Zhongsheng Group - Lifetime Partner 2011
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38 32 30 35 3504 12 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands Butterfield Fulcrum Group (Cayman) Limited Butterfield House 68 Fort Street P.O. Box 609 Grand Cayman KY1-1107 Cayman Islands 8 11 16 18 25 2
183 17 1712 1716 881 1 22 3
180,000 160,000 140,000 49.7% 160,717 120,000 100,187 100,000 80,000 61,463 60,000 40,000 20,000 31,977 41,349 0 50,000 45,000 41,903 40,000 35,000 46.5% 30,000 25,000 24,043 20,000 15,000 10,000 9,103 10,549 13,722 5,000 0 4
5,500 5,000 4,500 7.9% 4,000 7.4% 8.6% 9.5% 10.3% 4,308 % 11 10 9 8 3,500 7 3,000 2,500 2,293 6 5 2,000 1,500 1,000 721 777 1,179 4 3 2 500 1 0 0 1,600 1,417 1,400 1,200 1,000 800 49.5% 1,031 600 471 400 200 284 219 0 5
41,903.4 24,042.974% 1,643.11,082.452% 0.74 0.56 2011 50 16 60% 3.5 110%12.5 50% 5.2% 3 51,000 6
47% 34% 1,850 4S 4S 1810 24 14042 15 60 37 34 +3 9 8 +1 36 20 +16 26 18 +8 32 18 +14 140 98 +42 7
8
9
4S4S 98140 4S (2) (1) (5) (4) (34) (6) (11) (5) (1) (8) (20) (14) (12) (2) (15) 4S 4S 4S 10
3 41,903.417,860.5 74.3% 38,239.516,302.674.3% 3,663.91,557.974.0% 91.3%91.2% 19,155.5 8,210.350.1%37.4% 19,084.0 13,749.549.9%62.6% 29% 20% 42% 11% 37,595.2 15,845.072.8%35,651.0 14,976.672.4% 1,944.2868.480.7% 11
4,308.22,015.5 87.9% 2,588.51,326.1 105.0% 1,719.7689.466.9% 39.9% 44.9% 10.3%9.5% 6.8%5.8%46.9%48.9% 2,733.51,130.8 70.6% 6.5%6.7% 122.5 6.2% 1,643.1560.7 51.8%3.9%4.5% 122.5 4.0% 1,417.3 386.137.4% 4S4S 359.3 3,085.52,364.3361.9 12
3,420.3 1,727.1533.7 1,385.7 260.0 4,560.6 15,638.4 1,227.9 11,365.4 615.7 2,019.4 4S 3,453.084.8% 6,380.2 5,900.12,730.6 86.2% 44.9 37.6 37.644.9 10,046.5 3824 100% 14 4S 13
4S 180 16,079 814.4 4S 14
14 14 a) b) A. 1. 2. 15
3. 4. 16
84 5. 6. A.1.1 9 8/9 9/9 9/9 6/9 7/9 4/9 4/9 5/9 17
14 3 B. A.2.1 18
C. 1. 14B1 (i) (ii) (iii) (iv) 1 1/1 1/1 1/1 19
2. 3.21 14C3 3.10(2) 3.21 2 2/2 2/2 2/2 20
3. 1 1/1 1/1 1/1 4. 1 1/1 1/1 1/1 21
D. E. F. 3637 5,000,000 G. 22
H. www.zs-group.com.cn I. (i)(ii)(iii) J. K. L. 23
49 48 49 54 42 59 47 54 49 24 48 22 24
49 22 54 4S 42General Atlantic LLC General Atlantic LLCGeneral Atlantic LLC 1886 WX SFUN 59 33 25
47 1886 1011 0631 1733 2868 3833 0438 54 39 42 43 39 26
42 43 44 20 37 15 27
4S 4S 38123 0.16 305.4247.9 35 5,056.4247.9 124 28
103,000 14 28 2427 29
3.13 571XV(a)XV78 (b) 352(c) (%) 273,699,004 14.34 486,657,686 25.50 486,657,686 25.50 121,020,500 6.34 486,657,686 25.50 639,336,190 33.50 30
XV336 (%) General Atlantic Partners (Dalian), L.P. 1 125,756,769 6.59 GAP (Bermuda) Limited 1 155,648,919 8.16 Blue Natural Development Ltd. 2 1,247,014,376 65.34 Light Yield Ltd. 3 1,247,014,376 65.34 Vest Sun Ltd. 4 1,247,014,376 65.34 Mountain Bright Limited 5 1,247,014,376 65.34 RBC Trustees (CI) Limited 1,247,014,376 65.34 Vintage Star Limited 6 1,247,014,376 65.34 The Capital Group Companies, Inc. 95,593,000 5.01 31
