Heng Tai Consumables Group Limited ( : 0197) 2 0 0 9

2 3-5 6-12 13-15 16-24 25-30 31-32 33 34-35 36 37 38-39 40-104

2009 02 88 31 John Handley 28 29 Bayerische Hypo-und Vereinsbank AG 28 26 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands

03 2009 16.6% 1,897,000,000 56.3% 110,000,000 20 1

2009 04 20,00030,000

05 2009

2009 06 (i) (ii) (iii) 9.0% 1,230 20% 2,274,000,00016.6%1,897,000,000 14% 21.4%22.4%

07 2009 142,100,0006.2% 7.5% 108,100,000111,700,0003,600,000 51,500,000 36,400,000 3,400,00011,400,000 2.1% 8,400,000 7,100,000 125,900,000246,000,00048.8% 110,000,000251,900,00056.3% 22,800,000 400,000,000

2009 08 842,565,000 0.18147,700,000 100,000,00040,000,000 7,700,000 95,000,00037,500,000 277,100,000 249,200,000 95%77% 1,105,900,000 1,139,500,000 356,900,000 245,400,000 3.1 4.6 70,000,000 2,717,500,000 2,400,300,000 435,300,000 406,500,000 10.2% 10.4%

09 2009 820 109,384,596 (i) (ii) (iii) 22% 2% 2% 9% 13% 10% 42% 43% 26% 21%10%

2009 10 20,000 30,000 14% 2%

11 2009 0.18 842,565,000 151,700,000 4,000,000 147,700,000 100,000,00040,000,000 7,700,000

2009 12

13 2009 5325 56 25 49 15 40 10 John HANDLEY65 Handley 3020 HandleyInstitute of Export

2009 14 54University of Alberta 25 51 10 41 15 43 20 59 20 56 25

15 2009 37 15 49 20 Dirk Butch WALTER46 Walter Walter 15 39 15 39 14

2009 16 40 8 33 34 35 36 20 1

17 2009 115,054 255,148 190,127 122,319 105,142 (5,024) (3,297) (47) 1,299 (7) 110,030 251,851 190,080 123,618 105,135 2,717,463 2,400,299 1,671,086 1,363,505 689,023 (435,279) (406,489) (333,381) (224,389) (223,661) (5,026) (24) (10,013) (28) 2,282,184 1,988,784 1,337,681 1,129,103 465,334 3334 35

2009 18 16 18 33 1,423,779,000 1,215,692,000 30% 30% 5%

19 2009 John Handley John Handley 13 15

2009 20 XV352 XV

21 2009 1 362,400,000 14.34% 2 128,520,000 5.08% 3 21,000,000 0.83% 4 17,595,000 0.70% 1. Best Global Asia LimitedBest Global Best Global 2. World Invest Holdings LimitedWorld Invest World Invest 3. Asia Startup Group LimitedAsia Startup Asia Startup 4. XV 352 XV

2009 22 35 336 5% Best Global 1 362,400,000 14.34% World Invest 2 128,520,000 5.08% Pope Asset Management, LLC 145,445,662 5.75% FMR LLC 133,899,500 5.30% 1. Best Global 2. World Invest 336

23 2009 25% 14

2009 24

25 2009 14 10 John Handley

2009 26 1315

27 2009 6/6 100% 6/6 100% 6/6 100% 2/3 67% 3/3 100% 6/6 100% John Handley 4/6 67% 6/6 100% 6/6 100% 3.133.13

2009 28

29 2009

2009 30 (www.hengtai.com.hk) 968 80 1,048

31 2009 33104

2009 32

33 2009 6 1,897,091 2,274,317 (1,491,777) (1,764,541) 405,314 509,776 11,884 (199) 7 10,296 9,916 (142,075) (142,083) (108,050) (111,651) (51,515) (19,791) 125,854 245,968 9 (7,106) (8,358) 22,779 118,748 260,389 10 (8,718) (8,538) 11 110,030 251,851 115,054 255,148 (5,024) (3,297) 110,030 251,851 15 6.1 13.2 6.1 13.1

