CHINA GREENLAND RUNDONG AUTO GROUP LIMITED 2015 ANNUAL REPORT
財務資料附註 截至二零一五年十二月三十一日止年度 2 中國綠地潤東汽車集團有限公司
財務資料附註 截至二零一五年十二月三十一日止年度 目錄 公司資料 2 綜合損益表 55 財務摘要 3 綜合全面收益表 56 主席報告書 4 綜合財務狀況表 57 管理層討論與分析 10 綜合權益變動表 58 企業管治報告 21 綜合現金流量表 59 董事及高級管理人員簡介 33 財務報表附註 61 董事會報告 38 獨立核數師報告 53 二零一五年年報 3
Maples Corporate Services Limited PO Box 309, Ugland House Grand Cayman, KY1-1104 Cayman Islands 5679 163 54 Maples Fund Service (Cayman) Limited PO Box 1093, Boundary Hall Cricket Square, Grand Cayman KY1-1102, Cayman Islands 183 17 1712 1716 1 22 1365 www.rundong.com.cn 2
6,017,408 9,383,809 11,587,838 15,469,317 14,923,054 90,403 91,213 248,393 312,930 208,899 3,910,521 7,188,003 8,251,697 10,509,124 12,692,785 596,361 692,165 944,437 1,739,603 3,216,730 7.6% 6.8% 8.6% 9.3% 9.3% 21.6% 14.2% 30.4% 18.5% 6.5% 0.30 0.34 0.20 1.18 1.62 2.00 70,000 60,000 50,000 40,000 30,000 20,000 10,000 13.9% 7.1% 35,962 36,768 43,381 56,628 60,621 2,000 1,500 1,000 500 37.3% 18.9% 549 717 1,118 1,640 1,950 0 2011 2012 2013 2014 2015 0 2011 2012 2013 2014 2015 3
4
1.7% 261.4% 24% 14,923.1 15,469.33.5% 13,829.012,972.66.2% 1,640.41,950.5 18.9% 203.333.4%0.2 5
Greenland Financial Overseas Investment Group Co., Ltd Greenland Financial Greenland Financial KPI 18.9%1,950.5 + + PC ERP O2O 6
2 11 8 1 2 1 1 1 2 844 7
20151.726.88 14 20002 3 2015 1 2 20% 50 80% 8
+ 9
10
67.7 6.9%25 0.4 187.4178.2 5.2%,18.63 100 2,450.3 2,459.83.3% 4.7%4.02.22,107.9 2,114.65.8% 7.3%4.42.6 41.6L 18.5% 2,000 1.72 MINI DS. 11
14,923.1 3.5% 1,390.9 3.4% 203.3 33.4% 0.2 12,972.6 6.2% 60,621 7.1% 25,5836.1% 1,950.5 18.9%13.1% Greenland Financial 15.5 Greenland Financial30% 1.72 CRM 1,950.5 18.9%13.1% 2.5 848.4 15.6% 12
5,000 2 11 1 MINI 22 MINI 8 1 2 1 1 1 2 844 8MINI 215 7045148 21 13
4 MINI 24 7 4 2 1 1 27 70 19 14
1.726.88 14 20002 3 1 2 15
20% 50 80% + 16
14,923.13.5% (%) (%) (%) 9,271,610 62.1 10,104,901 65.3 8.2 3,700,969 24.8 3,724,059 24.1 0.6 12,972,579 86.9 13,828,960 89.4 6.2 1,485,762 10.0 1,193,151 7.7 24.5 464,713 3.1 447,206 2.9 3.1 1,950,475 13.1 1,640,357 10.6 18.9 14,923,054 100 15,469,317 100 3.5 856.46.2% 86.9% 71.5% 28.5% 1,640.418.9%1,950.5 (i) (ii) (iii)10.6% 13.1% 14,030.23.5% 13,532.6 12,430.5693.3 5.3% 1,102.1 195.621.6% 17
1,390.548.6 3.4% 705.2 23.1% 542.1424.7 733.9 15.6%848.4 39.0% 61.0% 9.3% 9.3% 4.2%5.1%43.5%44.7% 252.06.0% 267.1 444.8 418.0 6.4% 487.7 444.0 9.9% 324.1 468.0 30.7%2.2% 3.0%0.8 115.235.5% 208.9312.9 33.2%1.4% 2.0%0.6 18
1,513.2 1,072.2 41.1% 210.0 449.5 650.4 1,474.7 824.4 346.4 1,109.4 1,899.74.7% 1,810.5 46.050.0 208.7 251.8 19
4,240.0 1,768.4 5,209.9 3,934.0 1,275.9 100%162.0%226.1% 5,0764,400 291.0 278.0 1,085.4 20
1 A.2.1 A.2.1 2 21
3 (1) (2) (3) 33 37 22
(4) 3.13 (5) 16.18 16.2 23
