Annual Report 年報 2015 2015 Annual Report 年報 2015

02 03 04 06 18 29 44 48 50 51 52 53 54 56 110

02

Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House 24 Shedden Road, George Town Grand Cayman KY1-1110 Cayman Islands 183 22 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 61 65 15 1502 1006 http://www.chinacornoil.com/ 03

0.1%2,782,400,000 2,778,900,0005.5% 259,892 (i)(ii)(iii) 17.6% 1020 (i) (ii) (iii) 04

! 05

(i) (iii) (iii) 0.1%2,782,400,000 2,778,900,000 (i)(ii)(iii) 2,075,700,000454,400,000 252,300,000 1,825,600,000538,400,000415,000,00074.6% 16.3% 9.1%65.7% 19.4% 14.9% 99.9% 0.1% 0.1%3,478,000 2,782,400,000 06

% % 2,075,672 74.6% 1,825,568 65.7% 454,407 16.3% 538,353 19.4% 252,347 9.1% 415,027 14.9% 2,782,426 100% 2,778,948 100% 5.5% 259,892 % % 172,837 66.5% 154,095 62.5% 25,198 9.7% 14,253 5.8% 198,035 76.2% 168,348 68.3% 49,760 19.1% 77,623 31.5% 12,097 4.7% 443 0.2% 61,857 23.8% 78,066 31.7% 259,892 100% 246,414 100% 236,313 230,291 13.7% 250,100,00015.6% 83,900,000 07

17.6% 198,03512.2% 172,837 76.8% 25,198 20.8% 61,857 35.9% 49,760 2.61% 236,313 39.2%252,300,000 1.9%545,900,000 19.6% 08

% % 479,325 87.8% 494,189 88.8% 91,216 16.7% 55,706 10.0% 570,541 104.5% 549,895 98.8% 21,508 3.9% 23,446 4.2% 3,894 0.7% 174 0.0% 25,402 4.6% 23,620 4.2% (50,004) (9.1)% (17,083) (3.0)% 545,939 100% 556,432 100% 27.2% 30.2% 29.0% 29.2% 27.5% 30.1% 5.8% 4.4% 4.7% 5.9% 5.6% 4.4% (19.8%) (4.1%) 19.6% 20.0% 09

10,192 7,419 10,608 7,401 12,465 8,845 13,398 9,490 7,479 7,046 6,897 6,595 6,801 6,479 9,074 8,542 3.8%570,500,000 27.5%3.9% 7.5%25,400,000 8.4% 5.6% 2015 19.8% 0.63%2,236,500,000 89.8% 89.9% 10

6.2%79,900,000 85,200,000 29,200,000 39,900,000 36,900,000 26,300,00035,000 52,00011,900,000 5,100,000 249,200,000 251,200,000 31,800,000 40,100,000 68,800,000 76,900,00068,400,000 40,700,00066,400,000 77,200,000 1,457 1,397 8,100,000 27,700,00010,800,000 536 33.3%87,700,000 65,800,00012,200,000 (i)21,300,000 16,900,000 (ii) 10,600,000 14,000,000 (iii)14,500,000 11,000,000(iv) 4,100,000 3,900,000 11

271,500,000 309,300,00012.2%37,800,000 12,200,000 5,300,0009,700,000 266,300,00020.8% 210,800,000 2015 17,700,000 7.6%9.6% 36.8 46.4 13,500,000 53,900,000 15.4% 469,700,000 407,100,000 134,700,000 80,200,000 (i)76,700,000 31,500,000 (ii)32,000,000 45,600,0002015 12

2015 1. 13

2. E13,800 ppm 8,000 ppm 3. 1,457 157 170,000 14

57,356,000573,560,0000.1 207,600,000 531,200,000 9.1% 24.5% 3.42.3 207,600,000 531,200,000948,700,000 1,242,900,000 15

12,200,000 45,000,000 10,400,000 27,800,000 2,300,0003,000,000 4,635 4,472 112,200,000116,900,000 6 26 25,000,000 16