2009 34 16 694,181 558,855 17 322,069 237,531 18 34,435 2,223 19 287,378 287,378 20 39,773 21 176,849 90,943 22 41,808 50,671 23 108 108 24 14,922 33,043 1,611,523 1,260,752 20 1,585 1,314 25 206,829 171,808 26 333,676 298,025 135,572 78,984 24 335 334 27 427,943 589,082 1,105,940 1,139,547 2,717,463 2,400,299 33 25,277 15,901 34(a) 2,256,907 1,972,883 2,282,184 1,988,784 5,026 2,282,184 1,993,810

35 2009 29 62,592 144,204 30 89 93 31 7,180 7,514 32 8,485 9,260 78,346 161,071 28 77,470 77,699 32,802 39,597 29 214,543 105,016 30 69 114 32,049 22,992 356,933 245,418 435,279 406,489 2,717,463 2,400,299 749,007 894,129 2,360,530 2,154,881

2009 36 16 191 212 40 47,780 47,780 47,971 47,992 10 17 40 1,433,804 1,212,290 11,587 760 1,445,401 1,213,067 1,493,372 1,261,059 33 25,277 15,901 34(b) 1,431,336 1,215,986 1,456,613 1,231,887 1,759 1,172 29 35,000 28,000 36,759 29,172 1,493,372 1,261,059 1,408,642 1,183,895 1,456,613 1,231,887

37 2009 33 34(c)(i) 34(c)(ii) 34(c)(iii) 34(c)(iv) 34(c)(v) 34(c)(vi) 14,251 712,641 25,542 1,351 15,708 568,188 1,337,681 24 1,337,705 104,142 104,142 (50) 104,092 8,224 2,992 1,540 12,756 12,756 2,366 2,366 2,366 (4,647) (4,647) (4,647) 112,366 2,992 3,906 (4,647) 114,617 (50) 114,567 255,148 255,148 (3,297) 251,851 112,366 2,992 3,906 (4,647) 255,148 369,765 (3,347) 366,418 8,349 8,349 1,425 242,935 244,360 244,360 (12,479) (12,479) (12,479) (2,955) (3,225) 6,180 21,557 21,557 21,557 225 30,564 (2,889) 27,900 27,900 97 (97) 1,650 273,499 97 (12,479) 15,713 (3,225) 6,083 281,338 8,349 289,687 15,901 986,140 97 125,429 20,056 16,389 (4,647) 829,419 1,988,784 5,026 1,993,810 15,901 986,140 97 125,429 20,056 16,389 (4,647) 829,419 1,988,784 5,026 1,993,810 (66) (66) (2) (68) (18,121) (18,121) (18,121) (66) (18,121) (18,187) (2) (18,189) 115,054 115,054 (5,024) 110,030 (66) (18,121) 115,054 96,867 (5,026) 91,841 8,426 139,261 147,687 147,687 11,356 11,356 11,356 950 41,727 (5,187) 37,490 37,490 (18,668) 18,668 9,376 180,988 (12,499) 18,668 196,533 196,533 25,277 1,167,128 97 125,363 7,557 16,389 (22,768) 963,141 2,282,184 2,282,184

2009 38 118,748 260,389 310 (1,014) (78) 32,058 18,800 10,418 1,416 (11,884) 199 41,152 29,203 7,106 8,358 1,560 260 11,400 3,356 1,718 (3,390) (6,298) 1,185 4,981 10,159 (22,779) 11,356 21,557 36,373 2,699 (1) 391 257,548 332,160 (35,331) (15,156) 8,863 (27,073) (131,968) (92,441) (21,462) 131 (7,024) (14,258) 239 384 70,865 183,747 5 (192) (7,085) (8,339) (21) (19) 63,764 175,197

39 2009 (127,775) (20,000) 3,390 6,298 636 8 (178,943) (56,693) (131,659) (31,818) (97,629) (186,647) 159,500 (75,298) 82,166 50,500 (33,596) (6,721) (437,801) (206,480) 1,279 (412,328) (53,026) 394,000 150,375 45,006 (45,124) (126) (119) (42) 185,177 272,260 212,966 324,366 (161,071) 293,083 (68) 50,561 589,082 245,438 427,943 589,082 427,943 589,082

2009 40 1. Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands 8831 40 2. 3.

