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Transcription:

China Harmony Auto Holding Limited (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) 1933 32

ACMR 25 ACMR ACMR MINI 20 14ACMR 20129.7% 2012 201020112012 201020112012 12 31112,700,000 220,500,000 350,700,0006.3% 7.3% 6.2% 4S/5S (i)(ii) 200520052010 2012 25 2011 114S 2517 2010 1

4S/5S4S 5S 4S 12 31 2010 2011 2012....................... 4 7 13 14.................... 2 2.................... 1 1 2 3 MINI....................... 1 1 1 2................ 2 2.................. 1 1............. 1 1....................... 6 9 22 25 201020112012 201020112012 12 31 2010 2011 2012 (%) (%) (%) (%) (%) (%)............. 1,616,681 89.7 9.8 2,752,772 90.8 11.4 5,244,449 92.7 9.2................. 184,677 10.3 39.6 279,084 9.2 37.6 412,295 7.3 44.0.................. 1,801,358 100 12.8 3,031,856 100 13.8 5,656,744 100 11.7 2

201020112012 12 31 73.2% 79.2% 82.9%2012 MINI20122012 95.0% 5.0% 12 31 2010 2011 2012 (%) (%) (%)................. 2,199 1,183,857 73.2 3,985 2,180,202 79.2 9,340 4,343,837 82.9.............. 768 418,622 25.9 873 506,484 18.4 1,120 547,297 10.4 MINI... 59 14,202 0.9 228 66,086 2.4 338 90,694 1.7.............. 32 190,490 3.6.......... 10* 40,315 0.8............ 28 20,459 0.4............... 2 5,367 0.1.............. 3 5,990 0.1................. 3,026 1,616,681 100.0 5,086 2,752,772 100.0 10,873 5,244,449 100.0 * 4S 103 135 201020112012 136 3

ACMR 201020112012 12 31 0.2% 1.2% 1.2%201020112012 2013 3 105 201020112012 12 31 31.5% 25.1% 27.4% 4S 4S 4

201020112012 1% 10% 0.05% 12 31 2010 2011 2012................................ 145,817 309,027 655,809........................... 14,673 24,665 54,745.................................. 160,490 333,692 710,554 201020112012 12 3129 3438154 5

2013 BMW AG 2013 i ii 2012 9 (i) (ii) 20132014 47 1,700,000 20%2013 6 1 2012 6

5.0% 12 31 2010 2011 2012.................................. 1,801,358 3,031,856 5,656,744.......................... (1,569,951) (2,614,356) (4,993,298).................................. 231,407 417,500 663,446......... 10,229 25,387 88,918 (1)................ 13,405 53,516 147,740........................ (64,517) (106,737) (237,030)............................. (18,716) (30,330) (71,611)............................... 171,808 359,336 591,463............................. (19,956) (61,872) (116,403)...................... 222............................. 151,852 297,464 475,282................................ (39,152) (77,014) (124,563) (2).............................. 112,700 220,450 350,719 (3) (1) 2009 1 1201020112012 15% 201020112012 12 31 2010 2011 2012.................................. 305,633 990,077 1,648,198.................................. 31,029 232,552 980,577.............................. 94,070 375,551 1,036,772 7

(2) 12 31 2010 2011 2012.................................. 112,700 220,450 350,719...................... (13,405) (53,516) (147,740).............................. 3,351 13,379 36,935................................ 102,646 180,313 239,914 (3) 2012 201227,300,000 11.4% 2012(i)(ii) 212,600,000 85.84%Eagle Seeker 2011 8 2012 32012 9 Success Intergrow Success Intergrow 14.16% Success IntergrowEagle SeekerSuccess Intergrow 20112012 2011 2012 2011201220112012 77 19,110,898 8

2012559,300,000 2012 12 312013 12 31 20% 9

Ace Manufacturing Ace Manufacturing Holding Limited2012 1 16 2011 10 12 2013 5 20 2013 3 21 2012 3 26 2219613 32 10

2012 9 24 Eagle Seeker Crystalline Prestige Crystalline Prestige Investments Limited2012 9 26 2011 8 2 Eagle Seeker 2013 5 20Eagle Seeker Eagle Seeker Eagle Seeker Company Limited2011 12 16 Grandsun LC Fund V LC Parallel Fund V MCP Asia MCPC II Yushang Grandsun Grandsun International Investments Limited 2004 4 28 11

2012 5 14 2012 7 19 2011 7 27 2012 5 21 2011 11 10 2008 7 3 2011 9 30 2010 7 19 2013 5 24 12

LC Fund V LC Fund V, L.P.2011 4 19 LC Parallel Fund V LC Parallel Fund V LC Parallel Fund V, L.P.2011 5 23 LC Fund V LC Gloricar LC Gloricar Investment Limited2011 8 29 Legend Capital LC Fund V LC Parallel Fund V 2013 4 17 2012 6 26 Magic Frontier Magic Frontier Limited2011 12 20 MCP Asia MCP Asia (Candlenut) Holdings Limited2009 7 22LC Fund V MCPC II MCPC II (Candlenut) Holdings Limited2010 7 29 Morgan Creek Funds MCP Asia MCPC II 13

2013 5 20 2011 11 1090% 0.01 2013 2 25 2013 2 1 Success Intergrow Success Intergrow Company Limited2011 12 19 2012 10 24 14

2010 12 8 2012 7 9 2012 4 20 2011 12 22 2009 4 24 2010 12 13 2012 9 2940% 2012 11 1951% 2012 4 17 65% 2011 12 2630% 2002 11 12 90% 2006 10 19 2009 5 8 15

Yushang Yushang Limited2010 9 3 2009 7 24 2012 5 4 2005 3 4 16

201020112012 17

20122011 12 319 2012 12 312225 20114S 18

2513 20122013 20 2013 2012 MINI2012 201295.0%2012 20122012 5.0% 2005 945 2011 39 14 19

201020112012 12 31 89.7% 90.8% 89.8%201020112012 12 31 65.7% 71.9% 76.7%2012 2011 25 14 10 20102011 12 31 2012 4.3% 25172011 11 4S 20

2010201120122010 12 31 18.02012 12 3156.6 77.3% 201020112012 15% 201020112012 12 31112,700,000 220,500,000 350,700,000 201020112012 12 31 102,600,000 180,300,000 239,900,000 20122011 12 319 25 201020112012 201020112012 12 31 89.7% 90.8% 92.7%9.8% 11.4% 9.2% 201020112012 12 31 10.3% 9.2% 7.3%39.6% 37.6% 44.0% 201020112012 12 31 67,500,000 201,000,000 893,300,000201020112012 12 31395,400,000 859,500,000 21

20.7201020112012 12 31 20,000,000 61,900,000 116,400,000 201020112012 201020112012 12 31 945,300,000 1,856,900,000 3,512,800,000 68.9% 66.3% 84.3% 2012 12 31 2012 12 31315,800,0002011 12 31 498,200,000(i) 918,200,000(ii) 313,700,000 2012 12 31 559,000,000 22

201020112012 12 31 92,200,000 124,600,000 317,700,000 201020112012 12 31 293438 20102011 2012 23

201020112012 20102011 2012 12 3199.7% 99.8% 97.9% 201020112012 12 3197.5% 97.8% 96.3%201020112012 12 31 72.7% 80.9% 87.0% ; 24.8% 16.9% 9.3% 201020112012 2013 3 24

2012 12 3124 15,255114,261 3,18920.9% 20,487 17.9% 25

8,6717.6% 4S 1,177 7.7% 67,45759% 12201020112012 12 31 284,400,000 11.430.815.8% 37.6% 54.5% 174,000,000 201020112012 20 14 20 26

201020112012 201020112012 12 3123.2% 16.7% 9.7% 2012 9 2012 102012 910 1112 67587579 2013 3 31632012 787892 2012 6 30 1152010 20112012 1,700,000 20%2013 6 1 27

