1. (03)598-1911 1218 (03)598-1911 1738 ky@sym.com.tw golden36@sym.com.tw 3 (03)598-1911 3 (03)598-1911 184 (03)557-6788 176 B1 (02)8787-1888 http://www.6016.com./ 5 7 68 ( 101 ) (02)8101-6666 http://www.kpmg.com.tw http://www.sanyang.com.tw/

2. ------------------------------------------------------ 1 ------------------------------------------ 1 ---------------------------------------- 4 ----------------------------------------------------------- 4 ---------------------------------------------------------- 5 ------------------------------------------------------ 5 --------------------------------------------------- --- 5 ------------------------------------------------------ 8 ------------------------------------------------------- 8 ----------------------------------- 11 ----------------------------------------------- 23 ------------------------------------------------ 34 ------------------------------------------------- 34 -------------------- 34 ----------- 35 -------------------- 36 --------------------------------------------------- 37 ---------------------------------------------------------- 38 ----------------------------------------------------- 38 ---- 43 ---------------------------------- 43 ---------------------------------------------------------- 44 ------------------------------------------------------- 44 ------------------------------------------------- 52 ------------------------------------------------------ 63 ------------------------------------------------------ 63 --------------------------------------------------- 64 ------------------------------------------------------- 69 3. ---------------------------------------------------------- 72 --------------- 72 ------------------------------------------------------ 74 ---------------------------- 78 ---------------------------------------------- 79 -------------------- 127 -------------------------- 194 ---------------------------- 194 ------------------------------------------------------ 194 ------------------------------------------------------ 195 ------------------------------------------------------ 196 -------------------------- 197 ------------------------------------------------------ 197 ------------------------------------------------ 198 -------------------------------------------------- 200 ------------------------------------------------------ 201 ---------------------------------------------- 201 ---------------- 211 ------ 211 ------------------------------------------ 211 ---------------------- 211 4. . 197,351 222,447 11.28% 15,357 12,384 24.01% 34 112 69.64% . 254,475 276,866 8.09% 16,493 14,437 14.24% ; 44 102 56.86% . 23,660,616 23,453,507 0.88% (%) 365,379 254,475 (110,904) 69.65% () 16,808,027 11,323,588 (5,484,439) 67.37% 19,165 16,493 (2,672) 86.06% () 12,538,593 10,303,714 (2,234,879) 82.18% 743 0 (743) 0.00% () 1,137,297 0 (1,137,297) 0.00% 47 44 (3) 93.62% () 95,335 74,322 (21,013) 77.96% () 2,086,200 1,958,992 (127,208) 93.90% () 32,665,452 23,660,616 (9,004,836) 72.43% - 1 - 5. ( 72 ~ 77 ) . O : (1)e-WOO()/ e-VIRID() SYM 2.2KW 25~35 50cc moped (2)GTS 125 i/250i/300i() : 125cc~300cc Cruiser GTS125i/250i/300i GTS125i/250i/300LED // 2 14/13 ABS : 30~50 . 50400 c.c.180~600 c.c.ATV 102 GTS 125i300i MAXSYM 400i Z1 125E-WOO - 2 - 6. 1. (1)ALL NEW ELANTRA All New Elantra 37 2012 1.8L Dual CVVT 6 (2)ix35 ix35 C/P SUV 2WD SUV 48% ix35S ix35 2.4L 2WD ix35S 2WD () Theta II 2.4L 177ps/ 23.1kg-m (Bosch ESP//HAC/DBC/ROP) ix35 2.4L 2WD 2.4L 2WD 3545 (3)PORTER3.5 CRDi 1/4 CD - 3 - 7. 2. (1)ix35 2.0 4WD DSL 35~45 SUV 1. 2. 3. 340,000 21,000 1. 2. 3. 4. 5. () () - 4 - 8. 50 9 14 43 1 3 (03)5981911 184 (03)5576788 95 2,300 1200cc G/W M/C VMEP ISO90019002 ISO9000ISO14001OHSAS18001 - 5 - 9. VMEP SMV MTWL VMEPH SMV SYM T880 ISO14064 UNITEKS VMEPH GSP New Fighter 150 New Fighter150 GTS 300i EVO VMEP SMV T1000 & SYM V5/V9/V11 ix35 2010 SUV HYUNDAI ix35 NCAP IIHS SUV GT125evo e-st@r MAXSYM 400iT2iRX115 SYM GSP HYUNDAI 2011 SUV SYM T2 20 - 6 - 10. () SYM E-WOO SYM S.T.C.S.125cc Jet Power EVO SYM 2011 VMEP SYM MAXSYM 400i ABS HYUNDAI ALL NEW ELANTRA VMEP "" 101 SYM T2 2012 ""2012 ~ SYM T2( Next) DUASRODAS 2013 Award(2013 ) () () 3,120 () 55,723 132,165 257 639 53,364 85,369 () () - 7 - 11. IFRS ERP - 8 - 12. (1) (2) (3) (4) (5) (6) (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) (4) - 9 - 13. (1) (2) (3) (4) (5) (6) (1) (2) (3) (4) (5) (6) (1) (2) (3) (4) (1) (2) (1) (2) (3) (1) (2) (3) - 10 - 14. % % () 100.05.27 91.06.21 3 4,760,106 0.56% 16,031,712 1.79% 100.05.27 102.03.05 ( 1) 3 3 3,149,604 129,915 0.37% 0.01% 1,043,898 129,915 0.12% 0.01% 100.05.27 97.06.21 3 2,916,468 0.34% 3,928,156 0.44% () 100.05.27 100.05.27 100.05.27 101.10.30 ( 1) 91.06.21 3 3 3 3 11,845,458 3,494,087 3,868,534 0 1.40% 0.41% 0.45% 0% 40,899,185 3,703,732 4,100,646 0 4.56% 0.41% 0.46% 0% () 100.05.27 ( 2) 102.02.08 ( 3) 85.03.28 3 3 65,108,754 0 7.70% 0% 100.05.27 100.05.27 3 13,454,000 1.59% 14,324,240 1.60% 100.05.27 100.05.27 3 50,000 0.01% 26,800 0.00% 100.05.27 100.05.27 3 1,668,490 0.20% 1,556,599 0.17% () 100.05.27 100.05.27 3 4,602,051 0.54% 4,751,871 0.53% 101.10.19 ( 1) 3 0 0.00% 0 0% 1 2 102 03 18 3 102 02 08 - 11 - 15. 102 03 22 () % % - - - 23,010,000 2.57% - 2,624,866 0.29% - - - - - - - - - - - - - - - - - - - - 12 - 16. 1. 102 03 22 1.() 1.(52%) 2.()(25%) 3.()(10%) 4.()(6%) 5.()(5%) 6.()(1%) 7.()(1%) 2.() 1.(52.17%) 2.()(17.33%) 3.()(10%) 4.()(5%) 5.()(5%) 6.(2.5%) 7.(2.5%) 8.(2.5%) 9.()(2.5%) 10.()(0.50%) 3.() 1.(68.38%) 2.(7.65%) 3.(7.65%) 4.(7.65%) 5.(7.65%) 6.(0.51%) 7.(0.51%) 2. 1. 1.()(5.79%) 2.(5.58%) 3.()(4.56%) 4.(4.20%) 5.()(4.02%) 6.(3.93%) 7.(3.76%) 8.(3.03%) 9.(2.90%) 10.(2.57%) 2.() 1.(50%) 2.(16.80%) 3.(16.60%) 4.(4.50%) 5.(4.20%) 6.(2.63%) 7.(2.63%) 8.(2.63%) - 13 - 17. 3.() 1.(89.39%) 2.(10%) 3.(0.07%) 4.(0.07%) 5.(0.07%) 6.(0.07%) 7.(0.07%) 8.(0.07%) 9.(0.07%) 10.(0.07%) 4.() 1.(59.05%) 2.(30.08%) 3.(2.16%) 4.(2.02%) 5.(0.93%) 6.(0.76%) 7.(0.76%) 8.(0.62%) 9.(0.56%) 10.(0.53%) 5.() 1.()(94.73%) 2.()(0.87%) 3.(0.69%) 4.()(0.66%) 5.(0.64%) 6.()(0.54%) 7.(0.44%) 8.(0.38%) 9.(0.38%) 10.(0.29%) 11.(0.29%) 6.() 1.()(64.38%) 2.(14.25%) 3.()(13.63%) 4.()(5.63%) 5.(1.50%) 6.(0.13%) 7.(0.13%) 8.(0.13%) 9.(0.13%) 10.(0.05%) 7. 8.() 9. 10.() 1.()(40%) 2.(19.52%) 3.(7.27%) 4.(7.27%) 5.(7.27%) 6.(7.27%) 7.(3.97%) 8.(3.91%) 9.(2.45%) 10.()(1.09%) - 14 - 18. 3. 