(6) (7) 1 7/7 2/2 0/0 2/2 6/7 2/2 6/7 0/2 7/7 2/2 2 3/5 0/2 2 3/5 0/2 3 4/7 1/2 1/2 0/2 6/7 2/2 0/2 4 1/2 0/0 0/0 5 1/2 0/0 0/0 6/7 2/2 2/2 2/2 1/2 6/7 2/2 2/2 1/2 5/7 2/2 1/2 1 6/7 2/2 0/0 0/2 1 2 24
3 4 5 1 Greenland Financial 14 3 25
4 5 (1) 2 26
(2) 2 9 0 1,000,000 4 (3) 27
2 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (c) (d) (e) (f) 28
6 (1) (2) (3) (4) (5) 7 8 5253 4,950,000 73,000 5,023,000 29
9 10 www.rundongauto.com 11 3.29 15 37 30
12 13 183 54 (ir@rundongauto.cn) 21 18354(ir@rundongauto.cn) 18354 (ir@rundongauto.cn) 31
14 China Rundong Auto Group Limited China Greenland Rundong Auto Group Limited 32
46 (www.hangaofood.com) 45 1728 600653 46 33
47 60 42 600606 41 0337 416 600958 34
35 Kohlberg Kravis Roberts & Co.KKR 3360United Envirotech Ltd U191117 KKR Morgan Stanley Private Equity Asia 2319 23181880 503 United Envirotech Ltd U19 53 55 Mei 1238 MI 1555 989Mei 61 30 2233 9514931115 22221117 12306030600030 451 01237 966 35
52 600892 46 47 46 600166 ZAP Inc. 36
47 1728 48 CMI TKR 39 52 20 0157 1086 12301253 3993 6808 37
40 40 3 11 20 4S LED 38
665.4 3,122.5 31 39
Rundong Fortune Investment Limited Rundong Fortune Rundong Smart Investment LimitedRundong Smart KKR Auto Retail Holding Ltd II KKR Auto 330.0 Runda (PTC) Limited 183 17 1712 1716 13 30 Greenland Financial Rundong Fortune Greenland Financial 536,270,747 251,942,800284,327,947 2.89 1,549,822,459 40
Greenland Financial Rundong Fortune Greenland Financial 536,270,747251,942,800 284,327,9472.89 1,549,822,459 (1) Rundong Fortune KKR Auto Greenland Financial (a) Rundong Fortune 200,073,200 (b) KKR Auto 179,867,600 (2) 2.8980,537,237 (i) Rundong Fortune 484,016,000 45.1% (ii) KKR Auto 280,000,000 26.1% (iii) Rundong Fortune KKR Auto 14A.07 14A 37 14A 14A 41
28 Rundong Fortune Cheerful Autumn Holdings LimitedCheerful Autumn Rue Feng Holdings LimitedRue Feng Rundong Fortune Cheerful Autumn Rue Feng 100,000,000 150,000,000 (a) (b) 42
(a) (b) (a) (b) 43
16.18 16.2 37 8.10 44
571 XV 352 (1) (2) (4) 1,089,185,598 (L) 115.08% (3) (4) 8,920,708 (L) 0.94% (3) (4) 9,158,878 (L) 0.97% (3) (4) 5,728,094 (L) 0.61% (3) (4) 5,601,094 (L) 0.59% (3) (5) 166,719 (L) 0.02% (1) L (2) Rue Feng Run Feng (3) Runda (PTC) LimitedRundaRunda China Auto Retail Holding Group LtdChina Auto Retail Holding Ltd (4) 2.8980,537,237 (5) XV 352 45
336 5%XV (1) Rundong Fortune Investment Limited (2) 1,052,286,747 (L) 111.18% Cheerful Autumn Holdings Limited (2) 1,052,286,747 (L) 111.18% Rue Feng Holdings Limited (2) 1,052,286,747 (L) 111.18% HSBC International Trustee Limited (2) 1,052,286,747 (L) 111.18% Greenland Financial Overseas Investment 1,052,286,747 (L) 111.18% Group Co., Ltd. (3) (3) 1,052,286,747 (L) 111.18% (3) 1,052,286,747 (L) 111.18% (3) 1,052,286,747 (L) 111.18% KKR