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China ITS (Holdings) Co., Ltd. 236,840,000 23,684,000 213,156,000176,318,781 36,837,219 3.901% 0.004%0.005% 0.0002 1900 32342C 3.902.85 3.20 2.853.90 (1)144A (2)S

(1) (2)..................... (3)............................ eipo www.eipo.com.hk (4)........................ eipo................................ (5)................................................................. www.unioniporesults.com.hk........................... (6)................. (6)(7)............................................................ (1) (2) (3) (4) www.eipo.com.hk i

(1) (5) 3.903.901% 0.004%0.005% (6) 1,000,000 3318 1,000,000 1,000,000 (7) ii

................................................................... i......................................................................... 1......................................................................... 20..................................................................... 31..................................................................... 34................................................................... 48............................................. 49............................................. 53...................................................... 56..................................................................... 60..................................................................... 62..................................................................... 91.............................................................. 102................................................................ 131................................................................... 152......................................................................... 153............................................................ 211..................................................................... 216............................................................ 217......................................................................... 227.......................................................... 229..................................................................... 231...................................................... 280......................................................................... 282................................................................ 289........................................................ 296 iii

......................................................... I-1............................................... II-1............................................................ III-1............................................................ IV-1................................ V-1..................................................... VI-1........................................... VII-1 iv

37.2%61.5%1.3% 53.4%38.3%4.0%4.3% 3,980.5 25.7%1,066.5 1,686.3 694.1 1,405.442.3%EBITDA 140.2 261.836.7% 114.8214.7 36.8%917.5 OC&C 70% 10%70% 60%OC&C 29 1

18278 30324 350 1036 (i)(ii) (iii) 2

....................... 375,054 572,592 534,462................. 52.9% 49.6% 37.2%....................... 325,210 568,486 882,997................. 45.9% 49.3% 61.5%......................... 8,136 12,240 18,328................. 1.2% 1.1% 1.3%................................ 708,400 1,153,318 1,435,787.............................. (14,257) (26,388) (30,340).............................. 694,143 1,126,930 1,405,447 45.9%61.5% 375.1159.4534.5 42.5% 325.2557.8 883.0171.5% 8.110.2 18.3125.9% 50%75% 75%.............. 3

........................ 567,814 761,040 750,080................. 81.8% 67.5% 53.4%............................ 39,702 283,746 537,743................. 5.7% 25.2% 38.3%........................ 1,666 21,824 56,810................. 0.3% 1.9% 4.0%............................ 84,961 60,320 60,814................. 12.2% 5.4% 4.3%.......................... 694,143 1,126,930 1,405,447 5.7% 38.3% 567.8182.3 750.132.1% 39.7498.0 537.7 1.755.1 56.8 85.024.2 60.828.5% 15%18% 40%45%25%30% 4

36.313.2 2.1 30%4045% 60% 45.9% 61.5% 32.5%28.5% 331.2 540.6111.5414.1 5

.............................................. 375,054 572,592 534,462.............................................. 325,210 568,486 882,997................................................... 8,136 12,240 18,328....................................................... 708,400 1,153,318 1,435,787....................................................... (14,257) (26,388) (30,340)..................................................... 694,143 1,126,930 1,405,447.............................................. 68,524 100,657 109,017.............................................. 151,725 179,699 280,555................................................... 5,463 9,939 11,489..................................................... 225,712 290,295 401,061.............................................. 18.3% 17.6% 20.4%.............................................. 46.7% 31.6% 31.8%................................................... 67.1% 81.2% 62.7%................................................... 32.5% 25.8% 28.5%.............................................. 43,913 71,396 84,350.............................................. 89,946 85,640 167,675................................................... 4,063 8,680 10,714................................................. 137,922 165,716 262,739................................................. 2,497 11,108...................................... (7,317) (72,740) (20,230) (1)............................................... 133,102 92,976 253,617.............................................. 11.7% 12.5% 15.8%.............................................. 27.7% 15.1% 19.0%................................................... 49.9% 70.9% 58.5%.............................................. 19.2% 8.3% 18.0% (1) 6

68.2 67.0 64.3 42.7 11.5 9.6 161.9 79.4 54.6 39.4 37.0 31.4 17.8 15 19.3 2 12.9 7.9 7

............................ 694,143 1,126,930 1,405,447........................ (468,431) (836,635) (1,004,386)............................ 225,712 290,295 401,061........................ 5,337 2,437 16,420........... (97,463) (198,199) (163,761)........................ (484) (1,557) (103)........................ 133,102 92,976 253,617........................ 952 659 809........................ (3,416) (6,370) (7,985)......... 3,314 647 291........... 39..................... 133,991 87,912 246,732.......................... (19,219) 3,947 (32,060)........................ 114,772 91,859 214,672................. 113,190 91,286 214,672................. 1,582 573 114,772 91,859 214,672 EBITDA (1)................. 140,205 164,732 261,843 9

(1) EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA............................... 114,772 91,859 214,672.................. 19,219 (3,947) 32,060.................. (39).............. (3,314) (647) (291)............................. 3,416 6,370 7,985............................. (952) (659) (809).................. 2,283.............. 4,328 5,213 7,370.............. 44,791 9,886.................. 2,989 21,090 2,078.................. (2,497) 662 (11,108) EBITDA......................... 140,205 164,732 261,843 10

................... 45,094 47,739 26,223............................ 32,665 32,003 80,100............... 7,695 9,442 8,544................................ 230,664 230,664 230,664....................... 6,097 8,322 5,946............................ 570 555 540 322,785 328,725 352,017................... 387,604 596,419 679,579............. 109,618 247,427 411,394....... 87,897 165,196 213,313................................ 4,625 8,334 6,432................... 1,848 2,670 3,900.......................... 43,840 52,497 173,607................... 101,596 169,473 177,173 737,028 1,242,016 1,665,398................... 56,406 103,904 138,956............. 177,363 411,269 488,590............. 154,933 252,413 227,413............................ 65,201 100,000 170,150................... 173,625 9,125 4,567............................ 11,052 11,781 12,792 638,580 888,492 1,042,468....................... 98,448 353,524 622,930................... 421,233 682,249 974,947....................... 18,360 11,783 21,788 18,360 11,783 21,788............................ 402,873 670,466 953,159.......................... 205 205 216............................ 12,755 20,263 55,069............................ 221,024 391,695 673,771............................ 7,782....................... 7,419 15,236 16,889............................ 159,289 243,067 199,432 400,692 670,466 953,159....................... 2,181............................ 402,873 670,466 953,159 11

331.248.7%492.5 492.59.8% 540.6 109.6 247.4 247.4 411.4 230.7 1824................................ 531,722 320,652 312,011................................ 87,134 359,057 604,215..................................... 2,553 2,149 1,260......................................... 621,409 681,858 917,486 12

1824............................. 690,927 373,715 530,567............................. 365,594 841,843 1,137,933.................................. 9,936 12,146 17,847...................................... 1,066,457 1,227,704 1,686,347 41.2 0.027 1,550,296,334 13

(i) (ii) (iii) 2.5% 5.0%...................... (2.4) (4.8) 1.0% 2.5%...................... (2.5) (6.2) (i) (ii) 14

3.375 2.853.90 581.6 261.745% 203.635% 58.210% (i)(ii) (iii) (i)(ii)aid(iii)onu AID (iv) ETC(v) 58.110% 116.8 2.85 102.4479.3 15

3.90 102.4684.0 120.6 71,501,000 (i) 56.2(ii)15.3 50 Conyers Dill & Pearman Conyers Dill & Pearman (i)(ii)(iii) (iv) 16

(1) 2.85 3.90 (2).............................. 4,418.3 6,046.2 (3).................. 91.9 125.8 (4)......... 0.75 0.86 (1) (2) 1,550,296,334 (3) 2.853.90 (4) 1,550,296,3342.85 3.90 36,837,21931,837,219 5,000,000 2.38% 19

EBITDA Fairstar Success Holdings Limited 20%80% 90%10% Baring Private Equity Asia Group Investments Limited Baring Private Equity Asia Baytree Baytree Investments (Mauritius) Pte Ltd Temasek Holdings (Private) Limited 20

Baytree Baytree Baytree 11.0 Best Partners Best Partners Development Limited Tesco Investments Limited ( Carpathian Investments Limited) Fino Investments Limited ( Cunard Investments Limited) 17%83% Tesco Investment Limited Credit Suisse Trust Limited Tesco Trust Carpathian TrustFino Investment Limited Credit Suisse Trust Limited Fino Trust Cunard TrustBest Partners 21

Best PartnersJoy Bright 200,000,000 Well Score International Limited 51% 49% Best Partners Joy Bright 72.8194%27.1806% CMTF Private Equity OneTop Paragon Holdings Limited) CMTF Private Equity Two Segregated Portfolio Top Result Holdings Limited) CMTF SPC CMTF Private Equity One CMTF SPC CMTF Private Equity Two Segregated Portfolio 22

China Merchants Securities Investment Management (HK) Co., Ltd. China Merchants Securities Investment Management (HK) Co., Ltd China Merchants Securities Investment Management (HK) Co., Limited China Merchants Securities Holdings (HK) Co. Limited 59,798,423 22 3 32 BaytreeGE CapitalIntel CapitalGreater ChinaFuture Choice Best PartnersJoy BrightHuaxin Investments BaytreeGE CapitalIntel CapitalGreater China Future Choice Baytree/GE Capital/Intel Capital/Greater China/Future Choice Best PartnersHuaxin InvestmentsGouver Investments Limited Joy Bright Jianguo LimitedRockyjing Investment Limited Joy Bright Jingyang LimitedJoy BrightTesco Investments LimitedFino Investments LimitedBinks Investments Limited 16 23

Future Choice Future Choice Limited Future Choice GE Capital GE Capital Equity Investments Ltd. GE Capital Greater China Greater China PE Fund L.P. Mizuho Securities Principal Investment Co., Ltd. eipo China Toprise Limited 15%85% 24

Huaxin Investments Huaxin Investments Limited Joy Bright Kulun Limited Binks Investments Limtied Sinatra Investments Limited)Huaxin Investments IGC Asia IGC AsiaInvestor Investments Asia Limited Investor Group Asia L.P. Investor AB Wallenberg Intel Capital Intel Capital Corporation Intel Capital 176,318,78136,837,219 25

Best PartnersJoy Bright Rockyjing Investment Limited Joy Bright Jingyang LimitedHuaxin InvestmentsGouver Investments Limited Joy Bright Jianguo Limited Joy Bright Joy Bright Success Limited Gouver Investments Limited Joy Bright Jianguo Limited Rockyjing Investment Limited Joy Bright Jingyang Limited60.396%39.604%Gouver Investments Limited Rockyjing Investment Limited Binks Investments Limtied Sinatra Investments Limited)Binks Investment Limited Credit Suisse Trust Limited Binks Trust Sinatra TrustJoy Bright 26

ML GCRE ML GCRE IBK LLC Bank of America Corporation OC&C OC&C Strategy Consultants 3.90 2.85 35,526,00015% IGC AsiaBaytree GE CapitalIntel CapitalGreater ChinaFuture Choice 27

23,684,000 Huaxin Investments 144A Baytree/GE Capital/ Intel Capital/ Greater China/ Future Choice (i) 555.97 (ii) (i) 38 25% (ii)baytreege CapitalIntel CapitalGreater China Future Choice S S Best PartnersJoy Bright 18% 200,000,000 28

China Toprise Limited 75%25% 144A 144A 36,837,219 571 0.0002 Best PartnersJoy Bright 50% 35,526,000 29

2 10% eipo eipo www.eipo.com.hk eipo 51%49% 51%49% % 30

7918 7-9-18 18 AID ETC ERP 31

GSM-R 20,000 200 ONU ONU 32

(i)(ii)(iii) (iv) 694.1 1,126.91,405.4 34

32.5%25.8% 28.5% 18.3%17.6%20.4% 46.7%31.6%31.8% 67.1%81.2%62.7% 45.9% 61.5% 46.7% 31.6%31.8% 65.2170.2 51.0 35

12 245% 917.5 36

10 491720634796184 160.9322.1368.5 34.3%38.5%36.7% 109.8226.4259.9 23.4%27.1%25.9% 37

535464 38

1224 (i) (ii)(iii) 39

BaytreeGE CapitalIntel CapitalGreater China Future Choice BaytreeGE CapitalIntel CapitalGreater China Future Choice Baytree 11.5 Baytree 40

50%75%75% 4 41

25% (i)(ii) 14.3%(4.5)%13.0% 25% 25% 20% 10% 10% 10% 43

H5N1 H1N1A 44

H1N1 A H1N1 A 2.85 45.7% 45

10% 46

2.853.90 3.20 Baytree/GE Capital/Intel Capital/Greater China/Future Choice 3.19 Baytree/GE Capital/Intel Capital/Greater China/Future Choice 47

8.12 8.12 8.12 (i) 3.05 (ii) 3A.19 (iii) (a) (b)(c) (iv) (v) (i)1a27(ii) 342AI10(d) 49

1A27I10(d) 1A27 I10(d) 115109 20 (a) 2,000,000 I 10IA27 (b) (i) (ii) (iii) (iv) (c) (d) IA27I10 (a) 342A (a) 2,000,000 I10 50

(b) (i) (ii) (iii) (iv) (c) I10 (a) (d) 10.045(2) 10.0410.03(1)(2) 10.03(1) (2)8.08(1) 5(2)10.0310.04 Baytree Future Choice Baytree Future Choice 11.5 10.0 Future Choice Future Choice 5 Baytree/GE Capital/Intel Capital/Greater China/ Future Choice Baytree Future Choice Baytree/GE Capital/Intel Capital/Greater China/Future Choice (a) Baytree Future Choice Baytree Future Choice 51

(b) Baytree Future Choice (c) Baytree Future Choice (d) 8.08 10.045(2) 2.85 Baytree Future Choice Baytree Future Choice Baytree.......................... 10.2096% 11.3961% 11.1408% Future Choice......................... 0.9867% 1.7379% 1.6989% Baytree Baytree Future Choice BaytreeTemask Holdings (Private) Limited 52

Butterfield Fulcrum Group (Cayman) Limited 1,0001,0002 54

1.007.7626 55

. 1 81102 25 209 2 51 17 1 75070 368 304301302 56

2 King Edward Street London EC1A 1HQ United Kingdom 88 34 1 18 2 King Edward Street London EC1A 1HQ United Kingdom 88 34 1 18 3 15 88 34 1 18 2 King Edward Street London EC1A 1HQ United Kingdom 88 34 57

1 18 3 15 88 34 1 18 8 39 12 6 100022 Conyers Dill & Pearman 8 2901 15 42 8 20 100005 58

8 18 23 388 15 15 16 59

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 19 11 100020 +86-10-5933-0088 18 121 (FCCA, HKICPA) 1 81102 (FCCA, HKICPA) 5 B1309 (FCCA, HKICPA) 2 33 60

6A 22 1 Butterfield Fulcrum Group (Cayman) Limited Butterfield House 68 Fort Street P.O. Box 609 Grand Cayman KY1-1107 Cayman Islands 33 18 88 34 www.its.cn 61

OC&C 20OC&C OC&C OC&C OC&COC&C OC&C138,000 100,000300,000 1 9% 8.7% 2 3 180,000 4 1 2 3 4 (BBC) 62

18 10.7%8.0% 12,87025,110 =8.0% =10.7% 2,511 2,380 2,195 2,073 1,827 1,632 1,458 1,509 1,287 1,135 965 848 633 655 701 762 3,000 2,500 2,000 1,500 1,000 500 0 0 10,000 20,000 30,000 40,000 OC&C 18 46%60% 2,200 1265 1 5 53%13 7.7 3524% 5 2008 63

13.320% 6 0.6% 213.5 =9.3% CAGR =16.9% 28.7 794 781 774 754 747 734 728 721 15.3 16.1 15.9 17.7 18.5 20.2 22.3 486 499 516 546 563 576 594 607 40,00020,000 7918 55,000 85,000 120,000 16,000 60,000 72,000 40,000 20,000 6,8607,25010,720 14,830 6 64

22% 6,00032% 4,290 15% =22% 1,483 1,072 429 15% 358 725 686 600 573 281 416 425 315 337 310 344 301 197 208 197 307 153 174 144 262 162 67 79 69 72 110 88 93 113 127 128 146 19 26 30 34 51 85 115 147 12 32% 17% 37% OC&C 65,021 7 100,000 70% 24,00030,000 8 3.52 1.671.02 0.6880% 7 8 65

7918 18 50 55,00085,000 72,500 130,000 87,50079187918 =14.7% 301 315 281 208 196 144 153 OC&C 429 358 486 529 651 55% OC&C 19% 26% 4,2906,510791855% 26%19% 66