1 2 3 4 5 6 7 8 9 10 0 0 0 0 0 0 0 0 0 0 1 2( ) 3 4 5 6 7 8 9 30 (10) 27 - 15 - 19. () 102.02.06 129,915 0.01% - - - - - 91.04.01 139,450 0.16% - - EMBA 92.10.01 195,480 0.22% - - - - - 94.06.01 0 0% - - - - - - 95.06.16 161,380 0.18% - - EMBA - - - 99.01.01 7,569 0.00% - - - - - 99.01.01 14,078 0.02% - - - - - - 100.09.16 38,491 0.04% - - - - - 94.01.01 188 0.00% - - - - - 99.12.01 23,412 0.03% - - VMEPH - - - 95.06.16 - - - - - - - - 101.10.01 43,913 0.05% 25,604 0.03% - - - 102.02.06 8,310 0.01% - - - - - - 102 03 22 - 16 - 20. (1-1) ABC D (A) (B) (C) (D) () () () - - - - 880 880 16 16 0.25% 0.21% :102 2 8 102 3 18 (1-2) 1102 3 5 2101 10 30 3102 2 8 102 3 18 4101 10 12 ABC D (A) (B) (C) (D) () 31,763 33,176 - - 11,436 11,436 241 241 12.18% 10.41% (1) (1) (2) (2) () (3) (3 4) (4) - 17 - 21. (1-1) ABCD EF G (E) (F) (G) (H) (I) 3,000 3,000 108 108 - - - - - - - - 1.12% 0.93% (1-2) ABCDE F G (E) (F) (G) (H) (I) 7,232 7,447 216 216 18 - 18 - - - - - 14.28% 12.19% - 18 - 22. (A+B+C+D) (A+B+C+D+E+F+G) 2,000,000 ( 4) ( 4) ( 4)( 4) ( 4)( 4) ( 4)( 4) 2,000,000 5,000,000 () ( 5) ( 5) ()( 6) ( 6 7) ( 7) () ( 5) ( 5) ()( 6) ( 6 7) ( 7) () ( 5) ( 5) ()( 6) ( 6 7) ( 7) () ( 5) ( 5) ()( 6) ( 6 7)( 7) 5,000,000 10,000,000 10,000,000 15,000,000 - - - - 15,000,000 30,000,000 () () () () 30,000,000 50,000,000 - - - - 50,000,000 100,000,000 - - - - 100,000,000 - - - - 9 9 9 9 1101 11,436 102 2101 0 101 108,000 3101 24 102 4101 10 30 5102 03 05 6102 02 08 102 3 18 7101 10 12 - 19 - 23. (2-1) ABC (A) (B) (C) - - 1,759 1,759 34 34 0.50% 0.42% () () () :101 10 19 (A+B+C) 2,000,000 ()( 3) ( 3) ()( 3) ( 3) 2,000,000 5,000,000 - - 5,000,000 10,000,000 - - 10,000,000 15,000,000 - - 15,000,000 30,000,000 - - 30,000,000 50,000,000 - - 50,000,000 100,000,000 - - 100,000,000 - - 2 2 1101 1,759 102 2101 0 101 0 3101 10 19 - 20 - 24. (3-1) (A) (B) (D) ABC D (C) 12,657 14,974 806 806 7,600 7,600 82 - 82 - 5.93% 5.44% - - - - ( 1) ( 2) 2,000,000 - - 2,000,000 5,000,000 (1) (2) (1) ( 2) 5,000,000 10,000,000 - - 10,000,000 15,000,000 - - 15,000,000 30,000,000 - - 30,000,000 50,000,000 - - 50,000,000 100,000,000 - - 100,000,000 - - 7 7 1 101.02.06 2 101.01.03 3 137 4 0 806,330 - 21 - 25. ( 1) (%) - 137 137 0.03% ( 2) 1 137 2 102 2 6 101 100 ( ) 52,534 430,911 12.19% 49,219 1,445,307 3.41% 8.76% 1,793 430,911 0.42% 1,991 1,445,307 0.14% 0.28% 23,462 430,911 5.44% 25,701 1,445,307 1.78% 3.66% 1 430,911 1,445,307 1,014,396 70.19% 2 - 22 - 26. 11 (A) 102 4 30 ( 1) () ()(%) /( 2) () 11 0 100% 11 0 100% () 11 0 100% () 0 6 0% 101.10.30 () 4 0 100% 101.10.30 () 11 0 100% () 9 1 90% 102.03.05 () 1 0 100% 102.03.05 () 6 0 86% 101.10.12 () 3 0 100% 102.02.08 10 0 91% 11 0 100% 14 3 1 2(1)()(%) () (2) ()(%)() - 23 - 27. 11 (A) 102 4 30 ( 1) (%) /( 2) 9 82% () 7 100% 101.10.19. () 4 100% 101.10.19. () () 1 2(1)()(%) () (2) ()(%)() - 24 - 28. () () () 13 () () () 19 () () () 1415 () () () 0950001616 () () () 30 54 () () http://www.sanyang.com.tw/ () 57 () () http://www.sym.com.tw/eng/ () 56 - 25 - 29. 2 100 12 3 ( ) (1) (2) (3) (4) (5) (6) (7) (8) (9) - 26 - 30. 100 12 23 3 5 (1) 1 2 3 4 5 6 7 8 0 0 0 1 2 3 4 5 6 7 8 30 - 27 - 31. (2) 3 100 12 23 103 5 26 5 () () (%) (/) () 5 0 100% 5 0 100% 5 0 100% ( ) () () () () () () - 28 - 32. ISO 14001 DNV 1 2 ISO 14064-1 DNV - 29 - 33. (GRI G3) 100 (http://www.sanyang.com. tw/) - 30 - 34. (http://www.sanyang.com.tw/) (GRI G3) 1. 2. 2. 3. 88 Certified Internal Auditor(CIA) - 31 - 35. 1. 102 3 5 101 ( 1.2.3. 4.5. 1011231 101 3 5 82 2. - 32 - 36. 1. 2. 3. 1. 2. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 100 99 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 99.08.27 102.02.06 - 33 - 37. () 101.01.01~101.12.31 1 2,000 2 2,000()4,000 3 4,000()6,000 4 6,000()8,000 5 8,000()10,000 6 10,000() () ( 2) 12,605 - - - 3,105 3,105 101.01.01 101.12.31 (1) 1,800 (2) IFRS 1,200 (3) 105 1 2 25% - 34 - 38. 101 ( 1) 3 22 (226,286) 0 (2,053,000) (2,053,000) 834,000 0 0 1,458,000 0 0 0 0 0 0 0 0 0 0 0 0 ( 2) 0 0 0 0 ( 3) 0 0 0 0 ( 4) 0 0 0 0 63,000 (6,500,000) 0 0 0 0 (5,000) 26,800 ( 5) 0 0 0 0 ( 5) 0 0 0 0 0 0 0 778,000 0 0 0 0 0 0 (30,000) 0 0 0 (54,803) 0 0 0 0 0 ( 6) 0 0 0 0 (8,000) 0 (8,000) 0 0 0 0 0 0 0 0 0 ( 7) 0 0 0 0 0 0 0 0 0 0 (5,000) 0 0 0 (29,748) 0 ( 8) 0 0 0 0 1 101 1 1 101 12 31 2 102 2 6 102 3 5 3 102 2 6 102 3 5 4 102 2 8 5 101 10 19 101 10 19 6 101 1 3 7 101 10 1 8 102 2 6 - 35 - 39. 102 03 22 1 3 () 51,889,802 3,096,898 5.79% 0.34% - - - - - - - - - - 50,047,000 - 5.58% - - - - - - - - - - - - - () 40,899,185 3,928,156 4.56% 0.43% - - - - - - - - - - 37,688,000 - 4.20% - - - - - - - - - - - - - () 36,017,437 3,096,898 4.02% 0.34% - - - - - - - - - () - 35,237,000 14,154,000 3.93% 1.57% - - - - - - - - - - - - 33,668,560 3.76% - - - - 27,204,000 33,668,560 3.03% 3.76% - - - - - - - - - - - - 26,034,000 2.90% - - - - - - 23,010,000 3,928,156 2.57% 0.43% - - - - - 23,010,000 - 2.57% - () - 1 2 3 - 36 - 40. 101 12 31 () 60,000,000 100.00% - - 60,000,000 100.00% () 14,975,980 89.39% 1,701,640 10.16% 16,677,620 99.55% () 2,900,000 100.00% - - 2,900,000 100.00% () 109,507,330 89.58% 1,018,707 0.01% 110,526,037 89.59% () 685,413 19.85% 2,419,194 70.05% 3,104,607 89.90% () 11,205,746 62.25% 5,415,250 30.08% 16,620,996 92.33% () 3,926,053 16.27% 16,932,043 82.58% 20,858,096 98.85% () 59,070,311 94.73% 602,939 0.97% 59,673,250 95.70% Profit Source Investment Ltd.(Samoa) - 100.00% - - - 100.00% Sanyang Deutschland GmbH - 100.00% - - - 100.00% Sanyang Italia S.r.l - 100.00% - - - 100.00% Sun Goal Ltd. - 100.00% - - - 100.00% SY International Ltd. - 100.00% - - - 100.00% - 37 - 41. 79.07 10 500,000,000 5,000,000,000 455,000,000 4,550,000,000 395,371,200 200,916,800 (79)() 01769 81.12 10 500,000,000 5,000,000,000 486,850,000 4,868,500,000 136,500,000 182,000,000 (81)() 03331 83.09 10 750,000,000 7,500,000,000 569,000,000 5,690,000,000 91,225,000 486,850,000 243,425,000 (83)() 32553 84.10 10 750,000,000 7,500,000,000 694,180,000 6,941,800,000 995,750,000 256,050,000 (84)() 34157 87.07 10 750,000,000 7,500,000,000 746,243,500 7,462,435,000 242,963,000 277,672,000 (87)() 58685 88.09 10 850,000,000 8,500,000,000 776,093,240 7,760,932,400 298,497,400 (88)() 75780 89.08 10 850,000,000 8,500,000,000 790,070,000 7,900,700,000 139,767,600 (89)() 72283 90.08 10 850,000,000 8,500,000,000 805,370,000 8,053,700,000 153,000,000 (90)() 153660 97.09 10 850,000,000 8,500,000,000 845,638,500 8,456,385,000 402,685,000 0970039548 100.08 10 950,000,000 9,500,000,000 896,763,810 8,967,638,100 507,383,100 1000036651 ( ) 896,376,810 53,623,190 950,000,000 - / - 38 - 42. 102 3 22 2 4 91 25,206 124 6 25,433 203,000 386,174 409,191,762 383,243,315 95,131,435 8,221,124 896,376,810 0.02% 0.04% 45.65% 42.75% 10.6% 0.92% 100% 3 102 3 22 10 ( ) ( ) (%) 1 999 14,273 281,555 0.31% 1 ,000 5 ,000 7,502 15,480,339 1.73% 5 ,001 10 ,000 1,624 10,648,627 1.19% 10 ,001 15 ,000 851 9,732,852 1.09% 15 ,001 20 ,000 219 3,813,771 0.43% 20 ,001 30 ,000 331 7,822,357 0.87% 30 ,001 40 ,000 141 4,883,696 0.54% 40 ,001 50 ,000 77 3,460,176 0.39% 50 ,001 100 ,000 138 9,657,895 1.08% 100 ,001 200 ,000 71 9,858,000 1.10% 200 ,001 400 ,000 61 16,600,340 1.85% 400 ,001 600 ,000 22 11,008,840 1.23% 600 ,001 800 ,000 14 9,771,316 1.09% 800 ,001 1 ,000 ,000 10 8,982,083 1.00% 1,000,001 99 771,840,963 86.11% 25,433 896,376,810 100.00% - 39 - 43. 5% 102 3 22 % ( ) 51,889,802 5.79% 50,047,000 5.58% 101 100 ( 1) 22.10 22.00 16.10 15.75 18.70 17.65 ( 2) 16.15 16.36 ( 9) 15.91 877,442,935 873,042,461 ( 2) 0.41 1.42 ( 9) 0.45 9 ( 9) - ( 9) - ( 4) - 403,369,565 ( 5) 45.61 12.43 ( 6) ( 9) - ( 7) ( 9) - 1 2 3 4 5 6 7 8 9 - 40 - 44. . (1) 10% 10% 2% 1% (2) 10% . 0.45 - 41 - 45. () 472,294,318 115,571,261 356,724,057 742,112,138 1,098,836,195 10 1 35,672,406 0.45 / 403,369,565 659,794,224 2 13,195,884 2 6,597,942 1 896,376,810 2(--) 2 (--) 1 () () . 10% . 2% 1% - 42 - 46. . 1 13,196 6,598 11,457 5,729 2 3 0.38 . 