2005 [1998] ,600 19,600 ( 1 ) (A )6, , % 8, % ( ) ( )

Zhejiang Pan-China Certified Public Accountants 388 310012 05718821 6888 05718821 6999 [2006]116 2005 12 31 2005 2005 2005 12 31 2005 2006 3 1 1 1

2005 [1998]144 1998 3 31 1999 3 31 3300001005547 19,600 19,600 ( 1 ) (A )6,000 1999 5 7 2005 12 29 2006 1 10 11,380.00 58.06% 8,220.00 41.94% ( ) ( ) () () 1 1 12 31 () () () 1 ( ) ( ) 2 2

() ( 3 ) () 1 2 () 1 1 1 5% 1-2 10% 2-3 30% 3-5 50% 5 100% 2 (1) (2) () 1 2 (1) 3 3

(2) (3) (4) (5) (6) 3 4 () 1 20% 20%20% 20%20% 20% 2 10 10 [2003]10 10 -- 3 4 4

( ) 1. (1) (2) (3) 2 30% 3 3%-5% % 30-35 2.77-3.23 7-15 6.47-13.86 4-7 13.86-24.25 6 16.17 5-9 10.78-19.40 4 ( ) 1 2 (1) 3 (2) (3) ( ) 1 5 5

2 (1) 1) 2) 3) (2) 3 (3) 3 ( ) 1 2 (1) (2) (3) 10 3 ( ) 1 2 6 6

( ) ( ) ( ) 3-5% ( ) 1 2 (1) (2) 3 7 7

4 ( ) 5 (1) (2) 6 7 8 ( ) ( ) 8 8

() 17% () 3%5% () 7% 2005 1 25 ( [2005]32 ) () 4% [2005]32 () 20% [2004]100 () 1. ([1994] 001 ) 2005 15% 2. 2005 33% () (%) 28,000,000.00 26,600,000.00 95.00 60,000,000.00 58,716,000.00 97.86[1] 30,000,000.00 29,391,000.00 97.97[2] 30,000,000.00 26,421,000.00 88.07[3] 9 9

60,000,000.00 35,229,600.00 58.72[4] 600,000.00 342,000.00 57.00[5] [1] 78.08% 20.82% 97.86% [2] 5% 95% 97.97% [3] 90% 88.07% [4] 60% 58.72% [5] 60% 57.00% () 2005 10 26 3,600 60% 2005 10 2005 12 20 36 60% 2005 12 2006 3 1 2005 10% 5% () 1. 178,980,583.95 (1) 1,727.67 3,200.97 10 10

106,990,125.91[1] 172,630,222.63 71,988,730.37[2] 36,983,781.17 178,980,583.95 209,617,204.77 [1] 70,000.00 ()1 [2] 15,989,190.00 () 45,419,690.51 7,672,297.26, 2,907,552.60 (2) USD1,011,100.07 8.0702 8,159,779.78 USD20,766.79 8.2765 171,876.34 HKD15,330,000.00 1.0430 15,989,190.00 24,148,969.78 171,876.34 2. 9,360,000.00 (1) 10,000,000.00 640,000.00 9,360,000.00 10,000,000.00 420,000.00 9,580,000.00 50,000,000.00 50,000,000.00 10,000,000.00 640,000.00 9,360,000.00 60,000,000.00 420,000.00 59,580,000.00 (2) 10,000,000.00 9,360,000.00 10,000,000.00 9,360,000.00 (3) 1) 420,000.00 220,000.00 640,000.00 420,000.00 220,000.00 640,000.00 2) 2005 12 31 11 11

(4) 3. 43,313,108.90 (1) 33,986,720.98 23,648,193.54 9,326,387.92 38,429,419.08 43,313,108.90 62,077,612.62 (2) 5% 5% 26,505,360.00 26,505,360.00 4. 59,630,210.37 (1) (%) (%) 1 56,429,894.03 87.40 2,821,494.71 53,608,399.32 35,832,054.92 92.05 1,791,602.75 34,040,452.17 1-2 5,581,703.41 8.64 558,170.35 5,023,533.06 1,305,280.61 3.35 130,528.06 1,174,752.55 2-3 1,070,075.00 1.66 321,022.50 749,052.50 183,767.27 0.47 55,130.18 128,637.09 3-5 498,450.98 0.77 249,225.49 249,225.49 1,328,008.86 3.41 664,004.43 664,004.43 5 985,778.45 1.53 985,778.45 280,601.13 0.72 280,601.13 64,565,901.87 100.00 4,935,691.50 59,630,210.37 38,929,712.79 100.00 2,921,866.55 36,007,846.24 (2) 5 21,300,338.84 32.99% (3) 5% 5% (4) 3,327,247.40 8.0702 26,851,551.97 162,353.00 8.2765 1,343,714.60 26,851,551.97 1,343,714.60 5. 1,552,789.17 (1) 12 12

