holding 100% 100% 100% 100% 100% Spring Oasis Cayman 44.83% 16.55% 51% 51% 51% 100% 38.62% 49% 49% 49% (1) Runda 73,750,000 142

11. Rundong Fortune Rundong Smart KKR Auto Rundong Fortune Rundong Smart KKR Auto 1,210,039,999 89,960,000 700,000,000 58.3% 4.3% 33.8% Rundong Fortune Rundong Smart KKR Auto 1,210,040,000 89,960,000 700,000,000 60.5% 4.5% 35.0% Runda (i) Runda 73,750,000 14.75 (ii) Runda 73,750,000 0.1429 Rundong Fortune Rundong Smart KKR Auto Runda 58.3% 4.3% 33.8% 3.6% 12. 0.0000002 0.0000005 (i) 250,000,000,000 2,073,750,000 0.0000002 100,000,000,000 0.0000005 829,500,000 0.0000005 (ii) Rundong Fortune Rundong Smart KKR Auto Runda 484,016,000 35,984,000 280,000,000 29,500,000 58.3% 4.3% 33.8% 3.6% 143

100% Rue Feng 100% Cheerful Autumn Rundong Wisdom 100% Rundong Fortune 100% Rundong Smart KKR Auto Runda (1) 58.3% 4.3% 33.8% 3.6% 100% 100% 100% 100% 100% Schnell International Allegro Auto Fresca International Presto Auto Vivace Auto 100% Schnell Holding 100% 100% 100% 100% 100% 100% (2) Spring Oasis Cayman 44.83% 38.62% 16.55% 51% 51% 51% 49% 49% 49% (2) (2) (2) (1) Runda 29,500,000 (2) 144

................ 10.............. 15 (100%) (100%).............. 20 (100%)........... 10........... 13........... 10........... 10 (100%) (100%) (100%) (100%)................ 10 (100%)................ 30................ 20.............. 10 (MINI) (90%) (10%) (100%) (100%)................ 3 (100%).............. 30.............. 12 100% 0.03% (b) 70% (b) (a) (b) (30%) 145

.............. 10.............. 10.............. 10.............. 10 (100%) (100%) (100%) (87%) (a) (13%).............. 10 (90%) (10%)................ 10 (100%)................ 10 (51%) (49%)................ 10.............. 10................ 10.............. 50.............. 12................ 10 MINI................ 10 (100%) (100%) (100%) (100%) (90%) (10%) (100%) (51%) (49%) 146

................ 20 (100%)........... 10 (100%)........... 0.5 (100%)................ 40 (100%)................ 5 (100%)................ 3................ 12 (100%) (100%)................ 10 (80%) (a) (20%).............. 3................ 21................ 20 MINI........... 10................ 13 (100%) (100%) (100%) (100%) (70%) (a) (30%) 147

................ 15.5................ 25................ 16 (100%) (66.67%) (33.33%) (100%)................ 1 (100%)....... 13........... 5........... 10........... 12......... 3........... 10........... 15 (100%) (100%) (90%) (a) (10%) (100%) (100%) (100%) (70%) (a) (30%) 148

........... 12 (51%) (a) (25%) (a) (10%) (a) (9%) (a) (5%)........... 15........... 12.............. 20................ 20................ 10................ 10................ 10 (70%) (a) (30%) (100%) (100%) (100%) (100%) (100%) (51%) (49%) (a) 149

(b) (i) (ii) (iii) 100%......... (a)......... (a)........ (a) (30%) (30%) (30%) 14.2 30% 100% 100% 100%......... (a) (10%) 1.2 100%......... (a) (26.77%) 3.48 100%......... (a) (34.8%) 3.48 100%......... (a) (34.8%) 3.48 100%... (a) (42.03%) 3.48 100%... (a) (42.03%) 3.48 100% 150

............ (a) 49% (a) 41% (90%) 9 100%.............. (a).............. (a).............. (a) (100%) (100%) (100%) 420 100% 100% 100%.............. (a) (100%) 100% (a) 37 151

