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00688 2009

2008 20092010

71 72 80 82 02 03 04 05 06 14 52 64 16 18 22 38 42 46 50 83 85 96 117 119 120 122 123 124 126 207 209

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1 10 (852) 2823 7888 (852) 2865 5939 www.coli.com.hk 28 26 (852) 2980 1333 (852) 2810 8185 is-enquiries@hk.tricorglobal.com 688 688HK 0688.HK China OVS N1207 : 2521 EF0142101 KY022045903 CINS-G2155ZAA2 (852) 2823 7978 (852) 2865 5939 jiang_yongjin@cohl.com (852) 2823 7333 (852) 2865 5939 doris_chung@cohl.com 2009 03

* 20 04

(%) 373.2 188.9 +98 74.7 50.5 +48 477.9 266.1 +80 (%) 22 47-25* 16 7 +9** (%) 22 21 +1* 0.92 0.64 +43 0.20 0.13 +54 0.07 0.06 +17 0.13 0.07 +86 5.15 4.23 +22 30.55 24.84 +23 * ** 2009 05

48% 74.7 43% 91.6 27% 420.9 5.15 22% 19.3% 13 06

98% 373.248% 74.7 47.4% 20% 8.7% 98% 373.2 48% 74.7 (2005-2009) 47.4% (2003-2009) 20% V 110% 361.0 31.1% 62% 102.7 2.8 60% 1.6 477.9 ( ) 80% 476.8 76% 200 (175.2 ) 41% 469.6 81% 475.5 76% 2009 07

46 507409 86%352 333 58.3 73.2 91.2 8.3 2.8 24 1.95 3%14.8 13.2 ( 9.6) 1.6 5% 20 3,055 2,701 20% 10 111,210 1,090 () A 550.0 85.0(97.0) 332.2 420.9 46.8% 22.4% 213.3 23.3 (3 )238.9 26.6 265.5 08

2009 09 2009 23 ARCMercury 2005 2009 20 2009 20 140.5 62009 2 CNBC6

10 20 140.540%

2009 11 900 1,600 105 600480 200 100 12 3 4 600 8 9260 () (:81)

Baa2/ BBB- / 80 ERP 12

2009 13

16 18 22 38 42 46 50 2009 15

373.2 188.9 98% 122.6 90.4 36%74.7 50.548% 91.664.2 43% 420.9 332.2 27% 363.8 103% 110% 361.097% 2.8 2.0 3% 7.4 7% 16

122.6 36% 102.7 62% 46 43.7% 31.1% 1.660% 1.613.2 9.6 11% 16% 13.3 38% 8.3 2.3 45% 2009 17

1012 1,2101,090 683 3,055 2,701 23% 10 11 1,210 1,090 18

20 3,055 2,701 20% 29.5% 22.7% 20.3% 14.3% 13.0% 47.4% 20% 8 9261 227 3,3162,928 0.2% (0.06) 22.7% (6.93) 29.5% (9.01) 13.0% (3.96) 20.3% (6.21) 14.3% (4.38) 2005 2009 35 30.55 30 25 23.58 24.84 20 15 10 5 0 10.75 15.23 05 06 07 08 09 2009 19

2009 45 89 155 788 329 329 142 394 1,782 2,629 73 162 1,274 3,176 716 2,309 140 487 48 181 265 1,553 21, 23, 25 2 6 4,971 12,103 601 81 358 1,891 1,031 1,369 825 1,594 690 1,727 509 224 3,647 6,833 1,375 126 679 1,352 1,341 4,240 57 30,550 20

2009 2009 21

2009 23

46 507 86% 477 477.9 76% 80% 104.8 56% 20140.540% V 477.9 80% 477 76%469.6 98% 81% 475.5 76%8.3 16% 24

2009 2009 0.3% 26.7% 1.8% 26.5% 25.6% 19.7% 18.5% 18.4% 14.6% 24.0% 10.5% 13.4% 2009 1,274 878 502 880 1,221 13 12,656 11,492 6,406 6,988 9,415 833 1.5% 19.5% 28.9% 10.1% 29.2% 10.8% 3,295 3,334 1,237 1,156 2,223 168 2005 2009 2005 2009 5,000 4,768 50 47.8 4,000 40 3,000 2,000 1,000 1,210 1,724 2,709 30 26.6 2,161 22.3 20 14.2 9.5 10 0 0 05 06 07 08 09 05 06 07 08 09 2009 25

15 13,000 7002009 4,359 14.1% 0708 09 2009 1,188.7 17.6%1,532.9 4.6% 2010 246 726 2009 42 1.43,750 26

1 2 2009 27

18,000724 315 200 2009 3,255 16.5% 1999 2007 2009 6.6% 2008 41.7% 2002 62 20094 667 34.5 6.94 118 28

1 2009 29

8,177 6002,6002009 GDP 3,350 11 % 06 07 08 32% 20% 42% 2009 501.76 20.59% 2010 2009 403.5 22.3% 193.5 41.2% 6035 10.86% 2008 3 17 35 2009 7 2010 621 2008 8 23.59 48.26 39.73 2009 10 1185.9 2009 813 178 263 2009 16.5 50 4.51.5 2009 365 2010 30

2009 31

46 507409 86% 2009 368 40 208 464 1,080 (21.2%) 183 501 25 97 61 867 (17.1%) 667 42 103 233 1,045 (20.6%) 383 50 138 571 (11.3%) 260 309 941 1,510 (29.8%) 5,073 32

700 900 1,600 105 600 2010 164 87 157 847 111 1,366 (22.8%) 177 568 63 175 239 1,222 (20.4%) 176 543 186 215 1,120 (18.7%) 295 372 667 (11.1%) 719 655 242 1,616 (26.9%) 9 9 (0.1%) 6,000 2009 33

2009 35

管理層討論及分析續地產發展續主要發展中項目北方地區西部地區大連英倫觀邸華北地區西安國際社區北京紫御公館佔地面積 8.7萬平方米佔地面積 64萬平方米佔地面積 7萬平方米可發展的樓面面積 16.2萬平方米可發展的樓面面積 143.4萬平方米可發展的樓面面積 23萬平方米單位數目 1,246套單位數目 10,558套單位數目 2,171套預計完工日期 2011年5月預計完工日期 2013年12月預計完工日期 2011年4月項目簡短介紹中海英倫觀邸項目地處沙河口區新項目簡短介紹位於西安曲江門戶是含別墅小項目簡短介紹項目集住宅寫字樓和商務中心於生路項目有聯排別墅低密高高層高層等多種物業形態的大型層小高層國際化社區一體的地標性高檔社區濟南紫御東郡瀋陽國際社區佔地面積 47.1萬平方米佔地面積 17.3萬平方米可發展的樓面面積 117.5萬平方米可發展的樓面面積 28.5萬平方米單位數目 12,000套單位數目 2,544套預計完工日期 2015年預計完工日期 2011年9月項目簡短介紹中海國際社區地處瀋陽長白島核心項目簡短介紹項目地處濟南東部新城規劃有聯排別墅和高層住宅版圖塑造一個南城核心大型生活社區成都國際社區佔地面積 132萬平方米可發展的樓面面積 119萬平方米單位數目 8,734套預計完工日期 2012年12月項目簡短介紹西南地區首個聯合國人居獎獲獎項目乃成都主城區最大規模高檔花園小區 36

