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SUMPO FOOD HOLDINGS LIMITED (a) (b) (c) (d)

(e) (f) (g) (h) (i) (j) (k) (l)

9044 18,000,000 12.3% 84% 16% (i)(ii) 70%30% 1

160 (i) (ii) (iii) 70% 75% 30% 40% 45% (i) ISO14001 ISO22000(ii) ISO9001 4.364 5.69214.2% 4,250 2

5,700 15.8% : (1) Sumpo (2) (3) (i)(ii) 331,446 75.9 362,104 61.6 364,395 64.0 158,164 60.7 201,736 67.3 72,447 16.6 188,818 32.1 166,260 29.2 83,368 32.0 80,251 26.8 32,526 7.5 36,821 6.3 38,587 6.8 19,127 7.3 17,672 5.9 436,419 100.0 587,743 100.0 569,242 100.0 260,659 100.0 299,659 100.0 3

(i)(ii) 26.5% 23.6% 22.0% 21.6% 1,489 38.26% 300 230 77.5% 77.1% 78.8% 80.9% 6 4

361,994 82.9 504,896 85.9 491,864 86.4 223,637 85.8 261,088 87.1 74,425 17.1 82,847 14.1 77,378 13.6 37,022 14.2 38,571 12.9 436,419 100.0 587,743 100.0 569,242 100.0 260,659 100.0 299,659 100.0 36,000,000 5

Golden Prince King & Queen Robust China 1 2 3 4 Sumpo Holdings Sumpo Holdings Sumpo Holdings Sumpo Sumpo Holdings Holdings 5 20,250,000 20,250,000 24,928,000 27,000,000 5,472,000 (1) Golden Prince Sumpo Holdings 15% Sumpo Holdings Golden Prince Sumpo Holdings (2) King & Queen 10 (3) Robust China 30.02% 65.82% 4.16% (4) 20 Chau Gam Jaak (5) Sumpo Holdings 7

36,000,000 3,890 5.5200,000 10,000,000 405,000 45,700,000 2.5067 9,800 1,700 1.4 8

1 18,000,000 93.4% 1 54,000,000 250.67 3 210,000 80.3% 10 615,000 3 7 98 1 20,000,000 91.2% 1 58,900,000 17 5 5,500,000 100% 10 15,500,000 5 140 5 1:8.67 9

1 436,419 587,743 569,242 260,659 299,659 (347,012) (491,148) (472,545) (226,423) (244,586) 89,407 96,595 96,697 34,236 55,073 12,638 15,174 13,700 5,658 7,189 3,058 (2,191) 3,388 (145) (4,032) 34,880 55,786 57,952 28,960 28,363 (34,021) (53,884) (60,083) (29,416) (27,513) (8,354) (9,481) (9,295) (4,763) (4,160) (23,951) (19,444) (22,406) (10,286) (16,418) (4,522) (9,133) (8,906) (4,825) (5,833) (11,293) (17,663) (15,470) (8,140) (8,415) 57,842 55,759 55,577 11,279 24,254 (13,693) (7,107) (5,553) (1,407) (1,446) 44,149 48,652 50,024 9,872 22,808 (2,716) 9,371 (10,512) 2 44,149 45,936 59,395 (640) 22,808 11

42,502 39,715 56,985 (671) 19,746 1,647 6,221 2,410 31 3,062 44,149 45,936 59,395 (640) 22,808 42,502 42,431 47,614 8,886 19,746 1,647 6,221 2,410 986 3,062 44,149 48,652 50,024 9,872 22,808 60,000 2.66 2.48 3.56 (0.04) 1.23 2.66 2.65 2.98 0.56 1.23 (1) 34.7%4.364 5.877 6.3% 119.6% 6.0% 9.2% 2.7% 6.3% 12

160.6% 13.2% 3.1%5.877 5.692 15.0% 2.607 2.997 (2) 604,000(i) (ii) (3) 21,000,000 (i) (ii) (4) 13

67,550 75.6 46,088 47.7 50,768 52.5 12,912 37.7 37,184 67.5 4,381 4.9 27,994 29.0 21,269 22.0 9,589 28.0 6,042 11.0 17,476 19.5 22,513 23.3 24,660 25.5 11,735 34.3 11,847 21.5 89,407 100.0 96,595 100.0 96,697 100.0 34,236 100.0 55,073 100.0 1 % % % % % 20.4 12.7 13.9 8.2 18.4 6.0 14.8 12.8 11.5 7.5 53.7 61.1 63.9 61.4 67.0 2 20.5 16.4 17.0 13.1 18.4 (1) 20.4% 12.7%20.8% 2.7% 12.7% 13.9% 8.2% 18.4% 17.0% 14

6.0%14.8% i)ii) 14.8% 12.8% 11.5% 7.5% 15.5% 11.3% (2) 20.5% 16.4% 16.4% 17.0% 13.1% 18.4% 15

(i) (ii) 30,706 32,651 34,592 16,263 17,727 26,287 52,042 55,661 26,176 26,918 1,961 8,881 6,546 4,551 3,422 (1) 2,008 5,521 2,247 1,942 30,256 66,444 64,454 32,669 30,340 1,160 1,230 1,290 640 590 (1) 1 10,794.11 11,090.21 10,534.18 9,725.13 11,380.29 2,394.43 2,841.74 2,579.53 2,551.93 2,645.10 2,367.16 2,873.26 2,612.56 2,626.69 2,599.98 2,799.12 2,852.46 2,421.57 2,264.16 3,000.04 2,356.17 2,527.36 2,221.47 2,218.61 2 2.80 2.99 2.99 2.99 2.99 16

(1) (2) 286,587 374,026 128,319 118,877 152,519 186,112 430,411 452,059 174,739 248,902 303,996 297,919 (22,220) (62,790) 126,415 154,140 264,367 311,236 254,734 273,017 123,804 162,144 195,028 210,312 5,723 13,344 13,843 16,905 129,527 175,488 208,871 227,217 134,840 135,748 45,863 45,800 264,367 311,236 254,734 273,017 17

53,157 18,938 5,977 82,524 137,782 (148,018) (106,878) (24,072) (28,264) (47,682) 98,270 63,175 60,363 (13,147) (47,817) 3,409 (24,765) 42,268 41,113 42,283 40,734 43,893 19,787 19,787 61,259 (250) 659 (796) (446) 704 43,893 19,787 61,259 60,454 104,246 18

5,400 5,400 260 i) ii) ( ) 10,679,000 2.3 287 24.58% 500 200 100 100 200 500 (291) (118) (59) 59 118 291 19

5% 2% 1% 1% 2% 5% 1,462 585 292 (292) (585) (1,462) 5% 2% 1% 1% 2% 5% (1,025) (410) (205) 205 410 1,025 i ii 20

1 10% 15%() () HKE: 03999 14.85% SHE: 002234 13.57% SSE: 002299 13.66% SHE: 002321 13.66% Venky s India Ltd BOM: 523261 12.16% Srinivasa Hatcheries BOM: 526893 10.38% Rainbow Chicken JNB: RBW 13.72% NASDAQ: YUII 11.42% 12.93% 2 ( ) 10 ( )4.1283.249 0.879 2.08( 1 96 104 ) 4 ( 95 105 ) Sumpo Holdings6,000 Sumpo Holdings7,500 5,000 Sumpo Holdings2,500 21

(i) (ii) 22

22 32 25

10,000,000 26

Sumpo Holdings 90%10% Golden Prince Golden Prince Group Limited Kentucky Fried Chicken King & Queen King & Queen International Limited 27

10,000,00080% 10% 50% 30% 20% 688 (i) 879 (ii) 2,745 30% 50% 28

Robust China Robust China Limited 571 0.10 Sumpo Holdings Sumpo International Holdings Limited 90% 29

(IVSC) 10 78,400,000 58.29% 13.42% 28.29% 60,000,000 10,000,000 1.007.801.00 0.88 30

3745 21 24 24 256666 31

(AA+) 8 33

H5N1 H5N1 70% 160 34

21.7% 31.9% 33.232.7% 35

2 3 22.8% 6,590 1.560 1.4047,180 36

20.5% 33.9% 32.1% 31.7% [ ] 1,838.94 1,858.29 1.1% 1,801.60 (3.1%) 1,987.41 10.3% 1,752.83 1,814.32 3.5% 2,000.22 10.2% 2,152.30 7.6% 3,195.14 3,737.50 17% 3,299.06 (11.7%) 3,032.46 (8.1%) 37

300 3,000 1,000 10,000 10 38

75.9% 61.6% 64.0% 67.3% 10,794.11 11,090.21 10,534.18 11,380.29 2.7% (5.0%) 8.0% 2,394.43 2,841.74 2,579.53 2,645.10 18.7% (9.2%) 2.5% 2.8 2.99 39

17.1% 14.1% 13.6% 12.9% 41

2,2206,280 42

80.3% 91.2% 100% 93.4% 36,000,000 4141 14,346,000 17,642,000 17,111,000 14,232,000 439,106,000 560,138,000 558,730,000 570,936,0003.3% 3.1% 3.1% 2.5% 3,095,000 4,997,000 2,866,000 3,716,000 152,519,000 186,112,000 430,411,000 452,059,000 2.0% 2.7% 0.7% 0.8% 2,191,000 4,032,000 3,058,000 3,388,000 43

2,131,000 859,000 1,902,000 850,000 44

0.7% 0.7% 0.5% 0% 29 31 29 31 45

25% 25% 47

(i) [2008]149 (ii) (i) [1994]001 [2003]1239 (ii) 15% (i) 18% 20% (ii) 22% 24% 48

23.7% 12.7% 9.9% 6.0% 25% 10%( ) 10% 49

137 582 1502 6 205 11 5 16 F 10 24 C 21 23 C 48 50

Cricket Square Hutchins Drive PO Box 2681, Grand Cayman, KY1-1111 Cayman Islands 688 57 1906 CPA,CPA (Aust.) 51

