年報 2013

2 3 6 13 18 26 38 40 41 43 45 112 35 37

2 11 31 Clarendon House 2 Church Street Hamilton HM 11 Bermuda Codan Services Limited Clarendon House 2 Church Street Hamilton HM 11 Bermuda 183 22 88 1 15 1512 00346 www.yanchangpetroleum.com

3 2013 12 31 2013193 1.5 1.524,223 2.6 7,7255,283 0.38 2012 12 Office Des Mines Nationales Et Des Industries StrategiquesOMNIS Novus Energy Inc.Novus 2013 Novus2013 9 3 Novus 2014 1 20 Novus

4 Sproule Associates Limited Novus2013 12 312P2175 2009 Novus300 Novus2012 30592013 4000 Novus2014898,173 20% NovusViking Novus Viking 2013 2013 12 31 2201527,713 2013 2013 2014 2 27 20142016 180 2014 2013 1.08 2013 2014 4 5 2013 3,500 70% 2014 OMNIS 2013 10 4 3113 2104 2 OMNIS 2013 11 25 3113 2104 20142104 197 2014 4 2014 2014 20143113470

5 2014 Novus Novus 2014

6 % 19,354,899 7,572,880 156% 152,799 42,236 262% 0.8% 0.6% 17,591 (47,213) (2,171) (2,787) (22%) (68,103) (51,511) 32% (183) (100%) (22,008) (16,010) 38% (25,274) (1,785) 1,316% 52,834 (77,253) 0.38 (1.13) (i)(ii) 19,354,899,0007,572,880,0001.5 0.6% 0.8% 152,799,00042,236,0002.6

7 17,591,000 47,213,000 (i)13,794,000(ii) 7,557,000(iii)2,571,000(iv) 6,721,000 2,787,0002,171,000 16,592,000Novus 22,008,000 5,998,000

8 25,274,000 77,253,000 52,834,000 1.13 0.38 % 171,102 142,463 20% 20,962 20,949 0.1% 29,099 34,697 (16%) 293,120 285,334 3% 8,584,612 8,572,971 0.1% 196,072 196,072 51,418 51,418 28,106 76,299 (63%) 130,790 265,178 (51%) 848,460 634,146 34% 153,197 270,788 (43%) 320,000 212,820 50% 20%

9 (i)(ii) 5,598,000 293,120,000 7,786,000 2104 3113 11,641,000 3113 31133113 Gold Grand Investments Limited Gold Grand21% 70%51,418,000 3113 3113134,388,000

10 214,314,000848,460,000 117,591,000 1,007,356 975,623 10,353,741 10,279,527 481,831 491,922 567,391 576,803 9,786,350 9,702,724 5.8% 5.9% 209% 198% 320,000,000 211,820,000 1,550,000,000 1,984,000,000 848,460,000 634,146,000

11 5.8% 5.9% 209% 198% NovusNovus 232,000,000 1,720,000,000 0.4 1,600,000,000 Novus Novus Novus 1,600,000,0000.4 4,000,000,000 Gold Grand 21%

12 79,344,000 2,050,000 9070 11,724,000 11,615,000 12,000,000

13 48 SH.600248 (EMBA) Yanchang International (Canada) LimitedYICL 48 SH.600753 YICL

14 40 (CFA) SWIFTTRADE 60 17 11911 9 57

15 48 39 44

16 39 University of Wollongong 60 56 144

17 50

18 25 7 3740 19,354,899 7,572,880 512,210 1,020,769 1,039,758 1,276,639 78,108 (75,468) (138,823) 25,335 (44,795) (1,834,729) (25,274) (1,785) (5,465) (2,322) (2,548) (4,066) 52,834 (77,253) (144,288) 23,013 (47,343) (1,838,795) 30,920 (77,656) (149,335) 23,013 (47,343) (1,838,419) 21,914 403 5,047 (376) 52,834 (77,253) (144,288) 23,013 (47,343) (1,838,795)