華東地區華南地區港澳地區杭州篁外佔地面積 10萬平方米可發展的樓面面積 21萬平方米單位數目 1,047套預計完工日期 2012年項目簡短介紹篁外位於中國杭州之江國家級旅遊度假區四周群山環繞景色怡人香港牛津道一號佔地面積佛山金沙灣佔地面積 40.8萬平方米可發展的樓面面積 139.1萬平方米 3,110平方米可發展的樓面面積 5,560平方米單位數目 12套單位數目 8,200套預計完工日期 2010年預計完工日期 2012年12月項目簡短介紹九龍塘區豪華別墅項目簡短介紹中海金沙灣是廣州西部大型成熟國際化江畔社區珠海銀坑項目蘇州國際社區佔地面積 10.8萬平方米可發展的樓面面積 36.9萬平方米單位數目 900套預計完工日期 2013年12月項目簡短介紹全海景聯排別墅及高層住宅香港赤柱灘道六號佔地面積 3,770平方米佔地面積 66萬平方米可發展的樓面面積 150萬平方米單位數目 9,000套單位數目 10套預計完工日期 2013年6月預計完工日期 2010年項目簡短介紹蘇州最大規模的住宅小區為不同項目簡短介紹港島南區海景豪華別墅可發展的樓面面積 2,820平方米客戶提供舒適的居住空間 37

39 38

2009 39

24 200 2.0 13.2 24 2.0 3% 9,900 9,20051% 47% 14.8 13.2 1.6 5% 16 40

200 100 12 65 2 100,000 2011 2009 41

2009 43

20 44

5.7 1.8 3.8 2008 26% 1,7862961,490 2008 36% 2009 45

10% 213.34 23.32 43.64 39.46 81.53 55.18 88.17 128.02 213.34 222.66 23.32 23.29 96.59 333.25 245.95 238.93 90.48 94.32 155.47 420.93 332.20 (%) 22.4% 46.8% 46

20.4% 238.93 90.48 430.64 2.401.86 22.4%2009 430 7 16 2009 47

24 17.83 38% 8.29 238.93 26.62 265.55 Baa2 60.58% 12.21% 29.56% 79.33% 0.01% 9.86% 8.45% 100% 100% 48

8 3.14 25100.71 420.93 2009 2.9% 79.79 5,360 23.32 2009 49

20 140.51 100,000 2009 11 28 5 50

2009 11 2009 9 30 2009 6 12 5 8 10 2009 51

601668 28 Fordham University 23** ** 28 2009 53

17** ** 27 54

** ** 21 22 2009 55

26 CFOCFO 2006 30 56

OBE, MA Cantab. Economics & Law), Hon. DSc. Imperial), Hon. DBA (Napier), Hon. D.Hum.Litt. Trinity, USA), Hon. DSocSc (Lingnan), Hon. LLD (Hong Kong), Hon. LLD (Warwick), Hon. LLD (Cantab), FCA, FCPA, FCPA (Aust.), FCIB, FHKIB, FBCS, CITP, FCIArbOfficier de L Ordre de la Couronne AFFIN Holdings BerhadBursa Malaysia Securities Berhad **Criteria CaixaCorp, S.A. ** ** ** IMG Worldwide Holdings, Inc. ** ****SCMP ** Crédit Agricole S.A. ** ** 2009 57

2008 11 5 ** ** ** ** 58

** ** ** ** ** # Pacific Alliance Asia Opportunity Fund Limited # Pacific Alliance China Land Limited ** **** ** # 2009 59

11 ** ** 60

21 26 16 17 2009 61

18 21 ** 20 ** Troy State University 26 62

* * 1 4 2009 63

2009 65

30 2009 20 1.1 TOP10 TOP10 2009 9600250 5 122,000 2009 9 2009 9 66

50 10 2009 2009 67

2009 11,097 1,4409,034 360263 1,182 9,915 2009 2009749 14,546 10 2009 68

2010 40 30,00013,670 50 160 177 2008 42009 17 EMBA 2009 69

2009 6 70

2009 2008 2009 2009 71

A.4.1 A.4.2 72

1381 4 8 1 4 52 60 2009 73

A.4.1 A.4.2 A.4.1 A.4.2 (1) (2) 1/33 31/3 74

(1) (2) 3.13 A.4.3 9 http://www.coli.com.hk (1) (2) 2009 75

* * * * * * * * * * * * * * * 76

2009 4/4 3/3 4/4 3/3 3/4 3/4 1 1/1 2 1/1 2/4 2 0/1 4/4 4/4 4/4 3/3 3/3 4/4 4/4 3/3 3/3 4/4 4/4 3/3 3/3 3 3/3 4/4 2/2 2/2 4 3/3 3/3 5 3/3 (1) 2009 8 17 (2) 2009 8 17 (3) 2009 2 2 (4) 2009 8 17 (5) 2009 8 17 2009 77

6,300,000 500,000 2010 78

861 62 # 1,000,000 0.012% 3,176,564 0.039% 93,095 0.001% 97,095 0.001% 0 0.000% 110,000 0.001% 180,480 0.002% 550,000 0.007% 5,207,234 0.064% # 2009 12 31 8,169,023,647 20 http://www.coli.com.hk 2009 79

2009 1000 2009 ( ) 2009 TOP10 TOP10 TOP10 TOP10 2007 2008 2009-2010 2009CIHAF 80

2009CIHAF 2009 TOP10 TOP10 2009 TOP10 2009 1 2009 A B 20 140.51 CNBC 2009 ( ) - 4-1 - CNBC 2009 81

83 85 96 117 119 120 122 123 124 126 207 209 82

24.0 35.5 56.9 64.2 91.6 7 10 12 13 20 3 4 5 6 7 4 6 7 7 13 173.2 220.5 339.4 423.1 515.3 (%) 39.2 34.0 30.2 46.8 22.4 7.9 6.4 11.8 7.3 15.5 7,930,763 10,910,234 16,632,553 18,892,373 37,321,630 2,291,557 3,111,364 7,101,633 9,040,811 12,259,248 1,534,684 2,370,750 4,179,579 5,048,637 7,468,928 * 2,785,175 3,142,911 4,867,116 6,703,587 7,996,099 1,717,500 2,166,857 2,660,587 2,130,890 2,760,515 1,342,988 853,726 3,186,905 4,862,353 10,102,218 11,728,244 18,288,562 30,174,160 41,943,853 43,063,749 (6,793,661) (9,562,647) (15,098,666) (22,756,295) (22,112,950) 10,780,246 14,889,409 25,790,102 32,884,388 41,809,631 * 2009 83

