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2014 2 27 135,000,000 2014 3 6 J.P. Morgan Securities (Asia Pacific) Limited J.P. Morgan Securities plc 2011 6 20 16
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2013 1 5 60% 40% 2013 8 30 2013 5 10 2006 12 19 2009 12 28 80% 20% 2003 9 29 2011 7 27 2013 2 1 60% 30% 10% 24
2011 6 22 2013 3 25 60% 40% 2011 12 19 2011 12 19 25
26
27
12 28
2010 3,256.6 2011 5,348.42012 7,205.2 48.7%2312 2012 2012 2013 9 30 23 15 2010 2011 2012 2013 9 30 97.5% 92.0% 79.1% 74.0% 29
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2012 12 31 2013 9 30 2012 12 31 2013 9 30 2013 12 31 76.4 175.2 75.4 34
35
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2012 10 7.42013 11 0.6 ERP ERP 37
201020112012 20102011201229.7% 29.3% 31.3% 38
2012 39
2010 2011 2012 2 19 2012 2 24 50 2012 6 7 6.0% 40
1994 1 1 2008 9 1 1.0 3%1% 3.0 4.0 15%25% 4.0 20% 40%2012 1 1 1.0 60 360 3.0 4.02,400 3,6004.0 3,600 5,400 2010 12 23 4S 41
2006 1 1 33%28% 2006 7 1 25% 1970 2013 10% 42
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2008 1 1 10% 25%5% 2009 10 1 5% 2009 2 5% 25% 2009 4 22 82 10% 82 82(i) 44
(ii)(iii) (iv) 82 82 25% 10% 10% 20% 2009 4 30 592009 12 10 698 45
59 698 2008 1 1 698 2008 8 29 142142 142 142 2010 11 9 59 142 59 46
10% 50% 2005 10 21 2005 11 1 30 47
48
4.10 3.65 4.55 58.5% 49
50
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Standard Chartered Private Equity Standard Chartered Private Equity ATop WheelTop WheelStandard Chartered Private Equity A 90,000,000Standard Chartered Private Equity 9.09(b) Standard Chartered Private Equity Standard Chartered Private Equity Standard Chartered Private Equity 15%14.5% 9.09(b) (a) 2011 4 10 2012 5 312013 12 122014 2 24 (b) Standard Chartered Private Equity Standard Chartered Private Equity 2011 12 (c) (d) Standard Chartered Private Equity (e) 54
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2013 12 31 11.17 11.192013 12 31 (d) 2013 13.46(1) 13.49(1) 342A 4.04(1) I 27 II31 57
58
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2012 1 30 2011 12 24 2012 1 302011 20112007 2005 2 21 2005 4 1 2005 11 10 2005 6 24 2005 8 1 68
2004 4 30 2004 7 1 2012 11 9 (i) (ii)(iii) (iv) 2001 11 20 2001 11 20 2013 11 8 2014 1 11 2005 8 29 2005 10 1 69
2008 9 12 2000 8 4 2000 8 4 2004 8 16 2004 10 1 80% 70
2010 12 23 2013 240,000 1994 1993 12 29 1994 7 1 1999 12 25 2004 8 28 2005 10 27 2013 12 28 2014 3 1 1986 4 12 1986 4 12 2000 10 31 2006 8 8 2006 9 8 2009 6 71
22 2006 9 21 2007 3 16 2007 10 1 2010 12 1 2011 2 1 1986 6 25 1987 1 1 1988 12 292004 8 28 1990 5 19 72
1994 1 1 2008 9 1 1.0 3% 1% 3.0 4.015% 25% 4.020% 40% 2012 1 1 1.0 60 3603.0 4.0 2,400 3,600 4.0 3,600 5,400 1996 1 29 2008 8 1 1996 6 20 1996 7 1 2005 10 21 2005 11 1 30 73
2012 11 19 2012 12 17 59 2008 8 29 142 142 2010 11 9 59 59 2007 1 5 2007 2 1 74
2012 2 20 2007 3 2005 7 21 2007 5 21 0.5%2005 9 23 3.0% 75
1986 4 12 1986 4 12 2000 10 31 1989 12 26 1989 12 26 2000 4 29 2000 9 1 1984 5 11 1984 11 1 1996 3 152008 2 28 1996 10 29 1997 3 1 76
2002 10 28 2003 9 1 1998 11 29 1998 11 29 2001 12 27 2002 2 1 2004 3 12 2004 10 1 (i) 10 (ii) 2012 10 22 2013 1 1 77
500,000 1 1993 2 22 2000 7 8 1993 10 31 1994 1 1 35 45 45 78
45 2012 12 29 2013 10 1 60,000 50,000 60 3,000 15 15 79
30,000 1993 9 2 1993 12 1 2007 8 30 2008 8 1 2001 12 1982 8 23 1983 3 1 1993 2 22 2001 10 27 2013 8 30 2014 5 1 80
2003 4 17 2003 6 1 1990 9 7 1991 6 1 2001 10 27 2010 2 26 2002 8 2 2002 9 15 50 50 50 2001 12 20 2002 1 1 2004 11 5 2004 12 20.cn 81
2006 2006 2 14 2006 3 17 2007 6 29 2008 1 1 2012 12 28 2010 12 28 2011 7 1 1999 1 22 1999 1 22 1999 4 3 2002 3 24 82
2000 4S 13 2013 12 31 2012 13 2002......... 4S 2005......... 4S4S 2007......... 4S 4S 4S 2008......... 4S 4S 83
2010......... 4S 4S 2011......... 4S 2012......... 4S 4S 4S 2013........................... 2012 2011 2011 TEQ 2011..................................... 2010 2012 2011 2011 2009................. 2012 2009 2009 84
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2010 10 8 85% 15% 2011 515 2013 6 25 5. 2006 6 12 85% 15% 5 2007 10 13 2008 1015% 1.95 2010 10 8 85% 15% 2013 6 25 88
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(c) Grand Forever 2011 3 171 700,000300,000 700,000 300,000 Grand Forever Golden Speed Win Force Top Wheel Grand Forever Standard Chartered Private Equity 2011 4 10 Golden Speed Win Force Top WheelStandard Chartered Private Equity Standard Chartered Private Equity Top Wheel Standard Chartered Private Equity 5,000 Top Wheel A A 34.37 Top Wheel20% 97
