2011
2 38 3 40 4 41 6 43 9 44 10 45 20 46 24 86 30
5 6 7 5 6 7 8 9 8 9
1 2 1 2 3 3 4 4
2 (i)(ii) (iii)
3 FCCA FCPA FHKIoD FCCA FCPA FHKIoD FCCA FCPA FHKloD FHKIoD FCCA FCPA Maples and Calder www.cigyangtzeports.com 8233 12 2909A Butterfield Fund Services (Cayman) Ltd. P.O. Box 705 Butterfield House 68 Fort Street George Town Grand Cayman Cayman Islands 183 17 1712 1716 P.O. Box 309 GT Ugland House South Church Street George Town Grand Cayman Cayman Islands (852) 2868-0212 (852) 2868-0620 cigyp@cigyangtzeports.com
4 98,086 57,291 (48,042) (33,851) 50,044 23,440 5,793 11,793 (26,668) (18,626) 29,169 16,607 (13,924) (7,193) 15,245 9,414 (12,256) (11,513) 2,989 (2,099) (2,066) (831) 923 (2,930)
5 (TEU) (%)
6 9.2%47.2 1.1 8%7.5%
7 85% 300,000(TEU)308,697 TEU265,779 TEU 16% 41%43% 98,090,00040,800,00071% 29,170,00012,560,00076% 920,0002,930,000 65 90
8
9 600
10 Chow Holdings Limited CIG China Holdings Limited Unbeatable Holdings Limited Harbour Master Limited599,888,141 50.97% 91.06% 189,428,000 16.09%0.36 91.06%74.97% 25
11 85%
308,697 TEU 265,779 TEU42,918 TEU16% 308,697 TEU132,325 TEU59,503 TEU43%22%176,372 TEU 206,276 TEU57%78%
14 43,180,00028,390,00044% 49% 52,68522%
15 13,490,000 11,060,00065 25 90 % % % 53,590 55 27,855 49 25,735 92 22,388 23 19,627 34 2,761 14 20,788 21 8,758 15 12,030 137 1,320 1 1,051 2 269 26 98,086 100 57,291 100 40,795 71 98,090,00057,290,00040,800,000 71%
16 TEU % TEU % TEU % 132,325 43 59,503 22 72,822 122 176,372 57 206,276 78 (29,904) (14) 308,697 100 265,779 100 42,918 16 308,697 TEU265,779 TEU42,918 TEU16% 41%43% 715,026 TEU 50,040,00023,440,00026,600,000 51%41% 122% 66% 2,930,000920,0003,850,000 0.080.25
17 131 131 131 131 8 8 8 8 20 20 1 19 20 2 11 13 2 9 11 35 35 35 35 3 22 25 3 19 22 5 227 232 6 221 227 21,410,000 17,040,0002,340,000 1,950,000
18 430,000 8,350,000 243,880,000 199,900,000 235,400,000 23,380,00049,650,000158,090,000 149,700,000 1.61.4
19 7,799,000 2,940,00018,017,000 261,604,000261,570,000 8,668,0008,588,000
20 39 2098.HK 6 15 43 2098.HK 32 (Middlesex University) 57
21 58 51 Andrews University I.T Limited 33
22 20 8
23 7 20 17
24 A.2.1 15 A.2.1
25 12 11 91.7% 12 10 83.3% 12 10 83.3% 12 10 83.3% 12 12 100.0% 12 11 91.7% 12 9 75.0% 5.05(1) (2) 5.09 Yangtze Ventures II Limited
26 114 130 1.
27 2. 8 28 3. 395,000100,000 4 4 100% 4 4 100% 4 4 100% 4 4 100%
28 (i) (ii) (iii)(iv)
29 (852)2868 0212 (852)2868 0620 122909A cigyp@cigyangtzeports.com
30 27 40 43 26 45.2% 14.0%31.2% 17.3% 5% 25% 25% 25%
31 200,000 28 15 25
32 130 5.09 20 23
33 8 9 571 XV(a) V7 8 (b)352 (c)5.46 5.68 1 2 1,071,868,621(L) 91.06% 1. L 2. 1,071,868,621(L) XV XV7 8 352 XV
34 336 XV23 5% 1 2 1,071,868,621(L) 91.06% 2 1,071,868,621(L) 91.06% 1. L 2.