19 9,346,385 9,303,904 9,193,510 8,534,034 8,537,208 8,554,869 1,007,356 975,623 216,528 331,854 204,786 240,059 10,353,741 10,279,527 9,410,038 8,865,888 8,741,994 8,794,928 (481,831) (491,922) (358,251) (104,521) (132,839) (273,832) (85,560) (84,881) (85,425) (1,345) (1,766) (3,088) (567,391) (576,803) (443,676) (105,866) (134,605) (276,920) 9,786,350 9,702,724 8,966,362 8,760,022 8,607,389 8,518,008 18 20 30 31

20 4,536,551,000 54,045,000 4,876,210,000 (1) 92%56% (2) 96%39% 5% 5% 39 35 57 104,100

21 William Rakotoarisaina 87(1) 3.13 1316

22 39 XV 352 300,000 0.003% 300,000230,00070,00070,000 30

23 336 1 2,440,769,547 29.96% 1 2,440,769,547 29.96% 2 1,088,915,555 13.37% Wisdom On Holdings Limited Wisdom On2 1,042,435,555 12.80% Hoifu Petroleum Group Investment Holding Limited Hoifu3 1,042,435,555 12.80% 1 2,440,769,547 2 Wisdom On1,042,435,555 Triumph Energy Group Limited44,400,000 Golden Nova Holdings Limited2,080,000 1,088,915,555 3 HoifuWisdom On 1,042,435,555 Hoifu 5%

24 39 (1) 13,500,000,000 16,265,000,000 (2) (a)(b) (c) 3000 740 14A.38 41 10 26 34

25 25%

26 14 1. A.4.1 2. A.4.2 3. A.6.7 10

27 (a) (b) 3.10(1) 3.10(2) 3.13

28 (i) (ii)(iii) (iv) (3) 14

29 (i)(ii) (iii) 1014

30 B.1.2(c)(ii)

31 4/9 William Rakotoarisaina 1/2 9/9 9/9 1/1 1/1 2/9 3/9 2/9 9/9 8/9 2/2 1/1 9/9 2/2 1/1 9/9 2/2 1/1 1/1 9/9

32 1,911,0001,000,000911,000 17 35 (1) (2) (21) 74(3)

33 (2) 88 1 15 1512 3528 5228 3528 5238 info@yanchangpetroleum.com (3) 88 13.51(2)

34 (www.yanchangpetroleum.com) 20 13.39(4)

35 11 31 37111 90

36 P05029

37 8 19,354,899 7,572,880 (19,202,100) (7,530,644) 152,799 42,236 8 16,365 4,790 9 1,226 (52,003) (2,171) (2,787) (68,103) (51,511) (183) 10 100,116 (59,458) 13 (22,008) (16,010) 78,108 (75,468) 14 (25,274) (1,785) 52,834 (77,253) 9,630 1,562 370 9,630 1,932 62,464 (75,321) 30,920 (77,656) 21,914 403 52,834 (77,253) 37,667 (76,840) 24,797 1,519 17 62,464 (75,321) 0.38 (1.13) 0.38 (1.13)

38 18 171,102 142,463 19 20,962 20,949 20 29,099 34,697 21 293,120 285,334 22 8,584,612 8,572,971 23 196,072 196,072 24 51,418 51,418 9,346,385 9,303,904 27 28,106 76,299 28 130,790 265,178 29 848,460 634,146 1,007,356 975,623 10,353,741 10,279,527 30 162,911 162,911 31 9,483,765 9,444,557 9,646,676 9,607,468 139,674 95,256 9,786,350 9,702,724

39 32 153,197 270,788 8,634 8,314 33 320,000 212,820 481,831 491,922 34 85,560 84,881 567,391 576,803 10,353,741 10,279,527 525,525 483,701 9,871,910 9,787,605

40 25 6,339,900 6,294,555 18 98 154 6,339,998 6,294,709 1,400 1,322 442,625 497,953 444,025 499,275 6,784,023 6,793,984 30 162,911 162,911 31 6,299,610 6,316,636 6,462,521 6,479,547 25 311,094 311,099 10,408 2,338 33 1,000 321,502 314,437 321,502 314,437 6,784,023 6,793,984 122,523 184,838 6,462,521 6,479,547