(%) (%) 1 1,190,133.91 69.22 59,506.69 1,130,627.22 1,472,818.17 89.48 73,640.91 1,399,177.26 1-2 366,665.39 21.33 36,666.54 329,998.85 109,525.58 6.65 10,952.56 98,573.02 2-3 102,637.96 5.97 30,791.39 71,846.57 28,069.55 1.71 8,420.87 19,648.68 3-5 40,633.06 2.36 20,316.53 20,316.53 21,919.41 1.33 10,959.70 10,959.71 5 19,179.00 1.12 19,179.00 13,579.00 0.83 13,579.00 1,719,249.32 100.00 166,460.15 1,552,789.17 1,645,911.71 100.00 117,553.04 1,528,358.67 (2) 5 774,639.49 45.06% (3) 5% 5% 6. 13,771,283.77 (1) (%) (%) 1 13,741,085.78 99.78 48,382,678.78 99.95 1-2 5,721.10 0.04 9,861.00 0.02 2-3 9,861.00 0.07 3 14,615.89 0.11 14,615.89 0.03 13,771,283.77 100.00 48,407,155.67 100.00 (2) 5% 5% (3) 1 (4) 845,533.47 8.0702 6,823,624.21 6,823,624.21 7. 27,561.86 27,561.86 563,332.45 27,561.86 563,332.45 13 13

8. 953,056,382.09 (1) 75,742,930.62 1,077,156.03 74,665,774.59 49,176,518.11 192,702.60 48,983,815.51 185,433.14 185,433.14 64,443.36 64,443.36 34,092,963.10 188,484.37 33,904,478.73 15,674,404.70 208,860.98 15,465,543.72 549,987,267.48 549,987,267.48 437,537,931.07 437,537,931.07 118,490,217.45 118,490,217.45 1,106,608.87 1,106,608.87 181,957,837.39 6,134,626.69 175,823,210.70 217,332,025.30 2,480,653.27 214,851,372.03 960,456,649.18 7,400,267.09 953,056,382.09 720,891,931.41 2,882,216.85 718,009,714.56 (2) (3) ()1 (4) 2003 5 2005 12 195,953,507.02 [1] [2] 61,539,582.00 2005 12 2007 12 15,000 28,822,863.50 2005 12 2007 12 30,000 116,510,682.00 2004 7 2005 11 17,920,680.61 [1] 2005 2 2006 2 15,000 22,896,388.29 95,729,450.55 [2] 21,471,684.32 25,283,825.68 2004 7 2006 6 8,554 54,634,417.73 69,337,494.72 2005 1 2006 8 10,647 49,696,874.16 74,106,041.74 [2] 16,399 74,073,800.00 76,671,642.00 [3] 890,578.94 1,985,685.29 437,537,931.07 549,987,267.48 [1] [2] [3] 2005 12 31 (5) 14 14

2003 5 1,106,608.87 83,444.97[1] 112,400.00 1,077,653.84 2005 12 219,576,096.95 114,237,073.43 105,339,023.52[2] 2005 11 39,472,187.04 27,398,646.95 12,073,540.09 [2] 1,106,608.87 259,131,728.96 141,748,120.38 118,490,217.45 [1] [2] (6) 1) [] 192,702.60 884,453.43 1,077,156.03 208,860.98 20,376.61 188,484.37 2,480,653.27 3,653,973.42 6,134,626.69 2,882,216.85 4,538,426.85 20,376.61 7,400,267.09 [] 2) 9. 1,247,280.29 1,129,296.29 77,333.33 105,000.00 3,602.00 12,984.00 12,342.00 1,247,280.29 93,277.33 10. 735,000.00 (1) 900,000.00 165,000.00 735,000.00 900,000.00 900,000.00 15 15

900,000.00 165,000.00 735,000.00 900,000.00 900,000.00 (2) 2.11% [] 900,000.00 900,000.00 900,000.00 900,000.00 [] 2003 3 18 90 135 2005 12 31 73.50 16.50 (3) 1) 165,000.00 165,000.00 165,000.00 165,000.00 2) ()10(2) 11. 209,215,985.52 (1) 57,649,176.98 39,019,955.01 150,045.00 96,519,086.99 64,452,825.03 20,925,201.15 1,632,545.01 83,745,481.17 19,954,883.55 2,060,067.01 41,864.19 21,973,086.37 4,486,700.53 1,939,355.00 1,188,041.71 5,238,013.82 1,517,971.21 238,471.22 16,125.26 1,740,317.17 148,061,557.30 64,183,049.39 3,028,621.17 209,215,985.52 (2) 63,497,933.93 (3) 2,769,534.46 259,086.71 (4) 14,373,656.26 1,187,711.98 13,185,944.28 16 16