300,670 99,210 14.9% 217,820 7.7% 13.3 7,858 22,698 14.2% 6,280 15,781 12.2%12,973 11,8659.3% 24,000 22,000 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 52

4,260 36.3% 6,234,000 7,279,0002.6% 74,000 72,000 70,000 68,000 66,000 64,000 62,000 60,000 58,000 56,000 53

900 800 700 600 500 400 300 200 100 0 54

16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 1,600 34,000 0.21% 55

10 8 6 4 2 0 4.9% 56

910 1,1102.5% 12,000 10,000 8,000 6,000 4,000 2,000 0 1 1 1,250,000 2 2 2 100,000,000 3 4 100,000,000 2 57

1 5 50,000,000 2 2 6 180,000 3 7 67,700,000 8 8,000,000 2 9 10 1 2 3 90 44 58

600 500 400 300 200 100 0 3.3% 59

5,670,0003,835,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 27 60

3,343,000 730,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 27 61

21% 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 62

1,116 1,600 1,400 1,200 1,000 800 600 400 200 0 548 1,116 50% 63

791,870,000 831,590,000 5.0%1.23% 771,430,000 831,420,000 7.8%1.89% 1,000,000 800,000 791,870 771,430 797,830 781,640 808,450 816,930 835,190 831,420 600,000 400,000 200,000 0 * 98,350,00082,450,000, 9.3% 64

8.3% 100,000 98,350 98,610 82,450 84,420 85,200 89,820 89,170 90,420 80,000 60,000 40,000 20,000 0 * 610,430,000 645,730,0005.8% 616,960,000 664,940,000 7.8% 1.89% 65

700,000 610,430 616,960 683,260 642,620 680,300 651,840 645,730 664,940 600,000 500,000 400,000 300,000 200,000 100,000 0 * 113,390,000 136,860,000 7.5% 1.83% 6.4% 66

160,000 140,000 120,000 113,390 117,200 136,860 143,410 130,940 132,230 121,930 124,670 100,000 80,000 60,000 40,000 20,000 0 * 158,520,000 173,120,0009.2% 2.23% 158,520,000170,550,000 7.6% 1.85% 67

200,000 158,520 157,470 151,430 151,940 163,550 160,260 173,120 170,550 150,000 100,000 50,000 0 * 54,320,000 51,180,000 2.0% 0.48% 3.5% 0.87% 68

60,000 54,320 55,780 51,180 52,820 53,130 55,770 55,380 57,740 50,000 40,000 30,000 20,000 10,000 0 * 152,300,000 166,000,000 9.0% 2.18% 19.2% 20.1% 19.2% 20.0% 149,000,000 160,000,0007.4% 1.8% 69

200,000 152,000 149,000 165,900 152,000 155,000 156,000 166,000 160,000 150,000 100,000 50,000 0 41,000 1,000,0002339.0% 122.2%549,000 200,00063.6% 1,000,000 1,000,000 1,000,000 800,000 600,000 549,000 400,000 200,000 41,000 47,000 172,000 150,000 200,000 0 70

109,298,000114,500,000 4.8% 1.17% 16.8% 16.5% 16.9% 17.6% 106,000,000 105,800,0000.2% 120,000 109,298 106,000 112,464 105,500 115,000 105,000 114,500 105,800 100,000 80,000 60,000 40,000 20,000 0 50,000 1,394,000, 500,000 2,835,000 723,0002,000,000 71

3,000 2,835 2,500 2,000 1,500 1,394 1,000 481 723 892 500 500 50 200 0 31,280,00044,160,000 41.2% 9.0% 19.7% 21.4% 23.5% 25.5% 30,849,000 42,710,00038.4% 8.5% 72

50,000 44,160 42,710 38,367 36,882 40,000 31,280 30,849 32,475 31,673 30,000 20,000 10,000 0 203,000 50,000 75.4% 634,000 1,500,000 1,600 1,400 1,550 1,500 1,200 1,017 1,000 800 634 600 400 203 215 200 65 50 0 73

100100 140 120 100 80 60 40 91.5 99.9 116.9 98 103 115 107.3 98.5 20 0 74

140 120 131.2 108.7 100 80 60 40 98.1 103 96.4 100.1 105.5 107.9 20 0 140 120 100 80 60 40 104.6 120.6 120.2 94.2 99.3 124.2 119.7 92.3 20 0 75

i ii iii iv 2007 75 (i) (ii) (iii) 30 76

75 75 (i) (ii) (iii) Sumpo Holdings 77

(3) 78

(i)(ii) (iii) (iv) (v)(vi) (i) (ii)1,000 10,000 10,000 100,000 81

25% 50% 82

(i) (ii) (iii) (iv) i ii300 3,000 83

Sumpo Holdings Sumpo Holdings Sumpo Holdings10% 10,985,632.05 Sumpo Holdings 90% 10%Sumpo Holdings 10% 2,575,000 2,503 1,580 50% 30% 20% 85

(1) (2) 112,500,000112,500,000Sumpo Holdings 90% 10% 80% 25,600,000 5,000,000 50% 86

95% 1 29,090,863 2 10% 1,000,000 50% 60% 40% 4,000,000 20% 7,488,242.63 100% 20,000,000 32% 38,400,000 87

81,600,000 68% 1. 4.485930 2. 19,000,000 29,090,863 80% 20% 95% 3.125% 1.25% 0.625% 20% 7,488,242.63 50% 45% 5% 88

5% 500,000 40% 4,000,000 5% 500,000 60% 40% 40%4,000,000 40% 120,000,000 32% 68%(i) (ii) 116,606.117,877.60 68% 81,600,000 89

68% 81,634,000 50,000 81,584,000 20,000,000 30,000,000 60% 40% Sumpo Holdings 11,400,000 600,000 382% 98% 2% 38% 90

8,000 2,000,000 11,000 10,000,000 70% 30% (AA) 2% 2,000,000 98% 2% 2,716,000 25,598,000 10,512,000 11 1. 2. 121,000,000 91

8,056,00088,555 SUMPO HOLDINGS Sumpo Holdings Sumpo Holdings 50% 50% Sumpo Holdings 15% 36,000,000 (i)sumpo Holdings 40,000,000(ii)6 40 Sumpo Holdings 10% 29,700,000 (i)sumpo Holdings 40,000,000(ii)7.43 Sumpo Holdings 74 Winner Sea Limited Sumpo Holdings 10% 1510 Sumpo Holdings Sumpo Holdings 92

Winner Sea Limited Sumpo Holdings 49241510 Sumpo Holdings Winner Sea Limited 50% 25% 15% 10% Winner Sea Limited Sumpo Holdings 827,000,000 Sumpo HoldingsWinner Sea Limited 50% 17% 15% 10% 8% Sumpo Holdings 15% 43,650,000 Sumpo Holdings Winner Sea Limited65% 17% 10% 8% Winner Sea Limited Sumpo Holdings 10%38,204,545 Sumpo Holdings 75% 17% 8% Sumpo Holdings Sumpo Holdings 75% 17% 8% Sumpo Holdings 3,000 680320 3,000680320 Sumpo Holdings 93

Golden Prince King & Queen Sumpo Holdings Robust China Sumpo Holdings Golden Prince King & Queen Robust China 1 2 3 4 5 5 5 6 5 Sumpo Sumpo Holdings Holdings Sumpo Sumpo Sumpo Holdings Holdings Holdings 20,250,000 20,250,000 24,928,000 27,000,000 5,472,000 8 9 8 (1) Golden Prince Sumpo Holdings 15% Sumpo Holdings Golden Prince Sumpo Holdings (2) King & Queen 10 King & Queen Sumpo Holdings (3) Robust China 30.02% 65.82% 4.16% Robust China Sumpo Holdings (4) 20Chau Gam Jaak Sumpo Holdings (5) Sumpo Holdings 47,500,000Sumpo Holdings 94

Golden Prince King & Queen Robust China Sumpo Holdings (6) Sumpo HoldingsSumpo Holdings 10 (7) Sumpo Holdings50,000,000 Sumpo Holdings7.6 (8) (i)sumpo Holdings45,000,000 (ii)7.5 Sumpo Holdings 98%98,000,000 95

2%2,000,000 520,031,000 25,598,000 70%21,000,000 30% 9,000,000 70% 30% 1 Sumpo Holdings Sumpo Holdings 4,999 Sumpo HoldingsSumpo Holdings 96

Sumpo Holdings 4,999 King & Queen Golden Prince Robust China 90% 36,000,000 97

90 44 2008-2009 18,000,000 12.3% 84% 16% 2566 21 (i) (ii) 37 45 70%30% 98

160 (i)(ii) (i) ISO14001 ISO22000 (ii) ISO9001 4.364 5.69214.2% 4,250 5,700 15.8% 331,446 75.9 362,104 61.6 364,395 64.0 158,164 60.7 201,736 67.3 72,447 16.6 188,818 32.1 166,260 29.2 83,368 32.0 80,251 26.8 32,526 7.5 36,821 6.3 38,587 6.8 19,127 7.3 17,672 5.9 436,419 100.0 587,743 100.0 569,242 100.0 260,659 100.0 299,659 100.0 99

5,000,000 6,000,000 20,000,000 10,500,000 15,000,000 180,000 18,000,000 100

(i) 16,500,000(ii) 18,000,000 1 18,000,000 93.4% 1 54,000,000 250.67 3 210,000 80.3% 10 615,000 98 3 7 1 20,000,000 91.2% 1 58,900,000 17 5 5,500,000 100% 10 15,500,000 140 5 5 101