7,421 14,842 2,672 5,344 ( ) 92/05/21-92/07/20 93/03/29-93/05/28 97/07/24 ~97/09/23 4.00 ~8.73 8.00 -19.00 7.00 ~20.00 21,203 27,024 7,140 123,870,864 352,409,441 80,560,804 21,203 27,024 7,140 - - - % - - - 1. 2. - 43 - 47. ( ) . (1) (2) (3) (4) (5) () (6) (7) (8) (9) () (10) (11) E701031 (12) F401021 (13) CC01101 (14) CD01990 (15) F114990 (16) (17) (18) (19) ZZ99999 . 47.86%43.55%0.31% 8.28% . (1) A. MIIWooRX/IRXGT/GT EVO GRJET POWERFighterOrbit Fiddle IISymphony / Symphony SRJET 4RV/GTS H D C i t y c o m / T 1 / T 2 WowowMAXSYM - 44 - 48. ATVTrack RunnerQuad LanderQuad Raider e-st@rSymmetryE-WOO/e-VIRID (Bike) 400c.c. ATV (2) A. i30 GAS ix35 2.0 / 2.4 GAS PORTER ELANTRA B. ( ) . (1) 6 : 1,471 (-9.1%) 1,382 (+5.6%) 706 (-12.2%) 311 (-6.8%) 213 (+6.1%) 164 (-15.6%) 6 4,247 0.05% 7 - 45 - 49. 624,469 2.6% () 297,275 299,866 0.86% 10.3% 31.22% 49.98% 2003 150c.c. (2) 7%5% 47% - 46 - 50. . ()(/) ) . (1) (2) 400cc ATV CUB(14) 110/125c.c. - 47 - 51. (3) (4) / ATVSide-by-Side (5) Hybrid . 125c.c. () ATV (Side-by-side) ( ) . 931,768 933,917 881,933 912,142 867,327 - 48 - 52. . (1) JOYRIDE EVO125/200: RV (2) e-st@r: (3) JET POWER 125 : Sporty (4) NEW FIGHTER 4V 150: Sporty (5) JET 4 50/125: Sporty (6) Symphony SR 50/125/150: High Wheel 16 (16 ) (7) WOO 100 : (8) T1 150 : Naked Bike (9) 125: (11) HD2 125 / 200i : High Wheel16 (12) T2 : 4V 250cc naked (13) IRX115: (14) MAXSYM 400i : Maxi sccoter (15) e-WOO/ e-VIRID (16) GTS125i/250i/300i (1) i30 CW (2) i30 5D (3) i30 CW (4) ix35 2.0 (5) ELANTRA 1.8 - 49 - 53. (1 ) 125 Classic BIKE (2 ) GTS 125 EVO (3 ) mii110 (4 ) woo100 (5 ) Symmetry (6 ) Jet 4R 50 Naked 2T (7 ) RX110 Sporty (8 ) Orbit II 50 2T (9 ) New Fighter150 150cc CG (10) GR125 Compact 125cc (11) New fighter150 150cc CG (12) 250 250cc (13) Wolf SB 250Ni Naked BIKE (14) O 125 125cc CG (15) O JET POWER 125 EVO Sporty 125cc EFI (16) O MAXSYM400 400cc ABS (17) O GT125 EVO (18) O Mii 110 (19) O RX 110 Sporty 110 CG (20) O GT125 EVO (21) O GT125 Super (22) O T2 250cc Naked BIKE (23) O MAXSYM400 400cc (24) O RX 110 Sporty 110 CG (25) O New Fighter 150 150cc CG (26) O WOO 100 100 CG (27) O GTS125/300 125/300cc - 50 - 54. (1) LAVITA 1.6/1.8 (2) SANTA FE eVGT (3) SANTA FE 4WD (4) ix35 2.4 4WD (5) ix35S 2.4 2WD (6) ALL NEW ELANTRA . (1) (2) (3) (4) ATV (5) ( ) ( ) (1) (2) (1) (2) (3) - 51 - 55. ( ) 1. 2. () (%) 101 100 144,189 168,112 (14.23%) 15.25% 53,083 54,310 (2.26%) (8.6%) 197,272 222,422 (11.31%) 8.3% 23.1% 26.1% IKD 3. 60~64 GT125 Jetpower125 - 52 - 56. () 12.9% 3.6% 4. (1) (2) . 340,000 (1) (2) (3) (4) (5) ATV (6) - 53 - 57. . (1) A. B. C. OEM/ODM D. ATV E. / A. B. / C. D. E. 250cc (2) A. () B. / C. D. E. F. // - 54 - 58. A. B. C. 15~40 D. E. F. (3) A. B. C. D. E. F. G. H. 1. 2. (%) 101 100 16,493 14,437 14.24% 31.82% 4.7% 5.0% - 55 - 59. 3. 7% 5% 47% (%) 101 100 222,401 244,322 -9.0% 10.7% 89,138 83,564 311,539 327,996 -5.0% 15.0% . (1) A. ECFA ECFA B. ECFA (2) A. WTO B. C. (3) A. B. C. - 56 - 60. () . 1 50~110c.c. 100RX 110MII 110WOO 100IRX115 125~150c.c.GR 125SUPER GT 125GT EVO 125JET Power 125 FIGHTER 4V 150125GT150NEW FIGHTER 150 150 180~250c.c.RV 180/250 50~110c.c. MIO 50/100Red Devil 50JET 50/100JET EURO X 50/100JET SPORT X 50 125~150c.c.VS 125/150Joyride 125/150 EVOHD2 125GTS/Joymax 125 Citycom 125 180~300c.c.Joyride EVO 200HD 200LXR 200Style 200X'PRO RV 200 EFI GTS 250/300Joy Max 250/300Citycom 300 400c.c. MAXSYM 400 2 125 125/150 RT1 150T2 250 Wolf Classic 125 3 100WOWOW 100 WOWOW 100 (4) ATV Quad Lander 300 Track Runner 200Quad Lander 250/300 Quad Raider 600/LE (5) E-STARE-WOO SymmetryE-VIRID (1)i30 1600 cc (2)iX35 2000 cc 2400cc 2000cc (3)PORTER 2000 cc (4)ELANERA 1800 cc (5) STAREX 2500 cc i10 1100 cc SONATA 2000 cc &2400 cc VELO STER 1600cc - 57 - 61. . / KD - 58 - 62. HR - 59 - 63. ( ) 1. (1) (2) 2.75.9()3.78( )( 5% ) (1) (2) 3. . (1) KD 65% 35% (2) KD - - . . - 60 - 64. ( ) . 101 100 % % 1 5,964,405 36 4,989,349 32 1 . 101 100 % % 1 () 8,346,223 36 () 7,726,019 33 1 ( ) . // 1 0 1 1 0 0 189,407 197,351 7,983,279 214,623 222,447 8,486,908 14,294 15,357 7,408,192 11,957 12,384 6,168,670 - - 3,439,303 - - 1,656,408 203,701 212,708 18,830,774 226,580 234,831 16,311,986 - 61 - 65. 2. // 101 100 16,493 10,303,714 - - 14,437 9,374,699 - - 144,189 6,997,237 110,286 4,326,351 168,112 8,002,085 108,754 4,056,619 - 700,730 - 1,332,584 - 678,274 - 1,341,830 160,682 18,001,681 110,286 5,658,935 182,549 18,055,058 108,754 5,398,449 157,2031,312,440 1,013593,380 254,4441,244,120 1,8101,131,373 - 62 - 66. 1 0 1 1 0 0 1 0 2 3 1 5 2 , 1 0 2 2 , 0 1 7 2 , 0 4 9 2 2 5 2 2 0 2 2 3 2 , 3 2 7 2 , 2 3 7 2 , 2 7 2 4 2 4 2 4 2 1 7 1 7 1 7 3 3 3 2 0 0 1 8 7 1 9 7 5 9 0 6 0 0 5 8 4 1 , 3 7 0 1 , 2 8 1 1 , 3 3 2 1 6 4 1 6 6 1 5 6 2 , 3 2 7 2 , 2 3 7 2 , 2 7 2 . 1 6 , 2 5 2 1 7 2 , 7 8 5 1 9 , 8 1 0 8 , 5 5 7 2 1 7 , 4 0 4 - 63 - 67. () () 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. (1) 895,492,533 6 - 64 - 68. (2) () (20%110%) 1,924,634 87 6,800 71,820 (1) (2) (3) () OHSAS-18001 OHSAS-18001 - 65 - 69. ISO-14001 VOCS / ISO-14001 / () () . (1) (2) (3) . . . . 61 67 - 66 - 70. . . . . 1. 2. - 67 - 71. 101 TUCSON2.7 4WD - 125 50 88 88 250 - 68 - 72. 98/01/01 102/01/01 103/12/31 83/01/01 83/01/01 95/07/01 (PORTER) 94/11/20 102/11/19 (i30) 97/11/21 102/11/20 (ix35) 99/02/23 104/02/22 (ELANTRA) 100/08/25 105/08/24 VIPO 4 Vietnam Manufacturing and Export Processing Co., Ltd. 102/01/07 105/01/06 VVBVCA 8 VIPO 5 Vietnam Manufacturing and Export Processing Co., Ltd. 99/11/15 102/11/15 VWDVTH 10 - 69 - 73. VIPO 6 Vietnam Manufacturing and Export Processing Co., Ltd. 100/08/15 103/08/14 VTBVTC 11 VIPO 7 Vietnam Manufacturing and Export Processing Co., Ltd. 100/12/15 103/12/14 VDDVDE 11 VIPO 8 Vietnam Manufacturing and Export Processing Co., Ltd. 102/01/07 105/01/06 KASKAT 17 R&D Vietnam Manufacturing and Export Processing (Holdings) Co., Ltd. 101/12/03 104/12/02 Vietnam Manufacturing and Export Processing (Holdings) Co., Ltd. 102/03/15 104/12/31 TTC 01 SANYANG MOTOR VIETNAM CO., LTD. (SMV) 99/02/28 106/02/28 T8806 TTC 02 SANYANG MOTOR VIETNAM CO., LTD. (SMV) 99/12/06 106/12/06 T1000Van 22 R&D SANYANG MOTOR VIETNAM CO., LTD. (SMV) 99/12/06 102/12/06 - 70 - 74. SANYANG MOTOR VIETNAM CO., LTD. (SMV) 99/12/06 102/12/06 ( Y93017L132PE) 94/04/25 16 ( FQ97008L256PE) 98/06/01 SUPPLY, AGREEMENT AUTOMOTIVE EQUIPMENT INCORPORATED 98/05/18 SUPPLY, TECHNICAL ASSISTANCE, AND LICENSE AGREEMENT INTERNATIONAL TRUCK AND ENGINE CORPORATION 94/09/02 16 (License and Technical Assistance Agreement) Mahindra Two Wheelers Limited 101/07/01 104/06/30 2 1 - 71 - 75. () 101 100 99 98 97 9,400,629 8,317,074 7,907,936 6,193,493 7,668,179 13,871,503 13,748,514 12,593,117 12,365,035 11,916,615 5,241,519 5,351,034 5,327,840 5,696,704 5,850,783 - 60,066 120,129 180,192 240,255 1,057,574 1,152,144 1,241,534 1,229,908 1,427,177 7,165,347 5,796,528 9,956,981 6,758,002 7,636,232 1 6,199,898 10,548,928 6,758,002 7,636,232 5,130,000 5,420,000 1,210,000 2,575,000 2,823,330 2,802,047 2,747,466 2,726,252 2,659,567 2,561,104 15,097,391 13,963,994 13,893,233 11,992,569 13,020,666 1 14,367,364 14,485,180 11,992,569 13,020,666 8,963,768 8,963,768 8,456,385 8,456,385 8,456,385 2,360,537 2,205,179 2,176,972 2,170,824 2,311,694 3,979,655 4,026,300 3,380,221 2,687,771 2,543,121 1 3,622,930 2,788,274 2,687,771 2,543,121 29,571,225 28,628,832 27,190,556 25,665,332 27,103,009 (830,126) (530,409) (716,255) 357,783 771,143 14,473,834 14,664,838 13,297,323 13,672,763 14,082,343 1 14,261,468 12,705,376 13,672,763 14,082,343 1 - 72 - 76. () 101 100 99 98 97 23,660,616 23,453,507 19,272,152 18,890,680 22,197,626 4,858,405 5,092,351 3,983,642 2,573,317 4,187,726 27,568 390,667 (312,709) (634,466) (167,078) 741,312 1,195,657 1,369,369 1,064,830 572,786 296,585 269,714 334,110 251,909 380,083 472,295 1,316,610 722,550 178,455 25,625 356,725 1,238,026 692,450 144,650 35,253 - - - - - - - - - - - - - - - 356,725 1,238,026 692,450 144,650 35,253 0.41 1.42 0.84 0.18 0.04 () 97 98 99 100 101 - 73 - 77. 