14,373,656.26 1,187,711.98 13,185,944.28 (5) 7,029,970.81 6,481,696.43 210,144.22 338,130.16 3,774,081.86 3,255,183.35 45,285.00 473,613.51 81,079.00 76,706.64 2,000.00 2,372.36 266,985.33 255,454.98 1,629.81 9,900.54 11,152,117.00 10,069,041.40 259,059.03 824,016.57 (6) 1,362,390.00 1,321,518.30 40,871.70 8,147,380.72 7,909,886.00 37,562.13 199,932.59 13,766,848.69 13,156,025.18 212,804.51 398,019.00 1,109,215.00 1,073,105.36 13,040.00 23,069.64 364,279.72 344,293.39 9,399.96 10,586.37 24,750,114.13 23,804,828.23 272,806.60 672,479.30 (7) (8) 2005 12 31 39,019,955.01 696,366.00 12 71,635,566.90 6,732,588.44 1,608,845.15 42,818.96 8,298,614.63 39,379,522.84 4,209,013.65 908,502.96 42,680,033.53 16,814,120.02 818,392.77 40,608.27 17,591,904.52 2,706,181.00 499,635.03 1,128,965.99 2,076,850.04 801,465.65 197,819.45 11,120.92 988,164.18 66,433,877.95 7,333,706.05 2,132,017.10 71,635,566.90 13 137,580,418.62 88,220,472.36 50,916,588.54 17 17

41,065,447.64 25,073,302.19 4,381,181.85 3,140,763.53 3,161,163.78 1,780,519.53 752,152.99 716,505.56 137,580,418.62 81,627,679.35 14 6,475,402.25 (1) [] 6,211,223.89 55,980.92 6,155,242.97 293,089.51 293,089.51 18,344.00 2,304.00 16,040.00 11,029.77 11,029.77 6,533,687.17 58,284.92 6,475,402.25 [] (2) 15. 0.00 (1) 2,217,179.03 2,217,179.03 2,217,179.03 2,217,179.03 (2) 2,217,179.03 36,802,775.98 39,019,955.01 5,000 [] 24,477,978.92 24,477,978.92 2,217,179.03 61,280,754.90 63,497,933.93 [] [2003]13 2005 12 31 18 18

() 16. 72,580.93 (1) CAD 57,759.72 57,759.72 57,759.72 57,759.72 61,580.93 61,580.93 114,364.61 114,364.61 ORACLE 9i 11,000.00 11,000.00 14,000.00 14,000.00 130,340.65 57,759.72 72,580.93 186,124.33 57,759.72 128,364.61 (2) CAD 288,798.60 57,759.72 57,759.72 231,038.88 158,351.00 114,364.61 52,783.68 61,580.93 96,770.07 14 ORACLE 9i 15,000.00 14,000.00 3,000.00 11,000.00 4,000.00 44 462,149.60 186,124.33 55,783.68 130,340.65 331,808.95 (3) 1) CAD 57,759.72 57,759.72 57,759.72 57,759.72 2) 17. 2,594,808.02 7,361,205.15 741,493.83 1,850,739.59 1,035,670.13 1,556,563.29 5,804,641.86 [] 1,972,500.00 838,312.50 197,250.00 641,062.50 1,331,437.50 38 704,000.00 299,199.77 70,400.04 228,799.73 475,200.27 38 518,100.00 220,192.50 51,810.00 168,382.50 349,717.50 38 26,150.00 538.14 538.14 26,150.00 10,581,955.15 2,099,736.74 1,850,739.59 1,355,668.31 2,594,808.02 7,987,147.13 19 19

[] 30 46.84 / 36 45.50 / 40 27.52 / 18. 168,555,883.99 (1) 103,555,883.99[1] 70,000,000.00 21,445,260.65 30,000,000.00[2] 35,000,000.00 168,555,883.99 91,445,260.65 [1] ()4(7)1)a [2] ()1 (2) 5,397,125.72 8.0702 43,555,883.99 1,382,862.40 8.2765 11,445,260.65 43,555,883.99 11,445,260.65 19. 178,049,771.74 (1) 167,483,771.74 [] 154,858,387.28 10,566,000.00 5,791,000.00 178,049,771.74 160,649,387.28 [] ()4(7)1)b (2) 5% 5% 20. 265,377,723.80 (1) 5% 5% (2) 20 20