1:8.67 102

103

(AA+) AA+ 104

160 470270140 0.5% 1.0% 0.5% 0.5% 3 210,000 2566 66 167 66 140 280 370 100 15% 3% 105

20,000,000 21 (1) 5 5,500,000 (2) 160 11,000,000 37 45 26.9% 28.8% 30.8% 32.6% 73.1% 71.2% 69.2% 67.4% 5 1,000,0005.5 5,500,000 9.5 106

500 177 172-5 170-2 173 +3 166-7 107

160 4,50048,000 (i) (ii) 5 108

1. 2. 1% 109

1. 2. 3. 4. 5. 6. 7. 8. 9. 110

(i) (ii) 1% 111

0.3% (i) (ii) (iii)(iv) (v) 0.5% 9 112

22,000 10,000180,000 26,287 52,042 55,661 26,918 1,961 8,881 6,546 3,422 2,008 5,521 2,247 113

1,489 38.26% 18,000,000 19,500 9,800 1,000 114

2,400 1,820920 880 7.2% 3.7% 2.0% 3.9% : (1) Sumpo (2) (3) (i)(ii) 115

331,446 75.9 362,104 61.6 364,395 64.0 158,164 60.7 201,736 67.3 72,447 16.6 188,818 32.1 166,260 29.2 83,368 32.0 80,251 26.8 32,526 7.5 36,821 6.3 38,587 6.8 19,127 7.3 17,672 5.9 436,419 100.0 587,743 100.0 569,242 100.0 260,659 100.0 299,659 100.0 (i) (ii)(iii) (iv) (v) (vi) (i)(ii) 26.5% 23.6% 22.0% 21.6% 4 10 300 230 116

77.5% 77.1% 78.8% 80.9% 1. 2. 117

22.5% 22.9% 21.2% 19.1% 6 5 5 6 +1 6 6 118

1 10 1 2 10 1 3 10 1 4 10 1 5 3 1 6 7 2 120 220 180 250 800 119

120

(i) (ii) 45 10 6 (i)ii (iii) (i) 121

(ii) (i)(ii) (iii) 4.8% 4.3% 3.6% 3.0% 17.1% 14.1% 11.9% 11.9% 7.5% 6.3% 6.8% 5.9% 16.6% 32.1% 29.2% 26.8% 122

(i) 62,226,000 149,531,000 145,417,000 69,985,000 85.9% 79.2% 87.5% 87.2% (ii) 10,221,000 39,287,000 20,843,000 10,266,000 14.1% 20.8% 12.5% 12.8% (i) (ii) (iii) (iv) (v)(vi) 26.5% 23.6% 22.0% 21.6% 8.9% 7.9% 8.1% 8.9% 4 10 5% 123

257,021 279,257 287,017 163,165 74,425 82,847 77,378 38,571 72,447 188,818 166,260 80,251 32,526 36,821 38,587 17,672 124

(1) (2) 125

15 70 19132222 325,000 0% 0.1% 0% 0% 126

40.0% 51.5% 50.8% 49.6% 0.5% 0.9% 0.6% 0.6% 15.0% 19.1% 38.7% 40.8% 7.1% 8.9% 18.5% 13.3% 5% 10% 15 5% 3,590 34323228 127

11 (i)(ii) (i) ISO14001 ISO22000(ii) ISO9001 128

129

(i) 500 (ii) (iii) (iv) (v) (vi) (aa) (bb) (vii) (viii) (ix) (1) (2) (3) (4) (5) 130

(6) (i) (ii) (iii) (iv) (i) (ii) (iii) (iv) (v) (vi) 131

5x10 5 5x10 4 132

160 (i) 133

(ii) (iii) (iv) 300 3,0001,000 10,000 3 18,000 40,000 (i) (ii) 134

(i) (ii) 60% 30% (1) (2) (3) 70% 75% 30% 40% 45% 135

177 710 177 13,000230 136

1,600 34,000 0.21% 19 90150 160 100 137

(i) (ii) (iii) 138

84% 16% (i)(ii) (i)iso14001 ISO22000(ii)ISO9001 139

84% 16% 36,000,000 140

: 141

142

143

2005 2006 2006 50 2007 2008-2009 144

2007 2008 145

280,000 19370120 39 78 1,000 1,00036,000,000 (i)266 (ii)440(iii)105 (iv)24.5(v)105 (vi)60 146

147

688 22,000 19,500 117,000 18,000 3,600 543.78 148

821,000 29 31 29 3129 31 29 31 29 31 29 31 29 3129 31 149

2931 29 31 2931 29 31 (i)29 31(ii) 29 31 150

48 50A180 13,500 58.29% 54,000 72,000 60,000 24,000 27,000 0.1%14A.33(3) 151

20,757 116,606.1 8,100 63,000 17,877.6 58.29% 249,084 152

0.1%14A.33 (i) 0.001 (ii) 0.05 (i) 153

(ii) 620,965.32 776,257.48 379,554.77 918,000 1,836,000 2,754,000 18,000,000 54,000,000 0.1%5%14A 154

(i) (ii) 70% 15% 15% 561,000 2,123,000 5,291,000 561,000 5,291,000 2 5 9 490,000 730,000 170,470.50 155

0.1%5%14A (i) (ii) 41,163.45 1,769,097.72 693,555.34 156

1,430,000 1,770,000 2,810,000 140 250 0.1%5%14A 14A.25 14A.345% 14A.45 14A.4714A.37 14A.40 14A 157

1 58.29% 28.29% 2 58.29% 28.29% 3 40.8% 19.80% 4 58.29% 28.29% 5 58.29% 28.29% 1. 2. 3. 70% 4. 5. 158

159

(a) 160

(b) 80% 70% (i) (ii) 161

162

3.348 5.22702,560 6,320 2.424 190 790 163

30% 5%(a) (b) (c) 29 31 164

12 5% (a) (b) 165

56 34 42 38 36 63 63 56 i(ii) Sumpo Holdings (iii) (iv) 167

2006-2007 34 14 42 20 168

(i) (ii) (iii) (i) XV(ii) (iii) (iv) 13.51(2)(h)13.51(2)(v) 38 1938 169

36 63 0578 8019 0108 0651 (i)0109 (ii) 0794 170

11 63 32 XV 13.51(2)(h) 13.51(2)(v) 171

55 39 14 (i) (ii) (iii)(iv) 172

39 19 41 173

16 Infa Corporation Ltd. 572) 1 1001 1 2 1 2 Nam Tai Electronics. Inc. 73,000 140,000 155,000 198,000 500,000 300,000 200,000 174

41,667 25,000 16,667 60,000 60,000 60,000 60,000 50 175

A.2.1 1,210 [ ] [4] [4] [3] [80] [83] [ ] [1,030] [1,030] [ ] [8] [8] [ ] [8] [8] [ ] [11] [11] [ ] [19] [19] [ ] [12] [12] [ ] [35] [35] [3] [1,207] [1,210] 176

12013015070 177

178

90 44 18,000,000 160 (i) ISO14001 ISO22000 (ii) ISO9001 179

20.5% 33.9% 32.1% 31.7% 180

1,838.94 1,858.29 1.1% 1,801.60 (3.1%) 1,987.41 10.3% 1,752.83 1,814.32 3.5% 2,000.22 10.2% 2,152.30 7.6% 3,195.14 3,737.50 17% 3,299.06 (11.7%) 3,032.46 (8.1%) 5% 12% 5% 5% 5% 5% 5% 5% 5% 20.8% 20.5% 20.2% 20.7% 20.5% 20.3% 20.7% 20.5% 20.3% 16.9% 16.4% 15.9% 16.8% 16.4% 16.0% 16.6% 16.4% 16.2% 17.7% 17.0% 16.3% 17.2% 17.0% 16.8% 17.2% 17.0% 16.8% 19.0% 18.4% 17.8% 18.6% 18.4% 18.2% 18.6% 18.4% 18.2% 181

12% 12% 12% 12% 12% 12% 12% 21.1% 20.5% 19.9% 21.0% 20.5% 20.0% 21.0% 20.5% 20.0% 17.6% 16.4% 15.2% 17.4% 16.4% 15.4% 16.9% 16.4% 15.9% 18.6% 17.0% 15.4% 17.4% 17.0% 16.6% 17.5% 17.0% 16.5% 19.8% 18.4% 17.0% 18.8% 18.4% 18.0% 18.9% 18.4% 17.9% 182

II3 183

(i) 184

(ii) 185

24 15.5% 3.2% 41 41 41 41 186

1 1 24 2 25 66 3a 3b 21 4 5 37 45 6b 6a 187

1 2 25 3a 21 3b 66 188

4 5 37 45 4 189

6a 6b 7 10 30 3 10 5 8 3 5 190

(i)(ii) (iii) 436,419 587,743 569,242 260,659 299,659 (347,012) (491,148) (472,545) (226,423) (244,586) 89,407 96,595 96,697 34,236 55,073 12,638 15,174 13,700 5,658 7,189 3,058 (2,191) 3,388 (145) (4,032) 34,880 55,786 57,952 28,960 28,363 (34,021) (53,884) (60,083) (29,416) (27,513) (8,354) (9,481) (9,295) (4,763) (4,160) (23,951) (19,444) (22,406) (10,286) (16,418) (4,522) (9,133) (8,906) (4,825) (5,833) (11,293) (17,663) (15,470) (8,140) (8,415) 57,842 55,759 55,577 11,279 24,254 (13,693) (7,107) (5,553) (1,407) (1,446) 44,149 48,652 50,024 9,872 22,808 (2,716) 9,371 (10,512) 44,149 45,936 59,395 (640) 22,808 3,500 191