1,125 Standard Chartered Private Equity2011 4 21Standard Chartered Private Equity 5,000 A Standard Chartered Private Equity 30.9372011 12 13Standard Chartered Private Equity 3.437 Standard Chartered Private Equity Standard Chartered Private Equity 34.372011 12 13 Top Wheel Top Wheel Golden Speed Win Force Standard Chartered Private Equity A 56% 24% 20% Top WheelStandard Chartered Private Equity 20 Top Wheel A Standard Chartered Private Equity 2012 5 31 Standard Chartered Private Equity (i) 2013 6 30 Top Wheel2013 6 30 Standard Chartered Private Equity (ii)2,500 (iii) 670(ii) (iii) 2013 12 12 2014 9 302014 2 24 (i) 180(ii) 60 2010 10 13 2012 1 16 (a) (b) 98
A 90% A 10% Standard Chartered Private Equity Standard Chartered Private Equity Standard Chartered Private Equity Standard Chartered Private Equity 16 99
100% 100% Golden Speed Win Force 56% (1) 24% (1) Top Wheel 100% 100% Grand Forever 100% 20% (2) Standard Chartered Private Equity 100% 20% 100% 80% 60% 60% 40% 60% 60% 40% 40% 40% 60% 40% 60% 40% 60% 30% 10% 3 (1) Golden Speed Win Force Top Wheel (2) Standard Chartered Private Equity Top Wheel (3) 100
Standard Chartered Private Equity Standard Chartered Private Equity A Top Wheel A Top Wheel Standard Chartered Private Equity A Top Wheel Top Wheel Top WheelTop Wheel Top Wheel Top Wheel (i) 180(ii) 60 (i) (ii) Standard Chartered Private Equity 101
3.65 Standard Chartered Private Equity Standard Chartered Private Equity Golden Speed Win Force Top Wheel Golden Speed Win Force Top Wheel Standard Chartered Private Equity Standard Chartered Private Equity Golden Speed Win Force Standard Chartered Private Equity Top Wheel (i) 2014 4 21 (ii) Golden Speed Win Force Top Wheel Standard Chartered Private Equity 12 Standard Chartered Private Equity 102
Golden Speed Win ForceTop Wheel Standard Chartered Private Equity (i) (ii) Standard Chartered Private Equity Top Wheel Top Wheel Top Wheel Standard Chartered Private EquityStandard Chartered Private Equity (i) (ii) Standard Chartered Private EquityTop Wheel Standard Chartered Private Equity Golden Speed Win Force Top Wheel 51% Standard Chartered Private Equity A Top Wheel Top Wheel Top Wheel Top Wheel 2011 4 21 A Top Wheel 103
(i)golden Speed Win Force Top Wheel (ii) 2010 (25%) (iii) 2014 4 21 A Top Wheel A Standard Chartered Private Equity Golden Speed Win Force Top Wheel Standard Chartered Private Equity Standard Chartered Private Equity Top Wheel Golden Speed Win Force Golden Speed Win Force Standard Chartered Private Equity Top Wheel Golden Speed Win Force Standard Chartered Private Equity Top Wheel A A Top Wheel 104
Top Wheel 700,000 (20%) Standard Chartered Private Equity Standard Chartered Private EquityStandard Chartered Private Equity90,000,000 15% 14.5% 34.37Standard Chartered Private Equity 90,000,000 Standard Chartered Private Equity 2.96 3.654.55 18.9% 34.9% Standard Chartered Private Equity 8.08 Standard Chartered Private Equity Standard Chartered Private Equity2005 9 6 100 Standard Chartered Private Equity Standard Chartered Private Equity 700 10 50 Top Wheel Standard Chartered Private Equity 105
Top Wheel Top Wheel 2011 5 30.922012 1 3.3 2012 6 30 Top Wheel Grand Forever (i) Grand ForeverGrand Forever1,000 (ii) Grand ForeverGrand Forever 1,000 (iii) Top Wheel43,900 2014 1 8 Top Wheel Cantrust (Far East) Limited 2014 1 8 Cantrust (Far East) Limited Top Wheel 9,000,000 2% Westernrobust Cantrust (Far East) Limited Top Wheel 106
100% 100% Golden Speed Win Force 56% (1) 24% (1) Standard Chartered Private Equity 20% (2) Top Wheel 98% Westernrobust 2% 100% Grand Forever 100% (1) Golden Speed Win Force Top Wheel (2) Standard Chartered Private Equity Top Wheel 107
2014 1 8 2%0.5% 1.5% Top Wheel Standard Chartered Private Equity A 90,000,000Standard Chartered Private Equity 108
Standard Chartered Private Equity Top Wheel 90,000,000 20% (1) Golden Speed 100% 100% Win Force 70% 30% Westernrobust 2% Top Wheel 78% 100% Grand Forever 100% 100% Standard Chartered Private Equity 20% 20% 100% 80% 60% 60% 40% 60% 60% 40% 40% 40% 60% 40% 60% 40% 60% 30% 10% (1) Top Wheel Cantrust (Far East) Limited (2) 109
(1) Golden Speed 100% 100% Win Force 70% 30% Westernrobust 1.5% Top Wheel 58.5% Standard Chartered Private Equity 15% 25% 100% Grand Forever 100% 100% 100% 80% 60% 60% 40% 60% 60% 40% 40% 40% 60% 40% 60% 40% 60% 30% 10% (2) (1) Top Wheel Cantrust (Far East) Limited (2) 110