1,0091,989 =14.7% =47.8% 29.7 25.1 19.4 OC&C 60.3 65.0 53.9 45.3 41.0 34.3 7918 87.5 80.0 72.5 27 216 72 131 OC&C 1,009 810 589 425 315 1,292 1,616 1,989 7918 1. 2. 3. 4. 5. 6. 7. 1. 2. 3. 4. 5. 6. 7. 8. 9. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 67

9 40% 1 1 240.0 177.1 140.2 86.0 85.5 63.3 46.7 41.9 37.9 31.4 29.2 28.9 78.7 75.2 60.2 51.0 47.1 46.5 6.4 5.6 1) 1) 40,000 20,00012,500 34,000120,000 20,000 250 3,80016,0004,000 27,000 34,00022,000 1,940 9 68

3,3706,0007,000 OC&C7,500 8,000 1 397 2,008 600 700 750 800 =2.6% 70 72 73 74 75 77 78 80 86 =8.9% 92 101 111 337 67 79 69 72 110 174 197 1) OC&C OC&C 75% 3,800 15,000 4,5007,500 27,000 15,457 11,649 7,407 11,603 6,747 6,292 3,854 1,559 2,295 3,476 3,271 5,357 8,050 8,859 3,854 200-250 300-350 2009 2012 OC&C OC&C 69

26,000 55,000 70

1,250 540OC&C3,750 136,600 1 6,300 >26,000 1 1,796 55,000 5,235 3,369 2,800 1,047 1,547 1,480 1,470 1,250 1,000 911 706 444 375 369 337 300 221 212 201 137 OC&C OC&C 1) 1) OC&C 71

= 67% 38.7 24.5 12.5 5.0 6.6 46%60%OC&C 250 53% 24% 72

2,620 17% =16.9% CAGR =5.7% 87.7 93.0 112.7 126.9 128.0 145.7 161.7 262.3 176.0 191.4 208.1 223.0 232.2 241.4 246.2 259.7 OC&C 40,00060,0001,800 73

39% 8502,05019% =39% =19% =30% =23% 147 165 181 205 1,480 1,861 2,195 115 85 51 12 19 26 30 34 OC&C 1,012 765 835 621 449 400 444 160 200 OC&C 81 31,000100 11 21 74

7652,195 23% 3,440 142 200 228 276 358 440 251 253 330 400 450 500 71 79 72 130 164 198 10 10 10 28 28 72 116 113 150 222 222 278 73 87 87 87 108 108 19 19 19 19 57 100 39 32 40 47 47 47 22 22 25 146 178 178 22 22 22 84 84 84 28 40 40 40 16 16 69 87 21 27 19 19 765 837 1,012 1,480 1,861 2,195 75

A B C 1 2 3 4 OC&C 76

77 OC&C 7%10%1% 1.5%90%

405 20% 1,020 78

=24% =20% 102.2 69.8 83.1 14.5 92.4 18.0 20.9 21% 24% 13.3 22.5 6.1 12.1 18.3 15.7 11.0 14.4 15.3 4.7 14.0 7.9 11.2 4.6 4.8 3.0 3.0 8.8 12.8 16.1 19.1 21.5 23.6 26.6 2.3 4.4 5.3 6.3 5.5 5.8 1.8 2.2 2.9 3.5 3.8 1.8 2.9 3.8 4.4 5.1 7.7 OC&C 32.1 40.5 7.1 54.7 8.8 21.9 9.6 30.0 35.0 37.5 40.0 14.6 20% 18% 39% 21% 25% 16% 90% 10% 79

237121% 180209 24% =21% =24% 8.8 7.1 6.1 4.6 4.7 3.1 3.0 3.0 2.3 1.9 1.4 1.2 0.9 2.0 1.0 1.1 0.2 0.4 0.6 0.8 0.7 0.1 0.3 0.3 1.9 2.3 2.2 2.8 2.9 3.6 4.3 3.8 9.6 2.8 2.0 4.9 14.5 4.2 3.2 7.1 18.0 5.2 4.5 8.4 20.9 6.0 5.1 9.9 41.1% 39.3% 14.8% 25.4% 41.9% 17.9% OC&C 45,6007918 72,500130,000 1%1.5%1943 9917.9% 939.3% 5141.9% 7918 80

81 19 6025.4% 791855% 26%19% 30% 21% 1 2.1 3.4 4.6 2.0 3.7 5.5 1.7 3.2 4.8 5.7 14.9 30% 21% 27% 30% 10.3 7-10% 2~3% 1-1.5% OC&C 1) 1%1.5% 7%10% 2%3%

5%10% 3672 (ERP) 10% 10%75%70% 82

GSM-R 83

40,000 20,080 10 1%2%3%5%1% 11 1,166 12 375400 1 =20% CAGR= 19.2% 116.6 40.0 37.5 35.0 30.0 21.9 1,166 20.1 25.5 14.0 15.7 5.3 6.3 8.8 5.5 5.8 OC&C 1) OC&C 71.0 260 60 7580GSM-R 710 180 225240 2001.01.5 30010 200 300 10 11 12 OC&C 84

200 7080 3606% OC&C 3,270 1 108 3,270 63 27 23 22 20 18 13 13 12 8 OC&C 1) 12%18% 8,00010,000 85

6584 13 70% 70% GSM-R GSM-R GSM-R 13 1.009.346 86

ETC 50100 200 15% 87

110 402318 28 14625% =18% =25% 14.6 13.3 12.1 11.0 7.9 1.8 2.2 2.9 3.5 3.8 4.4 4.9 OC&C 50100 200 88

500,000200 40,00060,000 1 3 2 1,4702,050 89

90 13% 191 7638 266 16% 1.8 2.9 3.8 4.4 5.1 7.7 12.8 16.1 19.1 21.5 23.6 26.6 =39% =16% 20% 15% 13% 52% OC&C OC&C 1,012 16 18 70%

30% 91

15 50 50 93

29 (i)(ii) (i) (ii)(iii) (i) (ii)(iii) 60 63 63 94

17%3%14% 10% 95

100,000500,000 33% 30%3% (1) 24%(2)15%(3) 15%(4) 15% 5% 96

3% 15% 50%7.5% 25% (i)(ii) 17% 13% [2008] 55 15% 97

(1) (2) (3) (4) (5) 15% 25% 25% 10% 25% 5%Well Score International Limited 98

75 75 75 75 75 99

(i)(ii) 30 75 75 180 75 (i)75 Best Partners Joy Bright (ii)75(iii) (iv) 78 78 100

(i) (ii) (iii) 101

60% 10%10%10%10%8 80%20% 31%20% 50% 35% 14% 5.0 1,750,00035% 700,00014% 250,000200,0005%4% 35% 26%16%9%14% 10.0 50% 2.0 8% 50% 30% 102

1,750,000 35% 250,000 5%450,000 9% 40% 39%12% 49.5%30.5%20% 49.5%30.5%20% 40%39%12%9% 2 10%1.5 7.5% 37%55.5%5%2.5% 103

11,183,00020% 900,000 9% 20%68%12% 68% 12%42.5% 80% Fairstar Success Holdings Limited 80%Fairstar Success Holdings Limited 12% 80% Fairstar Success Holdings Limited Fairstar Success Holdings Limited 35.020% 75.5%17%5%2.5% 104

.......................... (1) (2) (3) (4) 17% 5% 2.5% 75.5% 100% (5) (1) 58.9%11.7%11.7%11.7%6.0% (2) (3) (4) 25.0%24.0%22.0%12.0%12.0% 5.0% (5) 20%80% 42.5%68.0%12.0% 80.0% 105

Best Partners Best Partners 1,000100,0000.01 Best Partners 18.875%18.120%16.610%10.013%9.060%9.060%5.000%3.775%1.989% 1.989%1.989%2.500%1.020%Credit Suisse Trust Limited Tesco Trust Fino Trust Best Partners Best PartnersHuaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited Joy Bright Joy Bright 50,000 50,0001.00 Huaxin Investments Gouver Investments Limited Joy Bright Jianguo Limited Rockyjing Investment Limited Joy Bright Jingyang Limited Joy Bright 49.5%30.5%20%Credit Suisse Trust Limited Binks Trust Huaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited Best PartnersHuaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited China Toprise Limited China Toprise Limited China Toprise Limited 1,000 100,0000.01 China Toprise Limited 18.875%18.120%16.610%10.013%9.060%9.060%5.000%3.775% 2.500%1.989%1.989%1.989% 1.020%Best Partners China Toprise Limited Best Partners China Toprise Limited China Toprise Limited 4,178,100 106

5%0.85% 3.775%0.25%0.125%60%40% China Toprise Limited 72,865,570 95% 4,178,1005% 5% 4,178,100 5% 1 5% 5% 15% 107

2038 China Toprise Limited 9.58.5 China Toprise Limited 75%25% 38.0 70.0 China Toprise Limited 24 8 China Toprise Limited 75%25% Fairstar Success Holdings Limited Fairstar Success Holdings Limited 50,00050,0001.00 Fairstar Success Holdings Limited 24,75015,25010,000 Fairstar Success Holdings Limited 36 80% Fairstar Success Holdings Limited Best Partners China Toprise Limited Best Partners China Toprise Limited China Toprise Limited Best Partners Joy Bright Fairstar Success Holdings Limited Joy Bright Fairstar Success Holdings Limited Fairstar Success Holdings Limited Joy Bright 50,00050,000 1.001.00 Best Partners 108

China Toprise Limited Fairstar Success Holdings Limited Best Partners Joy Bright China Toprise Limited Fairstar Success Holdings Limited Best Partners Joy Bright 28,74921,250 108,846,229.96 7,663 1.00 20,0000.00005 ML GCRE 105,417,276.72 71,281,17611,060,970.499,921,416 31,060,865.9321,654,024 China Toprise 3870 109

Best Partners (1) ML GCRE Joy Bright (2) 49.2915% 6.9610% 5.4584% 1.8563% 36.4328% 100% 100% 100% China Toprise Limited Fairstar Success Holdings Limited 75% 80% 20% 25% 51% 51% 90% 15% 85% 100% 100% 100% 90% 10% 100% (1) Best Partners 18.8750%18.1200% 16.610%10.0130%9.0600%9.0600%5.0000% 3.7750%2.5000%1.9890%1.0200%1.9890%1.9890% (2) Joy Bright Huaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited 49.5%30.5%20%Huaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited 110

380,000 3,800,0000.10Best Partners Best Partners Best Partners (1) ML GCRE Joy Bright (2) 49.2915% 6.9610% 5.4584% 1.8563% 36.4328% 100% 100% 100% China Toprise Limited Fairstar Success Holdings Limited 75% 80% 20% 25% 51% 51% 90% 15% 85% 100% 100% 100% 90% 10% 100% (1) Best Partners 18.8750%18.1200% 16.610%10.0130%9.0600%9.0600%5.0000% 3.7750%2.5000%1.9890%1.0200%1.9890%1.9890% (2) Joy Bright Huaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited 49.5%30.5%20%Huaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited China Toprise Limited Fairstar Success Holdings Limited 106.936.1 China Toprise Limited 100 Fairstar Success Holdings Limited 1 China Toprise Limited Fairstar Success Holdings Limited 143.0 0.10 5000.0002 380,0001,900,000,0000.0002 China Toprise Limited Fairstar Success Holdings Limited China Toprise Limited Fairstar Success Holdings Limited (1) 500(2) 1,166,530,554 111

China Toprise Limited Fairstar SuccessHoldings Limited Best Partners (1) ML GCRE Joy Bright (2) 49.2915% 6.9610% 5.4584% 1.8563% 36.4328% 100% 100% 100% China Toprise Limited Fairstar Success Holdings Limited 75% 80% 20% 25% 51% 51% 90% 15% 85% 100% 100% 100% 90% 10% 100% (1) Best Partners 18.8750%18.1200% 16.610%10.0130%9.0600%9.0600%5.0000% 3.7750%2.5000%1.9890%1.0200%1.9890%1.9890% (2) Joy Bright Huaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited 49.5%30.5%20%Huaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited ML GCRE ML GCRE 81,202,59263,674,43821,654,024 ML GCRE81,202,59263,674,43821,654,024 Best Partners Joy Bright ML GCRE ML GCRE Best Partners Joy Bright ML GCRE Best Partners Joy Bright 112

ML GCRE Best Partners (1) Joy Bright (2) 57.5000% 42.5000% ML GCRE 85.7243% 6.9610% 5.4584% 1.8563% 100% 100% China Toprise Limited Fairstar Success Holdings Limited 75% 80% 20% 25% 51% 51% 90% 15% 85% 100% 100% 100% 90% 10% 100% (1) Best Partners 18.8750%18.1200% 16.610%10.0130%9.0600%9.0600%5.0000% 3.7750%2.5000%1.9890%1.0200%1.9890%1.9890% (2) Joy Bright Huaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited 49.5%30.5%20%Huaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited Best PartnersHuaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited Best PartnersHuaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited Best PartnersHuaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited Credit Suisse Trust Limited Tesco Trust Best Partners Tesco Trust Carpathian Investments Limited Tesco Investments Limited) Tesco Trust Credit Suisse Trust Limited Tesco Trust Credit Suisse Trust Limited Fino Trust Best Partners Fino Trust Cunard Investments Limited Fino Investments Limited Fino Trust Credit Suisse Trust Limited Fino Trust 113

Credit Suisse Trust Limited Binks Trust Huaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited Binks Trust Sinatra Investments LimitedBinks Investments Limited Binks Trust Credit Suisse Trust Limited Binks Trust Best PartnersHuaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited Tesco Investments Limited (1) Fino Investments Limited (2) Binks Investments Limited (3) 17% 83% 100% Gouver Investments Limited Rockyjing Investment Limited Huaxin Investments 30.5% 20% 49.5% Best Partners 57.5% Joy Bright 42.5% ML GCRE 85.7243% 5.4584% 1.8563% 6.9610% 100% 100% China Toprise Limited 75% 25% 20% Fairstar Success Holdings Limited 80% 51% 51% 90% 15% 85% 100% 100% 100% 90% 10% 100% (4) (1) Credit Suisse Trust LimitedTesco Trust (2) Credit Suisse Trust Limited Fino Trust (3) Credit Suisse Trust LimitedBinks Trust (4) 10% 10% 200,000,000 ML GCRE 114

200,000,000 25,350,000 200,000,000 116,653,105 115 49.87%8.35% 10.07(1)(a) 8.6% 7.52% ML GCRE 81,202,592 15,450,000 115

Tesco Investments Limited (1) Fino Investments Limited (2) Binks Investments Limited (3) 17% 83% 100% Gouver Investments Limited Rockyjing Investment Limited Huaxin Investments 30.5% 20% 49.5% Best Partners 57.5% Joy Bright 42.5% (4) 92.6853% 5.4584% 1.8563% 100% 100% China Toprise Limited 75% 25% 20% Fairstar Success Holdings Limited 80% 51% 51% 90% 15% 85% 100% 100% 100% 100% 10% 100% (1) Credit Suisse Trust Limited Tesco Trust (2) Credit Suisse Trust Limited Fino Trust (3) Credit Suisse Trust Limited Binks Trust (4) 8.6391% CMTF Private Equity One CMTF SPC CMTF Private Equity Two Segregated Portfolio 59,798,423 120.2 IGC Asia Investor AB 31,837,2199.6 IGC Asia 31,837,2199.2 116

Tesco Investments Limited (1) Fino Investments Limited (2) Binks Investments Limited (3) 17% 83% 100% Gouver Investments Limited Rockyjing Investment Limited Huaxin Investments 30.5% 20% 49.5% Best Partners 57.5% Joy Bright 42.5% (4) IGC Asia 88.1658% 2.5961% 1.7658% 4.8762% 2.5961% 100% 100% 100% China Toprise Limited Fairstar Success Holdings Limited Winitop Investments Limited 75% 25% 20% 80% 100% Well Score International Limited 51% 51% 90% 15% 85% 100% 100% 100% 100% 51% 10% 100% 100% (1) Credit Suisse Trust LimitedTesco Trust (2) Credit Suisse Trust Limited Fino Trust (3) Credit Suisse Trust LimitedBinks Trust (4) 8.6391% Joy Bright Joy Bright Huaxin Investments Joy Bright14,9489,802 Joy Bright Gouver Investments Limited Rockyjing Investment 117