China Auto Retail Holding Ltd II (4) 280,000,000 (L) 29.58% KKR China Auto Retail Holding Ltd I (4) 280,000,000 (L) 29.58% KKR China Growth Fund L.P. (4) 280,000,000 (L) 29.58% KKR Associates China Growth L.P. (4) 280,000,000 (L) 29.58% KKR China Growth Limited (4) 280,000,000 (L) 29.58% KKR Fund Holdings L.P. (4) 280,000,000 (L) 29.58% KKR Fund Holdings GP Limited (4) 280,000,000 (L) 29.58% KKR Group Holdings L.P. (4) 280,000,000 (L) 29.58% KKR Group Limited (4) 280,000,000 (L) 29.58% KKR & Co. L.P. (4) 280,000,000 (L) 29.58% KKR Management LLC (4) 280,000,000 (L) 29.58% Kravis Henry Robert (4) 280,000,000 (L) 29.58% Roberts George R. (4) 280,000,000 (L) 29.58% (5) 185,898,107 (L) 19.64% (5) 185,898,107 (L) 19.64% 46
(1) L (2) Rundong Fortune Cheerful Autumn Cheerful Autumn Holdings Limited Rue Feng Rue Feng Holdings Limited Run Feng Run Feng Run Feng Run Feng (3) (4) KKR China Auto Retail Holding Ltd. I KKR Auto KKR China Growth Fund L.P. KKR China Auto Retail Holding Ltd IKKR Associate China Growth L.P. KKR China Growth Fund L.P. KKR China Growth Limited KKR Associates China Growth L.P. KKR Fund Holdings L.P. KKR China Growth Limited KKR Fund Holdings GP Limited KKR Fund Holdings L.P. KKR Group Holdings L.P. KKR Fund Holdings L.P.KKR Fund Holdings GP Limited KKR Group Limited KKR Group Holdings L.P. KKR & Co. L.P. KKR Group Limited KKR Management LLC KKR & Co. L.P. Henry R. Kravis George R. RobertsKKR Management LLC Henry R. Kravis George R. Roberts (5) Rundong FortuneCheer Hope Holding Limited CCBI Investments Limited CCBI Investments LimitedCCB International (holding) Limited CCB International (holding) Limited CCB Financial Holding LimitedCCB Financial Holdings Limited CCB International Group Holding Limited CCB International Group Holding Limited 57.26% a. 1 2 0.3573 6,012,474 803,520 1,612,194 6,963,414 47
1 30% 60% 80% 100% 2 i. ii. iii. b. c. 2.8980,537,237 80,537,237 (a) 8.5%(b) 4.8% 48
(%) 30 30 20 20 (a) (b) i. 70% 70% ii. 70% 100% 100% iii. 70% (c) (d) Rundong Fortune 30%30% (a) (b) 12 49
30% 36,898,851 11,069,655 25,829,196 7,737,800 2,321,340 5,416,460 7,737,800 2,321,340 5,416,460 4,855,600 1,456,680 3,398,920 4,418,186 1,325,456 3,092,730 3,477,800 1,043,340 2,434,460 3,077,800 923,340 2,154,460 4,077,800 1,223,340 2,854,460 4,777,800 1,433,340 3,344,460 Lee Nan-Ping* 3,477,800 3,477,800 0 80,537,237 26,595,631 53,941,606 * Lee Nan-Ping 14% 22%14% 22% 36.07 26.37 5% 10%5% 10% 50
9 10% 30%8 78.1% 72.1% 29.5%29.3% 5% 51
52
Ernst & Young 22/F CITIC Tower 1 Tim Mei Avenue Central, Hong Kong Tel : +852 2846 9888 Fax : +852 2868 4432 ey.com 55 130 53
54