101 100 99 98 97 (%) 51.05 48.78 51.10 46.73 48.04 374.01 375.34 272.29 285.21 288.95 (%) 131.20 143.48 79.42 91.65 100.42 (%) 44.58 43.87 28.40 68.02 34.84 () 3.20 6.91 4.61 1.75 1.08 () 16.40 21.52 10.54 10.17 15.85 22 17 35 36 23 () 18.15 18.60 13.36 12.49 12.70 () 3.27 3.57 5.10 5.68 4.18 112 102 72 64 87 () 4.47 4.39 3.44 3.23 3.67 () 0.81 0.84 0.72 0.71 0.82 (%) 1.86 5.10 3.25 1.22 1.05 (%) 2.45 8.86 5.13 1.04 0.25 0.31 4.36 (3.70) (7.50) (2.24) (%) 5.27 14.69 8.54 2.11 0.30 (%) 1.51 5.28 3.59 0.77 0.16 () 0.41 1.42 0.84 0.18 0.04 (%) 1 12.03 1 20.50 17.94 16.65 27.90 6.44 47.32 32.89 1 1.78 1 4.70 3.28 110.96 8.06 (8.67) (3.42) (18.95) (0.14) 2.33 0.61 0.73 0.36 1 - 74 - 78. 1. (1) (2) 2. (1) (2) (3) 3. (1)() ( ) (2)365 (3) (4)() ( ) (5)365 (6) (7) 4. (1) (2) (3) (4) 5. (1) (2)() (3)()() 6. (1)() (2) () - 75 - 79. () % 101 100 ()% (%) 51.05 48.78 4.65% (%) 374.01 375.34 (0.35%) (%) 131.20 143.48 (8.56%) (%) 44.58 43.87 1.62% () 3.20 7.03 (54.48%) () 16.40 21.52 (23.79%) 22 17 29.41% () 18.15 18.62 (2.52%) () 3.27 3.57 (8.40%) 112 102 9.80% () 4.47 4.39 1.82% () 0.81 0.84 (3.57%) (%) 1.86 5.10 (63.53%) (%) 2.45 8.86 (72.35%) 0.31 4.36 (92.89%) 5.27 14.69 (64.13%) (%) 1.51 5.28 (71.40%) () 0.41 1.42 (71.13%) 1 12.03 - 16.65 27.90 (40.32%) 1 1.78 - 110.96 8.92 1143.95% (0.14) 2.33 (106.01%) 1 () 1. (1) - 76 - 80. 2. (1) (2) 3. 4. - 77 - 81. - 78 - 82. Plassen International Limited Cosmos System Inc. SY International Ltd. (88)()18311 - 79 - 83. () 101.12.31 100.12.31 % % 1100 (()) $ 1,016,737 4 1,436,862 5 1340 (()) - - 7,387 - 1140 (()) 671,738 2 584,848 2 1150 () 1,136,998 4 492,482 2 1190 () 368,497 1 28,863 - 1210 (()) 6,014,623 21 5,476,824 19 1280 () 135,843 - 213,898 1 1286 (()) 56,193 - 75,910 - 9,400,629 32 8,317,074 29 1421 (()) 13,135,210 45 13,345,592 47 1450 -(()) 10,000 - 10,000 - 1480 (()) 43,896 - 58,580 - 1490 (()) 20,000 - 20,000 - 1440 () 662,397 2 314,342 1 13,871,503 47 13,748,514 48 (()) 1501 404,378 1 404,378 2 1521 2,533,722 9 2,502,685 9 1531 9,759,197 34 9,549,344 33 1541 961,027 3 950,581 3 1561 635,802 2 637,085 2 15x8 2,708,448 9 2,708,448 10 17,002,574 58 16,752,521 59 15x9 (11,795,944) (40) (11,512,742) (40) 1599 (60,263) - (56,353) - 1671 65,607 - 86,049 - 1672 29,545 - 81,559 - 5,241,519 18 5,351,034 19 1770 (()) - - 60,066 - 1800 (()) 879,402 3 882,486 3 1810 (()) 109,951 - 109,951 1 1830 68,221 - 94,508 - 1860 (()) - - 65,199 - 1,057,574 3 1,152,144 4 $ 29,571,225 100 28,628,832 100 101.12.31 100.12.31 % % 2100 (()) $ 3,196,085 11 3,087,511 11 2140 692,373 2 647,708 2 2150 () 417,572 2 314,632 1 2170 () 925,064 3 928,952 3 2190 () 833,742 3 - - 2200 (()) 43,493 - - - 2216 (()) 408,764 1 4,350 - 2261 () 135,459 - 347,012 2 2272 ( ()) 290,000 1 290,000 1 2298 222,795 1 176,363 1 7,165,347 24 5,796,528 21 2420 (()) 5,130,000 17 5,420,000 19 2510 1,145,658 4 1,145,658 4 2810 (()) 1,518,059 5 1,504,135 5 2820 () 41,990 - 41,257 - 2861 (()) 30,260 - - - 2881 66,077 - 56,416 - 1,656,386 5 1,601,808 5 15,097,391 50 13,963,994 49 3110 (()) 8,963,768 30 8,963,768 31 (()()) 3220 204,402 1 63,334 - 3260 2,156,135 7 2,141,845 7 2,360,537 8 2,205,179 7 (()()) 3310 1,755,683 6 1,631,881 6 3320 1,125,135 4 1,125,135 4 3350 1,098,837 4 1,269,284 4 3,979,655 14 4,026,300 14 3420 (()) (1,663,438) (5) (1,338,489) (5) 3430 (590,097) (2) (562,205) (2) 3451 (122,068) - (110,410) - 3460 1,583,058 5 1,583,058 6 3480 (()) (37,581) - (102,363) - (830,126) (2) (530,409) (1) 14,473,834 50 14,664,838 51 () $ 29,571,225 100 28,628,832 100 - 80 - 84. () : 101 100 4000 4110 () $ 23,600,793 100 23,398,830 100 4170 (84) - (1,002) - 4190 (175,923) (1) (278,575) (1) 23,424,786 99 23,119,253 99 4650 () 235,830 1 334,254 1 23,660,616 100 23,453,507 100 5000 5111 () 18,765,212 79 18,314,130 78 5650 27,339 - 30,035 - 18,792,551 79 18,344,165 78 5910 4,868,065 21 5,109,342 22 5930 (9,660) - (16,991) - 4,858,405 21 5,092,351 22 6000 6100 1,002,424 4 921,835 4 6189 2,297,992 10 2,129,957 9 6200 663,094 3 737,750 3 6300 867,327 4 912,142 4 4,830,837 21 4,701,684 20 6900 27,568 - 390,667 2 7100 7110 () 19,488 - 10,679 - 7121 (()) 534,754 2 1,032,019 4 7122 47,941 - 11,603 - 7130 5,126 - - - 7160 78,842 - 33,806 - 7210 () 23,705 - 24,740 - 7283 (()) - - 40,000 - 7310 (()) - - 7,387 - 7480 31,456 - 35,423 - 741,312 2 1,195,657 4 7500 7510 222,906 1 222,711 1 7530 - - 1,927 - 7540 (()) 896 - - - 7631 (()) 14,684 - 40,000 - 7650 (()) 43,493 - - - 7880 () 14,606 - 5,076 - 296,585 1 269,714 1 7900 472,295 1 1,316,610 5 8110 (()) 115,570 - 78,584 - 9600 $ 356,725 1 1,238,026 5 9750 ()(()) $ 0.54 0.41 1.51 1.42 $ 356,725 1,238,026 ()(()) $ 0.53 0.40 1.47 1.38 - 81 - 85. () : $ 8,456,385 2,176,972 1,562,636 1,125,135 692,450 (1,561,633) (582,829) (68,374) 1,598,944 (102,363) 13,297,323 - - 69,245 - (69,245) - - - - - - - - - - (84,564) - - - - - (84,564) 507,383 - - - (507,383) - - - - - - - - - - - - 14,778 - - - 14,778 - - - - - 223,144 - - - - 223,144 - 28,207 - - - - 5,846 (42,036) (15,886) - (23,869) - - - - 1,238,026 - - - - - 1,238,026 8,963,768 2,205,179 1,631,881 1,125,135 1,269,284 (1,338,489) (562,205) (110,410) 1,583,058 (102,363) 14,664,838 - - 123,802 - (123,802) - - - - - - - - - - (403,370) - - - - - (403,370) - 138,733 - - - - - - - 64,782 203,515 - 16,625 - - - - (18,627) (11,658) - - (13,660) - - - - - - (9,265) - - - (9,265) - - - - - (324,949) - - - - (324,949) - - - - 356,725 - - - - - 356,725 $ 8,963,768 2,360,537 1,755,683 1,125,135 1,098,837 (1,663,438) (590,097) (122,068) 1,583,058 (37,581) 14,473,834 - 82 - 86. : 101 100 $ 356,725 1,238,026 () 573,258 574,410 38,179 36,847 () 27,653 6,052 () 185 90 421,259 105,611 - (40,000) (534,754) (1,032,019) () (5,126) 1,927 896 - () 43,493 (7,387) 14,684 40,000 9,660 16,991 9,727 - (86,890) (269,708) () (644,516) 295,161 (558,215) (678,681) () 78,505 (74,029) () (339,634) 18,513 115,176 52,776 () 44,665 (100,552) 102,940 52,553 () (13,615) 195,869 1,044 - () (211,553) 103,542 46,432 88,607 64,725 72,932 () (445,097) 697,531 - 83 - 87. () () : 101 100 - (6,378) 187,888 - (474,625) (587,489) 11,220 15,687 (11,892) (36,677) (348,055) (63,336) (635,464) (678,193) () 115,961 (3,335,472) 833,742 - - 4,500,000 (290,000) (1,455,000) 733 6,132 - (84,564) () 660,436 (368,904) (420,125) (349,566) 1,436,862 1,786,428 $ 1,016,737 1,436,862 $ 217,231 218,992 $ 31,456 492 $ 290,000 290,000 $ 7,422 - $ 403,370 - $ 138,733 - - 84 - 88. () () 2,3262,198 () () () - 85 - 89. () () () () () () () () - 86 - 90. () 1. 2. 