Limited Joy Bright Huaxin Investments 245,408,971Huaxin Investments 178,705,28266,703,689Best PartnersJoy Bright Huaxin Investments 227,457,995 Huaxin Investments Huaxin Investments Huaxin Investments Huaxin Investments Huaxin Investments Tesco Investments Limited (1) Fino Investments Limited (2) Binks Investments Limited (3) 17% 83% 100% Gouver Investments Limited Rockyjing Investment Limited 60.3960% 39.6040% Best Partners 72.8194% Joy Bright 27.1806% (6) IGC Asia 69.6179% 2.5961% 1.7658% 4.8762% 2.5961% Huaxin Investments 18.5479% 100% 100% 100% China Toprise Limited 75% 25% 20% Fairstar Success Holdings Limited 80% Winitop Investments Limited 100% Well Score International Limited 51% 51% 90% 15% 85% 100% 100% 100% 100% (4) (5) 10% 51% 100% 100% (1) Credit Suisse Trust LimitedTesco Trust (2) Credit Suisse Trust Limited Fino Trust (3) Credit Suisse Trust LimitedBinks Trust (4) 49% 10% (5) 49% (10% ( (6) 8.6391% 118

BaytreeGE CapitalIntel CapitalGreater ChinaFuture Choice(a)(b)Baytree Baytree (c)baytree Future Choice Baytree Temasek Holdings (Private) Limited GE Capital Intel Capital Greater China Mizuho Securities Principal Investment Co., Ltd. Mizuho Securities Co., Ltd. Future Choice NWS Holdings Limited NWS Holdings Limited BaytreeGE CapitalIntel CapitalGreater ChinaFuture Choice 123,964,07646.0357,079,600 Greater China 6,661,8382.5 Baytree 11.0 11.5 11.5 Future Choice 10.0 BaytreeGE CapitalIntel CapitalGreater ChinaFuture Choice 119

Tesco Investments Limited (1) Fino Investments Limited (2) 17% 83% Binks Investments Limited (3) 100% Gouver Investments Limited 60.3960% Rockyjing Investment Limited 39.6040% Best Partners 72.8194% Joy Bright 27.1806% (10) (4) 63.2266% 2.3578% 1.1103% 4.4286% (5) IGC Asia (6) Baytree (7) GE Capital Intel Capital Greater (8) China Future (9) Choice Huaxin Investments 2.3578% 5.0323% 1.6814% 0.9867% 0.9867% 0.9867% 16.8451% 100% 100% 100% China Toprise Limited Fairstar Success Holdings Limited Winitop Investments Limited 75% 80% 100% 25% 20% Well Score International Limited 100% 51% 51% 90% 15% 85% 100% 100% 100% 100% 51% 10% 100% 100% (1) Credit Suisse Trust LimitedTesco Trust (2) Credit Suisse Trust Limited Fino Trust (3) Credit Suisse Trust LimitedBinks Trust (4) (5) China Merchants Securities Investment Ltd. (6) Investor Investments Asia LimitedInvestor Group Asia L.P.Investor ABInvestor Growth Capital Asia (7) Temasek Holdings (Private) Limited (8) Mizuho Securities Principal Investment Co., Ltd.Mizuho Securities Co., Ltd. (9) NWS Holdings Limited (10) 8.6391% (i) 2.85(ii)(x) Baytree (y) (z)baytreefuture Choice(x) Baytree 120

Baytree Baytree Baytree Tesco Investments Limited (1) Fino Investments Limited (2) 17% 83% Binks Investments Limited (3) 100% Gouver Investments Limited 60.3960% Rockyjing Investment Limited 39.6040% Best Partners 72.8194% Joy Bright 27.1806% (13) GE (6)(12) (12) (7)(12) IGC Asia(8)(12) Baytree (9)(12) Capital (12) Intel Capital (12) Greater China (10)(12) Future Choice (11)(12) Huaxin Investments (30) 45.7173% 4.3599% 0.6445% 3.8572% 2.0536% 11.3961% 1.4645% 0.8594% 0.8594% 1.7379% 14.6719% 12.3782% 100% China Toprise Limited (14) 100% Fairstar Success Holdings Limited (15) 100% Winitop Investments Limited (16) 75% 80% 20% (17) (18) 25% 100% Well Score International Limited (19) 100% 51% 51% 90% 15% 85% 100% 100% 100% 100% (29) (4) (5 ) (20) (21) (22) 10% 100% (23) 100% (24) (25) 51% (26) (27) (28) (1) Credit Suisse Trust Limited Tesco Trust (2) Credit Suisse Trust Limited Fino Trust (3) Credit Suisse Trust Limited Binks Trust (4) 49% 10% (5) 49% 10% ( (6) (7) China Merchants Securities Investment Ltd. 121

(8) Investor Investments Asia LimitedInvestor Group Asia L.P. Investor ABInvestor Growth Capital Asia (9) Temasek Holdings (Private) Limited (10) Mizuho Securities Principal Investment Co., Ltd. Mizuho Securities Co., Ltd. (11) NWS Holdings Limited (12) IGC AsiaBaytreeGE CapitalIntel CapitalGreater China Future Choice10% IGC AsiaBaytreeGE CapitalIntel CapitalGreater ChinaFuture Choice (13) (14) China Toprise Limited (15) Fairstar Success Holdings Limited (16) Winitop Investments Limited (17) (18) (19) Well Score International Limited (20) (21) (22) (23) (24) (25) (26) (27) (28) 49% (29) (30) Baytree Future Choice IGC AsiaGE CapitalIntel CapitalGreater ChinaFuture Choice 122

60%10% 10%10%10% 80%20% 20%80% 5%12% 12%22%24%25% 58.9%11.7% 11.7%11.7%6% 80% 20% 50% 50% 123

5%12% 12%22%24%25% 55.5% 58.9%11.7% 11.7%11.7%6% 37% 5% 2.5% 5%12% 12%22%24%25% 75.5% 58.9%11.7% 11.7%11.7%6% 17% 5% 2.5% 124

5%12% 12%22%24%25% 58.9%11.7% 11.7%11.7%6% 71.725% 16.15% 4.75% 2.375% 60%40% 5% China Toprise Limited 95% 60%40% 5% China Toprise Limited 75% 25% 31% 20% 35% 50% 14% 125

60%10% 10%10%10% 35% 26% 16% 9% 14% 40% 25% 16% 9% 10% 40% 49.5%30.5%20% 39% 49.5%30.5%20% 12% 9% 20% 49.5%30.5%20% 68% 49.5%30.5%20% 12% 126

20% 49.5%30.5%20% 80% (1) Fairstar Success Holdings 80% Limited 20% 51% 44%22%33%0.5% 0.5% 49% 51% 3% 45%15%20% 15%5% 46% (1) 127

51% 49% 51% 49% 90% 10% 90% 10% China Toprise Limited 85% 15% China Toprise Limited 85% 15% 128

51% 6.6% 6.6% 6.6% 6.6% 4.7% 4.7% 4.7% 2.5% 2% 2% 2% 80% (1) 49.5%30.5%20% 20% 80% (1) 49.5%30.5%20% 20% 100% 100% (1) 80.0% 129

100% 64% 8.6% 9% 10% 8.4% 51% 30.6% 10% 8.4% 51% 39% 10% 90% 10% 100% 100% Well Score International 51% Limited 49% 100% 130

ML GCREIGC Asia BaytreeGE CapitalIntel CapitalGreater China Future Choice Baytree Baytree (1)......... (2) 108,846,230 0.81 (3) 76.0% ML GCRE (4)................ 9,921,416 11,060,970 1.12 66.8%...................... 21,654,024 31,060,866 1.43 57.6%......... (6) 226,440,000 Baytree.................... 85,388,600 (1) (2) 134,955,614 71,281,176 ML GCRE63,674,438 31,837,219 (3) 51.463,674,438 63,674,43847.2% 63,674,43847.2% (4) ML GCRE 105,417,27771,281,176 (5) Baytree 57,076,886 Baytree 54,790,023 (6) 107,000,000 31,000,000 31,000,000 ML GCRE 150,968,066.38 311,828,600120.0 ML GCRC 131

(1).................. 59,798,423 136,392,075 2.28 32.4% IGC Asia (3)................. 31,837,219 74,402,880 2.33 31.0% Baytree.................... 67,950,747 197,946,300 2.91 13.8% GE Capital................. 22,704,139 62,100,800 2.74 18.8% Intel Capital................ 13,323,676 38,813,000 2.91 13.8% Greater China (4)............. 6,661,838 19,406,500 2.91 13.8% Greater China............... 6,661,838 19,406,500 2.91 13.8% Future Choice............... 13,323,676 38,813,000 2.91 13.8% (1) (2) CMTF Private Equity One Top Paragon Holdings Limited) CMTF SPC CMTF Private Equity Two Segregated Portfolio Top Result Holdings Limited) 136,392,07559,798,423 (3) IGC Asia Investor AB 74,402,880 31,837,219 (4) Greater China 19,406,5006,661,838 493.5 21.7% 132

(1) (2)................... 31,837,219 2.3578% 4.3599%................................ 14,992,186 1.1103% 0.6445% (3).......................... 59,798,423 4.4285% 3.8572% IGC Asia............................ 31,837,219 2.3578% 2.0536% Baytree.............................. 67,950,747 5.0323% 11.3961% GE Capital........................... 22,704,139 1.6814% 1.4645% Intel Capital.......................... 13,323,676 0.9867% 0.8594% Greater China......................... 13,323,676 0.9867% 0.8594% Future Choice......................... 13,323,676 0.9867% 1.7379%................................ 269,090,961 19.9283% 27.2326% (1) ML GCRE (2) (i)2.85(ii)(x)baytree (y) (z)baytree Future Choice (x) Baytree Baytree Baytree Baytree (3) Top Paragon Holdings Limited Top Result Holdings Limited 0939 600939 108,846,230 133

134,955,614 62.80.80713.2 3.37576.1% 11.8908% 105,417,277 ML GCRE 71,281,176 63,674,438 5.4584% 63,674,438 Best Partners Joy Bright 63,674,438 Best Partners Joy Bright 200,000,000 107,000,000 31,000,000 31,000,000 9.2 31,837,219 31,837,219 2.5961% 200,000,000 25,350,000 200,000,000(i) (ii) 2.3578% 200,000,000 31,837,219 Baring Private Equity Asia 31,060,866 21,654,0241.43 1.4362.825.3 3.37576.1% 1.8563% 134

21,654,024 Best Partners Joy Bright 21,654,024 Best Partners Joy Bright 2.56,661,838 Greater China 5,000,000 CMTF Private Equity One Top Paragon Holdings Limited CMTF Private Equity Two Segregated Portfolio Top Result Holdings Limited CMTF SPCCMTF Private Equity One CMTF Private Equity Two Segregated Portfolio CMTF SPC China Merchants Securities Investment Management (HK) Co., Ltd. China Merchants Securities Investment Management (HK) Co., Ltd China Merchants Securities Investment Management (HK) Co., Limited China Merchants Securities Holdings (HK) Co., Limited CMTF Private Equity One CMTF Private Equity Two Segregated Portfolio CMTF SPC CMTF Private Equity One CMTF Private Equity Two Segregated Portfolio CMTF SPC 120,201,000 59,798,4232.01 2.0191.9 26.13.37532.4% 4.8762% 59,798,423 (a)(b) (b) 9% 365 135

1/16% LIBOLIBO 434.6591.2 1,295,633498,320 IGC ASIA IGC Asia Investor Investments Asia Limited Investor Group Asia L.P. Investor Growth Capital Asia Investor Growth Capital Asia Investor AB Investor AB Wallenberg 100 Investor AB Investor AB ABBAtlas Copco HusqvarnaSaabSEB 3 ScandinaviaBiovitrumCaridianBCTGambroGrand HôtelKunskapsskolan LindorffMölnlycke Health Care Novare GroupInvestor AB Investor Growth Capital EQT fundsinvestor AB IGC Asia IGC Asia 9.6 31,837,219 0.30 IGC Asia 0.3091.927.4 3.37531.0%IGC Asia 2.5961% BAYTREE Baytree Baytree Baytree 136

Baytree BaytreeGE CapitalIntel CapitalGreater China Future Choice GE CAPITAL GE Capital GEGE Capital GE CapitalGE Capital BaytreeGE CapitalIntel CapitalGreater China Future Choice INTEL CAPITAL Intel Capital INTC Intel Capital Intel Capital Intel Capital BaytreeGE CapitalIntel CapitalGreater China Future Choice GREATER CHINA Greater China Mizuho Securities Principal Investment Co., Ltd. Greater China Greater China Greater China Greater China Greater China BaytreeGE CapitalIntel CapitalGreater China Future Choice FUTURE CHOICE Future Choice 0659 0017 Future Choice Future Choice BaytreeGE CapitalIntel CapitalGreater China Future Choice 137

BAYTREEGE CAPITALINTEL CAPITALGREATER CHINA FUTURE CHOICE (a)baytree GE CapitalIntel CapitalGreater ChinaFuture Choice (b) Baytree(c) BaytreeFuture Choice BaytreeGE CapitalIntel CapitalGreater China Future Choice 46.0 357,079,600123,964,0760.37 0.37 214.715.93.375 14.7% Greater China 2.56,661,8380.38 Greater China 0.38 214.716.13.375 13.8% BaytreeGE CapitalIntel CapitalGreater China Future Choice 5.0323%1.6814%0.9867%0.9867%0.9867% Baytree 11.0 Baytree Baytree 11.5 BaytreeFuture Choice Baytree Future Choice 11.510.0 Future Choice Baytree Future Choice (a)baytree Baytree (x) Baytree 11.5 (y) (b) Future Choice Future Choice Baytree Future Choice 10.07 Baytree Future Choice 138

Baytree Future Choice 2.85 Baytree Future Choice Baytree Future Choice Baytree.......................... 10.2096% 11.3961% 11.1408% Future Choice......................... 0.9867% 1.7379% 1.6989% Baytree Baytree Future Choice Huaxin Investments BaytreeGE CapitalIntel CapitalGreater China Future Choice Baytree Baytree (a)(b) Huaxin InvestmentsGE CapitalGE Transportation Systems (China) Co., Ltd. (c) Baytree/GE Capital/Intel Capital/Greater China/Future Choice GE Capital(i) GE Capital 30%GE Capital(ii) GE Capital Baytree(a) Baytree Baytree Baytree(b) Baytree (c) Baytree Baytree (d)baytreebaytree 139

BaytreeBaytreeBaytree 25%(e)BaytreeBaytree 9%Baytree(f)Baytree BaytreeBaytree(i) Baytree(ii)Baytree BaytreeGE CapitalIntel CapitalGreater China (i)9% (ii) Future Choice Future Choice 14% BaytreeGE CapitalIntel CapitalGreater China Future Choice Baytree/GE Capital/Intel Capital/Greater China Future Choice Baytree/GE Capital/Intel Capital/Greater China Future Choice (i) BaytreeGE CapitalIntel CapitalGreater China Future Choice Baytree/GE Capital/Intel Capital/Greater China Future Choice (ii) Baytree Baytree (iii) BaytreeGE CapitalIntel Capital Greater China Future Choice (iv) Temasek Holdings (Private) Limited (v) Huaxin Investments Baytree GE CapitalIntel Capital Huaxin Investments BaytreeGE CapitalIntel Capital BaytreeGE CapitalIntel CapitalGreater China Huaxin Investments Baytree/GE Capital/Intel Capital/Greater China Future Choice BaytreeGE CapitalIntel CapitalGreater China 140

200,000,000 107,000,00031,000,00031,000,000 31,000,000 349,959,317 25.9% 8.8% (i) (x) 85%(y) 85% 60 60(i) (ii) 141

(iii) (iv) (iv) 365 365365 60 107,000,000 84.5%) 8.8% 15.5%) 18% 142

(60) 5031.0 (1) (2) Baytree Baytree Baytree Baytree Baytree Baytree 11.0Baytree Baytree Baytree Baytree/GE Capital/Intel Capital/Greater China/Future Choice 143

Baytree Baytree 14% Baytree Baytree/GE Capital/Intel Capital/ Greater China/Future Choice Baytree/GE Capital/Intel Capital/Greater China/Future Choice Baytree (i)(ii) Baytree/GE Capital/Intel Capital/Greater China/Future Choice Baytree/GE Capital/Intel Capital/Greater China/Future Choice Baytree/GE Capital/Intel Capital/Greater China/Future Choice Baytree Baytree 48.0 Baytree/GE Capital/Intel Capital/Greater China/Future Choice 74% Baytree Baytree Baytree Baytree Baytree (i)623.261(ii) Baytree/GE Capital/Intel Capital/Greater China/Future Choice 144

12.1576.8271.00 Baytree/GE Capital/Intel Capital/Greater China/Future Choice Baytree Baytree Baytree 7.70% Baytree Baytree Baytree Baytree 25% Baytree/GE Capital/Intel Capital/Greater China/ Future Choice (a) (b)(c) 240 324 Baytree Baytree/GE Capital/Intel Capital/Greater China/Future Choice Baytree 145