51 20 21 7 8 119 713 7 7 6 20 12336 207 208 209 212 1,319,500,000 16 17 2009 85

35 37 600,798,000 86

105(A) 96 3.13 13 5262 2009 87

(1) 01.01.2009 # 31.12.2009 18.06.2004 (vi) 1,344,000 15,334 1,359,334 1,344,000 15,334 1,359,334 18.06.2004 (vi) 576,000 6,572 582,572 576,000 6,572 582,572 18.06.2004 (vi) 400,000 4,564 404,564 400,000 4,564 404,564 18.06.2004 (vi) 576,000 6,572 582,572 576,000 6,572 582,572 18.06.2004 (vi) 320,000 3,651 323,651 320,000 3,651 323,651 18.06.2004 (vi) 80,000 913 80,913 2009 8 17 80,000 913 80,913 18.06.2004 (vi) 128,000 1,460 (129,460) 0 128,000 1,460 (129,460) 0 18.06.2004 (vi) 160,000 1,825 161,825 2009 8 17 160,000 1,825 161,825 3,584,000 40,891 (129,460) 3,495,431 * 24.10.2001 (v) 18.06.2004 (vi) 6,904,000 78,766 (4,167,004) 2,815,762 6,904,000 78,766 (4,167,004) 2,815,762 10,488,000 119,657 (4,296,464) 6,311,193 # 17.03(13) * 88

(2) 1.13 1.118 10,488,000 10,607,657 6,311,193 0.08% 6,311,193 0.08% (3) 4,296,464 24.10.2001 (v) 18.06.2004 (vi) 25.06.2009 0 945,309 945,309 12.87 03.07.2009 0 445,020 445,020 13.08 10.07.2009 0 853,630 853,630 13.23 05.08.2009 0 428,836 428,836 13.80 07.09.2009 0 161,826 161,826 14.24 16.09.2009 0 542,115 542,115 14.39 13.10.2009 0 207,696 207,696 14.64 24.11.2009 0 287,240 287,240 14.97 18.12.2009 0 424,792 424,792 15.17 0 4,296,464 4,296,464 2009 89

(3) (a) (i) 17.07.1997 17.07.1997 16.07.1998 17.07.1998 16.07.2007 4.06 (ii) 14.02.1998 14.02.1998 13.02.1999 14.02.1999 13.02.2008 1.08 (iii) 30.09.1998 30.09.1998 29.09.1999 30.09.1999 29.09.2008 0.52 (iv) 04.01.2000 04.01.2000 03.01.2001 04.01.2001 03.01.2010 0.58 (v) 24.10.2001 24.10.2001 23.10.2002 24.10.2002 23.10.2011 0.69 (vi) 18.06.2004 18.06.2004 17.06.2009* 18.06.2005 17.06.2014 1.13 03.02.2009 1.118) * 35 (b) 352 XV (a) 1 2 7,435,760 1,359,334 8,795,094 0.108% 5,670,600 582,572 6,253,172 0.077% 1,530,680 404,564 1,935,244 0.024% 3,036,800 582,572 3,619,372 0.044% 1,048,320 323,651 1,371,971 0.017% 453,440 80,913 534,353 0.007% 750,080 0 750,080 0.009% 1,110,000 161,825 1,271,825 0.016% 6,000,000 0 6,000,000 0.073% 90

(b) 3 4 2,988,800 3,160,834 6,149,634 0.208% 3,206,240 1,843,820 5,050,060 0.171% 0 2,801,188 2,801,188 0.095% 3,306,240 1,843,820 5,150,060 0.174% 1,437,696 1,264,334 2,702,030 0.091% 1,043,840 614,607 1,658,447 0.056% 2,416,086 526,805 2,942,891 0.100% 0 614,607 614,607 0.021% 100,000 0 100,000 0.003% 1. 2. 8,169,023,647 3. 0.99 0.2475 0.2345 20% 4. 2,954,572,648 2009 91

XVXV XV 352 18 8.10 92

336 1) 2 434,754,928 5.32% 3,837,380,380 52.30% 3.00% 434,754,928 245,197,740 3 4,272,135,308 245,197,740 52.30% 3.00% 3 4,272,135,308 245,197,740 52.30% 3.00% JP Morgan Chase & Co. 54,349,526 25,344,120 241,994,595 5.99% 0.31% 2.96% 192,921,188 241,994,595 1. 8,169,023,647 2. 434,754,928 3. 52.66% 4,272,135,308 2009 93

336 1% 58%16% 5% 96116 49 38,000,000 94

122,000 72 79 2009 95

80% 50 50 AA10 1/03 A10 2/03 A10 4/03 A11 1/03 CC01 3/03 C01 5/03 285 96

50% 688 79% 11% 10% 2009 97

94%52.64% 22 3311 250,000,000 Harmony China Real Estate Fund, L.P. COLI ICBCI China Investment Management (Cayman Islands) Limited 98

COLI ICBCI China Real Estate GP Limited Golden Queen Golden Queen International Limited Goldmond Goldmond Company Limited R+R1 50% 2009 99

60% 70% 100

Goldmond90% 10% 75% 25% 2009 101

6B (B6) 7C COLI ICBCI China Real Estate SLP Limited 50% 162 526 4 % A (1) 70% 20% Golden Queen10% Golden Queen 64,000,000 19,000,0009,000,000 Golden Queen 102

(2) 70% 20% Goldmond10% Goldmond 720,000,000 80,000,000 Goldmond Goldmond (3) 60% 10% 30% 1,056,000,000 176,000,000 ** (4) 02,000,000 011,700,000 2009 103

**B 14A.34 (5) A 139 111,972 26 A B C D B 139 168,273 27 C 139 168,273 28 D 139 336,546 2930 64.3% 50.7% 104

2630 6,616,4288,635,7048,972,250 2.5% 4,710,384 4,373,838 8,972,250 D(10) C 14A.32 (6) 50 50 50% 50% 2009 105

50 50 4,100,000,000 4,659,000,000 730,000,000 829,500,000 500,000,000 568,200,000 30% 820,000,000 931,800,000 20% 820,000,000 931,800,000 20% 1,230,000,000 1,397,700,000 286 325 10% 50% 106

40% 60% 14A.10 2.5%14A (7) 50 50 700,000,000 795,500,000 50% 2009 107

2,700,000,000 3,068,200,000 700,000,000795,500,000 760,000,000863,600,000 60 1,240,000,0001,409,100,000 513 583.0 50% 40% 60% 14A.10 2.5%14A 108

(8) 250,000,000 1,950,000,000 500,000,000 3,900,000,000 250,000,000 1,950,000,000 45 45 10 50 50 45 45 10 45 45 10 450,100 450,101 100,011 120,000,000 936,000,000120,000,000 936,000,000 10,000,000 78,000,000 250,000,000 1,950,000,000 2009 109

(i) (ii) (iii) (iv) (1) (2) 80% 14A 14A 0.1% 2.5% 14A.45 14A.47 110

D14A.16 5 14A.17 14A.35 14A.43 ** (9) 1,600,000,000 933,300,000 1,600,000,000 666,700,000 14A 14A.10 2.5% (10) 2009 111

764,000,000 933,300,000 ** (10) (a) (b) (c) (d) (e) 1,600,000,000 200,000,000 900,000,000 6,616,428 8,635,704 8,972,250 30,000,000 112

(a) (b) (c) 1,000,000,000 2,000,000,000 2,000,000,000 1,000,000,000 6,000,000 12,000,000 12,000,000 6,000,000 15,000,000 30,000,000 30,000,000 15,000,000 2009 113

51.7% 62.9% 14A 14A.10 2.5% 14A.10 0.1% 14A.10 2.5% 136,931,626 1,000,000,000 4,301,172 6,000,000 13,655,500 15,000,000 114