3,116,299.00 8.0702 25,149,156.19 122,949.00 8.2765 1,017,587.40 25,149,156.19 1,017,587.40 (3) 3 3 1,996,582.50 21. 142,688,937.24 (1) 5% 5% (2) 991,087.16 8.0702 7,998,271.60 7,998,271.60 (3) 1 1) 28,635,095.82 3,158,917.00 4,145,687.11 2) 1 1,637,030.12 (4) 47,771,087.21 57,640,860.00 17,555,952.99 122,967,900.20 22 3,710,815.03 (1) (2) 4,553,020.96 (3) 23. -1,600,267.61-1,993,988.55[1] -3,750,825.40 17% 21 21

4,893,796.08-2,546,291.68 15%33% -3,905,770.26[2] -8,768,865.56 3%5% -204,374.70[3] -569,982.64 7% -415,469.06[4] -585,081.76 13,838.09 13,838.09 1.2%12% 11,700.79 6,883.97-1,600,267.61-16,200,324.98 [1] [2] [3] [4] [2004]100 24-132,771.11-116,197.72[1] -352,602.06 4% -16,669.22[2] 255,501.38 1 95.83 206.33-132,771.11-96,894.33 [1] [2] 25. 18,921,073.03 (1) 5% 5% 12,000.70 574,532.70 12,000.70 574,532.70 (2) 3 (3) 22 22

3,450,000.00 1,826,147.66 888,935.75 858,279.46 800,000.00 7,823,362.87 26. 2,277,732.20 1,135,562.54 2,261,876.67 1,142,169.66 215,495.15 2,277,732.20 2,477,371.82 27. 0.00 (1) 53,086,162.50 53,086,162.50 (2) 53,086,162.50 53,086,162.50 28. 40,070,400.00 40,070,400.00[] 40,070,400.00 [] ()1 29 584,853.89 584,853.89[] 150,000.00 23 23

584,853.89 150,000.00 [] 2003 () ( 200383 ) 2004 ( 200449 ) 400,000.00 ( ) ( [2005]308 ) [2005]731 210,000.00 175,146.11 2005 12 31 584,853.89 30. 196,000,000.00 (1) (+-) () 136,000,000.00 136,000,000.00 1 2 3 4 5 136,000,000.00 136,000,000.00 () 1 60,000,000.00 60,000,000.00 2 3 4 60,000,000.00 60,000,000.00 () 196,000,000.00 196,000,000.00 24 24

(2) 2005 12 29 2006 1 10 10 3.7 11,380 58.06% 12 12 5% 24 10% 31. 322,171,082.56 (1) 312,019,577.49 312,019,577.49 584,721.63 584,721.63 870,289.22 870,289.22 8,632,972.61 63,521.61 8,696,494.22 322,107,560.95 63,521.61 322,171,082.56 (2) 63,521.61 32. 9,315,291.53 (1) 5,737,266.70 472,927.65 6,210,194.35 2,868,633.35 236,463.83 3,105,097.18 8,605,900.05 709,391.48 9,315,291.53 (2) ()33(2)2) 33. 17,838,977.51 (1) 14,349,720.01 4,198,648.98 25 25

709,391.48 17,838,977.51 (2) 1) 2) 2006 3 1 2005 10% 472,927.65 5% 236,463.83 () 1 / 819,784,617.93/675,340,520.79 (1) 571,018,321.00 488,333,631.04 72,852,900.20 238,461,597.27 53,349,259.23 4,259,623.54 23,222,261.29 3,550,907.36 17,993,157.82 6,070,811.96 420,480.84 823,361,261.13 656,171,690.42 3,576,643.20 819,784,617.93 656,171,690.42 529,831,743.25 446,372,220.40 66,544,232.34 138,361,656.88 25,124,328.41 3,933,733.09 17,152,574.88 3,419,783.11 17,568,025.10 2,818,420.11 678,365,336.44 572,761,381.13 3,024,815.65 485,137.34 675,340,520.79 572,276,243.79 26 26

(2) 616,045,836.45 504,730,136.62 207,315,424.68 151,441,553.80 823,361,261.13 656,171,690.42 3,576,643.20 819,784,617.93 656,171,690.42 484,253,690.49 429,196,152.97 194,111,645.95 143,565,228.16 678,365,336.44 572,761,381.13 3,024,815.65 485,137.34 675,340,520.79 572,276,243.79 (3) 5 183,525,284.96 22.39% 2 16,071,391.31 (1) 11,985,139.86 3,211,600.14 3%5% 1,674,566.17 299,323.69 7% 956,894.79 171,051.71 4% 1,454,790.49 16,071,391.31 3,681,975.54 (2) 2005 1 25 ( [2005]32 ) 3. 2,680,810.05 4,022,819.99 2,201,615.85 1,821,204.14 5,959,543.40 4,737,822.53 1,221,720.87 27 27