100,000 300,000 100,000300,000 30 Baytree 1,000,000 3,000,000 (i) (ii) Baytree Baytree 2.852.11Baytree 214.713.4 2.8526.0% 5.0% 146

Baytree 11.510.5% Huaxin Investments Baytree (i)(ii) Baytree (iii) Baytree Baytree 15 Baytree 14% IGC ASIABAYTREEGE CAPITAL INTEL CAPITALGREATER CHINA FUTURE CHOICE IGC Asia BaytreeGE CapitalIntel CapitalGreater China Future Choice (i) (ii)(iii)(iv) (v)(vi) (vii) (a) (b)a1 (c) (d) Best PartnersJoy BrightRockyjing Investment Limited Huaxin InvestmentsGouver Investments Limited 147

(i)(ii) Baytree Future Choice Huaxin Investments (i) (ii) Baytree (iii) Baytree Baytree Huaxin Investments 148

4.9% (7) BaytreeGE CaptitalIntel Capital Future Choice 4.9% (i) Baytree TemasekTemasek Holdings GEGeneral ElectricIntelNew WorldNWS (ii) Baytree Baytree (iii) 149

(iv) (i) (ii)(iii)(iv) Baytree (a) (i) Baytree/GE Capital/Intel Capital/Greater China/Future Choice (ii) BaytreeGE CapitalIntel CapitalGreater China Future Choice (b) Baytree GE CapitalIntel CapitalGreater China Future Choice Huaxin Investments 50% (i) Baytree/GE Capital/Intel Capital/Greater China/Future Choice (ii) Baytree Baytree 150

(iii) (iv) Temasek Holdings (Private) Limited (v) (iii)(iv)(v) Baytree/GE Capital/Intel Capital/Greater China/Future Choice Baytree Baytree Baytree Baytree Baytree Baytree Baytree/GE Capital/Intel Capital/Greater China/Future Choice 38 555.972.85 3.90 Baytree/GE Capital/Intel Capital/Greater China/Future Choice 3.20 2.853.19 2.853.90 2.853.19 3.20 151

Baytree Future Choice Baytree Future Choice Baytree Future Choice 16.5128.1 2.85 44,941,368 2.9%19.0% Baytree 11.5 2.85Baytree 31,322,772(i) 2.0%(ii)13.2% Future Choice 5.0 2.85Future Choice 13,618,596(i) 0.9%(ii)5.8% Baytree Future Choice 152

OC&C 70% 10%70% 60%OC&C 29 3,980.5 25.7%1,066.5 1,686.3 694.1 1,405.442.3%EBITDA 140.2 261.836.7% 114.8214.7 36.8%917.5 18 278 30324 153

350 1036 (i)(ii) (iii)....................... 375,054 572,592 534,462................. 52.9% 49.6% 37.2%....................... 325,210 568,486 882,997................. 45.9% 49.3% 61.5%......................... 8,136 12,240 18,328................. 1.2% 1.1% 1.3%................................ 708,400 1,153,318 1,435,787.............................. (14,257) (26,388) (30,340).............................. 694,143 1,126,930 1,405,447 45.9%61.5% 375.1159.4534.5 42.5% 325.2557.8 883.0171.5% 8.110.2 18.3125.9% 154

50%75% 75%.......................................... 567,814 761,040 750,080................... 81.8% 67.5% 53.4%................................ 39,702 283,746 537,743................... 5.7% 25.2% 38.3%............................ 1,666 21,824 56,810................... 0.3% 1.9% 4.0%................................ 84,961 60,320 60,814................... 12.2% 5.4% 4.3%.............................. 694,143 1,126,930 1,405,447 5.7% 38.3% 567.8182.3 750.132.1% 39.7498.0 537.7 1.755.1 56.8 85.024.2 60.828.5% 155

68.2 67.0 64.3 42.7 11.5 9.6 161.9 79.4 54.6 39.4 37.0 31.4 17.8 15 19.3 2 12.9 7.9 157

OC&C 70%70%80% 10% 70%60% 3,980.525.7% 1,066.5 1,686.3917.5 70% 158

OC&C OC&C 22% OC&C 83026% OC&C 159

160 81% 61% 70% 4444 1022 12 63 10

17 16 13 12 (FCCA)(HKICPA) 10 16 14 12 32.8960% 161

(i) (ii)(iii) AID ONU AIDONU (i) (ii) ERP 162

ERP 61% 53.4% 163

OC&C 60%70% 38.3% 4.0% 4.3% 164

37.2%61.5% 1.3%27.2%69.9%2.9% 221301,482.1 25 165

23 OC&C 61% OC&C 81% 166

69.0 18 288 84.0 121 16.8 90.5 20 167

69.9 40 61.8 541 168

7.9 GIS 16.0 GIS 15.9 169

311,4001,776.7 170

3501036 (IC) 171

24.0 160 IC 7.9 68.1 18.9 IC AID 180 ONU ONU AID 172

3.9 285.8 AID 128 4.3 369.3 AID 7.8 14 3,853ONU ONU11 24 173

11.1 144 13.2 284.7 515 9 10.9 2,397 GSM-R GSM-R OC&C 174

10.7 117 350 7030 37.2 61.5 282.4 250 GSM-R 175

69.0 298.4 GSM-R 207.7 989 350 380 48.0 276 200 GSM-R 176

19.4 356 11.9 27 117 GSM-R 79.4 998 2,397 GSM-R 161.9 944 355159 GSM-R 177

10 2.8 5.5 AID 2.7 2.2 178

4.1 10 20.6 1036 29 1 12.4 122 18 179

4.8 330 5.2 330 15.5 180

21 181

0.4 0.4 2.9 24 182

PMIPMI PMI 183

PMI PMI 1224 184

185

186

1224 10%30% 65%85%95% 5% 187

10%15% 70% 15%95% 12245% 188

1224 1224 10%30% 50%65% 95% 1224 5% 189

GB/T19001-2000 0.5%3%3090 10% 10%100% 1%10% (i) (ii) (iii) 10% 10% 80% 10%100%1%10% 190

0.5%3% 1%10% 10% 1%10% 70% 15% (1) 1224 5% (1) 74.7 30% 090 191

500,000 500,000 30% 5% 2%4.3 98% 75 13% 12 15 (i) (ii) 192

34.3%38.5%36.7% 23.4%27.1%25.9% 5% 35.3%34.9%40.3% 11.0%11.9%13.4% 5% 193

50%75%75% (i)(ii) (iii) 194

OC&C ABB OC&C OC&C 195

(i) (ii) (iii) OC&C 196

34% (1) (2) # 95% 5.5% 7.4% 6.7% 36.7% 50% 52% 29 22 10 10 20 13 8 784 680-720 700-740 450-480 500-520 390-420 300-320 (3) 8.2% 7.3% 7.5% 4.8% 5.3% 4.2% 3.2% (1) 300 (2) (3) OC&C OC&C70%25% 5% OC&C AIDONU70%80%AID ONU OC&C 197

10% 7918 OC&C 61% (1) (2) % 383 61% 53 8% 24 4% (3) 170 27% 630 100% (1) (2) (3) 4% OC&C 198

199 12% 15% OC&C ABB OC&C

70% 60% 200300 300 IT ABB 80% ABB 70% 30%40%20%25% 200

7% 15% OC&C 20%55% 201

50% 54 (1) (1) OC&C 55% 10% 15%34% 202

203 44 * OEM* ONU AID OEM*

OEM ONUAID ONU AID ONU AID ETC 7.011.07.4 (i) (ii) (iii)(iv) 300,000 300,000 200,000 UFIDA 204

63 10 34ONUAID 16 50 Committee of Sponsoring Organizations of the Treadway Commission 205

ISO9001:2000ISO14001:2004 GB/T2800-2001 ISO9001:2000ISO14001:2004 GB/ T2800-2001 ISO9001:2000 ISO90012000 GB/T19001-2000 ISO9001:2000 (1) GB/T24001-2004 ISO14001:2004 (2) GB/T28001-2001 (3) GB/T19001-2000 ISO9001:2000 GB/T19001-2000 ISO9001:2000 (1) GB/T19001-2000ISO9001:2000 (2) GB/T24001-2004ISO14001:2004 (3) GB/T28001-2001 ISO9001:2000 206

ISO14001:2004 GB/T2800-2001 2213 422 207

56273.0%........................................ 21 3.7%................................. 76 13.5%................................... 153 27.2%................................... 221 39.4%............................................ 44 7.8%........................................ 47 8.4%............................................ 562 100.0% 2% 4,768.82 16 9,230.83 3,113.432 1,298.82 6 208

16 209

210

60.4%Best PartnersJoy BrightHuaxin Investments Best PartnersHuaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited Joy Bright Best Partners Best Partners Joy Bright Joy Bright Best Partners Joy BrightBest PartnersJoy Bright Best Partners Best Partners Joy Bright Best Partners Joy Bright Best Partners13 18.875% 18.120%16.610%10.013%9.060%9.060%5.000%3.775%1.989%1.989%1.989% 2.500%1.020% Best Partners Best Partners Best Partners Best Partners Best Partners Best Partners Best Partners Best Partners Joy BrightHuaxin Investments Huaxin InvestmentsHuaxin Investments Best Partners Huaxin Investments Huaxin Investments Best Partners Best Partners Joy Bright Joy Bright Best Partners 13 Best Partners Best Partners 211

Best Partners Best Partners Joy Bright Best Partners Huaxin Investments Best PartnersHuaxin InvestmentsGouver Investments LimitedRockyjing Investment Limited (1)(2) Best Partners Best Partners Joy Bright Best Partners 13Joy Bright Huaxin Investments 16 60.4% 16 (a)(b)..................................... 63.2266% Huaxin Investments (1)............................................. 16.8451%............................................. 2.3578%.......................................................... 1.1103%...................................................... 4.4286% IGC Asia...................................................... 2.3578% Baytree........................................................ 5.0323% GE Capital..................................................... 1.6814% Intel Capital.................................................... 0.9867% Greater China................................................... 0.9867% Future Choice................................................... 0.9867% 212

Best Partners (2).................................................. 72.8194% Joy Bright (3).................................................... 27.1806% (1) Huaxin InvestmentsBinks Trust Best PartnersHuaxin InvestmentsGouver Investments LimitedRockyjing Investment Limited (2) Tesco Trust Fino TrustTesco TrustCredit Suisse Trust Limited Fino TrustCredit Suisse Trust Limited Best Partners Huaxin InvestmentsGouver Investments LimitedRockyjing Investment Limited (3) Binks TrustCredit Suisse Trust Limited Best PartnersHuaxin InvestmentsGouver Investments LimitedRockyjing Investment Limited BEST PARTNERSHUAXIN INVESTMENTSGOUVER INVESTMENTS LIMITEDROCKYJING INVESTMENT LIMITED JOY BRIGHT Best Partners Joy Bright Best Partners Best Partners 18.875%18.120% 16.610%10.013%9.060%9.060%5.000%3.775%1.989%1.989%1.989%2.500% 1.020% Joy Bright Joy Bright Huaxin InvestmentsGouver Investments LimitedJoy Bright Jianguo LimitedRockyjing Investment LimitedJoy Bright Jingyang Limited49.5% 30.5%20% Huaxin InvestmentsGouver Investments LimitedRockyjing Investment Limited Binks Investments LimitedBinks Investments LimitedBinks TrustBinks Trust Huaxin InvestmentsJoy BrightJoy Bright 213

(1)............................. (2)...... (3)................. (4)............... (5)............ (1) 25%24%22%12%12%5% (2) 70%17.9231%7.4615%3.0769%1.5385% (3) 60%14.5%8.4%7.2%3.9%6% (4) 58.9%11.7%11.7%11.7%6.0% (5) 49.5%30.5%20% Best Partners Joy BrightHuaxin InvestmentsGouver Investments LimitedRockyjing Investment Limited 16 214

Best PartnersJoy BrightTesco Investments LimitedFino Investments Limited Huaxin InvestmentsGouver Investments LimitedJoy Bright Jianguo LimitedRockyjing Investment LimitedJoy Bright Jingyang LimitedBinks Investments Limited (a) (12)(b) (30%(12) (c) 215

(i) (ii)(iii) 7-2-30390.14 14A 4,00012,000 12,000 0.1%14A.33(3) 12145147.60 36,000 49% 14A 36,000 0.1%14A.33(3) 216

42 51 38 39 44 39 36 42 600428 Best Partners XV 13.51(2) 51 217

Best Partners XV 13.51(2) 38 Joy Bright XV 13.51(2) 39 218

XV 13.51(2) 44 601006) 000703) 8178) CHIO)China INSOnine Corp. 219

XV 13.51(2) 39 NetEase.com, Inc. NTES) NetEase.com, Inc. XV 13.51(2) 36 000839 220

XV 13.51(2) 42 51 39 38 34 37 38 35 51 43 34 0712) CDC Corporation CHINA8006 221

FCCAHKICPA XV 37 1800 Project Management Institute 1 Best Partners XV 38 1 Project Management Institute George Institute of Technology Newtown Square 171260,000 222

Joy Bright XV 35 XV 51 Best Partners 223

XV 43 0596) 0992) XV 8.17 (FCCA)(HKICPA) 10 224

3.61.43.8 2.48.53.7 1.75.83.3 225

2.5 12 90 3A.19 13.46 226

1,900,000,000................................................ 380,000.00 1,350,293,553......................... 270,058.71 200,002,781............................... 40,000.55 35,526,000.......................... 7,105.20 1,550,296,334................................................ 310,059.26 1,585,822,334................................................ 317,164.46 310,059,266 20% 227

10% 228

2.85 XV23 (1)...... 708,753,383 45.72% Joy Bright (2)....................... 708,753,383 45.72% Gouver Investments Limited (2)(4)....... 708,753,383 45.72% Rockyjing Investment Limited (2)(4)...... 708,753,383 45.72% Best Partners (3)..................... 708,753,383 45.72% Fino Investments Limited (5)........... 708,753,383 45.72% Tesco Investments Limited (6).......... 708,753,383 45.72% Binks Investments Limited (4).......... 936,211,378 60.39% Credit Suisse Trust Limited (4)(5)(6)....... 936,211,378 60.39% Huaxin Investments (4)................ 227,457,995 14.67% Baytree (7)......................... 176,673,684 11.40% (1) 27.1806%72.8194% Joy Bright Best Partners (2) Joy Bright 60.3960%39.6040% Gouver Investments LimitedRockyjing Investment Limited (3) Best Partners Development Limited 83%17% Fino Investments Limited Tesco Investments Limited (4) Huaxin InvestmentsGouver Investments LimitedRockyjing Investment LimitedBinks Investments Limited Binks Investments LimitedSerangoon Limited Seletar Limited Credit Suisse Trust Limited Credit Suisse Trust Limited Binks Trust Binks Trust (5) Fino Investments LimitedSerangoon Limited Seletar LimtiedCredit Suisse Trust Limited Credit Suisse Trust Limited Fino Trust Fino Trust (6) Tesco Investments LimitedSerangoon Limited Seletar LimtiedCredit Suisse Trust Limited Credit Suisse Trust Limited Tesco Trust Tesco Trust (7) (x)baytree (y) (z) BaytreeFuture Choice(x) Baytree Baytree Baytree Baytree 229

XV23 10% 36,837,219 31,837,2195,000,000 2.38% 230

OC&C 70% 10%70% 60%OC&C 29 694.11,126.91,405.4EBITDA 140.2164.7261.8 114.891.9214.7 534.5883.0 18.337.2%61.5%1.3%109.0 280.611.527.2%69.9%2.9% 231

7,246 14,83343.1% 694.11,405.4 42.3%62.3%24.7% 7.02 15%18% 232

40%45%25%30% 36.313.2 2.1 30%40%45% 60% 45.9% 61.5% 233

............... 12,385 4,855 22,273......... 6,834 (8,802) 9,787............... 19,219 (3,947) 32,060 China Toprise LimitedFairstar Success Holdings Limited 33% 15% 25% [1988]74[1988]49 15% (i) 15% 15% (ii) 7.5% 234

(iii) 7.5% 7.5% (iv) 25% (v) 15% (vi) 15%3% 18% [2008]55 10% 11% 15% 10% 6,958,000 67%70% 235

63.0 46.0 109.0 43.0 20.1 18.32.0 6.3 2 ONUAID 236

47918 237

................................ 694,143 1,126,930 1,405,447............................ (468,431) (836,635) (1,004,386)................................ 225,712 290,295 401,061............................ 5,337 2,437 16,420............... (97,463) (198,199) (163,761)............................ (484) (1,557) (103)............................ 133,102 92,976 253,617............................ 952 659 809............................ (3,416) (6,370) (7,985)............. 3,314 647 291............... 39.......................... 133,991 87,912 246,732.............................. (19,219) 3,947 (32,060)............................ 114,772 91,859 214,672..................... 113,190 91,286 214,672..................... 1,582 573 114,772 91,859 214,672 EBITDA (1)..................... 140,205 164,732 261,843 238

