China Titans Energy Technology Group Co., Limited 200,000,000 20,000, ,000, % 0.004%0.005% C (www.hkexnews.hk)

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Transcription:

China Titans Energy Technology Group Co., Limited 200,000,000 20,000,000 180,000,000 1.2 1% 0.004%0.005% 0.01 2188 32 342C 1.05 1.2 (www.hkexnews.hk) (www.titans.com.cn) *

1 (www.hkexnews.hk) (www.titans.com.cn) www.eipo.com.hk eipo 2... 3...... eipo... 3... 4... (www.titans.com.cn) 5 (www.hkexnews.hk)......

www.iporesults.com.hk... 6... 7 8...... (1) (2) www.eipo.com.hk (3) (4) (5) (6) (i) (ii)

(7) (8) 1,000,000 183 17 1712-1716 1,000,000 eipo eipo eipo

... i... 1... 28... 43... 46... 68... 70... 77... 78... 80... 82... 92... 101... 124... 124... 126... 132... 134... 151... 158... 161... 163... 165

... 166... 181... 185... 185... 186... 189... 191... 194... 195... 195... 199... 199... 200... 207... 212... 215... 224... 227... 230... 293... 300... 308... 322... I-1......... II-1 III-1 IV-1... V-1... VI-1

(UPS) PASS PASS LED 12.69% 18.65% 75.46% 60.45% 11.85% 21.00% PASS

(1)(2) 35 30 23 12

% % % 23,515 16.28 30,458 17.37 36,306 16.77 102,584 71.04 90,675 51.71 70,253 32.46 18,305 12.68 54,205 30.92 109,893 50.77 144,404 100 175,338 100 216,452 100 55,300,000 49,600,000 27,300,000

10% 80% 82 10% 12 18 30 90 112 172 90% 82

188.43 217.15 258.66 % % % 90 57,728 72 57,656 54.3% 54,577 58,184 2 58,182 42.5% 47,195 117,316 758 116,558 52.8% 2,052 91 180 21,848 139 21,709 20.5% 21,709 36,721 226 36,495 26.7% 36,495 40,333 450 39,883 18.1% 8,110 181 365 14,513 175 14,338 13.5% 14,338 18,335 24 18,311 13.4% 17,323 47,990 2,329 45,661 20.7% 16,376 12 12,699 1,881 10,818 10.2% 10,818 26,655 4,600 22,055 16.1% 18,976 18,870 3,154 15,716 7.0% 3,741 23 2,815 1,525 1,290 1.2% 1,290 2,562 1,600 962 0.7% 962 5,248 2,613 2,635 1.2% 22 3 1,534 1,247 287 0.3% 287 2,605 1,759 846 0.6% 846 2,331 1,846 485 0.2% 19 111,137 5,039 106,098 100% 103,019 145,062 8,211 136,851 100% 121,797 232,088 11,150 220,938 100% 30,320

90 4,447 2,377 8,186 91 180 2,397 3,177 3,105 181 365 4,231 4,406 7,038 12 5,878 7,464 4,822 23 2,635 2,286 1,765 3 1,267 2,238 961 20,855 21,948 25,877 68% 38% 7% 30 90 20.36% 12.45%

220,900,000 60% 30% 13 2410% 24 41,594,000 69,963,000 81,243,000 38.8% 51.1% 36.6% 9,608,000 5,311,000 15,783,000 55.2% 19.4% 46.4% 75% 90%95% 5% 139.36 229.13 263.20 197.98 214.64 257.75 207.87 228.90 273.65

5.5% 14.0% 18.1% 22.0% 44.1% 27.8% 32.3% 36.2% 6.9% 26.6% 11.4% 22.5% 46.6% 32.4% 35.1% 18.5% 7.9% 12.5% 27.0% 19.5% 19.3% 19.7% 45.8% 48.3% 100% 100% 20.36% 96.57% 86.27% 12.45% 97.12% 89.01% 13.66%

17 117,000,000 135,200,000 183,400,000 81.0% 77.1% 84.7% (i) 95,200,000 106,900,000 150,700,000 78.8% 73.8 83.6% (ii) 21,800,000 28,300,000 32,700,000 92.7% 92.9% 89.9% 90 44,570 28,281 96,824 91 180 12,215 28,337 22,309 181 365 9,661 11,180 30,060 12 8,589 17,982 11,750 23 1,092 843 1,020 3 140 640 331 76,267 87,263 162,294 98.1% 88.9% 11.9%

90 7,652 21,717 16,607 91 180 7,851 3,216 6,725 181 365 1,471 1,135 8,606 12 89 519 17,063 26,587 31,938 100% 100% 21.4% 75 89% 44%

PASS LED (1) (2) (1) (2) % 3,314 3,150 95.0 10,210 8,280 81.1 3,935 3,612 91.7 12,270 9,524 77.6 (3) 4,129 3,841 93.0 13,271 12,369 93.2 1 2 3 LED LED 1,628 985 60.5% 678 431 63.5% 2,295 2,219 96.7% 1,233 1,078 87.5%

88.03% 11.97% Thomas Pilscheur Clear Profit Benefit Way Bright LuckEnhance Investment 4.82% Wealth Source 2.47% 58.85% 21.4% 23.4% PASS 1.1%

4 8,300700 10% 26,500,000 99% 99%

14,000,000 99% 139,300,00010.0 18,500,000 2 3 27,100,000 15,700,000 187,500,000 17,800,000 12

LED

144,404 100.00 175,338 100.00 216,452 100.00 (74,370) (51.50) (95,990) (54.75) (114,825) (53.05) 70,034 48.50 79,348 45.25 101,627 46.95 7,082 4.90 10,607 6.05 7,582 3.50 830 0.38 104 0.06 179 0.08 (22,369) (15.49) (20,211) (11.53) (22,614) (10.44) (13,286) (9.20) (23,442) (13.37) (26,563) (12.27) (1,126) (0.78) (1,290) (0.73) (1,386) (0.64) 40,335 27.93 45,116 25.73 59,655 27.56 (5,916) (4.10) (6,416) (3.66) (6,431) (2.97) 34,419 23.83 38,700 22.07 53,224 24.59 34,155 23.65 38,812 22.13 54,106 25.00 264 0.18 (112) (0.06) (882) (0.41) 34,419 23.83 38,700 22.07 53,224 24.59 1,942 21,982 5.9 6.7 9.3

% % % 127,002 87.95 132,317 75.46 130,840 60.45 4,030 2.79 7,484 4.27 16,231 7.50 4,565 2.60 15,157 7.00 6,034 4.18 7,010 4.00 LED 3,181 1.81 8,758 4.05 PASS 7,338 5.08 20,781 11.85 45,466 21.00 144,404 100.00 175,338 100.00 216,452 100.00

% % % % % % % 61,914 48.75 88.41 63,600 48.07 80.15 68,024 51.99 66.93 3,125 77.54 4.46 4,217 56.35 5.31 10,030 61.80 9.87 728 15.95 0.92 8,569 56.53 8.43 2,224 36.86 3.18 2,372 33.84 2.99 LED 798 25.09 1.01 2,073 23.67 2.04 PASS 2,771 37.76 3.95 7,633 36.73 9.62 12,931 28.44 12.73 70,034 48.50 100.00 79,348 45.25 100.00 101,627 46.95 100.00

13,356 12,516 13,358 2,833 2,456 2,079 16,189 14,972 15,437 18,925 19,279 11,921 107,098 137,001 221,938 12,174 14,742 14,444 168 2 190 202 10,352 13,516 15,667 23,468 27,475 27,081 172,187 212,203 291,253 188,376 227,175 306,690 33,750 38,545 58,868 13,956 10,765 2,561 24,202 25,976 43,136 8 150 2,942 308 1,519 900 900 819 20,943 3,073 7,447 6,113 8,211 11,247 12,000 16,868 24,000 8,760 8,581 112,999 113,248 160,301 59,188 98,955 130,952 75,377 113,927 146,389

40,335 45,116 59,655 (292) (289) (132) 1,126 1,290 1,386 (104) (179) 1,529 1,611 1,850 167 377 377 21 (39) 2 (830) 85 129 2,412 3,172 2,939 39 177 57 45,551 51,311 65,125 (924) (354) 7,358 (42,162) (33,075) (87,876) (2,712) (2,743) 241 (119) 168 2,682 4,795 20,323 8,678 (3,191) (8,204) 4,712 1,774 16,760 800 (819) 16,506 17,866 13,727 (2,416) (4,318) (3,395) 14,090 13,548 10,332

(1,291) (1,197) (2,736) 1,226 (3,164) (2,151) (190) (12) 274 289 132 49 465 42 (3,000) (1,050) (3,792) (3,797) (4,725) (2,002) (8) (19,190) (16,000) (14,132) (18,868) (1,126) (1,290) (1,386) (143) (900) 12,000 19,000 26,000 (7,772) (17,870) 4,374 900 2,450 (1,032) (308) 1,519 8,864 (15,175) (5,744) (6,001) (4,877) 4,007 (394) 28,345 23,468 27,475 23,468 27,475 27,081

1.05 1.2 (2)... 840,000,000 960,000,000 (3)... 0.43 0.47 1. 2. 800,000,000 3. 1.05 1.2 800,000,000 4. 800,000,000 LED

H1N1

1,942,000 21,982,000 1.125 1.05 1.2 201,800,000 177,760,000 62,700,000 31.1% 22,000,000 20,000,000 20,700,000 75,700,000 37.5% 30,000,000 45,700,000

18,600,000 9.2% (i) (ii) (iii) (iv) 27,000,000 13.4% 11,300,000 15,700,000 1020 17,800,0008.8%

1.05 1.2 187,570,000 165,230,000 216,020,000 190,290,0001.125 201,800,000 1.125 32,000,000 /

85.08% 7.71% 7.21% 45%35% 10%10%

75% 25% 55% 20%20% 2% 3% Benefit Way Benefit Way Group Limited Bright Luck Benefit Way Enhance Investment Benefit Way Bright Luck 7,700,630 Benefit Way1.00 Bright Luck Bright Luck Management Limited 50% 50%

8235 66.66% 33.33% Clear Profit Clear Profit Resources Limited Bright Luck Clear Profit Clear Profit Bright Luck 5,639,830 Clear Profit1.00

22 32 Genius Mind Great Passion Rich Talent Honor Boom 58.86% 10,000,000 2.47% Enhance Investment Enhance Investment Enhance Investment Enterprises Limited Competent Management Limited Enhance Investment Benefit Way Benefit Way Clear Profit

Genius Mind Genius Mind Enterprises Limited Great Passion Great Passion International Limited eipo 40% 1 4

1% 0.004%0.005% 20,000,000 (a) Honor Boom Honor Boom Investments Limited 40% 30% 30% Huge Step Huge Step Holdings Limited Thomas Pilscheur 180,000,000

(b) 51% 80% 20% Jumbo Gain Jumbo Gain Enterprises Limited Thomas Pilscheur 1.82% 3.64% 94.55% Kensington Kensington Industries Limited 99.8%