33,888.90 53,883.35-19,994.45 24,596.58 41,886.84-17,290.26 1,349,600.00 750,897.36 598,702.64 1,431,900.00 764,525.82 667,374.18 2,679,533.45 2,679,533.45 2,689,194.42 2,690,197.45-1,003.03 292,955.74 12,058.02 280,897.72 370,395.68 41,456.96 328,938.72 8,378,798.08 5,697,988.03 2,680,810.05 10,475,630.08 8,275,889.60 2,199,740.48 4. 7,692,113.11 6,610,058.94[] 5,286,725.43 1,708,860.36 1,418,395.06 1,166,181.44 100,104.05 1,624,733.09 906,078.84 7,692,113.11 4,874,513.26 [] 468,778.58 5. 993,970.00 (1) 1,378,970.00-264,296.66-22,023.04-385,000.00-420,000.00 993,970.00-706,319.70 (2) 6. 54,831.00 (1) 15,000.00 39,831.00 54,831.00 (2) 1) 00 ( [2005]109 ) 15,000.00 28 28

2) 2004 ( [2005]258 [2005]690 ) 39,831.00 7. 61,378.51 53,978.51 465.19 7,400.00 1,296.00 61,378.51 1,761.19 8. 627,263.80 494,106.87 324,755.62 133,156.93 107,318.60 60,000.00 5,000.00 627,263.80 497,074.22 () 1. 35,000,000.00 10,000,000.00 10,000,000.00 1,815,963.34 1,500,000.00 1,300,000.00 59,615,963.34 2. 35,000,000.00 13,309,973.21 29 29

10,142,446.83 10,000,000.00 10,000,000.00 9,621,823.82 8,272,463.06 6,266,122.97 102,612,829.89 3. 4. 5. 6. () 1. 52,480,680.58 (1) (%) (%) 1 54,724,588.12 96.98 2,736,229.41 51,988,358.71 24,750,951.27 93.37 1,237,547.57 23,513,403.70 1-2 270,048.76 0.48 27,004.88 243,043.88 22,542.61 0.09 2,254.26 20,288.35 2-3 75.00 0.01 22.50 52.50 183,767.27 0.69 55,130.18 128,637.09 3-5 498,450.98 0.88 249,225.49 249,225.49 1,328,008.86 5.01 664,004.43 664,004.43 5 928,846.37 1.65 928,846.37 223,669.05 0.84 223,669.05 56,422,009.23 100.00 3,941,328.65 52,480,680.58 26,508,939.06 100.00 2,182,605.49 24,326,333.57 (2) 5 21,300,338.84 37.75% (3) 5% 5% (4) 30 30

3,327,247.40 8.0702 26,851,551.97 162,353.00 8.2765 1,343,714.60 26,851,551.97 1,343,714.60 2. 186,107,231.60 (1) (%) [] (%) 1 61,105,602.79 32.81 50,320.14 61,055,282.65 1,132,072.08 0.90 56,603.61 1,075,468.47 1-2 292,665.39 0.16 29,266.54 263,398.85 46,346,085.58 36.79 4,318.56 46,341,767.02 2-3 46,339,197.96 24.88 10,889.39 46,328,308.57 29,335,469.55 23.29 5,420.87 29,330,048.68 3-5 78,470,483.06 42.14 10,241.53 78,460,241.53 49,144,369.41 39.01 5,884.70 49,138,484.71 5 19,179.00 0.01 19,179.00 13,579.00 0.01 13,579.00 186,227,128.20 100.00 119,896.60 186,107,231.60 125,971,575.62 100.00 85,806.74 125,885,768.88 [] 184,852,100.00 1 60,099,200.00 2-3 46,302,900.00 3-5 78,450,000.00 (2) 184,852,100.00 [] 184,852,100.00 [ ] 124,852,100.00 60,000,000.00 (3) 5 185,424,739.49 99.57% (4) 5% 5% 3. 140,991,782.99 (1) 140,256,782.99 140,256,782.99 115,988,438.66 115,988,438.66 900,000.00 165,000.00 735,000.00 900,000,00 900,000.00 141,156,782.99 165,000.00 140,991,782.99 116,888,438.66 116,888,438.66 31 31