2006 4 1 2008 9 1 28

1994 20118,500 2010 12 2320112012 240,00020,0002013 201020112012 29

2008 2070 2008 1 1 10% 25%5%2009 10 1 30

5% 2009 2 5% 25% 25% 10% 31

10% 50% 2005 10 21 2005 11 1 30 32

33

34

17 116 91 923 35 1 7 11 1405 145 47 17 116 27 35

811 2501 2B 6 33 11 510 1 36

A 15A Cricket Square, Hutchins Drive PO Box 2681 Grand Cayman, KY1-1111 Cayman Islands www.hexieauto.com XI 1 28 35 1 1 28 Codan Trust Company (Cayman) Limited Cricket Square,Hutchins Drive PO Box 2681 Grand Cayman, KY1-1111 Cayman Islands 37

28 26 38

ACMR ACMR ACMR ACMR1992 ACMR ACMR ACMRACMR 2013 5 ACMRACMR ACMR ACMR408 ACMRACMR320,000 39

2010 2006 21.6 2012 51.915.7% 2006 16,5002012 38,354 15.1% 20062012 60,000 35,083 38,354 40,000 50,000 40,000 30,000 20,000 16,500 21,631 20,169 26,581 23,708 31,405 25,608 34,090 29,992 40,120 47,156 51,932 30,000 20,000 10,000 10,000 0 2006 2007 2008 2009 2010 2011 2012 0 40

20062012 5.777.12 3.6% 200644% 201253% 20062012 1,600 1,400 1,200 737.4 727.5 721.4 712.9 1,000 800 47% 46% 600 45% 44% 400 577.1 593.8 606.7 621.9 200 674.2 50% 51% 656.6 53% 642.2 665.6 690.8 711.8 54% 52% 50% 48% 46% 44% 42% 0 2006 2007 2008 2009 2010 2011 2012 40% 20062012 11,75924,565 13.0% 20062012 25,000 17.2% 20% 20,000 15,000 10,000 5,000 12.1% 11,759 13,786 14.5% 8.8% 15,781 17,175 11.3% 19,109 14.1% 21,810 12.6% 24,565 15% 10% 5% 0 2006 2007 2008 2009 2010 2011 2012 0% 41

ACMR20062011 15.1% 3.5% 13.4%2011 85,000 20062011 4.2 5.0% 4.0 3.8 3.3% 3.7% 4.1% 3.5% 3.8% 2.4% 4.0% 3.0% 3.6 3.4 3.2 3.46 3.58 3.73 3.86 4.01 4.11 2.0% 1.0% 3.0 2006 2007 2008 2009 2010 2011 0.0% ACMR 42

ACMR (i)(ii)(iii)(iv) 130 1830 8 MINI ACMR 43

ACMR 20064,300,000201213,300,000 20.6% 4,500,00014,300,000 21.5% 20062012 14 12 14.32 13.23 13.26 12.15 12.25 11.27 60% 50% 10 8 6 4 4.304.45 5.38 5.58 5.68 6.06 8.38 8.75 40% 30% 20% 2 10% 0 2006 2007 2008 2009 2010 2011 2012 0% ACMR 2009 2010 20092009 2010 20092011 44

2009 20102012 2006 2007 2008 2009 2010 2011 2012 *......... 4.45 5.58 6.06 8.75 12.15 13.23 14.32 21.5%.......... 7.78 7.6 6.81 5.46 5.64 6.19 7.24 1.2%.......... 4.64 4.4 4.23 3.92 4.21 3.53 4.57 0.3%.......... 1.56 1.98 2.19 2.48 2.65 3.25 3.63 15.1%.......... 3.46 3.15 3.09 3.81 2.92 3.17 3.08 1.9% * ACMR ACMR2012 100 6.2%10.8% 57.8%61.6%47.9%30.2% 45

ACMR20132016 9% 20132016 25 20 15 14.32 15.61 15.46 17.01 16.70 18.55 18.04 20.22 10 5 0 2013 2014 2015 2016 ACMR 4S 20124S............................ 13 197 15.............................. 16 1,759 110 4S2005 2 4S 4SACMR2010 4S 201020112012 2-3% 46

4SACMR 40-45% 4S4S ACMR4S2006 500 2012 2,95030.4%4S 200620124S 20132016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016.......... 91% 91% 89% 89% 89% 88% 86% 84% 81% 78% 74%............. 8% 7% 8% 9% 9% 10% 12% 14% 17% 20% 24%........ 1% 2% 3% 2% 2% 2% 2% 2% 2% 2% 2% ACMR ACMR 2009 3,2872012 9,03140.1% 201282% 20062012 ACMR 2006152,20020121,430,000 45.3% 20063.4%201210.0% 20062012 2006 2007 2008 2009 2010 2011 2012 (%) (%) (%) (%) (%) (%) (%)...... 3.1 0.07 5.0 0.09 10.9 0.18 9.6 0.11 15.8 0.13 31.8 0.24 40.0 0.28 53.0%........ 149.1 3.4 218.7 3.9 329.7 5.4 362.3 4.1 710.8 5.9 1,102.1 8.3 1,392.0 9.7 45.1%........ 152.2 3.4 223.7 4.0 340.6 5.6 371.9 4.3 726.6 6.0 1,133.9 8.6 1,432.0 10.0 45.3%... 4,450 100.0 5,580 100.0 6,060 100.0 8,750 100.0 12,150 100.0 13,230 100.0 14,320 100 21.5% ACMR 47

ACMR2006 1,039 2012 7,41838.8% 23.4% 200617.3%201235.0% 20062012 2006 2007 2008 2009 2010 2011 2012 (%) (%) (%) (%) (%) (%) (%)........ 4.3 0.7 7.0 0.9 11.1 1.4 11.0 1.0 20.8 1.3 40.1 2.1 53.0 2.5 52.2%.......... 99.6 16.6 142.2 18.5 183.0 22.7 217.4 20.0 400.9 24.6 586.3 30.6 688.8 32.5 38.0%.......... 103.9 17.3 149.2 19.4 194.1 24.1 228.3 21.0 421.7 25.9 626.4 32.7 741.8 35.0 38.8%..... 600.8 100.0 770.0 100.0 806.0 100.0 1,085.0 100.0 1,628.1 100.0 1,918.4 100.0 2,119.5 100 23.4% ACMR 2012 9 2011 19.4% 2012 16.4%201116.5%201218.4% 2012 11 72%2012 107.6% 2012 1111.7% 2012 1214.9% 2012 303,200 2011 40% 20121,080,000 8% 48

ACMR20132016 20131,450,00020163,010,000 27.6% ACMR2013 8,4902016 1.521.9% ACMR 2013201420152016 560,000 547,000 525,000 469,000 2013201420152016132136 135129 ACMR 10 25 2012 2012404.6 201235.62012 0.7% 2012 5.5% 2.9% 3.7% 2.3% 49

ACMR20122006 2012 20062012 300 250 19.8% 19.7% 19.9% 21.2% 21.4% 23.2% 217.07 24.1% 282.10 25 20 200 15 150 135.84 100 50 30.69 45.01 63.51 83.20 10 5 0 2006 2007 2008 2009 2010 2011 2012 0 ACMR ACMR20062012 54.3%44.7% 50

200610,700201259,700 33.1%2012 5.1% 20062012 60 50 10.0% 10.5% 45.4 52.6 59.7 12 10 40 30 6.9% 22.9 33.6 7.7% 7.1% 30.0 5.6% 5.1% 8 6 20 4 10 10.7 2 0 2006 2007 2008 2009 2010 2011 2012 0 ACMR ACMR20062012 54.4%33.1% 51

ACMR20112006 2012 1,000 875 973 4 800 600 400 200 0 1.0% 32 1.3% 65 84 0.8% 0.5% 51 2.5% 366 3.3% 2.9% 2006 2007 2008 2009 2010 2011 2012 3 2 1 0 ACMR 52

ACMR 2006 2.772012 7.4217.9%15.7% ACMR 200641 2012 12019.3% 20067,342201270,871 45.9%20062012 2006 2007 2008 2009 2010 2011 2012 (%) (%) (%) (%) (%) (%) (%)........... 78 2.4 121 2.3 328 3.1 457 4.4 570 4.0 1,610 6.0 1,812 5.4 68.9%............. 7,264 4.7 10,291 4.5 15,756 4.9 19,524 5.0 34,789 5.5 59,282 6.3 69,059 5.9 45.5%............. 7,342 4.6 10,412 4.5 16,084 4.9 19,981 5.0 35,359 5.4 60,892 6.3 70,871 5.9 45.9% ACMR ACMR2012 9.7%ACMR2012 2012 201238.1% 29.8% 2012 5.2% 3.8% 2.1% 1.7%2012 9.1%2012 5.0% 3.7% 2.0% 1.6% 53