75% 25%

1% 0.004%0.005% 1.051.2 1 6 30,000,000 Perfect Quality Perfect Quality Holdings Limited Thomas Pilscheur

Rich Talent Rich Talent Management Limited Bright Luck Rich Talent Bright Luck 2,759,540 Rich Talent1.00 571 0.01

LED LED LED LED LED LED LED LED Genius Mind T&TC Capital T&TC Capital Limited T&TC Capital Rich Talent Titans BVI Titans (BVI) Limited Titans BVI Right Pitch International Limited

30% 70% 99,880,000 40.57% 22.21% 18.36% 4.42%4.19% 4.08% 2.88% 1.93%1.36% BVI 75%

99% 1% Unionix Unionix (Far East) Limited 55% 45% Unionix 45% Wealth Source Wealth Source Development Limited eipo eipo www.eipo.com.hk eipo LED LED

LED LED LED LED LED LED 90% 10% 80% 20% 1,000

1,000,000 1,000 % 100 88.09 7.74 1.00

AC DC i ii

GCFW GZDW GZDW GZDW PWM LED LED LED ISO 9001 ISO 9000

PASS Plug and Switch System UPS UPS SPWM UPS

10%80% 8210% 12 18 30 90 188.43 217.15 258.66 41,594,000 69,963,000 81,243,000 38.8% 51.1% 36.6% 9,608,000 5,311,000 15,783,000 55.2% 19.4% 46.5%

(1) (2) 75,100,000 100,300,000 62,700,000 52.0% 57.2% 29.0% 77,000,000 11.27% A 159.82 229.20 295.25 B 168.36 165.83 165.26 2,412,000 3,172,000 2,939,000 1.7% 1.8% 1.4%

78,800,000 80,100,000 63,600,000 54.6% 45.7% 29.4% 15%

127,002,000 132,317,000 130,840,000 87.95% 75.46% 60.45% LED LED 10,064,000 22,240,000 40,146,0006.97% 12.68% 18.65% 4,491,000 8,041,000 9,156,0003.1% 4.6% 4.2%

% % % 23,515 16.28 30,458 17.37 36,306 16.77 102,584 71.04 90,675 51.71 70,253 32.46 18,305 12.68 54,205 30.92 109,893 50.77 144,404 100 175,338 100 216,452 100

10% 100%

PASS 31.6% 27.6% 39.3% 50,040,000 60,111,000 88,927,00034.65% 34.28% 41.08% 39,018,000 18.03% 17,367,000 19,925,000 12.03% 11.36% 5.25% Unionix 6.61% 5.18%

26 2 11

25% 15% 24% 25% 11% 12% 12.5% 25% 25% 20% 22% 24% 25%

PASS 4,328.84 7,957.83 2V/200AH 230 376BVR4 2.37 3.6PASS M0 PASS 65,000 75,000 69,113,000 88,463,000 107,376,00092.93% 92.16% 93.51% 47.8% 50.6% 49.6% 48.50% 45.25% 46.95% 23.65% 22.13% 25.00% 48.75%

48.07% 51.99% % % % 4,030 77.54 7,484 56.35 16,231 61.80 4,565 15.95 15,157 56.53 6,034 36.86 7,010 33.84 LED 3,181 25.09 8,758 23.67 1,261.00 15.51%60

31.1% 23,500,000 99%

99% 1,942,000 21,982,000

12 12

5 15 300%

20% 25% 5% 25% 10% 25%

[2009]82 25% 25% 10%

10% 5% H1N1 H1N1 H1N1 H1N1 H1N1

8.12 8.12 (a) 3.05 (b) (c) (i) (ii) (iii)

(d) (e) 3A.19 13.46

571V (a) (b) (c) 20,000,000 180,000,000

S 40

(i) 2003 71 EC2(1)(e) (ii) 2004 39 ECMiFID 24(2) (3) (4) MiFID (i) 19(5) (ii) COBS 3.6.1 (a)

(b) (1) 250(2) 43,000,000(3) 50,000,000 (c) 100 (d) 3(2) 3 2(1)(e) 2003 71 EC (i) 274 (ii) 275(2) 275(1A) 275 (iii) 275 (a)

(b) 275 (1) 274 200,000 (2) (3)

10% 44B(1)

30 30,000,000 15%

9 201 109 4 401 6 1 1 402 1307 901 13 301

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 60 26 41 09-10 9 201 402 707

www.titans.com.cn Butterfield Fulcrum Group (Cayman) Limited Butterfield House 68 Fort Street P.O. Box 609 Grand Cayman KY1-1107 Cayman Islands 183 17 1712-1716

181 27 55 11 19 12 48 99-105 18 10 5 2 27 2701-03 2705-2708 10 12

12 6 100020 Conyers Dill & Pearman Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 10 10 95 16 23 20 45

420,000 GB T4754-2002

95 300 290 850 1,700 SPWM LED

(HVDC)

4.78 7.31

2.535,000 5,763 1.52% 1,885 5,931 8,300 700 220 300 600900 50% 3 8,400 300 1.16 10% 10%

1 50 5% 1,221 200 15% 30 10 500 1 Xu Zhe

(1)(2)

50% 70% 5,930 1 29.2% 17.5% 0.55 1.20 LED LED LED LED LED 50% 1,000

1,500 20% 12% 2.7 3,000 50 60 LED

LED 1. 2. 3.

2007

13 50 15 5

222 342 5 15

(1) (2)

(3)

33% 25% 15% 24% 25% 11% 12% 12.5% 25%

13% 17% 3% 20%

1. 2. 3.

1,261.00 200 500

(a)99% (b)1% Kensington 99.8% 48% 75% 22.21% 73.79% UPS LED

歷史及發展 我們透過於多個城市成立附屬公司開始我們下階段的擴展工作 包括於二零零五年成 立珠海泰坦以進行LED產品相關業務及於二零零七年成立北京優科利爾以進行電動汽車充 電設備的銷售業務 我們亦於二零零九年一月成立石家莊泰坦以於中國河北省推廣新產 品 江陰泰坦乃於二零零九年六月成立 以推廣及銷售PASS產品及提供工程服務 本集團 的聯營公司北京華商乃於二零一零年二月成立 旨在於北京從事推廣及銷售電動汽車充電 設備及我們其他新產品的業務 我們的公司架構 我們擁有八家附屬公司 即Titans BVI 泰坦香港 泰坦自動化 泰坦科技 珠海泰 坦 北京優科利爾 石家莊泰坦及江陰泰坦及一家聯營公司北京華商 其中Titans BVI及 泰坦香港為投資控股公司 而其他公司為營運附屬公司或聯營公司 於最後實際可行日期 本集團的股權架構及公司架構如下 102

(1) Benefit Way Bright Luck Enhance Investment Benefit Way1 Benefit Way Benefit Way 2.78% Benefit Way (2) Clear Profit Bright Luck Clear Profit1 Clear Profit Clear Profit 2.04% Clear Profit (3) Honor Boom 40% 30% 30% (4) Thomas PilscheurHuge Step Jumbo Gain Perfect Quality (5) Wealth Source 2.47% Wealth Source (6) (7) Titans BVI (8) (9) (10) 45% 35% 10% 10% (11) LED 80% 20% (12) (13)

(14) PASS 51% 49% (15) 55% 20% 20% 2% 3% Titans BVI Titans BVI Right Pitch International Limited 1.00 Genius Mind Titans BVI 0.01 Titans BVI Genius Mind 3,865 Great Passion 3,866 Honor Boom (40%) 1,071 (30%) (30%) Jumbo Gain 415 Perfect Quality 399 Huge Step 383 Titans BVI Titans BVI Titans BVI Titans BVI

Titans BVI 3,866Genius Mind 3,866Great Passion 1,071 Honor Boom 415Jumbo Gain 399Perfect Quality 383 Huge Step Titans BVI (1) Honor Boom 40% 30% 30% (2) Titans BVI Genius Mind Titans BVI 138 282 386 Rich Talent Clear Profit Benefit WayGreat Passion Titans BVI 138 282 384 Rich Talent Clear Profit Benefit Way Genius Mind Great Passion Titans BVI 352 354 Honor BoomHonor Boom Thomas Pilscheur Pilscheur Pilscheur 6,399,332 6,934,002 6,666,667 Huge Step Jumbo Gain Perfect Quality Titans BVI 3.83% 4.15% 3.99% Pilscheur Pilscheur Pilscheur Pilscheur Pilscheur

Huge Step Jumbo Gain Perfect Quality Pilscheur Huge Step Jumbo Gain Perfect Quality(i) Huge Step Jumbo Gain Perfect Quality Titans BVI (ii) Huge Step Jumbo Gain Perfect Quality Pilscheur Huge Step Jumbo Gain Perfect Quality 10,000 10,000 1.00 6,134 3,866639415 399 383272160 38.66% 38.66% 6.39% 4.15% 3.99% 3.83% 2.72% 1.60% Titans BVI Titans BVI Titans BVI Titans BVI 15,000,000 38.66% 38.66% 6.39% 4.15% 3.99% 3.83% 2.72% 1.6% 15,000,000 30,000,000

30,000,000 30,000,000 42,000,000 4,000,000Kensington70% 30% Kensington 99.8%48% 22.21% 75%

4,000,00020,000,000 20,000,000 20,380,000 1:1 30,000,00030,000,0001 5,100,000 101 1.7 35,100,000 35,100,000 40,000,000

59.43% Huge Step Jumbo Gain Perfect QualityPilscheur Titans BVI Titans BVI Titans BVI 58.86% 58.85% 56.72% 50% Genius Mind Great Passion Rich Talent Honor Boom

69% 15% 10% 5% 1% 14.75% 5,900,000 99% 9.75% 3,900,000 0.25% 1 4.75% 1,900,000 0.25% 0.75% 300,000 0.25% 2 0.25% 1. 30% 2. 30% 30%

0.25% 400,0001% 99% 1% Kensington 3,000,000 5%45% 50% 37% 10% 2% 0.5% 0.5% 50% LED 18% 17% 1,050,000 3,000,000 35% 35% 20% 600,000 3,000,000 20% 80% 20%

80% 2,400,000 80% 2,000,000 55% 20% 20% 5% 2% 3% 40,000 60,000 55% 20% 20% 2% 3%

1,000,000 5,000,000 51% 49% PASS 30,000,000 6,000,000 24,000,000 45% 35% 10% 10%

Bright Luck 50% Bright Luck T&TC Capital Enhance Investment Bright Luck T&TC Capital Enhance Investment 2,759,540 5,639,830 7,700,630 Rich Talent Clear Profit Benefit Way Rich Talent Clear Profit Benefit Way Rich Talent Clear Profit Benefit Way Titans BVI T&TC Capital Enhance Investment T&TC Capital Enhance Investment Rich Talent T&TC Capital Bright Luck5 Rich Talent 2.04% Enhance Investment Competent Management Limited Enhance Investment Enhance Investment

