Similar documents


目 錄 頁 次 釋 義 董 事 會 函 件 言

4. 27(2) ,000,000 1,000,000,

4. 27(2) ,000,000,




I-1...

i

Jiayuan International Group Limited , ,787, % 52% , , % % 3,

目 錄 公 司 資 料 釋 義 財 務 概 要 集 團 架 構 行 政 總 裁 報 告 管 理 層 討 論 及 分 析 董 事 及 高 級 管 理 層 簡 介 企 業 管 治 報 告 董 事 會 報 告 獨 立 核 數 師 報 告 經 審 核 財 務 報 表

4 37,919 40,859 6 (1,752) (10,323) 36,167 30,536 35,919 30, (430) 36,167 30,


cover-C- FINAL.ai

A 20%



18,840,000 16,320, %(i) (ii) 30,520,000 11,170,000 (i) (ii) 2



, ,171 (188,495) (213,231) 435, , ,024 30,302 (305,546) (319,034) (56,225) (69,190) (1,876) (1

4 3,379,679 3,207,224 (2,574,040) (2,479,550) 805, , ,999 66,818 (435,016) (374,193) (90,274) (97,935) (138) (157) 5 367, ,207 6 (7

untitled

書冊1.indb


C110122D_Vitar.indb

Glorious Property Holdings Limited ,374 1, , % 1, ,895 1





% %

,706 14,252 2, % 69.5% 77.4% 15 2

JIA YAO HOLDINGS LIMITED [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ][ ] 1% 0.003% 0.005% 0.01 [ ] [ ] [ ] C [ ] S [ ] [ ] [ ] [ ] [ ] [ ][ ] [ ][ ] [ ]

REDCO PROPERTIES GROUP LIMITED % 1, % 1, % , %

REDCO PROPERTIES GROUP LIMITED % 3, , % % 20.5%

untitled


85,426,000 39,437,000 45,989, % 30,643,000 (79,340,000 ) 48,697, % 8,794,000 6,086,000 2,708, % 7,171,000 25,573,000 18,402,000 7


3 707, ,007 (411,337) (371,384) 296, , ,184 4,764 (2,789) (2,194) (69,458) (32,844) (1,595) (73) 4 (102,545) (109,848) (107) 8 125,1

, ,225 (162,513) (158,904) 76,828 69, ,552 2, ,625 (27,890) (21,426) (21,265) 8 (1,689) (1,113) 29

,801,000 1,473,691 20,764 12,778 (548,084) (452,982) (483,269) (395,241) (97,289) (66,548) (278,473) (209,777) (85,45

5 11,949,401 14,705,163 (10,285,277) (9,119,336) (4,000,836) (3,078,877) (5,859,443) (6,090,711) (924,836) (795,886) (8,236,323) (11,529,150) 391,234

: O16

書冊392.indb

untitled

ø< ø~ *ø< #+< #ø< * # + ø ~ < FCCA, CPA Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY Cayman Islands Codan Tru

: 1966.HK 2017

7 1,142, ,713 9 (920,417) (795,244) 221, , ,013 2, ,593 42,664 9 (52,237) (39,466) 9 (77,748) (77,768) 112,236 76,

China ZhengTong Auto Services Holdings Limited , % 2, % 12.3% % 4,156 8, %

i


UKF (HOLDINGS) LIMITED Kopenhagen Fur Auction 2,000,000 50% 75% 1


C Ann.indd

,787,321 6,292,569 (3,178,103) (3,422,560) 2,609,218 2,870, ,824 85,775 (1,766,182) (2,108,497) (477,730) (536,273) (79,000) (98,0

, ,451 6,960 13,753 (270,195) (277,870) (263,052) (243,969) (55,147) (46,161) (147,150) (135,197) (47,944) (4

c01368.pdf

Chi.indb

4 422, ,872 (421,324) (642,374) 1,472 77, ,552 76,388 6 (1,536,513) (511,793) (50,825) (48,211) (271,931) (380,172) (6,591) (3,391) (59,3

,881,477 2,114,317 8 (2,384,197) (1,630,089) 497, ,228 4,966 6, ,106 20,908 8 (28,402) (24

Hao Wen_C_AR.indb


( ) :


untitled

,880,792 6,816,599 (4,761,690) (3,653,395) 4,119,102 3,163, ,622 65,686 (2,451,503) (1,951,137) (630,180) (608,809) 9 (165,361) (1

i

Kingwell_C_MT Cir.indb

3 51,115,551 37,662,173 14,041,946 14,048,008 (12,294,931) (13,969,624) (4,241,232) (5,114,524) 38,820,620 23,692,549 9,800,714 8,933,484 3,648,828 52

公 司 簡 介


2018 Hope Education Group Co., Ltd

(CG Service)(chi) IR.indb


, ,841 6,987 5,843 (249,969) (250,800) (280,359) (257,471) (53,934) (53,676) (157,644) (166,844) (45,059) (43,359)


China Water_C_GM Cir.indb



,473,691 1,084,415 12,778 5,804 (452,982) (331,973) (395,241) (286,732) (66,548) (40,851) (209,777) (152,944) (66,423

Billion_C_GM Cir.indb

2,053, ,367 2,410, , , , , , , ,360 97, ,920 6,370,055 5,700,000 5,853,

1

2

4 3,237, ,103 (2,173,296) (37,798) 1,064,381 66, ,556 8, , (34,716) (29,053) (207,787) (52,801) 7 (97,726) (18,294) 13 (954

% (EBITDA) % % %


2011 1

星辰通信國際控股有限公司

... ii I-1... II-1... III-1 i


14641_C Sino Haijing 17 AR.indb


C Ann.indd


7,590 7,723 (1,436) (1,558) 6,154 6,165 (774) (2,155) 5,380 4,010 23,981 29,361 4,010 5,672 2,912 (292) 1,098 5,380 4,

C Ann.indd

Transcription:

Stock Code1728 2014 ANNUAL REPORT

2 3 4 8 20 30 32 48 50 51 52 53 54 55 57 120

4S MINI 2014 12 31 15 37 105 2 2014

2010 2011 2012 2013 2014 8,034,249 14,443,927 27,649,440 29,840,269 30,910,087 390,023 748,832 915,111 1,206,330 1,175,055 (90,571) (187,016) (281,520) (352,132) (351,517) 299,452 561,816 633,591 854,198 823,538 276,004 524,045 604,467 837,390 803,792 23,448 37,771 29,124 16,808 19,746 299,452 561,816 633,591 854,198 823,538 2010 2011 2012 2013 2014 6,732,293 15,989,422 16,942,232 19,115,791 22,182,690 (2,659,302) (9,667,503) (10,141,645) (11,477,704) (13,885,582) 4,072,991 6,321,919 6,800,587 7,638,087 8,297,108 4,014,783 6,210,404 6,708,738 7,543,262 8,172,075 58,208 111,515 91,849 94,825 125,033 4,072,991 6,321,919 6,800,587 7,638,087 8,297,108 2014 3

2014 2014 GDP7.4% 12.0% 10.9% 10.1% 8.0% 2014 1,970 10 2014 578,932 2013491,98917%MINI455,9792013390,713 17% 281,5882013218,04529% 122,010201395,23728%81,2212013 61,14633% 6 2014

20141.54 12.4% 2014 2015 3 30 2014 7

20142014 12 31 30,910 3.6% 2,726 5.3% 80436.4 2014 87,892 9.8%59,613 9.6% 27,130 2.0% 10 2014