37 Wisdom Wisdom 37 (a) (b) (i) (ii) (iii) 34 14 100% 6.52 8.54 152

i. ii. iii.............. 8,000 90%............. 10,000 17,039,000 22 153

............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ 22 22 22 10 22 22... 5,000... 5,000 10,000.................... (1) 8,000 154

.................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 8,280 8,280................ 10,500............ (1) 10,000.............. 12,000........ (1) 5,000........ 8,000........ 20,000..... 2,000 155

.................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 10,000........ 10,000........ 10,000........ (1) 10,000........ (1) 7,000........ 2,000........ (1) 2,000........ 20,000........ (1) 10,000 156

............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ (1) 198,287,000 22 (i) (ii) (iii) 7.61........... 8,000 7.61 157

.......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 10,000.......... 500.............. 500.............. 500.......... (1) 10,000.............. 12,500 (1) 43,294,000 158

1,000,000 99% 1% 99% 990,000 99% 1% 33.33% 66.67% 70% 30% 33.33% 66.67% 33.33% 30% 24 2,870,000 86,000 4,423,000 159

............. 1,000 (1) 50............. 10,000 (1) 16,000 (1) 160

5,000,000 10,000,000 10,200,000 5,000,000 12,000,000 10,200,000 (i) 13,260,000 (ii) 5,000,000 10,000,000 (i) (ii) (iii) (i) 5,000,000 10,000,000 9,000,000 53,000,000 (ii) 13,260,000 40,000,000 (a) (b) 161

0.11% 2.55% 0.71% Runda 100,000,000 5% Runda Runda 108 97,000,000 13 73,750,000 (i) Runda (ii) 95 Runda Runda 162

(iii) Runda 95 9,300,000 0.87% D. 1. 13 Runda (a) Runda (b) Runda 73,750,000 Runda 0.1429 Runda Runda (i)runda 14.75 Runda 14.75 (ii) 0.1429 Runda 163

73,750,000 29,500,000 Runda Runda 23,645,000 13.......... 14,900,000 5,960,000 4,777,092 1,182,908.......... 17,900,000 7,160,000 5,738,922 1,421,078............ 10,990,000 4,396,000 3,523,506 872,494............ 2,100,000 840,000 673,281 166,719.......... 14,900,000 5,960,000 4,777,092 1,182,908............ 3,000,000 1,200,000 961,831 238,169.......... 3,000,000 1,200,000 961,831 238,169.......... 3,000,000 1,200,000 961,831 238,169............ 600,000 240,000 192,366 47,634.......... 1,560,000 624,000 500,152 123,848.......... 600,000 240,000 192,366 47,634.......... 600,000 240,000 192,366 47,634.......... 600,000 240,000 192,366 47,634 164

Rue Feng 1 Cheerful Autumn Cheerful Autumn 1 Rue Feng Cheerful Autumn East Rain Rue Feng Cheerful Autumn East Rain (i) East Rain Cheerful Autumn Rue Feng Rue Feng (ii) Rue Feng Cheerful Autumn East Rain Yang Zhiqing 30% 165

Rundong Fortune Cheerful Autumn Wisdom Rue Feng Cheerful Autumn Rundong Fortune WISDOM Rundong Wisdom 1 Rundong Wisdom Rundong Smart 1 Rundong Wisdom Rundong Smart Rundong Wisdom Wisdom Wisdom Wisdom Rundong Smart Wisdom Wisdom Wisdom Rundong Wisdom Wisdom Rundong Smart Wisdom 89,960,000 4.5% 166

100% Rue Feng 100% Cheerful Autumn 100% Rundong Fortune 45.0% Rundong Wisdom 100% Rundong Smart KKR Auto Runda (2) 3.3% 26.1% 0.6% 25.0% 100% Schnell International Allegro Auto 100% 100% 100% 100% 100% 100% Fresca International Presto Auto Vivace Auto 100% 100% 100% Schnell Holding 100% 100% 38.62% 100% Spring Oasis Cayman 44.83% 16.55% 49% 49% 49% 51% 51% 51% (1) (1) (1) (1) (2) Runda 5,855,000 167