(11) 7,006,000,000 7,961,000,000 10,300,000,000 11,705,000,000 10,000,000 11,400,000 5,000,000 50% 50% 30% 20% 5,150,000,000 5,852,000,000 50% 14A 5% 14 14A 2009 115

14A.38 i ii iii ** 116

119 206 2009 117

118

7 37,321,630 18,892,373 (24,969,281) (10,158,765) (574,826) (562,909) 11,777,523 8,170,699 16 1,319,532 1,666,701 276,350 10,452 (24,049) 9 478,545 525,875 (529,324) (677,754) (797,480) (897,010) 12,259,248 9,040,812 3,683 (10,982) 19,238 (26,848) 10 (228,414) (417,682) 12,053,755 8,585,300 11 (4,449,692) (3,513,018) 12 7,604,063 5,072,282 5,026 1,487,075 13,101 1,315 311,675 2,317 3,380 (114,361) 54,440 72,945 63,098 1,773,815 7,667,161 6,846,097 7,468,928 5,048,637 135,135 23,645 7,604,063 5,072,282 7,530,334 6,755,120 136,827 90,977 7,667,161 6,846,097 15 91.6 64.2 91.5 64.0 2009 119

16 7,747,599 6,428,067 17 248,500 275,520 18 52,379 63,465 20 180,600 164,581 21 2,558,944 1,947,655 22 20,971 18,654 23 87,424 90,108 23 9,172,006 4,071,170 23 436 1,056 25 30,161 42,443 43 109,021 109,021 40 650,791 485,090 20,858,832 13,696,830 26 3,718 2,999 27 50,447,028 53,978,804 28 9,506 18 4,013 3,846 29 1,120,299 1,044,655 1,059,712 1,267,327 15,934,835 1,652,747 30 618,249 30 142,929 613,246 30 276,369 3,312,030 30 75,007 138,647 331,926 231,407 31 23,862,725 9,006,148 93,258,561 71,879,611 32 10,963,564 7,824,472 1,214,275 17,522,447 11,846,616 1,240,783 434,248 33 9,659,281 33 251,292 174,934 33 209,906 181,905 33 524,249 483,658 5,459,135 3,829,624 37 4,364,155 3,946,026 50,194,812 29,935,758 43,063,749 41,943,853 63,922,581 55,640,683 120

35 816,902 785,070 41,276,170 32,434,712 42,093,072 33,219,782 (283,441) (335,394) 41,809,631 32,884,388 37 16,969,870 18,320,005 38 2,332,426 2,329,431 39 820,310 850,983 40 1,990,344 1,255,876 22,112,950 22,756,295 63,922,581 55,640,683 119 206 2009 121

17 1,343 5,649 18 123 185 19 1,746,798 1,304,616 24 7,139,898 7,280,615 8,888,162 8,591,065 27 1,751 1,775 18 62 62 29 27,552 29,446 9,828 7,131 24 36,989,917 24,466,212 118 118 31 3,380,844 1,985,424 40,410,072 26,490,168 32 20,140 111,243 1,214,275 148 148 33 9,659,281 34 1,520,101 1,763,590 37 877,500 25 21,723 11,986 12,098,893 3,101,242 28,311,179 23,388,926 37,199,341 31,979,991 35 816,902 785,070 36 20,525,344 17,753,955 21,342,246 18,539,025 37 13,460,500 11,038,000 34 2,377,198 2,377,168 25 19,397 25,798 15,857,095 13,440,966 37,199,341 31,979,991 122

774,371 15,148,517 18,798 3,380 22,950 15,230 1,870,174 (142,775) 350,384 8,221,011 26,282,040 (491,938) 25,790,102 5,048,637 5,048,637 23,645 5,072,282 1,419,743 1,419,743 67,332 1,487,075 13,101 13,101 13,101 311,675 311,675 311,675 3,380 3,380 3,380 (114,361) (114,361) (114,361) 72,945 72,945 72,945 3,380 1,630,158 72,945 5,048,637 6,755,120 90,977 6,846,097 (543,799) (543,799) (543,799) 1,236 14,986 (2,287) 13,935 13,935 (12) (12) (12) 9,463 1,173,434 1,182,897 1,182,897 (129) (129) (129) 725 725 725 65,567 65,567 (470,995) (470,995) (470,995) 151,579 (151,579) 785,070 16,336,796 18,798 1,818 22,950 18,610 3,500,332 (69,830) 501,963 12,103,275 33,219,782 (335,394) 32,884,388 7,468,928 7,468,928 135,135 7,604,063 3,334 3,334 1,692 5,026 1,315 1,315 1,315 2,317 2,317 2,317 54,440 54,440 54,440 2,317 4,649 54,440 7,468,928 7,530,334 136,827 7,667,161 (571,531) (571,531) (571,531) 31,402 2,480,821 2,512,223 2,512,223 (30,346) (30,346) (30,346) 430 5,200 (826) 4,804 4,804 (626) (626) (626) 199 199 199 49,145 49,145 (571,767) (571,767) (571,767) (158,845) (158,845) 82,156 82,156 (57,330) (57,330) 217,748 (217,748) 816,902 18,791,845 18,798 1,191 22,950 20,927 3,504,981 (15,390) 719,711 18,211,157 42,093,072 (283,441) 41,809,631 a b a b 2009 123

12,053,755 8,585,300 (3,683) 10,982 (19,238) 26,848 228,414 417,682 40,490 73,643 (403,273) (231,292) 199 725 (1,319,532) (1,666,701) (276,350) 1,164 (4,316) (10,452) 24,049 10,567,844 6,960,570 (1,272) 3,641 (719) 1,176 4,762,242 (11,955,784) 19,958 39,785 135,280 155,376 (14,279,723) 879,501 421,623 88,613 9,591,572 3,530,106 11,216,805 (297,016) (2,357,082) (2,555,487) 8,859,723 (2,852,503) 206,005 155,457 101,111 12,455 125 13,554 49,697 (24,093) (1,441,281) 42 456,072 500,857 329,896 (2,199,143) (4,892,792) 23,868 620 817 619,134 41 (507,984) (869) (335,778) 7,016 13,790 9,334 (1,605,780) (5,296,352) 124

(766,365) (1,213,295) (15,324) (62,909) (1,143,298) (1,014,794) (158,845) 1,271,780 1,196,691 5,026,292 11,923,393 (5,990,161) (3,990,376) 1,214,275 (57,330) 9,659,281 209,751 76,108 39,070 1,622 3,654 114,972 (41,413) 8,018,732 8,264,047 15,272,675 115,192 8,503,256 7,886,655 5,525 501,409 44 23,781,456 8,503,256 2009 125

1. 1 3 10 2. 12007 23 2007 24 32 1 1 27 2 7 8 9 39 13 15 16 18 2527 5 3980 126

2. 12007 12007 8 8 8 7 7 15 15 24 24 24 2009 127

2. 5 1 2 24 2527 6 27 1 32 4 39 1 1 3 1 7 5 2 3 32008 1 9 7 14 6 17 1 19 5 1 2 3 4 5 6 7 3 272008 9 39 (i) (ii) 9 128