ACMR 2006 1.22012 3.0 15.8 2006 13,3132012 31,753 15.6 2006 9,810 2012 20,442 13.02010 2011 9 2006 211,000 2012 542,000 17.1% 2012 20062,965201228,092 45.5%2006192012671 81.1%2012 2.4%20061.9%ACMR 2005 2011 11 85.6%201020112012 100% 91.9% 85.6% 67%201020112012 100% 80.9% 70.3% 54

2009 3 2020092011 20092011 2004 5 21 2009 8 15 2010 2005 2 21 2005 4 1 2005 11 10 2005 6 24 2005 8 1 55

2004 4 30 2004 7 1 (a)(b)(c) (d) 2001 11 20 5 2005 8 29 2005 10 1 56

4S 2000 8 4 2000 8 4 2004 8 16 2004 10 1 80% 201020112012 12 31 74.7% 69.9% 86.2% 2009 5 18 2010 5 26 1.61.6 3,000 2010 6 57

2011 9 7 2011 10 140037 3,000 2004 3 12 2004 10 1 2010 12 23 2012 240,000 1994 2012 8 1 2012 8 12013 6 30120,000 60,000 1993 12 29 1994 7 11999 12 252004 8 282005 10 27 58

2006 8 82006 9 8 2009 6 22 2006 9 21 2011 8 25 2011 9 1 1986 4 12 1986 4 12 2000 10 31 1979 7 8 1990 4 42001 3 15 59

1994 1 1 2008 9 11.0 3%1%3.0 4.0 15%25%4.020%40% 2007 3 162008 2007 12 62008 1 1 25%15% 2007 3 16 2008 25% 2008 2008 25%2008 2008 10% 2008 20082008 1 1 10% 60

2009 12 102008 1 1 698 (i)12.5%(ii) 3% 17% 5% 20082008 1 1 10%2008 2008 1996 1 29 2008 8 5 1996 6 20 1996 7 1 2007 1 5 2007 2 1 61

2005 10 21 2005 11 1 30 2012 2 [2012]7 2007 3 [2007]78 2005 7 21 2007 5 21 0.5% 2005 9 233.0% 62

1986 4 12 1986 4 12 2001 10 311979 7 8 1979 7 8 1990 4 42001 3 15 1989 12 26 1989 12 26 1987 9 51995 8 292000 4 29 1984 5 11 1984 11 1 1996 5 152008 2 28 1996 10 29 1997 3 1 63

2002 10 28 2003 9 1 1998 11 29 1998 11 29 2001 12 27 2002 2 1 1993 2 22 2000 7 8 1993 10 31 1994 1 1 35 64

45 45 2007 6 29 2008 1 1 2008 9 18 2010 10 28 2011 7 11999 1 22 1994 12 14 1995 1 1 2003 4 27 2004 1 1 2010 12 20 1999 4 3 2002 3 24 65

1992 2002 2002 11 12 90% 2005 2005 3 28.60% 55.65% 15.75% 11,130,000 5,720,000 3,150,000 2005 11 10,000,000 70.43% 19.07% 10.50%2005 7 25 2005 4S 2006 4S 2009 2010 MINI 66

2011 4S 2012 4S 5S 4S 5S 4S 2013 2009 1 1 4S 4S 2010201120122011 8 (1) 2005 3 2009 1 1 90% 10% 10%2012 10 7 100% 2010 1180%24,000,000 80%80% 10% 10% 67

(2) 2006 10 2009 1 1 65% 30% 5% 2012 10 6 2009 865%800,000 5% 1,000,0005% 70% 30% 2010 11 70% 14,000,00070% 70% 30% 2010 12 70% 14,000,000 70%70% 30% 2011 3 9,000,000 21,000,000 42% 30% 28% 42%2012 10 7 2011 11 28% 14,000,00028%70% 30% (3) 201020112012 (100%) 2009 4 2011 5 1,500,000100% 4S (95%)(5%) 2009 5 2009 69,000,00090% 500,0005%2010 3 8,500,000 85%1,000,00010% 68

10% 2012 10 7 2010 10 20,000,000 66.67% 30% 3.33% 2010 11 20,000,000 66.67% 66.67% 1,000,000 3.33% 3.33% 70% 30% 4S2009 7(60%)(20%)(20%) 2012 10 6 2011 3 12,000,000 60% 4,000,000 20% 60% 40% 2012 10 6 2011 5 12,000,000 8,000,00060% 40% 4S(95%) (5%) 2010 7 2011 4 49,500,00090% 2,750,0005% 90% 10% 4S (90%)(10%) 2010 12 (80%)(20%) 2011 7 69

90% 42% 30% 28% 95% 5% 60% 40% 10% 10% 20% 80% 80% 30% 10% 10% 70% 90% 90% 100% 2011 8 17 A. 3.712E1.20 B. 80,000,000 2011 8 22 2012 11 20 C. 100% D. E. 1.20 70

F. 80% G. Success Intergrow 100% 2011 8 2011 8 30,000,000100% 2011 821,000,000 70%9,000,00030% 100% 2011 916,000,000 80% 100% 2011 910% 3,000,000 100% 71

LC Fund V LC Parallel Fund V 56.24% 4.10% 28.45% 6.03% Grandsun MCP Asia MCPC II Yushang 100% LC Gloricar 100% 2.59% 2.59% 100% Eagle Seeker 100% Success Intergrow 100% Magic Frontier 100% 100% Crystalline Prestige 100% Ace Manufacturing 72

120,000,00070% 30% 2011 11 80%20% 2012 2 27 80%Ace Manufacturing8,000,000 Ace Manufacturing 80% 20% 2012 3 14 Ace Manufacturing 160,000,000 Ace Manufacturing 98.8% 1.2%2012 11 26 Ace Manufacturing75,000,000 Ace Manufacturing 99.18% 0.82% 4S2011 10 100% 4S 2011 9100% 5S 2011 11 89%10%1% 4S 2011 1270% 30% 42%2012 10 7 80% 73

2012 3 7 70% 30,000,000 70% 30% 2012 4 13 100% 1,500,000 100% 2012 6 26 45,000,000 90% 10% 2012 6 11 40,000,000100% 2012 8 29 55,000,000100% 2012 9 29 50,000,000 100% 2012 9 2970% 21,000,000100% 2013 4 14 30,000,000 100% LC GloricarSuccess Intergrow Success Intergrow 74

100% LC Fund V LC Parallel Fund V Grandsun MCP Asia MCPC II Yushang Eagle Seeker 85.84% 7.96% 0.58% 4.03% 0.85% 0.37% 0.37% Success Intergrow 100% Magic Frontier 100% 100% Crystalline Prestige 100% Ace Manufacturing 100% LC Gloricar 100% 99.18% 0.82% 40% 30% 90% 100% 100% 100% 100% 70% 30% (1) (2) (3) 100% (1) 55% 5% (2) 70% (3) 10% 75

........... 2012 3 (100%).......... 2012 4 (80%) (20%) (1).......... 2012 4 (100%).......... 2012 5 (100%)........... 2012 5 (100%)........ 2012 5 MINI (100%).......... 2012 6 (100%).......... 2012 7 (100%)........... 2012 7 (100%).......... 2012 10 (100%)........ 2012 11 (51%) (49%) (2)........ 2013 2 MINI (100%)........ 2013 2 (100%)........ 2013 3 (100%)........ 2013 4 (100%) (1) 2012 8 92012 8 92012 12 31 15%2012 8 15% 2012 12 31 15% 65% 35% (2) 76

(1)...... 2011 12 (30%) (70%) (2)....... 2012 9 (3) (40%) (55%) (4) (5%) (4) (1) (2) (3) 2010 12 132012 9 2940% (4) 40% 371,200,000Success Intergrow 500 A A (a) Success IntergrowLC Gloricar 1.2%(b)249,200,000169,200,0002012 3 6 80,000,000 2012 12 3 2012 3 14Ace Manufacturing 160,000,000 LC Gloricar 1.2%2012 9 2012 12 3 77