41 2009 3. 4 (a)

2009 42 3. (a) (b) (c) (i)

43 2009 3. (c) (ii) (iii)

2009 44 3. (d) 50 10 15 5 5 10 5 10

45 2009 3. (d) (e) (i) (ii) (f) 5 10 (g)

2009 46 3. (h) (i) 3(h)

47 2009 3. (j) (k) (i)

2009 48 3. (k) (ii) (l)

49 2009 3. (m) (n) (o) (p) 37 (q)

2009 50 3. (r) (s) (t) (i)

51 2009 3. (t) (ii) 5% 1,000 (iii) (u) (v)

2009 52 3. (w) (x)

53 2009 3. (x) (y) (i) (ii) (iii) (iv) (v) (i) (iv) (vi) (iv) (v) (iv) (v) (vii)

2009 54 3. (z) (aa)

55 2009 3. (aa) (ab) (ac)

2009 56 4. (a) (b) 2,000 41 (a)

57 2009 4. (b) (c) (d) 287,378,00019 (e)

2009 58 4. (f) (g) (h) (i) (j)

59 2009 5. (a) 335 334 14,922 33,043 431,218 343,961 427,943 589,082 874,418 966,420 77,470 77,699 31,400 38,475 277,135 249,220 158 207 386,163 365,601 (b)

2009 60 5. (b) (i) 48,586 4,917 4,307 2,532 1,447 2,298 68,286 76,903 10% 4,714,000

61 2009 5. (b) (ii) 10% 34,000 28,000 1,492,000 3,304,000 (iii) (iv)

2009 62 5. (b) (iv) 77,470 77,470 31,400 31,400 216,492 60,394 2,605 279,491 77 58 37 172 325,439 60,452 2,642 388,533 77,699 77,699 38,475 38,475 109,361 63,528 84,888 257,777 130 60 40 230 225,665 63,588 84,928 374,181 (v)

63 2009 5. (b) (v) 100 2,700,000 2,036,000 (vi) (vii) 6. 901,504 1,383,922 806,037 704,358 4,605 4,358 184,945 181,679 1,897,091 2,274,317

2009 64 7. 1,888 2,092 4,098 776 3,390 6,298 920 750 10,296 9,916 8. (a)(b) (c) (a) 95% (b) (i) (ii) (iii) (iv)

65 2009 8. (b) 901,504 806,037 4,605 184,945 1,897,091 33,359 27,036 3,879 76,735 141,009 10,296 10,296 (25,451) (25,451) (1,548) (53) (5,505) (7,106) 118,748 1,166,897 962,118 11,051 529,256 32,884 2,702,206 15,257 2,717,463 174,919 81,396 1,171 2,010 175,783 435,279 435,279 108,579 274,538 633 40,701 237 424,688 11,884 11,884 36,802 25,321 317 20,545 643 83,628 36,350 23 36,373 3,356 3,356 11,400 11,400 365 620 390 185 1,560

2009 66 8. (b) 1,383,922 704,358 4,358 181,679 2,274,317 178,257 31,948 3,488 75,788 289,481 9,916 9,916 (53,429) (53,429) 22,779 22,779 (2,753) (9) (5,596) (8,358) 260,389 1,313,058 529,114 9,023 488,644 27,083 2,366,922 33,377 2,400,299 119,862 74,292 1,122 4,134 207,079 406,489 406,489 26,714 3,034 687 25,354 904 56,693 27,289 7,172 241 12,618 683 48,003 311 2,350 38 2,699 224 36 260