(2) 1) a. 26,600,000.00 26,600,000.00 13,626,455.93 40,226,455.93 46,850,000.00 48,994,297.38 49,526,289.84 98,520,587.22 1,500,000.00 1,477,976.96 31,762.88 1,509,739.84 74,950,000.00 77,072,274.34 63,184,508.65 140,256,782.99 b 37,274,516.27 7,701,939.66 4,750,000.00 40,226,455.93 77,254,949.50 36,881,637.72 15,616,000.00 98,520,587.22 1,458,972.89 50,766.95 1,509,739.84 115,988,438.66 44,634,344.33 20,366,000.00 140,256,782.99 2) (3) 2.11% [] 900,000.00 900,000.00 900,000.00 900,000.00 [] ()10(2) (4) 1) 165,000.00 165,000.00 165,000.00 165,000.00 2) ()10(2) () 1. 577,089,132.96 32 32

(1) 571,018,321.00 488,333,631.04 72,852,900.20 6,070,811.96 420,480.84 577,089,132.96 561,607,012.08 (2) 5 183,525,284.96 31.80% 2. 532,650,163.36 529,831,743.25 446,372,220.40 66,544,232.34 2,818,420.11 532,650,163.36 512,916,452.74 3. 44,816,044.33 (1) 44,634,344.33 16,459,127.88-385,000.00-420,000.00 566,700.00-264,296.66-22,023.04 44,816,044.33 15,752,808.18 (2) 10% 10% 44,634,344.33 ()3(2)1)b 566,700.00 () () 1 (1) 33 33

(2) 266,000,000.00 266,000,000.00 28,000,000.00 28,000,000.00 60,000,000.00 60,000,000.00 30,000,000.00 30,000,000.00 8,000,000.00 22,000,000.00 30,000,000.00 60,000,000.00 60,000,000.00 600,000.00 600,000.00 (3) (%) (%) (%) (%) 136,000,000.00 69.39 136,000,000.00 69.39 26,600,000.00 95.00 26,600,000.00 95.00 58,716,000.00 97.86 58,716,000.00 97.86 29,391,000.00 97.97 29,391,000.00 97.97 7,045,600.00 88.07 19,375,400.00 26,421,000.00 88.07 35,229,600.00 58.72 35,229,600.00 58.72 342,000.00 57.00 342,000.00 57.00 2 ( ) () 34 34

1. -1,493,287.13[] 12,025,065.97 17,227.22 120,894.00-1,372,393.13 12,042,293.19 [] 1,598,451.56 2. 6,917,223.16 7,361,787.16 8,128.21 40,059.83 7,008.55 66,573,659.25 6,932,359.92 73,975,506.24 3. ( ) ( ) ( ) ( ) (%) (1) 9,326,387.92 8,148,293.08 21.53 13.12 26,505,360.00 42.70 9,326,387.92 34,653,653.08 21.53 55.82 (2) [] 5,285,015.42 8,911,018.06 8.19 22.89 74,427.38 0.12 5,359,442.80 8,911,018.06 8.31 22.89 (3) 406,442.68 0.34 406,442.68 0.34 (4) 12,000.70 574,532.70 0.06 3.53 12,000.70 574,532.70 0.06 3.53 35 35

[] 1 553,997.36 12 4,731,018.06 4. (1) 1,983,424.46 594,453.52 (2) 1) 850,000.00 670,000.00 2) R21-20R21-22 2,030,700.00 122,000.00 3) 153,792.74 (3) 3,833,532.89 2005 12 31 588,406.02 18,198.12 (4) 1) 2002 10 24 1 1,154,376.00 2005 12 596,340.00 1,107,873.00 2) 2005 6 36 36

1,200,000.00 2005 6-12 700,000.00 2006 1-5 500,000.00 3) 187,865.06 4) 179,460.00 5) 1,299,600.00 (5) 1 5 1,815,963.34 (6) 1) 52,045,156.41 594,453.52 1,288,068.00 1,368,483.62 1,815,963.34 35,000,000.00 586,250.00 11,391,937.93 77,987,984.84 594,453.52 1,288,068.00 1,368,483.62 1,815,963.34 26,505,360.00 35,000,000.00 586,250.00 10,829,406.36 2) 3,500 586,250.00 3) 6,000 37 37

1,919,582.00 4) 1,500 145,140.96 (7) 1) a. 2005 2,000.00 2,000.00 2006.1.10 [1] 7,000.00 2,000.00 2006.7.20 4,000.00 2,000.00 2006.8.28 13,000.00 6,000.00 $360.00 $360.00 2006.8.8 $243.03 $104.74 [2] $74.97 $74.97 2006.2.2 $678.00 $539.71 [1] 6,000.00 [2] b. 2005 12 31 126,627,181.24 (8) 50% 100% 1,070,306.11 239,891.21 (9) 1) 2005 9 25 38 38

6,000 3,600 60% 2,400 40% [2005] 155 R21-20R21-22 2) 2,200 1,980 220 3,000 2,700 90% 300 10% (2005) 18 (10) 2005 14 6 3 102.24 2004 14 6 104.24 2005 2005 20.83 15.12 14.31 14.22 3.00 3.00 3.00 14.42 14.34 102.24 2004 10-15 15-20 20 2 3 1 39 39