A 2012 3 5 Eagle Seeker Success Intergrow Magic Frontier ACE ManufacturingLC Gloricar Success Intergrow500A LC Gloricar 100%Success Intergrow 249,200,000ASuccess Intergrow 14.16% LC Gloricar A LC Fund V.............. 56.24% 2,812,185 19,112,974.17 7.96% LC Parallel Fund V........ 4.10% 205,055 1,393,616.87 0.58% Grandsun International.... 28.45% 1,422,415 3,367,578.30 4.03% 80,000,000 MCP Asia.............. 6.03% 301,725 2,066,129.11 0.85% MCPC II................ 2.59% 129,310 885,449.36 0.37% Yushang............... 2.59% 129,310 13,410.89 0.37% 100.00% 5,000,000 249,200,000 14.16% 1:1 Success Intergrow A Success Intergrow A Success Intergrow A A 5,000,000 A AA 74.24 AA A A 1:1 78

A A 100,000,000 100 A 2011237,500,000 2012360,000,000 2011201220112012 12 31 (a) (b) 20112012237,500,000 360,000,000A 79

A = (CP x A x B) (C x D) CPA A AA B20112012 C 250,000,0002011 400,000,0002012 DA 20112012 2011237,500,0002012 360,000,000 (a)2013 12 31 (b)2012 3 31 50%A Success Intergrow A A10% A2012 3 31 2012 3 5 80

A A (a) (b) Legend Capital Grandsun A (a) A(b) A(c) A 81

Legend Capital LC Fund V 2011 4 19 480,000,000LC Parallel Fund V 2011 5 2335,000,000 LC Fund V LC Parallel Fund V(TMT) Legend CapitalLegend Capital Legend Capital Grandsun Grandsun 2004 4 28GrandsunYip Chi Yu GrandsunGrandsun Morgan Creek Funds MCP Asia MCPC II Morgan Creek Capital Management, LLC20092010 MCP Asia MCPC II Morgan Creek Capital Management, LLC MCP Asia LC Fund V Morgan Creek FundsMorgan Creek Funds Morgan Creek Funds Yushang Yushang2010 9 3 Yip Chi Yu 82

YushangYushang 2013 (1) Magic FrontierSuccess Intergrow (2) 1:1Success Intergrow ASuccess Intergrow (3) Success Intergrow 799,999,999 (4) Success IntergrowEagle Seeker Eagle SeekerSuccess IntergrowEagle Seeker Eagle Seeker (%) Eagle Seeker................................... 686,720,000 85.84 LC Fund V.................................... 63,680,000 7.96 LC Parallel Fund V............................... 4,640,000 0.58 Grandsun International........................... 32,240,000 4.03 MCP Asia..................................... 6,800,000 0.85 MCPC II...................................... 2,960,000 0.37 Yushang...................................... 2,960,000 0.37....................................... 800,000,000 100.00 83

2006 8 8 2006 9 811 (i) 84

(ii) 75 85

ACMR 25 ACMR ACMR MINI 20 14ACMR2012 9.7% 2012 ACMR2005 2005 4S2011ACMR 2005201020112012 90%2010 4S4S 5S 4S 5S 4S 4S 20102011201220102011 2012 12 3118.030.356.6 20102012 77.3% 20102011 2012 12 31 89.7% 90.8% 92.7% 20102011 2012 12 31 86

9.8% 11.4% 9.2% 201020112012 12 3139.6% 37.6% 44.0%201020112012 12 31 31.5% 25.1% 27.4%201020112012 12 31 112,700,000 220,500,000 350,700,0002010 2012 76.4% 2005 25 MINI ACMR ACMR 4S 87

47 ACMR 14 25 11 20 2005 ACMR 2006201245.9% 40.3%13 11ACMR20102011 2012[90]% [80]%4S 201020112012 12 31 9.8% 11.4% 9.2% 88

2011 4S 4S 4S4S 5S 4S 4S 10 89

201020112012 4S 201020112012 201020112012 2012 20122012 2012201220092010 4S 200943 2009 1 1 2012 11 i 90

201020112012 ACMR 2012 2012 12 2012 8 4S 4S 91

ACMR VIP 92

4S5S 14 25 12 31 2010 2011 2012.......................... 4 7 13 14...................... 2 2...................... 1 1 2 3 MINI.......................... 1 1 1 2................... 2 2..................... 1 1................ 1 1.......................... 6 9 22 25 93

(2) (1*) Mini Cooper (1*) (5) (1/2**) (1*) (1*) (1*) (1) (1) (28) (11/4*/1**) Mini Cooper(2/1*) (2/2*) (1) (1***/1*) (1) (1***) (2) (1/1**) (1/1**) (1) (1) (1) (3) (3) (1**) (1*) * ** *** (1) (1) (1) (1) 4S/5S 4S12 16 4S 5S4S11 144S4S 4S4S 5S5S4S 94

4S 5S 4S 5S MINI ACMR MINI 2005 74S 17 11 201020112012 90% 80% [100]% 4S 2010 ACMR 10 2011 7 4S 2011 11 4S 95

201020112012 20 2005 96

25........... 4S 2005 7 15 2013 12 31........... 2009 7 27 2013 12 31........... 4S 2009 10 21 2013 12 31........... 4S 2010 10 29 2013 12 31........... 4S 2011 9 14 2014 12 31........... 4S 2011 11 14 2014 12 31........... 2011 12 27 2013 12 31........... 2012 2 27 2013 12 31........... 4S 2012 6 21 2015 12 31........... 4S 2012 7 25 2015 12 31........... 2012 7 27 2013 12 31........... 2012 9 20 2013 12 31......... 5S 2012 9 22 (1)........... 5S 2013 3 26 2016 12 31............. 4S 2012 9 27 (1)...... 4S 2007 1 16 2013 12 31...... 2012 2 28 2013 12 31...... 4S 2013 3 28 (1)......... 2012 2 7 (1)............. 2012 5 9 (2)............. 4S 2012 7 13 (1)............. 4S 2012 7 13 (1) MINI........... 2010 9 29 2013 12 31........... 4S 2013 4 9 (1).. 4S 2012 12 17 (3) (1) (2) 24 (3) 180 97

.......... 4S 40% 2012 9 29...... 4S 30% 2011 12 26 4S 201020112012 98

20 20 4S4S 4S 14,11950 4S1.20 99

1,20065031013020 6.09 1.1814 2013 2013 4 30 35 132012 12 31 3.42720 20 (*) (1)(3)................. 4S 2013 10 5,000 45,500 (1)(5)................. 4S 2013 8 49,430 122,900 (1)(4)(5)................ 4S 2013 8 40,000 (1)(5)................. 2013 7 1,520 40,000 (1)(5)................. 2013 7 2,000 5,000 (1)(4)(5)................. 2013 9 10,000 (1)(4)(5).......... 2013 10 60,000 (1)(4)(5)................. 2013 9 10,000 (1)(4)(5)................ 4S 2013 8 2,470 24,000 (1)(5)................. 4S 2013 8 2,900 24,000 100

(*) MINI (1)(3)................. 4S 2013 10 5,000 22,400 (1)(5)................. 2013 8 1,300 3,100 (2)(5) 4S 2013 5 1,700 5,000 (2)(5) 4S 2013 10 1,000 40,000 (2)(5) 4S 2013 10 1,000 40,000 (2)(5).................. 4S 2013 10 30,800 55,640 (6) (1)(4)(5)........ 4S 2013 8 5,000 15,400 (2)(5)............... 4S 2013 8 6,500 15,400 (1)(5)................. 4S 2013 8 2,500 15,400 (1)(4)(5)..................... 4S 2013 8 15,000 118,120 608,740 (*) (1) (2) (3) (4) (5) (6) 90,000,000 101

4S 5S 4S5S 4S 4S 4S 27 102

2010201120122010 20112012 12 3116.2 27.552.489.7% 90.8% 92.7% 12 31 2010 2011 2012 % % %........................ 2,199 1,183,857 65.7 3,985 2,180,202 71.9 9,340 4,343,837 76.7.................... 768 418,622 23.2 873 506,484 16.7 1,120 547,297 9.7 MINI........................ 59 14,202 0.8 228 66,086 2.2 338 90,694 1.6.................... 32 190,490 3.4................. 10* 40,315 0.7................... 28 20,459 0.4...................... 2 5,367 0.1.................... 3 5,990 0.1........................ 3,026 1,616,681 89.7 5,086 2,752,772 90.8 10,873 5,244,449 92.7 * 4S 5S 4S/5S i ii 103