1. General Atlantic Partners (Dalian), L.P.General Atlantic Partners (Bermuda), L.P. GAP LP GapStar, LLC GapStar GAP Coinvestments III, LLC GAPCO III GAP Coinvestments IV, LLC GAPCO IV GAP Coinvestments CDA, L.P. GAPCO CDA GAPCO GmbH & Co. KG GAPCO KG General Atlantic Partners (Dalian), L.P.GAP (Bermuda) Limited GAP Bermuda Limited GAP Bermuda Limited General Atlantic Genpar (Bermuda), L.P. GAP Bermuda GenParGAP Bermuda GenParGAP-W International, LP.27,020,993General Atlantic LLC GA LLC GAPCO III GAPCO IVGAPCO CDAGA LLC25GA LLCGAP Bermuda LimitedGAPCO III GAPCO IVGA LLC GapStar GA LLCGAPCO Management GmbH GmbH Management GAPCO KGGA LLC GAPCO KG GmbH Management 2. Light Yield Ltd. Vest Sun Ltd.Blue Natural Development Ltd.62.3% 37.7%Blue Natural Development Ltd. 3. Light Yield Ltd. Light Yield Ltd. 4. Vest Sun Ltd. Vest Sun Ltd. 5. RBC Trustees (CI) LimitedMountain Bright Limited 6. RBC Trustees (CI) LimitedVintage Star Limited 336 1,250,000,0004.75% 101% (1) (2) 40% (3) 15% (4) (5) (6) 32
Light Yield Ltd. Vest Sun Ltd. Blue Natural Development Ltd. Mountain Bright Limited, RBC Trustees (CI) Limited Vintage Star Limited 100% 20%14A 37(g)14A.45 9 31 33
1.00 10% 12 1% (a) (b) (c) 30% 19.2% 73.5% 5% 34
46 18317 1712 1716 35
38 123 36
37
5(a) 41,903,414 24,042,907 6(b) (37,595,170) (21,750,181) 4,308,244 2,292,726 5(b) 367,362 321,779 (1,325,790) (693,372) (616,267) (318,414) 2,733,549 1,602,719 7 (549,375) (226,917) 19 9,549 8,195 6 2,193,723 1,383,997 8 (550,637) (301,624) 1,643,086 1,082,373 13 1,417,279 1,031,190 225,807 51,183 1,643,086 1,082,373 12 0.74 0.56 12 0.74 0.56 11 38
1,643,086 1,082,373 (4,219) 2,981 5(b) (582) 492 (492) (59,601) (39,610) (63,910) (37,121) 1,579,176 1,045,252 13 1,353,369 994,069 225,807 51,183 1,579,176 1,045,252 39
14 3,886,831 1,788,709 15 1,084,623 700,650 16 861,837 703,785 17 2,241,290 1,382,349 18 1,697,884 790,947 19 44,525 46,894 20 132,928 178,294 32(b) 38,078 8,785 9,987,996 5,600,413 21 6,380,195 3,453,046 22 466,697 284,951 23 4,631,948 2,615,120 44(b)(i) 4,369 2,229 24 49,749 83,369 25 1,664,888 1,029,932 26 186,721 140,852 27 4,487,819 2,989,718 17,872,386 10,599,217 28 10,016,585 4,924,455 33 11,518 29 5,679,875 2,984,507 30 1,505,078 954,396 44(b)(ii) 2,096 10,026 32(a) 392,622 188,161 5,718 919 17,613,492 9,062,464 258,894 1,536,753 10,246,890 7,137,166 40
32(b) 706,439 422,597 33 1,232,693 28 29,945 1,969,077 422,597 8,277,813 6,714,569 35 168 168 36 6,844,136 5,742,660 11 247,929 192,765 7,092,233 5,935,593 1,185,580 778,976 8,277,813 6,714,569 41
* * * * * * * * 18,712 135,204 804,598 9,905 1,142,496 2,110,915 36,892 2,147,807 137 2,110,778 (2,110,915) 27 2,687,718 2,687,745 2,687,745 4 377,384 377,388 377,388 (154,665) (154,665) (154,665) 364 364 1,636 2,000 690,184 690,184 (80,223) (80,223) (80,223) (919) (919) (192,765) 192,765 18,398 84,120 (102,518) 2,489 (39,610) 1,031,190 994,069 51,183 1,045,252 168 5,021,215 37,110 219,324 (1,386,176) 2,489 (29,705) 1,878,403 192,765 5,935,593 778,976 6,714,569 26,500 26,500 (3,964) (3,964) 11,314 7,350 149,477 149,477 (6,494) (6,494) (192,765) (192,765) (192,765) (247,929) 247,929 126,334 (126,334) (4,309) (59,601) 1,417,279 1,353,369 225,807 1,579,176 168 4,773,286 37,110 345,658 (1,386,176) (3,964) (1,820) (89,306) 3,169,348 247,929 7,092,233 1,185,580 8,277,813 * 6,844,136,000 5,742,660,000 42