5(a) 14,923,054 15,469,317 6(b) (13,532,583) (14,030,217) 1,390,471 1,439,100 5(b) 267,092 252,006 (444,759) (417,995) (487,711) (443,964) (10,727) (10,701) 7 (390,283) (350,484) 6 324,083 467,962 8 (115,184) (155,032) 208,899 312,930 203,303 305,422 5,596 7,508 208,899 312,930 12 0.20 0.34 0.16 0.34 55
208,899 312,930 (814) (499) (814) (499) (814) (499) 208,085 312,431 202,489 304,923 5,596 7,508 208,085 312,431 56
13 3,249,299 2,640,307 14 480,802 343,688 15 484,763 213,702 16 389,413 436,474 17 2,426 18 700,724 207,146 19 102,000 102,000 29 10,657 7,458 5,420,084 3,950,775 20 1,810,452 1,899,654 21 251,775 208,722 17 2,750 22 2,317,658 1,395,302 23 47,606 60,017 24 1,329,248 1,922,496 25 1,513,212 1,072,158 7,272,701 6,558,349 12,692,785 10,509,124 28 1,403,609 680,944 29 149,384 55,486 1,552,993 736,430 26 2,775,017 3,638,877 27 1,092,543 934,840 28 3,806,306 3,253,060 249,196 206,314 7,923,062 8,033,091 (650,361) (1,474,742) 4,769,723 2,476,033 30 5 3 31 3,122,533 1,651,004 3,122,538 1,651,007 94,192 88,596 3,216,730 1,739,603 12,692,785 10,509,124 57
30 30 31(i) 33 31(ii) 31(iii) 522,799 8,230 81,315 275,779 (852) 887,271 57,166 944,437 305,422 305,422 7,508 312,930 (499) (499) (499) 305,422 (499) 304,923 7,508 312,431 3 665,372 (2) 665,373 665,373 94,752 (29,402) 65,350 65,350 (297,000) (297,000) (297,000) 23,922 23,922 48,046 (48,046) 25,090 25,090 25,090 3 760,124* 522,797* 3,918* 129,361* 236,155* (1,351)* 1,651,007 88,596 1,739,603 203,303 203,303 5,596 208,899 (814) (814) (814) 203,303 (814) 202,489 5,596 208,085 2 1,266,524 1,266,526 1,266,526 35,155 (35,155) 2,516 2,516 2,516 5 2,026,648* 522,797* 6,434* 164,516* 404,303* (2,165)* 3,122,538 94,192 3,216,730 * 1,651,004,000 3,122,533,000 58
324,083 467,962 6(c) 227,369 170,962 6(c) 28,569 14,892 6(c) 13,953 8,709 7 390,283 350,484 5(b) (19,026) (18,490) 6(c) 6,557 5,611 33 2,516 25,090 294,500 (259,965) 10,790 (18,572) (556,683) (257,918) (5,176) 984,751 (907,636) 21,625 (36,672) (1,217,464) 900,815 (633,729) 126,686 (127,082) 571,958 (82,930) (122,432) (210,012) 449,526 (340,038) (1,091,582) 73,732 119,681 (6,376) (17,771) (1,856) (7,035) 19,026 18,490 (379,801) (418,485) 32 (94,474) (729,787) (1,396,702) 59
1,266,526 665,373 65,350 8,373,639 6,822,538 (8,090,499) (6,133,933) (392,621) (362,227) 103,950 23,922 266,107 328,572 255,218 1,381,667 1,602,348 441,868 655,172 (814) (499) 1,072,158 417,485 25 1,513,212 1,072,158 25 1,513,212 1,072,158 1,513,212 1,072,158 60
1. P.O. Box 309, Ugland House, Grand Cayman, KY1 1104, Cayman Islands 2.1 5 650,361,000 61
2.1 (a) (b) (c) (i) (ii) (iii)(i)(ii) (iii) 2.2 19 (a) 62
2.2 (b) 88 1638 24 (c) 33 13 13 939 13 13 403 40 622 63
2.3 9 2 10 4 28 10 1 12 28 11 1 14 3 15 2 1 1 16 1 38 16 1 41 27 1 1 1 2 3 4 9 39 9 9 9 9 (a) 9 64
2.3 (b) 9 9 9 102810 28 11 3 11 15 15 15 1515 15 15 65