2012 MINI20122012 5.0% 1,700,000 20% - 10% 0.05% 90 0.05% 201020112012 12 31 104

92,200,000 124,600,000 317,700,000 4S15 20 ACMR 201020112012 2.0% 2.2% 2.1% 0.2% 1.2% 1.2% 105

201020112012 2013 3 2010201120122013 3 26 (i)(ii) (iii) 2013 3 1 ; ERP 106

201020112012 12 31 184,700,000 279,100,000 412,300,000 10.3% 9.2% 7.3%4S 4S 4S 5,000 10,000 2010 20112012 4S 4S 107

4S 4S 4S4S 4S 4S 201020112012 201020112012........ F20 F30 F35 2012 12........ F02 N54 E84 F20 F30 F35 2012 11 DME, LEW, FEM, NBT/HU-NBT-HUCIC........ F35 2012 10 PSC........ E70 E71 2012 9 108

........ E70 E71 E9x F07 F10 F18 N55 E84 F18 E84 2012 8 VANOS........ E8x E9x 2012 7 EPS........ E88 2012 4 EMOA........ E60 E61 E63 E64 F20 E84 F18 2012 3 IHKA........ E84 E89 F10 F11 F25 F30 N20 2012 2........ F12 F13 F02 F07 F10 F11 2011 12 DVD........ E7x F0x F1x E70 E71 N55 F02 F04 2011 11........ E84 2011 10........ E83 N52K 2.5L 2011 9 DME........ F04 2011 8 DME........ F10 2011 7........ E60 E71 E82 E88 E9x F0x N54 F04 2011 5 EME........ E60 E71 E82 E88 E89 E9x F0x N54 2011 3........ E70 E71 F2x 2011 2........ E71 E8x E9x F0x N54 2011 1 DME........ E72 F04 E70 N52K 2010 11........ E6x E65 E66 E67 N62 N62T N73 2010 10 F01 F02 F03 F04........ F07 E71 E89 E90 F02 N54 E8x E9x E6x 2010 7 DME........ F07 N55 E6x E7x E8x E9x Fxx N53 N54 2010 6 DME PDM........ F02 F07 2010 2 DME........ F02 2009 7........ E70 N52K 2009 6 109

........ E70 N62T 2013 3 MINI........ R5x R60 2012 3 MINI........ R55 R56 R57 R60 N14 N18 2012 1 MINI........ R5x R60 2011 7.... RX300 2011 12.... GS300/RX300 2010 11.... LX470 2010 8.... LS460/460L/600HL 2010 7.... LS460/600HL 2010 6 (VVT-i) VGRS ECU.... ES350/RX350 2010 4.... RX300/350 2011 3 4S 4S 4S 110

4S 4S 2010 20112012 12 31 99.7% 99.8% 97.9% 5% 201020112012 12 31 72.7% 80.9% 87.0% 111

201020112012 2012 9 60% 2012 5 2012 9 2012 91011 12 675875792013 3 31 632012 787892 2012 6 30 1112011 3 20092011 10,000,000 2012 10743 201020112012 12 312934 38 112

201020112012 12 31 15,500,000 24,000,000 52,000,000 2010201120121% 1% VIP 4S 113

1,982.................................................. 852............................................. 754...................................................... 222................................................. 121...................................................... 33...................................................... 1,982 20102011 2012 12 313,800,000 6,000,000 12,500,000 114

1519992012 2 201020112012 201020112012 ACMR 115

13113 2 2012 12 3154 1654 19 7 Best Character Auto Group 66 3 ACMR2011 20121% 5.01(2)2012 12 31 224 6(2)2012 6 30 15% 342(1)(b)34(2) 13,163.91 116

3,936.01 2010 4 6 2013 4 6 3 40 3 9,227.90 2009 12 31 2012 12 31 40 2012 12 3124 15,255114,261 3,189 20.9% 20,487 17.9% 8,671 7.6% 4S 1,177 7.7% 67,457 59.0% 117

2012 12 31122010 20112012 12 3112 284,400,000 1,140,000,000 3,080,000,000 15.8% 37.6% 54.5% 201020112012 (i) (ii) (iii) 55,000,000 12 12 Eagle Seeker E. 118

15,507.75 30 2040 9 1 1018 1,006 2 2014 3 31 1,020 15 2024 3 31 8,671 20 2031 5 1 9,267 50 2059 10 31 1420 609,000,000118,000,000 119

201020112012 201020112012 120

2008 112012 4 201020112012 12 31 463 925118 2012 4 (i)(ii) (iii) 8.10 121

714 201020112012 2010 20112012 35(b) 2012 12 3135(a) (i) (ii) 2011 9 1.8 122

Eagle Seeker2013 5 20 (a)(b) 25 123

10 a) 10% b) 10% 124

2013 5 26 780,000 0.1% 125

12714 42 2012 9 24 45 2012 9 24 54 2012 11 6 37 2012 9 24 33 2012 9 24 36 2012 9 24 45 2013 1 31 55 2012 9 24 64 2013 3 18 63 2013 3 18 70 2013 3 18 62 2013 3 18 422012 9 24 2005 19922001 1992 126

2002 452012 9 24 1992 2000 19922001 2003 62005 7 2005 7 2009 9 552012 11 6 2012 101989 121993 6 20 2009 22010 3 OTCBB: ASOE 2010 6 2011 5 2010 1 2011 5 OTC OTC CELM 2007 8OTC DGNG 2006 72011 6 KNDI 127

1026.HK CHLN 2011 6 27 2011 9 2 372012 9 24 2002 2005 4 332012 9 24 2008 2009 7 2011 2 2011 2 362012 9 24 2001 2002 5 2007 4 2011 6 128

451992 6 1992 7 2003 12 2006 9 552012 9 241987 20012004 6 301992 00992.HK19942001 1997 20012001 2007 4 002230.SZ2004 42012 5 0299.HK 2009 82012 8 002565.SZ 642013 3 181982 30 1982 81994 71994 71998 91998 92003 12 2008 122010 112011 8 300149.SZ2012 4 000913.SZ 129

632013 3 181986 1996 20061970 40 1982 7 1995 7 2005 41997 112004 22007 7 2004 122010 6 0489.HK 601106.SS 1800.HK 601800.SS 600900.SS 702013 3 18 25 1987 81993 8 1993 81996 2 2008 12009 12 622013 3 181976 1994 19942004 20101995 130

2007 0506.HK 20082011 0906.HK 30 2007 2009 2005 3 482012 101986 71989 3 2002 7 101999 3 2010 62012 10 372013 4 19 2004 10 H 2317.HK 1997 2000 131

3.21 3.2314 14 14 201020112012 12 31 2,200,000 2,900,000 3,900,000 201020112012 12 31 1,900,000 2,400,000 3,100,000 2013 12 31 3,900,000 201020112012 12 31 201020112012 12 31 132

D. 133

20102011 2012 12 31 201020112012 201020112012 12 31 18.030.356.620102012 77.3% 201020112012 12 31 89.7% 90.8% 92.7% 20102011 2012 12 31 9.8% 11.4% 9.2% 2010 20112012 12 3139.6% 37.6% 44.0% 20102011 2012 12 31 31.5% 25.1% 27.4%201020112012 12 31 112,700,000 220,500,000 350,700,00020102012 76.4% 134

ACMR 2006152,00020121,430,000 45.3%ACMR 2013201620131,450,0002016 3,000,00027.4% 2013 20102011 2012 20102011 2012 12 316922 ACMR201020112012 ACMR 201020112012 201020112012 135

201020112012 12 3112.8% 13.8% 11.7% 201020112012 20102011 2012 12 31 89.7% 90.8% 92.7% 20102011 2012 12 31 39.6% 37.6% 44.0%31.5% 25.1% 27.4% 201020112012 12 31 9.8% 11.4% 9.2% 4S 4S 4S 201020112012 12 31 87.2% 86.2% 88.3% 136

312 201020112012 12 31 92,200,000 124,600,000 317,700,000 201020112012 201020112012 12 31 7.7% 9.7% 6.1%12.8% 13.8% 11.7% 3 (i) (ii) (iii) 201020112012 137