67 2009 9. 7,085 8,339 21 19 7,106 8,358 10. 22 7 7 22 9,045 8,516 31 (334) 8,718 8,538 16.5% 12% 12% 58/99M

2009 68 10. 25% 33% 25% 238,293 (105,078) (14,467) 118,748 339,153 (87,941) 9,177 260,389 12.00% 16.50% 25.00% 12.00% 16.50% 25.00% 28,595 (17,338) (3,617) 7,640 40,698 (14,510) 2,294 28,482 (713) (55) (768) (427) (427) 16,358 4,267 20,625 16,115 2,984 19,099 (28,595) (28,595) (40,698) (40,698) (3,758) (3,758) 1,670 7,140 8,810 2,577 1,677 4,254 (2,728) (2,728) 23 976 999 25 2,164 2,189 2,125 2,125 7 7 7 8,711 8,718 22 8,516 8,538

69 2009 11. 32,058 18,800 1,272 1,336 80 1,352 1,336 1,491,777 1,764,541 41,152 29,203 1,185 10,159 4,981 1,560 260 36,373 2,699 1,718 3,356 11,400 26,822 14,217 12 41,215 35,694 3,588 21,557 534 542 45,337 57,793

2009 70 11. 6,950 6,950 11,363 6,926 8,311 4,951 13,795 7,692 12. 161 150 150 4,056 4,409 36 43 1,044 5,286 4,602 (a) John Handley 50 50 50 50 50 50 150 150

71 2009 12. (b) 1,800 12 1,812 1,800 12 1,812 456 12 468 1,044 1,044 4,056 36 1,044 5,136 1,740 12 1,752 1,600 12 1,612 596 7 603 473 12 485 4,409 43 4,452

2009 72 12. (b) 2,760 2,791 12 12 399 3,171 2,803 1,000,000 1 2 1,000,0001,500,000 2 1

73 2009 13. 28,193,000 20,052,000 14. 20 1 15. 115,054,000 255,148,0001,898,381,175 1,930,352,523 33(a) 115,054,000 255,148,0001,900,020,951 1,951,176,331 1,898,381,175 1,930,352,5231,639,776 20,823,808 33(a)

2009 74 16. 330,329 19,964 58,725 33,491 442,509 26,999 924 1,025 20,413 7,332 56,693 10,587 11,537 1,008 3,639 1,718 28,489 104 387 30,561 31,052 (224) (161) (385) (9,873) (9,873) 46,580 54 1,568 7 1,624 49,833 404,726 12,902 23,341 113,345 44,004 598,318 3,200 111,692 364 55,628 8,136 179,020 818 71 207 288 1,384 (1,445) (44) (1,579) (3,068) (10,529) (10,529) 397,397 125,412 22,331 169,136 50,849 765,125 7,962 4,929 6,539 19,430 9,481 106 3,699 9,901 6,016 29,203 (66) (51) (117) (9,873) (9,873) 392 6 303 2 117 820 112 11,898 14,832 12,621 39,463 10,529 3,227 3,405 17,617 8,104 42,882 (568) (7) (297) (872) (10,529) (10,529) 3,339 14,735 32,442 20,428 70,944 397,397 122,073 7,596 136,694 30,421 694,181 404,726 12,790 11,443 98,513 31,383 558,855

75 2009 16. 125,412 22,331 169,136 50,849 367,728 397,397 397,397 397,397 125,412 22,331 169,136 50,849 765,125 12,902 23,341 113,345 44,004 193,592 404,726 404,726 404,726 12,902 23,341 113,345 44,004 598,318 41,152 29,203 20 1,730 42,882 29,203

2009 76 16. 1,648,000 2,216,000 29 359,984,000 366,712,000 270,000 315,000 3,573 2,867 2,158 5,731 5,731 8,598

77 2009 16. 224 105 329 51 380 64 53 117 72 189 191 212

2009 78 17. 18. 23,845 6,721 2,708 (31,052) 1 2,223 33,596 (1,384) 34,435 19. 168,090 121,006 (1,718) 287,378

79 2009 19. (a) 89,472 89,472 (b) 128,861 128,861 (c) 69,045 69,045 287,378 287,378 (a) 15% 5% (b) 15% 5% (c) 15% 5%

2009 80 20. 1,644 1,644 2,063 2,063 (2,194) (2,194) (199) (199) 1,314 1,314 26,943 15,435 170 42,548 (14,388) (14,388) 12,830 (1,055) 109 11,884 39,773 1,306 279 41,358 1,730,0002,295,0002,673,000 39,773 39,773 1,306 279 1,585 1,314 39,773 1,306 279 41,358 1,314