2,193,723 1,383,997 19(b) (9,549) (8,195) 14 256,204 109,508 15 18,251 9,223 17 86,054 34,306 6(c) (26) (485) 5(b) (35,901) (27,199) 5(b) 763 (69,685) 5(b) 533 (46,009) 7 549,375 226,917 5(b) (582) 5(b) 26,940 (4,066) 5(b) 2,783 (2,110) 5(b) (1,517) 5(b) (1,594) (299) (6,789) 3,085,457 1,599,114 (339,371) (647,003) (33,982) (96,310) (113,045) (135,817) (1,225,617) (627,021) (2,131,568) (1,763,407) 1,842,598 1,068,227 (353,175) (67,913) (2,140) (1,673) (7,930) (12,902) 721,227 (684,705) (361,878) (170,975) 359,349 (855,680) 43
(1,727,118) (627,251) 260,040 103,422 (533,660) (588,516) 54,465 6,289 (8,572) (5,455) 33,775 34,192 (131,258) (265,202) (1,385,685) (604,570) (68,941) 21,264 15,757 7,350 2,000 1,517 11,918 7,336 37,269 24,063 (206,541) 127,898 5,582 (211,957) (110,223) (3,420,300) (2,300,512) 15,638,367 10,423,312 (11,365,365) (7,943,442) (78,097) 26,500 (1,308) 2,910,468 33 1,227,873 (615,684) (238,425) 33 (29,688) (43,152) (7,400) (192,765) 4,560,589 5,150,605 1,499,638 1,994,413 2,989,718 1,030,960 (1,537) (35,655) 4,487,819 2,989,718 44
43 2,024,434 2,124,820 43 3,724,485 2,620,685 20 132,828 178,094 5,881,747 4,923,599 3,219 3,371 24 49,749 83,369 12,563 133,785 65,531 220,525 28 87,451 33 11,518 110 182 43 14,692 318 99,079 15,192 (33,548) 205,333 5,848,199 5,128,932 2,073 33 1,232,693 4,615,506 5,126,859 35 168 168 36 4,367,409 4,933,926 247,929 192,765 4,615,506 5,126,859 45
1. Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 30 35 3504 12 2.1 (i) (ii) (iii)(i)(ii) (iii) 46
2.2 1 24 32 14 19 1 7 32 14 24 31 27 (a) 24 24 44 (b) 3732 393 47
2.2 (b) 1 27 27 212831 27 2.3 1 1 1 7 7 1 7 7 4 9 6 10 4 11 4 12 4 13 4 1 1 3 12 12 2 19 4 27 4 28 4 4 20 32 32 5 1 2 3 4 5 6 48
2.3 9 39 39 9 399 39 939 39 9 10 1027 12 10 27 12 1131 13 1227 31 28 10 11 12 272810 11 122728 13 13 49
2.3 1 12 21 16 12 19 19 2.4 5 (a) (b) 50
2.4 (c) 20% (d) 39 20% 51
2.4 39 39 52
2.4 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) 53
2.4 10 20 5% 5 5 10 5% 5 5% 5 5% 54
2.4 3 5 20 40 15 20 20 44 2668 39 55
2.4 39 39 56
2.4 (a) (b) (a) (b) 57
2.4 58
2.4 39 59
2.4 60
2.4 61
2.4 (a) (b) (c) (d) (e) 62
2.4 5.61% 9.95% 63
3. 38,078,000 8,785,00032(b) 1,697,884,000 790,947,000 18 64
3. 4. 90% 90% 8 10% 8 65
5. (a) 38,239,543 21,936,868 3,663,871 2,106,039 41,903,414 24,042,907 (b) 234,254 113,614 28,704 18,225 10,957 782 35,901 27,199 7,481 4,783 (763) 69,685 (533) 46,009 6,789 299 1,594 582 (26,940) 4,066 (2,783) 2,110 1,517 77,391 28,218 367,362 321,779 66
6. (a) 9 657,221 399,516 104,004 55,318 53,180 27,966 814,405 482,800 (b) 35,650,976 20,674,431 1,944,194 1,075,750 37,595,170 21,750,181 (c) 256,204 109,508 18,251 9,223 86,054 34,306 5,000 5,000 76,250 33,325 105,161 83,796 113,751 64,375 67,116 36,821 205,172 73,787 (26) (485) 763 (69,685) 533 (582) 26,940 (4,066) 2,783 (2,110) (1,517) (1,594) (46,009) (6,789) (299) 67
7. 495,180 212,487 46,026 57,229 25,938 3,761 (52,821) (11,508) 549,375 226,917 8. (a) 566,138 297,200 201 1,924 32(b) (15,702) 2,500 550,637 301,624 6 16.5%16.5% 25% 25% 68