Bright LuckEnhance Investment Clear Profit Benefit Way Enhance Investment Clear Profit Benefit WayEnhance Investment 2.04% 2.78% (a) Clear Profit Benefit Way Clear Profit Benefit WayClear Profit Benefit Way (i) Titans BVI 2.82% 3.85% (ii) 2.82% 3.85% (b) Bright Luck Clear Profit Benefit Way (c) 5 8 (d) Bright Luck Bright Luck (e) Bright Luck Enhance Investment Clear Profit Benefit Way (1)

(2) 5 8 (3) Bright Luck Enhance Investment Enhance Investment (a) Clear Profit Benefit WayClear Profit Benefit Way Clear Profit Benefit Way 2.04% 2.78% (b) Clear Profit Benefit Way Clear Profit Benefit Way Bright Luck Enhance Investment (i) (ii) Clear Profit Benefit Way(iii) Clear Profit Benefit Way Enhance Investment Competent Management Limited Enhance Investment (i) Benefit Way (ii) Benefit Way (iii) Benefit Way Competent Management Limited Enhance Investment Competent Management Limited Competent Management Limited Competent Management Limited Enhance Investment

10,000,000 Wealth Source Wealth Source Wealth Source Wealth Source Wealth Source Wealth Source Wealth Source (a) (i) 3.30% (ii) 3.30% (b) (c) 8.1 (d) (e)

Wealth Source 2.47% 0.506 52% 58% Wealth Source Wealth Source Wealth Source (i) (ii)wealth Source Wealth Source Wealth Source Titans BVI Titans BVI Titans BVI Titans BVI 100,000

歷史及發展 權及根據首次公開發售前購股權計劃授出的任何購股份及根據購股權計劃可能授出的任何購 股權均未獲行使 附註 (1) Benefit Way可換股債券乃由Bright Luck於二零零八年一月三日發行予Enhance Investment 於 上市後 Benefit Way可換股債券將可自動交換為一股Benefit Way股份 相當於其全部已發行股 本 而Benefit Way將於上市後持有本公司已發行股本總額約2.78% Benefit Way持有的股份 將於上市後計入公眾持股量的一部分 但須遵守上市後六個月禁售期的規定 (2) Clear Profit可換股債券乃由Bright Luck於二零零七年十二月二十八日發行予蔡建華 於上市 後 Clear Profit可換股債券將可自動交換為一股Clear Profit股份 相當於其全部已發行股本 而Clear Profit將於上市後持有本公司已發行股本總額約2.04% Clear Profit持有的股份將於上 市後計入公眾持股量的一部分 但須遵守上市後六個月禁售期的規定 119

(3) Honor Boom40% 30%30% (4) Thomas PilscheurHuge Step Jumbo Gain Perfect Quality (5) Wealth Source 2.47% Wealth Source (6) (7) Titans BVI (8) (9) (10) 45% 35% 10% 10% (11) LED 80% 20% (12) (13) (14) PASS 51% 49% (15) 55% 20% 20% 2% 3%

(1) Clear Profit (2) Benefit Way

(3) Honor Boom40% 30%30% (4) Thomas PilscheurHuge Step Jumbo Gain Perfect Quality (5) Wealth Source Wealth Source (6) 0.20% (7) (8) Titans BVI (9) (10) (11) 45% 35% 10% 10% (12) LED 80% 20% (13) (14) (15) PASS 51% 49%

(16) 55% 20% 20% 2% 3%

LED UPS

LED LED LED LED LED

OEM OEM 0.2% OEM LED PASS 7.11% 10.69% 25.16% 144,404,000 175,338,000 34,155,000 38,812,000 54,106,000

LED

31 111313 75 89%44% 5 4,491,000 8,041,000 9,156,000 3.1% 4.6% 4.2% GZDW GCFW

87.95% 75.46% 60.45% 18 10 24.94% 15.02% 16.78% 2818 5 42.24% 32.62% 26.55% 2928 3 42.25% 32.72% 26.63% 25 12.16% 19.97% 13.87%

23 12 30 GB/ T 19001-2000 - ISO 9001:2000 40 10%13% 718 5,492 3.9% 100,000,000 22041,462 6,618 220188.48 3,500

1,000 1,000 1,000

LED (i) (ii) (iii) (iv)

LED 20 LED

LED 220 110

48 24 UPS

LED LED LED

127,002 132,317 130,840 4,030 7,484 16,231 4,565 15,157 6,034 7,010 LED 3,181 8,758 PASS 7,338 20,781 45,466 144,404 175,338 216,452 UPS (i) (ii)

220 110 48 24 UPS

( )

GZDW GCFW 1,097,200 750 570,000 3,028,240 3,771,600 1,488,800 3,055,520

6,774,140 312,640 Jin Shui Wan (1) (2) (3) (4)(5)

1 1,000 3 5

50% 70%

10 1,000 13 500,000 5%

(1) (2) (3)

LED LED LED 80% LED LED LED LED LED LED 8 LED 4 LED LED

LED PASS PASS 4,987,000 9,504,000 25,163,000 PASS PASS 12 18 20 PASS PASS PASS

PASS PASS PASS PASS PASS 10 10

(10%) (10%) 1 (80%) (80%) 7 (90%) 5 1 (0%) 6 2 (50%) (40%) 2 (100%) 3 (100)% (100)%

1 2 3 4 5 6 7 90%

9

(i) (ii) (iii) (iv)

(i) (ii) (iii) 10% 23,515,000 30,458,000 36,306,000 16.3% 17.4% 16.8% 17,407,000 27,334,000 33,929,000 16.3% 20.0% 15.3% 139.36 229.13 263.20 35.1% 45.8% 20.36%

90 7,799 22,023 18,145 91 180 7,888 3,657 7,178 181 365 1,529 1,135 8,606 12 191 519 17,407 27,334 33,929 100% 100% 20.36% 50,040,000 60,111,000 88,927,000 34.65% 34.28% 41.08% 10% 17,367,000 19,925,000 12.03% 11.36% 39,018,000 18.03% 5.25% 26,538,000 36,195,000 99,524,000 100% 99.5% 14.7%

117,000,000 135,200,000 183,400,000 81.0% 77.1% 84.7% (i)95,200,000 106,900,000 150,700,000 78.8% 73.8 83.6% (ii) 21,800,000 28,300,000 32,700,000 92.7% 92.9% 89.9% 100% 100% 11.84% 5% 10%

80% 82 10% 12 18 30 90 112 172 90% 82 30 90

8,131.21 7,061.11 8,131.21 (1) (2) (1) (2) % 3,314 3,150 95.0 10,210 8,280 88.1 3,935 3,612 91.7 12,270 9,524 77.6 (3) 4,129 3,841 93.0 13,271 12,369 93.2

1 2 3 LED LED 1,628 985 60.5% 678 431 63.5% 2,295 2,219 96.7% 1,233 1,078 87.5% 62,700,000 119 41,277.37 LED 40,000

62,700,000 12,000 20,000 43,000,000 19,000,000 24,000,000 10,500,000 102,000 105,000 32,000 324 46,650 40% LED 30 45

LED 3,84112,369 299 13 41 PASS LED

90 22,161,000 24,510,000 39,321,000 31.6% 27.6% 39.3% 5,863,000 9,504,000 25,163,000 8.4% 10.7% 25.2% 5% (1)(2)

% % % 23,515 16.28 30,458 17.37 36,306 16.77 102,584 71.04 90,675 51.71 70,253 32.46 18,305 12.68 54,205 30.92 109,893 50.77 144,404 100 175,338 100 216,452 100 55,300,000 49,600,000 27,300,000 10 10 10% 100% 10 1 10

139.36 229.13 263.20 197.98 214.64 257.75 207.87 228.90 273.65

9

5.5% 14.0% 18.1% 22.0% 44.1% 27.8% 32.3% 36.2% 6.9% 26.6% 11.4% 22.5% 46.6% 32.4% 35.1% 18.5% 7.9% 12.5% 27.0% 19.5% 19.3% 19.7% 45.8% 48.3% 100% 100% 20.36% 96.57% 86.27% 12.45% 97.12% 89.01% 13.66%

10,248 0 6,169 0 5,273 0 * 2,528 22 6,131 0 4,281 0 84 0 54 0 0 0 * 17,562 3,732 14,754 9,211 10,549 6,346 3,175 0 17,175 0 7,000 0 * 15,855 18,674 23,218 20,444 20,241 27,080 5,385 0 4,882 0 5,521 0 * 5,564 1,013 5,825 574 4,196 1,861 28 0 740 0 33,992 0 8,225 0 3,909 0 1,765 0 179 0 142 0 69 0 161 0 1,950 0 13,190 0 5,168 0 3,127 0 4,004 0 3,977 0 2,465 0 1,338 0 463 0 243 0 7,475 0 * 1,639 0 1,224 17 1,898 213 667 0 1,216 0 29 0 614 0 12 0 340 0 1,295 0 461 0 392 0 5,013 0 12,856 0 2,840 0 2,889 0 8,140 0 4,715 0 * 4,642 0 1,601 212 4,392 67 * 5,024 74 3,251 0 1,811 0 649 0 1,218 0 8,550 0 * 7,726 0 7,211 0 5,505 594 9,994 0 13,426 0 12,164 26 75 0 381 0 6,265 0 0 0 2 0 849 121 0 0 0 0 0 0 1,305 0 1,147 0 3,110 0 645 0 218 0 4,799 0 1 110 0 1,732 0 3,593 0 120,888 23,515 144,880 30,458 180,146 36,306 * 1 2 3

1. 2. (1) (2)

a. 1. 2. 3. 4. b. c. d. e.

f. (1) (2) 110 200,000 (1) (2)(3) (4) g. (1)(2) (3) h. 15% i.

(i) (ii) (iii) j. k. l.

(1) (2) (1) 23 22 22 23 9 8

3 10 8,100,000 6,800,000 7,900,0004,900,000 3,700,000 3,700,000 2,562,000 3,313,000 5,422,000 783,000 420,000 943,000

102,584,000 90,675,000 70,253,000 (2) 12 LED 60

www.titans.com.cn

% % % 114,478 79.3 148,479 84.7 175,847 81.24 29,926 20.7 26,859 15.3 40,605 18.76 144,404 100 175,338 100 216,452 100

82 82 1.5%

12 18 10% 24 1 24 200

% % % 48.75 48.07 51.99 77.54 56.35 61.80 15.95 56.53 36.86 33.84 LED 25.09 23.67 PASS 37.76 36.73 28.44 48.50 45.25 46.95 OEM PASS

18,925,000 19,279,000 11,921,000 90.93 72.63 49.59

31

UPS LED LED

75 89% 44% 4,491,000 8,041,000 9,156,000 3.1% 4.6% 4.2% 300,000 820,000 893,000 GB/T19001-2000- ISO9001 2000 GB/T19001-2000 idt ISO9001 2000

GB/T19001-2000 idt ISO9001 2000 SEI Partners* / (CMMI) 2 (CMMI-SE/SW. V1.1) * SEI (Carnegie Mellon University) 48 31

(a) 8 Unionix Unionix 42 42 9 98.79% 99.98%

99.8% (b) 3 262 LED LED

LED LED LED 2,000,000 8,800,0001.1% 4.1% (c) 13 13 (d) 2

(e) LED LED LED

(GB/T 19001-2000 -ISO 9001:2000)

SEI Partners CMMI CMMI SEI (Carnegie Mellon University)

220 200 300

(i) (ii) (iii) (iv)(v)

14A 1. 324 46,650 36,000 38,520 42,960 0.1% 0.1% 1,000,00014A.33(3) 14A A.