2013 12 31 2012 2012 2012 30.2% 2012 2012 19.2% 2012 2012 50.9% 2012 2012 16.8%2012 2012 45.4% 2012 2012 23.6% 2012 2012 43.6% 2012 2012 23.0% 23 16 4S 23152013 9 30 74.0% 2318 13 i ii 111
201020112012 7,28311,03214,810 42.6% 3,023.4 4,967.5 6,619.3 48.0% 2,568.8 4,411.0 6,122.3 54.4% 2013 9 30 11,680 4,940.94,610.0 4S 201085,729 2011111,5132012154,641 2013 9 30 124,885 12 31 9 30 2010 2011 2012 2012 2013 % % % % % % %.......... 2,568,793 78.9 4,410,970 82.5 6,122,318 85.0 54.4 4,559,113 84.8 4,610,033 84.6 1.1.............. 454,571 13.9 556,514 10.4 496,951 6.9 4.6 392,280 7.3 330,888 6.1 (15.7)......................... 3,023,364 92.8 4,967,484 92.9 6,619,269 91.9 48.0 4,951,393 92.1 4,940,921 90.7 (0.2)...................... 233,266 7.2 380,920 7.1 585,963 8.1 58.5 423,270 7.9 506,358 9.3 19.6......................... 3,256,630 100.0 5,348,404 100.0 7,205,232 100.0 48.7 5,374,663 100.0 5,447,279 100.0 1.4 2010 3,256.6 2011 5,348.4 2012 7,205.2 48.7% 2012 2013 9 30 5,374.7 5,447.3 2010 318.0 2011 515.9 2012 562.5 33.0% 2012 9 30 407.7 9.4% 2013 9 30 446.1 112
2013 12 31 23 13 17 2010 20112012 3,256.6 5,348.4 7,205.2 48.7% 15.8% 2002 20102011 2012 2013 9 30 34.9% 37.5% 41.6% 41.0%25.6% 27.7% 43.4% 46.6% 2012 34.8% 40.0% 15.0% 113
2010 20112012 2013 9 30 7.9% 12.8% 12.7% 13.3% 20092012 15.1% 20.9% 18.6% 20.5% 20.0% 20.6% 2012 6.3%2012 8.0% 2012 4.8% 6.2% 2322 2010 2011 2012 2013 9 30 85.2% 88.8% 92.4% 93.3% 90.4% 93.2% 95.8% 96.9% 201020112012 2013 9 30 8.3% 8.0% 5.1% 5.2% 2012 1% 2% 23 15 4S 114
4S 2013 12 314S 2012 11 2012 92.9% 42.3% 2007 2012 2010 2011 2012 2013 9 30 20102011 2012 2013 9 30 64.2% 68.0% 80.7% 83.7% 2004 115
2011 20122013 2010 12 3123 (i) (ii) (iii) 2012 2 4S 175 2012 2011 9 4S 2314 2013 9 30 263,926 179,600 68.0% 20102011 2012 2013 9 30 0.03% 0.12% 0.33% 0.23% 4S 201085,729 2011111,5132012 154,641 2012 9 30112,156 2013 9 30124,885 116
13 27 Standard Chartered Private Equity 2011 4 Top Wheel34.37 Standard Chartered Private Equity 117
2013 10 2012 12 4S 4S 4S 4S 2013 9 30 196.5 2013 9 30 0.9 107.5 4S2013 9 30 13.8 118
ERP 119
* 2002 120,330 2012 518,94015.7% * 440,0002014 2 21 120
2002 9,3982012 38,449 15.1% 2002 2012 7,703 24,56512.3% 20021.8 2012 4.2 9.2% 20092010 2000 2002 2012 5,816 31,77918.5% 20024.8% 20126.1%2002 2012 6,272 32,480 17.9% 20022012 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 10.......... 581.6 670.9 807.6 962.1 1,144.0 1,369.8 1,688.8 1,826.9 2,272.1 2,768.2 3,177.9 18.5%................ 6,272 7,183 8,579 10,167 11,988 14,237 17,422 18,741 23,482 28,470 32,480 17.9% 2007 2012 18.6%17.6% 20072012 5.9% 5.5% 5.2% 4.6% 3.4% 35% 40% 15% 121
20075.58 2012 14.32 20.7% 2012 6.2%2012 10.8%61.6%55.2%50.2% 48.0%47.9% 2007 2012 24.7%15.3%2012 4.8%6.2% 2007 2008 2009 2010 2011 2012.................... 1.15 1.27 1.91 2.15 2.00 2.21 14.1%................. 0.42 0.45 0.76 0.76 0.85 0.87 15.6%.................... 2.08 2.01 3.36 3.86 4.14 4.26 15.4%................. 1.32 1.25 1.76 2.23 2.38 2.5 13.6%................. 0.58 0.57 1.09 1.23 1.14 1.22 16.0%................. 0.26 0.31 0.59 0.63 0.73 0.79 24.7%.................... 5.82 5.86 9.47 10.87 11.24 11.87 15.3% 17 2013 12 31 2013 12 31 126 4S 20072012 18.3% 20072012 52.9% 39.2% 122
2007 2008 2009 2010 2011 2012.................... 48,534 76,222 86,801 139,938 169,463 213,255 34.5%................. 16,378 24,594 28,118 39,254 60,879 75,760 35.8%.................... 103,082 135,882 173,747 277,063 414,554 505,045 37.4%................. 39,976 54,413 63,196 113,418 185,192 242,415 43.4%................. 18,557 28,076 34,864 57,177 90,926 127,927 47.1%................. 6,847 10,736 15,208 23,239 41,632 57,250 52.9%.................... 233,374 329,923 401,934 650,089 962,646 1,221,652 39.2% 2012 2012 24.7% 2007 2012 41.6% 4S 20072012 17%2007 2012 52.2% 4S 2013 12 31 41 12 2012 8.5%2013 12 31 150 2013 12 31 (1)......................... 2 1 5........................... 14 5 1 22........... 5 3 7........................ 8 3 1 6........................ 18 3 1 6........................ 5 2 5 (1) 123
(i)(ii) (iii)(iv) 1 300,000 1 80,000 300,000 80,000 20075,022 201240,908 52.2% 2007 0.2 20121.4 45.6% 20073.13 20129.24 24.2% 20132015 44.0% 17.1% 20132015 42.0% 18.8% 2007 2008 2009 2010 2011 2012 2013 2014 2015..... 5 11 10 16 32 41 52.2% 50 75 104 44.0%....... 219 330 362 711 1,102 1,434 45.6% 1,616 1,824 2,217 17.1%... 3,134 3,995 4,751 6,815 8,602 9,243 24.2% 10,202 11,233 12,127 9.0%.......... 2,223 1,724 3,627 4,609 3,494 3,603 10.1% 3,743 3,878 4,103 4.7%..... 5,580 6,060 8,750 12,150 13,230 14,320 20.7% 15,610 17,010 18,550 9.0% 124