8. (b) 2,193,723 1,383,997 (25%) 548,431 345,999 13,994 3,564 (10,182) (28,494) (2,387) (2,049) (4,304) (17,396) 5,085 550,637 301,624 9. 161 624 648 10,857 8,173 177 155 11,034 8,328 11,658 8,976 69
9. (a) 208 216 208 216 208 216 624 648 (b) 5,070 59 5,129 2,160 10 2,170 1,820 48 1,868 1,807 60 1,867 10,857 177 11,034 3,158 51 3,209 2,251 10 2,261 1,385 39 1,424 1,379 55 1,434 8,173 155 8,328 70
10. 9 1,820 1,385 48 39 1,868 1,424 1,500,0012,000,000 1 2,000,0012,500,000 1 1 1 11. 0.160.13 0.12 247,929 192,765 12. 1,908,481,295 1,828,281,202 71
12. 1,417,279 1,031,190 1,908,481,295 1,828,281,202 0.74 0.56 0.74 0.56 13. 36,853,000 9,609,000 36 72
14. 1,182,703 170,108 162,645 137,623 416,422 156,259 2,225,760 (36) (10) (94) (140) 166,765 30,824 85,560 70,699 646,567 884,497 1,884,912 37 567,844 12,192 50,606 43,275 87,014 60,943 821,874 573,985 2,570 2,212 7,803 (586,570) (10,328) (1,788) (3,407) (3,017) (255,182) (273,722) 2,480,969 213,870 297,616 256,373 894,727 515,129 4,658,684 182,306 43,131 57,744 63,092 90,778 437,051 (25) (6) (49) (80) 71,785 25,306 19,006 28,077 112,030 256,204 37 73,112 2,891 17,087 22,899 24,582 140,571 (2,001) (317) (2,733) (1,380) (55,462) (61,893) 325,202 70,986 91,104 112,682 171,879 771,853 2,155,767 142,884 206,512 143,691 722,848 515,129 3,886,831 665,285 16,813 90,402 73,860 128,134 116,222 1,090,716 (26) (7) (64) (97) 43,157 14,881 31,045 35,688 222,239 289,161 636,171 272,684 143,759 41,424 33,521 124,725 7,171 623,284 252,047 3,756 463 (256,266) (50,470) (5,319) (1,672) (5,040) (58,097) (29) (120,627) (2,310) (862) (515) (3,687) 1,182,703 170,108 162,645 137,623 416,422 156,259 2,225,760 121,549 8,146 35,503 35,869 51,270 252,337 (3) (1) (10) (14) 42,045 8,269 10,396 15,240 33,558 109,508 30,489 26,773 14,836 16,425 25,248 113,771 (11,777) (54) (1,460) (4,038) (19,141) (36,470) (1,531) (403) (147) (2,081) 182,306 43,131 57,744 63,092 90,778 437,051 1,000,397 126,977 104,901 74,531 325,644 156,259 1,788,709 73
14. 1,485,236,000 550,211,000 249,980,000 89,734,000 28(b) 15. 736,902 447,579 134,512 222,719 37 276,835 82,547 (15,943) 1,148,249 736,902 36,252 24,680 18,251 9,223 37 9,123 3,547 (1,198) 63,626 36,252 1,084,623 700,650 74
15. 150,961,000 87,165,00028(b) 186,929,000 173,401,000 16. 98,077 15,005 424,553 350,277 83,942 33,101 255,265 305,402 861,837 703,785 75
17. 20,629 1,091,725 323,321 2,890 2,474 1,441,039 (18) (117) (135) 8,572 8,572 37 5,891 642,750 289,580 938,221 (1,186) (1,186) 33,888 1,734,475 612,901 2,890 2,357 2,386,511 7,006 41,390 10,197 40 57 58,690 (13) (5) (18) 4,183 50,478 31,095 206 92 86,054 37 1,148 1,148 (653) (653) 11,671 91,868 41,292 246 144 145,221 22,217 1,642,607 571,609 2,644 2,213 2,241,290 14,935 216,595 47,181 278,711 (14) (14) 2,981 2,474 5,455 2,786 876,280 276,650 2,890 1,158,606 (31) (31) (28) (1,150) (510) (1,688) 20,629 1,091,725 323,321 2,890 2,474 1,441,039 4,061 15,826 4,192 24,079 (9) (9) 2,487 25,628 6,094 40 57 34,306 525 525 (31) (31) (27) (64) (89) (180) 7,006 41,390 10,197 40 57 58,690 13,623 1,050,335 313,124 2,850 2,417 1,382,349 76