14A.65(4) 1. 9,000,000 99% 9,000,000

2. 30,000,000 40,000,000 3. 5,000,000 4. 20,000,000 20,000,000

30,000,000 B. C. LED 1. LED LED LED LED LEDLED

LED 2. LED LED LED LED LED LED LED 3. LED LED LED LED 4. LED LED LED LED

LED 1. 1,424,000 80% 2. 13 200,000

1,500 18,400 200,000 250,000 1,250 25,000 191,250 7.2 3. 580,000

1. Unionix Unionix Unionix Unionix Unionix 2. ISO 9001 3.

21,251,000 3,073,000 8,966,000 4. Unionix Unionix Unionix Unionix Unionix Unionix Unionix

37 (a) (b)(c) (a) 5% (b) 10% (c)

(a) (b) 10% (i) (ii) (iii)

(iv)

1.125 1.05 1.2 201,800,000 177,760,000 62,700,00031.1% 22,000,000 20,000,000 20,700,000 75,700,00037.5% 30,000,000 45,700,000 18,600,0009.2% (i) (ii) (iii) (iv) 27,000,00013.4% 11,300,000

15,700,000 10 20 17,800,0008.8%

1.05 1.2 187,570,000 165,230,000 216,020,000 190,290,000 1.125 201,800,000 1.125 32,000,000

53 SMP-R1022FC Titans BVI 226,000 402,625 53

Titans BVI 211,000 395,895 41 908 10,000 61,663

43 10,000 61,663 50 (Braunschweig automotive research institute) (Technical University Darmstadt) 600151

10,000 61,663 13.51(2) 47 Honor Boom 10.31% 40% 44 Honor Boom 10.31% 30%

41 (Royal Roads University) 58 46 52 53

20Applied Electronics (OEM) Limited 3A.19 (i) (ii)

(iii) (iv) 271,000 439,000 466,000 328,000 491,000 499,000

342 75 13 21 21 5 35 92 9 31 40 342 8 485 5% Genius Mind Great Passion

485,000 630,000 670,000 8.12 8.12 8.12 8.12

(i) (ii) 3. XV 2 3 336 (i) (1) Genius Mind (1) 190,174,457 23.77% Great Passion (2) 190,174,457 23.77% Honor Boom (3) 82,458,117 10.31% (4) 82,458,117 10.31% 800,000 0.10% Thomas Pilscheur (5) 69,264,818 8.66% 1. Genius Mind Genius Mind 2. Great Passion Genius Mind 3. Honor Boom 40% 30% 30% Honor Boom 4. 800,000 5. Thomas Pilscheur Huge Step Jumbo Gain Perfect Quality Huge Step 22,168,427Jumbo Gain 24,014,118 Perfect Quality 23,088,273

(ii) Genius Mind 30,000,000 3.75% 2. XV 2 3 336 10.07(1) (i) (ii) (i) (i)

12 (a) 10.07(2) (2) 155 (b)

10,000,000,000 100,000,000 200,000 2,000 6,825 68.25 598,193,175 5,981,931.75 1,600,000 16,000.00 200,000,000 2,000,000 800,000,000 8,000,000 25%

(a) 20% (b) 10% (i)

(ii) (iii)

LED PASS LED 127,002 132,317 130,840 4,030 7,484 16,231 4,565 15,157 6,034 7,010 LED 3,181 8,758 PASS 7,338 20,781 45,466 144,404 175,338 216,452

11,430 13,035 14,449 144,404,000 175,338,000 216,452,000 21.42% 23.45% 70,034,000 79,348,000 101,627,000 13.30% 28.08% 34,155,000 38,812,000 54,106,000 13.63% 39.41%

(a) (b) LED 48.07% 51.99% 56.35% 77.54% 15.95% 56.53% 33.84% 36.86%LED23.67% 25.09%

(c) 41,100 39,400 37,500 4,328.84 7,957.83 2V/200AH 230 376 BVR4 2.37 3.6 PASS M0 PASS 65,000 75,000 48% 52% 48.50% 45.25% 46.95% (d)

(e) 25% 15% 24% 25% 11% 12% 12.5% 25% (f) 21.4% 23.4% PASS 1.1% 8,300 700 10%

(g)

3,000,000 1,800,000 1,200,000

4.5% 20%

% % % 144,404 100.00 175,338 100.00 216,452 100.00 (74,370) (51.50) (95,990) (54.75) (114,825) (53.05) 70,034 48.50 79,348 45.25 101,627 46.95 7,082 4.90 10,607 6.05 7,582 3.50 830 0.38 104 0.06 179 0.08 (22,369) (15.49) (20,211) (11.53) (22,614) (10.44) (13,286) (9.20) (23,442) (13.37) (26,563) (12.27) (1,126) (0.78) (1,290) (0.73) (1,386) (0.64) 40,335 27.93 45,116 25.73 59,655 27.56 (5,916) (4.10) (6,416) (3.66) (6,431) (2.97) 34,419 23.83 38,700 22.07 53,224 24.59 34,155 23.65 38,812 22.13 54,106 25.00 264 0.18 (112) (0.06) (882) (0.41) 34,419 23.83 38,700 22.07 53,224 24.59 1,942 21,982 5.9 6.7 9.3

13,356 12,516 13,358 2,833 2,456 2,079 16,189 14,972 15,437 18,925 19,279 11,921 107,098 137,001 221,938 12,174 14,742 14,444 168 2 190 202 10,352 13,516 15,667 23,468 27,475 27,081 172,187 212,203 291,253 188,376 227,175 306,690 33,750 38,545 58,868 13,956 10,765 2,561 24,202 25,976 43,136 8 150 2,942 308 1,519 900 900 819 20,943 3,073 7,447 6,113 8,211 11,247 12,000 16,868 24,000 8,760 8,581 112,999 113,248 160,301 59,188 98,955 130,952 75,377 113,927 146,389 2 2 2 73,087 111,899 144,023 73,089 111,901 144,025 2,288 2,026 2,364 75,377 113,927 146,389

(1) (%) 48.50 45.25 46.95 (2) (%) 23.65 22.13 25.00 (3) (%) 46.73 34.68 37.56 (4) 1.52 1.87 1.82 (5) 1.36 1.70 1.74 (6) 90.93 72.63 49.59 (7) 188.43 217.15 258.66 (8) 135.95 117.48 132.33 (9) (%) 18.56 13.03 13.55 (10) 36.82 35.97 44.13 (1) 100% (2) 100% (3) 100% (4) (5) (6) 365 (7) 1+17% 365 (8) 1+17% 365

(9) 100% (10) LED PASS % % % 127,002 87.95 132,317 75.46 130,840 60.45 4,030 2.79 7,484 4.27 16,231 7.50 4,565 2.60 15,157 7.00 6,034 4.18 7,010 4.00 LED 3,181 1.81 8,758 4.05 PASS 7,338 5.08 20,781 11.85 45,466 21.00 144,404 100.00 175,338 100.00 216,452 100.00 60.45% 87.95% LED 6.97% 12.68% 18.65%

3,090 3,361 3,490 36 11 77 42 179 2 761 LED 454 1,689 PASS 9 21 56 % % % 69,113 92.93 88,463 92.16 107,376 93.51 3,325 4.47 4,787 4.99 4,802 4.18 1,932 2.60 2,740 2.85 2,647 2.31 74,370 100.00 95,990 100.00 114,825 100.00 PASS 92.93% 92.16% 93.51%

% % % % % % % % 61,914 48.75 88.41 63,600 48.07 80.15 68,024 51.99 66.93 3,125 77.54 4.46 4,217 56.35 5.31 10,030 61.80 9.87 728 15.95 0.92 8,569 56.53 8.43 2,224 36.86 3.18 2,372 33.84 2.99 LED 798 25.09 1.01 2,073 23.67 2.04 PASS 2,771 37.76 3.95 7,633 36.73 9.62 12,931 28.44 12.73 70,034 48.50 100.00 79,348 45.25 100.00 101,627 46.95 100.00

PASS PASS PASS PASS LED LED 3%

4.90% 6.05% 3.50% 5,833 8,925 5,749 300 820 893 325 116 13 46 46 6 274 289 132 18 102 105 32 130 15 747 39 54 252 10 7,082 10,607 7,582 23,000 22,000 14,000 12,000,000 30% 30% 400,000 1% 1% 10,000,000 8.1

104,000 179,000 15.49% 11.53% 10.44% 3,734 5,216 4,689 3,859 1,521 1,863 1,492 1,242 1,168 6,018 4,461 8,061 333 361 441 3,155 3,735 2,983 2,260 1,230 985 800 860 778 303 557 491 415 1,028 1,155 22,369 20,211 22,614

9.20% 13.37% 12.27% 4,421 5,647 7,544 931 677 946 1 792 2,480 2,510 2,412 3,172 2,939 39 178 57 365 4,138 2,739 387 983 1,024 1,205 1,904 3,778 286 447 1,060 49 148 60 613 1,022 804 255 286 457 270 586 466 165 212 190 21 11 2 2 1,073 1,551 1,966 13,286 23,442 26,563 1 4,491,000 8,041,000 9,156,000 2

0.78% 0.73% 0.64% 16.5% 17.5% 16.5% 15% 15% 24% 25% 11% 12% 12.5% 25% 25%

14.67% 14.22% 10.78% 23.65% 22.13% 25.00% 175,338,000 216,452,000 23.45% 80.51% 8,350,000 4,565,000 3.32 15,157,000 PASS 33,080,000PASS 20,781,000 45,460,000 95,990,000 19.62% 114,825,000

88,463,000 107,376,000 93.51% 92.16% 79,348,000 28.08% 101,627,000 45.25% 46.95% PASS 66.93% 9.87%8.43% PASS 10,607,000 28.52% 7,582,000 8,925,000 5,749,000 6.05% 3.50% 15,900,000 2,200,000

400,000 1% 1% 830,000 2.47% 20,211,000 11.89% 22,614,000 11.53% 10.44% 23,442,000 13.31% 26,563,000 4,138,000 2,739,000 5,647,0007,544,000 1,904,0003,778,000 13.37% 12.27% 1,290,000 7.44% 1,386,000 0.73% 0.64%