2.3 1 (i) 1 (ii) (iii) (iv) 1638 1638 2.4 (a) 66
2.4 (a) 39 39 67
2.4 (b) 68
2.4 (c) (d) (a) (i) (ii) (iii) 69
2.4 (d) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) (e) 70
2.4 (e) 15 20 3% 5 10 3% 3 5 3% 6 3% (f) 5 15 20 15 15 71
2.4 (g) (h) 20 50 (i) 72
2.4 (i) (a)(b) 73
2.4 (j) (a) (b) (k) 74
2.4 (k) 75
2.4 (l) (m) (i) (ii) (n) 76
2.4 (o) (p) (q) (r) (i) (ii) 77
2.4 (r) (i) (ii) (s) 78
2.4 (t) (a) (b) (c) (d) (e) (f) (u) (v) 33 79
2.4 (v) (w) 80
2.4 (x) 8.00% 8.97% (y) 622 (z) 81
2.4 (z) 3. 7,458,00010,657,000 29 82
3. 83
4. 10% 5. (a) 12,972,579 13,828,960 1,950,475 1,640,357 14,923,054 15,469,317 (b) 193,422 191,940 32,286 29,172 19,026 18,490 7,557 3,569 4,484 2,704 10,317 6,131 267,092 252,006 84
6. (a) 9 189,990 199,294 2,516 6,690 98,534 72,038 291,040 278,022 (b) 12,430,503 13,123,786 1,102,080 906,431 13,532,583 14,030,217 (c) 227,369 170,962 73,992 70,031 60,483 55,161 28,569 14,892 10,110 14,688 13,953 8,709 6,557 5,611 7. 344,550 340,315 48,071 21,912 (2,338) (11,743) 390,283 350,484 85
8. (a) 125,812 155,077 29 (10,628) (45) 115,184 155,032 6 16.5% 25% (b) 324,083 467,962 (25%) 81,021 116,991 901 960 12,996 11,364 (535) 19,872 21,354 30 27 364 10% 4,871 115,184 155,032 86
9. 383(1)(a) (b) (c) (f) 2 * 912 33 945 768 35 803 757 40 797 576 35 611 ** 251 23 274 540 540 ** 220 220 220 220 220 220 220 220 880 3,804 166 4,850 * ** 87
9. *** 997 13 1,010 862 37 7,799 8,698 805 37 4,135 4,977 645 28 2,539 3,212 602 28 485 1,115 610 3,442 4,052 92 92 92 92 92 92 92 92 978 3,911 143 18,400 23,432 *** 33 88
10. 9 593 621 35 37 981 628 1,639 1,000,000 1 1,000,0011,500,000 1,500,0012,000,000 1 1 1 33 11. 89
12. 1,026,474,750 902,927,750 203,303 305,422 1,026,474,750 902,927,750 249,100,780 1,843,127 6,082,506 1,277,418,657 909,010,256 0.20 0.34 0.16 0.34 90
13. 2,031,726 124,373 176,401 148,519 367,831 166,056 3,014,906 22,066 188,410 18,676 25,403 101,412 11,585 367,552 69,795 148,081 9,643 7,842 (235,361) 32 202,786 62,461 22,852 25,413 38,006 238,593 590,111 (4,789) (2,120) (100,282) (107,191) 2,321,584 523,325 227,572 205,057 406,967 180,873 3,865,378 (174,350) (8,867) (42,186) (71,641) (77,555) (374,599) (81,144) (34,830) (17,258) (32,381) (61,756) (227,369) 32 (18,942) (1,353) (5,716) (10,032) (6,038) (42,081) 1,368 1,051 25,551 27,970 (273,068) (45,050) (65,160) (113,003) (119,798) (616,079) 1,857,376 115,506 134,215 76,878 290,276 166,056 2,640,307 2,048,516 478,275 162,412 92,054 287,169 180,873 3,249,299 91