1020 17

14 A.2.1 10 18

44 47 19

4/4 4/4 4/4 4/4 4/4 4/4 4/4 4/4 4/4 20

2/2 2/2 2/2 2/2 2/2 2/2 0/2 2/2 0/2 A.6.5 21

3.13 22

1/1 1/1 1/1 1/1 23

B.1.2(c)(ii) 1/1 1/1 1/1 1/1 13(a) 29(b) 24

200,001300,000 1 300,001400,000 1 400,001500,000 1 2/2 2/2 2/2 25

1 1,600 2 370 1,970 1. 2. 26

3.29 13.39(4) 27

28

35(a) 50 109 1020 18322 29

30

62216 571 (i)(ii) (iii) 31

25 721,295,000 648,373,000 32

84(1) 3.13 33

(1) 10% 50,000,000 30% (2) 12 1% (3) (i) (ii) (iii) (4) 10 (5) 1.00 (6) 34

5.4 400,000 (400,000) 5.4 400,000 (400,000) 5.4 400,000 (400,000) 5.4 400,000 (400,000) 5.4 400,000 (400,000) 5.4 400,000 (400,000) 5.4 400,000 (400,000) 5.4 400,000 (400,000) 5.4 400,000 (400,000) 5.4 400,000 (400,000) 4,000,000 (4,000,000) 1. 2. 5.41 3. 35

4,000,000 36

470 391(1)(a) XV 7 8 352 1. 299,037,249 52.14% 5,996,000 1.05% 299,037,249 52.14% 299,037,249 52.14% SanXing Trade Co., Ltd. Sanxing Trade274,037,24925,000,000 Sanxing Trade 24.4% 24.8% 24.4% 25,000,000 37

2. 24.4% 24.4% Sanxing Trade 24.4% 24.8% 24.8% Sanxing Trade 24.8% 24.4% 24.4% Sanxing Trade 24.4% 352 38

336 Sanxing Trade1 299,037,249 52.14% 1 299,037,249 52.14% 1 299,037,249 52.14% 64,168,881 11.19% Munsun Assets Management Ltd 45,543,119 7.94% 2 30,000,000 4.36% 1. 299,037,249Sanxing Trade25,000,000 Sanxing Trade 299,037,249 2. 45,543,119 30,000,000Munsun Financial Investment Fund LP1,088,000 Munsun Umbrella Trust- Munsun Financial II Fund3,082,000 Munsun China Growth Fund 1,113,119 Munsun China Opportunity Investment Fund20,365,000 10,105,000Munsun Absolute FundMunsun Assets Management (Asia) Ltd Munsun AsiaMunsun Asia Munsun Assets Management Ltd Munsun Management Munsun Management45,543,119 30,000,000 336 10 39

14A 14A (1) ( )24.4% 24.8% 24.4% (2) ( ) SanXing Trade Co., Ltd. SanXing Trade Co., Ltd. 46.91% (3) 14A.76(1) 14A 10 40

14A 1. 55,700,000 50,561,015 2. 420,000,000 350,786,686 1. 2. 3. 3000740 14A.56 41

14A 29 14.7% 38.2%17.8% 5% 18 28 42

43

52 SanXing Trade Co., Ltd. Sanxing Trade Corn Industry Investment Co., Ltd. Chinese Career Manager Coalition) China Association for Quality Inspection) 57 44 44

38 33 51 45

51 921 1812 325 600102 50 77 46

41Corn Oil Luxembourg 39 32 44 47

50 109 48

P04743 49

7 2,782,426 2,778,948 (2,236,487) (2,222,516) 545,939 556,432 7 79,893 85,180 (249,158) (251,204) (87,689) (65,789) (367) (387) 8 288,618 324,232 9 (17,095) (14,897) 271,523 309,335 10 (60,752) (43,056) 210,771 266,279 12 36.75 46.43 46.34 50

210,771 266,279 (1,610) 38 (1,610) 38 209,161 266,317 51

14 795,875 793,338 15 169,720 139,102 16 62,762 62,762 21 45,000 19 13,530 53,895 1,041,887 1,094,097 17 198,492 206,480 18 469,705 407,131 19 134,683 80,243 20 2,985 3,651 21 948,727 1,197,903 1,754,592 1,895,408 22 87,864 58,188 23 174,586 205,310 18,768 17,689 20 6,776 6,203 24 207,569 531,173 16,031 4,452 511,594 823,015 1,242,998 1,072,393 2,284,885 2,166,490 25 50,109 50,109 26 2,234,776 2,116,381 2,284,885 2,166,490 52