41 i ii iii iv v vi 130,911 5,859,769 3,156 9,896 385,000 2,285,265 159,063 39,565 8,741,714 93,737 8,966,362 (77,656) (77,656) 403 (77,253) 557 259 816 1,116 1,932 557 259 (77,656) (76,840) 1,519 (75,321) 183 183 183 26,000 637,000 637,000 663,000 6,000 142,500 142,500 148,500 836 (836) 162,911 6,639,269 3,156 10,453 385,259 2,285,265 159,246 836 (38,927) 9,444,557 95,256 9,702,724 30,920 30,920 21,914 52,834 6,747 6,747 2,883 9,630 6,747 30,920 37,667 24,797 62,464 (158,501) 158,501 (745) 745 18,961 18,961 1,541 1,541 660 2,201 7,690 (7,690) 162,911 6,639,269 3,156 17,200 385,259 2,285,265 8,526 1,541 143,549 9,483,765 139,674 9,786,350

42 (i) (i) 4,876,210,000 4,876,210,000(ii) 1,763,059,000 1,763,059,000 (ii) (iii) Madagascar Energy International Limited 7%385,000,000 93% 259,000 (iv) 0.716 1,000,000,000 24 144,100,000 0.73 210,000,000 24 11,625,000 303,521,000 (v) 10% 50% (vi) 1,541,000

43 78,108 (75,468) (13,794) (2,579) 5,835 7,025 535 522 183 6,331 2,879 198 983 34,450 26,378 3,105 (14,809) 2,201 22,008 16,010 101,422 (1,321) 46 50,185 30,928 140,878 (284,121) 49,860 (117,363) 146,463 175,122 (58,145) 13,794 2,579 (26,784) 162,132 (55,566) (30,769) (6,482) 13 360 (30,756) (6,122)

44 383,310 223,905 (22,008) (16,010) (282,094) (142,396) (84,654) 663,000 18,961 98,169 643,845 229,545 582,157 634,146 29,485 (15,231) 22,504 848,460 634,146 848,460 634,146

45 1. 2. 36 1 7 10 11 12 10 11 12 13 1 19 27 28 36 20

46 2. 1 1 1 1 1(a) (b) 1 36 36 13 13 13 13 13 2 17 13 13 13

47 2. 13 13 13 13 5 2 9 9 4 7 9 4 10 1 12 27 14 3 19 2 32 1 39 1 1 21 1 2 3 4 5

48 2. 9 99 9 39 9 9 39 9

49 2. 10 12 27 10 12 27 32 32 32

50 2. 39 39 39 21 21 21

51 3. 217 236 1 21 3

52 3. (a)

53 3. (a) (i) (ii) 39 (b) (i) 12 19 (ii) 2 (iii) 5

54 3. (b) 39 37

55 3. (c) (d)

56 3. (e)

57 3. (f) 20% 30% 20% 20% 30% 50

58 3. (g) (h) (i)

59 3. (j)

60 3. (k) (l) (i) (ii) (iii)

61 3. (m) (n)

62 3. (n) (o)

63 3. (p)

64 3. (p) 30

65 3. (p)

66 3. (p)

67 3. (q) (r) (s) (t)

68 3. (u) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i)

69 3. (v) (w) 4. 3 (a)

70 4. (b) 22 (c) (i) (ii) (iii)

71 4. (d) 16 (e) 34,450,000 293,120,000 285,334,00021 (f)

72 5. (a) 28 28,117 24,667 848,460 634,146 876,577 658,813 23 196,072 196,072 1,072,649 854,885 27,581 20,321 33 320,000 212,820 347,581 233,141 25 1,742,809 1,697,833 442,625 497,953 2,185,434 2,195,786 25 311,094 311,099 10,408 2,338 33 1,000 321,502 314,437