331,446 75.9 362,104 61.6 364,395 64.0 158,164 60.7 201,736 67.3 72,447 16.6 188,818 32.1 166,260 29.2 83,368 32.0 80,251 26.8 32,526 7.5 36,821 6.3 38,587 6.8 19,127 7.3 17,672 5.9 436,419 100.0 587,743 100.0 569,242 100.0 260,659 100.0 299,659 100.0 4.364 5.877 3.1% 75.9% 61.6% 64.0% 67.3% 160.6% 7,240 1.888 192

1.888 1.663 16.6% 32.1% 29.2% 26.8% 7.5% 6.3% 6.8% 5.9% 361,994 82.9 504,896 85.9 491,864 86.4 223,637 85.8 261,088 87.1 74,425 17.1 82,847 14.1 77,378 13.6 37,022 14.2 38,571 12.9 436,419 100.0 587,743 100.0 569,242 100.0 260,659 100.0 299,659 100.0 82.9% 85.9% 86.4% 87.1% 193

1 10,794.11 11,090.21 10,534.18 9,725.13 11,380.29 2,394.43 2,841.74 2,579.53 2,551.93 2,645.10 2,367.16 2,873.26 2,612.56 2,626.69 2,599.98 2,799.12 2,852.46 2,421.57 2,264.16 3,000.04 2,356.17 2,527.36 2,221.47 2,218.61 2 2.80 2.99 2.99 2.99 2.99 (1) (2) 10,794.112,394.43 11,090.212,841.74 5.0% 9.2%10,534.18 2,579.53 195

263,896 76.1 316,016 64.3 313,627 66.4 145,252 64.2 164,552 67.3 68,066 19.6 160,824 32.8 144,991 30.7 73,779 32.6 74,209 30.3 15,050 4.3 14,308 2.9 13,927 2.9 7,392 3.2 5,825 2.4 347,012 100.0 491,148 100.0 472,545 100.0 266,423 100.0 244,586 100.0 321,404 92.6 459,864 93.6 437,981 92.7 209,977 92.7 226,709 92.7 11,387 3.3 13,238 2.7 16,239 3.4 7,775 3.5 8,077 3.3 4,600 1.3 6,193 1.3 6,563 1.4 3,258 1.4 3,308 1.4 9,621 2.8 11,853 2.4 11,762 2.5 5,413 2.4 6,492 2.6 347,012 100.0 491,148 100.0 472,545 100.0 226,423 100.0 244,586 100.0 90% 196

92.6% 93.6% 92.7% 92.7 1 8,594.26 9,678.67 9,066.54 8,931.20 9,282.67 7,686.77 9,283.62 8,839.15 8,844.82 9,026.12 8,448.86 10,235.64 9,534.72 9,095.43 9,767.21 2 2,249.64 2,420.43 2,249.54 2,258.41 2,445.96 2,226.74 2,402.17 2,278.21 2,274.46 2,420.83 2,593.07 2,572.45 2,020.59 2,191.92 2,643.62 2,213.91 2,348.01 2,206.18 2,197.89 3 2 1.30 1.16 1.08 1.16 0.98 (1) (2) (3) 197

1,838.94 1,858.29 1,801.60 1,720.09 1,987.41 1,752.83 1,814.32 2,000.22 1,934.25 2,152.30 3,195.14 3,737.50 3,299.06 3,166.41 3,032.46 % % % % % 88.2 87.5 88.2 86.7 88.9 198

67,550 75.6 46,088 47.7 50,768 52.5 12,912 37.7 37,184 67.5 4,381 4.9 27,994 29.0 21,269 22.0 9,589 28.0 6,042 11.0 17,476 19.5 22,513 23.3 24,660 25.5 11,735 34.3 11,847 21.5 89,407 100.0 96,595 100.0 96,697 100.0 34,236 100.0 55,073 100.0 % % % % % 20.4 12.7 13.9 8.2 18.4 6.0 14.8 12.8 11.5 7.5 53.7 61.1 63.9 61.4 67.0 20.5 16.4 17.0 13.1 18.4 8,940 9,6704% 3,420 60.9%5,510 199

302 250 593 36 132 267 294 302 250 860 36 426 5,995 8,197 9,821 4,605 3,872 88 263 3 421 33 1,246 2,889 943 1,987 623 333 3,098 1,612 47 366 (90) 49 40 (21) 2,965 1,267 936 351 546 12,638 15,174 13,700 5,658 7,189 1,260 1,520 1,370720 200

600820 980 390 201

66 24.84% 23.73% 24.77% 24.18% 24.48% E(R) = R f + (R m R f ) + E(R) R f R m R f 202

R f 1 4.452% 2.718% 3.632% 3.166% 3.277% 2 0.6034 0.6393 0.6915 0.6770 0.6981 R m R f 3 8.922% 9.403% 8.879% 8.879% 8.879% 4 15% 15% 15% 15% 15% 1. 2. 3999002234 2299 002321 Venky s (India) Limited523261 BOMSrinivasa Hatcheries Ltd526893 BOMRainbow Chicken LimitedRBW JNB)YUII 3. 4. 15 Ibbotson SBBI 7.79 6.5% 15 203

PV = CF (1 + r/52) -n PV : CF : r : n : AA+ AA+ AA+ AA+Ross L.I.R. http://www.aviagen.com/ss/ + AA+ 177 167 0.3% 1.5% 1.5% 204

2.0 2.3 2.3 2.3 2.3 228 304 303 292 287 (Aviagen Group)(AA+) 205

206

620Using the Work of an Expert 620 i)ii) 2,593 0.6 1,849 0.3 1,799 0.3 806 0.3 817 0.3 151 978 0.2 1,083 0.2 559 0.2 516 0.2 4,243 1.0 5,722 1.0 5,412 0.9 2,910 1.1 2,510 0.8 1,367 0.3 932 0.1 1,001 0.2 488 0.2 317 0.1 8,354 1.9 9,481 1.6 9,295 1.6 4,763 1.8 4,160 1.4 840 950 930 420 207

1.9% 1.6% 1.6% 1.4% 6,095 1.4 7,000 1.2 8,596 1.5 4,101 1.6 5,248 1.8 7,779 1.8 7,202 1.2 5,835 1.0 2,792 1.1 3,848 1.3 2,113 0.5 1,758 0.3 2,692 0.5 1,282 0.5 1,394 0.5 3,098 0.7 1,612 0.3 3,949 1.3 4,866 1.1 3,484 0.6 3,671 0.6 2,111 0.8 1,979 0.7 23,951 5.5 19,444 3.3 22,406 3.9 10,286 4.0 16,418 5.6 2,400 1,9402,2401,640 5.5% 3.3% 3.9% 5.5% 208

24 380 0.1 172 819 0.1 500 0.2 29 10,512 2.4 17,044 2.9 14,400 2.5 7,510 2.9 8,114 2.7 401 0.1 447 0.1 251 0.1 130 272 0.1 11,293 2.6 17,663 3.0 15,470 2.7 8,140 3.1 8,415 2.8 1,130 1,7701,550840 2.6% 3.0% 2.7%2.8% 15.0% 2.607 2.997 27.5% 1.582 209

2.017 17.0% 9.0% 3.7% 8,340 8,030 7.6% 1,910 1,770 8.0% 2.264 2.446 13.3% 1.453 1.646 0.6% 7,380 7,420 210

21.2% 740 580 60.9% 3,420 5,510 13.1% 18.4% 188.0% 1,290 3,720 8.2% 18.4% 17.0% 9.0% 37.0% 960 600 11.5% 7.5% 15.5% 11.3% 1.0% 1,170 1,180 211

61.4% 67.0% 2,680.7% 10 400 66 2.1 2,900 2,840 21 6.5% 2,940 2,750 27.1% 570 720 15.9%460 390 12.7% 480 420 212

13.7% 290 250 59.6%1,030 1,640 28.0% 410 520 i) 5% 36% ii) 37.8%280 380 1.6% 3.4% 810 840 8.0% 20.9%480 580 140 213

131.0%990 2,280 3.8%7.6% 3.1% 5.8775.692 0.6% 3.621 3.6446%5% 11.9% 1.888 1.663 4.8% 3,680 3,860 214

3.8% 4.9114.725 0.8% 3.160 3.136 9.8% 1.608 1.450 2.7% 1,430 1,390 0.1% 9,6609,670 16.417.0 10.2% 4,610 5,080 12.7% 13.9% 215

24.0% 2,800 2,130 14.8% 12.8% 9.5% 2,250 2,470 61.1% 63.9% 220 340 66 3.9 5,580 5,800 21 11.5% 5,390 6,010 216

9.7% 1,5201,370 19.8% 820 980 2.0% 950 930 15.2% 1,9402,240 22.8% 700 860 53.1%180 270 12.4 1,7701,550 15.5% 2.5%910 890 217

21.9%710 560 8.3% 8.8% 34.7% 4.364 5.877 9.2% 3.314 3.621 2.7% 6.3% 160.6% 7,240 1.888 13.2% 3,250 3,680 218

41.5% 470 4.911 19.8% 2.639 3.160 136.3% 6,810 1.608 4.9% 1,510 1,430 8.0%8,940 9,660 20.5% 16.4% 31.8% 6,760 4,610 20.4% 12.7% 219

20.8% 2.7% 539.0% 440 2,800 6.0%14.8% i)ii) 28.8% 1,750 2,250 53.7% 61.1% 310220 66( ) 59.9% 3,490 5,580 220