* * * * * * * * 26(i) 26(ii) 26(iii) 50,109 621,583 6,064 126,779 53,941 69,131 1,771 67,790 970,795 1,967,963 (67,790) (67,790) (90,766) 90,766 (90,766) 22,976 (67,790) 266,279 266,279 38 38 38 266,279 266,317 32,200 (32,200) 50,109 530,817 6,064 158,979 53,941 69,131 1,809 90,766 1,204,874 2,166,490 (90,766) (90,766) 48,024 (48,024) (42,742) (48,024) (90,766) 210,771 210,771 (1,610) (1,610) (1,610) 210,771 209,161 (6,064) 6,064 28,845 (28,845) 50,109 530,817 187,824 53,941 69,131 199 48,024 1,344,840 2,284,885 * 2,234,776,000 2,116,381,000 53

271,523 309,335 7 (36,927) (26,291) 9 17,095 14,897 8 70,657 71,650 8 3,372 2,644 8 224 10,289 336,233 372,235 7,988 111,040 (62,574) (103,847) (46,497) 49,507 29,676 26,521 (30,724) 13,630 234,102 469,086 (49,173) (50,215) 184,929 418,871 28,984 17,954 30 (82,684) 34 (59,464) (108,836) 45,000 (2,800) (200,000) 34 (15,171) 666 (3,296) 34 (7,592) (11,729) 13 (192,393) (206,562) 54

(17,095) (14,897) 573 (4,626) 40,109 531,173 (372,923) (41,466) (90,766) (50,101) (440,102) 420,083 (447,566) 632,392 1,197,903 565,473 (1,610) 38 21 748,727 1,197,903 55

1. Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands 35(a) 2. 2.1 19 622 56

2. 2.2 1 1 1 2 16 1 38 7 2 9 3 15 2 16 4 1 2 3 4 9 9 9 39 939 9 39 57

2. 2.2 15 15 18 11 15 15 16 16 17 416 58

3. 3.1 3.2 3.3 4. 4.1 59

4. 4.2 4.3 4.16 60

4. 4.4 20 10 3 5 4 5 61

4. 4.5 4.6 (a) 62

4. 4.6 (b). 63

4. 4.6 (c) (d) (e) (f) 39 64

4. 4.7 4.5 4.8 4.9 4.10 (i) (ii) (iii) 65

4. 4.11 4.12 (a) (b) 66

4. 4.12 (a) (b) (i) (ii) 4.13 67

4. 4.14 (a) (b) 4.15 68

4. 4.16 4.3 4.17 69

4. 4.18 4.19 70

4. 4.20 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) (i) (ii) (iii) 4.21 71

5. 4 (i) (ii) (iii) (iv) 72

5. (v) 6. (i) (ii) (iii) 73

6. 372,133 1,761,584 396,362 252,347 2,782,426 372,133 1,761,584 396,362 252,347 2,782,426 21,508 479,325 95,110 (50,004) 545,939 9,904 35,981 8,465 8,496 62,846 535,388 1,634,610 193,923 415,027 2,778,948 535,388 1,634,610 193,923 415,027 2,778,948 23,446 494,189 55,880 (17,083) 556,432 13,898 30,960 3,747 11,730 60,335 74

6. 545,939 556,432 79,893 85,180 (249,158) (251,204) (87,689) (65,789) (367) (387) (17,095) (14,897) 271,523 309,335 2,782,426 2,777,471 1,477 2,782,426 2,778,948 75

7. 2,782,426 2,778,948 36,927 26,291 29,192 39,851 35 52 121 86 * 11,933 5,095 1,685 13,805 79,893 85,180 * 76

8. 1,303 1,224 2,236,487 1,998,411 * 70,657 71,650 ** 3,372 2,644 224 21,061 2,912 1,875 1,805 1,284 983 105,868 112,276 ^ 6,408 4,631 112,276 116,907 * 62,846,000 60,335,000 7,811,000 11,315,000 ** ^ 9. 17,095 14,897 77

10. 60,752 43,056 15% 15% 83,657,000 62,050,000 1,282,007,000 1,131,730,000 78

10. 271,523 309,335 55,172 54,390 6,426 2,552 (846) * (13,886) 60,752 43,056 * 11. 10 20 79