2014 2014 3,180 14.3% 1,507 19.4% 2013 45.4% 47.4% 2014 2014 2014 11

2014 422 41.1% 2013 2014 2015 3 2014 11 11 2014 12 2014

13 MINI 4S 2 2014 12 31105153722 85%28 2014 12 31 5S/4S/3S 66 22 88 4S 16 0 16 19 0 19 4 1 5 0 3 3 0 2 2 105 28 133 28 20152 4S1 3S 3 2015 2014 13

11 1 : 1 2 : 4 MINI : 1 : 2 : 1 : 2 : 1 10 : 5 : 1 : 4 1 : 1 : 2 2 6 : 3 MINI : 1 : 1 : 1 39 : 1 : 3 MINI : 3 : 2 : 9 : 7 : 1 : 2 : 1 : 1 : 3 : 2 : 1 : 2 : 1 1 : 1 : 1 : 1 5 : 1 : 1 : 2 : 1 16 : 6 MINI : 2 : 2 : 2 : 1 : 1 : 1 : 1 2 : 1 : 1 7 1 : 1 : 4 : 1 : 1 : 1 1 : 1 2014 12 31 105 14 2014

2014 12 3130,910 201329,840 3.6%2014 12 312013 23,494 23,618 0.5%201388.3%87.1% 2013 2,334 2,727 16.8% 85.8% 2014 2013 23,618,480 23,493,902 3,511,637 3,100,723 27,130,117 26,594,625 2,727,411 2,333,533 452,273 449,297 3,179,684 2,782,830 600,286 462,814 30,910,087 29,840,269 2014 12 31 28,185 2013 27,252 3.4% 2014 12 312,726 2013 2,5885.3% 2013 1,263 1,1399.8% 2013 1,262 1,50719.4% 2013 48.8% 55.3% 2013 1,2251,086 1,227 2013 1,062 15.5% 2014 15

2014 12 318.8%20138.7%, 0.1 4.2% 20134.7%4.6% 20135.2% 2014 47.4% 201345.3% 2014 12 31 818 2013 698 17.2% 2014 12 31771 2013 58132.7% 2014 12 311,629 2013 1,674 2.7%5.3%20135.6%0.3 2014 12 31 35229.9% 2014 12 31824 2013 8543.5% 2.7%20132.9% 0.2 2015 5 222015 2014 12 31 0.10 2015 6 3 2015 2014 12 31 32 16 2014

2014 12 31 12,282 2013 12 3110,313 1,969201420152014 2014 12 31 10,950 2013 12 31 8,205 2,7452014 12 31 1,332 2013 12 31 2,108 2014 12 31 1,435 2013 12 311,468 33 2014 12 318742013 12 31 1,271 20142015 2014 2014 12 31 1,75320131,198 2014 12 31 4,3462013 12 31 2,528 1,8182014 20152014 12 31 2014 2013 44.5 38.8 2014 17

2014 12 31 3,1291,694 2013 12 313,014115 2014 12 31 6,3802013 12 31 5,2952014 12 315,062 2014 12 31 39.2% 2013 12 3129.9% 2014 12 31 4,3642013 12 312,795 2014 12 31 2014 12 318,9772013 12 317,903 31 18 2014

(1) 2015 2 2012 9 172012 2010 11 29 2012 (2) 2015 3 5 4.75 95% 0.25 5% 2014 19

2014 12 31 14 2014 12 31 A.6.7 2015 3 30 2014 10 2014 12 31 20 2014

2015 3 30 2014 12 31 2014 21

2015 2015 2015 2015 4 22 2015 2013 9 22 2014

2014 12 6 2015 3 30 2014 2014 2015 3 30 0/1 1/4 1 1/1 5/5 2/2 1/1 1/1 4/5 1/2 1/1 0/1 3/5 2/2 1/1 1/1 1/1 5/5 1/1 1/1 5/5 0/1 3/5 1/1 5/5 1/1 1. 2015 3 30 2014 23

2014 12 31 5 2013 12 312014 6 30 14 3 2014 12 31 2014 12 31 8 9 24 2014

2014 12 31 1,000,000 1,500,000 1 2014 12 31(1) (2) (3) 2014 2014 25

2014 12 31 (i)2013 12 31 2014 6 30 (ii) (iii) (iv) 2014 12 31 2014 12 31 (a) (b) (c) (d) (e) 26 2014

48 2014 12 31 6,800,000 6,800,000 2014 12 31 2014 27

http://www.zhengtongauto.com 15 O 1. 2. 99 59 5905 ir@zhengtongauto.com 3. 4. 21 28 2014

1. 99 59 5905 2. 3. (a) 1410 (b) 2110 99 59 5905 ir@zhengtongauto.com 183 17 1712 1716 2014 29

642010 7 9 2013 8 28 2015 3 30 1996 1999 432010 7 20 2006 19972006 452010 7 201999 21 44 2010 8 72011 3 12 2010 11 172011 3 122009 19 402011 8 182012 6 1 2011 7 20042011 1997 2003 54 2010 11 17 1199 1996 7 (2009 2014) (2007 2013) 30 2014

(OECD) 1992Andrews University2007 2208 I.T Limited0999 8233 2004 122013 70319 2013 73 2013 12 19 19862005 MBA 69 2013 12 19 1992 2011 42014 5 422004 13 2014 31

2014 12 31 17 17 2014 12 31 2015 5 222015 2014 12 31 0.10 2015 6 3 2015 2015 5 20 2015 5 222015 6 1 2015 6 3 2015 2015 5 19 183 17 1712 1716 2015 2015 5 29 3 13 32 2014

29 2014 12 31 1.10% 1.95% 17.87% 78.46% 2014 12 315% 26 1,500 803.82013 837.4 2014 12 31 4,092,682,0002013 12 31 4,216,305,000 0.10 0.08 20130.10 0.08 174,351,0002013 173,754,000 2015 3 30 2015 2015 2014 33

2015 3.13 2014 7 2014 7 2014 7 14 2014 12 31 201414A 34 2014

(A) 35 1. 2010 11 171 2. 2010 11 171 3. 2010 11 171 4. 2010 11 171 5. 2010 11 17 1 2014 35

(i)2014 12 31 (ii) (iii) 2015 1 80% 10% 2012 9 172012 2010 11 29 2012 (B) (1) 1. 100%14A.11(4) 2. 14A.11(4) 3. 14A.11(4) 4. 14A.11(4) 5. 14A.11(4) 36 2014

6. 90% 10% 14A.11(4) 7. 14A.11(4) (2) 2010 11 29 2010 69 2013 5 9 2014 5 31 2015 12 31 2013 9 30 2013 9 30 2015 12 31 a 1. 2010 6 1 543,000.00 2010 6 12013 5 31 2013 5 31 545,175.00 2013 6 12014 5 31 2014 5 30 594S 656,490.00 2014 6 12015 12 31 2. 2010 8 1 126,000.00 2010 8 12013 7 31 2013 8 1 176,688.76 2013 8 12014 5 31 2014 5 30 6 4S 176,688.76 2014 6 12015 12 31 3. 2010 8 1 176,000.00 2010 8 12013 7 31 2013 8 1 249,540.96 2013 8 12014 5 31 2014 5 30 6 4S 249,540.96 2014 6 12015 12 31 2014 37