17. 18. 790,947 200,492 37 906,937 593,117 (2,662) 1,697,884 790,947 17% 4S 19. 44,525 46,894 77
19. (a) 12,000,000 50% 50% 50% 20,540,000 50% 50% 50% 4,000,000 50% 50% 50% (b) 1,185 4,080 55,025 66,262 (11,685) (23,448) 44,525 46,894 276,600 275,057 (263,877) (264,069) (3,174) (2,793) 9,549 8,195 78
20. 100 200 132,828 178,094 132,828 178,094 132,928 178,294 132,828 178,094 510,000 21,000,000 6.1259.750 21. 59,145,000 28(a) 5,900,111 3,169,476 470,317 276,636 9,767 6,934 6,380,195 3,453,046 899,556,000 711,358,00028(b) 28(d) 703,959,000 502,918,000 79
22. 466,888 285,183 (191) (232) 466,697 284,951 433,202 263,126 28,831 18,855 4,664 2,970 466,697 284,951 462,033 281,981 4,664 2,970 466,697 284,951 80
22. 232 290 1 2 138 (16) (42) (182) 191 232 23. 2,362,361 1,680,213 400,459 53,800 17,417 78,000 1,200,823 389,113 (i) 319,278 183,992 21,264 1,446 50,420 54,465 2,714 3,371 63,275 264,175 100,482 4,631,948 2,615,120 (i) 17% 81
23. 4,631,978 2,615,135 (30) (15) 4,631,948 2,615,120 15 471 15 8 (151) (313) 30 15 24. (1) 49,749 40,113 (2) 43,256 49,749 83,369 (1). (2) H (3) 34,824,000 28(a) 82
25. 1,664,888 1,029,932 26. 186,721 140,852 27. 4,475,512 2,670,952 12,307 318,766 4,487,819 2,989,718 30,391,000 220,498,000 83
28. (%) (%) 34 6 17 2012 10,599 (a) 2 5 102,793 (b) 5 10 2012 1,833,974 4 9 2011 590,742 4 9 2011 20,000 (c) 7 9 2012 396,063 4 9 2011 1,182,000 7 9 2012 7,318,966 4 9 2011 2,696,227 (d) 7 12 2012 305,979 5 8 2011 268,642 8 12 2012 34,704 5 8 2011 166,844 5 6 2012 5,027 7 2012 8,480 10,016,585 4,924,455 34 6 17 2013 2014 3,836 (b) 7 2013 2015 5,600 (c) 5 6 2013 2014 9,269 7 2013 2014 11,240 29,945 10,046,530 4,924,455 84
28. (%) (%) (a) 2 5 87,451 87,451 9,665,303 4,488,969 87,451 13,106 13,003 9,691,412 4,488,969 87,451 340,683 435,486 340,683 435,486 10,599 3,584 252 14,435 10,046,530 4,924,455 87,451 85
28. (a) 145,115,000 102,793,000 87,451,000 (i) 59,145,000 (ii) 34,824,000 15,342,000 (b) (i) 150,961,000 87,165,000 (ii) 249,980,000 89,734,000 (iii) 638,569,000 450,113,000 (c) 410,359,000 55,000,000 1,127,000,000 (d) 260,987,000 261,245,000 (e) 86
29. 600,322 269,480 5,079,553 2,715,027 5,679,875 2,984,507 3,258,824 2,370,683 2,165,436 529,650 251,715 78,527 3,900 5,647 5,679,875 2,984,507 30. 187,692 107,255 93,794 60,230 755,317 649,624 249,124 25,987 6,595 25,675 212,556 85,625 1,505,078 954,396 87
31. 10% 22%10% 22% 7% 12% 7% 12% 32. (a) 188,161 60,012 566,339 299,124 (361,878) (170,975) 392,622 188,161 88
32. (b) 7,512 1,273 8,785 37 23,158 23,158 8(a) 6,820 (685) 6,135 37,490 588 38,078 4,208 324 4,532 9,741 1,059 10,800 (6,437) (110) (6,547) 7,512 1,273 8,785 89
32. (b) 364,847 492 1,581 2,877 52,800 422,597 37 279,923 13,978 293,901 8(a) (21,812) (1,581) 13,826 (9,567) (492) (492) 622,958 16,703 66,778 706,439 69,162 35,383 104,545 304,567 17,417 321,984 (8,505) 1,581 2,877 (4,047) 492 492 (377) (377) 364,847 492 1,581 2,877 52,800 422,597 10% (2008) 1 2,411,275,000 967,490,000 90