12. 210,771 266,279 573,560,000 573,560,000 1,122,000 573,560,000 574,682,000 80

13. (a) 508 508 508 508 508 508 170 9 179 496 496 342 342 2,532 9 2,541 50 50 170 170 50 50 270 270 270 2,532 9 2,811 81

13. (a) 508 508 508 508 508 508 203 9 212 500 500 344 344 2,571 9 2,580 50 50 170 170 50 50 270 270 270 2,571 9 2,850 82

13. (b) 1,000,000 411 353 8 9 419 362 14. 383,991 519,592 16,050 1,754 35,075 956,462 (49,924) (153,933) (9,545) (393) (213,795) 334,067 365,659 6,505 1,361 35,075 742,667 334,067 365,659 6,505 1,361 35,075 742,667 30 2 100 102 30,357 21,035 1,077 6 69,744 122,219 36,000 3,701 (39,701) (19,101) (49,135) (2,989) (425) (71,650) 381,323 341,260 4,595 1,042 65,118 793,338 83

14. 450,348 544,328 17,101 2,033 65,118 1,078,928 (69,025) (203,068) (12,506) (991) (285,590) 381,323 341,260 4,595 1,042 65,118 793,338 381,323 341,260 4,595 1,042 65,118 793,338 13,106 24,144 926 85 35,170 73,431 74,717 20,140 (94,857) (104) (86) (47) (237) (20,337) (47,757) (2,213) (350) (70,657) 448,705 337,701 3,261 777 5,431 795,875 538,067 588,526 17,950 2,118 5,431 1,152,092 (89,362) (250,825) (14,689) (1,341) (356,217) 448,705 337,701 3,261 777 5,431 795,875 194,612,000 196,220,000 84

15. 131,734 (5,159) 126,575 126,575 15,171 (2,644) 139,102 146,905 (7,803) 139,102 139,102 33,990 (3,372) 169,720 180,895 (11,175) 169,720 85

16. 62,762 30 62,762 62,762 62,762 3% 5%13.6% 14.3% 86

17. 51,274 92,476 13,082 23,712 134,136 90,292 198,492 206,480 18. 465,615 407,131 4,090 469,705 407,131 45 180 60 270,501 243,936 61 90 65,829 67,308 91 180 89,003 78,196 181 365 28,701 16,371 365 15,671 1,320 469,705 407,131 87

18. 406,052 357,423 3 48,589 40,653 36 9,518 8,288 6 12 5,546 767 469,705 407,131 19. 102,703 34,607 31,980 45,636 13,530 53,895 148,213 134,138 (134,683) (80,243) 13,530 53,895 88

20. (i) 58 72 4 18 6 (ii) 4 24 23 23 (iii) 1,903 1,903 1,899 1,899 (iii) 812 812 5,831 326 (iii) 953 953 936 936 (iii) 67 1,791 2,985 3,651 355 (i) (ii) (iii) 89

21. 45,000 298,727 527,903 650,000 670,000 948,727 1,197,903 (200,000) 748,727 1,197,903 24 4.68%36 3.46% 3.23% 918,964,000 1,222,393,000 90

22. 30 64,480 34,533 31 60 8,190 8,661 61 90 5,001 5,743 91 180 5,062 4,821 181 365 3,002 2,175 365 2,129 2,255 87,864 58,188 23. 33,855 74,030 99,452 99,979 41,279 31,301 174,586 205,310 91

24. (i) 43,173 (ii) 167,460 488,000 40,109 207,569 531,173 +2.20% +2.20% +2.80% +2.95% 3.60% 167,460 250,315 115,188 165,670 167,460 531,173 40,109 207,569 531,173 (i) 45,000,000 21 92

24. (ii) 200,000,000 158,250,000 45,000,000 21 25. 0.10 9,000,000,000 900,000 0.10 573,560,000 57,356 50,109 93

26. 53 (i) 10% 50% (ii) (iii) (a)(b) 94

27. 25,000,0000.10 (i) 50% (ii) 800,000 (800,000) 5.40 800,000 (800,000) 5.40 800,000 (800,000) 5.40 800,000 (800,000) 5.40 800,000 (800,000) 5.40 4,000,000 (4,000,000) 800,000 800,000 5.40 800,000 800,000 5.40 800,000 800,000 5.40 800,000 800,000 5.40 800,000 800,000 5.40 4,000,000 4,000,000 95