13. 1,447,010 10,077 122,145 121,901 268,263 194,887 2,164,283 48,816 9,313 31,056 28,782 207,119 693,115 1,018,201 588,668 104,983 23,433 4,862 (721,946) (52,768) (233) (7,026) (107,551) (167,578) 2,031,726 124,373 176,401 148,519 367,831 166,056 3,014,906 (111,587) (5,242) (29,846) (50,017) (49,231) (245,923) (87,330) (3,625) (12,510) (23,485) (44,012) (170,962) 24,567 170 1,861 15,688 42,286 (174,350) (8,867) (42,186) (71,641) (77,555) (374,599) 1,335,423 4,835 92,299 71,884 219,032 194,887 1,918,360 1,857,376 115,506 134,215 76,878 290,276 166,056 2,640,307 273,535,000258,818,000 427,704,000 430,003,000 28 41,985,000 27,570,000 (1) (2) (3)(4) 32106,997,000 92
14. 376,377 376,377 12,938 32 150,161 539,476 376,377 (32,689) (23,980) (13,953) (8,709) 32 (12,032) (58,674) (32,689) 480,802 343,688 1248 209,612,000 185,641,000 28 13,925,00011,744,000 (1) (2) (3) (4) 49,842,00034,703,000 (1) (2) (3) 93
14. 32 75,666,000 15. 19,394 141,300 50,137 26,500 237,331 1,856 1,856 32 2,102 212,600 83,712 298,414 23,352 353,900 133,849 26,500 537,601 (8,411) (9,297) (4,178) (1,743) (23,629) (3,398) (15,410) (7,527) (2,234) (28,569) 32 (640) (640) (12,449) (24,707) (11,705) (3,977) (52,838) 10,903 329,193 122,144 22,523 484,763 12,359 141,300 50,137 26,500 230,296 7,035 7,035 19,394 141,300 50,137 26,500 237,331 (5,693) (1,766) (836) (442) (8,737) (2,718) (7,531) (3,342) (1,301) (14,892) (8,411) (9,297) (4,178) (1,743) (23,629) 10,983 132,003 45,959 24,757 213,702 94
16. 379,801 418,485 9,612 17,989 389,413 436,474 17. 2,750 2,426 5,176 3,129 2,750 2,760 2,426 5,889 5,176 713 5,176 5,176 95
18. 207,146 207,146 32 493,578 700,724 207,146 3%3% 17.5%16% 4S 96
19. 53,000 53,000 40,000 40,000 9,000 9,000 102,000 102,000 102,000 102,000 12,000,000 10,200,0005,000,000 KKR China Auto Retail Holding Ltd II KKR 53,000,00040,000,0009,000,000 5% 97
19. 102,000,000102,000,000 (a) (b) 65,000,00065,000,000 28 20. 1,647,930 1,743,615 162,522 156,039 1,810,452 1,899,654 1,104,925,000 1,314,186,000 638,690,000 404,745,000 28 98
21. 251,775 208,722 251,775 208,722 235,108 193,451 14,696 13,261 1,971 2,010 251,775 208,722 235,108 193,451 14,696 13,261 1,971 2,010 251,775 208,722 99
22. 1,080,999 647,180 750,228 558,003 32(i) 242,055 109,091 120,554 11,181 33,092 124,104 36,473 2,317,658 1,395,302 23. 47,606 60,017 24. 780,743 1,765,494 548,505 157,002 1,329,248 1,922,496 100
25. 1,513,212 1,072,158 1,115,097 890,688 300,716 171,754 97,399 9,716 1,513,212 1,072,158 26. 2,700,467 3,518,607 74,550 120,270 2,775,017 3,638,877 2,164,085 2,947,251 586,932 684,769 24,000 3,033 3,824 2,775,017 3,638,877 90 101
27. 312,543 321,166 194,067 169,638 131,801 148,589 32 53,154 33,654 36,972 13,320 117,270 32 (i) 241,359 112,645 141,205 1,092,543 934,840 28. (%) (%) 4.35 10.20 3,453,152 5.88 10.20 3,023,257 6.44 10.55 353,154 6.44 10.98 229,803 3,806,306 3,253,060 (i) 3.55 3.98 974,040 7.44 8.97 461,388 6.44 8.97 680,944 1,435,428 680,944 (31,819) 1,403,609 680,944 5,209,915 3,934,004 (a) 148,179 284,244 (b) 2,238,774 1,688,790 (a)(b) 1,880,741 1,960,970 (i) 942,221 5,209,915 3,934,004 102