33. 1,232,693 11,518 1,244,211 1,250,000 (22,127) 1,227,873 1,227,873 7 46,026 (29,688) 1,244,211 1,250,000,000 4.75% (Singapore Exchange Securities Trading Limited) 5.47% 91
34. 11,066 10,599 3,880 3,584 288 252 15,234 14,435 (799) 14,435 28 10,599 28 3,836 35. 1,000,000,000,0000.0001 100,000 100,000 1,908,481,2950.0001 191 191 168 168 92
36. (i) 25% (ii) 43 10% 50% (iii) 2.4 (iv) (v) 93
36. 5,021,215 2,489 (161,768) 71,990 4,933,926 (4,309) (277,426) (36,853) (318,588) (247,929) (247,929) 4,773,286 (1,820) (439,194) 35,137 4,367,409 (124) (124) 5,021,215 5,021,215 2,489 (161,768) 264,879 105,600 (192,765) (192,765) 5,021,215 2,489 (161,768) 71,990 4,933,926 94
37. (a) 260,000,000 % New Wing Enterprises Limited 55% Worldwide Channel International Limited 55% 55% 55% 55% 55% 55% 55%*80% 55%*78% 55%*80% 55% 55% 55% 55% 55% 55% 95
37. (a) 14 141,466 15 63,251 11,877 17 203,253 32(b) 2,135 114,707 17,582 140,346 1,736 139,402 (261,187) (255,719) (517) (69,317) 32(b) (63,295) 185,720 (93,428) 18 167,708 260,000 (260,000) 174,395 (85,605) 139,402 53,797 (99,203) (45,406) 1,933,914,00093,958,000 96
37. (b) 70% 126,560,000 110,544,000 14 36,289 17 112,350 32(b) 1,905 90,452 5,070 22,365 1,704 74,888 (120,052) (46,630) (60,000) 32(b) (28,088) 90,253 (27,076) 18 63,383 126,560 97
37. (b) (126,560) 16,016 (110,544) 74,888 (35,656) (11,511) (47,167) 410,249,000 11,375,000 42,083,364,0001,637,362,000 (c) 80% 127,480,000 98
37. (c) 14 36,929 17 76,860 69,675 4,737 46,576 5,250 394 14,178 (35,744) (5,705) (79,986) (10,000) (34) 32(b) (23,235) 99,895 (19,979) 18 47,564 127,480 (127,480) 14,178 (113,302) (20,596) (133,898) 367,343,000 14,624,000 42,209,321,0001,643,672,000 99
37. (d) 100% 172,150,000 161,545,000 14 35,578 15 39,200 17 70,243 32(b) 1,519 43,627 1,512 22,123 66,553 84 4,921 (109,999) (55,409) (24,000) 32(b) (19,361) 76,591 18 95,559 172,150 (172,150) 10,605 (161,545) 4,921 (156,624) 100
37. (d) 248,094,000 9,110,000 42,129,061,0001,637,570,000 (e) 100% 7,000,000 14 965 2 (28) 939 18 6,061 7,000 101
37. (e) (7,000) 7,000 2 2 (f) 100% 171,060,000143,607,000 102
37. (f) 14 56,899 15 6,467 17 87,938 32(b) 5,299 115,097 10,981 92,732 134,437 2,918 12,435 (271,814) (134,606) (25,200) (90) 32(b) (24,278) 69,215 18 101,845 171,060 (171,060) 27,453 (143,607) 12,435 (131,172) (11,300) (142,472) 103
37. (f) 303,194,000 15,364,000 42,667,928,0001,625,989,000 (g) 1,126,517,000 934,077,000 % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%*80% 100% 100% 100% 100% 100% 100% 104
37. (g) 14 373,177 15 158,794 1,773 17 386,429 32(b) 12,300 362,023 28,778 279,400 11,248 5,051 97,334 (53,974) (167,417) (646,121) (2,457) 32(b) (135,644) 710,694 (8,994) 18 424,817 1,126,517 (1,126,517) 192,440 (934,077) 97,334 (836,743) 105
37. (g) 1,030,998,000 78,910,000 44,199,964,0001,616,806,000 38. 49,749 49,749 132,928 132,928 466,697 466,697 1,486,575 1,486,575 4,369 4,369 1,664,888 1,664,888 186,721 186,721 4,487,819 4,487,819 49,749 132,928 8,297,069 8,479,746 5,679,875 655,967 2,096 10,046,530 1,244,211 17,628,679 106