201020112012 12 31 2,800,000 6,700,000 10,100,000 2012 12 31 2012 12 31 2012 6 30 138

12 31 2010 2011 2012.................................. 1,801,358 3,031,856 5,656,744.......................... (1,569,951) (2,614,356) (4,993,298).................................. 231,407 417,500 663,446......... 10,229 25,387 88,918 (1)................ 13,405 53,516 147,740........................ (64,517) (106,737) (237,030)............................. (18,716) (30,330) (71,611)............................... 171,808 359,336 591,463............................. (19,956) (61,872) (116,403)...................... 222............................. 151,852 297,464 475,282................................ (39,152) (77,014) (124,563) (2).............................. 112,700 220,450 350,719 (3) (1) 2009 1 1201020112012 15% 201020112012 12 31 2010 2011 2012.................................. 305,633 990,077 1,648,198.................................. 31,029 232,552 980,577............................... 94,070 375,551 1,036,772 139

(2) 12 31 2010 2011 2012.................................. 112,700 220,450 350,719....................... (13,405) (53,516) (147,740)............................... 3,351 13,379 36,935................................. 102,646 180,313 239,914 (3) 2012 201227,300,000 11.4% 2012(i)(ii) 212,600,000 201020112012 (%) 12 31 2010 2011 2012 (%) (%) (%) (%).......... 1,616,681 89.7 9.8 2,752,772 90.8 11.4 5,244,449 92.7 9.2.............. 184,677 10.3 39.6 279,084 9.2 37.6 412,295 7.3 44.0............... 1,801,358 100 12.8 3,031,856 100 13.8 5,656,744 100 11.7 (%) 201020112012 12 31 89.7% 90.8% 92.7%201020112012 140

12 31 2010 2011 2012 % % %.............. 2,199 1,183,857 73.2 3,985 2,180,202 79.2 9,340 4,343,837 82.9.......... 768 418,622 25.9 873 506,484 18.4 1,120 547,297 10.4 MINI.............. 59 14,202 0.9 228 66,086 2.4 338 90,694 1.7.......... 32 190,490 3.6....... 10* 40,315 0.8......... 28 20,459 0.4............ 2 5,367 0.1.......... 3 5,990 0.1.............. 3,026 1,616,681 100.0 5,086 2,752,772 100.0 10,873 5,244,449 100.0 * 4S 201020112012 201020112012 12 31 73.2% 79.2% 82.9%201020112012 201020112012 12 31 538,000 547,000 465,000 2012 20102011 2012 12 31 25.9% 18.4% 10.4% 201020112012 12 31 184,700,000 279,100,000 412,300,000 20102011 2012 4S 141

4S201020112012 12 31 10.3% 9.2% 7.3% 4S 12 31 2010 2011 2012 (%) (%) (%)........... 1,458,326 92.9 2,440,304 93.3 4,762,592 95.4............... 111,625 7.1 174,052 6.7 230,706 4.6............. 1,569,951 100 2,614,356 100 4,993,298 100 2010201120122010 2011 2012 12 31 92.9% 93.3% 95.4%201020112012 201020112012 201020112012 12 31 7.1% 6.7% 4.6%2012 12 31 142

20102011 2012 12 31 12.8% 13.8% 11.7%201020112012 20102011 2012 12 31 9.8% 11.4% 9.2% 20102011 (i) (ii) 2012 20102011 2012 12 31 39.6% 37.6% 44.0% 20102011 2012 201020112012 12 31 31.5% 25.1% 27.4% 20102011(i) (ii)4s 20112012 12 31 2010 2011 2012............................... 4,563 13,211 61,141................ 2,474 3,843 5,326........................... 1,514 2,818 8,429............ 497.................................. 1,678 5,018 14,022.................................. 10,229 25,387 88,918 (i)(ii) 143

201020112012 12 31 4,600,000 13,200,000 61,100,000 2012 (i)(ii) (iii) 201020112012 15% (i) (ii) 12 31 2010 2011 2012 (%) (%) (%).......... 64,517 3.6 106,737 3.5 237,030 4.2.......... 18,716 1.0 30,330 1.0 71,611 1.3........... 83,233 4.6 137,067 4.5 308,641 5.5 201020112012 12 31 4.6% 4.5% 5.5% 20102011 2012 2012 144

12 31 2010 2011 2012............................. 20,576 35,720 71,094............................... 2,202 6,814 18,649................................ 1,774 2,069 6,413.................................. 3,215 8,548 23,961............................... 2,966 3,345 4,683................................ 1,699 1,661 3,239................................ 1,538 1,895 3,861.......................... 15,489 24,005 51,989.................................. 7,913 14,093 33,631........................... 3,991 5,424 15,103.................................. 3,154 3,163 4,407.................................. 64,517 106,737 237,030 201020112012 12 31 20,600,000 35,700,000 71,100,000 1.1% 1.2% 1.3% 201020112012 12 31 15,500,000 24,000,000 52,000,000 0.9% 0.8% 0.9% 201020112012 12 31 7,900,000 14,100,000 33,600,000 0.4% 0.5% 0.6% 145

12 31 2010 2011 2012............................. 2,287 3,969 11,417............................... 2,307 4,023 6,332................................ 3,591 4,064 5,648................................ 2,225 3,762 3,317.................................. 800 1,026 3,808.................................. 228 298 833............................... 671 1,561 13,724.................................. 879 1,566 3,737.......................... 400 400 400........................... 234 205 334.................................. 449 616 990............................. 245 370 1,884............ 1,630............................... 1,734 3,487 9,285.................................. 2,666 4,983 8,272.................................. 18,716 30,330 71,611 201020112012 12 3118,700,000 30,300,000 71,600,0001.0% 1.0% 1.3% 12 31 2010 2011 2012...... 19,654 60,327 131,275...................... 302 1,545 4,844.......................... (19,716).................................. 19,956 61,872 116,403 146

25% 2010 20112012 12 3125.8% 25.9% 26.2% 201020112012 2012 12 31 255,400,000 201020112012 12 31112,700,000 220,500,000 350,700,000 6.3% 7.3% 6.2% 20102011 2012 12 31 3,400,000 13,400,000 36,900,000102,600,000 180,300,000 239,900,000 201020112012 12 31 5.7% 5.9% 4.2% 2012 12 312011 12 31 2011 12 3130.386.8%2012 12 3156.6 2011 12 3127.590.5% 2012 12 3152.4 2011 12 31 5,086 2012 12 31 10,873(i) (ii)2011(iii)13 2011 119 2012 2011 12 31279,100,00047.7% 2012 12 31412,300,000(i)2012 (ii)4s 2011 12 3126.191.2% 2012 12 3149.9 2011 12 3124.495.1% 2012 12 3147.6 90.5% 2011 12 31174,100,000 147

32.5%2012 12 31230,700,000 47.7% 2011 12 31 13.8%2012 12 31 11.7% 2011 12 31 11.4%2012 12 31 9.2%2012 2011 12 31 37.6%2012 12 31 44.0%2012 2011 12 3125,400,000 250%2012 12 3188,900,0002011 12 3113,200,000363%2012 12 31 61,100,000(i) (ii) (iii) 2011 12 3153,500,000176% 2012 12 31147,700,000 2011 12 31106,700,000 122.1%2012 12 31237,000,000 2011 12 3135,700,00099.2% 2012 12 3171,100,000 2011 12 31 24,000,000116.7%2012 12 3152,000,000 2011 12 3114,100,000138.3%2012 12 3133,600,000 148

2011 12 3130,300,000 136.3%2012 12 3171,600,000 2011 12 311,600,0002012 12 31 13,700,000 2011 12 3161,900,000 88.0%2012 12 31116,400,000 2011 12 31 220,500,000 59.0% 2012 12 31350,700,0002011 12 31 7.3%2012 12 31 6.2%2011 2012 12 31 13,400,000 36,900,000180,300,000 239,900,0002011201233.1% 2012 2012 212,600,000 20102011 12 31 5.9% 4.2% 2011 12 312010 12 31 2010 12 3118.068.3%2011 12 3130.3 2010 12 3116.269.8% 2011 12 3127.5 2010 12 31 3,026 2011 12 31 5,086(i) (ii)2010(iii) 2010 12 31184,700,00051.1% 2011 12 31279,100,000(i) 4S(ii) 2010 12 3115.766.2% 2011 12 3126.1 149