27. 5.40 4.4 5.4 28. 1,223 1,536 1,033 1,422 2,256 2,958 10,403 27,759 96

29. (a) 1 (i) 1,860 862 350,787 (i) 54 (i) 50,561 45,506 (i) 3,342 (i) 2,616 833 (i) (ii) (b) 3,819 3,469 97

30. China Edible Oil Company Limited Edible Oil Edible Oil160,000,000126,898,000 Edible Oil 100% 126,898 (64,136) 16 62,762 Edible Oil 102 33,990 7,431 24,999 877 (3,263) 64,136 98

30. (126,898) 43,337 877 (82,684) 24,999,00024,999,000 62,762,000 Edible Oil23,565,000 2,255,000 2,821,150,000263,250,000 31. 63,783,000 49,120,000 99

32. (a) 469,705 407,131 31,980 45,636 2,985 3,651 45,000 948,727 1,197,903 1,453,397 1,699,321 87,864 58,188 100,792 101,206 18,768 17,689 6,776 6,203 207,569 531,173 421,769 714,459 100

32. (b) 24 21 (i) % % 0.31% 0.34% 287,312 525,715 3.00% 3.01% 167,460 531,173 3.46% 3.23% 650,000 670,000 4.68% 45,000 3.6% 40,109 101

32. (b) (ii) +25 25+/ 25 +25 25 +25 25 (51) 51 (207) 207 (c) 102

32. (d) (i) 573 552 12,027 6 17,730 13,140 7 7,362 12,600 6 17,730 13,692 7 7,362 2,864 13,245 18,768 17,689 191,681 15,888 201,423 329,750 213,313 15,888 232,357 329,750 (ii) 1% 1% 103

32. (d) (ii) 1,765 (177) 2,187 3,224 (e) 104

32. (e) 24(ii) 87,864 58,188 100,792 101,206 18,768 17,689 6,776 6,203 207,569 531,173 421,769 714,459 24 168,297 261,919 122,646 165,818 168,297 550,383 105

32. (f) 33. 207,569 531,173 2,284,885 2,166,490 9.1% 24.5% 34. 13,967,000 12,408,000 33,990,000 106

35. 271,043 (a) 978,835 938,961 978,835 1,210,004 573 552 44,256 29,502 19,720 30,075 64,528 2,864 13,245 18,768 17,689 8,305 7,879 207,569 531,173 237,506 569,986 (207,431) (505,458) 771,404 704,546 50,109 50,109 (b) 721,295 654,437 771,404 704,546 107

35. (a) Corn Industry Investment Co., Ltd. 59,7011 100% Edible Oil* 11 100% 127,000,000 100% 10,000,000 100% 10,000,000 100% 40,876,430 100% * 12,000,000 100% * 30 108

35. (b) 621,583 6,064 95,267 67,790 (61,507) 729,197 (67,790) (67,790) (90,766) 90,766 (90,766) 22,976 (67,790) (6,970) (6,970) (6,970) (6,970) 530,817 6,064 95,267 90,766 (68,477) 654,437 (90,766) (90,766) 48,024 (48,024) (42,742) (48,024) (90,766) 157,624 157,624 157,624 157,624 (6,064) 6,064 530,817 95,267 48,024 47,187 721,295 109

2,782,426 2,778,948 2,930,268 2,704,175 2,057,587 (2,236,487) (2,222,516) (2,333,727) (2,167,048) (1,676,178) 545,939 556,432 596,541 537,127 381,409 79,893 85,180 80,767 54,204 46,426 (249,158) (251,204) (279,381) (216,254) (155,591) (87,689) (65,789) (58,155) (55,597) (58,108) (26,248) (367) (387) (2,606) (1,477) (954) (17,095) (14,897) (488) (876) 271,253 309,335 336,678 291,755 212,306 (60,752) (43,056) (66,371) (87,496) (35,475) 210,771 266,279 270,307 204,259 176,831 2,796,479 2,989,505 2,250,978 1,724,383 1,545,636 (511,594) (823,015) (283,015) (196,383) (195,142) 2,284,885 2,166,490 1,967,963 1,528,000 1,350,494 110