73 5. (b) (i) (ii) 33 100 100 5,285,0004,223,000

74 5. (b) % 27,581 27,581 27,581 6.00 325,961 325,961 320,000 353,542 353,542 347,581 20,321 20,321 20,321 6.23 218,948 218,948 212,820 239,269 239,269 233,141

75 5. (b) % 311,094 311,094 311,094 10,408 10,408 10,408 321,502 321,502 321,502 311,099 311,099 311,099 2,338 2,338 2,338 1,000 1,000 1,000 314,437 314,437 314,437 (c) (i) (ii) (i) (ii) (iii) 1 2 1 3

76 6. 473,197 483,608 9,646,676 9,607,468 4.9% 5.0% 7. (a) (b)

77 7. 19,354,899 7,572,880 19,354,899 7,572,880 121,144 20,330 (2,936) (3,945) 118,208 16,385 16,365 4,790 (183) 14,809 (26,378) (3,105) (6,331) (2,879) (34,450) (28,126) (28,447) 100,116 (59,458) (22,008) (16,010) 78,108 (75,468) (25,274) (1,785) 52,834 (77,253)

78 7. 997,577 931,650 8,846,414 8,846,214 9,843,991 9,777,864 509,750 501,663 10,353,741 10,279,527 544,207 562,763 9,945 7,734 554,152 570,497 13,239 6,306 567,391 576,803 5,386 5,115 176 1,503 273 407 5,835 7,025 515 502 20 20 535 522 * 30,738 5,812 11,641 26,938 31 28 42,410 32,778 *

79 7. 19,354,899 7,572,880 556,656 525,617 176 581 8,789,553 8,777,706 19,354,899 7,572,880 9,346,385 9,303,904 19,354,899,000 7,572,880,000 15,773,213,000 5,155,008,000 10% 10% A 10,821,510 5,155,008 B 4,951,703

80 8. 19,354,899 7,572,880 13,794 2,579 2,571 2,210 1 16,365 4,790 9. 7,557 14,809 (6,331) (2,879) (34,450) (26,378) (3,105) 1,226 (52,003)

81 10. 19,202,100 7,530,644 1,000 1,000 5,835 7,025 535 522 5,469 5,095 198 983 11,597 11,494 127 121 183

82 11. 161 250 187 250 187 2,428 1,800 2,428 1,800 250 187 250 187 250 250 250 250 250 250 250 250 250 187 250 187 250 187 12 8 262 195 William Rakotoarisaina 75 250 75 250 62 3 65 62 62 62 62 62 62 21 21 128 128 128 128 128 128 128 128 128 96 128 96 130 130 32 32 514 384 4,003 3,567 12 11 4,529 3,962

83 11. 1,000,000 11 17 1,000,001 1,500,000 1,500,001 2,000,000 1 2,000,001 2,500,000 1 12 18 514,000 384,000 12. (a) 11 2,657 2,640 54 31 2,711 2,671

84 12. (a) 1,000,000 3 2 1,000,001 1,500,000 1 1 4 3 (b) 1,000,000 2 1 1,000,001 1,500,000 1 1 3 2

85 13. 22,008 16,010 14. (a) 26,876 3,357 34 (1,602) (1,572) 25,274 1,785

86 14. (b) % % % % (17,397) 98,031 (2,526) 78,108 (2,871) (16.5) 24,508 25.0 (505) (20.0) 21,132 27.1 (467) (2.7) 1,093 1.1 (78) (3.1) 548 0.7 61 0.4 (738) (0.7) 78 3.1 (599) (0.8) 3,277 18.8 133 0.1 644 25.5 4,054 5.2 200 0.2 200 0.3 (61) (2.4) (61) (0.1) 25,196 25.7 78 3.1 25,274 32.4 % % % % % 102,458 (559) (111,551) (65,816) (75,468) 16,906 16.5 (140) (25.0) (13,386) (12.0) (13,821) (21.0) (10,441) (13.8) (20,619) (20.1) 2,714 485.5 13,386 12.0 12,997 19.7 8,478 11.2 61 0.1 (720) (128.8) (659) (0.9) 3,652 3.5 964 172.4 824 1.3 5,440 7.2 (976) (174.6) (976) (1.3) (57) (0.1) (57) (0.1) 1,842 329.5 (57) (0.1) 1,785 2.3