2010 12 3114.667.1% 2011 12 3124.4 69.8% 2010 12 31111,700,000 55.9%2011 12 31174,100,000 51.1% 2010 12 31 12.8%2011 12 31 13.8% 2010 12 31 9.8%2011 12 31 11.4% 2010 12 31 39.6%2011 12 31 37.6% 2010 12 3110,200,000 149.0%2011 12 3125,400,000 2010 12 314,600,000 187.0%2011 12 31 13,200,000(i)(ii) 2010 12 3113,400,000 2011 12 3153,500,000 2010 12 3164,500,000 65.4%2011 12 31106,700,000 2010 12 3120,600,00073.3% 2011 12 3135,700,000 2010 12 31 15,500,00054.8%2011 12 3124,000,000 2010 12 317,900,00078.5%2011 12 3114,100,000 150

2010 12 3118,700,000 62.0%2011 12 3130,300,000 2010 12 3120,000,000 2011 12 3161,900,000 2010 12 31 112,700,000 95.7% 2011 12 31220,500,0002010 12 31 6.3%2011 12 31 7.3%2010 2011 12 31 3,400,000 13,400,000102,600,000 180,300,0002010201175.7% 20102011 12 31 5.7% 5.9% 201020112012 201020112012 12 12 31 2010 2011 2012..................... 97,105 92,843 90,979..................... (253,339) (883,232) (1,202,082)..................... 231,153 776,297 1,274,420.......... 74,919 (14,092) 163,317................. 193,475 179,383 342,685 151

2012 12 3191,000,000 2012 12 31 2011 12 31(i) 475,000,000 (ii) 95,800,000(iii)(a)2012 12 31 2012 12 31 139,400,000(b)170,100,000 355,100,000 (i) 376,900,000(ii) 384,000,000 2011 12 3192,800,000 2011 12 31 2010 12 31(i) 318,800,000 (ii) 304,200,000(iii)(a)2011 12 31 2011 12 31 42,900,000(b)54,700,000 110,600,000 (i) 389,600,000(ii) 173,200,000(iii) 65,200,000 2010 12 3197,100,000 2010 12 31 2009 12 31(i) 166,300,000 (ii) 165,000,000(iii)(a)2010 12 31 2010 12 31 42,100,000(b)26,100,000 75,400,000 (i) 168,500,000(ii) 69,500,000(iii) 62,600,000 152

2012 12 311,202,100,000 (i)98,000,000 (ii)877,400,000(iii) 250,000,000 2011 12 31883,200,000 (i)630,900,000 (ii)174,800,000(iii) 76,000,000 2010 12 31253,300,000 (i)198,200,000 (ii)56,400,000 2012 12 3113.0 37.125.1 2011 12 31776,300,000 18.113.5 2010 12 31231,200,000 660,000,000 471,100,000 12 153

12 31 2010 2011 2012................................ 160,490 333,692 710,554.......................... 11,678 16,666 59,112............ 289,756 627,401 688,221........................ 305,633 993,194 679,448........................ 215,837 281,023 665,055............................. 9,974 13,646 17,333...................... 193,475 179,383 342,685........................... 1,186,843 2,490,005 3,162,408..................... 395,416 859,535 1,777,774................. 418,081 722,329 818,129................. 131,760 274,992 626,852........................... 58,161 134,977 255,415........................... 1,003,418 1,991,833 3,478,170.................... 183,425 498,172 (315,762) 2012 12 31315,800,0002011 12 31 498,200,000 15 672,000,000(i) 918,200,000(ii) 351,900,000(i) 376,900,000(ii)384,000,000(iii) 163,300,000313,700,000 559,000,0002013 4 30 3513 2012 12 31 154

201020112012 12 31 2010 2011 2012................................ 145,817 309,027 655,809........................... 14,673 24,665 54,745.................................. 160,490 333,692 710,554 2010 12 31 160,500,000107.9% 2011 12 31 333,700,000113.0% 2012 12 31 710,600,000 (i) (ii)2013 3 31 437,900,0002012 12 31 2012 12 31 61.6 (1) 12 31 2010 2011 2012................................ 28 34 37........................... 40 41 63.................................. 29 34 38 (1) (i) (ii) 201020112012 12 3129 3438201020112012 2011 12 31 41 2012 12 31 63 2010 12 31 28 2011 12 31 342012 12 31 37 155

201020112012 12 31 100,200,000 220,600,000 408,400,000 (i) (ii) (iii) 60 90 201020112012 201020112012 12 31 11,700,000 16,700,000 59,100,0002012 12 31 (i)(ii) 201020112012 12 31 2012 12 31 156

12 31 2010 2011 2012.......................... 198,557 532,738 262,433............................... 77,380 101,018 229,329 (1).......................... 11,027 30,376 164,094............................... 626 1,673 9,629.................................. 2,166 6,596 22,736.................................. 289,756 672,401 688,221 (1) 17% 201020112012 12 31 198,600,000 532,700,000 262,400,000 (i)(ii) 2011 12 31 2011 2012 12 31 20102011 2012 12 31 77,400,000 101,000,000 229,300,000 2012 12 31 2011 12 31 30,400,000 2012 12 31 164,100,000 2012 12 31 157

12 31 2010 2011 2012........................... 5,633 7,457 11,383............................... 412,448 714,872 806,746.................................. 418,081 722,329 818,129 12 31 2010 2011 2012 3................................ 376,984 616,424 777,735 3 6............................... 40,759 105,455 37,193 6 12.............................. 151 2,836 12............................. 338 299 365.................................. 418,081 722,329 818,129 201020112012 12 31 3 90.2% 85.3% 95.1% (i)(ii) 201020112012 12 31 777956 158

12 31 2010 2011 2012............................. 10,546 43,197 39,992........................ 900 3,864 8,764............................... 62,017 104,946 244,313.................... 46,869 101,531 271,641........................... 186 1,232 10,846...................... 9,148 17,207 25,851.................................. 2,094 3,015 25,445.................................. 131,760 274,992 626,852 2010 2011 2012 12 31 62,000,000 104,900,000 244,300,000 20102011 2012 12 31 46,900,000 101,500,000 271,600,000 201020112012 12 31 900,000 3,900,000 8,800,000 159

201020112012 12 3167,500,000 201,000,000 893,300,000 4S 201020112012 12 314S4S4S 31,400,000 168,100,000 314,100,0004S 201020112012 12 31 1,000,000 2,000,000 59,000,000 12 31 2010 2011 2012................. 67,287 200,736 892,903 (1).......................... 225 238 377.................................. 67,512 200,974 893,280 (1) 2010 2011 2012 12 31 1,000,000 1,000,000 1,100,000 2012 12 31 164,600,000 12 31 2010 2011 2012........................ 32,856 5,600 164,592 160

1 30 12 31 2010 2011 2012....................... 979 1,608 10,446 3,342 23,451 11,277................. 2,818 7,165 76,342 12,273 73,019 38,763....................... 2,966 87,032 67,572 103,708 30,078 163,138......................... 6,763 95,805 154,360 119,323 126,548 213,178 12 31 2010 2011 2012.......................... 305,633 990,077 676,452........................... 3,117 2,996.................................. 305,633 993,194 679,448 20102011201215% 161

201020112012 12 31 2010 2011 2012.............................. 305,633 990,077 1,648,198.............................. 31,029 232,552 980,577........................... 94,070 375,551 1,036,772 201020112012 12 31 13,400,000 53,500,000 147,700,000 7.8% 14.9% 25.0%3,400,000 13,400,000 36,900,000 20102011 2012 12 31 102,600,000 180,300,000 239,900,000 2012 12 31 14A 201020112012 12 31 345,400,000 724,500,000 1,560,000,000 2010 20112012 12 31160,400,000 168,000,000 315,200,000 HAT 180,000,000 HAT 2012 12 31 16 32,600,000 162

14A.31 7 12 31 2010 2011 2012 2013 4 30 (%) (%) (%) (%)........... 5.3-8.3 320,000 6.6-12.8 671,000 6.2-12.0 1,283,000 6.0-12.0 1,188,846........... 5.3-6.0 75,416 5.8-9.2 188,535 5.8-8.5 494,774 5.8-8.5 1,226,376 395,416 859,535 1,777,774 2,415,222........... 6.6-7.2 60,000 8.7 59,630........... 8.5 230,000 8.5 50,000 290,000 109,630 395,416 859,535 2,067,774 2,524,852 163