21 58.4% 3,400 5,390 28% 20.1% 1,2601,520 36.7%600 820 13.5% 840 950 28.7%260 180 34.9% 420 570 18.8% 2,400 1,940 7.4%780 720 5.5% 3.3% 221

56.4% 1,1301,770 62.1% 102.0% 450910 48.1%1,370 710 10.2% 4,4104,870 10.1% 8.3% 222

1.411 270 2,560 334,764 520,031 259,788 (325,915) (503,428) (250,776) 8,849 16,603 9,012 5,384 4,552 631 (8,043) (28,098) (9,715) (5,592) (6,723) (5,681) (2,558) (8,152) (4,458) (756) (3,780) (301) (2,716) (25,598) (10,512) 34,969 (2,716) 9,371 (10,512) 2.64% 3.19% 3.47% (0.81%) (4.92%) (4.05%) 223

2,810 7,370 600 1.303 1.4161,230 8,560 1,890 8,560 1,390 3,620 2,260 8,050 5,320 4,840 2,800 3,080 4,770 225

2,410 3,900 600 1.069 1.093 1.480 1.555 4,780 7,880 5,500 8,600 6,040 1.751 3,580 1.327 1,780 6,320 1.9549,820 3,400 9,830 226

1.502 3,380 1,820 41,818 43,946 38,835 35,860 42,256 3,617 4,820 5,096 5,191 7,804 53,835 34,238 68,247 42,875 43,427 1,048 289 290 290 1,296 17,854 5,433 8,152 2,067 232,715 204,619 2,643 156 66 115 94 94 6,000 6,000 1,630 47,451 47,451 43,893 16,179 61,259 104,246 122,032 152,519 103,235 430,411 452,059 267,003 82,877 152,519 186,112 430,411 452,059 267,003 227

(62,441) (44,857) (67,742) (134,182) (111,565) (23,994) (35,031) (742) (4,058) (9,997) (2,341) (2,278) (3,098) (1,612) (98,190) (122,695) (136,850) (144,000) (134,950) (60,000) (16,606) (10,268) (3,801) (790) (1,700) (174,739) (171,610) (303,996) (297,919) (285,524) (77,292) (174,739) (248,902) (303,996) (297,919) (285,524) (22,220) (68,375) 126,415 154,140 (18,521) 5,585 (22,220) (62,790) 126,415 154,140 (18,521) 2,220 6,280 2,220 6,280 228

1.264 6,280 1.2641.541 1.541 1,850 i)2.020 3,870 4,660ii) 2,500 1.3615,580 27.4% 23.6% 9.0% 7.9% 229

17,198 17,504 16,075 15,920 4,393 2,681 4,158 1,900 811 1,126 636 570 a 3,095 4,997 2,866 3,716 15,141 15,656 13,819 12,629 707 1,327 849 739 473 655 432 386 41,818 43,946 38,835 35,860 34,044 41,818 77,990 38,835 35,860 (a) 2,236 3,095 4,997 2,866 34,880 55,786 57,952 28,363 (34,021) (53,884) (60,083) (27,513) 3,095 4,997 2,866 3,716 1,125,121 1,572,132 2,037,528 1,274,560 17,472,449 22,314,230 23,180,983 11,345,018 (17,025,438) (21,848,834) (23,943,951) (11,099,021) 1,572,132 2,037,528 1,274,560 1,520,557 230

7.7%3,880 3,590 230120 11.6% 4,390 3,880i) 210ii) 180 5.1% 3 34 32 32 28 231

(1) 365 (2) 181 2834 88.1 30 7,797 2,939 37,051 23,947 3170 13,730 12,264 11,077 1,062 71 180 129 929 842 5 180 972 2,769 203 155 22,628 18,901 49,173 25,169 26,075 22,628 44,976 49,173 25,169 15 70 232

30 3170 75 312 127 369 71 180 129 1,188 842 5 180 972 2,770 203 155 1,176 4,270 1,172 529 19 13 22 22 (1) 365 (2) 181 13 22 15 180 529,000 233

325,000 98.3% 15 90 30 31,670 25,297 17,644 20,717 31 90 2,043 5,575 5,738 1,589 91 180 695 224 246 386 180 2,429 4,504 6,884 336 36,837 35,600 30,512 23,028 14,140 36,837 49,740 30,512 23,028 234

39 27 26 20 (1) 365 (2) 181 39 20 95.8% 820 450 2.3272.046 70490 1,000 230 30 235

Golden Prince Golden Prince1,790 540 25% 236

% % % % % 27 27 25 25 25 25 15 18 20 20 22 27% 25% (i) [2008]149 (ii) [1994] 001 [2003] 1239 (iii) 15 18% 20 22% 24%25% 237

5% 10% 238

14,131 7,601 5,522 1,391 1,430 (438) (494) 31 16 16 13,693 7,107 5,553 1,407 1,446 57,842 55,759 55,577 11,279 24,254 (2,716) (9,371) (10,512) 57,842 53,043 64,948 767 24,254 239

14,461 13,192 16,246 192 2,267 (2,632) (3,463) (5,195) (1,563) (2,505) (a) 1,775 1,190 181 298 2,122 (b) (417) (4,219) (12,324) (89) (1,219) (324) (90) 247 (56) (168) 65 1,436 679 6,399 2,388 (438) (494) 302 181 781 13,693 7,107 5,553 1,407 1,446 23.7% 12.7% 10.0% 12.5% 6.0% 23.7% 12.7% 12.7% 10.0% 240

27 15 25 25 25% 18 25 20 25 22 (a) 241

(b) i)ii) iii) 2.3053.1631.047 9,740 2.305 3.163 3.163 1.047 242

4,532 5,656 5,888 4,546 6,197 4,012 6,127 4,495 3,617 4,820 5,096 5,191 3,154 14,346 17,642 17,111 14,232 : 56 96 62 64 25-40 90 67 76 16 41-66 46 55 51 138 735 768 662 643 1 927 987 851 861 320 1,430 1,450 243

( ) 56,00071.4% 96,000 450 24.8% 570 ( ) 136,000 10.3% 122,000 620 35.3% 400 66( ) 735,000 4.5% 768,000360 33.3% 480 320 1,450 1,710 96,000 35.4% 62,000 570 4.1% 590 ( ) 122,000 4.1% 127,000 400 52.7% 610 244

66( ) 768,00013.8% 662,000 480 5.7% 510 350 1,710 1,420 62,000 3.2% 64,000 590 22.8% 450 ( ) 127,00021.3% 154,000 610 26.6% 450 66( ) 245

662,000 2.9% 643,000 510 1.9% 520 15 13 ( ) 1203. 246

621 841 462 1041 GAGA NASDAQ 247

148,190 245,005 175,050 162,200 114,950 17,500 17,500 20,000 20,000 165,690 262,505 175,050 182,200 134,950 5,390 5,750 3,060 3,060 1,260 171,080 268,255 178,110 185,260 136,210 248

1 98,190 167,695 136,850 144,000 134,950 1 2 13,590 14,060 40,630 40,000 2 5 59,300 86,500 630 1,260 1,260 171,080 268,255 178,110 185,260 136,210 1 98,190 167,695 136,850 144,000 134,950 72,890 100,560 41,260 41,260 1,260 % % % % 2.4 7.7 2.4 7.8 2.4 5.9 2.4 5.3 1.711 56.8%2.683 2.683 33.6% 1.781 249

1.781 1.3694,130 39.0% 47.9% 31.9% 32.4% 31.9% 32.4% 47.9% 31.9% 39.0% 47.9% 250

240 393 1,671 1,558 3,926 3,947 4,769 4,497 3,026 2,911 2,670 2,550 7,192 7,251 9,110 8,605 15,816 25,874 202 77 251

28,126 15,682 26,718 554 84,858 93,447 9,303 42,521 183 2,980 427 4,647 160,152 109,312 39,001 981 1.602 1.093 1.093 3,900 3,900 100 1 252

Sumpo Holdings6,000 Sumpo Holdings7,500 5,000Sumpo Holdings 2,500 253

100 100 100 100 23.48% 24.48% 25.48% 9.08 9.04 9.00 5% 5% 5% 2.185 2.30 2.415 7.79 9.04 10.29 254

5% 5% 5% 273 287 301 9.90 9.04 8.18 1: 10% 15%() () HKE: 03999 14.85% SHE: 002234 13.57% SSE: 002299 13.66% SHE: 002321 13.66% Venky s India Ltd BOM: 523261 12.16% Srinivasa Hatcheries BOM: 526893 10.38% Rainbow Chicken JNB: RBW 13.72% NASDAQ: YUII 11.42% 12.93% 2: () 10( )4.1283.249 0.879 2.08( 1 96 104 ) 4 (95105 ) 255

50 50 256

( ) 257

(i) 120,520 (ii) 34,914 83,432 (2,533) 115,813 4,707 4,236 471 4,707 (i) (ii) 5,400 5,400 260 i) ii) 258

( ) 10,679,000 2.3 287 24.58% 500 200 100 100 200 500 (291) (118) (59) 59 118 291 200 500 (2) 5% 2% 1% 1% 2% 5% 1,462 585 292 (292) (585) (1,462) 259

5% 2% 1% 1% 2% 5% (1,025) (410) (205) 205 410 (1,025) i ii 13.13 13.19 260

36,000,000 2.5067 6,000 1.517 60% 1.504 4,027 9,800 1,700 1.40 261

3,890 5.5200,000 10,000,000 405,000 45,700,000 1 18,000,000 93.4% 1 54,000,000 250.67 3 210,000 80.3% 10 615,000 3 98 7 1 20,000,000 91.2% 1 58,900,000 17 5 5,500,000 100% 10 15,500,000 140 5 5 1:8.67 262