(1).................. 572,592 534,462 100,657 109,017 17.6% 20.4% 71,396 84,350 12.5% 15.8%..................... 49.6% 37.2% 34.7% 27.2% 43.1% 32.1%.................. 568,486 882,997 179,699 280,555 31.6% 31.8% 85,640 167,675 15.1% 19.0%..................... 49.3% 61.5% 61.9% 69.9% 51.7% 63.8%..................... 12,240 18,328 9,939 11,489 81.2% 62.7% 8,680 10,714 70.9% 58.5%....................... 1.1% 1.3% 3.4% 2.9% 5.2% 4.1%............................. 1,153,318 1,435,787 290,295 401,061 165,716 262,739....................... (26,388) (30,340)....................... 11,108............ (72,740) (20,230)............................. 1,126,930 1,405,447 290,295 401,061 25.8% 28.5% 92,976 253,617 8.3% 18.0% (1) 1,126.9278.51,405.424.7% 568.5314.5883.0 55.3% 60% 12.26.118.3 50.0% 572.638.1534.5 240

6.7% OC&C 435 38 1,004.4 836.6167.8 20.1%................... 471,938 56.4% 425,446 42.3%................... 388,784 46.5% 602,441 60.0%........................ 2,301 0.3% 6,839 0.7%.......................... (26,388) (3.2)% (30,340) (3.0)%............................ 836,635 100.0% 1,004,386 100.0% 388.8 213.6602.4 54.9% 2.3 4.56.8 195.7% 471.9 46.5425.4 9.9% 401.1 290.3110.838.2% 24.7%20.1%25.8%28.5% 49.3%61.5% 31.6% 31.8% 241

17.6% 20.4% 81.2% 62.7% 253.6 93.0160.6 172.7%38.2%49.9 25.3% 44.80.7 21.1 9.9 11.1 159.5 254.514.2%18.1% 3.2 242

............... 32,740 42,225............. 39,149 45,054......................................... 22,126 24,568......... 8,129 6,418............................................... 5,213 7,370............................................... 4,151 11,788............................................... 10,999 7,401................... 5,809 2,731......................................... 1,484 2,797........................................... 580........................................... 613 248........................................... 1,325 1,197.................................. 44,791 9,886................................ 21,090 2,078............................................... 198,199 163,761 132.319.5 151.814.7% 39.1 5.945.115.0% 32.79.5 42.229.0% 85.682.1 167.7 15.1%19.0%31.6%31.8% 16.5%12.8% 71.413.084.4 12.5%15.8% 243

17.6%20.4% 8.7 2.010.7 20.2 11.1 246.787.9 158.8180.7% 0.222.8% 1.625.4% 0.455.0% 32.1 3.9 36.013.0% 4.5% 10% 16.8 214.7 91.9122.8 133.6%15.3% 8.2%7.1% 244

(1)................. 375,054 572,592 68,524 100,657 18.3% 17.6% 43,913 71,396 11.7% 12.5%.............. 52.9% 49.6% 30.4% 34.7% 31.8% 43.1%................. 325,210 568,486 151,725 179,699 46.7% 31.6% 89,946 85,640 27.7% 15.1%.............. 45.9% 49.3% 67.2% 61.9% 65.2% 51.7%..................... 8,136 12,240 5,463 9,939 67.1% 81.2% 4,063 8,680 49.9% 70.9%.............. 1.2% 1.1% 2.4% 3.4% 3.0% 5.2%......................... 708,400 1,153,318 225,712 290,295 137,922 165,716................... (14,257) (26,388)................... 2,497........ (7,317) (72,740)......................... 694,143 1,126,930 225,712 290,295 32.5% 25.8% 133,102 92,976 19.2% 8.3% (1) 694.1432.81,126.962.4% 325.2243.3568.5 74.8% 50%15% 80.0 375.1197.5572.6 52.7% 8.14.112.2 245

50.4% 836.6 468.4368.2 78.6%................... 306,530 65.4% 471,938 56.4%................... 173,485 37.0% 388,784 46.5%........................ 2,673 0.6% 2,301 0.3%........................ (14,257) (3.0)% (26,388) (3.2)%............................ 468,431 100.0% 836,635 100.0% 173.5 215.3388.8 124.1% 306.5 165.4471.9 54.0% 2.70.42.3 14.8% 290.3 225.764.628.6% 62.3%78.6%32.5% 25.8% 68.5 32.2100.7 47.0%18.3%17.6% 246

151.728.0179.7 18.5%46.7%31.6% 9.9 5.54.4 80.0%67.1% 81.2% 93.0 133.140.1 30.1%28.6%104.7 113.1% 44.8 0.721.1 2.53.0 133.6 159.519.2%14.2% 670,000 247

............... 33,422 32,740............. 22,335 39,149......................................... 13,224 22,126......... 4,878 8,129............................................... 4,328 5,213............................................... 2,868 4,151............................................... 6,969 10,999................... 2,797 5,809......................................... 512 1,484........................................... (36) 580........................................... (2) 613........................................... 896 1,325.................................. 44,791................................ 2,989 21,090...................................... 2,283............................................... 97,463 198,199 94.537.8 132.340.0% 22.316.839.175.0% 7.04.0 11.057.0% 18.112.2 30.367.4% 33.40.7 32.72.0% 2.0 27.7%15.1% 43.927.571.4 248

11.7%12.5% 4.1 4.68.7 70.9%49.9% 72.7 44.821.1 87.9134.0 46.134.4% 3.086.5% 2.780.5% 3.9 19.223.1 4.5%14.3% 16.8 91.9 114.822.9 19.9%8.2% 16.5%8.3% 249

1824................................ 531,722 320,652 312,011................................ 87,134 359,057 604,215..................................... 2,553 2,149 1,260......................................... 621,409 681,858 917,486 1824............................. 690,927 373,715 530,567............................. 365,594 841,843 1,137,933.................................. 9,936 12,146 17,847...................................... 1,066,457 1,227,704 1,686,347 250

..................... 101,596 169,473 177,173........................... 7,447 68,930 (51,034)........................... (4,143) (11,119) (13,694)........................... (16,690) 2,249 70,775....................... (13,386) 60,060 6,047 13.4 16.74.1 7.4 60.1 68.911.1 6.0 70.8 51.013.7 127.9152.7 239.6 127.9120.5 2.57.4 171.1 59.4(i) 49.6(ii) 53.0(iii) 46.3 152.783.8 5.768.9 233.9 81.4 251

71.0 139.3 208.8 239.6290.6 7.251.0 77.3 4.111.113.7 31.37.8 31.2 8.1 13.4 16.72.270.8 252

45.0102.0 65.0 100.065.0 36.0 170.2120.2 100.056.250.2 4.1 6.0............................................. 4,076.................................. 2,309 1,123 1,963....................................... 1,205 473 2,711............................................. 3,353 2,256 2,647.................................... 930 129 6,044............................................. 7,797 8,057 13,365 120.2 253

387,604 596,419 679,579 723,561 109,618 247,427 411,394 340,654 87,897 165,196 213,313 346,409 4,625 8,334 6,432 8,691 1,848 2,670 3,900 4,989 43,840 52,497 173,607 214,726 101,596 169,473 177,173 305,958 737,028 1,242,016 1,665,398 1,944,988 56,406 103,904 138,956 121,090 177,363 411,269 488,590 476,153 154,933 252,413 227,413 204,460 65,201 100,000 170,150 241,920 173,625 9,125 4,567 4,542 11,052 11,781 12,792 2,901 638,580 888,492 1,042,468 1,051,066 98,448 353,524 622,930 893,922 98.4353.5622.9 893.9BaytreeGE CapitalIntel CapitalGreater ChinaFuture Choice123,964,07646.0357,079,600................................ 387,604 596,419 679,579................................ (56,406) (103,904) (138,956) 331,198 492,515 540,623........................ 1,132,773 1,562,499 2,492,873.................................... (801,575) (1,069,984) (1,952,250) 331,198 492,515 540,623 254

331.248.7% 492.5 492.59.8% 540.6 149 133 134 365.................................... 111,451 249,743 414,138......................................... 1,000 572......................................... (1,833) (3,316) (3,316)............. 109,618 247,427 411,394 (1)................ 40 58 86 (1) 365 109.6 247.4 247.4 411.4 10%15% 255

70% 15% 95% 12245% 10 30% 50-65% 95% 12245% 30 86 5848.3% 584045% 6........................................ 86,189 216,786 280,578 61....................................... 20,963 14,817 97,745 12......................................... 2,346 15,645 32,905 23......................................... 179 166 3.......................................... 120 109,618 247,427 411,394 256

........................ 52,113 103,469 160,291.................... 35,249 114,025 122,584................ 19,835 14,109 95,447.................. 2,301 15,645 32,906.................. 179 166.................... 120... 109,618 247,427 411,394 87% 45%183.5 1.8 3.33.3.................................... 159,896 350,133 351,925......................................... 17,467 61,136 136,665...................... 177,363 411,269 488,590 (1)................ 118 128 164 (1) 365 257

177.4 411.3 411.3488.6 112 118128 128164.......................... 149,549 334,862 332,428................................ 7,762 12,578 11,951................................ 2,585 2,693 7,546 159,896 350,133 351,925 090 500,000 500,000 30% 7.5 258

.................... 33,697 119,189 133,908..................................... 23,975 22,133 27,625.................................. 5,995 2,439 6,838..................................... 21,758 14,481 31,019...................... 443 2,401 2,709......................................... 2,029 4,553 11,214 87,897 165,196 213,313 10%30% 87.9 77.3165.287.9% 165.2 48.1213.329.1% (i)(ii) (iii) 259

(i)(ii) (iii) 20,000 20,000100,000 100,000......................................... 61,695 138,498 109,199......................................... 1,889 2,420 4,670.......................... 24,950 20,506 17,614.......................... 1,500 14,832 8,322.................................... 58,373 66,498 70,079....................................... 2,940 335......................................... 15,297............................................. 3,586 9,324 2,232 154,933 252,413 227,413 260

154.9 97.5252.4(i) (ii) (iii) 252.425.0 227.4 24.0 4.61.7 2.9 8.3 6.4ONU 1.8 2.82.7 365 3.1 230.7 5% 261

20% 10 1.21.41.61.2 1.4, 1.6, 1.21.41.6 %........................ 4.78-8.75 55,000 55,000 95,150 96,920........................ 5.31-8.38 10,000 45,000 75,000 145,000........................ 5.76 201 65,201 100,000 170,150 241,920 65.2 170.2 45.250.2 170.2 241.9 50.0 45.2 50.2 262

5.05.0 10.9 15.034.024.0 50.0 177.2 170.2 186.9 0.7 263

(7.9%)(17.6)%(18.5)%............................ 173,625 9,125 4,567.......................... (135,896) (6,148) 37,729 2,977 4,567..................................... 65,201 100,000 170,150 102,930 102,977 174,717........................ (101,596) (169,473) (177,173).......................... (43,840) (52,497) (173,607)............................ (42,506) (118,993) (176,063)..................................... 402,873 670,466 953,159.......................... 135,896 6,148.............................. 538,769 676,614 953,159..................................... (7.9)% (17.6)% (18.5)% (7.9)% (17.6)% (18.5)% (17.6)%................................... 50,228................................... 34,396 35,399 74,660................................... 9,444 17,098 48,719......................................... 43,840 52,497 173,607 264

......................................... 2,655 3,235 13,538................................ 4,890 3,258 21,046............................................. 7,545 6,493 34,584................................................................. 2,413 2,104 4,097................................ 2,104 2,805............................................. 2,413 4,208 6,902 265

(1) 326 (1) 22%5% 916 1,459 (1) 58.9% 138 774 2,711 85 16 (2) 100 352 352 1,189...................... 1,848 2,670 3,900 (1) (2) 266

* (1) 95% 880 1,110 2 1,119 409 (3) 2,435 533 3,060........... 4,434 2,052 3,060 (4) 135,896 6,148 (4) (4) 22%5% 449 687 287 49.5%30.5% 20% 20,241 1,820 3,639 2 2 21 5,484 1 95% 330 (5) 1,133 (3) 5,658 238 1,220 6,791 238 1,220........... 169,191 7,073 1,507........................ 173,625 9,125 4,567 (6)............. 10,000 (1) (2) (3) (4) (5) 267

(6) * 50 1.5 19 268

15 18170.2 (0.7)%5.9%4.8% 2 269

(a) 3 (b) (c) (d) (e) (f) 270

II1(d) 271

(1) (a) (b) (c) (2) (3) (4) (5) (1)(4) (6) (4)(5) (7) 272

5% 3633(c) 12.1% 11.6%Euromonitor 11.7%5% 230.7 II10 (i)(ii) (iii) (iv) 273

II12 274

13.1313.19 41.2 0.027 1,550,296,334 (i) (ii) (iii) 275

2.5% 5.0%...................... (2.4) (4.8) 1.0% 2.5%...................... (2.5) (6.2) (i) (ii) 71,501,000 (i) 56.2(ii)15.3 276

50.0 Conyers Dill & Pearman 120.2 5.07 (1)........................................ 2,899 (1)........................................................ 80,100............................ 82,999..................................................................................................................... (45)................................ 82,954.......................................................... 646..................................... 83,600 (1) 277

1 2 3 4 2.85..... 722,495 437,850 1,160,345 0.75 0.85 3.90..... 722,495 617,480 1,339,975 0.86 0.99 (1)............................................. 953,159............................................................................................................ 953,159..................................................................... 230,664........................................... 722,495 (2) 2.853.90 1 0.8773 (3) 1,550,296,334 (4) 0.87731 (5) 0.6 30,0001.000.8773 34,195.8 BaytreeGE CapitalIntel CapitalGreater ChinaFuture Choice(a)(b)Baytree (c) 278

BaytreeFuture Choice 50.0 279

3.375 2.853.90 581.6 261.745% 203.635% 58.210% (i)(ii)(iii) (i) (ii)aid(iii)onu AID (iv) ETC(v) 58.110% 116.8 280

2.85 102.4479.3 3.90 102.4684.0 120.6 281

Mizuho Securities Asia Limited Mizuho Securities Asia Limited 23,684,000 (a) (i) (ii) 282

(b) (c) (d) OC&C (e) (f) (g) (h) (i) (ii) (iii) (A) 283

(B) (iv) (A) (B) (v) (vi) (vii) (viii) (ix) (x) (xi) (xii) (xiii) 284

(xiv) (i)(xiv) (i) (ii) (iii) (iv) 10.08 10.08 (a) (b) 285

10.07(1) (i) (ii) (i) (i) 10.07(2) 155 10.07(3) (i) (ii) (A)(B)(C) (i) 286

(ii) (iii) (i)(ii) (iv) (i)(ii)(iii)(i)(ii)(iii) (i)(ii)(iii) 30 287

35,526,000 15% 2.5% 2.5% 1.5% 3.375 93.4 3.0% 3A.07 288

a. 23,684,000 b. 144AS 213,156,00036,837,219 144A S 3.902.85 289

(a) (b) Baytree GE Capital Intel Capital Greater China Future Choice 3.20 (c) 30 290

www.hkexnews.hk www.its.cn 155 (i) (ii) 23,684,000 236,840,00010% 1.5% 3.902.85 3.901%0.004%0.005% 3.90 AB 5 A5B B 291

AB AB 23,684,00050%11,842,000 (i)1550 (ii)50100(iii)100 71,052,00094,736,000118,420,000 30%(i)40%(ii)50%(iii) AB AB 213,156,00090% 176,318,78136,837,219 13.7% 144A S 292

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295

I. (i)(ii) eipo (www.eipo.com.hk) eipo(iii) eipo 18 S eipo (www.eipo.com.hk) eipo eipo eipo 1. (a) 296

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6 139 3 788 68 A3 282 L15 (b) (i) 1992 (ii) 3. (a) (i) (ii) (iii) 298

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eipo eipo eipo 1. (a) www.eipo.com.hk (b) (c) (d) 40 342E 40 342E 2. (a) V. (b) (c) 309

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V. VII. eipo eipo www.eipo.com.hk eipo eipo eipo eipo www.eipo.com.hk (b) eipo VIII. 1,0001900 IX. 316

317

8 2 18 IIII1(d) II1(c) II1(c) China Toprise LimitedFairstar Success Holdings Limited Winitop Investments Limited II1(d) I-1