2. 17 17 17 17 3. 2009 129

3. 3 5 130

3. 2009 131

3. 132

3. 2009 133

3. 134

3. 2009 135

3. 136

3. (i) 37 (ii)18 2009 137

3. 138

3. 2009 139

3. 2 140

4. 3 (a) 7,748,000,000 6,428,000,000 (b) 1,430,000,000 1,089,000,000 (i) 10% 14% (ii) 2009 141

4. (c) 50,447,000,00053,979,000,000 9,448,000,000 7,383,000,000 230,000,000 703,000,0006(b)(ii) (d) 5. 33 37 38 142

6. 3 6a. 9,506 34,767,356 18,937,752 47,538,211 33,761,697 20,971 18,654 46,095,053 34,111,414 27,914,720 15,290,001 41,120 37,784 6b. 2009 143

6. 6b. (i) 14,338,000,000 11,038,000,000 1,151,000,000 980,000,000 81,000,000503,000,000 171,000,000 340,000,000 6,996,000,000 11,228,000,000 2,332,000,0002,329,000,000 4,476,000,000 4,595,000,000 100 100 100 95,548,000 69,186,000 36,326,000 31,396,000 144

6. 6b. (i) 100 100 135,942,000 110,380,000 2,940,986 3,326,552 37,356,594 33,261,899 6,760,362 6,505,192 528,012 499,798 14,637,766 11,191,310 15,883,916 12,912,833 2,395,830 2,392,835 2,380,484 2,399,075 5% 10% 5% 10% 2009 145

6. 6b. (i) 5% 10% 5% 10% 584,839 786,476 (218,227) (411,236) (1,073,634) (2,034,907) 92,624 189,928 146

6. 6b. (ii) 46 70% 2009 147

6. 6b. (iii) 2,662,000,0004,452,000,000 37 148

6. 6b. (iii) % 7,541,287 1,860,131 800,358 752,266 9,522 10,963,564 10,963,564 9,659,281 9,659,281 9,659,281 209,906 209,906 209,906 524,249 524,249 524,249 251,292 251,292 251,292 6.00 864,232 864,232 820,310 1.15 414,337 39,560 580,848 13,683,720 14,718,465 14,338,000 5.15 655,500 1,627,137 1,479,730 3,636,966 7,399,333 6,996,025 5.75 3,871 67,275 2,609,100 2,680,246 2,332,426 7,979,000 7,979,000 27,238,723 3,526,828 2,928,211 21,546,284 9,522 55,249,568 46,095,053 % 6,230,524 423,287 665,357 489,385 15,919 7,824,472 7,824,472 181,905 181,905 181,905 483,658 483,658 483,658 174,934 174,934 174,934 6.00 899,707 899,707 850,983 2.06 56,613 56,613 114,470 11,646,407 11,874,103 11,038,000 7.03 587,381 970,818 2,856,026 7,883,917 12,298,142 11,228,031 5.75 3,871 67,275 2,743,650 2,814,796 2,329,431 5,217,000 5,217,000 12,935,886 1,450,718 3,703,128 23,663,066 15,919 41,768,717 34,111,414 2009 149

6. 6b. (iii) % 20,140 20,140 20,140 9,659,281 9,659,281 9,659,281 1,520,101 1,520,101 1,520,101 5.75 136,688 2,513,887 2,650,575 2,377,198 1.15 414,337 39,560 580,848 13,683,720 14,718,465 14,338,000 33,000 4,990,007 5,023,007 41,120 11,613,859 39,560 750,536 21,187,614 33,591,569 27,955,840 % 89,342 21,901 111,243 111,243 1,763,590 1,763,590 1,763,590 5.75 136,687 2,650,542 2,787,229 2,377,168 2.06 56,613 56,613 114,470 11,646,407 11,874,103 11,038,000 4,829,227 4,829,227 37,784 1,909,545 56,613 273,058 19,126,176 21,365,392 15,327,785 150

6. 6c. 38 2009 151

7. 36,382,883 17,891,210 195,040 201,792 565,546 448,263 178,161 351,108 37,321,630 18,892,373 8. 8 8 14 8 14 8 152

8. 36,382,883 195,040 743,707 37,321,630 10,475,868 1,479,599 16,454 11,971,921 17,891,210 201,792 799,371 18,892,373 6,730,746 1,839,954 138,617 8,709,317 3 11,971,921 8,709,317 403,273 231,292 276,350 3,683 (10,982) 19,238 (26,848) (115,946) (176,147) (228,414) (417,682) 12,053,755 8,585,300 2009 153

8. (1,103) (61) (1,164) 19,176 5,281 16,033 40,490 1,319,532 1,319,532 4,316 4,316 22,054 6,153 45,436 73,643 1,666,701 1,666,701 7 154

8. 10,807,584 7,779,026 787,065 767,185 8,335,747 3,835,700 1,730,364 1,587,967 4,325,800 1,359,464 5,434,032 4,229,579 5,921,566 1,687,466 13,428 14,067 7,360,654 3,261,853 407,391 238,341 318,613 760,752 2,392,620 2,026,901 251,666 208,112 132,143 124,269 37,321,630 18,892,373 10,897,043 8,988,309 9. 141,016 75,841 64,744 78,938 12,336 15,675 184,932 60,160 245 678 403,273 231,292 34,821 168,473 4,316 2009 155

10. 631,815 1,078,745 134,550 134,550 47,523 61,913 15,324 62,909 829,212 1,338,117 (600,798) (920,435) 228,414 417,682 2.94% 3.84% 11. 6,942 36,888 7,227 20,196 2,502,658 1,661,884 1,465,641 1,464,857 3,982,468 3,183,825 62 3,179 7,861 76,604 17,295 * (178,209) 360 (101,543) 28,695 40 568,767 324,723 (24,225) 568,767 300,498 4,449,692 3,513,018 * 156

11. 16.5% 16.5% 25% 25% 40 12,053,755 8,585,300 25% 25% 3,013,439 2,146,325 1,465,641 1,464,857 (366,410) (366,214) 80,642 99,555 (68,448) (123,069) (101,543) 28,695 123,103 201,374 (55,628) (25,481) (5,730) 9,458 360,610 217,688 (43,334) (31,535) (39,377) 10,697 (24,225) 86,727 (95,107) 4,449,692 3,513,018 2009 157

12. 8,497 7,143 36,477 69,797 4,013 3,846 568,741 542,845 21,279 24,083 10,545 2,667 82,562 53,970 1,164 24,969,258 10,136,752 6,093 13,254 21,720,000 16,640,000 (173,320) (185,152) 38,000,000 30,000,000 158

13. 5,296 7,275 12 12,583 360 1,570 1,930 280 1,484 1,764 757 186 5 948 3,762 6,470 12 10,244 3,162 6,190 12 9,364 3,171 6,240 12 9,423 1,800 5,495 12 7,307 1,297 3,423 7 4,727 1,040 5,091 6,131 1,323 316 7 1,646 360 360 250 250 360 360 360 360 1,330 22,248 43,740 79 67,397 730 10 740 3,253 3,847 12 7,112 3,000 3,500 12 6,512 3,032 3,500 12 6,544 1,699 3,168 12 4,879 1,881 3,095 12 4,988 1,117 3,596 4,713 2,099 315 12 2,426 360 360 250 250 250 250 860 16,811 21,021 82 38,774 2009 159