a 4. 2010 8 1 525,000.00 2010 8 12013 7 31 2013 8 1 997,373.05 2013 8 12014 5 31 2014 5 30 6C2 997,373.05 2014 6 12015 12 31 5. 2010 8 1 125,000.00 2010 8 12013 7 31 2013 8 1 179,069.63 2013 8 12014 5 31 2014 5 30 5C2 179,069.63 2014 6 12015 12 31 6. 2010 9 30 13,000.00 2010 9 302013 9 29 2013 9 30 15,598.00 2013 9 302015 12 31 c 404Sb 7. 2010 9 30 175,000.00 2010 9 302013 9 29 2013 9 30 191,526.00 2013 9 302015 12 31 6884S c 8. 2010 9 30 78,000.00 2010 9 302013 9 29 2013 9 30 126,344.00 2013 9 302015 12 31 c 424S 9. 2013 9 30 591 25 651,169.00 c 2013 9 302015 12 31 10. 2013 9 30 775,549.00 2013 9 302015 12 31 c 42 11. 2013 9 30 905,078.00 2013 9 302015 12 31 c 42 12. 2013 9 30 1,261,341.00 2013 9 302015 12 31 c 38 2014

a. 2020 b. 40 c. (3) 20,11359 4S 12 5 2013 9 30 20,1132013 9 30 2015 12 31 2013 9 30 222,651 2,038,457.4 15%20% (4) 2014 12 31 20152016 12 31 79.2 80.2 80.7 2014 12 3173.7 (5) 1 2 6 7 8 9 10 11 12 4S 34S 4 5 14A.56 2014 12 31 2015 3 30 14A.56 2014 39

(a) (b) (c) (A) 2010 11 17 2010 12 10 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 40 2014

10%200,000,000 9.05% 12 1% 12 0.1% 5 21 1 10 (i) (ii) (iii) 2020 11 16 (B) 2010 8 92010 11 17 2010 8 102010 8 202010 11 10 23,435,900 2014 41

2014 12 31 2014 1 1 2014 12 31 10/8/2010 1.50 01/01/2012 10/08/2017 205,000 0 0 0 205,000 10/8/2010 1.50 01/01/2013 10/08/2017 512,500 0 0 0 512,500 10/8/2010 1.50 01/01/2014 10/08/2017 512,500 0 0 0 512,500 1,230,000 0 0 0 1,230,000 10/8/2010 1.50 01/01/2012 10/08/2017 205,000 0 0 0 205,000 10/8/2010 1.50 01/01/2013 10/08/2017 512,500 0 0 0 512,500 10/8/2010 1.50 01/01/2014 10/08/2017 512,500 0 0 0 512,500 1,230,000 0 0 0 1,230,000 2,460,000 0 0 0 2,460,000 10/8/2010 1.50 01/01/2012 10/08/2017 240,050 0 0 16,420 223,630 10/8/2010 1.50 01/01/2013 10/08/2017 1,083,375 0 0 79,300 1,004,075 10/8/2010 1.50 01/01/2014 10/08/2017 2,238,375 0 0 79,300 2,159,075 3,561,800 0 0 175,020 3,386,780 10/8/2010 2.00 01/04/2012 10/08/2017 216,200 0 0 0 216,200 10/8/2010 2.00 01/04/2013 10/08/2017 183,500 0 0 0 183,500 10/8/2010 2.00 01/04/2014 10/08/2017 183,500 0 0 0 183,500 583,200 0 0 0 583,200 10/8/2010 2.50 01/07/2012 10/08/2017 0 0 0 0 0 10/8/2010 2.50 01/07/2013 10/08/2017 0 0 0 0 0 10/8/2010 2.50 01/07/2014 10/08/2017 0 0 0 0 0 0 0 0 0 0 20/8/2010 2.50 01/07/2012 20/08/2017 17,400 0 0 17,400 0 20/8/2010 2.50 01/07/2013 20/08/2017 43,500 0 0 43,500 0 20/8/2010 2.50 01/07/2014 20/08/2017 43,500 0 0 43,500 0 104,400 0 0 104,400 0 17/11/2010 2.50 01/07/2012 17/11/2017 26,000 0 0 0 26,000 17/11/2010 2.50 01/07/2013 17/11/2017 13,000 0 0 0 13,000 17/11/2010 2.50 01/07/2014 17/11/2017 13,000 0 0 0 13,000 52,000 0 0 0 52,000 4,301,400 0 0 279,420 4,021,980 6,761,400 0 0 279,420 6,481,980 42 2014

2014 12 31XV 352 (i) The Grand Glory 1,372,516,820 1 62.10% 1,230,000 2 0.056% 1,550,000 3 0.070% 1. Joy Capital Holdings LimitedJoy Capital Joy Capital Grand Glory Enterprises LimitedGrand Glory The Grand GloryThe Grand Glory J.P. Morgan Trust Company (Bahamas) Limited The Grand Glory 2004 (Purpose Trust Act 2004) The Grand Glory 2. (i) 50%2012 1 12017 8 10(ii) 25%2013 1 1 2017 8 10 (iii) 25%2014 1 12017 8 10 1.5 3. 1,550,000320,000 1,230,000 (i) 50%2012 1 12017 8 10(ii) 25% 2013 1 12017 8 10 (iii) 25% 2014 1 12017 8 10 1.5 2014 43

(ii) Joy Capital The Grand Glory 1 100% 2 3 80% 1. Joy Capital1,372,516,820Joy CapitalGrand Glory The Grand GloryThe Grand Glory J.P. Morgan Trust Company (Bahamas) Limited The Grand Glory 2004(Purpose Trust Act 2004) The Grand Glory 2. 2010 11 29 2015 1100% 3. 80%100% 2014 12 31 44 2014

2014 12 31 336 Joy Capital 1 1,372,516,820 62.10% Grand Glory 1 1,372,516,820 62.10% GMT Capital Corp. 2 111,595,000 5.05% 1. Joy Capital1,372,516,820Joy CapitalGrand Glory The Grand GloryThe Grand Glory J.P. Morgan Trust Company (Bahamas) Limited The Grand Glory 2004(Purpose Trust Act 2004) The Grand Glory 2. GMT Capital Corp. 2014 3 25GMT Capital Corp.111,595,000 GMT Capital Corp.100%Bay II Resource Partner LP Bay Resource Partners LP Bay Resource Partners Offshore Master Fund Lyxor/Bay Resource Partners Thomas Claugus 2014 12 31 Grand Glory Enterprises LimitedGrand Glory Joy Capital Holdings LimitedJoy Capital 2010 11 17Grand Glory Joy Capital 2014 45

2014 12 31 2014 12 31 2014 12 31 23 8 9 2014 12 31 14 46 2014

2014 12 31 2015 2015 2015 3 30 2014 47

50 119 2014 12 31 48 2014

2014 12 31 10 8 2015 3 30 2014 49

2014 12 31 12 31 2014 2013 4 30,910,087 29,840,269 (28,184,536) (27,251,912) 2,725,551 2,588,357 5 450,403 323,078 5 41,479 41,799 (817,648) (697,787) (770,700) (581,447) 1,629,085 1,674,000 6(a) (478,100) (489,335) 24,070 21,665 6 1,175,055 1,206,330 7(a) (351,517) (352,132) 823,538 854,198 803,792 837,390 19,746 16,808 823,538 854,198 11 36.4 37.9 36.3 37.8 57 119 50 2014

2014 12 31 12 31 2014 2013 823,538 854,198 698 (5,386) 698 (5,386) 824,236 848,812 804,490 832,004 19,746 16,808 824,236 848,812 57 119 2014 51