38. 83,369 83,369 178,294 178,294 284,951 284,951 697,115 697,115 2,229 2,229 1,029,932 1,029,932 140,852 140,852 2,989,718 2,989,718 83,369 178,294 5,144,797 5,406,460 2,984,507 244,542 10,026 4,924,455 8,163,530 107
38. 49,749 49,749 132,828 132,828 3,219 3,219 3,724,485 3,724,485 12,563 12,563 49,749 132,828 3,740,267 3,922,844 110 87,451 1,244,211 1,331,772 108
38. 83,369 83,369 178,094 178,094 3,371 3,371 2,365,415 2,365,415 133,785 133,785 83,369 178,094 2,502,571 2,764,034 182 14,692 14,874 109
39. 1 2 3 1 2 3 132,828 132,828 49,749 49,749 182,577 182,577 1 2 3 178,094 178,094 40,113 40,113 43,256 43,256 218,207 43,256 261,463 1 2 3 110
40. 41. (a) 117,669 171,619 585,289 85,605 702,958 257,224 (b) 52,134 32,855 42,772 11,024 226,694 144,391 138,765 49,499 174,901 309,111 151,820 148,439 453,729 486,357 333,357 208,962 42. 14 15 20 21 24 25 111
43. 2,024,434 2,124,820 3,724,485,000 2,620,685,000 14,692,000 % % 700,000,000 100% 8,000,000 100% 16,550,000 100% 12,000,000 100% 5,000,000 100% 20,000,000 100% 40,000,000 100% 112
43. % % (Guangzhou Zhongsheng Lexus Automobile Sales & Services Co., Ltd.) 10,000,000 100% (Dalian Zhongsheng Lexus Automobile Sales & Services Co., Ltd.) 17,500,000 100% (Chengdu Zhongdaocheng Toyota Automobile Sales & Services Co., Ltd.) 10,000,000 90% (Quanzhou Longxing Automobile Sales & Services Co., Ltd.) 40,000,000 100% Zhongsheng Holdings Co., Ltd. 32,000,000 100% HOKURYO (Hong Kong) Co., Ltd. 10,000 100% (Dalian Xinshengrong New Industrial Co., Ltd.) 200,000,000 100% (Dalian Xinshengrong Automobile Sales & Services Co., Ltd.) 30,000,000 100% (Chengdu Zhongsheng Toyota Automobile Sales & Services Co., Ltd.) 10,000,000 80% SUPER CHARM Limited 1 100% BILLION GREAT Limited 1 100% 113
43. % % (Dalian Yuzeng Industrial Co., Ltd.) 30,000,000 100% (Yantai Zhongsheng Huidi Automobile Sales & Services Co., Ltd.) 60,000,000 100% OLYMPIA WELL Limited 1 100% (Foshan Zhongsheng Star Automobile Sales & Services Co., Ltd.) 60,000,000 100% (Changshu Huaxing Automobile Sales & Services Co., Ltd.) 80,000,000 100% (Wuxi Guoxin Automobile Sales & Services Co., Ltd.) 100,000,000 100% (Zhongsheng (China) Enterprise Management Co., Ltd.) 40,000,000 100% * (Beijing Betterlife Automobile Import & Export Group Co., Ltd.) 60,000,000 50% * (Beijing Betterlife Automobile Sales Co., Ltd.) 20,000,000 50% (Tianjin Betterlife Automobile Services Co., Ltd.) * 10,000,000 50% 114
43. % % (Beijing Betterlife Automobile Trading Co., Ltd.) * 20,000,000 50% (Tianjin Betterlife Zhidi Automobile Sales Co., Ltd.) * 20,000,000 50% (Beijing Betterlife Star Automobile Sales Co., Ltd.) * 40,000,000 50% Betterlife International Motor Co., Ltd. * 10,000 50% (Nanjing Zhongsheng Star Automobile Sales & Services Co., Ltd.) 40,000,000 100% (Wenzhou Zhongsheng Lexus Automobile Sales & Services Co., Ltd.) 40,000,000 100% (Chengdu Zhongsheng Star Automobile Sales & Services Co., Ltd.) 50,000,000 100% (Chongqing Zhongsheng Lexus Automobile Sales & Services Co., Ltd.) 40,000,000 100% WORLDWIDE CHANNEL INTERNATIONAL LIMITED 1 55% (Dalian Yinghe Automobile Group Co., Ltd.) 20,000,000 55% (Yingkou Datong Automobile Sales & Services Co., Ltd.) 6,000,000 55% 115