201020112012 12 31 150,400,000 498,500,000 1,344,800,000 201020112012 12 31 2010 2011 2012 2013 4 30.......................... 30,000 105,000 455,000 722,899.......................... 225,000 331,000 675,000 904,340.................... 120,416 393,535 889,774 877,613.......................... 20,000 30,000 48,000 20,000............................ 395,416 859,535 2,067,774 2,524,852 201020112012 2011 12 3113,000,000 20102012 12 31 164

2010 20112012 201020112012 12 31 2010 12 31 3 3 12 1 5 5...... 90,613 314,030 404,643........... 1,106 380,527 36,448 418,081........... 13,540 13,540.................. 14,646 471,140 350,478 836,264 2011 12 31 3 3 12 1 5 5...... 261,075 625,915 886,990........... 725 561,699 159,905 722,329........... 50,076 50,076.................. 50,801 822,774 785,820 1,659,395 165

2012 12 31 3 3 12 1 5 5...... 753,563 1,094,347 298,412 2,146,322........... 3,805 584,558 229,766 818,129........... 74,434 74,434.................. 78,239 1,338,121 1,324,113 298,412 3,038,885 201020112012 12 31 12 31 2010 2011 2012.................... 395,416 859,535 2,067,774................. 418,081 722,329 818,129................. 131,760 274,992 626,852................... (193,475) (179,383) (342,685)............................. 751,782 1,677,473 3,170,070................... 339,855 853,371 588,758......................... 68.9% 66.3% 84.3% 166

12 31 2010 2011 2012 (1).............................. 1.18 1.25 0.91 (2).......................... 68.9% 66.3% 84.3% (1) (2) 12 31 2010 2011 2012 (3)......................... 32.1% 25.6% 22.6% (4)............................ 44.7% 36.8% 48.0% (5)............................ 11.1% 10.5% 9.7% (3) (4) (i)(ii) (5) (i)(ii) 201020112012 12 311.18 1.25 0.91 2010 12 311.182011 12 311.25 120,000,0002011 12 311.252012 12 310.912012 20102011 2012 12 31 68.9% 66.3% 84.3% 2010 12 3168.9%2011 12 31 66.3%120,000,000 2011 12 3166.3%2012 12 3184.3%2012 167

20102011 2012 12 31 32.1% 25.6% 22.6%(i) (ii) 201020112012 12 317.1% 8.8% 7.7%201020112012 12 314.52.9 2.920102012(i) (ii) 2010 12 31 4.5 2011 12 312012 12 31 2.9 2011 2011 2011 2012 2011 2013 20102011 2012 12 31 44.7% 36.8% 48.0%2010 12 31 44.7%2011 12 31 36.8%3 120,000,000 2011 12 31 36.8%48.0% (i) (ii) 559,300,000 20102011 2012 12 31 11.1% 10.5% 9.7%2010 12 31 11.1%2011 12 31 10.5% (i) (ii)120,000,000 2011 12 31 10.5%9.7% 168

2013 5 20 19,110,89818 169

2012559,300,000 2012 12 312013 12 31 20% 13.1313.19 13.1313.19 170

To insert the firms letterhead 2.1 201020112012 12 31 201020112012 12 31 2012 12 31 2012 9 242.1 2012 9 29 39 12 31 39 I-1

201020112012 12 31 2.1 2012 12 31201020112012 12 31 I-2

I. 2.1 1. 12 31 2010 2011 2012......................... 5(a) 1,801,358 3,031,856 5,656,744................. 6(b) (1,569,951) (2,614,356) (4,993,298)......................... 231,407 417,500 663,446............. 5(b) 23,634 78,903 236,658................. (64,517) (106,737) (237,030)...................... (18,716) (30,330) (71,611)...................... 171,808 359,336 591,463...................... 7 (19,956) (61,872) (116,403)............... 17 222.................... 6 151,852 297,464 475,282......................... 8(a) (39,152) (77,014) (124,563).................... 112,700 220,450 350,719................. 112,700 220,466 350,822.................. (16) (103) 112,700 220,450 350,719................. 12 I-3

2. 12 31 2010 2011 2012............................. 112,700 220,450 350,719.............................................. (15)...................... 112,700 220,450 350,704.......................... 112,700 220,466 350,807........................... (16) (103) 112,700 220,450 350,704 I-4

3. 12 31 2010 2011 2012................. 13 130,550 311,130 1,149,926...................... 14 14,297 13,897 13,497........................ 15 974 1,007 1,050........................ 16 7,803 21,417 31,943................. 17 6,000 6,222.................... 28 2,806 6,732 10,092................... 156,430 360,183 1,212,730........................... 18 160,490 333,692 710,554.................... 19 11,678 16,666 59,112....... 20 289,756 672,401 688,221................... 35(b) 305,633 993,194 679,448................... 21 215,837 281,023 665,055........................ 22 9,974 13,646 17,333................. 23 193,475 179,383 342,685.................... 1,186,843 2,490,005 3,162,408............... 24 395,416 859,535 1,777,774............ 25 418,081 722,329 818,129............ 26 131,760 274,992 626,852...................... 58,161 134,977 255,415.................... 1,003,418 1,991,833 3,478,170............. 183,425 498,172 (315,762)............... 339,855 858,355 896,968............... 24 290,000.................... 28 4,929................... 294,929........................ 339,855 858,355 602,039........................... 29........................... 30 339,855 853,371 588,758 339,855 853,371 588,758...................... 4,984 13,281........................ 339,855 858,355 602,039 I-5

4. 29 30(i) 30(ii) * * * * 2009 12 31.......................... 9,542 72,000 83,363 164,905 164,905......................... 62,250 62,250 62,250........................... 112,700 112,700 112,700............................ 10,001 (10,001) 2010 12 31.......................... 19,543 134,250 186,062 339,855 339,855......................... 369,050 369,050 369,050............. 5,000 5,000............... (76,000) (76,000) (76,000)........................... 220,466 220,466 (16) 220,450............................ 18,242 (18,242) 2011 12 31.......................... 37,785 427,300 388,286 853,371 4,984 858,355......................... 193,900 193,900 193,900............. 8,400 8,400............... (250,000) (250,000) (250,000).................. (559,320) (559,320) (559,320)........................... (15) 350,822 350,807 (103) 350,704............................ 20,664 (20,664) 2012 12 31.......................... 58,449 371,200 (15) 159,124 588,758 13,281 602,039 * 2010 12 312011 12 312012 12 31 339,855,000 853,371,000 558,758,000 I-6

5. 12 31 2010 2011 2012...................... 151,852 297,464 475,282............... (222)........... 13 8,792 15,659 37,368................ 14 400 400 400.................. 15 234 205 334..................... 5(b) (14,919) (56,334) (156,169).............. 6(c) (497) 1,630..................... 7 19,956 61,872 116,403 166,315 318,769 475,026............... (62,647) (65,186) (384,032).................... (5,324) (3,672) (3,687)................. (509) (4,988) (42,446).................. (168,511) (389,583) (25,329)....................... (69,539) (173,202) (376,862)............ 164,954 304,248 95,800........ 75,426 110,581 355,065.................... 100,165 96,967 93,535...................... (3,060) (4,124) (2,556)............. 97,105 92,843 90,979 I-7

12 31 2010 2011 2012.......... (56,437) (174,761) (877,409).................... 4,994 15,109.................... (225) (238) (377)................. (6,000)....... (3,117) 121............ (198,191) (630,928) (97,955)...................... (76,000) (250,000)....................... 1,514 2,818 8,429............. (253,339) (883,232) (1,202,082)........ 659,981 1,810,166 3,714,604............ (471,122) (1,346,047) (2,506,365)............... 62,250 369,050 193,900.................. 5,000 8,400....................... (19,956) (61,872) (136,119)............. 231,153 776,297 1,274,420.............. 74,919 (14,092) 163,317.................. 118,556 193,475 179,383............... (15)........ 23 193,475 179,383 342,685 I-8

6. 2012 12 31......................................................................................................................................................................................................................................................................................................................................... 29.............................................................................. I-9