3.340 II1(d) I-2

I. II1(d).................... 3 694,143 1,126,930 1,405,447................ 4 (468,431) (836,635) (1,004,386).................... 225,712 290,295 401,061................ 4 5,337 2,437 16,420... (97,463) (198,199) (163,761)................ 4 (484) (1,557) (103)................ 133,102 92,976 253,617................ 4 952 659 809................ 4 (3,416) (6,370) (7,985)... 9 3,314 647 291......... 22(a) 39.............. 133,991 87,912 246,732..... 5 (19,219) 3,947 (32,060)................ 114,772 91,859 214,672......... 113,190 91,286 214,672......... 1,582 573 114,772 91,859 214,672................ 6 0.10 0.08 0.18 II29 I-3

II1(d)................ 114,772 91,859 214,672............. 27(a) 1,164......... 7 10,376............. 5 (2,594) 1,164 7,782............. 27(b) 7,419 7,817 1,653............. 8,583 7,817 9,435....... 123,355 99,676 224,107......... 121,773 99,103 224,107......... 1,582 573 123,355 99,676 224,107 I-4

II1(d)........ 7 45,094 47,739 26,223................ 8 32,665 32,003 80,100.... 9 7,695 9,442 8,544..................... 10 230,664 230,664 230,664............ 5 6,097 8,322 5,946................ 570 555 540 322,785 328,725 352,017.... 11 387,604 596,419 679,579.. 12 109,618 247,427 411,394.......... 13 87,897 165,196 213,313..................... 14 4,625 8,334 6,432.......... 19 1,848 2,670 3,900.............. 15 43,840 52,497 173,607........ 15 101,596 169,473 177,173 737,028 1,242,016 1,665,398.... 11 56,406 103,904 138,956.. 16 177,363 411,269 488,590.. 17 154,933 252,413 227,413................ 18 65,201 100,000 170,150.......... 19 173,625 9,125 4,567................ 11,052 11,781 12,792 638,580 888,492 1,042,468............ 98,448 353,524 622,930...... 421,233 682,249 974,947............ 5 18,360 11,783 21,788 18,360 11,783 21,788................ 402,873 670,466 953,159.............. 20 205 205 216................ 21(a) 12,755 20,263 55,069................ 21(b) 221,024 391,695 673,771................ 7,782............ 27(a) 7,419 15,236 16,889................ 27(b) 159,289 243,067 199,432 400,692 670,466 953,159............ 2,181................ 402,873 670,466 953,159 I-5

II1(d) 20 21(a) 21(b) 27(a) 27(b).. 20(a) 205 3,382 206,346 64,808 274,741 6,081 280,822...... 1,164 7,419 113,190 121,773 1,582 123,355........ 22(b) 600 600........ 22(a) (1,904) (1,904)...... 1(d), 21(b)(i) 4,178 4,178 (4,178)........ 27(a) (1,164) 1,164........ 9,373 10,500 (19,873).. 20(a) 205 12,755 221,024 7,419 159,289 400,692 2,181 402,873...... 7,817 91,286 99,103 573 99,676................. 21(b) (ii) 125,880 125,880 125,880...... 22(b) (2,754) (2,754)................. 21(b) (iii) 44,791 44,791 44,791........ 7,508 (7,508) 205 20,263 391,695 15,236 243,067 670,466 670,466...... 7,782 1,653 214,672 224,107 224,107............... 20(c) (v) 11 120,190 120,201 120,201................. 21(b) (iii) 9,886 9,886 9,886........ 34,806 152,000 (186,806)............. 29 (71,501) (71,501) (71,501)...... 216 55,069 673,771 7,782 16,889 199,432 953,159 953,159 I-6

II1(d).............................. 114,772 91,859 214,672.............................. 4 4,328 5,213 7,370....................... 4 154 152 27........... 24 44,791 9,886........ 4 2,989 13,219 2,078................. 4 1,482............. 4 (36) (902)............... 4 2,283.......... 5 6,834 (8,802) 9,787............. 9 (3,314) (647) (291)....................... 4 (2,497) 662 (11,108)............... 22(a) (39)......................... 4 (952) (659) (809)......................... 4 3,416 6,370 7,985 127,938 152,738 239,597....................... (18,134) (8,657) (70,882)........... (59,442) (139,291) (163,967).... (15,470) (70,992) (47,794)............. (171,113) (208,815) (83,160).............................. (4,625) (3,709) 1,902..................... (3,891) (10,160) (351)........... 49,619 233,906 77,321............. 53,037 47,498 35,052........... 46,281 81,394 (32,587)....................... 5,711 729 1,011......................... 9,911 74,641 (43,858).............................. (3,416) (6,370) (7,985).............................. 952 659 809.... 7,447 68,930 (51,034).... 668 47 871............. (7,797) (8,057) (13,365)....................... 22(b) (971)....................... 22(a) 3,980................. (1,100)..................... 22(b) (1,500) (1,200)......................... (31,266) (2,867)....................... 31,243 2,358............. (4,143) (11,119) (13,694) I-7

........................... 373......................... 65,000 100,000 170,150......................... (45,029) (65,000) (100,000)............. 15 (50,228).............................. (56,204)..................... 20(c) 120,201........................... 66,818 7,232....................... (101,955) (36,005) (4,248)........... (1,897) (201)......................... (3,777) (8,896).... (16,690) 2,249 70,775.... (13,386) 60,060 6,047..................... (4) 7,817 1,653................. 114,986 101,596 169,473................. 15 101,596 169,473 177,173 I-8

............................ 25 592,270 591,330 592,270 591,330.......... 13 3,281 71,115............................ 15 50,228...................... 15 747 3,281 122,090................ 17 14,902 24,064........................ 26 6,148.................... 26 7,260 5,041 28,310 29,105.................. (25,029) 92,985...................... 567,241 684,315............................ 20 205 216............................... 21 586,966 706,992.......................... 5,127 4,187............................... (25,057) (27,080)............................... 567,241 684,315 I-9

II. 1. (a) 19A11 100020 (b) (c) Winitop Investments Limited (6) 100 Well Score International Limited (4) Well Score China Toprise Limited China Toprise (6) Fairstar Success Holdings Limited Fairstar 1.0 100 1,000 100 50,000 100 (1) 150 I-10 100

(2) 80 100 (2) 2 100 (2) 10 100 (3) 5.5 100 (3) 5 100 (3) 30 100 (3) 5 100 (5) 10 100 (1) I-11

(2) (3) (4) Well Score (5) (6) (d) 55.5% 37%5%2.5% 4.2 5%5% 4.2 5% 5% 5% I-12

5% 5%4.2 5% 27 95% Best Partners Development LimitedBest Partners Best Partners China Toprise 20% 75.5%17%5%2.5% 95%73 China Toprise95%China Toprise China Toprise Best PartnersBest Partners Best Partners China Toprise a) Best PartnersChina Toprise 50%b)5% China Toprise 73 1 5% 4.25% I-13

380,0003,800,0000.10 0.10 Best Partners Best Partners Best Partners 500 100 China Toprise 1 Fairstar 125.9 China Toprise Fairstar 1,166,530,554 500 China Toprise........... 100% 100% 100% Fairstar................. 100% 100% 100%............ 100% 100% 100%............... 100% 100% 100%............... 100% 100% 100%............... 100% 100% 100%.......... 100% 100% 100%............... 100% 100% 100%.......... 100% 100% 100%............... (a) 90% 100% 100% Winitop Investments Limited............... 100% Well Score.............. 100% (a) 51% 39% 10% II22(b) 2.1 I-14

1 27 2 7 8 1 18* 23 32 1 1 27 2 7 18 32 1 39 39 77 9 39 11 12 13 14 15 16 ** 9 39 2 19 * ** 5 I-15

1 1 1 1 2 2 2 2 3 1 5 5 1 8 8 1 9 6 24 5 27 1 32 39 14 17 18 19 4 * 32 3 39 1 14 5 1 1 4 2 7 * 1 2 3 4 5 6 7 I-16

II1(d) I-17

I-18

(a) (b) (c) 20% (d) 20% 39 (1) (a) (b) (c) I-19

(2) (3) (4) (5) (1)(4) (6) (4)(5) (7) 20 35 5 5 I-20

39 I-21

(a) (b) I-22

I-23

I-24

39 I-25

Hull-White II24 I-26

II6 20% I-27

(a) (b) (c) (d) (e) (f) I-28

2.2 I-29

230.7II10 (i)(ii) (iii) (iv) 32.7 32.080.1 I-30

II12 1.5 6.18.35.9 3. (1) (2)..................... 671,046 1,099,713 1,386,375..................... 23,097 27,217 19,072 694,143 1,126,930 1,405,447 I-31

4.................... 456,295 818,921 993,111............... 12,136 17,714 11,275 468,431 836,635 1,004,386 (h)......... (a) 33,422 77,531 52,111......................... 2,868 4,151 11,788............. 2,989 13,219 2,078.................................. (b) 4,328 5,213 7,370................. 1,482............. (36) (902)......................... (2) 613 248....................... 22(a) (39).............................. (c) (5,337) (2,437) (16,420).............................. (d) (952) (659) (809).............................. (e) 3,416 6,370 7,985................... (f) 2,283.............................. (g) 484 1,557 103 (a) (h)....................................................... 25,513 27,533 31,055.................. 4,285 3,803 7,322.......................... 3,624 1,404 3,848 24......... 44,791 9,886 (b) 33,422 77,531 52,111................ 4,328 5,213 7,370 I-32

(c)............. 2,497 11,108....................... (i) 3,203.......................... (ii) 2,413 2,437 2,104.............................. 427 5 (i) (ii) (d) 5,337 2,437 16,420 2,413,0002,437,000813,00019............................ 952 659 809 (e).................. 3,416 6,370 7,985 (f) 22(b).................................................... 2,283........................................ (2,283).......... I-33

(g)............ 154 152 27........... 662................................. 670 67..................................... 330 73 9 484 1,557 103 (h) (A)............................................... 1,507 2,474 1,387................................. 754 5,850 2,225...................... 112 135 60 2,373 8,459 3,672.............. 201 129 6 336................ 102 102.............. 123 203 21 347.............. 109 191 7 307.............. 281 39 21 341.............. 279 31 21 331................ 295 21 316................ 117 161 15 293 1,507 754 112 2,373 I-34

.............. 260 17 277................ 100 2,709 2,809.............. 230 17 247.............. 119 423 16 558.............. 268 23 291.............. 268 23 291................ 286 23 309................ 119 490 16 625.............. 824 2,228 3,052 2,474 5,850 135 8,459.............. 230 10 240................ 102 1,328 1,430.............. 70 4 74.............. 45 92 4 141.............. 269 26 295.............. 102 4 106................ 109 4 113................ 42 50 3 95................ 67 273 5 345.............. 351 482 833 1,387 2,225 60 3,672 24 I-35

(B)................ 422 737.............. 5,378 1,703...................... 34 19 5,834 2,459 1,000,000................ 2 1,000,0011,500,000.. 1 1,500,0012,000,000.. 2 2,000,0012,500,000.. 1 3 3 24 I-36

5. (a) China Toprise Fairstar (b) 33% 15% 25% [1988] 74[1988] 49 15% (i) 15% 15% (ii) 7.5% (iii) 7.5% 7.5% (iv) 25% (v) 15% (vi) 15% 3%18% [2008]55 I-37

10%15% (c) 10% 6,958,000........................ 12,385 4,855 22,273............... 6,834 (8,802) 9,787....... 19,219 (3,947) 32,060 I-38.................................. 133,991 87,912 246,732 25% 33%.................. 44,217 21,978 61,683......... (29,023) (22,325) (34,230) i........ (6,977)................................ 1,884 6,362 3,302................................ (75) ii............ 2,745 (9,868) 1,405 10%.......................... 6,958........................ (604) (100)....... 19,219 (3,947) 32,060................................ 14.3% (4.5)% 13.0%

(i) 18% 6,977,000 (ii)...................... 574 4,369 4,943...................... 445 3,147 106 3,698 22(b)................. 176 39 215 22(a)................. (511) (2,248) (2,759).................... 684 5,307 106 6,097..... 435 1,896 (106) 2,225...................... 1,119 7,203 8,322.................. (2,376) (2,376)................ 1,119 4,827 5,946 I-39

*........ 327 129 10,635 11,091 22(a).... (3,263) (3,263)................. 624 (129) 10,037 10,532...... 951 17,409 18,360................ (165) 468 (13,838) 6,958 (6,577)...... 786 468 3,571 6,958 11,783................. 2,594 2,594................. 2,976 295 11,098 (6,958) 7,411 6,356 763 14,669 21,788 * 6....................... 113,190 91,286 214,672................. 1,166,531,054 1,166,531,054 1,207,816,541 I-40

24 II1(d) I-41

7... 29,443 2,419 1,239 7,337 1,698 42,136.................................. 2,309 1,205 3,353 930 7,797 22(b)................. 216 313 529 22(a)................. (96) (122) (218).................................. (239) (9) (574) (822).......................... (1,251) (938) (458) (1,127) (554) (4,328)....................... 28,192 3,767 1,881 9,180 2,074 45,094.................................. 4,076 1,123 473 2,256 129 8,057.................................. (11) (8) (180) (199).......................... (1,423) (1,088) (534) (1,600) (568) (5,213)....................... 30,845 3,791 1,812 9,656 1,635 47,739.................................. 1,963 2,711 2,647 6,044 13,365.................................. (858) (37) (3) (898) 8......... 10,376 10,376 8................ (36,989) (36,989).......................... (475) (2,170) (1,039) (2,481) (1,205) (7,370)....................... 2,899 3,547 3,481 9,822 6,474 26,223.................................. 30,607 2,910 1,601 8,592 1,880 45,590.............................. (1,164) (491) (362) (1,255) (182) (3,454).............................. 29,443 2,419 1,239 7,337 1,698 42,136.................................. 30,607 3,950 2,456 10,922 2,810 50,745.............................. (2,415) (183) (575) (1,742) (736) (5,651).............................. 28,192 3,767 1,881 9,180 2,074 45,094.................................. 34,683 5,144 2,764 12,883 2,939 58,413.............................. (3,838) (1,353) (952) (3,227) (1,304) (10,674).............................. 30,845 3,791 1,812 9,656 1,635 47,739.................................. 3,059 6,783 5,461 15,530 8,983 39,816.............................. (160) (3,236) (1,980) (5,708) (2,509) (13,593).............................. 2,899 3,547 3,481 9,822 6,474 26,223 I-42

28.230.8 II18 50................................. 10,033 13,544 2,899 2050............................ 18,159 17,301 28,192 30,845 2,899 8.......................................... 30,168 32,665 32,003 7.............. 36,989............. 2,497 (662) 11,108......................................... 32,665 32,003 80,100 26.637.010.4 32.732.080.1 II19 II18 9................................. 7,695 9,442 8,544 I-43

............ )..... 51% (1) 51% (1) 51% (1) 51% (2) 51% (2) 51% (2) 51% (3) (1) 40%51%51% (2) (3).................................. 3,262 333 363................................ 52 314 (72)................................. 3,314 647 291 I-44

..................................... 24,887 25,678 24,405.................................. 995 1,731 1,678..................................... (8,638) (7,797) (9,021)..................................... 17,244 19,612 17,062......................................... 27,901 21,636 20,596.................................. (19,644) (20,367) (19,899)......................................... (126).................................. 8,257 1,269 571 10. 230.7 5% 20% I-45

11................... 387,604 596,419 679,579.................. (56,406) (103,904) (138,956) 331,198 492,515 540,623................ 1,132,773 1,562,499 2,492,873............................. (801,575) (1,069,984) (1,952,250) 331,198 492,515 540,623 12........................... 111,451 249,743 414,138............................... (1,833) (3,316) (3,316) 109,618 246,427 410,822............................... 1,000 572 109,618 247,427 411,394 10.9 18................................... 221 1,833 3,316........................ 1,612............................... 1,704............................... (221)................................... 1,833 3,316 3,316 I-46

............................... 86,189 216,786 280,578.......................... 20,963 14,817 97,745............................. 2,346 15,645 32,905............................. 179 166............................... 120 109,618 247,427 411,394 3090........................ 52,113 103,469 160,291.................... 35,249 114,025 122,584................ 19,835 14,109 95,447.................. 2,301 15,645 32,906.................. 179 166.................... 120 109,618 247,427 411,394 13........ 33,697 119,189 133,908........................ 23,975 22,133 27,625...................... (a) 5,995 2,439 6,838........................ 21,758 14,481 31,019............... 443 2,401 2,709............................ 2,029 4,553 11,214 87,897 165,196 213,313 (a) I-47

....... 2,401 2,709........................ 66,880................................... 880 1,526 3,281 71,115 14.................................. 996 3,265 2,831................................. 1,493 237 191................................. 2,136 4,832 3,410 4,625 8,334 6,432 15......................... 145,436 221,970 350,780 18............... (50,228)........................ (34,396) (35,399) (74,660)........................ (9,444) (17,098) (48,719) (43,840) (52,497) (173,607)...................... 101,596 169,473 177,173 113.6214.1298.7 I-48

