SOLUTECK HOLDINGS LIMITED * 8111 (1) (2) (3) (4) 281 113 116 48 183 17 1712-171675 1104 www.hkgem.com *
......................................................................................................................... 1.......................................................... 6.......................................... 49........................................ 52............................ 82................................................. 87.......................................... 99................................................. 102..................................................... 113 - -
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9,000,000 - -
,000,000 0.,00,000 70% 0% - -
0. - -
.00 7 0.0 0,000,000,00,000 0,000,000 - -
% =7.8 =.799 - -
SOLUTECK HOLDINGS LIMITED * 111 Cricket Square Hutchins Drive P.O. Box 21 Grand Cayman KY1-1111 Cayman Islands 5 1104 (1) (2) (3) (4) 22,000,000 * - -
(i) (ii) (iii) (iv) 0% 30% - -
22,000,000 (i) 31,200,000 (ii) 31,200,000 (iii),500,0000.5 133,000,000 (iv) 113,100,000 0.5 113,100,000 (v) 50,000,000 0.5 50,000,000 5% 20% (i) ii 1,0,000 (i) (ii) (iii)302,000,000 (iv) (v) - -
.3 (vi) (vii) 10 - -
1,500,000 0.5% 1,500,000(i) 2,210(ii)10.03 0.5% 1025 2525 1.15 (i)(ii) 140,00020,000 a) 140,000 b) 140,00010,000 c) 50,000 d) 0.1% e),00,000 f) 10,000210,000 (i)10 (ii) 3,000(iii)40%(iv) 20 3% 12.5% 25% - 10 -
121,000,000 30% 0% (12) 4.3 (12) (35) (5) (155) (300) 11.3 35.5.13-11 -
(115) (5) (102) (220) 40.25 23.4 3. 5.3 (1).15 (3) - 12 -
(00) (00505) (0000) (0011) (0000) Gezhouba. 21.4 2.30 5.5 1.2 (0023) 33. (0044) 1.41 (00310) 115.4 (00131) (005) 5. - 13 -
(i) (ii) (iii),000,000 3,000,50 5,,0503 5,,050 (i)1.04% (ii) 15.2%(iii) 11.12% 133,000,000 0.1013,300,000-14 -
113,100,000 50,000,000 10 1,000,000 1,000,000 1,000,000 (a) (b) - 15 -
(i) (ii) 0.5 (i) (ii) (iii) (iv) 1,000,0001,000,000 (v) - 16 -
32,200,000 (i)44.25% (ii) 30.%(iii) 2.2% 32,200,000 0.10 32,20,000 0.5 0.53 5.% 0.51 3.1% 0.504 0.% 0.43 1.2% - 17 -
(a) (b) 100,000,000 250,000,000 (c) (d) (e) (f) (g) - 18 -
(h) (i) (ii) (i) (j) (k) (i) (ii) (iii) (iv) (h) (f) - 19 -
(f) (i) (k)(i) (iii) (g) (h)(f) (i) (k)(i) (iii) (e)(e) (g) (j) (j) 10% 10% - 20 -
.5 10%2,000,000-21 -
30,000,000 = 50,000,000 x 30,000,000 50,000,000 302,000,000 1. - 22 -
1,00,000 3.2 12 15% 1,000 10% 15% 5,500,00030,000,000-23 -
(i) (ii) (iii) 5,002.2 10-24 -
302,000,000 2,000,000,000 50100 50100 50100-25 -
- 26 -
10,000 10,000 10,000 3,200,500 12 24 1,000 1,000 1,000 1,000-27 -
200 100 1,000 A. 1,000 (a) (b) (i) (ii) (c) (i) 50,000,000 1,00030 2210,000,000 (ii) (iii) (iv) 1,000 1,000 1,000-28 -
(v) B. (a) (b) (i) (ii) (c) (i) 200 3,500,000,000 (ii) (iii) (iv) - 29 -
C. (a) (b) (i) (ii) (d) (i) 100 2,300,000,00020 0 (ii) (iii) (iv) - 30 -
1,000 10 20 (i) 1,000 (ii) (iii) (iv) - 31 -
1,000 200100 2 10 24-32 -
10 20 (1) (2) (3) (4) (5) () () () () Bureau of Environment Protection and Forestry Bureau of Culture, Sports, Broadcasting and Television (10) (11) (12) (13) (3) (12) 10-33 -