2007 2008 2009 2010 2011 2012 2013 2014 2015..... 7 11 11 21 40 53 49.9% 66 94 133 42.0%....... 142 183 217 401 586 689 37.1% 783 893 1,105 18.8%... 514 535 684 975 1,135 1,208 18.6% 1,324 1,438 1,453 4.7%.......... 107 77 173 231 157 170 9.7% 184 195 203 5.0%..... 770 806 1,085 1,628 1,918 2,120 22.4% 2,357 2,620 2,894 10.8% 2012 38.3% 201287.7% 2012 30.4% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 6.8% 6.7% 6.9% 6.6% 6.1% 6.5% 4.8% 3.9% 3.6% 3.9% 3.3% 4.0% 4.0% 4.6% 4.9% 83.4% 84.5% 85.2% 85.2% 85.1% 4.0% 3.1% 5.2% 87.7% 0% 2007 2008 2009 2010 2011 2012 125
100% 90% 80% 70% 60% 8.4% 2.0% 4.8% 2.8% 10.0% 10.8% 8.9% 7.4% 6.3% 6.9% 2.7% 2.9% 3.5% 3.6% 5.0% 4.5% 4.3% 4.1% 3.4% 4.2% 5.3% 5.6% 7.7% 7.1% 5.6% 10.5% 15.6% 19.0% 20.5% 13.2% 7.6% 5.4% 3.8% 6.3% 5.6% 16.7% 50% 40% 19.7% 19.9% 21.2% 21.4% 23.2% 24.2% 30% 20% 41.4% 36.4% 36.2% 33.5% 30.5% 30.4% 10% 0% 2007 2008 2009 2010 2011 2012 20102012 20102012..................................... 44% 34% 15%..................................... 104% 66% 29%.................................. 65% 32% 3%.......................... 60% 39% 5%.................................. 35% 12% 8%............................ 53% 15% 6%................................... 61% 45% 21%.................................. 102% 38% 13% (1) (1) 126
4S4S 4S 4S 1990 2005 2 4S 2007 2012 4S7,315 21,195 95.0% 100.0% 23.7%4S 2013 23,571 201528,93810.8% 4S 4S 20072015 2007 2008 2009 2010 2011 2012 2013 2014 2015......... 731.5 788.9 1,073.4 1,628.1 1,918.4 2,119.5 24% 2,357.1 2,619.5 2,893.8 11%......... 60.0 72.0 108.0 167.4 218.0 294.5 37% 328.6 375.0 441.0 16%............ 13.4 21.4 27.5 39.6 43.6 48.7 29% 55.2 64.1 75.7 17% 4S...... 804.9 882.3 1,208.9 1,835.1 2,180 2,462.7 25% 2,740.9 3,058.6 3,410.5 12% 4S 4S 2007 1,500 2012 4,60025.1% 2013 5,300 2015 7,000 14.9% 127
700 530 600 150 100 50 240 180 160 120 60 80 460 400 400 330 380 310 270 220 110 130 150 170 200 470 230 2007 2008 2009 2010 2011 2012 2013 2014 2015 4S 2012 12 31 4S 26,000 7.2% 2012 12 31 4S.................................................................. 16.4%............................................................... 7.9%.................................................................. 34.5%............................................................... 12.3%.................................................................. 10.6%............................................................... 11.2%............................................................... 7.2%.................................................................. 100.0% 128
2013 12 31 2013 12 31 1 A 2 3 C 3 D 3 E 24 17 10 10 9 1990 14.8% 2010 85% 20122011 22.8% 53.1 2012 5,100 2007 1,500 4S 2009 1,080 2012 2,945 39.7% 2009 9%201212% 2012 2012 0.25% 0.31% 129
2013 5 9 2013 6 2013 2011 2.8 2012 2.5 2013 2013 2013701,800 2013 594,000686,900 2013 12 31 2 1 1 1 1 16 2 3 1 1 2 2 1 2 1 1 1 1 2 2 1 1 2009 16 4S 4S 130
12 31 2010 2011 2012 2013 9 30...................... 2 2 4 4 6........................ 1 2 2 2 (1) 1 1 1........................ 2 3 7 7 9........................ 1 2 3 3 3 (2)................... 1 2 4 3 4............... 1..................... 1 2 2 2 2..................... 1 2 2 2 2 (3)................... 1........................ 1........................ 4 8 12 10 13........................ 1 1 1 1 1........................ 1 1 1 1 1........................ 7 12 20 18 23 (1) 2012 112013 4 (2) 2012 122013 5 2013 6 (3) 2013 8 i ii 12 31 9 30 2010 2011 2012 2012 2013 % % % % % % %........... 2,568,793 78.9 4,410,970 82.5 6,122,318 85.0 54.4 4,559,113 84.8 4,610,033 84.6 1.1............... 454,571 13.9 556,514 10.4 496,951 6.9 4.6 392,280 7.3 330,888 6.1 (15.7)......................... 3,023,364 92.8 4,967,484 92.9 6,619,269 91.9 48.0 4,951,393 92.1 4,940,921 90.7 (0.2)...................... 233,266 7.2 380,920 7.1 585,963 8.1 58.5 423,270 7.9 506,358 9.3 19.6......................... 3,256,630 100.0 5,348,404 100.0 7,205,232 100.0 48.7 5,374,663 100.0 5,447,279 100.0 1.4 131