87 15. 10,868,000 16,520,000 16. 17. 30,920 (77,656) 8,145,573 6,857,048

88 18. 132,660 2,999 1,411 5,127 4,925 147,122 39 18 921 1,749 3,755 6,482 (673) (4,211) (4,884) (1,078) (1,078) 1,432 223 10 12 52 1,729 133,053 3,240 1,669 2,677 8,732 149,371 274 272 488 29,735 30,769 (113) (652) (765) 3,631 87 35 56 292 4,101 136,684 3,488 1,976 2,569 38,759 183,476 553 99 313 2,282 3,247 4,461 402 731 1,431 7,025 (267) (3,275) (3,542) (26) (26) 4 191 9 204 4,992 692 786 438 6,908 4,388 523 343 581 5,835 (65) (489) (554) 144 18 18 5 185 9,524 1,168 1,147 535 12,374 127,160 2,320 829 2,034 38,759 171,102 128,061 2,548 883 2,239 8,732 142,463

89 18. 1,554,000 502,000 292 (17) 275 66 58 (3) 121 56 177 98 154

90 19. 21,497 21,471 28 535 522 20,962 20,949 21,497 21,471 21,471 21,764 (535) (522) 561 229 21,497 21,471 535,000 522,000 20. 39,652 (3,105) 1,554 (2,879) (525) 34,697 (6,331) 733 29,099 6,331,000 2,879,000

91 20. 21,299 5.50% 10.50% 8 269 49 7,800

92 20. 21. 282,243 249,842 532,085 3,091 3,091 285,334 249,842 535,176 7,786 7,786 293,120 249,842 542,962 215,392 215,392 34,450 34,450 249,842 249,842 293,120 293,120 285,334 285,334

93 21. 34,450,000 21.4%16.3%

94 22. 12,303,734 26,296 12,330,030 11,641 12,341,671 3,757,059 8,584,612 8,572,971 a. (i) 21043113 (ii) 21043113 b. 3113 3113 c. 6 36 d. e. 21043113

95 23. 196,072 196,072 Jubilee Star Holdings LimitedJubilee Star Gold Grand Investment LimitedGold Grand30% 333,060,000300,000,000 0.495 150,000,000184,560,000 Gold Grand 30%Gold Grand 40% Jubilee Star 150,000,000Gold Grand 30%11% Gold Grand 19%210,938,00026,378,000 Gold Grand Gold Grand Gold Grand

96 24. 51,418 51,418 51,418 51,418 20.0% 16.3% 3%

97 25. 4,847,011 4,847,011 (249,920) (250,289) 4,597,091 4,596,722 1,769,889 1,718,421 (27,080) (20,588) 1,742,809 1,697,833 6,339,900 6,294,555 311,094 311,099 250,289 (369) 250,289 249,920 250,289 20,588 5,280 6,492 15,308 27,080 20,588

98 25. Madagascar Energy International Gas Station Group Limited 10,000,000 100 Dolaway Group Limited 100 100 Madagascar Petroleum International Limited Madagascar Energy International Limited 1,000 100 1,000 93 7 1 100 30,000,000 100 25,500,000 100 35,000,000 70 Metro City Group Limited 1 100 100 100 1 100 * 50,000,000 70 ** 1 100 Active Sino Group Limited Yanchang International (Canada) Limited*** 1 100 1 100 * ** *** Yanchang International (Canada) Limited

99 25. 30% 30% 22,007 403 120,562 95,256 440,835 406,049 505,238 474,199 (459,862) (478,992) (84,337) (83,736) 401,874 317,520 19,354,899 7,572,880 (19,202,100) (7,530,644) 73,357 1,342 8,796 3,353 82,153 4,695 175,998 23,170 (30,725) (5,812) 80,208 71,245 225,481 88,603