35 34,537,974 345,379,74710% 10.11.2008 0.100 914,508 (914,508) (a), (d) 13.04.2010 0.182 271,360 (271,360) (a), (d) 10.11.2008 0.100 914,508 (914,508) (a), (d) 13.04.2010 0.182 271,360 (271,360) (a), (d) 10.11.2008 0.100 914,508 (914,508) (a), (d) 13.04.2010 0.182 271,360 (271,360) (a), (d) 10.11.2008 0.100 914,508 (914,508) (a), (d) 13.04.2010 0.182 271,360 (271,360) (a), (d) 10.11.2008 0.100 914,508 (914,508) (a), (d) 13.04.2010 0.182 271,360 (271,360) (a), (d) 10.11.2008 0.100 914,508 (914,508) (a), (d) 13.04.2010 0.182 271,360 (271,360) (a), (d) 16.11.2009 0.177 914,508 (914,508) (b), (d) 13.04.2010 0.182 271,360 (271,360) (c), (d) 8,301,076 (8,301,076) 10.11.2008 0.100 11,990,216 (6,909,616) (5,080,600) (a), (d) 13.04.2010 0.182 3,557,839 (3,557,839) (a), (d) 15,548,055 (6,909,616) (8,638,439) 23,849,131 (6,909,616) (16,939,515)
36 (a) 50% 50% 0.130.064 0.10 (b) 50% (c) 1250% (d) 3,952,896 12,986,619 17.15 17.22 8% 8%
37 5.48 5.67 5.09 5.28 5.29 Grant Thornton Hong Kong Limited Grant Thornton Hong Kong Limited
38 40 85
39 10 20
40 5 98,086 57,291 (48,042) (33,851) 50,044 23,440 6 5,793 11,793 (7,662) (6,783) (31,262) (23,356) 10 (13,924) (7,193) 7 2,989 (2,099) 11 2,989 (2,099) 4,635 3,703 7,624 1,604 12 923 (2,930) 2,066 831 2,989 (2,099) 4,935 263 2,689 1,341 7,624 1,604 13 0.08 0.25 13 0.08 0.25 46 85
41 15 308,413 285,067 16 8,668 8,588 17 19,490 14,125 336,571 307,780 18 2,233 1,062 19 34,623 14,840 13,220 5,923 20 8,420 17,082 21 23,384 49,648 81,880 88,555 22 13,979 11,239 23 24,388 38,367 11,239 43,513 77,316 380,084 385,096 23 219,490 235,400 24 2,500 221,990 235,400 158,094 149,696
42 25 117,706 117,015 26 20,669 15,651 138,375 132,666 19,719 17,030 158,094 149,696 46 85
43 27 50,897 50,897 22 150 27 115,751 116,779 115,773 116,929 22 1,102 141 114,671 116,788 165,568 167,685 25 117,706 117,015 26 47,862 50,670 165,568 167,685 46 85
44 2,989 (2,099) 12,256 11,513 318 (26) (203) (113) 16,169 13,219 83 233 31,612 22,727 (19,241) 108 (7,237) (1,100) 9,396 (2,257) (1,132) (111) 2,341 2,206 15,739 21,573 (16,169) (13,219) (430) 8,354 203 113 (11,029) (2,457) 95 357 (19,762) (8,355) (30,493) (10,342) 691 2,500 105,342 (28) (122) (80,625) 3,069 24,689 (27,854) 22,701 49,648 26,644 1,590 303 21 23,384 49,648 46 85
45 117,015 63,018 386 15,268 (63,517) 132,170 15,689 147,859 (2,930) (2,930) 831 (2,099) 3,193 3,193 510 3,703 3,193 (2,930) 263 1,341 1,604 233 233 233 233 233 233 117,015 63,018 619 18,461 (66,447) 132,666 17,030 149,696 923 923 2,066 2,989 4,012 4,012 623 4,635 4,012 923 4,935 2,689 7,624 691 691 691 83 83 83 (702) 702 691 (619) 702 774 774 117,706 63,018 22,473 (64,822) 138,375 19,719 158,094 46 85
46 1. P.O. Box 309, GT Ugland House, South Church Street, George Town, Grand Cayman, the Cayman Islands 122909A 2.
47 3. 3.1 3.2 3.22 3.3
48 3. 3.3 3.4
49 3. 3.4 3.5 5 20 1 5 5 3.6
50 3. 3.7 50 3.8 (a) (b) (c) (d)
51 3. 3.8 3.9
52 3. 3.10 3.11 3.19 12
53 3. 3.12 3.13 3.14
54 3. 3.15 3.16
55 3. 3.17 20% 3.18
56 3. 3.19 3.20
57 3. 3.21 (i) (ii) (iii) (iv) (v) (i) (vi) 3.22 (i)
58 3. 3.22 (ii) 4. 99%99% 10% 14% 12%18% 13% 13% 26%44% 5.