6,416,000 0.23% 6,431,000 14.22% 10.78% 38,812,000 39.41% 54,106,000 22.13%25.00% 882,000 112,000 144,404,000 21.42% 175,338,000 127,002,000 132,317,000 PASS7,339,000 20,781,000183.2% 10,064,000 22,240,000 74,370,000 29.07% 95,990,000 69,113,00092.93% 88,463,000 92.16% 54.75% 51.50%

70,034,000 13.30% 79,348,000 61,914,00063,600,000 48.75% 48.07% PASS 37.76% 36.73% 77.54%56.35% LED 25.09% 7,082,000 49.77% 10,607,000 5,833,000 8,925,000 300,000 820,000 4.90% 6.05% 22,369,000 9.65% 20,211,000 39.7% 15.49% 11.53% 13,286,000 76.44% 23,442,000 LED

9.20% 13.37% 1,126,000 14.56% 1,290,000 12,000,000 16,868,000 0.78% 0.73% 5,916,000 8.45% 6,416,000 14.67% 14.22% 34,155,000 13.63% 38,812,000 23.65%22.13% 112,000 264,000 LED

1,793 2,255 2,261 1,540 5,550 1,715 600 200 2 395 1 1 1 333 109 3,929 8,741 4,086 (64) (199) (256) 3,865 8,542 3,830 1,406 4,061 2,570 2,003 2,066 2,355 4,900 73 5,689 12,174 14,742 14,444 3,865,000 8,542,000 6 753,000 191,250 3,830,000

200,000 2,100 20% 0.8% 0.003% 600,000 1,406,000 4,061,0002,570,000

2,003,000 2,000,000 2,066,000 2,355,000 5,000,000 500,000 10% 168 168

21 112 5,136 2,400 1,000 6,176 8,894 25,610 2,189 2,100 2,556 8,710 9,081 10,453 1,970 3,389 3,517 24,202 25,976 43,136 2.5

7,284 6,823 7,678 1,149 1,860 1,164 277 398 1,611 8,710 9,081 10,453 308 1,519 900 900 1,208 900 1,519 195,000 Honour Boom 30%Honor Boom 10.30% 2.5

10,631 3,072 7,182 10,312 1 265 20,943 3,073 7,447 % % % 5,575 29.46 5,070 26.30 3,704 31.07 3,945 20.85 3,481 18.05 3,360 28.19 9,405 49.69 10,728 55.65 4,857 40.74 18,925 100 19,279 100 11,921 100 18,925,000 19,279,000 11,921,000

90.93 72.63 49.59 84.6% 78.5% 129,000 107,098,000 137,001,000 221,938,000 10% 80% 8210% 12 18 30 90

112 172 90% 82 1 2 20,855,000 21,948,000 25,877,000 18.77% 15.13% 11.15% 90 4,447 2,377 8,186 91 180 2,397 3,177 3,105 181 365 4,231 4,406 7,038 12 5,878 7,464 4,822 23 2,635 2,286 1,765 3 1,267 2,238 961 20,855 21,948 25,877

68% 38% 7% 41,594,000 69,963,000 81,243,000 38.8% 51.1% 36.6% 9,608,000 5,311,000 15,783,000 55.2% 19.4% 46.5%

% % % 90 57,728 72 57,656 54.3% 54,577 58,184 2 58,182 42.5% 47,195 117,316 758 116,558 52..8% 2,052 91 180 21,848 139 21,709 20.5% 21,709 36,721 226 36,495 26.7% 36,495 40,333 450 39,883 18.1% 8,110 181 365 14,513 175 14,338 13.5% 14,338 18,335 24 18,311 13.4% 17,323 47,990 2,329 45,661 20.7% 16,376 12 12,699 1,881 10,818 10.2% 10,818 26,655 4,600 22,055 16.1% 18,976 18,870 3,154 15,716 7.0% 3,741 23 2,815 1,525 1,290 1.2% 1,290 2,562 1,600 962 0.7% 962 5,248 2,613 2,635 1.2% 22 3 1,534 1,247 287 0.3% 287 2,605 1,759 846 0.6% 846 2,331 1,846 485 0.2% 19 111,137 5,039 106,098 100% 103,019 145,062 8,211 136,851 100% 121,797 232,088 11,150 220,938 100% 30,320

188.43 217.15 258.66 5.5% 14.0% 18.1% 22.0% 44.1% 27.8% 32.3% 36.2% 6.9% 26.6% 11.4% 22.5% 46.6% 32.4% 35.1% 18.5% 7.9% 12.5% 27.0% 19.5% 19.3% 19.7% 45.8% 48.3%

97.1% 89.0% 13.7% (1) (2) (3) (4) 20.36% 60% 1 30% 13 2410% 24 75% 90% 95% 5% A 159.82 229.20 295.25 B 168.36 165.83 165.26

5,039,000 8,211,000 11,150,000 4.5% 5.7% 4.8% 2,412,000 3,172,000 2,939,000 17 117,000,000 135,200,000 183,400,000 81.0% 77.1% 84.7% (i) 95,200,000 106,900,000 150,700,000 78.8% 73.8 83.6% (ii) 21,800,000 28,300,000 32,700,000 92.7% 92.9% 89.9%

90 44,570 28,281 96,824 91 180 12,215 28,337 22,309 181 365 9,661 11,180 30,060 12 8,589 17,982 11,750 23 1,092 843 1,020 3 140 640 331 76,267 87,262 162,294 98.1% 88.9% 11.9% 90 7,652 21,717 16,607 91 180 7,851 3,216 6,725 181 365 1,471 1,135 8,606 12 89 519 17,063 26,587 31,938 100% 100% 21.4% 3 1 4

1.36 1.74 33,750,000 38,545,000 58,868,000 PASS 3,085,000 21,040,000 135.95 117.48 132.33

90 23,993 18,894 25,064 91 180 1,162 8,925 746 181 365 398 1,066 2,719 12 205 303 751 2 482 522 75 26,240 29,710 29,355 10% 14,000,000 10,800,000 2,600,000 12 308 2.5% 1,519 2.5% 900 0% 900 0% 20,943 0% 3,073 0% 7,447 0% 12,000 7.03% 16,868 6.05% 24,000 5.83% 8.47% 8.96% 7.34% 8,760 8.1% 8,581 8.1% 34,151 29,601 41,547

24,000,000 8,000,00012,000,000 3,000,000 1,000,000 5.83% 7.34% 18.56% 13.55% 36.82 35.9744.13 5,000,000 6.0996% 3,000,000 6.0996% 2,000,000 6.0996% 3,000,000 7.1029%

1,300,000 1,200,000 2,700,000 400,000 1,300,000 1,300,000 1,700,000 76,000,000 37,000,000

14,090 13,548 10,332 (3,792) (3,797) (4,725) (15,175) (5,744) (6,001) (4,877) 4,007 (394) 28,345 23,468 27,475 23,468 27,475 27,081 10,332,00013,727,000 3,395,000 51,311,000 65,125,000 87,876,000 20,323,000 16,155,000

144,404,000 175,338,000 34,419,000 38,700,000 14,090,000 13,548,000 33,075,000 2,743,000 354,000 3,191,000 819,000 168,000 4,795,000 1,774,000 14,090,000 45,551,000 48,333,000 2,682,000 14,190,000 4,725,000 2,151,0002,736,000 3,797,000 1,197,000 3,164,000 190,000 289,000 465,000 3,792,000 1,050,000 3,000,000 1,291,000 35% 274,000 1,226,000 49,000

6,001,000 19,190,000 1,386,000 900,000 7,132,000 5,893,000 2,450,000 5,744,000 17,870,000 8,000 1,290,000 308,000 4,868,000 8,864,000 15,175,000 4,000,000 7,772,000 2,002,000 1,126,000 1,032,000 143,000 900,000

18,925 19,279 11,921 24,416 107,098 137,001 221,938 206,239 12,174 14,742 14,444 18,222 168 2 190 202 388 10,352 13,516 15,667 15,210 23,468 27,475 27,081 19,305 172,187 212,203 291,253 283,780 33,750 38,545 58,868 59,988 13,956 10,765 2,561 2,709 24,202 25,976 43,136 38,872 8 150 2,942 2,942 308 1,519 900 900 819 20,943 3,073 7,447 6,145 6,113 8,211 11,247 4,462 12,000 16,868 24,000 27,500 8,760 8,581 8,581 112,999 113,248 160,301 151,199 59,188 98,955 130,952 132,581

59,200,000 99,000,000 131,000,000 132,600,000 1.2% 160,300,000 151,200,000 291,300,000 283,800,000 27,100,000 19,300,000 24,000,00027,500,000 43,100,000 38,900,000 7,400,000 6,100,000 11,200,000 4,500,000 11,900,000 24,400,000 3,800,000 1.52 1.82 1.36 1.74 1.88 1.72

27,100,000 15,700,000 17,800,000 12

45,400,000 8,000 18,500 26,500 1 3 6,145 6,145 4 1,000 1,000 2,942 2,942 2 3 8,804 8,804 8,000 37,391 45,391 (1) (2) 10,000,000 8.1 (3) 1.1358 1.0 (4) 13,000,000 8,000,000 11,800,000 5.84 1.1 5,000,000

500,000 3.15% 5.84 1.1 30,000,000 7,000,000 6.372 1.2 3,000,000 7 5,940,000 3 4.42 3,500,000 9,000,000 5,484,500 99% 1,800,000 1.8%

20,000,000 16,750,000 10,000,000 30,000,000 77,000,000 23,000,000 28,200,000 51,200,000 99% 99% 5,000,000 9,000,000 99%139,300,000

10.0 (1) 8,500,000 (2) (3) 180,000 180,000 319,500 1,000,000 2.5 22,000,000 2,900,000 10,000,000 8.1

24,000,000 27,500,000 ; 44,500,000 45,400,000 5,000,000 13,000,0005,000,000 5.84 1.1 10,000,000 9,000,000 3.5 6,100,000 7,000,000 40,000,000 7,000,000 40,000,000

2,200,000 14,700,000 4,370.21 2,500 1,261.00 15.51%

(a) (b) (c) 119 40,000 138.89 12,530,000 3,930,000

44 10 21.6 200 500 1,978 256 200 500 40 26 50 11941,277.37 10,000

8,814 214 8,600 3,930 12,530 25.0% 26.4% 45.0%

290,253,000 27,081,000 15,667,000 13.25% 5.9% - 0.7% 24,000,000 5.83% 7.34%

1,942,000 21,982,000 20% 25% 5% 25% 10% 4.29

12 4 3 4 1.05 141,946 165,230 307,176 0.38 0.43 1.2 141,946 190,290 332,236 0.42 0.47 1. 144,025,000 2,079,000 2. 1.05 1.2 3. 1 2 800,000,000 4. 0.8809 1

5. 12,530,000 8,600,000 3,930,000 494,000 13.13 13.19 13.13 13.19

(a) 20,000,000 180,000,000 (i)

(ii) (1) (a) (b) (c) (d) (e) (2) (a)

(b) (c) (d) (e) (f) (g) (h) (i) (j)