263

11 31 II3 22 3 II 2 Sumpo International Holdings LimitedSumpo Holdings Sumpo Holdings I-1

3.340 2410 I-2

II3 I-3

I. 5 436,419 587,743 569,242 260,659 299,659 (347,012) (491,148) (472,545) (226,423) (244,586) 89,407 96,595 96,697 34,236 55,073 7 12,638 15,174 13,700 5,658 7,189 24 3,058 (2,191) 3,388 (145) (4,032) 23 34,880 55,786 57,952 28,960 28,363 23 (34,021) (53,884) (60,083) (29,416) (27,513) (8,354) (9,481) (9,295) (4,763) (4,160) (23,951) (19,444) (22,406) (10,286) (16,418) 8 (4,522) (9,133) (8,906) (4,825) (5,833) (11,293) (17,663) (15,470) (8,140) (8,415) 57,842 55,759 55,577 11,279 24,254 9 (13,693) (7,107) (5,553) (1,407) (1,446) 12 44,149 48,652 50,024 9,872 22,808 I-4

11 (2,716) (9,371) (10,512) 44,149 45,936 59,395 (640) 22,808 1,033 875 131 (4) (75) 1,033 875 131 (4) (75) 45,182 46,811 59,526 (644) 22,733 I-5

19 230,517 316,339 104,734 97,444 20 1,175 1,139 1,103 1,085 24 10,729 12,822 12,015 9,041 21 43,728 42,794 9,566 9,422 29 1,000 10 438 932 901 885 286,587 374,026 128,319 118,877 23 41,818 77,990 38,835 35,860 24 3,617 4,820 5,096 5,191 25 53,835 76,425 68,247 42,875 21 1,048 930 290 290 26 17,854 5,433 27 8,152 4,464 232,715 204,619 28 156 66 115 94 29 6,000 6,000 1,630 30 47,451 30 43,893 19,787 61,259 104,246 152,519 186,112 430,411 452,059 31 62,441 76,313 67,742 134,182 32 23,994 33 742 4,894 9,997 2,341 34 3,098 1,612 35 98,190 167,695 136,850 144,000 60,000 16,606 10,268 3,801 790 174,739 248,902 303,996 297,919 I-7

(22,220) (62,790) 126,415 154,140 264,367 311,236 254,734 273,017 37 1 1 34 38 123,803 162,143 194,994 210,312 123,804 162,144 195,028 210,312 5,723 13,344 13,843 16,905 129,527 175,488 208,871 227,217 32 57,900 23,900 35 72,890 100,560 41,260 41,260 36 4,050 11,288 4,603 4,540 134,840 135,748 45,863 45,800 264,367 311,236 254,734 273,017 I-8

66 66 (66) (66) 37 (66) (66) I-9

38(a) 38(b) 38(c) 259 3,239 3,788 59,600 66,886 17,268 84,154 42,502 42,502 1,647 44,149 1,033 1,033 1,033 1,033 42,502 43,535 1,647 45,182 5,793 (5,793) 17,164 (6,206) 10,958 10,958 1 1 1 2,424 2,424 (18,842) (16,418) 5,650 5,650 1 17,423 4,272 9,581 2,424 90,103 123,804 5,723 129,527 39,715 39,715 6,221 45,936 875 875 875 875 39,715 40,590 6,221 46,811 1,400 1,400 3,255 (3,255) (2,250) (2,250) (2,250) 1 17,423 5,147 12,836 2,424 124,313 162,144 13,344 175,488 56,985 56,985 2,410 59,395 131 131 131 131 56,985 57,116 2,410 59,526 I-10

38(a) 38(b) 38(c) 33 35,735 35,768 35,768 4,968 (4,968) (1,911) (1,911) (60,000) (60,000) (60,000) 34 35,735 17,423 5,278 17,804 2,424 116,330 195,028 13,843 208,871 19,746 19,746 3,062 22,808 (75) (75) (75) (75) 19,746 19,671 3,062 22,733 7,471 (7,471) (34) (35,735) 35,769 (4,387) (4,387) (4,387) 17,423 5,203 25,275 38,193 124,218 210,312 16,905 227,217 1 17,423 5,147 12,836 2,424 124,313 162,144 13,344 175,488 (671) (671) 31 (640) (4) (4) (4) (4) (671) (675) 31 (644) 1,028 (1,028) 5,000 5,000 1 17,423 5,143 13,864 2,424 122,614 161,469 18,375 179,844 I-11

57,842 55,759 55,577 11,279 24,254 (2,716) 9,371 (10,512) (302) (328) (878) (45) (426) 4,522 11,691 17,058 9,283 5,833 ( ) (21) 12 (11) 70 138 (37) 71 (420) (34,969) 34 3,098 (3,098) 1,612 (1,612) 368 741 4 6 5 16,957 22,505 26,501 13,369 7,503 (7) 900 (47) (34,880) (55,786) (57,952) (28,960) (28,362) 34,021 53,884 60,083 29,416 27,513 (366) 90 (49) (40) 21 2,575 (3,058) 2,335 (3,388) (486) 4,032 I-12

80,526 85,605 73,742 23,298 38,406 (1,748) (5,631) 1,913 1,753 (1,153) (1,362) 48,367 (22,590) (81,653) (50,165) 25,398 4,118 (36,206) 5,573 (10,267) 2,975 (7,886) 3,688 (130,251) (13,116) 28,096 (30,847) 4,152 141,639 52,499 (12,043) (27,950) 13,872 12,289 90,214 66,440 1,750 7,238 (126) 332 (63) 66,330 50,128 23,126 93,186 148,056 (4,522) (11,691) (17,058) (9,135) (5,833) (8,651) (19,499) (91) (1,527) (4,441) 53,157 18,938 5,977 82,524 137,782 302 328 344 45 401 373 2,106 4,006 1,349 (155,505) (109,312) (39,001) (20,797) (981) (4,648) (1,012) (1,187) (146) (500) (500) (6,000) (6,000) (1,000) (55) 10,986 I-13

16,572 1,862 507 (47,451) (148,018) (106,878) (24,072) (28,264) (47,682) 150,190 195,365 175,050 40,490 85,950 (33,750) (98,190) (132,695) (54,440) (78,800) (18,170) (34,000) (17,760) (2,197) (54,967) 3,000 35,768 98,270 63,175 60,363 (13,147) (47,817) 3,409 (24,765) 42,268 41,113 42,283 40,734 43,893 19,787 19,787 61,259 (250) 659 (796) (446) 704 43,893 19,787 61,259 60,454 104,246 I-14

II. 1. Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands 2. (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) Sumpo Holdings 3,000 680 320 3,000 680 320 Golden Prince King & Queen Sumpo Holdings Sumpo Holdings Golden Prince King & Queen Sumpo HoldingsGolden Prince King & QueenSumpo Holdings 450 20,250,000 9% 98%98,000,000 2%2,000,000 70% 21,000,000 Robust China 328 Sumpo Holdings Sumpo Holdings 6.56% 24,928,000 72 Sumpo Holdings Sumpo Holdings1.44% 5,472,000 380,000 400,000,000 Golden Prince King & Queen Robust China 2,674 697 400450450328 499.90 4,999 Sumpo Holdings 5,000 0.1 I-15

% % % % % Sumpo Holdings (a) (i) 5,000 100 100 100 100 100 (b) (i) (b) (i) 112,500,000 90 90 90 90 90 32,000,000 90 90 90 90 90 (b) (i) 10,000,000 90 90 90 90 90 (c) (i) 20,000,000 90 90 (d) (i) 120,000,000 90 I-16

18 % % % % % (e) (i) (f) (i) 100,000,000 88 88 90 10,000,000 88 90 (g) (i) (h) (i) 30,000,000 63 10,000,000 72 (a) (b) (c) (d) Sumpo Holdings I-17

(e) (f) (g) (h) (i) 3. (a) I-18

(b) 24 3 32 1 1 7 2 9 4 3 14 2 19 3 27 17 1 34 13 1 2 3 4 9 (c) (i) 2,674 697 400 450 450 328 (ii)499.90 4,999 Sumpo Holdings 5,0000.1 5 I-19

(d) (e) I-20

(i) (ii) 39 (f) (g) (i) (ii) I-21

(iii) (h) (i) (j) I-22

(k) (l) (m) I-23

10% (n) (o) I-24

10-30 3-10 5-8 3-5 (p) 30 (q) (r) I-25

(s) (t) (u) I-26

71 90 I-27

37 18 I-28

(v) (i) (ii) (iii) (iv) (v) (i) (vi) 4. 3 (a) I-29

(b) (c) (d) (e) (f) 24 I-30

(g) 37 5. 331,446 362,104 364,395 158,164 201,736 32,526 36,821 38,587 19,127 17,672 72,447 188,818 166,260 83,368 80,251 436,419 587,743 569,242 260,659 299,659 334,764 520,031 259,788 436,419 922,507 1,089,273 520,447 299,659 6. I-31

(i) 331,446 32,526 72,447 436,419 436,419 380,865 30,463 29,236 (440,564) 712,311 62,989 101,683 (440,564) 436,419 436,419 67,550 21,393 4,381 93,324 93,324 12,638 (43,598) 62,364 (4,522) 57,842 139 13 152 152 3,390 1,132 4,522 4,522 3,145 11,114 619 14,878 14,878 117 25 86 228 228 77,512 76,333 49,437 203,282 203,282 235,824 439,106 21,537 21,719 25,352 68,608 68,608 240,971 309,579 5,450 6,437 18,594 30,481 30,481 I-32