2002 4S 2320 12 31 9 30 2010 2011 2012 2013 % % % %................... 3,176,349 97.5 4,919,429 92.0 6,014,562 83.5 4,329,400 79.5 (1).................. 80,281 2.5 428,975 8.0 1,190,670 16.5 1,117,879 20.5................... 3,256,630 100.0 5,348,404 100.0 7,205,232 100.0 5,447,279 100.0 (1) 15 2013 9 30 74.0% 4S 4S 4S............................... 2007 3 2014 7 (2)............................... 2010 11 2014 12 (2) 6..................... 2012 2 2014 12 (2)............................. 2012 7 2014 12 1 (1)............................. 2013 12 2014 7......................... 2013 12 (8) (1)....................... 2011 9 (3) 132
......................... 2012 8 (3) (1)(6)...................... 2012 11 (4) 4............................. 2002 5 2015 9 2......................... 2011 9 2015 9......................... 2012 2 2014 5 7 (1)....................... 2005 11 (5)......................... 2011 3 (5) (7)........................... 2012 12 (5) (1)....................... 2013 11 (8)......................... 2013 12 (8)............................... 2007 1 2014 3..................... 2011 12 2014 3............................... 2008 1 2014 4 (1)............................. 2011 7 2014 4 1 (1)............................. 2013 11 (8) 2............................. 2006 6 (i) 2015 3 (ii) 2014 12 (5) (1) (2) (3) 12 (4) 180 90 (5) (6) 2012 11 (7) 2012 12 (8) 12 133
2014 14 2014 4S 4S 4S4S4S 4S 4S........................... 2014........................... 2014........................... 4S 2014 (1)........................... 4S 2014........................... 4S 2014........................... 4S 2014........................... 4S 2014........................... 4S 2014.............................. 4S 2014 (1)........................... 2014........................... 2014........................... 2014........................... 4S 2014........................... 4S 2014 (1) 14 2013 11 13,000 2014 2015 6 134
(i) (ii) 2012 (i) (ii) (iii) 135
23 14 2013 9 30 263,926 179,60068.0% (i) (ii) 12 31 2010 2011 2012 9 30 2013.......... 1.2 1.2 1.2 0.7.......... 0.8 1.4 1.9 1.0 23.3 118.8 48.4 49.8 136
12 18 150 137
ERP 4S 138
12 2012 4 2013 8 20122013 9 30 27.5 14.4 0.4% 0.3% 0.4 4S 2014 2012 11 V8 11 11 139
12 201020112012 2013 9 30 7,283 11,03214,81011,680 92.8% 92.9% 91.9% 90.7% 201020112012 2013 9 30 2010 2011 2012 2013 9 30 59.6% 63.2% 74.2% 75.9% 53.3% 57.9% 51.2% 50.2% 12 31 9 30 2010 2011 2012 2012 2013 % % % % %................. 5,070 2,568,793 85.0 8,137 4,410,970 88.8 12,269 6,122,318 92.5 9,009 4,559,113 92.1 9,781 4,610,033 93.3..................... 2,213 454,571 15.0 2,895 556,514 11.2 2,541 496,951 7.5 1,999 392,280 7.9 1,899 330,888 6.7............................ 7,283 3,023,364 100.0 11,032 4,967,484 100.0 14,810 6,619,269 100.0 11,008 4,951,393 100.0 11,680 4,940,921 100.0 140
2% 10% 2013 10 1 141
2004 15,000 30,000 2010 20112012 9.7 13.6 16.5 30.4%2013 9 30 15.1 (i)(ii) (iii)4s 4S TEQ 2011 142
4S 201085,729 2011 111,5132012154,641 2012 9 30 112,156 2013 9 30124,885 201020112012 2013 9 30 7.2% 7.1% 8.1% 9.3% 12 31 9 30 2010 2011 2012 2012 2013 % % % % %......... 207,018 88.7 339,750 89.2 536,336 91.5 386,918 91.4 470,693 93.0............. 26,248 11.3 41,170 10.8 49,627 8.5 36,352 8.6 35,665 7.0.................... 233,266 100.0 380,920 100.0 585,963 100.0 423,270 100.0 506,358 100.0 143
4S 4S 5,000 10,000 2013 10 1 144
4S 5,000 150,000 60,000 50,000 102,000 145
10020,000 4S DVD (GPS) 4S 146
2010 20112012 2013 9 30 3.0 5.5 25.0 20.0 2010201120122013 9 30 1.1 2.9 15.5 19.2 4S 147
4S 2012 10 7.4 2012............. 911 Carrera 2013 5 22............. Panamera Turbo S/Civilian 2012 8 2013 8............. Cayenne (92A) 2012 3 Cayenne S (92A) Cayenne S Hybrid (92A) Cayenne Turbo (92A) Cayenne Diesel (92A)............. Cayenne (92A) 2012 2 2013 2............. 911 Turbo (997) 2011 5 2012 5 911 Turbo S (997) 911 GT3 (997) 911 GT3 RS (997) 911 GT2 RS (997)............. Panamera S 2010 4 Panamera 4S Panamera Turbo............... (T R RL ) 2010 11 Azure Brooklands............. FF 2012 5 2012 11 148
........... GT 2013 5 25........... Gran Turismo S 2011 9 2012 9........... GT MC Stradale 2012 4 2012 10........... 2013 11 25........... SRX 2013 5 17........... SRX 2011 12 2012 12........... CTS 2010 4........... IS 2013 5 2........... RX400h 2013 4 9........... RX300 2011 11........... RX300 2011 12 MCU35L AWAGKW........... RX300 2011 3 MCU35L AWAGKW RX300 MCU35L AWAGKW RX350 GSU35L AWAGKW........... GS300 2010 11 RX300........... LX470 2010 8........... LS460/LS460L/LS600hL 2010 7........... LS460L/LS600hL 2010 6 USF41L/UVF46L........... IS 2006 1 2011 9............... Q5 2012 7 2013 7............... 2012 12............... 2012 12 2013 12............... RAV4 2012 9 2013 8............... Rav 4 2012 10............... EX (ECU) 2011 8 TV7164DLX/TV7164GD/TV7164GMD............... 2010 11............... 2010 11............... 2010 7 4S 149