MINI 51 15 4S MINI 28 21 168

51 28 54.9% 16MINI 10 MINI CRM CRM CRM CRM 6,017.4 55.9% 9,383.8 23.5% 11,587.8 2,395.0 62.5% 3,891.3 29.3% 67.8% 70.0% 73.7% 90.4 0.9% 91.2 172.3% 248.4 29.2 243.7% 100.2 169

30.4% 37.4% 10 33.8% 9.6% 8.7% 2.0% 7.5% 170

28.8% 4 18 34 220 1,034 1,409 3,857 1,929 1,484 1,037 % % % %................ 6.1 446.6 474.4 6.2 29.7 44.9 51.6 9.1......................... 6.9 255.6 271.5 6.2 25.3 31.3 23.6 7.8 171

% % % %........................ 17.9 104.5 126.7 21.3 8.9 14.0 57.0 24.1................................. 18.1 60.8 74.4 22.4 6.8 9.2 36.0 23.8 519.2 558.1 7.5% 121.5 142.9 17.6% 529.3 668.5 26.3% 154.2 233.3 51.3%........... 1 1 1 1.................... 1 1 1 1........................ 13 10 3 13 MINI.................. 2 2 MINI........................ 1 1 1.................. 4 4 1 4........................ 2 1 1 3.................... 1 1 1.................... 2 2 2.......................... 4 24 21 6 28 172

MINI 65.4% 68.4% 74.0% 71.6% 18.8% 11.0% 51 28 54.9% 16 MINI 10 MINI MINI 173

CRM ERP CRM CRM CRM CRM CRM CRM x CRM Bitauto.com Autohome.com.cn Pcauto.com.cn Xcar.com ios CRM ERP CRM CRM CRM 146,000 186,000 283,000 184,000 275,000 174

CRM 548.7 30.6% 716.8 55.9 % 1,117.6 216.5 81.5% 393.0 49.1 134.6 % 115.2 33.6 % 153.9 36.3 34.3% 48.7 16 175

10 14 Kohlberg Kravis Roberts & Co. L.P. KKR KKR KKR 1,023 KKR 235 4,900 176

ERP CRM 177

MINI 51 15 4S 28 51 28 54.9% 16 MINI 10 MINI % % % % %.................... 5,468,680 90.9 8,667,015 92.4 10,470,268 90.4 2,178,459 91.0 3,498,235 89.9............. 548,728 9.1 716,794 7.6 1,117,570 9.6 216,536 9.0 393,019 10.1........................ 6,017,408 100.0 9,383,809 100.0 11,587,838 100.0 2,394,995 100.0 3,891,254 100.0 178

(i) (ii) (11) (46) (8) (1) C (3) (1) (3) (3) / MINI (1) (1) E (1) A (1) (1) (1) (36) (1) (6) A / MINI (2) C (1) (1) (2) (1) (3) B / (2) C (2) (2) (3) (3) B / (1) / (2) (2) (1) (1) (10) (7) D (2) (1) (3) (3) (1) MINI (1) (1) (5) (3) (2) (1) (2) (1) A (1) 51 36 51 43 179

1............ (1) 2............ 3S (2) MINI 3.............. 4S 4.............. 5.............. 4S 6.............. 4S 7............ 4S 8............ 4S 9.............. 4S 10.............. 4S 11.......... 4S 12.............. 5S 13.............. 4S 14.............. 4S 15.............. 4S 16.............. 4S 17. (3)......... MINI 18............ 4S 19. (4)........... 4S 20.............. 4S 21.............. 4S 22............ 4S 23.............. 4S (5) 24.............. 4S (5) 25.............. 4S (5) 26.............. 4S 27.............. 4S 28............ 4S 180

29.......... 4S 30.......... 4S 31.......... 4S 32.......... 4S (6) 33.......... 4S 34.......... 4S 35.......... 4S 36.............. 4S 37.......... 4S 38.......... 4S (7) 39.......... 4S (7) 40............ 4S (7) 41..... 4S 42.............. 43.............. 44.......... 4S 45............ 4S 46.......... 4S 181