3. () () () - 87 - 91. () () () 20% 20% 50% 1. 2. () 3. - 88 - 92. () () 20403153 1035 () 25 - 89 - 93. () () 10% (20%110%) () 6% () () () (96)052 () (92)070071072 1. ( ) 2. - 90 - 94. () 3.Black-Scholes 4. () () () () 10% - 91 - 95. () () () () () () 101.12.31 100.12.31 $ 900 900 1,015,509 1,385,709 20 20 308 308 1,015,837 1,386,037 - 49,925 $ 1,016,737 1,436,862 - 92 - 96. () () 101.12.31 100.12.31 $ - 7,387 $ 10,000 10,000 $ 98,580 98,580 (54,684) (40,000) $ 43,896 58,580 $ 20,000 20,000 $ 43,493 - 1. 5.5% 2. 43,4937,387 3.() 54,684 4. 101.12.31 100.12.31 () () / $ 65,723102.01.09~102.06.10 22,439101.02.27~101.06.19 - 93 - 97. () () 101.12.31 100.12.31 $ 12,536 15,333 659,202 569,515 671,738 584,848 - - $ 671,738 584,848 () 101.12.31 100.12.31 $ 2,305,988 707,454 (585) (549) 2,305,403 706,905 1,778,058 3,519,321 - - 1,778,058 3,519,321 1,827,063 1,166,510 (48,252) (48,872) 1,778,811 1,117,638 152,351 132,960 $ 6,014,623 5,476,824 1. 101 100 $ 18,791,424 18,363,889 (54,050) (55,901) 185 90 28,237 36,589 (584) (30,537) $ 18,765,212 18,314,130 2. 4,024,5393,807,718() - 94 - 98. () () 1.() () 101.12.31 101 % () $ 643,889 100.00 1,885,987 (41,396) - 158,745 89.39 184,609 14,190 - 29,000 100.00 34,357 4,870 - - - - 24 - 833,136 89.58 1,413,310 268,360 (10,130) 6,501 19.85 22,288 7,598 - 114,778 62.26 134,544 7,679 (1,718) 22,635 25.00 24,367 525 - 35,178 16.27 55,931 6,351 - 530,267 94.73 740,795 49,024 (14,793) Profit Source Investment Ltd. (Samoa) 867,759 100.00 2,068,812 367,183 (55,851) Sanyang Deutschland GmbH 122,713 100.00 141,467 1,619 (2,601) Sun Goal Ltd. 316,389 100.00 275,367 (11,316) (8,364) SY International Ltd. 3,662,860 100.00 6,024,838 (125,399) (228,676) Sanyang Italia S.r.l 174,915 100.00 128,538 (14,558) (2,816) $ 13,135,210 534,754 (324,949) 100.12.31 100 % () $ 643,889 100.00 1,927,383 (40,546) - 158,745 89.39 186,196 15,091 - 29,000 100.00 30,954 1,620 - 76,225 49.50 8,052 - - 833,136 89.58 1,529,919 398,552 21,847 6,501 19.85 15,240 7,414 - 114,778 62.26 138,829 11,486 2,906 69,714 77.00 4,629 (46) - 35,178 16.27 49,580 5,567 - 530,267 94.73 747,202 56,356 19,154 Profit Source Investment Ltd. (Samoa) 867,759 100.00 1,741,304 244,689 124,790 Sanyang Deutschland GmbH 122,713 100.00 142,449 2,503 849 Sun Goal Ltd. 316,389 100.00 295,047 (17,124) 23,611 SY International Ltd. 3,662,860 100.00 6,382,896 338,595 29,397 Sanyang Italia S.r.l 174,915 100.00 145,912 7,862 590 $ 13,345,592 1,032,019 223,144 - 95 - 99. () 2. 101 100 $ 361,374 10,331 32,490 5,588 14,976 16,474 9,861 1,514 1,467 841 586 - 505 - Profit Source Investment Ltd.(Samoa) - 70,863 $ 421,259 105,611 3. 100 () () $ 6,378 558 3.10% 4.()3,120 ()55,723132,165 257639 53,36485,369 5. $ (5,325) (5,103) (222) 6. 101 100 () () () $ 2,138 269 448 442 56 93 - 710 1,185 - 286 476 $ 2,580 1,321 2,202 - 96 - 100. () 2,3341,442 7.() () 101.12.31 $ 404,378 2,705,760 3,110,138 - 3,110,138 2,533,722 2 2,533,724 1,731,126 802,598 9,759,197 2,519 9,761,716 8,662,790 1,098,926 961,027 155 961,182 866,829 94,353 635,802 12 635,814 535,199 100,615 65,607 - 65,607 - 65,607 29,545 - 29,545 - 29,545 $ 14,389,278 2,708,448 17,097,726 11,795,944 5,301,782 (60,263) $ 5,241,519 100.12.31 $ 404,378 2,705,760 3,110,138 - 3,110,138 2,502,685 2 2,502,687 1,674,091 828,596 9,549,344 2,519 9,551,863 8,448,949 1,102,914 950,581 155 950,736 858,745 91,991 637,085 12 637,097 530,957 106,140 86,049 - 86,049 - 86,049 81,559 - 81,559 - 81,559 $ 14,211,681 2,708,448 16,920,129 11,512,742 5,407,387 (56,353) $ 5,351,034 1. 1,5102.980%3402.998% 2. 40,000 3. - 97 - 101. () () 101.12.31 $ 85,487 767,773 853,260 - 853,260 177,006 - 177,006 110,051 66,955 389 - 389 389 - 17,879 - 17,879 17,879 - $ 280,761 767,773 1,048,534 128,319 920,215 (40,813) $ 879,402 100.12.31 $ 85,487 767,773 853,260 - 853,260 177,006 - 177,006 106,967 70,039 389 - 389 389 - 19,268 - 19,268 19,268 - $ 282,150 767,773 1,049,923 126,624 923,299 (40,813) $ 882,486 () 101.12.31 $ 64,961 44,990 - - 109,951 917,855 - 917,855 - - 22,771 - 22,647 124 - $ 1,005,587 44,990 940,502 124 109,951 100.12.31 $ 64,961 44,990 - - 109,951 844,739 - 841,077 3,662 - 22,771 - 22,398 373 - $ 932,471 44,990 863,475 4,035 109,951 - 98 - 102. () () 101.12.31 100.12.31 $ 1,996,085 1,697,511 1,200,000 1,390,000 $ 3,196,085 3,087,511 1.07%2.76%1.03%3.09% () 101.12.31 100.12.31 5 1,500,000 99.02104.02 1.70% 2.6% 2.6% 11 61 9 7 145,000 240,000 245,000 $ 920,000 1,210,000 6 3,500,000 100.06104.06 1.15% ( ) 3,500,000 3,500,000 1,000,000 100.06104.06 1,000,000 1,000,000 5,420,000 5,710,000 (290,000) (290,000) $ 5,130,000 5,420,000 1. 55 1,500,000 - 99 - 103. () 2. 64 4,500,000 3,500,000 1,000,000 3. 0.25% 0.05%(IFRS) 4. (1)5 100% 180% (+)2 >10,000,000 (2)6 100% 200% (+)2 10,000,000 5. 2.664%3.250%1.963%3.480% 6. 7. - 100 - 104. () () 1. 17% 2. 101 100 $ 7,142 11,065 10% 111,422 3,126 3,754 52,776 () (6,748) 11,617 $ 115,570 78,584 $ - 199,869 54,869 170,543 (11,003) (10,608) 24,676 (46,138) (10,260) 47,557 (44,974) 33,676 - (322,620) (9,554) (19,503) $ 3,754 52,776 3. 101 100 $ 80,290 223,823 10% 111,422 3,126 () (6,748) 11,617 (53,928) (76,285) - (322,620) (44,974) 33,676 - 90,898 54,869 154,166 (25,361) (39,817) $ 115,570 78,584 - 101 - 105. () 4.() 101.12.31 100.12.31 $ 122,634 20,848 153,247 26,052 66,077 11,233 56,416 9,591 159,202 27,064 108,495 18,444 48,837 8,303 49,421 8,402 8,259 1,404 8,259 1,404 - - 78,950 13,420 (1,404) (1,403) 67,448 75,910 (66,204) (11,255) - - (11,255) - $ 56,193 75,910 $ 120,350 120,350 286,641 286,641 1,011,371 171,933 946,645 160,930 1,628,091 276,776 1,363,536 231,800 155,885 26,500 141,201 24,004 9,824 1,670 9,824 1,670 (1,670) (1,670) 595,559 703,375 - - (12,336) (2,097) (3,681,289) (625,819) (3,741,642) (636,079) (625,819) (638,176) () $ (30,260) 65,199 5. 6. $ 120,350() - 102 - 106. () 7. 101.12.31 100.12.31 $ 1,098,837 1,269,284 $ 94,746 28,460 100 99 () 3.34% () 5.51% () 1. 101.12.31 100.12.31 $ (1,911,276) (1,705,137) (502,276) (661,828) (2,413,552) (2,366,965) (334,153) (316,266) (2,747,705) (2,683,231) 895,493 862,830 (1,852,212) (1,820,401) - 60,066 884,868 857,716 (550,715) (601,516) $ (1,518,059) (1,504,135) 2,662,9162,493,256 2. 101 100 1.75% 2.00% 1.00% 1.00% 1.75% 2.00% $ 49,761 51,555 52,770 45,510 (8,519) (9,779) 87,937 92,364 $ 181,949 179,650 - 103 - 107. () 3. 32,77730,400 () 9,500,0008,963,768 () () ()3,120() 17,602 64,782 5,732101,456 () 1. (1) 10% 10%2%1% (2) 10% 2. (1) - 104 - 108. () (2) 100 99 () $ 0.45 0.1 () $ - 0.6 $ 7,421 313 14,842 625 $ 22,263 938 100 $ 14,842 5,345 9,497 7,421 2,672 4,749 $ 22,263 8,017 14,246 99 $ 625 2,282 (1,657) 313 1,141 (828) $ 938 3,423 (2,485) (3) 2%1% 1,7395,3458692,672 - 105 - 109. () () 101 100 $ 472,295 356,725 1,316,610 1,238,026 () 877,443 877,443 873,042 873,042 () $ 0.54 0.41 1.51 1.42 101 100 $ 472,295 356,725 1,316,610 1,238,026 () 896,376 896,376 896,376 896,376 () $ 0.53 0.40 1.47 1.38 () 1. 101.12.31 100.12.31 $ 10,000 10,000 10,000 10,000 43,896 - 58,580 - 20,000 - 20,000 - 662,397 662,397 314,342 314,342 () 5,420,000 5,420,000 5,710,000 5,710,000 - - 7,387 7,387 43,493 43,493 - - - 106 - 110. () (1) (2)() (3) (4) (5) (6) 2. 