59 6. 203 113 26 515 460 5,075 11,194 5,793 11,793 7. 20,046 16,081 83 233 1,284 726 21,413 17,040 56,251 40,877 (8,209) (7,026) 48,042 33,851 395 394 234 227 13,886 7,691 12,022 11,286 318 (26) 1 (32) 1,111 949
60 8. 161 3 1 3 3 3 3 9 7 27 27 27 27 1,750 2 11 1,763 2 2 2 2 2 2 160 2 162 160 2 162 160 33 193 480 1,804 45 11 2,340
61 8. 1,350 8 12 1,370 8 8 8 8 8 8 160 8 168 160 8 168 160 57 217 480 1,350 105 12 1,947 3.18
62 9. 8 1,990 1,721 12 58 16 12 2,018 1,791 1,000,000 10. 16,169 5,426 7,788 5 16,169 13,219 (2,245) (6,026) 13,924 7,193
63 11. 15 50% 12.5% 2,989 (2,099) 1,640 114 1,537 737 (15) (22) 1,289 910 (111) (74) (4,340) (1,665) 60,651,00061,579,000 7,834,00016,058,000 52,817,00045,521,000 12. 2,891,0001,536,000
64 13. 923,000 2,930,0001,174,107,4831,170,146,564 923,000 2,930,000 1,174,107,483 1,170,146,564 2,507,862 1,176,615,345 1,170,146,564 14.
65 15. 263,399 55,984 3,779 3,474 194 326,830 (20,858) (16,497) (2,675) (2,628) (63) (42,721) 242,541 39,487 1,104 846 131 284,109 242,541 39,487 1,104 846 131 284,109 286 1,298 145 728 2,457 1,325 56 1,381 (157) (41) (133) (331) (6,634) (3,811) (342) (472) (27) (11,286) 7,405 1,282 33 14 3 8,737 244,923 38,155 899 983 107 285,067 273,050 58,879 3,722 3,524 197 339,372 (28,127) (20,724) (2,823) (2,541) (90) (54,305) 244,923 38,155 899 983 107 285,067
66 15. 244,923 38,155 899 983 107 285,067 5,181 4,728 832 288 11,029 14,869 43 14,912 (29) (333) (38) (13) (413) (7,787) (3,425) (324) (486) (12,022) 8,428 1,350 31 27 4 9,840 265,585 40,518 1,400 799 111 308,413 302,474 64,846 4,452 3,810 201 375,783 (36,889) (24,328) (3,052) (3,011) (90) (67,370) 265,585 40,518 1,400 799 111 308,413 261,604,000261,570,000
67 16. 8,588 8,538 (234) (227) 314 277 8,668 8,588 10,425 10,057 (1,757) (1,469) 8,668 8,588 8,668,0008,588,000 10 50 17. 14,125 6,926 19,762 8,355 (14,912) (1,381) 515 225 19,490 14,125
68 18. 2,233 1,062 19. 0 30 11,791 5,114 31 60 7,050 4,684 61 90 6,691 3,481 90 9,091 1,561 34,623 14,840 60 120 1 90 8,740 1,446 90 416 95 9,156 1,541 25,467,00013,299,000
69 19. 20. 21. 23,384,00049,648,000 22. 1,751 1,011 12,228 10,228 1,102 141 13,979 11,239 1,102 141 30 7,045 5,295 1,102 141 31 60 1,066 2,007 61 90 449 738 91 180 895 211 180 4,524 2,988 13,979 11,239 1,102 141 180 4,524,000869,000
70 23. 73,175 70,620 170,703 164,780 243,878 235,400 (24,388) 219,490 235,400 24,388 73,175 23,540 146,315 70,620 141,240 243,878 235,400 73,175,000 59,980,00070,620,000 60,000,00080,520,000 66,000,000 34 5.67.055.66.14 24.