1,000 200100 10 1,000 300-34 -
25 1210 Mojoner 25-35 -
(1) 10 20 (2) 50100-36 -
(3) (4) (5) - 37 -
(6) Provisional Measures for the Administration of Financial Subsidies Funding in the Architectural Application of Solar Photovoltaic Power Generation 10 10 10 10-38 -
Provisional Measures in the Management of Financial Assistance for Demonstration Project of Golden Sun (7) Notice of the State Administration of Foreign Exchange on Issuing the Measures for the Evaluation of Banks' Implementation of Provisions on Foreign Exchange Administration (8) List of Public Infrastructure Projects Enjoying Enterprise Income Tax Preferential (200) 50% (9) - 39 -
(10) Xinjiang Power Design Institute 1025 25%10 25 (11) (12) Renewable Energy Policy Network for the 21st Century REN Renewables Global Status Report 2010 53% - 40 -
(13) (14) (15) 3,000,000 3,000,00045 4-41 -
1,000120 2,3,0002,5,000 1,25,000 1,3,000 Renewable Energy Policy Network for the 21st Century2010 0%53% 21 1,000 0,000,30040% - 42 -
1,000 1,000 (i) (ii) (iii) (iv) (v) - 43 -
(i)(ii) (iii)(iv) 2 2 1 131,150,000 1. 131,150,000 15.0 131,150,000 13.0 131,150,000 11. 131,150,000 10. 1 25,30,000 3.44 25,30,000 2.2 25,30,000 2.53 25,30,000 2.32 25,30,000 2.12 1 22,30,000 3.04 22,30,000 2.5 22,30,000 2.23 22,30,000 2.04 22,30,000 1. 1,10,000 24.2 1,10,000 20.5 1,10,000 1.3 1,10,000 1.32 1,10,000 14.5 4 34,000,000 4.1 1,000,000 1.1 300,000,000 2.0 33,200,000 35. 43,200,000 41.23 524,22,02 1.12 524,22,02 0.25 524,22,02 52.2 524,22,02 4.2 524,22,02 43.2 3,12,02 100.00 0,12,02 100.00 1,003,12,02 100.00 1,0,32,02 100.00 1,1,32,02 100.00 1. - 44 -
2. 3. 4. 4.1% 3,000,000 51% (i) (ii) (i) (ii) (iii) (iv) (1) (2)(3) http://secfilings.nasdaq. com/edgar_conv_html/2010/10/13/000130014-10-00033.html - 45 -
4,1,000 334,20,0005,24,000 3,54,000 ATM ATM ATM ATM 100,000,000 1,000,000,000 3,12,02 1,500,000,000 100,000,000 1,000,000,000-46 -
0.10 250,000,000 2,500,000,000 0.10 130,4,414130,400,000 45,200,000 45,200,000 25%100% 1 34,000,0004.1% 42 20 10,000-47 -
XV 1.50(2)(h) (v) 21 113 11 4 13 1 112-11 51104-48 -
1. http://www.hkexnews.hk/listedco/listconews/ gem/20101110/gln20101110029.pdf http://www.hkexnews.hk/listedco/listconews/gem/20080623/gln20080623000.pdf http://www.hkexnews.hk/listedco/listconews/ gem/20090622/gln20090622012.pdf http://www. hkexnews.hk/listedco/listconews/gem/20100629/gln20100629081.pdf www.hkgem.comwww.soluteck.com 2. ATM ATMATM 25 ATMATM ATM ATM - 49 -
22,800,000 5,600,000 8.7%15.1% 23,500,000 11107 11140-50 -
3. 2,360,000 1 4. 5. - 51 -
1. 11 31 292,000,000-52 -
3 3.340-53 -
- 54 -
A. 8 9 21 1 10 25 (3,036 ) (1,266 ) 11 (3 ) (2,993 ) (1,265 ) 12 (2 ) 10 (2,995 ) (1,265 ) 808 6 (2,187 ) (1,259 ) (2,995) (1,265) (2,187) (1,259) 14 (59.9) (25.3) - 55 -
17 575 475 18 20,477 21,052 475 19 1,872 708 20 2,121 21,204 3,993 21,912 2,470 112 21 2,360 22 342 215 5,172 327 (1,179 ) 21,585 19,873 22,060 23 387 387 19,486 21,673 19,873 22,060-56 -