3. (1) 30,000 1% 300 (2) () - 107 - 111. () (3) (4) 8,616,0858,797,511 4. () () 101.12.31 100.12.31 $ 27,136 29.03 787,747 21,876 30.27 662,187 4,088 38.48 157,290 4,832 39.20 189,414 66,807 0.336 22,447 87,214 0.390 34,013 288,305 29.03 8,369,017 278,169 30.27 8,419,247 7,017 38.48 270,005 7,356 39.20 288,361 72,204 29.03 2,097,787 25,154 30.27 761,412 - 108 - 112. () () Sanyang Deutschland GmbH SYDE SY International Ltd.SYI SY Italia S.r.lSYIT Vietnam Manufacturing and Export Processing (Holdings) Ltd.VMEPH Sanyang Motor Vietnam Co. Ltd. SMV () Vietnam Manufacturing and Export Processing Co., Ltd. VMEP Vietnam Casting Forge Precision Ltd.VCFP Duc Phat Molds Incorporation Duc Phat PT. Sanyang Industri Indonesia SY Indonesia () - 109 - 113. () () 1. (1) 101 100 $ 8,346,223 36 7,726,019 33 1,358,381 6 1,260,218 5 VMEP 385,278 2 640,434 3 381,158 2 255,786 1 SYIT 280,750 1 348,004 2 221,703 1 133,564 1 182,354 1 201,486 1 SYDE 123,884 - 128,352 1 86,900 - 99,286 - 15,157 - 19,330 - 14,714 - 318 - SYI 3,225 - 34,595 - 5,052 - 8,679 - $ 11,404,779 49 10,856,071 47 11% 14%() 90 VMEP4590 SYITSYDE120 1545 800,000400,000 (2) 17,05418,341 - 110 - 114. () (3) 101 100 VMEP $ 160,737 68 233,613 70 19,639 8 19,996 6 SYIT 5,601 3 5,924 2 4,833 2 4,065 1 3,876 2 3,626 1 3,391 2 3,342 1 3,120 1 3,534 1 3,021 1 3,428 1 2,525 1 2,623 1 SMV 763 - 4,304 1 948 - 2,457 1 $ 208,454 88 286,912 86 (4) 101.12.31 100.12.31 % % $ 628,743 56 170,283 35 160,284 14 14,439 3 VMEP 153,289 14 151,338 31 92,537 8 29,442 6 43,416 4 26,163 5 SYDE 24,560 2 9,620 2 SYIT 23,417 2 78,430 16 SY Indonesia 19,224 2 19,224 4 SMV 3,391 - 3,261 1 2,410 - 2,508 - 2,357 - 3,266 1 2,594 - 3,732 - 1,156,222 102 511,706 104 (19,224) (2) (19,224) (4) $ 1,136,998 100 492,482 100 - 111 - 115. () 2. (1) 101 100 % % $ 1,235,591 7 1,134,286 7 913,260 5 980,049 6 620,803 4 496,534 3 314,212 2 309,617 2 223,333 1 175,574 1 135,856 1 144,156 1 127,259 1 329,149 2 83,201 1 59,248 - 75,445 - 75,473 - 21,066 - 20,863 - 14,831 - 15,048 - VMEP 7,863 - 18,356 - 545 - 2,826 - 982 - 4,222 - $ 3,774,247 22 3,765,401 22 VMEP45 45 (2) 101.12.31 100.12.31 % % $ 138,632 33 95,736 31 128,356 31 117,449 37 66,839 16 13,328 4 27,142 7 21,532 7 18,437 5 33,787 11 14,667 4 15,300 5 8,643 2 6,879 2 8,093 2 6,149 2 3,334 - - - 1,284 - 3,296 1 2,145 - 1,176 - $ 417,572 100 314,632 100 (3) 69,28987,857 - 112 - 116. () 3. (1) 101 100 $ 40,474 12,132 SYIT 14,318 11,121 11,686 17,937 SYDE 4,343 3,355 132 133 $ 70,953 44,678 $ 74,892 99,705 - 10,214 - 3,251 $ 74,892 113,170 22,70715,586 (2) 3002,000 4. 101 100 $ 11,469 3,604 8 449 - 156 $ 11,477 4,209 1,098309 5. 101 100 $ 10,030 10,048 1,118 707 $ 11,148 10,755 2,020 - 113 - 117. () 6. (1) 101 100 $ 14,655 14,556 4,055 2,864 3,137 1,951 2,094 1,760 1,644 - 1,394 7,885 290 2,380 VMEP 200 - - 3,899 - 2,939 - 320 $ 27,469 38,554 (2) 100 $ 4,400 1,862 (3)3,120 55,7237,425132,165 896138,733 7. ( ) (%) 101 SYI $ 833,742 833,742 857,845 - - 8. (1)() 5,400,000 (2)VMEPH 8,017(97.2102.1) (3) 139() - 114 - 118. () (4) 1,622() () 101 100 $ 48,624 48,289 19,262 20,325 178 96 - 18 $ 68,064 68,728 101.12.31 100.12.31 $ 3,749,654 3,780,027 766,876 768,739 64,480 64,480 348,941 - 648,096 302,142 $ 5,578,047 4,915,388 () USD22,116USD12,458 () 7,92631,421 () 17,52021,951 () 4,851,903 77,500242,595 77,500320,096101,800 151923 7 - 115 - 119. () () () () 4,024,539 372 9,727 ()() () () - 116 - 120. () ()() 09360911600 323324345 346 34697,882 348,941 () 320,304(71,965) ()Plassen International LimitedCosmos System Inc. SY International Ltd. () () (() 46%54%) () 101 100 $ 818,628 854,383 1,673,011 829,179 917,793 1,746,972 70,063 63,579 133,642 64,631 61,976 126,607 117,655 97,071 214,726 114,067 95,982 210,049 62,556 56,414 118,970 55,597 62,240 117,837 441,874 128,050 569,924 429,123 138,548 567,671 - - - - - - 26,331 11,848 38,179 24,487 12,360 36,847 2503,510 3,0843,229 - 117 - 121. () () () 1. 2. 3. 60,000 $ 1,885,987 100.00% 1,885,987 14,976 184,609 89.39% 187,663 2,900 34,357 100.00% 34,357 109,507 1,413,310 89.58% 1,476,918 1,369 22,288 19.85% 22,288 11,205 134,544 62.26% 136,233 1,500 24,367 25.00% 24,367 4,436 55,931 16.27% 55,931 59,070 740,795 94.73% 812,787 Profit Source Investment Ltd. - 2,068,812 100.00% 2,069,281 Sanyang Deutschland GmbH - 141,467 100.00% 141,467 Sun Goal Limited - 275,367 100.00% 275,367 SYI - 6,024,838 100.00% 6,024,838 SYIT - 128,538 100.00% 128,538 5,339 9,970 19.94% 244,719 8,861 33,926 7.62% 33,926 - - 10,000 - % 10,000 - - 20,000 - % 20,000 4.20% 5.20% 6.20% - 118 - 122. () 7.20% () () () () () $ (8,346,223) (35) % 8 90 628,743 35 % (1,358,381) (6) % 1 90 - - % SYIT (286,351) (1) % 120 23,417 1 % (381,158) (2) % 3060 160,284 9 % (224,724) (1) % 180 92,537 5 % VMEP (546,015) (2) % 45 153,289 8 % (201,993) (1) % 45 4%~20% 43,416 2 % SYDE (123,884) (1) % 120 24,560 1 % 1,235,591 7 % 80% 45 (66,839) (6) % 913,260 5 % 45 (128,356) (12) % 620,803 4 % (138,632) (12) % 314,212 2 % (18,437) (2) % 223,333 1 % (27,142) (2) % 135,856 1 % (14,667) (1) % 127,259 1 % 40% 30 (3,334) - % 8.20% $ 628,743 20.89 - - 628,743 - 160,284 4.36 - - 89,048 - VMEP 153,289 3.58 - - - - 9.() - 119 - 123. () () 1.... 16054 643,889 643,889 60,000 100.00% 1,885,987 (41,396) (41,396) " 18 158,745 158,745 14,976 89.39% 184,609 15,874 14,190 " 16054 29,000 29,000 2,900 100.00% 34,357 4,870 4,870 " 16054 - 76,225 - - % - 5,645 24 " 16054 833,136 833,136 109,507 89.58% 1,413,310 301,693 268,360 " 1 437 6,501 6,501 1,369 19.85% 22,288 38,280 7,598 " 1968 114,778 114,778 11,205 62.26% 134,544 11,527 7,679 " 16054 22,635 69,714 1,500 25.00% 24,367 2,152 525 " 16054 35,178 35,178 4,436 16.27% 55,931 39,036 6,351 " 16054 530,267 530,267 59,070 94.73% 740,795 52,149 49,024 " Profit Source Investment Ltd. Offshore Chambers, P.O. Box 217, Apia, Samoa USD 25,877 USD 25,877 - 100.00% 2,068,812 USD 12,410 367,183 " Sanyang Deutschland GmbH Starkeburgstr. 12 D-64546 Moerfelden-Walldorf, Germany EUR 3,000 EUR 3,000 - 100.00% 141,467 EUR 42 1,619 " Sun Goal Limited Offshore Chambers,P.O. BOX217,Apia,Samoa USD 10,000 USD 10,000 - 100.00% 275,367 USD (383) (11,316) " SYI Offshore Chambers,P.O. BOX217,Apia,Samoa USD 112,328 USD 112,328 - 100.00% 6,024,838 USD (4,244) (125,399) " SYIT Via Vittor Pisani 2720124 Milano Italy EUR 4,000 EUR 4,000 - 100.00% 128,538 EUR (382) (14,558) 16054 750 750 75 0.50% 1,358 5,645 " 16054 3,600 3,600 360 6.00% 7,440 2,152 " 1 437 24,228 24,228 4,834 70.05% 78,654 38,280 " " 16054 91,926 91,926 16,763 61.46% 211,282 39,036 " " 211 6,120 6,120 612 51.00% 6,667 2,115 " " 16054 15,000 15,000 1,500 100.00% 15,527 76 " " NAN YANG HOLDING CO., LTD Equity Trust Chambers., P.O. Box 3269, Apia, Samoa 423,487 379,631 - 100.00% 378,945 USD (785) " NOVA LLC 86,500 86,500 - 42.30% 112,191 15,053 " " 16054 3,000 3,000 300 5.00% 4,873 2,152 " 16054 4,385 4,385 669 65.00% 8,459 2,033 " 1316 157,000 157,000 9,750 50.00% 147,263 874 " " 355 33,200 33,200 9,020 40.00% 240,100 34,773 " " 16054 19,680 19,680 5,760 21.12% 72,605 39,036 " " 65 56,840 56,840 5,150 64.38% 135,558 46,247 " " 16054 816 816 60 1.00% 975 2,152 " 16054 25,995 30,000 2,600 17.33% 42,134 5,645 " - 120 - 124. () 1968 65,134 65,134 5,415 30.08% 65,829 11,527 " 18 24,638 24,638 1,675 10.00% 20,994 15,874 " " 168 5,100 5,100 510 68.92% 5,957 873 " " NOVA LLC 113,002 113,002 - 57.70% 153,036 8,685 " " 5481 96,000 96,000 9,600 29.29% 71,031 (43,456) " Profit Source Investment Ltd.