2014 12 31 12 31 2014 2013 13 2,756,242 2,283,436 14 1,084,915 416,381 15 3,875,351 3,974,260 16 1,926,551 1,926,551 18 186,772 162,702 3,200 3,200 28 67,180 36,270 9,900,211 8,802,800 19 4,346,017 2,528,302 20 4,807,401 4,770,851 21 1,662,771 1,527,283 31,207 18,291 22 1,435,083 1,468,264 12,282,479 10,312,991 23 4,347,831 2,941,676 24 5,826,051 4,628,256 7(c) 776,580 635,535 10,950,462 8,205,467 1,332,017 2,107,524 11,232,228 10,910,324 23 333,489 25 2,031,803 2,019,845 28 903,317 918,903 2,935,120 3,272,237 8,297,108 7,638,087 29 188,776 188,776 7,983,299 7,354,486 8,172,075 7,543,262 125,033 94,825 8,297,108 7,638,087 2015 3 30 57 119 52 2014

2014 12 31 12 31 2014 2013 13 399 593 17 6,264,268 6,365,365 6,264,667 6,365,958 20 36,038 30,707 22 14,448 97,459 50,486 128,166 23 67,326 24 1,892 1,872 1,892 69,198 48,594 58,968 6,313,261 6,424,926 25 2,031,803 2,019,845 2,031,803 2,019,845 4,281,458 4,405,081 29 188,776 188,776 4,092,682 4,216,305 4,281,458 4,405,081 2015 3 30 57 119 2014 53

2014 12 31 29(c) 29 (d)(i) 29 (d)(ii) 2013 1 1 188,666 4,544,907 336,268 139,555 11,040 4,459 1,483,843 6,708,738 91,849 6,800,587 110 3,858 (1,776) 2,192 2,192 (5,386) 837,390 832,004 16,808 848,812 328 328 328 29(b) (13,832) (13,832) 82,887 (82,887) 2013 12 31 2014 1 1 188,776 4,548,765 334,820 222,442 5,654 4,459 2,238,346 7,543,262 94,825 7,638,087 29,500 29,500 698 803,792 804,490 19,746 824,236 (319) (319) (319) 29(b) (175,358) (175,358) (19,038) (194,396) 73,863 (73,863) 2014 12 31 188,776 4,548,765 334,501 296,305 6,352 4,459 2,792,917 8,172,075 125,033 8,297,108 57 119 54 2014

2014 12 31 12 31 2014 2013 1,175,055 1,206,330 6(c) 230,278 191,523 6(c) 15,840 8,255 6(c) 98,909 98,909 5 (25,606) (30,516) 6(a) 478,100 489,335 (24,070) (21,665) 5 (23,609) (15,742) 27 (319) 328 1,924,578 1,926,757 (1,817,715) 741,250 (29,646) (1,731,569) (135,488) (233,071) 1,189,428 715,039 1,131,157 1,418,406 7(c) (256,968) (146,945) 874,189 1,271,461 (1,030,075) (1,016,109) 391,318 273,812 (684,374) (125,032) (3,200) (12,916) (14,191) 23,609 15,742 (1,312,438) (868,978) 57 119 2014 55

2014 12 31 12 31 2014 2013 9,023,840 7,346,743 (7,951,174) (8,971,653) 25 2,020,969 2,192 29,500 29(b) (19,038) (13,832) 29(b) (175,358) (519,638) (513,535) 388,132 (129,116) (50,117) 273,367 1,468,264 1,202,800 16,936 (7,903) 22 1,435,083 1,468,264 57 119 56 2014

1 2010 7 9 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 4S 2 (a) 622 911 76 87 32 3 (b) 2014 12 31 35 2014 57

2 (c) 2(i) (d) 2(i) 58 2014

2 (d) (e) (i) (ii) (ii)(i) 2(i) (f) 2(i) 2(t) 2014 59

2 (f) 30 40 5 10 5 5 2(i) (g) 2(i) 40 1-10 60 2014

2 (h) (i) (ii) 2(i) (iii) (i) (i) 2014 61

2 (i) (i) (ii) 62 2014

2 (i) (ii) (j) (k) 2(i) 2014 63

2 (l) (m) (n) (o) (i) (ii) (iii) 64 2014

2 (o) (p) (iii) 2014 65

2 (p) (q) (r) (i) 66 2014

2 (r) (ii) (iii) (iv) (v) (vi) (vii) (s) 2014 67

2 (t) (u) (i) (1) (2) (3) (ii) (1) (2) (3) (4) (5) (6) (i) (7) (i)(1) 68 2014

2 (v) 3 10 12 27 32 36 39 21 4 12 31 2014 2013 27,130,117 26,594,625 806,673 511,536 2,373,011 2,271,294 297,380 199,407 302,906 263,407 30,910,087 29,840,269 2014 69

5 12 31 2014 2013 421,798 298,918 23,609 15,742 4,996 8,418 450,403 323,078 25,606 30,516 15,873 11,283 41,479 41,799 6 12 31 2014 2013 (a) 469,313 475,819 (i) 50,325 37,716 * (41,538) (24,200) 478,100 489,335 * 4.50 8.20%20134.50 8.25% (b) 617,417 521,519 (ii) 42,638 32,176 27 (319) 328 659,736 554,023 70 2014

6 (i) (ii) 12 31 2014 2013 (c) 19(b) 27,764,174 26,947,997 230,278 191,523 15,840 8,255 98,909 98,909 231,860 180,424 16,270 (67,996) 6,800 6,400 7 (a) 12 31 2014 2013 398,013 387,516 28 (46,496) (35,384) 351,517 352,132 (i) (ii) (iii) 25% 201325% 2014 71

7 (b) 12 31 2014 2013 1,175,055 1,206,330 25% 293,764 301,582 50,021 55,978 (6,018) (5,416) 13,750 (12) 351,517 352,132 (c) 12 31 2014 2013 635,535 394,964 398,013 387,516 (256,968) (146,945) 776,580 635,535 72 2014

8 62211 78 32161 2014 12 31 (ii) (i) 960 699 22 1,681 840 715 36 1,591 600 374 2 36 1,012 600 511 36 1,147 264 264 (iii) 264 264 (iii) 264 264 792 3,000 2,299 2 130 6,223 2014 73

8 2013 12 31 (ii) (i) 1,500 540 199 22 2,261 1,247 407 199 37 1,890 938 338 8 37 1,321 941 341 37 1,319 177 177 (iii) (iii) (iii) 177 177 (iii) 177 177 531 4,626 1,626 406 133 7,322 (i) (ii) (iii) 2010 7 92013 8 28 2(o)(iii) 27 2013 12 19 2013 12 19 9 74 2014

9 2013 82013 12 31 2014 2013 1,320 887 886 287 38 2,244 1,174 20141,000,001 1,500,000 20131,000,001 1,500,000 10 52,054,0002013 243,711,000 175,038,0002013 123,304,0002013 243,711,000 11 (a) 2014 12 31803,792,0002013 837,390,0002014 12 312,210,050,4402013 2,209,953,213 12 31 2014 2013 1 1 2,210,050,440 2,208,685,240 1,267,973 12 31 2,210,050,440 2,209,953,213 2014 75

11 (b) 2014 12 31 803,792,0002013 837,390,000 2,213,593,44320132,214,242,257 12 31 2014 2013 12 31 2,210,050,440 2,209,953,213 3,543,003 4,289,044 12 31 2,213,593,443 2,214,242,257 12 1 4S 4S4S 2 3 4S 76 2014