484 2011 2010 150
201020112012 2013 9 30 47.5 52.8 46.1 25.3 2005 1 2005 2007 2009 20112013 2012 1 201020112012 2013 9 30 1.5% 151
201020112012 2013 9 30 1% 5% 20102011 2012 2013 9 30 92.8% 89.9% 92.7% 91.5% 32.0% 29.5% 36.9% 40.0% 5% 2010 2011 2012 2013 9 30 64.2% 68.0% 80.7% 83.7% 152
2012 20122012 2012 2012 153
2010 201120122013 9 30 2,786.7 4,594.3 6,300.7 4,702.6 7,28311,03214,81011,680 201020112012 2013 9 30 51.8 71.1 175.2 157.6 16.3% 13.8% 31.1% 35.3% 154
90 10% 20% 2013 9 30402.9232.7 74.5 201020112012 12 312013 9 30 62.9 347.4 546.9 402.9 2011 12 312012 12 31 20112012 2013 9 30 2013 9 30 45 ERP 155
201020112012 2013 9 30 24.333.5 40.835.4 156
ERP ERP SFD 51% 35% 157
2,053.................................................. 174 8.5%.................................................. 305 14.9%......................................... 484 23.6%............................................... 990 48.2%............................................. 100 4.9%.................................................. 2,053 100.0%.................................................. 1,613 78.6%.................................................. 161 7.8%................................................ 73 3.6%.................................................. 92 4.5%.................................................. 54 2.6%.................................................. 60 2.9%.................................................. 2,053 100.0% 158
80% 19 15 23 23 159
15107,703 13,34859,983 66 19.................................................................. 11................................................................ 2.................................................................. 1.................................................................. 1.................................................................. 15.................................................................. 1.................................................................. 1.................................................................. 2.................................................................. 1.................................................................. 3.................................................................. 19 15 14 51323,656 14,706 23,229 36,754 4S 1,424 1 1.4% 1 4S 2% 4% 2014 2 160
(i)1 (ii) 1,500 2 1.5%2 349,584 2 2 2 2 2 2 50,000 100,000 20063 14,706 14.4% 2010 3 4,139,540 (i) 161
3 (ii) (i)(ii) 3 (iii) 3 201020112012 12 312013 9 30 134.5 177.2 1.9% 3.3% 1552,548 15 *.................................................................. 7.................................................................. 2.................................................................. 3.................................................................. 1.................................................................. 2.................................................................. 15 * 20,593 13 4S493 12,000 175.94 7,628 23.9%1 2 4S 3 4 5 162
3,705 6 11.6% 6 4S 4S 12,000 7 37.6% 20,593 8 74S 8 7 8 163
201020112012 12 312013 9 30 80.3 418.1 881.0 794.72.5% 7.8% 12.2% 14.6% 4S 4S 9 30 6(2) 342(1)(b) 34(2) 2012 12 31 15% 2012 17.4% 164
2013 12 31126 70 55.6% 2013 12 31150 20 12 2013 12 31 2013 12 31 273 2012 4S2013 12 3141 12 4S 4S 165
166
1. 2013 6 2013 6 2013 10 (i) (ii) (ii) (i) (i) (ii) (iii) 167
2. 2013 6 2013 10 (i) (ii) (ii) (i) (i) (ii) (iii) (i) (ii) (iii) 168
(i) (ii) 169
20002011 2012 122 2012 8 1 1997 2011 300,000 12 3.21 14 170
2013 9 2013 11 2012 9 2012 9 2012 10 2012 12 2013 171
Golden Speed Win Force Top Wheel58.5%Golden Speed Win Force Top Wheel Golden Speed Win Force 58.5% 8.10 37 172
2013 9 30 7.4 758.2 (6) (i) (ii) 173
(a) (i) 5% (ii) 5% (b) (6) (1) (2) 30% 14 174
2013 6 14A 2012 11 1 2014 2 24 2012 1 2010 2011 2012 2013 9 30 14 6,954 64 34,918 2012 12 31 2013 9 30 496,714 545,594 175
20142015 2016 12 31 2014 2015 2016 110 61,000 121 67,000 133 74,000 2013100 2013 9 30 201420152016 26.9% 22.8% 18.5%15.0% 15.0% 15.0% 201420152016 201420152016 2013 9 30 2013 9 30 14A0.1% 5% 14A 176
1. 201420152016 12 31 2. 20142015 2016 12 31 14A 177