........................ 50,975.............. (50,228)...................... 747 16........................... 159,896 350,133 351,925............................... 17,467 61,136 136,665 177,363 411,269 488,590 190.................. 149,549 334,862 332,428........................ 7,762 12,578 11,951........................ 2,585 2,693 7,546 159,896 350,133 351,925 17................................ 61,695 138,498 109,199............................... 1,889 2,420 4,670................ 24,950 20,506 17,614....... 1,500 14,832 8,322.......................... 58,373 66,498 70,079............................. 2,940 335............................... 15,297................................... 3,586 9,324 2,232 154,933 252,413 227,413 I-49

............................... 15,297....... 14,832 8,322................................... 70 445 14,902 24,064 18. %....... 4.78 8.75 55,000 55,000 95,150....... 5.31 8.38 10,000 45,000 75,000....... 5.76 201 65,201 100,000 170,150 50.0 50.050.0 II78 45.2 50.2 5 5 II19 10.912 153424 I-50

19. (a)...... (b) 2,235 1,168........................................ (b) 2,435 4,800.............................. (b) 1,119 3,991..................................................... 5,789 5,159 4,800 (c)................................................... 326 225............................ 676 1,130............................................. 1,945...... 10,307.............................. 116 1,500...... 14,530............. 1,276............. 2,000............................................... 12............................................... 90..................................................... 31,266 2,867 (c)................................................... 34,237 4,248...... 4,856............. 12,359............. 3,500............................................. 11,009 2,984............................ 825............................................... 32..................................................... 66,818 7,232............. (d) 654 1,215 212...... (e) 823...... (d) 654 1,222 601.............................. (e) 282..................................................... 2,413 2,437 813........................................ 1,189.................................... (f) 10,000 I-51

(a) (b) (c) (d) (e) (f) (g) 14A 14A 50 Baring Private Equity Asia Group Investment Limited................................. 326.............. 916 1,459................ 138 774 2,711............................... 85............................. 16............ 100............ 352 352...................... 1,189................................... 1,848 2,670 3,900 I-52

.......... 880 1,110...................... 2,435 533 3,060.......... 1,119 409 4,434 2,052 3,060................................. 135,896 6,148.................. 5,484.............. 330.............. 449 687 287.................. 20,241.......................... 6,791 238 1,220 169,191 7,073 1,507................................... 173,625 9,125 4,567............ 2,559 2,474 2,026................ 5,850 2,951........................ 142 135 70.......... 2,701 8,459 5,047 20. II4(h) (a) I-53

(b) II1(d) (c) 0.10...... (i) 3,800,000 335... (iii) 1,896,200,000 0.0002.... 1,900,000,000 335 0.10...... (ii) 1... (iii) 499.............. (iv) 1,166,530,554 205 0.0002.... 1,166,531,054 205 0.0002.... (v) 59,798,423 11 0.0002.... 1,226,329,477 216 (i) (ii) (iii) (iv) (v) 380,000 3,800,0000.10 Best Partners Best Partners 0.10 5000.0002380,000 1,900,000,0000.0002 II1(d) 1,166,530,554500 81,202,59263,674,438 21,654,024 59,798,4230.0002 120,201,000 21. (a) 10% 50% 25% I-54

(b) 206Fairstar (i) 5% 4.21(d) (ii) 100 China Toprise 1 Fairstar 125.9 China Toprise Fairstar (iii) 24 44.89.9 (iv) 20(v) 59,798,4230.0002120.2 (v) 10.5152.0 II1(d) 22. (a) 75% 5,750,000 I-55

......................................... 218............................................. 2,759......................................... 22,065............................................. 3,880................................... 751........................................... 3......................................... 1,770 31,446......................................... 140............................................. 1,868................................... 10,036........................................... 4,456............................................... 4,068............................................. 3,263 23,831........................................... 7,615............................................. (1,904).................................................. 39.................................................... 5,750...................................................... 5,750.................................................. 5,750....................................... (1,770)............. 3,980 (b) 51% 39% 39%2.3 I-56

.......................... 529 529.............................. 215 215............................ 2,283...................... 783 783.............................. 10,141 10,141.................... 7,551 7,551............................ 1,369 1,369 22,871 20,588.............................. 2,000 2,000.............................. 4,055 4,055.................... 10,813 10,813 16,868 16,868................................... 6,003 3,720.......................... (3,063).............................. (600)................ 2,340.................................................. (2,340)..................................... 1,369.................. (971) 1.2 2.3 4(f) 76.515.1 10% 2.7 (c) 10,000 I-57

23. (a) (b) (c) 76.1133.7151.2 I-58

................... 375,054 310,953 8,136 694,143........................ 14,257 14,257 375,054 325,210 8,136 708,400.................... (14,257)............................... 694,143........................... 43,913 89,946 4,063 137,922........................... 952.............. 3,314................ 39........................ 2,497.............. (7,317)........................... (3,416)........................ 133,991........................... 294,371 518,919 6,674 819,964.............. 239,849........................... 1,059,813........................... 204,985 181,181 548 386,714........................ 270,226........................... 656,940.................. 3,314............ 36 36........................ 6,611.................. 7,695........................... 7,797 I-59

.................... 572,592 542,178 12,160 1,126,930........................ 26,308 80 26,388 572,592 568,486 12,240 1,153,318.................... (26,388)............................... 1,126,930........................... 71,396 85,640 8,680 165,716........................... 659.............. 647.............. (72,740)........................... (6,370)........................ 87,912........................... 491,610 746,827 5,582 1,244,019.............. 326,722...................... 1,570,741........................... 381,011 263,900 1,003 645,914........................ 254,361 900,275.................. 647............ 1,482 1,482............ 902 902.................... 44,791........................ 5,213.................. 9,442........................... 8,057 I-60

.................... 534,462 852,657 18,328 1,405,447........................ 30,340 30,340 534,462 882,997 18,328 1,435,787.................... (30,340)............................... 1,405,447........................... 84,350 167,675 10,714 262,739........................... 809.............. 291........................ 11,108.............. (20,230)........................... (7,985)........................ 246,732........................... 488,466 1,036,582 12,854 1,537,902.............. 479,513........................... 2,017,415........................... 305,703 533,296 663 839,662........................ 224,594........................... 1,064,256.................. 291........................ 7,370.................... 9,886.................. 8,544........................... 13,365 24. 116,653,105 58,170,393 58,482,712 0.602.00 3.004.00 I-61

............................. 44,791 9,886................... 116,653 1.80.............................. 116,653 1.80......................................................................... 116,653 1.80 116,653 1.80............... 58,170 0.60 58,170 0.60 Marsh (Beijing) Risk Consulting Co., Ltd. Hull-White HW HW................. 12-31-2008 12-31-2008 12-31-2008 12-31-2008 12-31-2008 12-31-2008 12-31-2008............ 12-31-2008 12-31-2010 06-30-2011 12-31-2011 06-30-2012 12-31-2012 06-30-2013................. 12-31-2013 12-31-2015 06-30-2016 12-31-2016 06-30-2017 12-31-2017 06-30-2018...... 1.37 1.37 1.37 1.37 1.37 1.37 1.37........ 0.60 2.00 2.00 3.00 3.00 4.00 4.00 %.......... 1.80 2.13 2.21 2.28 2.40 2.52 2.67 %............... 0.00 0.00 0.00 0.00 0.00 0.00 0.00.............. 5.00 7.00 7.50 8.01 8.50 9.01 9.50.............. 2.00 2.50 3.00 3.50 4.00 4.50 %............. 58.9 55.3 54.8 54.1 53.5 53.0 53.0............ 2.0 2.0 2.0 2.0 2.0 2.0 2.0 %........ 2.0 2.0 2.0 2.0 2.0 2.0 2.0...... 0.77 0.54 0.57 0.48 0.50 0.45 0.47 I-62

25......................... 592,270 591,330 II1(c) 26. 27. (a) II22(b) (b) 28. (a) (i) 100 China Toprise 1 Fairstar 125.9 China Toprise Fairstar 21(b) (ii) 24 44.89.9 I-63

(b).................. (6,889) (4,124) (21,262) 29. 71,501,000 50 30.................................. 2,655 3,235 13,538........... 4,890 3,258 21,046 7,545 6,493 34,584................................. 2,413 2,104 4,097........... 2,104 2,805 2,413 4,208 6,902 I-64

31................. 109,618 247,427 411,394........................ 1,848 2,670 3,900............................. 43,840 52,497 173,607.............. 45,733 36,614 58,644...................... 101,596 169,473 177,173 302,635 508,681 824,718................ 177,363 411,269 488,590........................ 173,625 9,125 4,567............................... 65,201 100,000 170,150............................. 15,297 416,189 520,394 678,604.............. 66,880............................. 50,228...................... 747 117,855 I-65

........................ 6,148........................ 7,260 5,041.................. 15,297 13,408 20,338 32. (i) (ii) I-66

5% * %.................. 5% 2,958.................. (5)% (2,958) * (iii) (iv) I-67

........ 10,347 167,016 177,363................ 173,625 173,625....................... 65,201 65,201 183,972 167,016 65,201 416,189........ 25,848 385,421 411,269................ 9,125 9,125....................... 100,000 100,000 34,973 385,421 100,000 520,394........ 49,571 439,019 488,590................ 4,567 4,567....................... 170,150 170,150.......... 15,297 15,297 69,435 439,019 170,150 678,604 (v) I-68

33. Baytree Investments (Mauritius) Pte LtdBaytreeGE Capital Equity Investments Ltd.Intel Capital CorporationGreater China PE Fund L.P. Future Choice LimitedFuture Choice (a)(b) Baytree (c) BaytreeFuture Choice 123,964,076 46.01,350,293,553 0.0002 50 34. I-69

4.29 A. 1 2 3 4 2.85.... 722,495 437,850 1,160,345 0.75 0.85 3.90.... 722,495 617,480 1,339,975 0.86 0.99 (1)............................................. 953,159............................................................................................................ 953,159..................................................................... 230,664........................................... 722,495 (2) 2.853.90 1 0.8773 (3) 1,550,296,334 (4) 0.87731 II-1

(5) 0.6 30,0001.000.8773 34,195.8 II-2

B. (1)..................... 41.2 47.0 (23)............................................. 0.027 0.031 (1) (2) 0.87731 (3) 1,550,296,334 II-3

C. 8 2 18 AB 236,840,0000.0002 4.29 7 4.29(7) 300 II-4

4.29(1) Public Company Accounting Oversight Board (United States) A (a) (b) (c) 4.29(1) II-5

(A) 11.18 III-1

41.2 0.027 1,550,296,334 (i) (ii) (iii) 2.5% 5.0%...................... (2.4) (4.8) III-2

1.0% 2.5%...................... (2.5) (6.2) (i) (ii) III-3

(B) 8 2 18 3.341 A III-4

23 (852) 2801 6100 (852) 2530 0756 C-023750 savills.com IV-1

5 12 19A 11 100020 MSc FRICS FHKIS MCIArb RPS(GP) MSc, FRICS, FHKIS, MCIArb, RPS(GP)25 20 IV-2

1. 8 A1601 16031605 16131615 1616 017019026028030077079158 2. 1 8 C2201C2202C2203C2205 51,600,000 28,500,000 3. 2 101 4. 12 A105 5. 48 B503 6. 628 B 19581968 3,500,000 83,600,000 IV-3

7. 12 A208 8. 8 80058006 9. 7-2-303 10. 76 25 02030407 11. 12 A205 12. 19 101001 10031005 1011 111101 11031105 1111 121201 12031205 1211 13. 12 A203 IV-4

14. 12 1 403 15. 12 1 4 5 16. 4D 17. 1 47 3 18. 75 4 136440442438 19. 901 83,600,000 IV-5

1. 8 A 1601 1603 1605 1613 1615 1616 017 019026 028030 077079 158 2916 14 2,615.9128,158 8 356.573,838 5 1,639.06 2 148,221.48 51,600,000 (1) 14(2006) 3650317365033014 365031736503302,615.91 (2) 8X699447699522699526699541699550699556699559699578 356.578 (3) 314.05 3 28,657.06 (4) 923.37 81,787.50 (5) 401.64 336,796.92 (6) 077 490 (7) 030 490 IV-6

(8) (i) (ii) (iii) (iv) 200619 (v) (vi) IV-7

2. 1 8 C2201 C2202 C2203 C2205 4 25 22 1,474.37 15,870 215,281.73 28,500,000 (1) 4(2006)38373840 40066799 0066800006681800668521,474.37 (2) 215,281.73 (3) (i) (ii) (iii) (iv) (v) IV-8

3. 2 101 31 321.97 (3,466 3,500,000 (1) (2010)013177 (2) 00645747321.97 (3) (i) (ii) (iii) IV-9

4. 12 A105 4 1 51.50 554 1 38,000 1 38,000 (1) (2) (i) (ii) (iii) (iv) (v) (vi) IV-10

5. 48 B503 5 5 24.21 261 1 20,400 (1) (2) (i) (ii) (iii) (iv) (v) (vi) IV-11

6. 628 B 1958 1968 23 247.70 2,666 1 5,300 1 5,300 (1) 51% (2) (i) (ii) (iii) (iv) (v) (vi) IV-12

7. 12A208 5 2 46.00 495 1 35,000 1 35,000 (1) (2) (i) (ii) (iii) (iv) (v) (vi) IV-13

8. 88005 8006 12 60.00 646 1 (1) (2) (i) (ii) (iii) (iv) (v) (vi) IV-14

9. 7-2-303 8 90.14 970 3 12,000 (1) 51% (2) (i) (ii) (iii) (iv) (v) (vi) IV-15

10. 76 2502 0304 07 2725 474.82 5,111 1 173,309.30 (1) 51% (2) (i) (ii) (iii) (iv) (v) (vi) IV-16

11. 12A205 4 2 46.00 495 1 35,000 1 35,000 (1) (2) (i) (ii) (iii) (iv) (v) (vi) IV-17

12. 19 10 1001 1003 1005 1011 11 1101 1103 1105 1111 121201 12031205 1211 37 30 7,475.85 80,470 15,250,734 (1) 1,383.83100110071008100910101011 3235,251.10 (2) 159.281003 327,077.601003130 Well Score International Limited 51%49% 22,100 (3) 126.931005 321,578.10 (4) 53,569.781002100611071108110911101111 12011206120712101211 3606,862.60 41.921108 37,126.40 (5) 165.581209 328,148.60 (6) 1,296.8111011102110311051106 3220,457.70 IV-18

(7) 141.921208 324,126.40 (8) 631.72120212031205 3107,392.40 (9) (i) (ii) (iii) (iv) (4) (v) (vi) IV-19

13. 12A203 4 2 87.00 936 1 65,000 1 65,000 (1) (2) (i) (ii) (iii) (iv) (v) (vi) IV-20

14. 12 1-403 5 4 78.81 848 1 4,200 (1) (2) (i) (ii) (iii) (iv) (v) (vi) IV-21

15. 12 1-4-5 4 147.60 1,589 3 36,000 (1) (2) (i) (ii) (iii) (iv) (v) (vi) IV-22

16. 4D 21 149.20 1,606 1 42,000 (1) 51% (2) (i) (ii) (iii) (iv) (v) (vi) IV-23

17. 1 47 3 5 150.00 1,615 1 15,000 (1) (2) (i) (ii) (iii) (iv) (v) (vi) IV-24

18. 75 4 136440 442438 4 6 14 72.00 775 92,016 (1) 16.00136 320,448 (2) 20.00438 325,560 (3) 16.00442 320,448 (4) 20.00440 325,560 (5) (i) (ii) (iii) (iv) IV-25

19. 901 1 129 30.00 323 (1) 301 (2) (i) (ii) (iii) (iv) IV-26

22 1. (a) 27(2) (b) 2. (a) (i) V-1

(ii) (iii) (iv) (v) V-2

(vi) (aa) (bb) (cc) (dd) (ee) 5% (ff) V-3

(vii) (aa) (bb) (cc) (6) V-4

(dd) (ee) (ff) (viii) (ix) (x) (30) (b) (c) (i) V-5

(ii) (iii) (iv) (v) (d) (e) (21)(10) (95%) (21)(10) (15) V-6

(f) (g) (15) (18) (h) V-7

(21) (i) (21)(20) (e) (21)(10) (14)(10) (i) (ii) (95%) (aa) (bb) (cc) V-8

(dd) (ee) (ff) (20%) (gg) (j) (30) V-9

(k) (l) (m) (i) (ii) (a) (b) V-10

(n) (o) (20) (14) V-11

(20) (p) (2) 2.50 1.00 (q) (r) 3(f) (s) (i) (ii) V-12

(t) (i) 12(ii)12 (iii) (3) (u) 3. (a) V-13

(b) (a)(b) (c)37(d)(e) (f) (c) (d) V-14

(e) 34 34 2(m) (f) (a)(b) (c) (a)(b) (c) (d) V-15

(g) (h) (i)(ii) (iii) (i) (j) 6 (1) (2) (k) (l) V-16

(m) (n) (28) V-17

(21) (o) (75%) (p) (4) (90%)(4)(2) (1) (q) 4. Conyers Dill & Pearman V-18

A. 1. 18121 XI 2. 380,0003,800,0000.10 0.10 5000.0002 380,0001,900,000,0000.0002 310,059.26 1,550,296,334349,703,666 3. (a) (b) (i) (ii) (iii) (i) VI-1