12 (a) 4S 12 31 12 31 12 31 2014 2013 2014 2013 2014 2013 30,309,801 29,377,455 600,286 462,814 30,910,087 29,840,269 246,291 12,065 246,291 12,065 30,309,801 29,377,455 846,577 474,879 31,156,378 29,852,334 1,092,810 1,263,203 104,548 86,900 1,197,358 1,350,103 337,429 290,939 7,598 7,748 345,027 298,687 14,175,365 10,937,396 2,707,641 1,799,654 16,883,006 12,737,050 1,751,362 1,179,258 1,808 18,383 1,753,170 1,197,641 (11,095,383) (8,489,265) (1,920,967) (1,234,735) (13,016,350) (9,724,000) 189,972 165,902 189,972 165,902 2014 77

12 (b) 12 31 2014 2013 31,156,378 29,852,334 (246,291) (12,065) 30,910,087 29,840,269 1,197,358 1,350,103 (36,085) (19,315) 450,403 323,078 41,479 41,799 (478,100) (489,335) 1,175,055 1,206,330 12 31 2014 2013 16,883,006 12,737,050 3,875,351 3,974,260 1,926,551 1,926,551 67,180 36,270 244,369 245,102 (813,767) 196,558 22,182,690 19,115,791 (13,016,350) (9,724,000) (776,580) (635,535) (903,317) (918,903) (3,102) (2,708) 813,767 (196,558) (13,885,582) (11,477,704) (c) 78 2014

13 2013 1 1 777,645 95,851 186,170 463,356 145,601 261,373 1,929,996 20,417 65,149 368,827 10,458 607,758 1,072,609 318,164 3,033 63,140 29,223 (413,560) (789) (2,232) (308,129) (2,561) (313,711) 2013 12 31 2014 1 1 1,115,437 98,884 312,227 524,054 182,721 455,571 2,688,894 413,689 50,523 604,584 1,068,796 282,886 5,719 78,221 5,924 (372,750) (8,134) (474,533) (1,917) (484,584) 2014 12 31 1,398,323 104,603 382,314 463,210 237,251 687,405 3,273,106 2013 1 1 61,070 36,838 43,186 98,325 44,931 284,350 30,615 12,961 21,926 98,945 27,076 191,523 (17) (1,088) (67,689) (1,621) (70,415) 2013 12 31 2014 1 1 91,668 49,799 64,024 129,581 70,386 405,458 44,067 16,458 31,145 105,445 33,163 230,278 (1,608) (115,575) (1,689) (118,872) 2014 12 31 135,735 66,257 93,561 119,451 101,860 516,864 2014 12 31 1,262,588 38,346 288,753 343,759 135,391 687,405 2,756,242 2013 12 31 1,023,769 49,085 248,203 394,473 112,335 455,571 2,283,436 2014 79

13 2013 1 1 824 33 857 130 130 2013 12 312014 1 1 824 163 987 2014 12 31 824 163 987 2013 1 1 207 7 214 163 17 180 2013 12 312014 1 1 370 24 394 163 31 194 2014 12 31 533 55 588 2014 12 31 291 108 399 2013 12 31 454 139 593 (a) 2014 12 31166,808,162 2013 150,651,6942014 12 31 (b) 2014 12 31 106,368,000 25 2013 59,343,000 80 2014

14 12 31 2014 2013 1 1 445,337 320,305 684,374 125,032 12 31 1,129,711 445,337 1 1 (28,956) (20,701) (15,840) (8,255) 12 31 (44,796) (28,956) 12 31 1,084,915 416,381 2350 2014 12 31 69,160,00025 2013 70,930,000 15 2013 1 12013 2014 12 31 3,888,752 36,904 362,732 363 4,288,751 2013 1 1 (209,884) (5,698) (215,582) (94,519) (4,390) (98,909) 2013 12 312014 1 1 (304,403) (10,088) (314,491) (94,519) (4,390) (98,909) 2014 12 31 (398,922) (14,478) (413,400) 2014 12 31 3,489,830 22,426 362,732 363 3,875,351 2013 12 31 3,584,349 26,816 362,732 363 3,974,260 2014 81

15 40 (Top Globe Limited) 16 12 31 2014 2013 1 112 31 1,926,551 1,926,551 12 31 2014 2013 4S 1,926,551 1,926,551 3% 20133% 12% 201313% 82 2014

17 12 31 2014 2013 6,057,599 5,582,599 206,669 782,766 6,264,268 6,365,365 2014 12 31 Big Glory International Limited 2006 6 22 100 100% Top Globe Limited 2007 8 27 100 100% Acme Joy Group Limited 2011 4 28 50,000 100% Chang Jun Limited 2011 6 16 100 100% Silver Journey Global Limited 2011 7 6 50,000 100% Rising Wave Development Limited 2006 4 21 100 100% Wealth Fame Holdings Limited 2007 7 19 1 100% Tongda Group (China) Co., Ltd. 2008 11 10 10,000 100% Wuhan Shengze Jietong Logistics Co., Ltd. (i) 2002 11 22 399,539,000 100% 2014 83

17 Shanghai Shenxie Automobile Trading Co., Ltd. 1999 4 21 50,000,000 100% Shanghai Yige Science & Technology Trading Co., Ltd. (iii) 2002 9 25 15,000,000 50% Hubei Dingjie Automobile Sales Services Co., Ltd. 2002 12 12 55,000,000 100% Inner Mongolia Dingjie Automobile Trading Co., Ltd. 2003 1 23 7,000,000 100% Hubei Bocheng Automobile Sales Services Co., Ltd. 2003 5 30 20,000,000 100% Wuhan Kaitai Automobile Sales Services Co., Ltd. 2003 10 20 100% Hubei Xinrui Automobile Sales Services Co., Ltd. 2004 3 18 100% Wuhan Baoze Automobile Sales Services Co., Ltd. 2004 5 26 70,000,000 100% Shiyan Shenxie Automobile Trading Co., Ltd. 2004 6 18 19,000,000 100% Shanghai Luda Automobile Sales Services Co., Ltd. 2004 11 8 100% Changsha Ruibao Automobile Sales Services Co., Ltd. 2005 6 21 20,000,000 100% Hubei Jierui Automobile Sales Services Co., Ltd. 2005 6 24 22,000,000 100% Huhhot Qibao Automobile Sales Services Co., Ltd. 2006 2 23 100% Yichang Baoze Automobile Sales Services Co., Ltd. 2006 6 13 8,000,000 100% 84 2014

17 Chenzhou Ruibao Automobile Sales Services Co., Ltd. 2006 9 6 6,000,000 100% Shanghai Shenxie Shentong Automobile Sales Services Co., Ltd. 2007 1 31 15,000,000 100% Nanchang Baoze Automobile Sales Services Co., Ltd. 2008 6 2 29,000,000 100% Zhuhai Baoze Automobile Sales Services Co., Ltd. 2008 6 27 30,000,000 100% Shanghai Aohui Automobile Sales Services Co., Ltd. 2008 12 4 100% Guangzhou Baoze Automobile Sales Services Co., Ltd. 2009 4 20 30,000,000 100% Dongguan Jieyunhang Automobile Sales Services Co., Ltd. 2009 7 6 100% Baotou Baoze Automobile Sales Services Co., Ltd. 2009 8 6 26,000,000 100% Beijing Baozehang Automobile Sales Services Co., Ltd. 2009 10 16 90,000,000 100% Inner Mongolia Dingze Automobile Sales Services Co., Ltd. 2009 10 27 20,000,000 100% Shantou Hongxiang Materials Co., Ltd. (ii) 2000 7 12 5,000,000 80% Shangrao Baoze Automobile Sales Services Co., Ltd. 2010 11 2 100% Ganzhou Baoze Automobile Sales Services Co., Ltd. 2010 12 3 100% 2014 85