(k) (1) (h) (2) (3) Genius Mind Great Passion

(a) (b) (c) (a) (b) (d) (a) (b) (c) 10.07(1) (a) (b) (a)(a)

(a) 155 (b) (b) 30 30,000,000 15% (c) 3%

23,200,0001.125 1.05 1.2 (d) 3A.19 13.46 1,600,000 0.2%

1.20 1.05 1.20 1% 0.004% 0.005% 2,000 2,424.22 (www.hkexnews.hk) (www.titans.com.cn) (i) (ii) (iii)

30 (www.hkexnews.hk) (www.titans.com.cn) (i) (ii) (a) 200,000,000 180,000,000 20,000,000 200,000,000 25% 20,000,000 10%

S 30 30,000,00015% 180,000,000 90%

20,000,000 10% 5,000,000 5,000,000 10,000,000

15 50 60,000,00030% 50 100 80,000,00040% 100 100,000,000 50%

30 30,000,00015% 27.71%

30,000,000 15% Genius Mind Genius Mind 30,000,000 10.07(3) 10.07(1)(a) 10.07(1)(a) (1) (2) Genius Mind (3) (a) (b) Genius Mind (4) (5) Genius Mind (i) (ii) (iii) (iv) (v)

30

eipo eipo 1. 18 S eipo www.eipo.com.hk eipo eipo eipo

2. (a) (b) (c) eipo eipo www.eipo.com.hk eipo S 3. 1. 18127 2. 19 12

3. 20 4. 45 5. 48 6. 99-105 18 7. 10 5 8. 2 27 2701-3 2705-8 (a) 20 442-444 678 A B 833 G04 253-255 328 G9B-11 (b) 45 118 636 7 859 21

(i) 199 2 (ii) 4. (a) (b) (c) (d) (a) (b)

(c) (d) (a) (b) (c) (d)

5. eipo (a) www.eipo.com.hk eipo eipo (b) eipo www.eipo.com.hk eipo (c) eipo eipo www.eipo.com.hk (d) eipo (www.eipo.com.hk) eipo eipo (e) eipo 2,0002,000 www.eipo.com.hk (f) www.eipo.com.hk eipo (g) www.eipo.com.hk eipo

eipo www.eipo.com.hk (h) eipo (www.eipo.com.hk) eipo eipo eipo (www.eipo.com.hk) eipo eipo www.eipo.com.hk eipo eipo (www.eipo.com.hk) eipo (www.eipo.com.hk) www.eipo.com.hkeipo eipo

eipoeipo www.eipo.com.hk eipo 6. eipo eipo eipo eipo eipo eipo

7. 1.2 1% 0.004% 0.005% 2,000 2,424.22 1.2 13.

8. eipo 24 www.eipo.com.hk eipo www.eipo.com.hk eipo 9.

10. 2,000 11. 12.

13. (www.hkexnews.hk) (www.titans.com.cn) (a) www.iporesults.com.hk (b) 2862 8669 (c)

(a) (i) (ii) (b) (i) (ii) (iii) 1% 0.005% 0.004% (c) eipo (d) eipo eipo

1,000,000 183 17 1712-1716

1. (a) (b) (c) eipo 2. (a) (b) (c) (d) 40

3. (a) (www.hkexnews.hk) (www.titans.com.cn) (b) 13. (c) (d) (e) 4. (a)

S S 902 (k)(1) S eipo eipo eipo eipo

1,000,000

(b) (a) (1)

(2) (3) 5. (a) eipo eipo eipo 40

(b) (c) eipo (d)

(e) 50% 6. (a) 1,000,000 1,000,000 183 17 1712-1716

(b) 13. (c) eipo eipo www.eipo.com.hk eipo 1,000,000 183 17 1712-1716

eipo 1,000,000 eipo eipo 7. (a) (b) 1,000,000 (a)

(c) (d) 8. 486 (a) (b)

(c) eipo

(d)

95 16 22 Titans (BVI) Limited 100% Right Pitch 200 International Limited ( Titans BVI )

100% 10,000 100% 42,000,000 # 100% 40,000,000 ## 80% 3,000,000

100% 1,000,000 **51% 5,000,000 55% 2,000,000 ** # 69% 30% 1% 100% ## 45% 35% 80%

Titans BVI Titans BVI Titans BVI 3.340 1

1

(A) 7 144,404 175,338 216,452 (74,370) (95,990) (114,825) 70,034 79,348 101,627 9 7,082 10,607 7,582 35 830 32 104 179 (22,369) (20,211) (22,614) (13,286) (23,442) (26,563) 10 (1,126) (1,290) (1,386) 40,335 45,116 59,655 11 (5,916) (6,416) (6,431) 12 34,419 38,700 53,224 34,155 38,812 54,106 264 (112) (882) 34,419 38,700 53,224 15 5.9 6.7 9.3 5.9 6.7 9.0

16 13,356 12,516 13,358 17 2,833 2,456 2,079 16,189 14,972 15,437 18 18,925 19,279 11,921 19 107,098 137,001 221,938 20 12,174 14,742 14,444 3,630 21 168 22 2 190 202 1 1 1 23 8,838 3,423 24 10,352 13,516 15,667 24 23,468 27,475 27,081 172,187 212,203 291,253 1 8,839 7,054 25 33,750 38,545 58,868 13,956 10,765 2,561 26 24,202 25,976 43,136 1,441 8 150 2,942 27 308 1,519 28 900 900 29 819 30 20,943 3,073 7,447 6,113 8,211 11,247 31 12,000 16,868 24,000 32 8,760 8,581 8,760 8,581 112,999 113,248 160,301 8,760 10,022 59,188 98,955 130,952 1 79 (2,968) 75,377 113,927 146,389 1 79 (2,968) 33 2 2 2 1 1 1 34 73,087 111,899 144,023 78 (2,969) 73,089 111,901 144,025 1 79 (2,968) 2,288 2,026 2,364 75,377 113,927 146,389 1 79 (2,968)

11 8,628 504 (1,539) 5,486 27,784 40,874 2,149 43,023 900 900 (965) (965) 2 2 2 (11) 11 34,155 34,155 264 34,419 (1,942) (1,942) (60) (2,002) 5,035 (5,035) 2 8,639 504 (1,539) 10,521 54,962 73,089 2,288 75,377 38,812 38,812 (112) 38,700 (150) (150) 6,177 (6,177) 2 8,639 504 (1,539) 16,698 87,597 111,901 2,026 113,927 2,450 2,450 54,106 54,106 (882) 53,224 (1,230) (1,230) (21,982) (21,982) (21,982) 8,278 (8,278) 2 8,639 504 (1,539) 24,976 111,443 144,025 2,364 146,389

40,335 45,116 59,655 (292) (289) (132) 1,126 1,290 1,386 (104) (179) 1,529 1,611 1,850 167 377 377 21 (39) 2 (830) 85 129 2,412 3,172 2,939 39 177 57 45,551 51,311 65,125 (924) (354) 7,358 (42,162) (33,075) (87,876) (2,712) (2,743) 241 (119) 168 2,682 4,795 20,323 8,678 (3,191) (8,204) 4,712 1,774 16,760 800 (819) 16,506 17,866 13,727 (2,416) (4,318) (3,395) 14,090 13,548 10,332

(1,291) (1,197) (2,736) 1,226 (3,164) (2,151) (190) (12) 274 289 132 49 465 42 (3,000) 35 (1,050) (3,792) (3,797) (4,725) (2,002) (8) (19,190) (16,000) (14,132) (18,868) (1,126) (1,290) (1,386) (143) (900) 12,000 19,000 26,000 (7,772) (17,870) 4,374 900 2,450 (1,032) (308) 1,519 8,864 (15,175) (5,744) (6,001) (4,877) 4,007 (394) 28,345 23,468 27,475 23,468 27,475 27,081

1. 2. 5 1 2 24 5 27 1 32 4 39 1 1 3 1 7 6 1 1 2 3 3 1

9 7 14 5 17 1 19 6 1 2 3 4 5 6 7 3 27 9 39 (i) (ii) 9 17 17 17 17 3.

3

4. 3

2,451,000 3,349,000 2,996,000 32 5. 31 24

6. (a) 146,956 188,790 271,073 92,930 85,512 137,912 8,760 8,581 1 8,839 3,424 1,441 8,760 8,581 (b) (i)

8 5 5 53 27 28 61 32 33 5%5% 5% 5% 5% 1 1 3 1 1 (ii) 31

31 24 100 100 51,000 94,000 170,000 (iii) 32

11.4% 15.9% 19.0% 25.0% 26.4% 45.0% 19,476,000 50,665,000 35,394,000 33,750 33,750 33,750 5,286 5,286 5,157 19,045 19,045 19,045 8 8 8 308 308 308 900 900 900 819 819 819 20,943 20,943 20,943 6,161 6,161 6,000 6,082 6,082 6,000 93,302 93,302 92,930

38,545 38,545 38,545 2,575 2,575 2,512 23,464 23,464 23,464 150 150 150 900 900 900 3,073 3,073 3,073 9,581 9,581 8,760 6,003 6,003 5,868 11,096 11,096 11,000 95,387 95,387 94,272 58,868 58,868 58,868 1,025 1,025 1,000 42,136 42,136 42,136 2,942 2,942 2,942 1,519 1,519 1,519 7,447 7,447 7,447 9,581 9,581 8,581 4,210 4,210 4,000 21,168 21,168 20,000 148,896 148,896 146,493

(c) 7 8,760 (104) (179) 8,864 8,760 8,581

7. 8. PASS LED PASS PASS LED

(a) PASS 127,002 7,338 10,064 144,404 40,544 2,309 4,812 47,665 930 94 73 1,097 2,651 1,200 411 4,262 131,702 4,318 4,388 140,408 PASS 132,317 20,781 22,240 175,338 44,223 7,444 7,470 59,137 981 273 82 1,336 212 565 239 1,016 143,122 5,805 23,374 172,301 PASS 130,840 45,466 40,146 216,452 48,826 11,611 18,571 79,008 1,291 215 271 1,777 962 985 304 2,251 166,031 47,937 38,325 252,293

(b) 47,665 59,137 79,008 7,082 10,067 7,582 830 (14,412) (24,088) (27,765) 40,335 45,116 59,655 599,000 652,000 450,000 29,000 181,000 485,000 292,000 289,000 132,000 3 140,408 172,301 252,293 3,210 3,012 2,647 10,768 10,681 8,800 168 2 190 202 10,352 13,516 15,667 23,468 27,475 27,081 188,376 227,175 306,690 10% 17,367,000 19,925,000 66,100,000

127,002 132,317 130,840 4,030 7,484 16,231 4,565 15,157 6,034 7,010 LED 3,181 8,758 PASS 7,338 20,781 45,466 144,404 175,338 216,452 9. a 5,833 8,925 5,749 b 300 820 893 325 116 13 46 46 6 274 289 132 18 c 102 105 32 130 15 747 39 54 252 10 7,082 10,607 7,582 a) b) c) 23,000 22,000 14,000