() 1. 2004 11 23 [2004] 1277 67,477.50 2005 12 31 70,000.00 2. 2001 12 27 193 265,920.00 2002 5 17 [2002] 40 2002 2003 5 10 [2002] 975 2005 12 31 3. 2002 9 10 563,984.00 2002 10 17 [2002] 339 2005 12 31 4. 2005 1 25 34,000.00 2005 7 25 (2005) 93 2005 12 31 3,400.00 () 1 2005 12 31 ( ) [] [] 4,000 2007.11.16 16,103 16,103 3,000 2006.06.08 7,000 [] 33,333.32 25,537.56 93,962,149.00 2 2005 12 31 ( ) 40 40

601.60 601.60 600.29 [] [] 601.60 601.60 600.29 [] 2006 6 22 2006 6 30 () () 29,809.00 [2005]23 33,961 5,962.00 23,847.00 2006 3 10 () R21-20R21-22 143,973,652.00 43,192,096.00 2006 2 28 2005 12 15 2007 12 15 () 2005 12 29 2006 1 10 10 3.7 41 41

11,380.00 58.06% 8,220.00 41.94% () (HK2358) 2005 12 31 15,330,000.00 15,989,190.00 2006 1 9 15,255,719.00 1,900 4.75% () () () [2003]13 2005 12 23 () 197,271,200.00 1 72,518,300.00 2-3 46,302,900.00 3-5 78,450,000.00 () () () 4,000 2005 6 29 116 1,000 30 42 42

1,378,970.00 () 110,424,086.76 138,403,005.17 99,097,852.71 86,833,765.86 2005 12 31 2,544,962.26 1,852,441.57 () WEST GROUP CO.,LTD(HK) 1,562,445.47 376,937.50 2005 12 31 WEST GROUP CO.,LTD(HK) 1,185,507.97 () [2004]100 415,231.23 518,904.12 351,042.44 ( ) 1 ---- 2004 + - 2005-79,178.42 54,831.00 1,378,970.00 7,400.00 1,362,022.58-175,863.60-22,205.21 1,163,953.77 43 43

20051231 178,980,583.95 118,367,816.67 209,617,204.77 159,092,113.73 9,360,000.00 9,360,000.00 59,580,000.00 9,580,000.00 43,313,108.90 43,313,108.90 62,077,612.62 60,626,612.62 59,630,210.37 52,480,680.58 36,007,846.24 24,326,333.57 1,552,789.17 186,107,231.60 1,528,358.67 125,885,768.88 13,771,283.77 13,408,248.50 48,407,155.67 48,255,550.99 27,561.86 27,561.86 563,332.45 563,332.45 953,056,382.09 284,116,640.42 718,009,714.56 278,316,399.46 1,247,280.29 709,113.20 93,277.33 12,342.00 1,260,939,200.40 707,890,401.73 1,135,884,502.31 706,658,453.70 735,000.00 140,991,782.99 900,000.00 116,888,438.66 735,000.00 140,991,782.99 900,000.00 116,888,438.66 209,215,985.52 207,013,429.24 148,061,557.30 146,178,710.48 71,635,566.90 70,919,217.28 66,433,877.95 66,102,436.80 137,580,418.62 136,094,211.96 81,627,679.35 80,076,273.68 6,475,402.25 6,475,402.25 6,533,687.17 6,533,687.17 131,105,016.37 129,618,809.71 75,093,992.18 73,542,586.51 2,217,179.03 2,217,179.03 131,105,016.37 129,618,809.71 77,311,171.21 75,759,765.54 72,580.93 72,580.93 128,364.61 128,364.61 2,594,808.02 2,594,808.02 2,099,736.74 2,099,736.74 2,667,388.95 2,667,388.95 2,228,101.35 2,228,101.35 1,395,446,605.72 981,168,383.38 1,216,323,774.87 901,534,759.25 44 44