............ 52 2000 11 2011 1 13.............. 50 2000 11 2011 1 13............ 40 2011 10 2012 6 11.............. 44 2004 3 2012 6 11.............. 52 2011 4 2011 4 21.............. 51 2012 6 2012 6 30............ 46 2012 6 2012 6 30............ 60 2014 1 2014 1 18 2011 1 13 2000 11 1997 4 1986 7 1992 121993 8 1997 3 2002 9 1986 7 178
2011 1 13 2000 11 1997 4 1986 7 2012 6 11 2011 10 Grand Forever 2010 9 2011 9 017282005 6 2010 8 2009Mini 2010 1 20 1996 7 2008 2 2012 6 11 2010 1 Grand Forever 2004 3 2005 1 2007 1 2007 2 2008 12 2009 1 2010 1 1993 2 2004 3 1992 7 1993 2 1992 7 2011 4 21 2011 4 21 Standard Chartered Private EquityA 2009 9 02888 STAN STAN 2008 112010 1 179
000659 2008 7 2009 7 CVC 2005 112008 7 2004 42005 11 1993 4 2001 10 2004 1 1986 1992 2012 6 19 2000 7 2004 4 2005 9 2011 9 1995 101998 1 600846 1997 2 1997 4 1997 5 2005 6 2001 102007 6 6008222007 2 2008 10 08206 1987 7 1990 12 1995 7 2012 6 192005 1 2003 9 2005 10 2001 7 2003 9 2001 2 2001 7 180
1997 9 2001 2 1993 9 1997 9 1991 7 1993 9 1991 7 2000 7 2014 1 182013 5 2011 2 03788 2011 1 2013 2 2010 2 2010 8 2005 8 2009 5 000112005 8 1975 1976 (a) 13.51(2) 181
................. 50 2000 11 2011 1 13............... 40 2011 10 2012 6 11................. 44 2004 3 2012 6 11............... 46 2012 10 2012 10 16................. 49 2001 10 2012 1 1............... 41 2003 10 2012 1 1 2012 10 16 2010 82012 10 2005 8 2010 4 1996 4 2005 7 20012005 1992 2004 92008 9 1997 5 2012 1 1 2001 102009 3 2006 9 2009 3 2001 102006 9 182
1989 7 2001 6 1989 7 2012 1 1 2003 10 1995 12 2003 10 1995 7 33 2014 1 18 2004 7 2006 11 3.21 14 3.25 14 183
14 201020112012 2013 9 30 0.9 1.0 1.7 1.3 2010 20112012 2013 9 30 1.5 1.7 2.7 2.5 2013 12 31 1.8 184
3A.19 3A.23 185
.................. 1,000,000,000 0.0001 100,000................ 450,000,000 0.0001 45,000.............. 150,000,000 0.0001 15,000.......... 600,000,000 0.0001 60,000 (a) 186
(b) (c) (d) (a) 20% (b) (a) (b) (c) A. 3. 10% A. 4. 187
(a) (b) (c) A.3. 188
10 4.10 18,923,000 3.15% 2014 3 12 10 1,0004.10 18,923,000 3.15% 189
(1) (2) (3) (4) 190
XV2 3 10%....................... Golden Speed......................................... Win Force..................... Top Wheel..................... (1) (2) 360,000,000 (L) 60% (3)(5) 360,000,000 (L) 60% (3)(5) 360,000,000 (L) 60% (4)(5) 360,000,000 (L) 60% (4)(5) 360,000,000 (L) 60% (5) Standard Chartered Private Equity... 90,000,000 (L) 15%.............. 90,000,000 (L) 15% (6) (1) L (2) (3) Golden Speed Golden Speed Top Wheel 70%Top Wheel30% Win Force Golden SpeedTop Wheel 351,000,000 (4) Win Force Win Force Top Wheel 30%Top Wheel 70% Golden Speed Win ForceTop Wheel 351,000,000 (5) Westernrobust 100%Westernrobust9,000,000 Top Wheel Golden Speed Win Force Top Wheel Westernrobust 9,000,000 (6) Standard Chartered Holdings Limited Standard Chartered Bank SCMB Overseas Limited Standard Chartered Holdings (International) B.V. Standard Chartered MB Holdings B.V. Standard Chartered Private Equity LimitedStandard Chartered Private Equity Standard Chartered Private Equity 191
XV2 3 10% 192
2013 12 31 2012 2012 2012 30.2% 2012 2012 19.2% 2012 2012 50.9% 2012 2012 16.8%2012 2012 45.4% 2012 2012 23.6% 2012 2012 43.6% 2012 2012 23.0% 23 16 4S 23152013 9 30 74.0% 2318 193
13 i ii 201020112012 7,28311,03214,810 42.6% 3,023.4 4,967.5 6,619.3 48.0% 2,568.8 4,411.0 6,122.3 54.4% 2013 9 30 11,680 4,940.9 4,610.0 4S 201085,729 2011111,5132012154,641 2013 9 30 124,885 12 31 9 30 2010 2011 2012 2012 2013 % % % % % % %.... 2,568,793 78.9 4,410,970 82.5 6,122,318 85.0 54.4 4,559,113 84.8 4,610,033 84.6 1.1........ 454,571 13.9 556,514 10.4 496,951 6.9 4.6 392,280 7.3 330,888 6.1 (15.7)................. 3,023,364 92.8 4,967,484 92.9 6,619,269 91.9 48.0 4,951,393 92.1 4,940,921 90.7 (0.2).............. 233,266 7.2 380,920 7.1 585,963 8.1 58.5 423,270 7.9 506,358 9.3 19.6................. 3,256,630 100.0 5,348,404 100.0 7,205,232 100.0 48.7 5,374,663 100.0 5,447,279 100.0 1.4 194
2011 3 17 201020112012 12 31 2013 9 30 2013 1 1 201020112012 2013 9 30 7,28311,03214,81011,680 195
2010 12 31 23 12 31 9 30 2010 2011 2012 2013 % % % %................. 3,176,349 97.5 4,919,429 92.0 6,014,562 83.5 4,329,400 79.5 (1)................ 80,281 2.5 428,975 8.0 1,190,670 16.5 1,117,879 20.5................. 3,256,630 100.0 5,348,404 100.0 7,205,232 100.0 5,447,279 100.0 (1) 201020112012 2013 9 30 85.0% 88.8% 92.5% 93.3% 90.3% 94.8% 98.3% 100% 2322 196