28. (i) 100,000,000 150,000,000 150,000,000974,000,000 3,453,152 3,023,257 452,171 317,506 951,438 363,438 4,856,761 3,704,201 353,154 229,803 5,209,915 3,934,004 (a) (i) 427,704,000430,003,00013 (ii) 209,612,000185,641,00014 (iii) 65,000,000 65,000,00019 (iv) 638,690,000404,745,00020 (v) 1,168,640,000 1,168,640,000 103
28. (b) (i) 50,870,00065,163,000 (ii) 1,218,017,0003,687,286,000 (iii) 2,380,873,000367,066,000 29. 393 6,423 642 7,458 (148) 3,679 (332) 3,199 245 10,102 310 10,657 642 5,155 5,797 (249) 1,268 642 1,661 393 6,423 642 7,458 104
29. 233,711 178,459 55,486 55,486 101,327 101,327 (7,429) (7,429) 149,384 149,384 58,741 31,556 90,297 (3,255) 4,870 1,615 (36,426) (36,426) 55,486 55,486 10% 25%5% 105
29. 10%1 4,871,000 291,395,000514,323,000 30. 946,476,000 1,074,474,000 0.0000005 3 3 664,268,7470.0000005 2 5 3 (a) 1 (b) 799,999,999 2 2 (c) 29,500,000 94,752 94,752 (d) 244,974,000 1 665,372 665,373 1,074,474,000 3 760,124 760,127 (e) 536,270,747 2 1,266,524 1,266,526 1,610,744,747 5 2,026,648 2,026,653 106
30. (a) 50,000 250,000,000,0000.0000002 China Rundong Auto Holding Limited (b) 1,999,999,999799,999,999 100.0000002 0.0000005 0.0000002250,000,000,0002,000,000,000 100,000,000,000800,000,0000.0000005 (c) 29,500,000 0.35733329,500,000 65,350,000 29,402,000 (d) 0.0000005 244,974,0003.58665,372,000 (e) Greenland Financial Overseas Investment Group Co., Ltd.Greenland Rundong Fortune RFGreenland 536,270,7472.89 1,549,822,458 536,270,747 251,942,800284,327,947 0.00000052.89 RF KKR China Auto Retail Holding Ltd II KKR(a) 200,073,200 RF RF (b) 179,867,600 KKR KKR Greenland 1,266,526,000 107
31. (i) (ii) 41 10%50% (iii) 32. 100% 605,000,000605,000,000 53,154,000 548,030 138,129 297,774 205,298 53,843 (i) 365,673 720,075 9,214 38,887 (353,604) (i) (571,371) (1,239,199) (101,327) 111,422 18 493,578 605,000 108
32. 605,000 16 (418,485) 27 (53,154) (38,887) 94,474 1,465,669,000 14,350,000 15,411,897,000179,361,000 53,843,000365,673,000 (i) (a) 53,154,000 (b)6.6% 6% 15% 242,055,00022241,359,00027 109
33. China Rundong Auto Holding Ltd. 100.3573 Runda (PTC) Limited Runda 40,000,000 5% Runda Runda 14Runda (a) Runda (b) Runda 30,700,000 Runda 110
33. 0.3573 6,012 0.3573 22,979 0.3573 804 0.3573 14,062 0.3573 (1,612) 0.3573 (1,529) 0.3573 (29,500) 0.3573 5,204 0.3573 6,012 0.1725 1.0588 0.2192 1.3401 25,090,0002,516,000 (%) (%) 37.9 34.90 45.70 (%) 2.77 2.51 3.81 10 10 0.4514 0.5158 0.6400 10 6,012,4745,203,800 111
34. 13 14 35. a. 251,878 432,406 b. 1 17 32,140 14,801 33,383 14,127 125,277 45,747 120,626 47,159 134,448 72,263 187,231 82,662 291,865 132,811 341,240 143,948 36. 13 14 19 20 24 28 112