43. % % (Panjin Aotong Automobile Sales & Services Co., Ltd.) 6,000,000 55% (Dandong Yinghe Automobile Sales & Services Co., Ltd.) 6,000,000 44% (Benxi Yinghe Automobile Sales & Services Co., Ltd.) 20,000,000 43% (Panjin Datong Automobile Sales & Services Co., Ltd.) 10,000,000 44% (Tieling Yinghe Automobile Sales & Services Co., Ltd.) 5,000,000 55% (Xi an Qingtong Automobile Sales & Services Co., Ltd.) 10,000,000 55% (Xianyang Yinghe Automobile Sales & Services Co., Ltd.) 5,000,000 55% (Kunming Kaicheng Toyota Automobile Sales & Services Co., Ltd.) 10,000,000 70% (Honghe Kaicheng Toyota Automobile Sales & Services Co., Ltd.) 25,000,000 70% (Shantou High-tech Zone Hengda Automobile Co., Ltd.) 10,800,000 80% 116
43. % % (Jieyang Hengyu Industrial Co., Ltd.) 10,800,000 80% (Weihai Weida Automobile Trading Co., Ltd.) 10,000,000 100% (Loong Wah Motors Limited) 10,000,000 100% (Ningbo Loong Wah Toyota Automobile Services Co., Ltd.) 2,700,000 100% (Shenzhen Loong Wah Lexus Motors Co., Ltd.) 30,000,000 100% (Dongguan Loong Wah Infiniti Automobile Sales & Services Co., Ltd.) 30,000,000 80% (Foshan Shunde Loong Wah Lexus Automobile Service Co., Ltd.) 30,000,000 100% (Ningbo Loong Wah Lexus Automobile Services Co., Ltd.) 10,000,000 100% (Big Brilliant Limited) 10,000 100% * 117
44. (a) (i) 21,704 9,228 545 672 22,249 9,900 (ii) 15,695 28,386 60,847 124,803 76,542 153,189 (iii) 1,127,000,000 118
44. (b) (i) 3,765 1,646 604 583 4,369 2,229 (ii) 2,096 10,026 (iii) 15,609 13,150 303 272 15,912 13,422 9 14A 119
45. 2527 28 15 (9,291) (15) 9,291 15 (5,041) (15) 5,041 120
45. 27 28 3 3 12 1 5 5 102,793 4,846,156 5,341,178 1,420,840 11,710,967 59,375 1,339,063 1,398,438 2,705,486 2,974,389 5,679,875 470,877 185,090 655,967 2,096 2,096 104,889 8,022,519 8,560,032 2,759,903 19,447,343 121
45. 3 3 12 1 5 5 2,561,029 2,620,017 5,181,046 2,370,683 613,824 2,984,507 155,117 89,425 244,542 10,026 10,026 10,026 5,086,829 3,323,266 8,420,121 122
45. 10,046,530 4,924,455 1,244,211 5,679,875 2,984,507 1,505,078 954,396 2,096 10,026 (4,487,819) (2,989,718) 13,989,971 5,883,666 7,092,233 5,935,593 66.4% 49.8% 46. 47. 123
41,903,414 24,042,907 13,722,185 10,548,577 9,103,134 (37,595,170) (21,750,181) (12,542,762) (9,771,214) (8,382,066) 4,308,244 2,292,726 1,179,423 777,363 721,068 367,362 321,779 69,203 33,412 27,361 (1,325,790) (693,372) (346,521) (274,317) (215,054) (616,267) (318,414) (161,967) (118,861) (87,115) 2,733,549 1,602,719 740,138 417,597 446,260 (549,375) (226,917) (80,688) (104,443) (50,744) 9,549 8,195 7,254 4,520 6,873 2,193,723 1,383,997 666,704 317,674 402,389 (550,637) (301,624) (173,701) (83,265) (98,933) 1,643,086 1,082,373 493,003 234,409 303,456 1,417,279 1,031,190 470,881 218,702 284,325 225,807 51,183 22,122 15,707 19,131 1,643,086 1,082,373 493,003 234,409 303,456 27,860,382 16,199,630 5,504,464 4,170,559 2,949,136 (19,582,569) (9,485,061) (3,356,657) (2,484,788) (2,142,485) (1,185,580) (778,976) (36,892) (52,673) (49,162) 7,092,233 5,935,593 2,110,915 1,633,098 757,489 124