(ii) (iii) 1. (c) 20% (d) 10% (e) (c) (d) 4. VI-2

5. (a)2,000,000 8,000,000 (b) 70,000,000 150,000,000 (c) 500,000 2,000,000 (d) 10,000,000 28,000,000 28,000,00030,000,000 30,000,00050,000,000 (e) 26,000,000 80,000,000 (f) 5,000,000 100,000,000 (g) 150,000,000 300,000,000 (h) 80,000,000 180,000,000 6. (a) 300,000,000 China Toprise Limited 75% 25% (b) 180,000,000 Fairstar Success Holdings Limited 80% 20% VI-3

(c) 8,000,000 51% 49% (d) 5,000,000 51% 49% (e) 5,500,000 90% 10% (f) 100,000,000 China Toprise Limited 85% 15% (g) 2,000,000 100% (h) 50,000,000 100% (i) 5,000,000 100% (j) 10,000,000 100% (k) 2,000,000 100% VI-4

(l) 10,000,000 100% (m) 15,000,000 Well Score International Limited 51% 49% (n) 10,000,000 100% 7. (a) (i) (ii) 10% (b) VI-5

155,029,633 10% B. 1. (a) 13,000 300905689) (b) Best PartnersJoy Bright 200,000,000 (c) 3,500,00010% (d) ML GCRE Best PartnersJoy BrightJoy Bright Jingyang LimitedJoy Bright Kulun LimitedJoy Bright Jianguo Limited (e) Best Partners Joy BrightJoy Bright Jingyang LimitedJoy Bright Kulun LimitedJoy Bright Jianguo Limited (f) CMTF Private Equity OneCMTF SPCCMTF Private Equity Two Segregated Portfolio 0.301011318,000,001.04CMTF Private Equity OneCMTF SPC43,187,75016,610,673 (g) CMTF Private Equity OneCMTF SPC CMTF Private Equity Two Segregated PortfolioBest PartnersJoy BrightJoy Bright Jingyang LimitedJoy Bright Kulun LimitedJoy Bright Jianguo Limited (h) CMTF Private Equity OneCMTF SPC CMTF Private Equity Two Segregated PortfolioInvestor Investments Asia Limited Investor Group Asia L.P.Best PartnersJoy Bright Joy Bright Jingyang LimitedJoy Bright Kulun LimitedJoy Bright Jianguo Limited VI-7

(i) (j) BaytreeGE CapitalIntel Capital Greater ChinaFuture Choice Best PartnersJoy BrightJoy Bright Kulun Limited BaytreeGE CapitalIntel CapitalGreater ChinaFuture Choice46,000,000123,964,076 Greater China2,500,0006,661,838Baytree 11,000,000 Baytree 11,500,000 CMTF Private Equity OneCMTF SPC CMTF Private Equity Two Segregated PortfolioInvestor Investments Asia Limited Investor Group Asia L.P.BaytreeGE CapitalIntel CapitalGreater ChinaFuture ChoiceJoy Bright Kulun LimitedBest PartnersJoy BrightJoy Bright Jingyang LimitedJoy Bright Jianguo Limited (k) Joy Bright Kulun LimitedGE CapitalGE Transportation Systems (China) Co., Ltd. (l) Joy Bright Kulun LimitedBaytree Joy Bright Kulun Limited Baytree Baytree 11,500,000 (m) Joy Bright Kulun LimitedBaytree Baytree Baytree Joy Bright Kulun Limited (n) Joy Bright Kulun LimitedGE Capital GE Capital GE Capital Joy Bright Kulun Limited (o) Joy Bright Kulun LimitedIntel Capital Intel Capital Intel Capital Joy Bright Kulun Limited (p) Joy Bright Kulun LimitedGreater China Greater China Greater China Joy Bright Kulun Limited (q) Joy Bright Kulun LimitedFuture Choice Future Choice VI-8

Future Choice Joy Bright Kulun Limited (r) (s) (t) Baytree Baytree 11.5 (u) Future Choice Future Choice5 (v) 2. (a) 300905689 9 5357124 38 5357126 42 3084045 9 6737277 9 VI-9

(b) www.its.cn www.rhytech.com.cn www.aproud.com www.vroad.com.cn (c) V1.0 V1.0 2007 SR11459 2007 SR11460 V1.0 2007 SR11461 V1.0 2007 SR11462 2007 V1.0 SR11463 2007 V2.0 SR12196 2007 SR12197 V2.0 V2.0 V1.0 V1.0 V1.0 ITMS GIS V1.0 V1.0 V2.1.0 V1.1.0 V1.8 2007 SR12198 2007 SR12136 2007 SR12137 2007 SR12138 2007 SR12135 2007 SR12134 2007 SR13045 2007 SR12656 2007 SR09932 DGY-2009-1244 DGY-2009-1248 DGY-2009-1240 DGY-2009-1243 DGY-2009-1241 DGY-2009-1239 DGY-2009-1246 DGY-2009-1247 DGY-2009-1245 DGY-2009-1242 DGY-2009-1249 DGY-2009-0182 DGY-2007-0856 VI-10

ZDS DM V1.8 ZDS IM V1.8 ZDS OP V1.8 ZDS SP V1.8 ZDS VR V1.8 V2.3 V1.0 V2.0 V1.0 V2.0 V2.0 V3.0 2008 SR22862 2008 SR24689 2008 SR24611 2008 SR24608 2008 SR24609 2008 SR12734 2007 SRBJ1076 2008 SR27151 2008 SR27155 2008 SR27150 2008 SR27154 2008 SR27152 V2.0 2008 SR27153 2008 V2.1 SR26708 V1.2 V2.0 V3.2 V1.1 V2.0 2008 SR26710 2008 SR27158 2008 SR27159 2008 SR27160 2008 SR27161 DGY-2008-0971 DGY-2007-0991 VI-11

V1.6 MPEG 2 V1.0 V1.0 H.264 V1.0 2008 SR27162 2008 SR27172 2008 SR26709 2008 SR27232 V1.0 2008 SR27231 MPEG 2 2008 V1.0 SR27284 6000 V2.0 2008 SRBJ22328 6000 2007 V3.0 SRBJ1715 WindowsV1.0 H.264 V1.0 ONU V1.0 ONU V1.0 ONU V1.0 ONU V1.0 AID V1.0 V1.0 AID V1.0 AID V1.0 V1.0 V2.0 2008 SR27173 2008 SR27285 2007 SRBJ2297 2007 SRBJ2436 2007 SRBJ2473 2008 SRBJ2579 2008 SR01418 2008 SR01416 2008 SR01421 2008 SR01419 2008 SR27171 2008 SR27167 DGY-2007-0822 DGY-2007-0821 DGY-2007-0990 DGY-2007-1063 DGY-2007-1062 DGY-2007-0989 VI-12

V2.0 V1.0 V2.1 V1.0 web V2.0 V1.0 Vroad V1.0 Vroad V1.0 2008 SR27235 2008 SR27234 2008 SR27233 2008 SR27168 2008 SR26552 2010 SR021838 2010 SR021836 2010 SR025148 VI-13

C. 1. (a) Baytree XV XV78 352 (i) (1) Fino Trust 708,753,383 45.72% (2) Tesco Trust 708,753,383 45.72% (3) Binks Trust 708,753,383 45.72% (1) Best PartnersBest Partners83%Fino Investments LimitedCredit Suisse Trust LimitedCredit Suisse Trust LimitedFino Trust Fino Trust Fino Trust 708,753,383 (2) Best PartnersBest Partners17%Tesco Investments LimitedCredit Suisse Trust LimitedCredit Suisse Trust LimitedTesco TrustTesco Trust Tesco Trust 708,753,383 (3) Joy Bright Joy Bright 60.3960%39.6040% Gouver Investments Limited Rockyjing Investment Limited Gouver Investments Limited Rockyjing Investment Limited Binks Investments LimitedSinatra Investments Limited)Binks Investments Limited Binks TrustBinks Trust Binks Trust 708,753,383 VI-14

(ii) 11,350,000 0.73% 4,662,105 0.30% (b) (c) 2.48.53.7 2.2 VI-15

2. (a) 2.85 XV23 (1) (1)... 708,753,383 45.72% Joy Bright (2).................... 708,753,383 45.72% Gouver Investments Limited (2)(4).... 708,753,383 45.72% Rockyjing Investment Limited (2)(4)... 708,753,383 45.72% Best Partners (3).................. 708,753,383 45.72% Fino Investments Limited (5)........ 708,753,383 45.72% Tesco Investments Limited (6)....... 708,753,383 45.72% Binks Investments Limited (4)....... 936,211,378 60.39% Credit Suisse Trust Limited (4)(5)(6).... 936,211,378 60.39% Huaxin Investments (4)............. 227,457,995 14.67% Baytree (7)...................... 176,673,684 11.40% (1) 27.1806%72.8194%Joy Bright Best Partners (2) Joy Bright 60.3960%39.6040% Gouver Investments Limited Rockyjing Investment Limited (3) Best Partners Development Limited 83%17% Fino Investments Limited Tesco Investments Limited (4) Huaxin InvestmentsGouver Investments Limited Rockyjing Investment Limited Binks Investments Limited Binks Investments Limited Serangoon Limited Seletar Limited Credit Suisse Trust Limited Credit Suisse Trust Limited Binks Trust Binks Trust (5) Fino Investments Limited Serangoon Limited Seletar Limtied Credit Suisse Trust Limited Credit Suisse Trust Limited Fino Trust Fino Trust (6) Tesco Investments Limited Serangoon Limited Seletar Limtied Credit Suisse Trust Limited Credit Suisse Trust Limited Tesco Trust Tesco Trust (7) (x)baytree (y) (z) BaytreeFuture Choice(x) Baytree Baytree Baytree VI-16

Baytree (b) 10% 49% 49% 49% 3. 4. (a) XV78 352 (b) (c) (d) (e) XV23 10% VI-17

(f) (g) 5% (h) D. 1. (a) 17 (b) (i) (ii) (b) (f) (i) (ii) (iii) 1.00 VI-18

(r) (e) 1% 1% (i) 17.02(2)(d)17.02(4) (ii) (aa) (bb) (cc) (dd) (c) (ee) (ff) (gg) (hh) (c) (f) (r) (i) (ii) (iii) VI-20

(g) (i) 0.1% (ii) 5 (i) (ii) (iii) 17.02(2)(c)(d)17.02(4) (iv) 2.17 (h) (i) (ii) (iii) 60 VI-21

(iv) 30 (i) (j) 10 1010 10 (k) (l) (i) (m) (ii) 12 (m) (n) 14 VI-22

(o) (p) (q) (r) 17.03(13) VI-23

(s) (i) (ii) (l)(m)(n)(o)(p) (iii) (p) (iv) (o) (v) (vi) (i)(u) (t) (i) 17.03 (ii) 17 (u) (i) (m) VI-24

(v) (w) (x) (i) (ii) (iii) (x) (i) (ii) (iii) (y) (z) 155,029,633 VI-25

2. (a) (i) (ii) (ii) (iv) (1) (2) 1.00 (iii) 10%116,653,105 (iv) (xiii) 1 0.60 2A 2.00 2B 2.00 3A 3.00 3B 3.00 4A 4.00 4B 4.00 VI-26

(v) 49.87%8.35% 10.07(1)(a) (vi) (viii)(ix)(x)(xi) (viii) (vii) (viii) (xiv(3) 12 (x)(xi) (x)(xi) (ix) (A) (xiv(3) VI-27

(B) (xiv(3) (x)(xi) (x)(xi) (x) (xi) VI-28

(xii) (xiii) (xiv) (1) (2) (3) (4) (i)(aa) (bb) (cc) VI-29

(ii)(i)(aa)(cc) (5) (vii) (xv) (xvi) (xvii) (xviii) (xix) VI-30

(b) 116,653,105 7.52% 1152 113 34,817,105 2.24% 2 IA27I10 VI-31

25209 11,350,000 0.73% 3,518,500 1,305,250 1,305,250 1,305,250 1,305,250 1,305,250 1,305,250 51 17 4,662,105 0.30% 1,445,253 536,142 536,142 536,142 536,142 536,142 536,142 5B 1309 9,332,000 0.60% 2,892,920 1,073,180 1,073,180 1,073,180 1,073,180 1,073,180 1,073,180 10 22101 1,773,000 0.11% 549,630 203,895 203,895 203,895 203,895 203,895 203,895 3 2606 6,400,000 0.41% 1,984,000 736,000 736,000 736,000 736,000 736,000 736,000 26 62 121503 1,300,000 0.08% 637,000 110,500 110,500 110,500 110,500 110,500 110,500 34,817,105 11,027,303 3,964,967 3,964,967 3,964,967 3,964,967 3,964,967 3,964,967 3,978,000 0.26% 1,949,220 338,130 338,130 338,130 338,130 338,130 338,130 VI-32

146-1-432 3,410,000 0.22% 1,670,900 289,850 289,850 289,850 289,850 289,850 289,850 19-2-38 3,000,000 0.19% 3,000,000 9 3106 2,842,000 0.18% 1,392,580 241,570 241,570 241,570 241,570 241,570 241,570 3 4 2,270,000 0.15% 1,112,300 192,950 192,950 192,950 192,950 192,950 192,950 ) 25 2,100,000 0.14% 2,100,000 366251204 2,080,000 0.13% 1,019,200 176,800 176,800 176,800 176,800 176,800 176,800 1,000,001 2,000,000 25 35,374,000 2.28% 19,642,410 2,621,932 2,621,932 2,621,932 2,621,932 2,621,932 2,621,930 500,001 1,000,000 20 13,516,000 0.91% 7,291,840 1,137,360 1,137,360 1,137,360 1,137,360 1,137,360 1,137,360 500,000 57 12,666,000 0.82% 7,964,640 783,560 783,560 783,560 783,560 783,560 783,560 116,653,105 58,170,393 9,747,119 9,747,119 9,747,119 9,747,119 9,747,119 9,747,117 VI-33

(i)1a27(ii) 342A I10(d) 20 (a) 2,000,000 I10(d)1A27 (b) (i) (ii) (iii) (iv) (c) (d) (a) 1A27 I10 342A (a) VI-34

2,000,000 I10 (b) (a) (i) (ii) (iii) (iv) (c) (a) I10 (d) (c) Hull-White.................................................. 1.37 1.37 1.37 1.37 1.37 1.37 1.37....... 0.60 2.00 2.00 3.00 3.00 4.00 4.00 %......... 1.80 2.13 2.21 2.28 2.40 2.52 2.67 %............. 0.00 0.00 0.00 0.00 0.00 0.00 0.00............. 5.00 7.00 7.50 8.01 8.50 9.01 9.50............. 2.00 2.50 3.00 3.50 4.00 4.50 %........... 58.9 55.3 54.8 54.1 53.5 53.0 53.0........... 2.0 2.0 2.0 2.0 2.0 2.0 2.0 %....... 2.0 2.0 2.0 2.0 2.0 2.0 2.0....... 0.77 0.54 0.57 0.48 0.50 0.45 0.47 3. (2)(i) 111 35(ii) VI-35

(iii) (iv) 4. 5. 6. 50,000 7. 8. (a) 0.1% (b) (c) VI-36

9. OC&C Strategy Consultants Conyers Dill & Pearman 1 46 1 6 1 46 10. OC&C Strategy Consultants Conyers Dill & Pearman 11. (a) (i) (ii) (iii) (iv) (v) VI-37

(b) (c) (d) 12 (e) Butterfield Fulcrum Group (Cayman) Limited (f) (g) 12..... 88 34 31,837,219 Baring Private Equity Asia Group Investments Limited.......... P.O. Box 957 Offshore Incorporations Centre Road Town, Tortola British Virgin Islands 5,000,000 36,837,219 13. 44A44B 14. 32L 4 VI-38

(a) (b) (c) (d) 14 839 (a) (b) (c) (d) (e) (f) (g) Conyers Dill & Pearman (h) (i) (j) (k) (l) OC&C Strategy Consultants (m) (n) (o) 10 A27 (p) VII-1