47............ 4S 48. 49. 50.............. 4S 51.............. (1) (2) (3) 4S 4S (4) 4S 4S 4S 4S (5) (6) (7) 182

4S (1)..................... 1 1 1......................... 2 3 5 3 8 5 13 13 MINI................... 2 2 2 2 2 MINI......................... 1 1 1 1................... 1 1 2 3 3 3..................... 1 1 1 1 1..................... 1 1 1 2 2......................... 3 3 3..................... 1 1 1..................... 1 1......................... 1 1........................... 4 7 2 9 8 17 10 1 26 26..................... 26 4 9 21 3 1 23 2 2 23 23........................... 30 11 11 30 11 1 40 12 3 49 49 (1) 4S 4S 183

15 1......... 3S 2....... 4S 3......... 4S 4......... MINI 5S 5......... 4S 6......... 4S 7....... 4S 8................ 4S 9....... 4S 10......... 4S 11......... 12......... 13................ 14......... 15......... 13 13 184

30 200 (i) (ii) (iii) (iv) 544.9 15 4S 540.2 (i) (ii) 30 110 15 54 185

500,000 186

...... bitauto.com............ bitauto.com.......... (BMW Excellent Brand Architecture)............................ cnautonews.com 100................... cnautonews.com CRM........................................................................ 187

90.9% 92.4% 90.4% 89.9% % % % % % MINI....... 1,527,156 27.9 3,054 4,453,088 51.4 10,450 5,389,951 51.5 12,801 1,091,496 50.1 1,709,463 48.9........ 2,221 0.0 2 1,165,831 13.4 1,562 1,407,391 13.5 2,032 347,646 16.0 517,197 14.8 (1)............. 73,872 1.4 178 255,573 3.0 649 526,870 5.0 1,430 47.945 2.2 351,538 10.0................ 1,603,249 29.3 3,234 5,874,492 67.8 12,661 7,324,212 70.0 16,263 1,487,087 68.3 2,578,198 73.7.......... 3,865,431 70.7 32,728 2,792,523 32.2 24,107 3,146,056 30.0 27,118 691,372 31.7 920,037 26.3................ 5,468,680 100.0 35,962 8,667,015 100.0 36,768 10,470,268 100.0 43,381 2,178,459 100.0 3,498,235 100.0 (1) (i) (ii) 29.3% 67.8% 70.0% 73.7% 266.4% 24.7% 7,324.2 1,487.1 73.4% 2,578.2 291.5% 28.4% 79.7% 188

344.4 780.6 936.5 289.5 75.4% 122.8% 93.4% 77.3% 189

548.7 716.8 1,117.6 393.0 9.1% 7.6% 9.6% 10.1% 197.0 233.8 457.8 173.4 43.1% 36.8% 45.7% 46.3% 10% 190

CRM 24 100,000 150,000 36 60,000 24 50,000 191

5,000 10,000 10,000 192

..................... 5 GT..................... 5 6 7..................... X5 3.0..................... 5 GT 7 X5 X6..................... 5 6 5..................... X6 7 X5..................... 3 Z4..................... 3 X1..................... X5..................... 3..................... 5..................... 5..................... F12..................... 1 3 5 X1 X3 Z4..................... X3..................... 7..................... XJ..................... XK XF..................... XF..................... XF XJ.......................................... 2.......................................... 2.......................................... 2..................... 2 MINI..................... MINI Cooper S MINI Cooper S Clubman MINI Cooper Cabrio MINI Cooper S Countryman 193

MINI..................... MINI Cooper S Clubman Cabrio Countryman..................... A3..................... A1 A3..................... S6 S7..................... A1 A3................. RX300 RX350................. RX300................. IS................. RX400h................. SRX................. SRX................. SRX.......................................................................................................................................................................... CR-V.................................. CR-V................. CR-V................. CR-V................. CR-V................. CR-V................. CR-V........................................................................ RAV4..................... RAV4............................................................... FJ................................................................................ RAV4 194

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