17 Xiangyang Baoze Automobile Sales Services Co., Ltd. 2010 11 1 100% Xiangtan Baoze Automobile Sales Services Co., Ltd. 2010 11 9 100% Wuhan Shengtong Investment Management Co., Ltd. 2011 4 22 100% Baotou Luze Automobile Sales Services Co., Ltd. 2011 5 4 20,000,000 100% Ganzhou Yizezhiye Co., Ltd. 2010 11 19 100% Xiangtan Yizezhiye Co., Ltd. 2010 11 18 100% Shangrao Yizezhiye Co., Ltd. 2010 11 18 100% Ulanqab Yizezhiye Co., Ltd. 2010 12 21 100% Hubei Aoze Automobile Sales Services Co., Ltd. 2011 5 25 20,000,000 100% Lhasa Jinsheng Automobile Sales Co., Ltd. 2011 4 13 20,000,000 100% Qingdao Huacheng Automobile Services Co., Ltd. 2001 3 8 8,800,000 100% Shantou Lujie Automobile Sales Services Co., Ltd. 2011 9 2 75% Lhasa Hongjin Automobile Sales Co., Ltd. 2011 4 12 15,000,000 100% 86 2014

17 Henan Jintangsheng Automobile Co., Ltd. 2008 5 7 100% Zhengzhou Jiwo Automobile Sales Services Co., Ltd. 2010 6 3 100% ZhengTong Automobile Investment HoldingWuhan) Co., Ltd. (i) 2011 3 29 600,000,000 100% Chengdu Qibao Automobile Sales Services Co., Ltd. 2011 7 13 50,000,000 100% Wuhan ZhengTong Second Hand Automobile Brokerage Co., Ltd. 2011 6 27 500,000 100% Beijing ZhengTong Old Automobile Brokerage Co., Ltd. 2011 5 5 100% Huhhot Jietong Second Hand Automobile Brokerage Co., Ltd. 2011 6 16 500,000 100% Foshan Zheng Tong Zhong Rui Automobile Sales Services Co., Ltd. 2011 4 18 100% Baotou Zhongrui Automobile Sales Service Co., Ltd. 2010 9 21 100% ZhengTong Automobile Services Co., Ltd. 2011 9 1 50,000,000 100% Jiangxi Deao Automobile Sales Services Co., Ltd. 2002 9 17 5,000,000 100% Huhhot Jieyun Automobile Sales Services Co., Ltd. 2011 12 29 100% 2014 87

17 Jieyang Dingjie Automobile Sales Services Co., Ltd. 2011 7 19 20,000,000 80% Shenzhen Roadmate Technology Co., Ltd. (iv) 2004 3 15 2,100,000 100% Shenzhen SCAS Investment Group Co., Ltd. 2001 5 21 50,000,000 100% Shenzhen Yama Automobile Trading Co., Ltd. 1993 6 15 15,000,000 100% Shenzhen SCAS Electric Machinery Co., Ltd. 1996 11 25 30,000,000 100% Shenzhen SCAS Automobile Maintenance Co., Ltd. 2000 8 14 5,000,000 100% Guangdong SCAS Automobile Sales Services Co., Ltd. 2004 7 21 20,000,000 100% Dongguan SCAS Automobile Sales Services Co., Ltd. 2004 7 30 5,000,000 100% Zhongshan SCAS Automobile Sales Services Co., Ltd. 2011 4 29 5,000,000 100% Zhuhai SCAS Automobile Sales Services Co., Ltd. 2005 3 10 5,000,000 100% Hunan SCAS Automobile Sales Services Co., Ltd. 2005 5 26 90% Hainan SCAS Automobile Sales Services Co., Ltd. 2008 5 23 20,000,000 100% Fujian SCAS Automobile Sales Services Co., Ltd. 2005 4 29 20,000,000 100% 88 2014

17 Beijing SCAS North China Automobile Services Co., Ltd. 2001 7 2 100% Beijing BWWR Automobile Sales Services Co., Ltd. 2008 3 27 5,000,000 100% Beijing Dewanlong Trading Co., Ltd. 1999 9 9 30,000,000 100% Beijing SCAS Zhongguan Automobile Sales Co., Ltd. 2010 3 19 5,000,000 100% Tianjin SCAS Automobile Sales Services Co., Ltd. 2004 5 21 100% Tianjin Automobile Industry SCAS Sales Co., Ltd. 1995 11 28 20,000,000 100% Shenzhen SCAS Tengxing Automobile Sales Services Co., Ltd. 2006 5 15 50,000,000 100% Shenzhen SCAS Infiniti Automobile Sales Services Co., Ltd. 2006 10 19 100% Shenzhen SCAS Changfu Automobile Sales Co., Ltd. 2004 12 10 100% Shenzhen SCAS Tengtian Automobile Sales Services Co., Ltd. 2006 3 24 100% Shenzhen SCAS Tenglong Automobile Sales Services Co., Ltd. 2005 12 5 5,000,000 100% Shenzhen SCAS Toyota Automobile Sales Services Co., Ltd. 2002 4 9 100% 2014 89

17 Qingyuan SCAS Hezhong Automobile Sales Services Co., Ltd. 2009 12 31 100% Qingyuan SCAS Heda Automobile Sales Services Co., Ltd. 2010 10 26 8,000,000 100% Qingyuan SCAS Toyota Automobile Sales Services Co., Ltd. 2008 10 17 100% ZhengTong Supply Chain Investment Holding (Shenzhen) Co., Ltd. (i) 2012 1 10 7,000,000 100% Baotou Lizhongyou Materials Co., Ltd. 2003 11 6 1,000,000 100% Changchun Yilong Transportation Co., Ltd. 2008 10 24 5,000,000 94% Wuhan Yuntong Investment Management Co., Ltd. 2012 3 1 100% Shanxi Zhengtong Lanbo Automobile Sales Services Co., Ltd. 2012 4 5 100% Dongguan Liaobu SCAS Automobile Sales Services Co., Ltd. 2012 5 15 15,000,000 100% Guangdong SCAS Shengwo Automobile Sales Services Co., Ltd. 2012 6 11 100% Wuhan Baoze Automobile Maintenance Co., Ltd. 2012 6 12 100% 90 2014

17 Jingdezhen Shengtong Trading Co., Ltd. 2012 6 20 100% Zhuhai SCAS Jielu Automobile Sales Services Co., Ltd. 2012 6 21 100% Hunan SCAS Xingsha Automobile Sales Services Co., Ltd. 2012 6 27 20,000,000 100% Dongguan Zhengtong Kaidi Automobile Sales Services Co., Ltd. 2012 10 29 100% Jiangxi Zhengtong Zetian Automobile Sales Services Co., Ltd. 2012 11 19 100% Shanghai Zhengtong Zhonghui Automobile Sales Services Co., Ltd. 2012 12 21 100% Shanghai Qibao Automobile Sales Services Co., Ltd. 2013 6 8 100% Chenzhou Haochi Automobile Sales Services Co., Ltd 2013 3 21 100% Zhanjiang Zhengtong Kaidi Automobile Sales Services Co., Ltd. 2013 4 15 100% Wuhan Zhengtong Yuechi Automobile Sales Services Co., Ltd 2013 5 14 100% Shantou Baoze Automobile Sales Services Co., Ltd. 2013 9 2 100% Jingmen Aoze Automobile Sales Services Co., Ltd.. 2013 10 11 100% 2014 91