13. 14. 20097 6 571,767 470,995 20087 7 571,531 543,799 1,143,298 1,014,794 13 2009 20087 1,062,000,000 571,000,000 160

15. 7,468,928 5,048,637 8,153,422 7,869,726 8,656 14,625 6,489 8,162,078 7,890,840 16. 2,634,750 a 2,182,224 b 43,812 42(b) (99,420) a 1,595,876 70,825 6,428,067 1,319,532 7,747,599 2009 161

16. (a) 37.8 16 (b) 404,100 326,200 1,883,500 1,590,900 132,000 124,000 5,327,999 4,386,967 7,747,599 6,428,067 162

17. 1,020,281 277,605 823,365 207,000 139,737 2,467,988 63,052 15,938 57,249 20,971 13,266 170,476 1,098,891 4,799 44,368 51,927 241,296 1,441,281 (93,280) (887,681) (48,015) (394,299) (1,423,275) (200) (504) (16,982) (17,686) (2,182,224) (2,182,224) 204,862 36,797 214,901 456,560 215 2 267 484 2,665 194 21,234 24,093 (10,649) (56) (21,109) (31,814) 197,093 36,937 215,293 449,323 31,440 100,646 103,536 235,622 4,777 5,017 15,606 25,400 10,634 21,849 37,314 69,797 (20,833) (91,068) (25,210) (137,111) (55) (292) (12,321) (12,668) 25,963 36,152 118,925 181,040 32 134 166 7,770 202 28,505 36,477 (2,159) (36) (14,665) (16,860) 31,606 36,318 132,899 200,823 165,487 619 82,394 248,500 178,899 645 95,976 275,520 2009 163

17. 950 27,307 28,257 138 138 (2,271) (2,271) 950 25,174 26,124 375 375 (1,339) (1,339) 950 24,210 25,160 641 16,823 17,464 62 4,826 4,888 (1,877) (1,877) 703 19,772 20,475 62 4,614 4,676 (1,334) (1,334) 765 23,052 23,817 185 1,158 1,343 247 5,402 5,649 164

17. 244 303 77,678 81,426 87,565 97,170 185 247 165,487 178,899 185 247 25 3 10 3 8 18. 1,038 1,039 4,285 4,408 51,069 61,864 185 247 56,392 67,311 185 247 52,379 63,465 123 185 4,013 3,846 62 62 56,392 67,311 185 247 2009 165

19. 1,746,798 1,304,616 51 20. 72,651 60,315 107,949 104,266 180,600 164,581 12,336,000 12,336,000 30% 40% 166

20. 30 3,193,222 3,758,100 (6,821,040) (7,530,349) (3,627,818) (3,772,249) 180,600 164,581 792,072 1,070,373 148,378 118,197 32,752 3,683 (10,982) 13,101 31,603 35,393 (1,225,383) (1,256,986) 2009 167

20. 42,000,000 :60,000,000 999,000,000 : 957,000,000 421,000,000421,000,000 21. 2,082,060 1,390,213 476,884 557,442 2,558,944 1,947,655 356,069,000 184,932,000 168

21. 65%^ 65%^ 50% 50% ** 50% # 50% # 50% # 50% # * 60%^ 60%^ 60%^ 60%^ *** * 45%^ 45%^ 45%^ 45%^ *** 50% 50% 50% 50% * 50% 50% 50% 50% * 50% 50% 50% 50% *** * 50% 50% 60%^ 35%^ 2009 169

21. # 42(c) * ** *** ^ 12,969,824 8,592,544 2,784,963 2,921,583 3,337,029 4,111,263 9,950,540 5,492,868 1,247,929 529,203 1,282,758 572,781 1,315 311,675 54,067 16,730 91,726 37,659 170

22. 20,971 18,654 % 8 Dramstar Company Limited 12 Moricrown Ltd.* 7 10 * 2009 171

23. 84,579 2,845 87,424 87,263 2,845 90,108 7,990,329 1,181,677 9,172,006 3,091,321 979,849 4,071,170 436 436 1,056 1,056 113,800,000340,100,000 8.22% 8.22% 6.83% 9.08% 6% 10.81%) 6% 6% 4,609,017,000 3,119,098,000 172

24. 2,707,510 4,432,388 7,139,898 2,731,106 4,549,509 7,280,615 36,946,268 43,649 36,989,917 24,420,426 45,786 24,466,212 2.8% 5%3.5% 6.5%% 5%5% 7,139,898,0007,280,615,000 34,476,210,000 31,746,829,000 2009 173

25. a 2,035 763 b 28,126 41,680 30,161 42,443 21,723 11,986 18,187 11,986 1,210 13,812 41,120 37,784 (21,723) (11,986) 19,397 25,798 (a) (b) 0.3% 3.0% 0.5% 3.9% 26. 3,718 2,999 174

27. 8,938,605 7,717,512 1,751 1,775 41,508,423 46,261,292 50,447,028 53,978,804 1,751 1,775 26,091,523,00029,032,504,000 28. 9,506 29. 60 2009 175

29. 0 30 456,328 465,073 31 90 112,286 208,288 90 385,014 239,959 953,628 913,320 166,671 131,335 27,552 29,446 1,120,299 1,044,655 27,552 29,446 30. 57,000,000 8.22% 83,000,000 5.31% 143,000,000 613,000,000 176

31. 81,269,000 502,892,000 0.08% 4.00% 0.01% 4.83% 2,911,509 2,668,566 2,852,832 1,485,626 2,014,572 1,360,168 528,012 499,798 32. 0 30 4,432,739 4,076,519 31 90 736,717 401,001 90 2,756,358 1,415,166 7,925,814 5,892,686 1,706,713 960,452 20,140 111,243 1,331,037 971,334 10,963,564 7,824,472 20,140 111,243 762,000,000 505,000,000 2009 177

33. 9,659,281,000 5,681,818,000 34. 5.75% 5.75% 2,377,198 2,377,168 1,520,101 1,763,590 35. 0.1 10,000,000 1,000,000 10,000,000 1,000,000 7,850,699 785,070 7,743,706 774,371 314,027 31,402 4,296 430 12,362 1,236 94,631 9,463 8,169,022 816,902 7,850,699 785,070 178

35. 8 314,012,448314,083,488 2,512,099,584 314,027,968 0.1 30,346,000 2,481,877,000 4,296,4641.118 4,804,000 106,993,000 12,362,000 0.581.13 13,935,000 94,631,00012.50 1,182,897,000 10 10% 1% 1% 0.1%5,000,000 2009 179

35. 28 1 1 9 (i)(ii) (iii) 2 # 1.118 10,488,000 119,657 (4,296,464) 6,311,193 6,311,193 15.64 19.00 1.13 1.118 1.118 1.118 1.118 1.118 1.08 1,370,000 (450,000) (920,000) 13.60 14.70 0.58 20,000 (20,000) 13.34 1.13 22,380,000 (11,892,000) 10,488,000 1,388,000 6.70 15.56 23,770,000 (12,362,000) (920,000) 10,488,000 1,388,000 1.13 1.13 1.08 1.13 1.13 180

35. # 3,604,000 41,119 (129,460) (20,228) 3,495,431 5,864,000 (2,260,000) 3,604,000 # 17.03(13) 20,228 262,966 242,738 1.13 65,140,000 13,028,000 13,028,000 13,028,000 13,028,000 13,028,000 2009 181