i ii 387 387 22,932 22,932 6 (1,265 ) (1,259 ) 387 22,932 6 (1,265) 22,060 808 (2,995 ) (2,187 ) 387 22,932 814 (4,260 ) 19,873 i. ii. - 57 -
(2,993) (1,265) 66 25 (21) (1) 3 (25) (2,970) (1,241) (1,164) (708) 2,360 112 127 215 (1,647) (1,622) (1,647 ) (1,622 ) 21 1 (148) (500) (20,477) (20,604 ) (499 ) 387 22,932 2,360 2,360 23,319 (19,891) 21,198 21,204 808 6 2,121 21,204-58 -
1. Portcullis TrustNet (BVI) Limited, Portcullis TrustNet Chamber, P.O. Box 3444, Road Town, Tortola, the British Virgin Islands 2. 1 2 12 7 24 5 32 4 1 3 1 7 6 2 3 9 8 5 14 6 19 1 2 3 4 5 6 7 8-59 -
9 39 (i) (ii) 9 3. (a) 1,179,000 (b) - 60 -
(c) (d) 20% 20% - 61 -
(e) (f) (g) - 62 -
(h) (i) - 63 -
- 64 -
(j) (i) (ii) (iii) (iv) (v) (i) (iv) - 65 -
(vi) (iv) (v) (iv) (v) (vii) (k) 4. 3 5. - 66 -
6. - 67 -
3,216 539 4,830 1,247 777 14,320 3,993 14,859 4,830 1,247 5% 5%5% 5% 5%5% 5% 5% 81 35 (39 ) (716 ) - 68 -
2,360 2,360 2,360 2,470 2,470 2,470 4,830 4,830 4,830 112 112 112-69 -
7. 3,993 21,912 4,830 112 8. 9. 21 1-70 -
10. 66 25 3 612 185 25 11. 3 12. 25% 25% - 71 -
2 2 (2,993 ) (1,265 ) (748) (316) (8) 503 208 255 108 2 13. - 72 -
14. (2,995 ) (1,265 ) 50,000 50,000 15. 612 185 612 185-73 -
16. (a) (b) - 74 -
17. 285 215 500 285 215 500 123 25 148 12 9 21 420 249 669 25 25 25 25 23 43 66 1 2 3 24 70 94 396 179 575 285 190 475-75 -
18. 20,477 20,477 2,183 18,294 20,477 19. 391 708 1,481 1,872 708 20. 1,344 3,060 777 18,144 2,121 21,204 1,344,000 3,060,000 0.05% 0.36% 0.05% 0.72% - 76 -
21. 1 22. 342,000 215,000 23. 50 50 387 50 50 387 50 50 387 24. 26,095 2,329 25. 26. 27. - 77 -
B. 75 1104-78 -
2. 15% 爲 Provisional Measures for the Administration of Financial Subsidies Funding in the Architectural Application of Solar Photovoltaic Power Generation and Promotion of the Scale of Economies for Solar Photovoltaic Power Generation 200 100 200100-79 -
2,121,000 21,204,000 2,360,000-80 -
0.867.0 20.7%1.5% 132 612,000 185,000-81 -
11 31 84 7.317 7.31(7) - 82 -
300 7.31(1) 7.31(1) 75 1104-83 -
7.31 (i)(ii) - 84 -
165 575 740 740 20,477 20,477 20,477 2 277,447 277,447 165 21,052 21,217 298,664 9,185 9,185 9,185 19,179 19,179 19,179 10,755 1,872 12,627 12,627 54,884 2,121 57,005 1(i) (62,400) (5,395) 94,003 3,993 97,996 35,596 2,147 2,147 2,147 1,656 2,470 4,126 4,126 2,360 2,360 2,360 342 342 342 782 782 782 4,585 5,172 9,757 9,757 89,418 (1,179 ) 88,239 25,839 89,583 19,873 109,456 324,503 1(iii) 54,658 54,658 1,239 1,239 3 17,893 19,132 1,239 1,239 73,790 88,344 19,873 108,217 250,713-85 -
1. 297,320,000 1(i) 62,400 1(ii) 71,820 1(iii) 163,100 297,320 (i) (ii) (iii) 0.54 71,820,000133,000,000 32 163,100,000 54,658,000 2. 277,447,000297,320,000 19,873,000 36 3. 17,893,000 163,100 1(iii) (54,658) 108,442 16.5% 17,893-86 -
100% 100% - 87 -
(i) (ii) 1010 10142,510,000 10 17,488,200(KWh) 25%25 5.5% 100 0.01%5020 1,800-88 -
1010 30% 70% - 89 -
- 90 -
10-91 -
FCF = NI + NCE + Int (1 T int ) NCI InvFA InvWC FCF = NI = NCE = Int = T int = NCI = InvFA = InvWC = 17,500,0000.95% 17,500,000(i)2,210(ii) 10.07360.95% 25 2525 1.15 (i)(ii) 140,000290,000 a) 140,000 b) 140,000170,000 c) 560,000 d) 0.18% e) 6,700,000 f) 170,000210,000-92 -