71 25. 0.1 2,000,000,000 200,000 2,000,000,000 200,000 1,170,146,564 117,015 1,170,146,564 117,015 6,909,616 691 1,177,056,180 117,706 1,170,146,564 117,015 6,909,616 26. 63,018 386 (11,431) 51,973 233 233 (1,536) (1,536) 63,018 619 (12,967) 50,670 83 83 (702) 702 (2,891) (2,891) 63,018 (15,156) 47,862
72 26. 3.4 47,862,000 50,051,000
73 27. 50,897 50,897 115,751 116,779 166,648 167,676 CIG Port Holdings Limited 12,000 1 100% Wuhan Investment Holdings Limited 100 1 100% CIG Yangtze Corporate and Project Finance Limited 100 1 100% 130,000,000 85% 9,607,000 100% 5,000,000 85%
74 28. 34,537,974 345,379,74710% 28.1 10,850,000 (i) 0.13 0.13 0.064 (ii) 50% (iii)
75 28. 28.1 0.1300.064 8,600,00017,477,264 0.06423 17,477,264 0.0640.100.182 5,185,999 17,477,26422,663,263 28.2 914,508 (i) 0.177 (ii) 50% (iii)
76 28. 28.3 271,360 (i) 0.182 (ii) 50% (iii)
77 28. 0.100 5,487,048 (5,487,048) (a), (b), (c) 0.177 914,508 (914,508) (c), (e) 0.182 1,628,160 (1,628,160) (c), 28.1 0.182 271,360 (271,360) (c), (f) 0.100 11,990,216 (6,909,616) (5,080,600) (a), (b), (c), (d) 0.182 3,557,839 (3,557,839) (c), 28.1 23,849,131 (6,909,616) (16,939,515)
78 28. 0.100 5,487,048 5,487,048 (a), (b), (c) 0.177 914,508 914,508 (c), (e) 0.182 1,628,160 1,628,160 (c), 28.1 0.182 271,360 271,360 (c), (f) 0.100 11,990,216 11,990,216 (a), (b), (c), (d) 0.182 3,557,839 3,557,839 (c), 28.1 18,391,772 271,360 5,185,999 23,849,131 (a) 0.13 0.0640.10 (b) 50% 50% (c) 3,952,89612,986,619 0.130.1 (d) 0.10 (e) 0.177 914,5080.10 50%
79 28. (f) 0.182 271,3600.10 50% (g) Black Scholes95% 1.16% (h) 1.12 29. 29.1 34,623 14,840 4,199 2,036 22 8,420 17,082 23,384 49,648 115,751 116,779 70,626 83,606 115,773 116,779 13,979 11,239 1,102 141 243,878 235,400 2,500 260,357 246,639 1,102 141
80 29. 29.2 50 1,219,000 1,177,000 29.3 80,520,000 77,682,00073,175,00070,620,000
81 29. 29.3 1 1 2 2 5 5 13,979 13,979 2,500 2,500 25,628 79,285 194,784 299,697 39,607 81,785 194,784 316,176 11,239 11,239 25,816 77,053 197,480 300,349 11,239 25,816 77,053 197,480 311,588
82 29. 29.4 34,167 14,225 3,617 1,015 8,420 17,082 21,063 39,974 (12,322) (10,916) (243,878) (235,400) (188,933) (174,020) 188,933,000174,020,000 5% 9,447,0008,701,000 29.5 60 120 4 29.6
83 30. 1.81.8 1.61.4 243,878 235,400 (23,384) (49,648) 220,494 185,752 138,375 132,666 1.8 1.8 1.6 1.4
84 31. 1,140 1,269 966 1,914 2,106 3,183 2 3 32. 7,799 2,940 18,017 10,739 18,017
85 33. 4,910 3,896 40 90 39 86 4,989 4,072 34. 261,604,000261,570,000 8,668,0008,588,000 35. 36. 13,493,00065 37.
86 33,521 42,304 54,136 57,291 98,086 (18,075) (19,213) (27,518) (33,851) (48,042) 15,446 23,091 26,618 23,440 50,044 2,587 6,429 6,865 11,793 5,793 (17,727) (19,311) (20,618) (18,626) (26,668) 306 10,209 12,865 16,607 29,169 (9,417) (10,845) (8,455) (7,193) (13,924) (9,111) (636) 4,410 9,414 15,245 (8,135) (9,827) (10,377) (11,513) (12,256) (17,246) (10,463) (5,967) (2,099) 2,989 (16,283) (10,516) (6,004) (2,930) 923 (963) 53 37 831 2,066 (17,246) (10,463) (5,967) (2,099) 2,989 279,276 296,029 299,573 307,780 336,571 53,405 34,638 61,092 88,555 81,880 (120,777) (37,294) (8,746) (11,239) (38,367) (67,372) (2,656) 52,346 77,316 43,513 (85,694) (171,028) (204,060) (235,400) (221,990) 126,210 122,345 147,859 149,696 158,094 (1) (2)