36. 15,148,517 18,798 3,380 721,623 15,892,318 1,732,555 1,732,555 (42,841) (42,841) (42,841) 1,732,555 1,689,714 (543,799) (543,799) 1,188,420 (2,287) 1,186,133 (141) (141) 725 725 (470,995) (470,995) 16,336,796 18,798 1,818 (42,841) 1,439,384 17,753,955 1,431,124 1,431,124 29,141 29,141 29,141 1,431,124 1,460,265 (571,531) (571,531) 2,486,021 (826) 2,485,195 (30,972) (30,972) 199 199 (571,767) (571,767) 18,791,845 18,798 1,191 (13,700) 1,727,210 20,525,344 1,727,000,000 1,439,000,000 182

37. 4,364,155 3,946,026 877,500 8,152,583 5,517,565 5,097,500 390,000 8,817,287 12,802,440 8,363,000 10,648,000 21,334,025 22,266,031 14,338,000 11,038,000 (4,364,155) (3,946,026) (877,500) 16,969,870 18,320,005 13,460,500 11,038,000 69.96 112.28 4.86% 6.75% 5.18% 7.56% 143.38 110.38 (a) 26.0 0.38% 0.99% 1.83% (b) 35.0 0.32% 0.81% 1.77% (c) 34.38 0.90% 1.43% 2.35% 2009 183

37. 14,338,000 11,038,000 2,662,000,000 4,452,000,000 38. 2,332,426 2,329,431 99.404% 300,000,000 5.75% 2,424,000,000 2,113,000,000 39. 6% 6% 184

40. 32,982 387,499 53,308 473,789 1,463 594,099 217,688 (485,090) (3,437) 324,723 42(b) (1,580) (1,921) (3,501) (441) (13,753) (10,031) (24,225) 32,424 965,924 217,688 (485,090) 39,840 770,786 4,626 364,757 360,610 (165,701) 4,475 568,767 37,050 1,330,681 578,298 (650,791) 44,315 1,339,553 650,791 485,090 (1,990,344) (1,255,876) (1,339,553) (770,786) 6,675,000,0006,956,000,000 314,000,000 400,000,000 470,000,000 576,000,000 2009 185

41. 508,000,000 507,984 16 508,000 508,000 (508,000) 16 (507,984) 42. (a) 200,000,000 Value Idea Investments LimitedValue Idea Value Idea 196,420 (31,343) 34,925 200,002 200,002 200,002 36,000,00012,000,000 186

42. (b) 1,328,000,000 99,420 1,286,164 30,604 3,461 153,662 84,102 243,930 (209,380) (4,643) (369,652) (3,501) 1,314,167 (83,018) 96,851 1,328,000 500,000 828,000 1,328,000 500,000 (243,930) 256,070 366,000,000 300,000,00034,000,000 45,000,000 2009 187

42. (c) 50% 67,000,000523,000,000 2008 50% 100% 523,000,000 653,000,000 145,000,000 378,026 378,026 144,574 522,600 188

43. 109,021 109,021 100% 44,496,000 100% 64,525,000 8 10% 10% 44. 23,862,725 9,006,148 31 (81,269) (502,892) 23,781,456 8,503,256 45. 7,748,000,0006,428,000,000 83,000,000 87,000,000 195,000,000202,000,000 185,000,000187,000,000 2009 189

45. 201,523 168,650 250,981 193,530 87,425 65,169 539,929 427,349 31,957 29,287 63,922 11,456 95,879 40,743 24,253 22,598 58,520 7,533 82,773 30,131 190

46. (a) (i) 3,976,132 3,226,529 23,248 29,740 3,999,380 3,256,269 (ii) 40,567,636 28,750,113 12,348,925 10,393,790 52,916,561 39,143,903 56,915,941 42,400,172 (b) 455,432 47. (a) 2,857,581 2,499,796 2,690,581 2,499,796 2009 191

47. (b) 7,979,000,000 5,217,000,000 (c) 38 2,332,000,000 2,329,000,000 (a) (c) 48. 54,000,000 54,000,000 28,000,000 42,000,000 25 49. 42 (a) 185,000,000 23,300,000 (b) 68,000,000 4,300,000 43,900,000 192

49. (c) 56,000,000 20,000,000 30,000,000 6,000,00018,300,000 (d) 900,000,000 1,600,000,000200,000,000 139,700,000 76,100,000 1,000,000,000 2,000,000,000 1,000,000,000 136,900,000 2009 193

49. (e) 6,600,000 8,600,000 9,000,000 4,700,0009,300,000 6,000,000 12,000,000 6,000,000 4,300,000 (f) 30,000,000 11,400,000 9,700,000 15,000,000 30,000,000 15,000,000 13,700,000 12,900,000 194

49. (g) 1,600,000,000 1,691,000,000 1,092,000,000 933,000,000 1,061,000,000 1,600,000,000 1,818,000,000 667,000,000758,000,000 868,000,000 1,672,000,000 (h) 900,000 900,000 (i) (j) 102,615 63,224 19 70 79 82 102,713 63,376 2009 195

49. (k) 12,300,000 15,600,000 184,900,00060,200,000 (l) (g) 23 30 3324 34 196

50. (a) 2.90 157,045,368 30%23.08% 157,045,3684.6 J.P. Morgan Securities (Asia Pacific) Limited 5.00 680,529,930 157,045,368 523,484,562 76.92% 26.2 50.1% 25% 25% (b) 2.5 19.5 2009 197

51. % % 100,000 1 100 100,000 1 100 Arch Regent Investments Limited (i) 1 1 100 (iv) 10,000,000 100 (iv) 50,000,000 100 (iv) 50,000,000 100 (v) 10,000,000 100 30,000,000 100 (v) (iv) 12,000,000 100 11,920,000 72 (iv) (v) 16,000,000 93.75 (v) 5,000,000 100 (v) 29,000,000 100 198

51. % % (iv) 10,000,000 100 100 1 100 China Overseas Finance (Cayman) I 1 1 100 Limited (vii) 2 1 100 2 1 100 (vii) 1 0.10 100 100 1 100 2 1 100 (iii) 2,610,200,000 100 100 10 100 10,000,000 1 100 2009 199

51. % % 10 10 100 (i) 1 1 100 (i) 1 1 100 2 1 100 5,000,000 10 100 1 1 100 500,000 10 100 (viii) 25,000 100 10,000 100 100 50,000,000 78 (ii) (ii) 262,500,000 100 (ii) 17,000,000 100 (ii) 20,000,000 100 (ii) 420,000,000 80 (v) 49,800,000 100 (ii) 50,000,000 100 (v) 20,000,000 100 (v) 20,000,000 100 (ii) 33,000,000 100 (ii) 21,000,000 100 200

51. % % (ii) 13,250,000 100 (ii) 30,000,000 100 (v) 921,970,000 100 (ii) 250,000,000 100 (ii) 500,000 100 (v) 15,800,000 100 (v) 379,740,000 100 (v) 368,623,780 100 (v) 99,800,000 100 (ii) 136,620,000 100 (v) 1,496,781,720 100 (iv) 1,100,000,000 100 5,000,000 100 1 1 1 100 1,000,000 1 100 100 1 100 100 1 100 1 1 100 Gain Direct Limited (i) 1 1 100 10,000 1 100 100 1 100 10,000 1 100 (v) 80,000,000 100 (iv) 138,000,000 100 2009 201