(i)10 (ii) 36,000(iii)40%(iv) 20 3% 12.5% 25% 121,000,000 229,000 946,000 1. 600979 2. 600505 3. 600900 4. 600116 5. 000690 6. 600236 7. 600644 8. 600310 9. 600131 10. 600995-93 -
(i) (ii) (iii) WACC = R e (E/V) + R d (D/V) (1 T c ) WACC = R e = R d = E = D = V = T c = R e = R f + * MRP R e = R f = = MRP = 10 Central Government Bond3.91% 7.39% - 94 -
1. 0.690 2. 0.845 3. 0.550 4. () 0.589 5. 0.935 6. 0.500 7. 0.707 8. 0.835 9. 0.836 10. 0.860 0.735 0.735 2.020 6.40% 4.80%25% - 95 -
70% 30% 9.01% 25% 0.25% 0.50% 0.75% 1.00% 100% (%) (%) (%) -1.00% 8.01% +39% -0.75% 8.26% +29% -0.50% 8.51% +19% -0.25% 8.76% +9% 9.01% +0.25% 9.26% -9% +0.50% 9.51% -18% +0.75% 9.76% -26% +1.00% 10.01% -34% - 96 -
100%24,000,000 75 1104 BSc, MUD, MBA(Finance), MSc(Eng), PhD(Econ), FCIM, FRSM, SICME, SIFM, MHKIS, MCIAr, AFA, MASCE, MIET, MIEEE, MASME, MIIE, MASHRAE, MAIC B.Eng(Hon), PGD(Eng), MBA(Acct), CFA, AICPA/ABV, RBV - 97 -
1. 2. - 98 -
11 31 19.61 19.62 19.62(2) - 99 -
3000 3.341 75 1104-100 -
Suite 3214, 32/F., COSCO Tower 183 Queen s Road Central, Hong Kong 183 32 3214 19.61 19.62 75 1104-101 -
1. 2. 1,000,000,000 0.10 100,000,000.00 2,500,000,000 0.10 250,000,000.00 737,192,072 73,719,207.20 133,000,000 13,300,000.00 226,200,000 22,620,000.00 100,000,000 10,000,000.00 1,196,392,072 0.10 119,639,207.20-102 -
3. (a) XVXV 7 8 352 5.46 5.67 % 131,150,000 17.79 25,370,000 3.44 XV XV7 8 352 5.46 5.67-103 -
(b) XV2 3 10% 336 % 58,830,000 7.98 1 530,875,000 72.01 1 2 530,875,000 72.01 1 451,243,750 61.21 1 79,631,250 10.80 Best Jump International 46,000,000 6.24 Limited 3 46,000,000 6.24 4 459,200,000 62.29 4 5 459,200,000 62.29 4 5 459,200,000 62.29-104 -
1. 451,243,750 79,631,250 Oceania City Investment Company Limited Oceania City 100% 60% Oceania City 2. 3. Best Jump International Limited 200 4. 5. 70% 30% XV2 3 10% - 105 -
4. 5. (a) (b) (c) Power Metro Investments LimitedSolar Market Limited51%100,000,000 (d) 26,000,000 (e) 78,400,000 (f) 78,400,000 (g) 108,600,000-106 -
(h) Oceania City Investment Company Limited (i) (j) 90,630,000 6. 76,667125,000 83,333125,000 7. - 107 -
(i) 70,200 (ii) Dynatek Limited 360,000 8. Oceania City Investment Company Limited 2,000,000 11531153 1884 (i)(ii)(iii) (iv) 1,000,0006,000,000 1884-108 -
9. 10. 751104 (a) (b) 648 (c) (d) (e) - 109 -
(f) (g) (h) (i) (j) (k) (l) (m) 11. (a) Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands (b) 751104 (c) 183 17 1712-1716 (d) 128 (e) 128 (f) - 110 -
(g) 5.28 5.33 54 8129ViaGOLD Capital Limited 155 32 10 30 A - 111 -
42 20 (h) - 112 -
SOLUTECK HOLDINGS LIMITED * 8111 281 1. i. A 1.00 292,000,000 (i) (ii) (iii) (x)(y)(z) 5,999,050 * - 113 -
ii. 0.10 133,000,000 0.50 iii. 0.100.5 113,000,000 50,000,000 iv. 0.10 v. - 114 -
2. 1 1,500,000,000 100,000,000 1,000,000,000 0.10 250,000,000 2,500,000,000 0.10 3. Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 75 1104-115 -
(1) (2) 48 183 17 1712-1716 751104 (3) (4) www.hkgem.com - 116 -