10. 893 1,147 1,260 166 132 56 19 11 28 48 42 1,126 1,290 1,386 11. 5,916 6,416 6,431 63 15% 25% 15% 25% 15% 15% 50%

40,335 45,116 59,655 15% 6,050 6,767 8,948 358 913 1,075 (879) (1,355) (987) 23 220 226 (602) (3,432) 364 496 449 152 (23) 5,916 6,416 6,431 36

12. 13 271 439 466 10,781 13,720 11,388 485 630 670 11,537 14,789 12,524 1,529 1,611 1,850 167 377 377 582 578 746 4,491 8,041 9,156 57 179 278 21 2 2,412 3,172 2,939 39 177 57 129 85 74,241 95,990 114,825

13. (a) 245 409 437 26 30 29 271 439 466 122 212 226 123 197 211 245 409 437

13 15 15 13 15 14 26 30 29 (b) 13(a) 1,000,000 292 439 455 36 52 44 328 491 499

14. Titans BVI 15. 600,000,000 0.01 34,155 38,812 54,106 104 179 34,155 38,708 53,927 580,240,000 580,240,000 580,240,000 539,891 19,760,000 580,240,000 580,779,891 600,000,000

16. 14,682 2,671 2,393 1,641 953 22,340 226 379 95 55 536 1,291 1,489 (1,489) (180) (127) (307) 16,171 226 2,870 2,361 1,696 23,324 20 312 218 647 1,197 (563) (590) (1,153) 16,171 246 2,619 2,579 1,753 23,368 148 656 1,374 558 2,736 (80) (158) (65) (303) 16,171 394 3,195 3,795 2,246 25,801 4,854 1,691 1,593 538 8,676 800 263 207 259 1,529 (153) (84) (237) 5,654 1,801 1,716 797 9,968 848 49 272 175 267 1,611 (414) (313) (727) 6,502 49 1,659 1,891 751 10,852 855 49 275 306 365 1,850 (70) (132) (57) (259) 7,357 98 1,864 2,065 1,059 12,443 10,517 226 1,069 645 899 13,356 9,669 197 960 688 1,002 12,516 8,814 296 1,331 1,730 1,187 13,358

4.5% 20% 18% 18% 18% 10,109,000 9,303,000 8,489,000 17. 3,000 3,000 3,000 3,000 3,000 3,000 167 544 167 377 377 167 544 921 2,833 2,456 2,079 3,000,000 1,800,000 1,200,000 PASS

7.47% 7.58% 6.08% 18. 5,575 5,070 3,704 3,945 3,481 3,360 9,405 10,728 4,857 18,925 19,279 11,921 19. 111,137 145,062 232,088 (5,039) (8,211) (11,150) 106,098 136,851 220,938 1,000 1,000 150 107,098 137,001 221,938 20,855,000 21,948,000 25,877,000

0 90 57,656 58,182 116,558 91 180 21,709 36,495 39,883 181 365 14,338 18,311 45,661 1 2 10,818 22,055 15,716 2 3 1,290 962 2,635 3 287 846 485 106,098 136,851 220,938 90 30 90 41,594,000 69,963,000 81,243,000

0 90 19,312 33,095 21,703 91 180 5,053 6,503 15,632 181 365 10,353 17,530 26,538 1 2 5,299 11,027 13,881 2 3 1,290 962 3,004 3 287 846 485 41,594 69,963 81,243 64,504 66,888 139,695 106,098 136,851 220,938 2,627 5,039 8,211 2,412 3,172 2,939 5,039 8,211 11,150 5,039,000 8,211,000 11,150,000 20. 3,929 8,741 4,086 (64) (199) (256) 3,865 8,542 3,830 1,406 4,061 2,570 2,003 2,066 2,355 4,900 73 5,689 12,174 14,742 14,444 2,000,000 2,000,000 2,300,000 38

46 64 199 39 177 57 (21) (42) 64 199 256 64,000 199,000 256,000 21. 1 69 2 168 168 168 168 105 619 1 2 (i) (ii)

6.138 22. 23. 24. 1.44 0.54 0.36 1.44 0.54 0.36 25. 26,240 29,710 29,355 7,510 8,835 29,513 33,750 38,545 58,868

0-90 23,993 18,894 25,064 91-180 1,162 8,925 746 181-365 398 1,066 2,719 1-2 205 303 751 2 482 522 75 26,240 29,710 29,355 90 180 26. 8,710 9,081 10,453 21 112 5,136 2,400 1,000 2,189 2,100 2,556 6,176 8,894 25,610 1,970 3,389 3,517 24,202 25,976 43,136 2.5 27. 2.5 28.

29. 30. 31. 6,000 12,868 8,000 3,000 4,000 13,000 3,000 3,000 12,000 16,868 24,000 12,000 16,868 24,000 7.03 8.47 6.05 8.96 5.83 7.34 3,000,000 3,000,000 7

6,000 5,868 4,000 6,000 11,000 20,000 12,000 16,868 24,000 32. 10,000,000 8,864,000 8.1 Wealth Source Development Limited Wealth Source Wealth Source 2.47% Wealth Source 6-8 31 11-18 104,000 179,000 (1) (2)

(3) 25% 50% 2,279 2,572 9.05 15 0.25% 0.16% 2.63% 0.66% 8,760 8,864 (104) (179) 8,760 8,581 33. Titans BVI 380,000 38,000,000 0.01 100,000 0.01 9,962,000,000 0.01 380,000100,000,000

34. (i) 26,400,000 60% 8,628,000 60% (ii) 3 (iii) 3,600,000 9% 253,000 12,000,000 30% 1,286,000 (iv) 10%50% 35. 1,050,000 3,000,000 35% 35% 85,000

400,0001% 1% 830,000 36. 401 401 11 364 23 387 765 23 788 11 496 197 693 1,261 220 1,481 11 449 226 675 1,710 446 2,156 157,000 1,469,000 2,973,000 5,103,000 8,410,000 11,406,000 37. 102,000 105,000 32,000 42 28 39

89 40 639 793 89 40 1,432 38. 16 10,109,000 9,303,000 8,489,000 51%8,000,000 51%33,000,000 1,600,000 99%10,000,000 99% 95,251,000 4,988,0002,000,000 99%10,000,000 99% 122,226,000 7,759,000 2,000,000 99%9,000,000 99% 139,267,000 5,909,000

1,800,000 4,000,000 500,000 5,000,000 39. 12 40. (a) (i) 7,154 6,739 595 (ii) 3,060 6,889 4,622 (iii) 1,310 3,016 3,306 (iv) 125 127 46 (v) 45 160 90 (i) 21 (ii) (iii) 21

(iv) (v) (vi) (b) (i) 18 (ii) 112 (iii) 19 11 28 (i) (ii) 6.138 7.02

(iii) 2.5 (c) 21 22 23 27 28 29 30 200,000 (d) 18,000 54,000 44,000 31 (e) 13 41. (B) (C) 1.

2. 23,920,000 50% 3. 45% 55% 30,000,000 (D) P03224

4.29 A. (A) 4.29

1 2 4 3 4 1.05 141,946 165,230 307,176 0.38 0.43 1.2 141,946 190,290 332,236 0.42 0.47 1. 144,025,000 2,079,000 2. 1.05 1.2 3. 1 2 800,000,000 4. 0.8809 1

5. 12,530,000 8,600,000 3,930,000 494,000

B. 95 16 200,000,000 0.01 A A 4 29 7 4 29(7)

300 4 29(1) (a) (b) (c) 4 29(1) P03224

23 (852)2801 6100 (852)2530 0756 C-023750 savills.com

1 2

5 12 60 MSc FRICS FHKIS MCIArb RPS(GP) 25 20

1. 11,800,000 60 2. 730,000 123 9 2D 12,530,000 3. 44 10 1016 4. 5. 40 26 2603

6. 119 4 12,530,000

1. 60 7,061.11 76,006 8,131.2187,524 11,800,000 1. C0350762 C03507637,061.11 6,870.21 2. i. 6,870.21 ii. iii. 6,870.21 iv. 1 v.

vi. 1,261.00 vii. viii. ix. 3. 3.(vi) 490,000 4.

2. 13 2 730,000 123 9 2D 138.891,495 1. C4453417 2. i. ii. iii. 3.

3. 12 10 44 10 1016 21.60 233 11,826 1. 55% 2. i. ii. iii. 200 500 iv. 3.

4. 2,234.00 24,047 269,824 1. 51% 2. i. ii. iii. iv. 200 500 3.

5. 26 26 40 26 2603 50.00 538 5,000 1. 2. i. ii. iii. iv. 100 5,000 v. 3.

6. 7 4 119 4 1,277.37 13,750 214,596 1. 2. i. ii. iii. iv. 3.

1. (a) 27(2) (b) 2. (a) (i)

(ii) (iii) (iv) (v)

(aa) (bb) (cc)

(dd) (ee) 5% (ff) (vi)

(vii)

(aa) (bb) (cc) (6) (dd) (ee) (ff) (viii)

(ix) (x) (30) (b) (c) (i) (ii) (iii) (iv)

(v) (d) (e) 21 10 (95%) (21) 10 (15)

(f) (g) (15)(18)

(h) (21) (i) 2120 (e) 21 10

14 10 (i) (ii) (95%) (aa) (bb) (cc) (dd) (ee) (ff) (20%) (gg) (j)

(30)

(k) (l) (m) (i) (ii) (a) (b)

(n)

(o) 20 (14) (20) (p) (2) 2.50 1.00

(q) (r) 3(f) (s) (i) (ii)

(t) (i) 12 (ii) 12 (iii) (3) (u) 3. (a)

(b) (a) (b) (c) 37 (d) (e) (f) (c)

(d) (e) 34 34 2(m)

(f) (a) (b) (c) (a) (b) (c) (d) (g) (h) (i) (ii) (iii)

(i) (j) 6 (1) (2) (k) (l) (m)

(n) (28)

(21) (o) (75%) (p) (4) (90%) (2) (1) (q)

4. Conyers Dill & Pearman

1. XI 26 41 09-10 2. 380,000 38,000,000 0.01 Codan Trust Company (Cayman) Limited Codan Trust Company (Cayman) Limited Clear ProfitClear Profit Benefit Way Rich Talent Genius Mind Great Passion Honor Boom Huge Step Jumbo Gain Perfect Quality 2,8193,8501,38032,86532,86514,250 3,8304,1503,990 9,962,000,000 0.01 380,000100,000,000 Titans BVI Titans BVI Titans BVI Titans BVI 100,000 100,000,000 10,000,000,000 8,000,000 800,000,000 9,200,000,000