201020112012 2013 9 30 34.9% 37.5% 41.6% 41.0%25.6% 27.7% 43.4% 46.6% 12 31 9 30 2010 2011 2012 2012 2013 % % % % % % % % % %...... 2,568,793 78.9 213,768 67.2 8.3% 4,410,970 82.5 353,833 68.6 8.0% 6,122,318 85.0 312,990 55.6 5.1% 4,559,113 84.8 229,070 56.2 5.0% 4,610,033 84.6 238,349 53.4 5.2%.......... 454,571 13.9 22,865 7.2 5.0% 556,514 10.4 19,319 3.7 3.5% 496,951 6.9 5,540 1.0 1.1% 392,280 7.3 5,568 1.4 1.4% 330,888 6.1 22 0.0 0.0%................. 3,023,364 92.8 236,633 74.4 7.8% 4,967,484 92.9 373,152 72.3 7.5% 6,619,269 91.9 318,530 56.6 4.8% 4,951,393 92.1 234,638 57.6 4.7% 4,940,921 90.7 238,371 53.4 4.8%...... 207,018 6.4 73,605 23.2 35.6% 339,750 6.3 126,698 24.6 37.3% 536,336 7.4 225,930 40.2 42.1% 386,918 7.2 160,227 39.3 41.4% 470,693 8.6 193,834 43.5 41.2%.......... 26,248 0.8 7,785 2.4 29.7% 41,170 0.8 16,054 3.1 39.0% 49,627 0.7 18,027 3.2 36.3% 36,352 0.7 12,786 3.1 35.2% 35,665 0.7 13,874 3.1 38.9%................. 233,266 7.2 81,390 25.6 34.9% 380,920 7.1 142,752 27.7 37.5% 585,963 8.1 243,957 43.4 41.6% 423,270 7.9 173,013 42.4 40.9% 506,358 9.3 207,708 46.6 41.0%................. 3,256,630 100.0 318,023 100.0 9.8% 5,348,404 100.0 515,904 100.0 9.6% 7,205,232 100.0 562,487 100.0 7.8% 5,374,663 100.0 407,651 100.0 7.6% 5,447,279 100.0 446,079 100.0 8.2% 201020112012 2013 9 30 51.8 71.1 175.2 157.6 16.3% 13.8% 31.1% 35.3%20122013 197
9 30 201020112012 28.0% 27.1% 27.3% 201020112012 20102011 2012 29.7% 29.3% 31.3% 3 (i) (ii) (iii) 198
(a) 12 3 (b) 199
201020112012 12 31 2013 9 30 2.8 7.8 16.1 17.1 200
...................................... 20 5%.................................................................... 5%................................... 5%........................................ 5% 201
12 31 9 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%) (%) (%)............ 3,023,364 92.8 4,967,484 92.9 6,619,269 91.9 48.0 4,951,393 92.1 4,940,921 90.7 (0.2)............ 233,266 7.2 380,920 7.1 585,963 8.1 58.5 423,270 7.9 506,358 9.3 19.6................. 3,256,630 100.0 5,348,404 100.0 7,205,232 100.0 48.7 5,374,663 100.0 5,447,279 100.0 1.4 20122013 9 30 5,374.7 5,447.32010 3,256.6 2011 5,348.4 2012 7,205.2 201020112012 2013 9 30 92.8% 92.9% 91.9% 90.7% 20102011 7.2% 7.1% 20128.1%2013 9 30 9.3% 12 31 9 30 2010 2011 2012 2012 2013 6 529.4 7 731.8 12 525.7 7 580.3 12 367.1 202
2011731.8 2012 525.72012 9 30 580.32013 9 30 367.1 2011 4S 12 31 9 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%).......... 3,176.3 97.5 5,122.4 95.8 6,308.0 87.5 4,062.4 75.6 4,405.6 80.9.......... 80.3 2.5 226.0 4.2 897.2 12.5 1,312.3 24.4 1,041.7 19.1..................... 3,256.6 100.0 5,348.4 100.0 7,205.2 100.0 5,374.7 100.0 5,447.3 100.0 12 31 9 30 2010 2011 2012 2012 2013 (%) (%) (%) (%) (%).................... 638.0 19.6 1,162.7 21.7 1,942.2 27.0 1,442.0 26.9 1,550.3 28.5...................... 15.1 0.3 151.1 2.1 91.2 1.7 114.6 2.1 (1)......... 15.7 0.2 1.9 0.0 77.4 1.4...................... 638.0 19.6 1,177.8 22.0 2,109.0 29.3 1,535.1 28.6 1,742.3 32.0...................... 1,104.5 33.9 1,505.3 28.2 2,522.6 35.0 1,844.6 34.4 2,063.6 37.8 (2)................ 375.4 11.5 970.3 18.1 1,160.0 16.1 867.7 16.1 800.2 14.7.................. 425.8 13.1 588.7 11.0 489.9 6.8 420.2 7.8 238.8 4.4.................. 232.1 7.1 508.6 9.5 350.4 4.8 260.4 4.8 222.0 4.1 (3)................ 26.7 0.4 18.1 0.3 13.8 0.3...................... 2,137.8 65.6 3,572.9 66.8 4,549.6 63.1 3,411.0 63.4 3,338.4 61.3...................... 480.8 14.8 597.7 11.2 546.6 7.6 428.6 8.0 366.6 6.7....................... 3,256.6 100.0 5,348.4 100.0 7,205.2 100.0 5,374.7 100.0 5,447.3 100.0 203
(1) 2012 112013 4 (2) 2013 6 (3) 2013 8 12 31 9 30 2010 2011 2012 2012 2013...................... 565 1,076,555 1,010 1,085,267 1,814 993,635 1,309 1,026,057 1,467 970,288....................... 4 3,771,368 45 3,259,250 27 3,281,355 32 3,379,413............ 7 2,240,537 1 1,854,701 39 1,975,854....................... 2,470 397,176 3,406 398,097 6,144 378,092 4,454 381,207 5,382 351,147.................... 864 407,601 1,697 537,016 2,565 417,911 1,896 424,680 1,890 377,607.................... 474 465,479 1,106 431,172 771 382,747 557 394,831 501 369,195.................... 697 583,514 914 607,938 824 535,011 698 550,722 427 466,510.................... 99 268,936 67 270,724 43 318,732....................... 2,213 205,409 2,895 192,233 2,541 195,573 1,999 196,238 1,899 174,244....................... 7,283 415,126 11,032 450,280 14,810 446,946 11,088 449,800 11,680 423,024 2012 2011 2013 9 30 2012 9 30 (i) (ii) 2011 2012450,280 446,946 2010 415,1262011 450,280 204