17 Weihai Luze Automobile Sales Services Co., Ltd. 2013 10 31 100% Baotou Baozehang Automobile Maintenance Services Co., Ltd. 2013 12 18 100% Shantoushi Luze Automobile Sales Services Co., Ltd. 2013 11 20 100% Shenzhenshi Qianhaizhengtong Logistic Equipment Services Co., Ltd. (i) 2013 5 24 6,170,000 100% Changsha Ruize Real Estate Development Co., Ltd.. 2013 3 4 20,000,000 100% Shantoushi Ruize Automobile Sales Services Co., Ltd. 2013 8 14 20,000,000 100% Dingze Insurance Agency Co., Ltd.. 2013 9 16 50,000,000 100% Wuhan Jiewo Advisory Services Limited 2013 8 8 1,000,000 100% Sky Wonder Limited 2014 3 14 1 100% Shenzhenshi Zhuoruixiang Information Advisory Co., Ltd. 2013 12 31 32,000,000 100% ChengTong Developments Limited 2014 4 1 1 100% Landtime International Limited 2014 4 7 1 100% 92 2014

17 Goldrich Holdings Limited 2014 1 16 1 100% Beijing Zhengtong Baozehang Automobile Sales Services Co., Ltd. 2014 1 7 100% Wuhan Luze Automobile Sales Services Co., Ltd. 2014 1 6 15,000,000 70% Shangraoshi Luze Automobile Sales Services Co., Ltd. 2014 2 17 100% Langfangshi Luze Automobile Sales Services Co., Ltd. 2014 5 23 100% Yichun Baoze Automobile Sales Services Co., Ltd. 2014 3 6 100% Qingdao Aoze Automobile Sales Services Co., Ltd. 2014 5 9 100% Baotoushi Jieyunhang Automobile Sales Services Co., Ltd. 2014 3 24 65,000,000 100% Shengzhou Aoze Automobile Sales Services Co., Ltd. 2014 5 30 100% Dongguan Zhengtong Kaize Automobile Sales Services Co., Ltd. 2014 2 17 5,000,000 100% Shanghai Chichang Trading Co., Ltd. (i) 2014 7 24 100,000,000 100% Beijing Zhengtong Baoze Automobile Maintenance Services Co., Ltd. 2014 7 14 5,000,000 100% 2014 93

17 Loudi Dingwo Automobile Sales Services Co., Ltd. 2014 7 10 5,000,000 100% Shenzhen Aoze Automobile Sales Services Co., Ltd. 2014 7 2 100% Dongguan Aoze Automobile Sales Services Co., Ltd. 2014 7 21 100% Foshan Aoze Automobile Sales Services Co., Ltd. 2014 9 5 100% Zhengzhou Aoze Automobile Sales Services Co., Ltd. 2014 7 25 100% Baoding Aoze Automobile Sales Services Co., Ltd. 2014 9 18 100% Fuzhou Dingwo Automobile Sales Services Co., Ltd. 2014 8 19 5,000,000 100% Shenzhen Dingwo Automobile Sales Services Co., Ltd. 2014 9 3 5,000,000 100% Jieyang Luze Automobile Sales Services Co., Ltd. 2014 8 14 100% ShenzhenLuze Automobile Sales Services Co., Ltd. 2014 8 15 100% Yichang Baozehang Automobile Sales Services Co., Ltd. 2014 8 22 100% 94 2014

17 Shenzhenshi SCAS Huawo Automobile Sales Services Co., Ltd. 2014 6 11 5,000,000 100% Shenzhen Hengyiyingtong Investment Management Co., Ltd. 2014 4 3 100,000,000 100% Shenzhenshi Huianqi Investment Advisory Co., Ltd. 2014 5 13 500,000 100% (i) (ii) 4S (iii) 50% (iv) (v) Silver Journey Global Limited Acme Joy Group Limited (Top Globe Limited) 2014 12 31 2014 95

18 12 31 2014 2013 186,772 162,702 60,000,000 50% 50% 50% 12 31 2014 2013 420,792 324,235 489,216 436,484 (536,464) (435,315) 373,544 325,404 96 2014

18 12 31 2014 2013 1,379 1,196 12 31 2014 2013 1,531,837 1,245,425 48,140 43,329 48,140 43,329 12 31 2014 2013 (49,402) (43,127) 47 6 (3,679) (5,666) (14,904) (6,396) 12 31 2014 2013 373,544 325,404 50% 50% 186,772 162,702 186,772 162,702 2014 97

19 (a) 12 31 2014 2013 4,053,604 2,174,365 277,753 342,287 14,660 11,650 4,346,017 2,528,302 20142013 12 31 (b) 12 31 2014 2013 27,764,174 26,947,997 2014 12 31 2,410,149,2322013 1,027,533,973 24 2014 12 31 111,869,4962013 76,594,255 23 98 2014

20 12 31 12 31 2014 2013 2014 2013 550,058 1,473,954 4,995 4,649 555,053 1,478,603 724,234 764,758 7,840 7,840 3,528,114 2,517,410 28,198 22,867 4,807,401 4,760,771 36,038 30,707 33(b) 10,080 4,807,401 4,770,851 36,038 30,707 2014 12 31 3,891,00023 2013 33,113,000 12 31 2014 2013 3 521,724 1,387,360 3 1 31,899 90,933 1 1,430 310 555,053 1,478,603 30(a) 2014 99

21 12 31 2014 2013 23 241,804 270,167 24 1,269,967 937,116 25 151,000 320,000 1,662,771 1,527,283 25 22 12 31 12 31 2014 2013 2014 2013 32,652 24,743 1,402,431 1,443,521 14,448 97,459 1,435,083 1,468,264 14,448 97,459 100 2014

23 12 31 12 31 2014 2013 2014 2013 (i) 2,590,800 1,995,800 350,000 220,000 (ii) 750,000 350,000 3,690,800 2,565,800 (iii) 188,328 290,019 67,326 (iv) 136,490 85,857 4,015,618 2,941,676 67,326 (iii) 332,213 4,347,831 2,941,676 67,326 (iii) 333,489 333,489 4,347,831 3,275,165 67,326 (i) 2014 12 31 5.88% 8.40% 20135.88% 7.84% (ii) 2014 4 22 1 350,000,0007.49% 2014 12 1 1 400,000,0007.70% (iii) 2014 12 31 6.00% 7.20% 20135.60% 7.28% 2014 101

23 (iv) 2014 12 31 7.50% 8.25% 20136.30% 8.25% (v) 2014 12 31 1,955,188,0002013 1,755,316,000 12 31 2014 2013 111,869 76,594 241,804 270,167 3,891 33,113 357,564 379,874 2014 12 31657,031,0002013 709,365,000 30(b)2014 12 31 2013 24 12 31 12 31 2014 2013 2014 2013 589,311 403,020 4,346,639 3,254,590 4,935,950 3,657,610 442,894 412,502 447,207 558,144 1,892 1,872 5,826,051 4,628,256 1,892 1,872 2014 12 31 1,269,967,0002013 937,116,000 21 102 2014

24 2014 12 31 3,076,672,0002013 2,317,475,000 19 12 31 2014 2013 3 4,787,976 3,359,358 36 146,156 295,748 612 1,818 2,504 4,935,950 3,657,610 25 12 31 2014 2013 2,031,803 2,019,845 2013 9 16 2,044,740 2,044,740 (5,153) (5,153) (18,618) (18,618) 2,020,969 2,020,969 5,764 1,016 5,070 (2,140) 12 31 2,031,803 2,019,845 2013 9 16 335,000,0002013 9 16 4.5% 99.748% 2018 6 16 2014 103