(ii) 362,104 36,821 188,818 587,743 334,764 922,507 416,510 35,026 78,902 (530,438) 778,614 71,847 267,720 (530,438) 587,743 334,764 922,507 46,088 22,224 27,994 96,306 8,705 105,011 20,558 (60,835) 64,734 (11,691) 53,043 325 325 325 280 280 280 34 34 226 21 247 78 325 7,548 1,585 9,133 2,558 11,691 3,304 8,934 1,306 13,544 6,707 20,251 117 25 148 290 758 1,048 81,836 82,144 45,424 209,404 322,791 532,195 27,943 560,138 15,842 31,210 21,170 68,222 181,730 249,952 134,698 384,650 1,600 13,276 1,551 16,427 83,490 99,917 I-33

(iii) 364,395 38,587 166,260 569,242 520,031 1,089,273 464,093 37,302 59,559 (560,954) 828,488 75,889 225,819 (560,954) 569,242 520,031 1,089,273 50,768 25,917 21,269 97,954 16,603 114,557 34,969 18,252 (85,772) 82,006 (17,058) 64,948 853 7 860 18 878 6,927 1,979 8,906 8,152 17,058 3,432 7,729 1,379 12,540 10,706 23,246 117 25 148 290 640 930 104,756 77,377 48,367 230,500 230,500 328,230 558,730 29,588 30,752 17,614 77,954 77,954 271,905 349,859 2,777 2,161 501 5,439 29,557 34,996 I-34

(iv) 201,736 17,672 80,251 299,659 299,659 233,318 17,083 44,095 (294,496) 435,054 34,755 124,346 (294,496) 299,659 299,659 37,184 8,665 6,042 51,891 51,891 7,189 (28,993) 30,087 (5,833) 24,254 126 5 131 131 3,516 1,163 4,679 4,679 1,770 3,698 682 6,150 6,150 58 12 74 144 144 82,658 71,654 36,453 190,765 190,765 380,171 570,936 69,060 29,767 14,206 113,033 113,033 230,686 343,719 682 257 939 939 I-35

(v) 158,164 19,127 83,368 260,659 259,788 520,447 256,329 18,490 47,467 (322,286) 414,493 37,617 130,835 (322,286) 260,659 259,788 520,447 12,912 11,134 9,589 33,635 9,643 43,278 5,658 (38,886) 10,050 (9,283) 767 331,446 362,104 364,395 158,164 201,736 32,526 36,821 38,587 19,127 17,672 72,447 188,818 166,260 83,368 80,251 436,419 587,743 569,242 260,659 299,659 331,446,000 362,104,000 364,395,000 158,164,000 201,736,000 115,666,000 138,687,000 125,204,000 64,657,000 64,762,000 I-36

7. 302 250 593 36 132 267 294 302 250 860 36 426 5,995 8,197 9,821 4,605 3,872 88 263 3 421 33 1,246 2,889 943 1,987 623 333 3,098 1,612 47 366 (90) 49 40 (21) 2,965 1,267 936 351 546 8. 12,638 15,174 13,700 5,658 7,189 6,012 9,133 8,906 4,825 5,833 (1,490) 4,522 9,133 8,906 4,825 5,833 8,431 8,152 4,458 (5,873) 2,558 8,152 4,458 I-37

9. 14,131 7,601 5,522 1,391 1,430 10 (438) (494) 31 16 16 13,693 7,107 5,553 1,407 1,446 57,842 55,759 55,577 11,279 24,254 (2,716) (9,371) (10,512) 57,842 53,043 64,948 767 24,254 14,461 13,192 16,246 192 2,267 (2,632) (3,463) (5,195) (1,563) (2,505) 1,775 1,190 181 298 2,122 (417) (4,219) (12,324) (89) (1,219) (324) (90) 247 (56) (168) 65 1,436 679 6,399 2,388 (438) (494) 302 181 (781) 13,693 7,107 5,553 1,407 1,446 (a) (b) I-38

(c) 27% 25% (i) (ii) [2008]149 [1994] 001 [2003] 1239 (iii) 25% 15 18% 20 22%24% 25% (d) 5% 10% 10. 438 932 901 438 494 (31) (16) 438 932 901 885 I-39

11. 98% 98,000,000 2%2,000,000 70% 21,000,000 334,764 520,031 259,788 (325,915) (503,428) (250,776) 5,384 4,552 631 (16,949) (46,753) (20,155) (2,716) (25,598) (10,512) 18(c) 34,969 (2,716) 9,371 (10,512) I-40

(76,498) 45,929 (8,165) (83,389) (28,244) (1,598) 164,600 (8,000) 10,000 4,713 9,685 237 12. 13 7,508 7,525 8,913 4,218 5,345 1,180 1,324 1,482 739 720 8,688 8,849 10,395 4,957 6,065 16,076 14,714 14,835 7,408 7,341 12 36 36 18 18 869 290 290 144 144 16,957 15,040 15,161 7,570 7,503 300 370 129 900 875 1,500 1,634 880 991 516 202 226 119 428 I-41

13. 66 70 136 150 68 129 3 4 5 3 3 73 140 155 71 198 70 3 73 70 3 73 I-42

136 4 140 136 4 140 150 5 155 150 5 155 I-43

68 3 71 68 3 71 129 3 132 22 22 22 22 22 22 66 129 3 198 14. 73 140 155 71 132 417 769 910 397 825 490 909 1,065 468 957 I-44

368 664 805 343 781 49 105 105 54 44 417 769 910 397 825 880,000 1,000,000 4 4 4 4 4 15. 60,000 60,000,000 16. I-45

17. (a) (i) 58.29% 5% 500,000 5% 500,000 258,000242,000 (ii) 5% 500,0005% 500,000 258,000.00242,000 (iii) 40% 4,000,000 40% 4,000,000 2,060,0001,940,000 (b) 20%7,488,242 7,488,242 7,488,242 (c) 38% 11,400,000 11,400,000 11,400,000 I-46

18. (a) 95% 95%19,000,000 95% 29,090,863 2,175,000 95% 46 6,400 31,722 33,233 26,915 (62,695) (5,000) 30,621 (1,531) 29,090 29,090 29,090 (26,915) 2,175 (b) 10% 50 10% 10,985,632 I-47

10% 13,561 (2,575) 10,986 10,986 10,986 (c) 98% 98,000,000 2% 2,000,000 I-48

220,151 842 2,006 32,932 33,202 68,171 6,004 (20,680) (35,000) (6,559) (136,536) (97,500) 67,033 (2,002) 34,969 100,000 100,000 2,000 (6,004) (4,004) I-49

(d) 70%21,000,00 70% 1,058 909 3,677 2,388 22,148 (180) 30,000 (9,000) 21,000 21,000 21,000 (424) 20,576 I-50

19. 61,762 43,611 5,311 2,073 6,010 118,767 42,521 23,321 3,172 1,633 84,858 155,505 (316) (833) (1) (1,150) 13,287 23,883 (37,170) 117,570 90,499 7,650 3,705 53,698 273,122 183 2,507 10,898 2,277 93,447 109,312 (5,119) (1,004) (1,084) (14) (7,221) 123,239 21,804 (145,043) 235,873 113,806 17,464 5,968 2,102 375,213 2,980 21,000 4,346 1,372 9,303 39,001 (4,422) (59) (1,920) (44) (6,445) (163,474) (67,934) (3,559) (3,132) (843) (238,942) 10,435 90 16 (10,541) 81,392 66,903 16,331 4,180 21 168,827 427 441 98 15 981 (11) (126) (1,921) (2,058) 21 (21) 81,829 67,218 14,508 4,195 167,750 I-51

9,353 14,588 1,695 1,532 27,168 7,478 7,314 832 452 16,076 (165) (473) (1) (639) 16,831 21,737 2,054 1,983 42,605 7,724 11,629 1,328 740 21,421 (3,841) (621) (677) (13) (5,152) 20,714 32,745 2,705 2,710 58,874 10,933 11,150 2,248 1,204 25,535 (1,844) (394) (184) (2,422) (7,121) (9,739) (362) (672) (17,894) 22,682 33,762 4,407 3,242 64,093 2,937 3,113 957 334 7,341 (12) (120) (996) (1,128) 25,607 36,755 4,368 3,576 70,306 56,222 30,463 10,140 619 97,444 58,710 33,141 11,924 938 21 104,734 215,159 81,061 14,759 3,258 2,102 316,339 100,739 68,762 5,596 1,722 53,698 230,517 I-52

20. 1,187 1,187 1,187 1,187 1,187 1,187 1,187 1,187 12 48 84 12 36 36 18 12 48 84 102 1,175 1,139 1,103 1,085 2,570,000 2,600,000 2,720,000 2,770,000 I-53

21. 41,583 46,231 46,226 11,246 4,648 (5) (34,980) 46,231 46,226 11,246 11,246 586 1,455 2,502 1,390 869 1,048 930 144 (1) (2,042) 1,455 2,502 1,390 1,534 44,776 43,724 9,856 9,712 1,048 930 290 290 43,728 42,794 9,566 9,422 44,776 43,724 9,856 9,712 44,776,000 43,724,000 9,856,000 9,712,000 35 I-54

22. % % (a) 90 (b) 90 (c) 90 (d) 90 (e) 90 (f) 72 (g) 63 (h) 90 a. b. 32,000,000 c. 10,000,000 d. 100,000,000 98%2% I-55

23. e. 10,000,000 f. 10,000,000 g. 70% 30% h. 20,000,000 (a) 17,198 46,962 16,075 15,920 4,393 2,844 4,158 1,900 811 2,375 636 570 3,095 4,997 2,866 3,716 15,141 18,584 13,819 12,629 707 1,327 849 739 473 935 432 386 41,818 78,024 38,835 35,860 (34) 41,818 77,990 38,835 35,860 I-56