3. (i) 9,962,000,000 0.01 380,000100,000,000 0.01 (ii) 100,000 Clear Profit Benefit Way Rich Talent Genius Mind Great Passion Honor Boom Huge Step Jumbo Gain Perfect Quality 2,820 3,850 1,380 32,865 32,865 14,250 3,830 4,150 3,990 Clear Profit Benefit Way Rich Talent Genius Mind Great Passion Honor Boom Huge Step Jumbo Gain Perfect Quality Titans BVI (iii) 5,981,193.75 598,193,175 Clear Profit Benefit Way Rich Talent Genius Mind Great Passion Honor Boom Huge Step Jumbo Gain Perfect Quality (iv) (i) (ii) (a)

(b) (c) (d) (e) 1,600,000 (v) 20% (a) (b) (c) (vi)

10% (a) (b) (c) (vii) (v) (vi) 10% (viii) 4. (a) (b) Titans BVI 1 Titans BVI Genius Mind Titans BVI Genius Mind 3,865 Great Passion 3,866 Honor Boom 1,071 Jumbo Gain 415 Perfect Quality 399 Huge Step 383

(c) Bright Luck T&TC Capital Enhance InvestmentBright Luck T&TC Capital Enhance Investment 2,759,540 5,639,830 7,700,630 Rich Talent Clear Profit Benefit Way (d) Titans BVI Titans BVI Titans BVIGenius Mind Great Passion Honor Boom Huge Step Jumbo Gain Perfect Quality Titans BVI 3,866 3,866 1,071 383 415 399 (e) Genius Mind Titans BVI 138 282 386 Rich Talent Clear Profit Benefit WayGreat Passion Titans BVI 138 282 384 Rich Talent Clear Profit Benefit Way (f) Genius Mind Great Passion Titans BVI 352 354 Honor Boom Honor Boom (g) Bright Luck Clear ProfitClear Profit Clear ProfitClear Profit Titans BVI2.82% (h) Bright LuckT&TC Capital Enhance Investment Rich Talent Benefit Way T&TC Capital Enhance Investment Rich Talent Benefit WayRich Talent Benefit Way Rich Talent Benefit Way Titans BVI 1.38% 3.85% (i)

(j) Wealth Source (k) Rich Talent Bright Luck 5% (l) Thomas Pilscheur Thomas Pilscheur 6,399,332 6,934,002 6,666,667 Huge Step Jumbo Gain Perfect Quality (m) 80% 2,400,000 (n) 400,000 0.25% (o) Bright Luck Enhance Investment Clear Profit Benefit Way (p) Bright Luck Enhance Investment Enhance Investment (a) Clear Profit Benefit WayClear Profit Benefit Way Clear Profit Benefit Way 2.04% 2.78% (b) Clear Profit Benefit Way

(q) Wealth Source 2.47% (r) Titans BVI Titans BVI Titans BVI Titans BVI 100,000 5. (a) Titans BVI Genius Mind Titans BVI 1.00 Titans BVI 0.01 Titans BVI 9,999 0.01 Genius Mind Great Passion Honor Boom Huge Step Jumbo Gain Perfect Quality 3,865 3,866 1,071 383 415 399 (b) Titans BVI 10,000 0.01 Genius Mind Great Passion Honor Boom Huge Step Jumbo Gain Perfect Quality 3,866 3,866 1,071 383 415 399

6. (a) (b) 10% (i) (ii) (iii) (c)

(d) 10% (e) (f) (i) (ii) (g)

(h) (i) 26

1. (a) 10,000,000 3,413 (b) 80% 2,400,000 (c) 400,000 0.25% (d) Wealth Source (e) Titans BVI Titans BVI Titans BVI 100,000 (f) (g) Genius Mind Great Passion (h)

2. (a) 2 9 682551 9 678536 9 1129288 9 3671331 9 1444349 9 1444348 9 1444350 42 3664741 1 2 9 300728965 9 300728956 2 9 42

(b) LED ZL 2007 1 0029587.9 ZL 2007 1 LED 0029589.8 ZL 2007 1 LED 0029855.7 ZL 2004 2 0102155.8 ZL 2004 2 0102154.3 ZL 2005 2 0064613.8 ZL 2005 2 0064612.3 ZL 2005 2 0064614.2

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ZL 2007 2 0049116.X ZL 2007 2 0049117.4 ZL 2007 2 0049118.9 ZL 2007 2 LED 0055110.3 LED ZL 2007 2 0055108.6 ZL 2007 2 0055106.7 ZL 2007 2 LED 0055107.1 ZL 2007 2 LED 0055928.5 ZL 2008 2 LED 0046123.9

SD 200920061901.6 200920062339.9 200920194084.1 200920194087.5 USB 200920062338.4 200920054393.9 LED LED 200810026047.X 200810027302.2 LED LED 200710029590.0 1 200710029588.3 200710029753.5 1

(c) ZL 2008 3 0044437.0 ZL 2008 3 0044436.6 (d) TA4000 DGY-2006-0490 V1.0 TA5000 DGY-2006-0491 V1.0 TEP-G DGY-2002-0743 V2.0 TEP-B DGY-2002-0740 V2.0 GZDW DGY-2003-0305 V2.2 TEP-1 DGY-2002-0744 V2.2

PLC DGY-2008-0642 V1.2 VQC DGY-2008-0641 V2.0 TA3000 DGY-2008-0550 V1.0 TTPQ-100 DGY-2008-0551 V1.0 TZX-G DGY-2004-0079 V2.2 TAL200 DGY-2004-0077 V2.2 TAT210 DGY-2004-0078 V2.2 TEP-G 2007SR15273 V2.0 081268 PLC 2008SR18247 V1.2 105426 VQC 2008SR18246 V2.0 105425 TEP-B 2007SR15272 V2.0 081267

GZDW 2007SR15274 081269 V2.2 TEP-1 2007SR15275 V2.2 081270 TAT210 2009SR06193 132372 V2.2 TZX-G 132369 2009SR06190 V2.2 TAL200 2009SR06189 V2.2 132368 TACC 2008SR16167 V1.0 103346 TA 3000 2008SR13623 V1.0 100802 TTPQ-100 2008SR13624 V1.0 100803 2009SR014752 V1.0 0141752 (e) titans.cn titans.com.cn

1. (a) XV XV 7 8 352 (i) 1 2 198,159,875(L) 24.77% 800,000(L) 0.1% 30,000,000(S) 3.75% 4 3 198,159,875(L) 24.77% 800,000(L) 0.1% 1. L S 2. Genius Mind Genius Mind 190,174,457 Rich Talent 50% 7,985,418 800,000

3. Great Passion Great Passion 190,174,457 Rich Talent 50% 7,895,418 800,000 4. (b) (i) (ii) 50,000 50,000 10% (iii) 3% (iv) 10,000

(c) (i) (1) (2) (3) (ii) 271,000 439,000 466,000 (iii) 983,000 (iv) 3 13 (v) (1) (2) (vi) (vii) 3 10,000 (viii)

(ix) 2. XV 2 3 336 10% (i) Genius Mind 190,174,457 23.77% 1 Great Passion 190,174,457 23.77% 2 Honor Boom 82,458,117 10.31% 3 82,458,117 10.31% 3 800,000 0.1% Thomas Pilscheur 69,264,818 8.66% 4 1. Genius Mind Genius Mind Genius Mind

2. Great Passion Genius Mind Great Passion 3. Honor Boom40% 30% 30%800,000 4. Thomas Pilscheur Huge Step Jumbo Gain Perfect Quality Huge Step 22,162,427Jumbo Gain 24,014,118 Perfect Quality 23,088,273 (ii) Genius Mind 30,000,000 3.75% (iii) 20% 20% 20% 49% 3.

(a) (b) (b) (d) (c) 1.00 (d) (a) (b) (c)

(e) 30% 30% (e) 10% 80,000,000 10% 10% 12 1%

(f) 10 (g) (h) 1 (h) (i)

12 (j) 14 (k) (l) (e)

(m) (i) (ii) (h) (i) (j) (iii) (k) (k) (iv) (j) (v) (vi) (g)

(n) (o) (e)10% (e)1% (p) 17.03 17

(q) (r) (q) (s) (t) (i)(ii)

(u) 12 (i) 0.1% (ii) 5 1. (a) (b) 50% 1.00

(c) (i) 25% 12 24(b) 25% 24 36(c) 25% 36 48 (d) 25% 48 60 (d) (p) (q) (t) (e) (u) 2. 50%23,920,000 2.99% 50% (c) 53

800,000 0.1% 9 201 800,000 0.1% 109 4 401 800,000 0.1% 28 3 4 301 800,000 0.1% 8 10 101 800,000 0.1% 28 4 1 301

800,000 0.1% 127 829 800,000 0.1% 13 2 1301 800,000 0.1% 168 2 3 801 800,000 0.1% 206 10 3 404 400,000 0.05% 13 604

640,000 0.08% 31 9 401 640,000 0.08% 1 1 101 640,000 0.08% 10 2 918 640,000 0.08% 52 25 1 601 400,000 0.05% 60

640,000 0.08% 237 7 701 400,000 0.05% 8 5 1 603 400,000 0.05% 145 22 3 202 400,000 0.05% 6 3 303 640,000 0.08% 123 2 3 401

640,000 0.08% 2398 3 1 303 400,000 0.05% 1 1 404 400,000 0.05% 64 2 2 703 400,000 0.05% 53 2 604 400,000 0.05% 1 31 401

400,000 0.05% 60 400,000 0.05% 8 1 6 202 400,000 0.05% 3 606 200,000 0.025% 10 2 301 400,000 0.05% 600 18 1202

400,000 0.05% 1 68 2 501 200,000 0.025% 601 400,000 0.05% 1 1 504 200,000 0.025% 1 1 1703 400,000 0.05% 229 2 3 1601

200,000 0.025% 70 27 4B 200,000 0.025% 3168 7 702 200,000 0.025% 8 8 1 504 200,000 0.025% 1 21 602 640,000 0.08% 28 4 2 701

400,000 0.05% 628 705 400,000 0.05% 27 21 12 400,000 0.05% 14 101 400,000 0.05% 3 2 802 400,000 0.05% 89 C 43 4

400,000 0.05% 28 C 502 200,000 0.025% 1 46 10 1102 200,000 0.025% 666 A205 200,000 0.025% 16 1 2 208 200,000 0.025% 8 6 1 601 200,000 0.025% 20 5 30

200,000 0.025% 45 1 1 1 200,000 0.025% B 1203 23,920,000 2.99% (1)(2) 823,920,000 800,000,000 23,920,000 0.068 800,000,000 0.066 823,920,000 41.15% 42.47%

1. (g) (a) (b) (c) (d)

(e) 2. 1,600,000 0.2% 3. 13.46 4. 5. 8,500 66,300

6. 7. Conyers Dill & Pearman 8. Conyers Dill & Pearman 9. 44A 44B

10. (a) (i) (ii) (b) (c) (d) 5% 11. (a) (i) (ii) (iii)

(iv) (b) 2. Conyers Dill & Pearman (i) (ii) (c) (d) (e) 12 12. 32L 4

(i) (ii) (iii) 10 12 1. 2. 3. 4. 5. 6. Conyers Dill & Pearman 7. 8. 9.

10. 11. 12.