81 2009 20. 2,000 517 4 538 (a) (b) (c) (d) 5,907 14,388 813 2,194

2009 82 21. (a) (b) (c) 103,000 1,500 104,500 31,818 31,818 134,818 1,500 136,318 17,000 97,443 17,216 131,659 151,818 97,443 17,216 1,500 267,977 25,825 750 26,575 18,650 150 18,800 44,475 900 45,375 22,163 9,745 2,295 150 34,353 11,400 11,400 78,038 9,745 2,295 1,050 91,128 73,780 87,698 14,921 450 176,849 90,343 600 90,943

83 2009 21. (a) 73,780,000 90,343,000 3.6 4.5 11,400,000 (b) 87,698,000 4.5 (c) 17,216,000 4.3 22. 8,825 19,307 32,983 31,364 41,808 50,671 23. 108,000 108,000

2009 84 24. 14,922 33,043 335 334 15,257 33,377 25. 849 979 369 914 205,611 169,915 206,829 171,808

85 2009 26. 30 120 15 90 130 137,325 212,045 3160 108,143 81,000 6190 58,324 4,980 90 29,884 333,676 298,025 6,718,000 90 4,430 90 2,288 6,718 27. 279,742,000 435,681,000

2009 86 28. 130 73,273 77,138 3160 2,690 403 6190 616 158 90 891 77,470 77,699 29. 36 274,620 247,941 16 2,515 1,279 277,135 249,220 214,543 105,016 60,120 60,347 2,472 83,857 277,135 249,220 (214,543) (105,016) 62,592 144,204

87 2009 29. 274,620 274,620 2,515 2,515 274,620 2,515 277,135 247,941 247,941 1,279 1,279 247,941 1,279 249,220 1.21% 5.75% 2.81% 6% 2.52% 2.62% 2% 36 35,000 28,000 1.51% 2.07%

2009 88 30. 77 130 69 114 95 100 89 93 172 230 158 207 (14) (23) 158 207 158 207 (69) (114) 89 93 5.99% 8.86% 5.99% 7.12%

89 2009 31. 8,693 (2,366) 1,187 7,514 10 (334) 7,180 5,416 4,815 4,891 4,170 11,834 3,173 79,215 25,816 101,356 37,974 44,847,000 16,613,000

2009 90 32. 8,485 9,260 1,014,000 78,000 33. 0.01 10,000,000,000 100,000 0.01 1,425,130,000 14,251 142,500,000 1,425 22,500,000 225 1,590,130,000 15,901 (a) 842,565,000 8,426 (b) 95,000,000 950 2,527,695,000 25,277

91 2009 33. (a) 0.18 842,565,0000.01 151,662,000 139,261,000 (b) 95,000,0000.3520.550 95,000,000 0.01 37,490,000 34. (a)

2009 92 34. (b) 761,205 1,388 141,174 903,767 242,935 242,935 30,564 (2,889) 27,675 21,557 21,557 20,052 20,052 1,034,704 20,056 161,226 1,215,986 1,034,704 20,056 161,226 1,215,986 33(a) 139,261 139,261 11,356 11,356 33(b) 41,727 (5,187) 36,540 (18,668) 18,668 28,193 28,193 1,215,692 7,557 208,087 1,431,336

93 2009 34. (c) (i) (i) (ii) (iii) (ii) 377 (iii) 3(c) (iv) 3(u) (v) 3(d) (vi) 3(k)(ii)

2009 94 35. 10% 1% 0.1% 5,000,000 1

95 2009 35. (i) (ii) John Handley 1,500,000 (1,500,000) 1.612 2,000,000 (2,000,000) 0.994 (iii) 15,000,000 (15,000,000) 0.724 (iii) 15,000,000 (15,000,000) 0.724 17,595,000* 17,595,000 97,500,000 (97,500,000) 0.617* 1.240 55,000,000 (55,000,000) 79,177,500* # 79,177,500 788,256* 788,256 0.994 0.469* 0.212* 11,823,840* 11,823,840 1.020* 50,000,000 (50,000,000) 0.352 30,000,000 (30,000,000) 0.388 32,595,000* (15,000,000) 17,595,000 0.469* 168,612,096 239,367,500 (95,000,000) (186,000,000) 126,979,596