20051231 168,555,883.99 103,555,883.99 91,445,260.65 91,445,260.65 178,049,771.74 178,049,771.74 160,649,387.28 160,649,387.28 265,377,723.80 123,583,787.30 120,240,260.57 83,290,010.85 142,688,937.24 19,151,189.32 237,967,839.87 13,028,310.80 3,710,815.03 360,931.49 4,913,952.45 4,913,952.45 1,065,454.23 67,580.60 571,533.61 243,456.47-1,600,267.61-1,837,769.55-16,200,324.98-4,526,395.42-132,771.11 38,672.87-96,894.33 231,833.96 18,921,073.03 12,086,427.97 16,271,898.29 10,992,096.97 2,277,732.20 2,094,782.20 2,477,371.82 2,477,371.82 53,086,162.50 778,914,352.54 437,151,257.93 671,326,447.73 362,745,285.83 40,070,400.00 584,853.89 584,853.89 150,000.00 150,000.00 40,655,253.89 584,853.89 150,000.00 150,000.00 819,569,606.43 437,736,111.82 671,476,447.73 362,895,285.83 30,551,647.69 3,784,146.13 196,000,000.00 196,000,000.00 196,000,000.00 196,000,000.00 196,000,000.00 196,000,000.00 196,000,000.00 196,000,000.00 322,171,082.56 322,171,082.56 322,107,560.95 322,107,560.95 9,315,291.53 9,315,291.53 8,605,900.05 8,605,900.05 3,105,097.18 3,105,097.18 2,868,633.35 2,868,633.35 17,838,977.51 15,945,897.47 14,349,720.01 11,926,012.42 545,325,351.60 543,432,271.56 541,063,181.01 538,639,473.42 1,395,446,605.72 981,168,383.38 1,216,323,774.87 901,534,759.25 45 45

2005112 819,784,617.93 577,089,132.96 656,171,690.42 561,607,012.08 675,340,520.79 532,650,163.36 572,276,243.79 512,916,452.74 16,071,391.31 1,303,398.53 3,681,975.54 48,046.77 128,372,705.83-43,135,571.07 80,213,471.09 48,642,512.57 2,680,810.05-2,634,233.69 2,199,740.48 2,127,750.59 53,629,065.93 47,901,399.49 45,853,024.56 43,116,436.43 39,236,893.33 32,568,260.77 17,591,224.57 14,493,199.74 7,692,113.11 4,962,378.09 4,874,513.26 4,470,986.46 30,495,443.51 - -39,662,233.59 14,094,449.18-11,310,359.47 993,970.00-44,816,044.33-706,319.70 15,752,808.18 54,831.00 54,831.00 61,378.51 54,028.51 1,761.19 1,296.00 627,263.80 532,447.30 497,074.22 339,326.96 30,978,359.22-4,730,222.95 12,892,816.45 4,104,417.75 25,982,208.68 946.42 8,084,953.49 1,907.33 797,501.56 355,322.08 4,198,648.98-4,729,276.53 4,452,540.88 4,102,510.42 14,349,720.01 11,926,012.42 10,512,555.69 8,438,878.56 18,548,368.99 16,655,288.95 14,965,096.57 12,541,388.98 472,927.65 472,927.65 410,251.04 410,251.04 236,463.83 236,463.83 205,125.52 205,125.52 17,838,977.51 15,945,897.47 14,349,720.01 11,926,012.42 46 46

17,838,977.51 15,945,897.47 14,349,720.01 11,926,012.42 1 2 3 4 5 6 2005112 790,409,894.65 642,052,420.28 1,734,495.83 1,734,495.83 61,667,479.07 43,372,880.69 853,811,869.55 687,159,796.80 782,747,140.95 521,753,042.38 33,962,078.80 30,445,760.52 34,362,707.73 5,195,738.49 114,359,882.04 149,755,045.87 965,431,809.52 707,149,587.26-111,619,939.97-19,989,790.46 50,000,000.00 40,600,000.00 1,460,000.00 20,966,000.00 759,994.48 759,994.48 52,219,994.48 62,325,994.48 49,678,658.03 49,358,705.78 1,500,000.00 42,100,000.00 51,178,658.03 91,458,705.78 47 47

1,041,336.45-29,132,711.30 26,440,000.00 220,355,532.59 115,355,532.59 246,795,532.59 115,355,532.59 156,244,909.25 103,244,909.25 9,399,075.35 2,502,853.35 165,643,984.60 105,747,762.60 81,151,547.99 9,607,769.99-1,209,565.29-1,209,565.29-30,636,620.82-40,724,297.06 1 4,198,648.98 4,729,276.53 6,907,497.38 6,557,578.34 7,333,706.05 6,948,554.79 113,543.40 113,543.40 1,346,482.01 1,346,482.01-1,154,002.96-696,771.20-896,264.13-1,027,114.13 136,627.38 136,627.38 7,228,345.65 4,356,943.15-1,412,270.00-45,234,344.33-235,973,560.77-10,238,291.20 29,726,619.52-35,972,045.95 69,906,385.60 48,868,970.39 120,800.36 120,800.36 797,501.56-111,619,939.97-19,989,790.46 2 3 178,910,583.95 118,297,816.67 209,547,204.77 159,022,113.73-30,636,620.82-40,724,297.06 48 48