(b) 319,368 486,537 452,976 224,698 313,899 507,641 319,368 800,436 960,617 224,698 (34,880) (55,786) (57,952) (28,363) 34,021 53,884 60,083 27,513 318,509 798,534 962,748 223,848 (c) 17,472,449 22,314,230 23,180,983 11,345,018 (d) 2,236 3,095 4,997 2,866 34,880 55,786 57,952 28,363 (34,021) (53,884) (60,083) (27,513) 3,095 4,997 2,866 3,716 34,000 I-57

24. 2,134 2,870 4,536 9,540 1,565 1,565 3,038 60,372 63,410 (5,590) 5,590 (1,909) (1,909) (61,318) (61,318) 3,385 (354) 27 3,058 4,532 6,197 3,617 14,346 4,681 1,420 6,101 2,655 87,650 2,276 92,581 (4,115) 4,115 (6,209) (398) (6,607) (86,444) (86,444) (2,097) (91) (3) (144) (2,335) 5,656 4,012 4,820 3,154 17,642 2,720 155 2,875 4,287 91,203 1,625 97,115 (8,919) 8,919 (6,470) (2,604) (9,074) (92,505) (92,505) (2,330) (2,330) 2,144 (334) 1,578 3,388 5,888 6,127 5,096 17,111 911 911 1,486 50,587 52,073 (2,326) 2,326 (2,934) (2,934) (48,897) (48,897) (1,413) (1,024) (1,595) (4,032) 4,546 4,495 5,191 14,232 I-58

56 96 62 64 136 122 127 154 735 768 662 643 1 927 987 851 861 3,617 4,820 5,096 5,191 10,729 12,822 12,015 9,041 14,346 17,642 17,111 14,232 I-59

24.84% 23.73% 24.77% 24.18% 24.48% (AA+)(Aviagen Group)(Arbor Acres (AA+ Parent Stock Performance Objectives)) I-60

25. 22,628 45,301 49,498 25,494 (325) (325) (325) 22,628 44,976 49,173 25,169 31,207 32,024 19,602 18,234 (575) (528) (528) 31,207 31,449 19,074 17,706 53,835 76,425 68,247 42,875 15 70 30 7,797 24,077 37,051 23,947 31 70 13,730 16,941 11,077 1,062 71 180 129 1,188 842 5 180 972 2,770 203 155 22,628 44,976 49,173 25,169 30 31 70 75 312 127 369 71 180 129 1,188 842 5 180 972 2,770 203 155 1,176 4,270 1,172 529 I-61

325,000 180 325 325 325 325 325 325 325 325 325 2,445 3,693 1,439 1,791 4,960 1,101 356 6,170 1,241 291 394 4,753 543 1,862 1,985 1,995 2,179 4,381 20,337 8,650 5,654 3,721 6,696 8,665 2,580 3,185 31,207 32,024 19,602 18,234 (575) (528) (528) 31,207 31,449 19,074 17,706 I-62

575 528 575 (47) 575 528 528 26. Golden Prince Group Limited 17,854 17,854 7,178 5,433 17,854 5,433 I-63

27. 1,283 1,283 2,643 2,643 2,643 169 134 36 273 273 969 969 989 60 1,280 119 50 50 50 7 50 1 1 3,716 3,716 3,716 845 844 258 (a) 123,790 123,552 125,770 85,631 2,072 2,072 9,625 9,625 9,634 795 2,250 2,250 50 50 137 24 (b) 579 579 101,929 96,929 148,014 118,014 8,152 4,464 232,715 204,619 30 I-64

(a) 68% 81,600,00068% 68% 61,335,000 19,746,000 (b) 100,000,000 21,000,000 100% 70% 18(c) (d) 28. 156 66 115 94 29. 6,000 6,000 1,000 6,000 7,000 I-65

30. 43,893 19,787 61,259 104,246 45 47,451 43,893 19,787 61,259 151,697 0.72% 0.36% 48,603,000 24,264,000 46,334,000 147,641,000 31. 36,837 49,740 30,512 23,028 13,000 26,950 94,038 924 1,204 293 219 11,680 25,369 9,987 16,897 62,441 76,313 67,742 134,182 30 31,670 38,779 17,644 20,717 31 90 2,043 5,954 5,738 1,589 91 180 695 429 246 386 180 2,429 4,578 6,884 336 36,837 49,740 30,512 23,028 15 3 I-66

32. 23,994 57,900 23,900 57,900 23,900 23,994 33. 65 65 677 834 95 100 97 3,900 2,200 47 44 9,850 742 4,894 9,997 2,341 I-67

34. 3,098 1,612 3,098 1,612 (3,098) (1,612) 3,098 1,612 130,000,000 65,000,000 160,000,000 35. 148,190 245,005 175,050 162,200 17,500 17,500 20,000 165,690 262,505 175,050 182,200 5,390 5,750 3,060 3,060 171,080 268,255 178,110 185,260 I-68

1 98,190 167,695 136,850 144,000 1 2 13,590 14,060 40,630 40,000 2 5 59,300 86,500 630 1,260 171,080 268,255 178,110 185,260 98,190 167,695 136,850 144,000 72,890 100,560 41,260 41,260 110,000 107,500 40,000 40,000 61,080 160,755 138,110 145,260 171,080 268,255 178,110 185,260 2.4% 7.7% 2.4% 7.8% 2.4% 5.9% 2.4% 5.3% 18,655 18,747 18,290 8,847 4,467 9,382 9,117 4,887 23,122 28,129 27,407 13,734 I-69

72,890 100,560 41,260 41,260 59,207 81,875 37,979 38,996 78,190,000 72,000,000 110,050,000 84,200,000 20,000,000 30,000,000 36. 4,050,000 11,288,000 4,603,000 4,540,000 37. Sumpo Holdings 334,666 380,0003,800,000 0.09 0.10 1 38. (a) (b) 10% 50% (c) (i) 18 (i) (ii) (iii) 2,424,000 (ii) 2 35,769,000 I-70

39. 5% 40. 171,080 268,255 178,110 185,260 439,106 560,138 558,730 570,936 (%) 39% 48% 32% 32% I-71

41. (a) 156 66 115 94 6,000 7,000 24,461 51,520 54,676 28,132 17,854 5,433 8,152 4,464 232,715 204,619 43,893 19,787 61,259 151,697 61,517 75,109 67,449 133,963 57,900 23,900 23,994 742 4,894 9,997 2,341 171,080 268,255 178,110 185,260 3,098 1,612 (b) I-72

50 50 I-73

% 61,517 61,517 61,517 742 742 742 6.9% 102,126 15,050 75,174 192,350 171,080 3,098 3,098 3,098 57,900 57,900 57,900 167,483 72,950 75,174 315,607 294,337 % 75,109 75,109 75,109 4,894 4,894 4,894 7.2% 174,602 14,006 110,046 298,654 268,255 23,900 23,900 23,900 254,605 37,906 110,046 402,557 372,158 I-74

% 67,449 67,449 67,449 9,997 9,997 9,997 5.1% 140,403 43,375 1,454 185,232 178,110 1,612 1,612 1,612 23,994 23,994 23,994 243,455 43,375 1,454 288,284 281,162 % 133,963 133,963 133,963 2,341 2,341 2,341 5.0% 139,974 37,874 1,122 178,970 185,260 276,278 37,874 1,122 315,274 321,564 i) ii) I-75

156 156 66 66 115 115 94 94 I-76

42. (a) 3 4 295 694 3 5 69 380 170 72 60 24 8 27 71,933 1 22,982 8,490 3 6 276 I-77

2 3 3,166 4,801 2 3 466 3,191 2 3 6 5 (1) 18,483,000 4,499,000 (2) (3) (4) 41,000 1,769,000 694,000 (5) 621,000 776,000 380,000 (6) I-78

(b) 14 587 1,138 1,449 461 1,018 58 132 187 45 64 645 1,270 1,636 506 1,082 43. 240 393 1,671 1,558 3,926 3,947 4,769 4,497 3,026 2,911 2,670 2,550 7,192 7,251 9,110 8,605 44. 15,816 25,874 202 77 I-79

45. 35 47,451 18,655 18,747 18,290 8,847 4,467 9,382 9,117 4,887 23,122 28,129 27,407 61,185 46. 130,000 65,000 160,000 195,000 160,000 47. (a) 81,600,00068% 120,000,000 32% 68% 377,000 I-80

38,607 46,570 8,115 24,043 2,715 (73) 119,977 (38,393) 81,584 \ 81,600 2,715 (b) Sumpo Holdings 75,000,00050,000,000 Sumpo Holdings 25,000,000 B. [ ] [ ] [ ] [ ] I-81

A. [ ] 3 41 6,200 5,400 260 II-1

10,679,000 2.3 287 24.58% 500 200 100 100 200 500 (291) (118) (59) 59 118 291 5% 2% 1% 1% 2% 5% 1,462 585 292 (292) (585) (1,462) II-2

5% 2% 1% 1% 2% 5% (1,025) (410) (205) 205 410 (1,025) i ii II-3

B. 11 31 3.341 II-4

[ ] 3 II-5

Rm 802, 8/F On Hong Commercial Building No.145 Hennessy Road, Wanchai, HK 1458 802 Tel: (852) 2529 9448 Fax: (852) 3521 9591 IV-1

123 IV-2

512 (HKIS Valuation Standards on Properties) MFin BSc MRICS MHKIS RPS(GP) [ ] (List of Property Valuers for Undertaking Valuations for Incorporation or Reference in Listing Particulars and Circulars and Valuations in Connection with Takeovers and Mergers) 10 IV-3