25 2014 12 31 12 31 2014 2013 (i) 151,000 320,000 106,368 59,343 69,160 70,930 (ii) 3,108,053 2,856,033 3,434,581 3,306,306 (i) (ii) 2014 12 31 3,108,053,000 26 27 2010 8 993 23,435,900 2010 8 102010 8 202010 11 101.5 2.0 2.5 104 2014

27 (a) 2010 8 10 17,540,700 2012 1 1 50% 2013 1 1 25% 2014 1 1 25% 2,062,400 2012 4 1 50% 2013 4 1 25% 2014 4 1 25% 1,452,000 2012 7 1 50% 2013 7 1 25% 2014 7 1 25% 2010 8 20 2,018,800 2012 7 1 50% 2013 7 1 25% 2014 7 1 25% 2010 11 10 362,000 2012 7 1 50% 2013 7 1 25% 2014 7 1 25% 23,435,900 (b) 2014 2013 1.6 6,761,400 1.6 9,148,400 1.6 1.6 (1,365,200) 1.9 (279,420) 1.9 (1,021,800) 1.6 6,481,980 1.6 6,761,400 1.6 6,481,980 1.6 3,249,325 2014 12 312.6120132.88 2014 12 31(319,000)2013 328,000 6(b) 2014 105

28 2013 1 1 (930,088) (8,037) 18,350 4,132 (2,374) (918,017) 7(a) 24,807 575 14,688 1,180 (5,866) 35,384 2013 12 312014 1 1 (905,281) (7,462) 33,038 5,312 (8,240) (882,633) 7(a) 24,807 219 31,154 (1,015) (8,669) 46,496 2014 12 31 (880,474) (7,243) 64,192 4,297 (16,909) (836,137) 12 31 2014 2013 67,180 36,270 (903,317) (918,903) (836,137) (882,633) 2008 1 1 10%2008 1 1 2014 12 31 3,458,746,0002013 2,565,439,000 106 2014

29 (a) 2013 1 1 4,544,907 86,835 (174,136) 4,457,606 3,858 (1,776) 2,082 27 328 328 (243,711) (243,711) 2013 12 312014 1 1 4,548,765 85,387 (417,847) 4,216,305 27 (319) (319) 52,054 52,054 29(b) (175,358) (175,358) 2014 12 31 4,548,765 85,068 (541,151) 4,092,682 (b) (i) 2014 2013 0.10 2013 0.10 174,351 173,754 (ii) 2014 2013 0.10 2013 175,358 (iii) 201419,038,0002013 13,832,000 2014 107

29 (c) 2014 2013 0.10 20,000,000 2,000,000 20,000,000 2,000,000 1 1 2,210,050 221,005 2,208,685 220,868 1,365 137 12 31 2,210,050 221,005 2,210,050 221,005 188,776 188,776 (d) (i) 25% (ii) 2(s) (e) 2010 7 9 2014 12 31 4,092,682,000 2013 12 31 4,216,305,0000.100.08 2013 0.100.08 174,351,0002013 173,754,000 29(b) 108 2014

29 (f) 2014 12 312013 12 31 12 31 12 31 2014 2013 2014 2013 23 4,347,831 3,275,165 67,326 25 2,031,803 2,019,845 2,031,803 2,019,845 24 4,346,639 3,254,590 10,726,273 8,549,600 2,031,803 2,087,171 174,351 173,754 174,351 173,754 21 (1,662,771) (1,527,283) (31,207) (18,291) 22 (1,435,083) (1,468,264) (14,448) (97,459) 7,771,563 5,709,516 2,191,706 2,163,466 8,297,108 7,638,087 4,281,458 4,405,081 (174,351) (173,754) (174,351) (173,754) 8,122,757 7,464,333 4,107,107 4,231,327 0.96 0.76 0.53 0.51 23(v) 2014 109

30 (a) 2014 12 3165% 2013 44% 22% 201315% 110 2014

30 (b) 2014 12 31 2014 12 31 2013 12 31 4,466,713 4,466,713 4,347,831 3,022,595 341,364 3,363,959 3,275,165 164,315 2,469,447 2,633,762 2,031,803 168,107 2,624,868 2,792,975 2,019,845 5,826,051 5,826,051 5,826,051 4,628,256 4,628,256 4,628,256 10,457,079 2,469,447 12,926,526 12,205,685 7,818,958 2,966,232 10,785,190 9,923,266 2014 12 31 2013 12 31 67,479 67,479 67,326 164,315 2,469,447 2,633,762 2,031,803 168,107 2,624,868 2,792,975 2,019,845 1,892 1,892 1,892 1,872 1,872 1,872 166,207 2,469,447 2,635,654 2,033,695 237,458 2,624,868 2,862,326 2,089,043 2014 111

30 (c) (i) 2014 12 310.01% 1.38% 20130.01% 1.27% 2014 12 31 1.43% 20131.35% 2014 12 310.35% 3.30% 20130.35% 2.86% 2014 12 31 12 31 2014 2013 4.50% 8.40% 5,062,067 4,061,597 5.88% 8.25% 1,317,567 1,233,413 6,379,634 5,295,010 12 31 2014 2013 4.50% 2,031,803 2,019,845 7.08% 7.28% 67,326 2,031,803 2,087,171 (ii) 2014 12 31 100 11,162,2822013 10,252,633 100 2013 112 2014

30 (d) (i) 2014 2013 11,130 21,311 12,230 6,608 18,564 227,802 186 558,107 312,098 197 99,455 (332,213) (398,079) (2,031,803) (2,019,845) (2,125,084) 21,497 570,337 (2,099,218) 18,761 99,455 2014 2013 12,230 7,413 8,704 37 1,740 91,406 42 3,846 (67,066) (2,031,803) (2,019,845) (2,023,099) 37 13,970 (1,995,505) 7,455 3,846 2014 113

30 (d) (ii) 2014 2013 5% (109,873) 5% (107,719) (5)% 109,873 (5)% 107,719 5% 1,075 5% 938 (5)% (1,075) (5)% (938) 5% 21,602 5% 3,787 (5)% (21,602) (5)% (3,787) 2013 (e) 20142013 12 31 114 2014

31 (a) 2014 12 31 12 31 2014 2013 817,443 586,185 2014 12 31 (b) 2014 12 31 12 31 12 31 2014 2013 2014 2013 225,870 192,661 1,576 395,381 427,009 1,445 392,208 385,590 1,013,459 1,005,260 3,021 32 2014 12 31 2014 12 31 2014 12 31 1,545,800,0002013 1,350,800,000 2014 115

33 (a) 12 31 2014 2013 5,115 4,245 15,135 8,496 21,871 6,287 2,298 2,150 11,968 8,661 2,149 1,770 15,136 3,784 73,672 35,393 116 2014

33 (b) 12 31 2014 2013 1,053 575 3,129 5,323 10,080 (c) (d) 8 9 14A14A 34 2014 12 31 2014 12 31 19 2014 7 1 2010 2012 2014 7 1 2011 2013 2014 7 1 2012 2014 2016 1 1 11 2016 1 1 2014 117

34 2014 12 31 16 38 2016 1 1 27 2016 1 1 10 28 2016 1 1 1 2016 1 1 15 2017 1 1 9 2018 1 1 622 358 9 2014 3 3 2014 4 1 9 35 2 (a) 118 2014

35 (b) (c) (d) (e) (f) (g) 36 29(b) 37 2014 12 31 Joy Capital Holdings Limited 2014 119

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands 59 99 59 5905 www.zhengtongauto.com 183 46 Codan Trust Company (Cayman) Limited Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands 120 2014

www.zhengtongauto.com