2009 96 35. (i) (ii) John Handley 1,500,000 1,500,000 1.612 2,000,000 2,000,000 120,000,000 (22,500,000) 97,500,000 0.994 1.240 55,000,000 55,000,000 672,000 672,000 0.994 0.249 10,080,000 10,080,000 1.196 10,752,000 178,500,000 (22,500,000) 166,752,000 * # (i) 79,177,500 (ii) (iii)

97 2009 35. 168,612,096* 1.14* 10,752,000 1.137 239,367,500* 0.482* 178,500,000 1.165 (95,000,000) 0.395 (22,500,000) 1.240 (156,000,000) 1.154 (30,000,000) 0.724 126,979,596 0.539 166,752,000 1.153 126,979,596 0.539 166,752,000 1.153 * 22,911,000 21,557,000 0.0683 0.0411 0.0532 0.1025 0.1942 0.700 0.340 0.370 0.55 0.55 0.724 0.352 0.388 0.55 0.55 57.61% 70.53% 84.14% 96.60% 71.44% 1.00% 0.20% 0.01% 0.03% 0.604% 91 91 91 91 638 0.00% 0.00% 0.00% 0.00% 0.00%

2009 98 35. 5.11 0.212 1.02 0.2491.612 3,074,0002,057,0001,595,00016,185,000 126,979,596 166,752,000 126,979,596 166,752,0001,269,796 1,667,520 67,200,000 190,531,000 36. 37. (a) (b) 274,000,000 247,000,000

99 2009 38. 45,234 94 45,328 39. 2,717 3,788 20,387 22,616 6,207 25,291 29,311 51,695 1 20

2009 100 40. 47,780 47,780 1,433,804 1,212,290 1,481,584 1,260,070 Fiorfie Trading Limited 1,000 100% Alfe Trading Limited 2 100% Amazing Victory Ltd. 1 100% B E L Agricultural Development Co., Limited 1 70%

101 2009 40. BELS Company Limited 1 70% Deal Time Holdings Limited 1 100% Earth Power Group Limited 50,000 100% Gold Ace Development Limited 100 100% Golden Harvest (Macao Commercial Offshore) Limited 100,000 100% Golden Sector Agro-Development Limited 10,000 100% 10,000 100% Harvestgate Enterprises Limited 30,000 100% Heng Tai Consumables Group (Australia) Pty Limited 10,000 100% Heng Tai Consumables Group (New Zealand) Limited 10,000 100% Heng Tai Finance Limited 10,000 100%

2009 102 40. 100,000 100% * 20,000,000 70% 39,802,914 100% Hurdle Limited 1 100% Imation Development Limited 100 70% * 30,000,000 100% Master Oriental Limited 10,000 100% New Sino International Ltd. 10,000 100% Nexus Logistics (International) Limited 4,000,000 70% Nexus Logistics Development Limited 100 70% Panna Fine Group Limited 1,000,000 100%

103 2009 40. Profit Step Development Limited 100 100% Rich Label Holdings Inc. 100 100% Shanghai Sypher Ltd.* 10,100,000 100% 2 100% Simming Light Investment Ltd. 10,000 100% Sino Combo International Limited 10,000 100% Step First Ltd. 1 100% 10,000 100% Sunning State Group Limited 2,000,000 100% Swift Force Logistics Limited 3,000,000 100% Triglory (H.K.) Limited 1 100% Triglory Enterprises Limited 10,000 100% Vipro Enterprises Limited 100 70%

2009 104 40. Wide Fortune Investments Limited 5,600,000 70% Zhong Tao (Jiujiang) Agricultural Development Co., Ltd.* 1,000,000 100% * 1,900,000 100% * 1,000,000 70% * 41. 42.