37. (a) 445,837 (b) 5,137 6,798 234 243 22,285 5,371 29,326 9 (c) Greenland 30Greenland Greenland Greenland Greenland 113
37. (d) 2.8980,537,237 24,161,17130% 38. 39. 24 25 28 114
39. 50 (23,864) (50) 23,864 50 (24,616) (50) 24,616 25 115
39. % 5 15,036 15,036 (5) (15,036) (15,036) % 5 42,241 42,241 (5) (42,241) (42,241) % 5 8,588 8,588 (5) (8,588) (8,588) 116
39. % 5 486 486 (5) (486) (486) 3 3 12 1 5 5 2,775,017 2,775,017 1,432,102 197,930 3,445,930 1,435,428 6,511,390 767,802 767,802 4,974,921 197,930 3,445,930 1,435,428 10,054,209 3 3 12 1 5 5 3,638,877 3,638,877 105,781 891,323 2,348,198 942,779 4,288,081 597,839 597,839 4,342,497 891,323 2,348,198 942,779 8,524,797 117
39. 2,775,017 3,638,877 5,209,915 3,934,004 767,802 597,839 (1,513,212) (1,072,158) 7,239,522 7,098,562 3,122,538 1,651,007 10,362,060 8,749,569 70% 81% 40. % % Schnell International Ltd. 100 5 Schnell Holding Ltd. 100 10,000 Allegro Auto International Ltd. 100 5 100 10,000 Spring Oasis Investments Holding 100 Limited 50,000 Fresca International Ltd. 100 5 118
40. % % 100 10,000 Presto Auto International Ltd. 100 5 100 10,000 Vivace Auto International Ltd. 100 5 100 10,000 (i) 641,999,800 100 (i) 100 107,150,000 (i) 204,090,000 100 (i) 50,000,000 100 119
40. % % 100 20,000,000 100 10,000,000 100 500,000 100 40,000,000 100 20,000,000 100 10,000,000 100 10,000,000 120
40. % % 100 1,000,000 100 5,000,000 100 3,000,000 100 15,500,000 70 13,000,000 90 10,000,000 70 15,000,000 70 15,000,000 121
40. % % 51 12,000,000 100 12,000,000 100 12,000,000 100 13,000,000 100 25,000,000 100 16,000,000 100 10,000,000 122
40. % % 100 12,000,000 100 10,000,000 100 20,000,000 100 30,000,000 100 15,000,000 100 10,000,000 100 10,000,000 123
40. % % 100 13,000,000 100 10,000,000 100 10,000,000 87 10,000,000 70 12,000,000 100 10,000,000 100 10,000,000 124
40. % % 100 15,000,000 100 10,000,000 100 10,000,000 80 10,000,000 100 10,000,000 100 21,000,000 100 10,000,000 100 17,000,000 125
40. % % 100 10,000,000 100 10,000,000 100 20,000,000 100 10,000,000 100 10,000,000 100 3,000,000 100 10,000,000 100 10,000,000 126
40. % % 100 20,000,000 100 20,000,000 70 30,000,000 100 10,000 100 30,000,000 10,000,000 70 50,000,000 100 3,000,000 100 5,000,000 127
40. % % 100 10,000,000 100 10,000,000 100 10,000,000 100 5,000,000 100 500,000 100 30,000,000 100 8,000,000 100 8,000,000 128
40. % % 100 8,000,000 100 30,000,000 100 2,000,000 100 25,500,000 100 16,500,000 100 10,000,000 100 25,000,000 (i) 129
41. 650,000,000100,000,000 28 42. 40 4,328,731 3,178,731 106,149 176,084 1,301,388 266,089 1,407,537 442,173 5,736,268 3,620,904 942,221 13,320 117,270 5,722,948 3,503,634 4,780,727 3,503,634 30 5 3 4,780,722 3,503,631 4,780,727 3,503,634 43. 130
CHINA GREENLAND RUNDONG AUTO GROUP LIMITED