100 26. 3113 31% 211,553 211,740 (12) (176) (511) 27. 28. 19 535 522 101,886 239,919 252 70 28,117 24,667 130,790 265,178

101 28. 2,793 (2,793) 29. 666,564,000 135,864,000 30. 0.02 100,000,000 100,000,000 2,000,000 2,000,000 0.02 8,145,573 6,545,573 162,911 130,911 i 300,000 6,000 ii 1,300,000 26,000 0.02 8,145,573 8,145,573 162,911 162,911

102 30. (i) Jubilee StarGold Grand 30%333,060,000 (i) 184,560,000 (ii) 148,500,0000.495 300,000,000 (ii) 1,300,000,0000.51 10% 1% (i) (ii)(iii) 281

103 30. * 2010(A) 1,000,000 (1,000,000) 10/12/2010 10/12/2011 9/12/2015 2010(A) 1,000,000 (1,000,000) 10/12/2010 10/12/2012 9/12/2015 2010(B) 10,000,000 (10,000,000) 10/12/2010 10/6/2011 9/12/2013 0.7 0.68 0.7 0.68 0.7 0.68 12,000,000 (12,000,000) * 2010(A) 1,000,000 1,000,000 10/12/2010 10/12/2011 9/12/2015 2010(A) 1,000,000 1,000,000 10/12/2010 10/12/2012 9/12/2015 2010(B) 10,000,000 10,000,000 10/12/2010 10/6/2011 9/12/2013 0.7 0.68 0.7 0.68 0.7 0.68 12,000,000 12,000,000 12,000,000 0.14% 0.7

104 30. 10% 1% (i) (ii)(iii) 281

105 31. 41 i ii 5,859,769 54,045 159,063 (253,806) 5,819,071 183 183 637,000 637,000 142,500 142,500 (282,118) (282,118) 6,639,269 54,045 159,246 (535,924) 6,316,636 (158,501) 158,501 (745) 745 (17,026) (17,026) 6,639,269 54,045 (393,704) 6,299,610 (i) (i)4,876,210,000 4,876,210,000(ii) 1,763,059,000 1,763,059,000 (ii) (iii) 4,536,551,000 4,394,330,000 54,045,000 54,045,000 4,876,210,000 4,876,210,000

106 32. 23 125,616 250,467 27,558 20,321 153,197 270,788 0 30 23 33. 1,000 1,000 320,000 211,820 320,000 212,820 1,000 320,000 212,820 1,000 320,000 212,820 1,000 1,000 1,000 320,000 211,820 320,000 212,820 1,000

107 33. 6.00% 6.00% 6.56% 34. 7,344 1,778 5,742 70,561 85,425 80 19 33 773 905 (57) (57) (795) (795) (720) (720) 123 123 7,424 1,797 4,326 71,334 84,881 203 49 144 1,946 2,342 (61) (61) (1,602) (1,602) 7,627 1,846 2,807 73,280 85,560

108 35. 127,000 121,000 36. 5,642 3,579 6,885 381 50 12,527 4,010

109 36. 2,675 1,976 6,748 7,402 50 839 9,473 10,217 37. 79,344,000 2,050,000 38. 39. 11 12 6,776 6,591 51 47 6,827 6,638

110 39. 4,619,739 40. Gold Grand 30%150,000,000 184,560,000 Gold Grand30%11% 41. (a)

111 41. (b) 1,600,000,000 0.40 Novus Energy Inc. Novus NovusNovus 1,600,000,000 Novus (c) 4,000,000,000 42. 43.

112 Villa NY Ambaniandro Propsper Emphyteose, the whole lot being 59441/59442A Section Bd No 1 Vol II 230/N 1205 Soanierana District, Antananarivo, The Republic of Madagascar 100% 107 70% 70% 70% 20 70% 22 70% 16 16 1601 1609 70% 70%