51. % % (v) 100,000,000 100 (iv) 99,800,000 100 (v) 15,000,000 100 (iv) 400,000,000 100 (v) 1,000,000 100 Hainan Ruler Limited (i) 1 1 100 1,000,000 1 100 (v) 12,000,000 100 (ii) 1,000,000 100 2 1 100 2 1 100 1,000 1 60 10 1 70 10,000 1 100 10,000,000 1 100 10 1 100 100 1 100 (i) 20,000,000 100 (ii) 50,000,000 100 2 1 100 10,000 100 1 (i) 1 1 100 (i) 1,000,000 1 100 202

51. % % (i) 1 1 100 Safe Future Investments Limited (i) & (vi) 1 1 100 (iv) 15,000,000 51 (v) 10,000,000 100 (iv) 43,340,000 95 (iv) 40,000,000 99.5 (v) 10,000,000 100 (v) 10,000,000 98 (v) 10,000,000 98 (v) 20,000,000 100 (iv) 50,000,000 100 (v) 500,000,000 100 10,000,000 100 (v) (v) 41,791,000 100 (ii) 5,000,000 100 (ii) 5,000,000 100 (ii) 8,600,000 100 150,000,000 100 (v) (v) 5,000,000 100 (v) 5,000,000 100 (v) 2,000,000 100 (v) 53,452,000 100 (ii) 10,000,000 100 2009 203

51. % % 100 1 100 Splendid Return Limited (i) 50,000 1 100 Techflex Limited (i) & (vi) 1 1 100 Total Wonder Limited (i) 1 1 100 Wealth Faith Developments Limited (i) 1 1 100 2 1 (ix) 100 (i) 1 1 100 100 1 100 2 1 100 100 1 100 (ii) 610,000 100 (v) 10,000,000 100 (i) 1 1 100 (i) 1 1 100 (i) 10 1 90 Seawave Company Ltd. (i) 1 1 100 10,000 1 100 Treasure Trinity Limited (i) 1 1 100 IHG (viii) 1,000,000 100 (v) 10,000,000 100 (v) 20,000,000 100 (v) 20,000,000 95 (v) 10,000,000 100 (v) 10,000,000 100 (v) 10,000,000 100 204

51. % % (v) 20,000,000 100 (v) 1,000,000 100 (v) 68,064,000 100 (v) 3,000,000 100 738,114,785 100 (v) (v) 388,200,000 100 (v) 20,000,000 100 (v) 405,000,000 100 (v) 100,000 100 (v) 100,000 100 (v) 116,304 100 (v) 100,000 100 1,200,000,000 100 (v) (v) 100,000 100 (v) 100,000 100 (v) 397,073,400 100 (v) 50,000,000 100 (v) 5,050,000 100 (v) 1,289,618,012 100 (v) 20,000,000 100 (v) 20,000,000 100 (v) 10,000,000 100 (v) 10,000,000 100 2009 205

51. (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) 1 1 90% China Overseas Finance (Cayman) I Limited 300,000,000 38 206

(A) 7,930,763 10,910,234 16,632,553 18,892,373 37,321,630 2,055,547 3,059,313 6,600,722 8,623,130 12,030,834 (4,358) (6,933) (27,911) (10,982) 3,683 44,537 433,649 386,276 (26,848) 19,238 2,095,726 3,486,029 6,959,087 8,585,300 12,053,755 (422,368) (1,174,070) (2,741,936) (3,513,018) (4,449,692) 1,673,358 2,311,959 4,217,151 5,072,282 7,604,063 1,534,684 2,370,750 4,179,579 5,048,637 7,468,928 138,674 (58,791) 37,572 23,645 135,135 1,673,358 2,311,959 4,217,151 5,072,282 7,604,063 2009 207

(B) 1,571,560 1,638,580 2,634,750 6,428,067 7,747,599 1,213,615 1,504,331 2,232,366 275,520 248,500 199,801 76,861 95,736 63,465 52,379 126,670 141,288 56,907 164,581 180,600 1,289,062 1,753,783 2,588,406 1,947,655 2,558,944 153,637 143,895 15,274 18,654 20,971 148,131 127,891 98,727 187,227 271,697 90,108 87,424 400,938 439 2,612,797 4,071,170 9,172,006 542,364 490,954 1,873 1,056 436 9,022 6,938 4,404 763 2,035 27,611 26,782 91,377 41,680 28,126 64,525 64,525 109,021 109,021 109,021 485,090 650,791 5,845,663 6,163,494 10,714,608 13,696,830 20,858,832 19,296,277 29,690,127 53,806,564 71,879,611 93,258,561 25,141,940 35,853,621 64,521,172 85,576,441 114,117,393 (3,279,230) (6,047,000) (11,289,021) (18,320,005) (16,969,870) (2,320,445) (2,323,440) (2,326,435) (2,329,431) (2,332,426) (135,864) (915,963) (781,020) (873,557) (850,983) (820,310) (278,023) (411,187) (473,789) (1,255,876) (1,990,344) (6,793,661) (9,562,647) (15,098,666) (22,756,295) (22,112,950) (7,568,033) (11,401,565) (23,632,404) (29,935,758) (50,194,812) (14,361,694) (20,964,212) (38,731,070) (52,692,053) (72,307,762) 10,780,246 14,889,409 25,790,102 32,884,388 41,809,631 11,082,625 15,449,445 26,282,040 33,219,782 42,093,072 (302,379) (560,036) (491,938) (335,394) (283,441) 10,780,246 14,889,409 25,790,102 32,884,388 41,809,631 208

1. % (a) A C E B D A F 60 139 138 19,485 100 (b) 11,927 100 50 45 77 (c) 50 24,668 100 96 (d) 9 6,167 100 (e) 5 8 3,864 100 (f) 50 138,328 100 2009 209

2. % (a) 2012 662,961 1,481,927 100 (b) 1 199 2012 151,333 511,574 100 (c) 250 2011 43,172 247,933 100 (d) 191 2010 28,401 109,951 100 (e) 2010 87,400 162,985 100 (f) 2011 118,799 485,200 100 (g) 388 2013 86,161 550,455 100 (h) A15 2011 75,936 270,388 100 (i) 2010 48,138 204,291 100 (j) 2011 153,826 123,216 100 (k) 2012 344,643 364,574 100 (l) 6 6 2010 3,766 2,824 100 210

3. % (a) 395,600 100 (b) (c) (d) (e) 296,726 100 125,398 100 535,466 100 138,236 100 (f) 463,797 100 (g) (h) (i) B 333 120,385 100 363,026 100 181,071 100 (j) (k) (l) 7 97,100 60 111,971 100 188,750 100 2009 211

4. % (a) 169,561 700,000 100 (b) 260,452 316,624 100 (c) 189 15,824 74,539 100 (d) 78,800 416,145 100 (e) 470,798 1,348,712 100 (f) 393,200 757,850 100 (g) 21-25 2,059 6,178 100 (h) 1,324,207 1,518,607 80 (i) 16,149 156,977 100 (j) 18,531 228,925 100. 212

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