(Samoa) CHONG HING INTERNATI ONAL LIMITED AKARA BULDING, 24 DE CASTRO STREET, WICKHAMS CAY I, ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS USD 25,878 USD 25,878 - 100.00% USD 71,280 USD 12,410 " SYI Billion Ally Ltd. Offshore Chambers,P.O. BOX217,Apia,Samoa USD 3,957 USD 3,957 - 100.00% USD 540 USD - " " Cosmos P.O Box957, Offshore Incoporations Centre Road Town, Tortola,British Virgin Islands USD 13,226 USD 13,226 - 100.00% USD (15,820) USD (1,134) " " VMEPH Scotia Centre, 4th Floor P.O Box 2804 George Town, Grand Cayman, Cayman Islands USD 98,984 USD 98,984 608,818 67.07% USD 114,107 USD 745 " " NEW PATH Offshore Chambers P.O Box217,Apia, Samoa USD 9,207 USD 9,207 - 100.00% USD 12,874 USD 15 " " PIL P.O Box957,Offshore Incoporations Centre Road Town, Tortola,British Virgin Islands USD 13,836 USD 13,836 - 100.00% USD (19,367) USD 826 " " Shinny Way Ltd. Offshore Chanmbers.P.O. Box217, Apia, Samoa USD 1,255 USD 1,255 - 100.00% USD 39 USD 663 " " SANYANG MOTOR VIETNAM CO., LTD. Location 4, 5C RD, Nhon Trach Industry Zone 2, Nhon Trach, Dong Nai Province, Vietnam 3.5 6~9 USD 43,000 USD 39,000 - 100.00% USD 14,199 USD (5,639) " " 1 3 USD 452 USD 452 - 30.00% USD 190 USD (529) " Sun Goal Limited 3 USD 10,000 USD 10,000 - 100.00% USD 9,485 USD (383) " BVI British Virgin Islands USD 5,119 USD 5,119 - 100.00% 154,729 USD 114 " " USD 691 USD 691 - 69.00% 44,983 USD 159 " " USD 836 USD 836 - 38.00% 27,160 USD 32 " " () No. 24, Lesperonce, Providence Industrial Lstate, MAHE Seychelles. USD 765 USD 765 - 51.00% 4,022 USD (364) " " 16054 7,645 7,645 750 5.00% 12,156 5,645 " " 16054 8,156 8,156 600 10.00% 9,747 2,152 " Cosmos USD 23,040 USD 23,040 - 100.00% USD (12,020) USD (1,131) " - 121 - 125. () PIL USD 23,000 USD 23,000 - 76.67% USD (20,862) USD 828 VMEPH 616054 150,000 150,000 15,000 100.00% USD 6,267 USD 633 " " VMEP Sec 5, Tam Hiep Ward, Bien Hoa City, Dong Nai Province, Vietnam USD 120,433 USD 120,433 - 100.00% USD 102,614 USD 516 " " PT. Sanyang Industri Indonesia Kawasam Industri MM2100 Blok No.1 Ciditung Bekasi 17520 Barat Indonesia USD 2,624 USD 2,624 - 99.00% USD 400 USD 46 " NEW PATH 99 1 USD 9,000 USD 9,000 - 100.00% USD 12,669 USD 14 " NOVA LLC 46 USD 5,000 USD 5,000 - 100.00% USD 7,814 USD 307 " " USD 109 USD 109 - 90.00% USD 133 USD 41 " Shinny Way Ltd. 2 USD - USD 1,255 - - % USD - USD 774 " BVI USD 932 USD 932 - 100.00% USD 2,318 USD 68 " " USD 4,400 USD 4,400 - 100.00% USD 2,241 USD 50 " () Pot 37, Quang Minh Industry, Me Linh Ha No i, Vietnam. USD 1,500 USD 1,500 - 100.00% USD 294 USD (364) " Pot 37, Quang Minh Industry, Me Linh Ha No i, Vietnam. CNY 1,060 CNY 1,060 - 100.00% CNY (18,941) CNY 247 " VMEP Duc Phat Lots 1X-1, Chochieu St. Thanhhoa Hamlet, Hanoi 3 Industrial Zone, Thongnhat Dist, Dong Nai Province, Vietnam USD 840 USD 840 - 100.00% - USD - " " VCFP Ho Nai Industrial Zone Thong Nhat District Dong Nai Province USD 4,500 USD 4,500 - 100.00% - USD - " CHONG HING INTERNATI ONAL LIMITED 5 USD 20,465 USD 20,465 - 25.00% USD 65,347 USD 50,027 " Sunny Mind Level 2, Lotemau Centre,Vaea Street, Apia Samoa 330,951 255,951 - 100.00% 241,799 USD (1,438) " NANYANG HOLDING CO., LTD 201 USD 9,600 USD 8,150 - 100.00% USD 9,046 USD (704) " " 213 USD 4,050 USD 4,050 - 100.00% USD 4,008 USD (81) " 58 CNY 16,000 CNY 16,000 - 100.00% CNY 15,352 CNY (883) " " 213 CNY 14,000 CNY 2,700 - 100.00% CNY 12,594 CNY (1,406) " Sunny Mind () USD 5,000 USD 7,500 - 100.00% USD 3,682 USD (1,434) " - 122 - 126. () Sunny Mind (: ) () USD 5,000 USD - - 100.00% USD 5,005 USD (3) () CNY 500 CNY 500 - 100.00% CNY 484 CNY (7) " " 2. PIL Cosmos USD 7,210 USD 7,210 USD 7,210 (2) Cosmos - - - $ 1,447,383 5,789,534 SYI PIL USD 16,326 USD 16,326 (3) USD 16,326 (3) - USD 14,813 - - Cosmos USD 9,118 USD 9,118 (3) USD 9,118 (3) - - - - USD 2,944 USD 2,944 (3) USD 2,944 (3) - - - - USD 11,700 USD 11,700 USD 11,700 1.59%~ 1.87% - - - - USD 6,554 USD 6,554 (3) USD 6,554 (3) (2) - - - - USD 30,000 USD 30,000 USD 28,720 - - - - SMV USD 3,000 USD 3,000 USD 3,000 - - - - 22,000 22,000 22,000 4% - - 21,352 23,688 122,560 30,000 30,000 29,544 - - 50,111 85,515 122,560 CNY 3,000 CNY 2,500 CNY 500 (2) - - - - 26,260 105,040 CNY 5,000 CNY 3,300 CNY 1,700 - - - - 1SYIPILCosmosVMEPH 10%40% 212LIBOR 0.75% 3 3. $ 7,236,917 5,400,000 5,400,000 5,400,000 37.31 % 7,236,917 SYI XS USD 16,500 USD 13,500 - 2.70 % CCK USD 2,800 USD - - - % 171,886 42,527 41,170 - 11.98 % 171,886 CNY 27,987 CNY 13,000 CNY 13,000 - 23.23 % CNY 27,987 1100% 50% 2SYI50% - 123 - 127. () 4. () % / 75 $ 1,358 0.50% 1,358 360 7,440 6.00% 7,440 4,751 84,092 0.53% 84,092 4,834 78,654 70.05% 78,654 16,763 211,282 61.46% 211,282 612 6,667 51.00% 6,667 1,500 15,527 100.00% 15,527 NANYANG HOLDING CO., LTD. - 378,945 100.00% 378,945 24 222 0.44% 222 76 1,254 1.05% 1,254 20 475 0.28% 475 Nova LLC - 112,191 42.30% 112,191 300 4,873 5.00% 4,873 669 8,459 65.00% 8,459 981 17,364 0.11% 17,364 9,750 147,263 50.00% 147,263 9,020 240,100 40.00% 240,100 5,760 72,605 21.12% 72,605 5,150 135,558 64.38% 140,274 60 975 1.00% 975 2,600 42,134 17.33% 42,134 5,415 65,829 30.08% 65,829 1,675 20,994 10.00% 20,994 510 5,957 68.92% 5,957 Nova LLC - 153,036 57.70% 153,036 9,600 71,031 29.29% 71,031 800 5,200 10.00% 8,706 Sino Swearingen 83 - 0.11% - 17 - - % - 100 1,000 7.14% 1,559 Profit Source Investment Ltd.(Samoa) CHONG HING INTERNATIONAL LIMITED - USD 71,280 100.00% USD 71,280 SYI Billion Ally Ltd. - USD 540 100.00% USD 540 Cosmos - USD (15,820) 100.00% USD (15,820) VMEPH 608,818 USD 114,107 67.07% USD 115,295 NEW PATH - USD 12,874 100.00% USD 12,874 PIL - USD (19,367) 100.00% USD (19,367) Shinny Way Ltd. - USD 39 100.00% USD 39 SANYANG MOTOR VIETNAM CO., LTD. - USD 14,199 100.00% USD 14,199 - USD 190 30.00% USD 190 - USD 2,900 - % USD 2,900 Sun Goal Limited - USD 9,485 100.00% USD 9,485 - - CNY 10,350 - % CNY 10,350 BVI - 154,729 100.00% 154,729 - 44,983 69.00% 44,983 - 27,160 38.00% 27,160 750 12,156 5.00% 12,156 600 9,747 10.00% 9,747 () - 4,022 51.00% 4,022 - 58 - % 58 - 2,996 - % 2,996 Cosmos - USD (12,020) 100.00% USD (12,020) PIL - USD (20,862) 76.67% USD (20,862) VMEPH 15,000 USD 6,267 100.00% USD 6,267 VMEP - USD 102,614 100.00% USD 102,614 PT. Sanyang Industri Indonesia - USD 400 99.00% USD 400 VMEPH Callable Collared flating rate notes - - USD 3,000 - % USD 3,000 - 124 - 128. () () % / NEW PATH - USD 12,669 100.00% USD 12,669 NOVA LLC - USD 7,814 100.00% USD 7,814 - USD 133 90.00% USD 133 Billion Ally Ltd. KMCL - - USD 540 10.70% USD 540 BVI - USD 2,318 100.00% USD 2,318 - USD 2,241 100.00% USD 2,241 () - USD 294 100.00% USD 294 - CNY (18,941) 100.00% CNY (18,941) VMEP Duc Phat - - 100.00% - VCFP - - 100.00% - CHONG HING INTERNATIO NAL LIMITED - USD 65,347 25.00% USD 65,347 Sunny Mind - 241,799 100.00% 241,799 NANYANG HOLDING CO., LTD - USD 9,046 100.00% USD 9,046 - USD 4,008 100.00% USD 4,008 - CNY 15,352 100.00% CNY 15,352 - CNY 12,594 100.00% CNY 12,594 Sunny Mind - USD 3,682 100.00% USD 3,682 ( ) - USD 5,005 100.00% USD 5,005 - CNY 484 100.00% CNY 484 5.20% SYI SANYANG MOTOR VIETNAM CO., LTD. - - 15,380 - USD(1,181) () - - - - - USD14,199 - - - - - CNY34,000 - - 23,650 - - CNY10,350 USD4,000USD5,639USD458 6.20% 7.20% 8.20% () () () () () $ 8,346,223 96 % 90 (628,743) (75) % 1,358,381 77 % - - % SYIT 286,351 70 % 120 (23,417) (90) % 381,158 43 % 3060 (160,284) (79) % VMEP 546,015 9 % 45 (153,289) (23) % 224,724 89 % 180 (92,537) (80) % SYDE 123,884 87 % 120 (24,560) (79) % VMEP 250,801 5 % (5,564) - % 267,727 6 % (48,312) (3) % 103,719 4 % 45 (13,891) (4) % 101,547 4 % (16,657) (5) % 200,484 73 % 60 (15,542) (40) % (913,260) (84) % 45 128,356 89 % (1,235,591) (46) % 45 66,839 6 % (314,212) (80) % 18,437 41 % (223,333) (26) % 27,142 25 % (127,259) (29) % 30 3,334 6 % (101,547) 24 % 45 16,657 31 % (200,484) 46 % 60 15,542 29 % (135,856) (58) % 45 14,667 38 % VMEP (250,801) 9 % 5,564 4 % VMEP (267,727) 94 % 48,312 87 % (103,719) 45 % 45 13,891 23 % - 125 - 129. () 9.20% PIL Cosmos USD 7,210 - USD 7,210 - Cosmos USD 5,573 - USD 5,573 - USD 2,461 SYI USD 6,554 - USD 6,554 - USD 14,644 - USD 14,644 - USD 13,613 PIL USD 16,326 - USD 16,326 - Cosmos USD 9,118 - USD 9,118 - 128,356 8.82 - - 128,356 - 10. () 1. / (1) () USD 23,000 () USD 13,836 - - USD 13,836 76.67 % USD 828 USD (20,862) - USD 23,040 USD 13,226 - - USD 13,226 100 % USD (1,131) USD (12,020) - USD 94,351 USD 29,198 - - USD 29,198 25 % USD 12,507 USD 65,347 USD 15,707 USD 10,000 USD 10,000 - - USD 10,000 100 % USD (383) USD 9,485 - USD 9,000 USD 9,000 - - USD 9,000 100 % USD 14 USD 12,669 - USD 1,742 USD 1,255 - - - % USD 557 - - USD 1,507 () USD 452 - - USD 452 30 % USD (159) USD 190 - 2. USD 61,260 USD 82,662 8,684,300 1 () () () ()(EX) 2 3. - 126 - 130. - 127 - 131. Plassen International Limited Cosmos System Inc. SY International Ltd. (88)()18311 - 128 - 132. () 101.12.31 100.12.31 1100 (()) $ 7,440,305 20 8,577,342 22 1310 ( ()) 91,294 - 92,462 - 1340 (()) - - 7,387 - 1320 (()) 25,870 - 17,182 - 1330 (()) 132,744 - 164,204 - 1140 (()) 1,506,487 4 1,673,537 4 1153 () 55,503 - 39,489 - 1190 () 1,330,963 4 974,091 3 1210 (()) 8,568,305 23 8,254,313 22 1280 383,149 1 593,038 2 1286 (()) 79,395 - 97,954 - 19,614,015 52 20,490,999 53 1421 (()) 2,353,785 6 1,866,893 5 1440 () 1,182,959 3 929,453 3 1450 (()) 10,000 - 10,000 - 1480 (()) 55,101 - 70,013 - 1490 (()) 20,000 - 20,000 - 3,621,845 9 2,896,359 8 (()) 1501 1,714,575 5 1,714,575 4 1521 5,087,089 13 5,043,643 13 1531 14,192,544 38 13,920,846 36 1541 1,443,857 4 1,437,569 4 1561 1,443,861 4 1,399,801 4 15X8 5,369,857 14 5,370,485 14 1627 940,674 3 926,174 3 30,192,457 81 29,813,093 78 15x9 (17,410,805) (46) (16,725,464) (43) 1599 (293,090) (1) (219,350) (1) 1671 85,439 - 168,786 - 1672 50,544 - 114,526 - 12,624,545 34 13,151,591 34 1770 (()) 43,406 - 111,726 - 1782 (()) 427,113 1 486,145 1 470,519 1 597,871 1 1801 (()) 987,826 3 961,854 3 1811 (()) 166,916 - 173,103 - 1830 99,291 - 142,995 - 1860 (()) - - 51,524 - 1880 () 315,974 1 256,733 1 1,570,007 4 1,586,209 4 $ 37,900,931 100 38,723,029 100 101.12.31 100.12.31 % % 2100 (()) $ 5,443,210 14 5,790,089 15 2110 (()) 38,351 - 48,135 - 2120 1,940,152 5 2,048,675 5 2150 () 246,520 1 199,671 1 2160 38,114 - 67,573 - 2170 1,731,943 4 1,221,556 3 2200 (()) 43,493 - - - 2261 () 267,345 1 480,113 1 2272 (()) 750,247 2 599,684 2 2280 705,460 2 815,744 2 11,204,835 29 11,271,240 29 2420 (()) 5,587,067 15 6,111,081 15 2510 1,902,130 5 1,902,130 5 2810 (()) 1,887,166 5 1,842,964 5 2820 248,790 1 211,577 1 2861 (()) 40,686 - - - 2880 361,061 1 192,646 - 2,537,703 7 2,247,187 6 21,231,735 56 21,531,638 55 3110 (()) 8,963,768 24 8,963,768 23 3220 (()) 204,402 - 63,334 - 3260 2,156,135 6 2,141,845 6 2,360,537 6 2,205,179 6 (()) 3310 1,755,683 4 1,631,881 4 3320 1,125,135 3 1,125,135 3 3350 1,098,837 3 1,269,284 3 3,979,655 10 4,026,300 10 3420 (()) (1,663,438) (4) (1,338,489) (3) 3430 (590,097) (2) (562,205) (1) 3451 (122,068) - (110,410) - 3460 1,583,058 4 1,583,058 4 3480 (()) (37,581) - (102,363) - (830,126) (2) (530,409) - 14,473,834 38 14,664,838 39 3610 2,195,362 6 2,526,553 6 16,669,196 44 17,191,391 45 () $ 37,900,931 100 38,723,029 100 - 129 - 133. () : 101 100 4000 4110 () $ 34,140,303 99 36,483,987 99 4170 (464,493) (1) (5,856) - 4190 (593,103) (2) (870,624) (2) 33,082,707 96 35,607,507 97 4300 () 285,233 1 273,283 1 4800 () 1,041,004 3 944,798 2 34,408,944 100 36,825,588 100 5000 5111 () 26,080,077 76 27,570,112 75 5300 140,571 - 138,832 - 5800 625,217 2 609,705 2 26,845,865 78 28,318,649 77 7,563,079 22 8,506,939 23 6000 6100 2,559,164 8 2,485,002 7 6189 2,297,992 7 2,129,957 6 6200 1,732,194 5 1,894,598 5 6300 802,520 2 806,656 2 7,391,870 22 7,316,213 20 6900 171,209 - 1,190,726 3 7100 7110 326,839 1 363,963 1 7121 (()) 367,330 1 282,403 1 7122 49,862 - 13,641 - 7130 7,949 - 92,830 - 7140 (()) 2,338 - 12,088 - 7160 77,958 - 41,147 - 7283 (()) - - 40,498 - 7310 (()) - - 7,285 - 7480 157,071 1 142,580 - 989,347 3 996,435 2 7500 7510 336,252 1 351,395 1 7630 (()()) 88,182 - 40,000 - 7640 (()) 43,259 - - - 7880 () 24,718 - 28,655 - 492,411 1 420,050 1 7900 668,145 2 1,767,111 4 8110 (()) 237,234 1 321,804 1 $ 430,911 1 1,445,307 3 9601 $ 356,725 1 1,238,026 2 9602 74,186 - 207,281 1 $ 430,911 1 1,445,307 3 (()) 9750 () $ 0.54 0.41 1.51 1.42 - 130 - 134. () : $ 8,456,385 2,176,972 1,562,636 1,125,135 692,450 (1,561,633) (582,829) (68,374) 1,598,944 (102,363) 2,334,533 15,631,856 - - 69,245 - (69,245) - - - - - - - - - - - (84,564) - - - - - - (84,564) 507,383 - - - (507,383) - - - - - - - - - - - 1,238,026 - - - - - 207,281 1,445,307 - - - - - 223,144 - - - - - 223,144 - 28,207 - - - - 5,846 (42,036) (15,886) - - (23,869) - - - - - - 14,778 - - - - 14,778 - - - - - - - - - - (15,261) (15,261) 8,963,768 2,205,179 1,631,881 1,125,135 1,269,284 (1,338,489) (562,205) (110,410) 1,583,058 (102,363) 2,526,553 17,191,391 - - 123,802 - (123,802) - - - - - - - - - - - (403,370) - - - - - - (403,370) - - - - 356,725 - - - - - 74,186 430,911 - 138,733 - - - - - - - 64,782 - 203,515 - - - - - (324,949) - - - - - (324,949) - 16,625 - - - - (18,627) (11,658) - - - (13,660) - - - - - - (9,265) - - - - (9,265) - - - - - - - - - - (405,377) (405,377) $ 8,963,768 2,360,537 1,755,683 1,125,135 1,098,837 (1,663,438) (590,097) (122,068) 1,583,058 (37,581) 2,195,362 16,669,196 - 131 - 135. : 101 100 $ 430,911 1,445,307 () 1,201,909 1,240,534 89,595 90,561 () 32,457 (35,757) - (40,498) () 63,173 90,768 () 48 87 (367,330) (282,403) 44,774 77,121 (7,949) (92,830) (2,338) (12,088) () 43,259 (7,285) 88,182 40,000 9,727 - () 119,673 (338,735) () (16,014) 61,921 (426,864) (1,353,922) () 209,889 (18,366) () (353,638) 529,107 110,769 80,232 (59,241) (83,429) (108,523) (333,553) 46,849 104,629 (29,459) (3,458) 97,290 257,519 () (212,768) 93,521 (110,284) (7,644) 103,257 62,041 997,354 1,563,380 - 132 - 136. () () : 101 100 (3,674) (90,824) 26,435 - (9,358) - 228 131 - (158,047) - (13,297) (839,021) (1,516,899) 105,239 277,856 195,008 12,088 (46,716) (47,496) - (232,961) (253,506) (226,962) 168,415 73,362 (656,950) (1,923,049) (295,011) (3,610,533) (9,784) - - (84,564) () (373,036) 2,857,630 37,213 75,550 (405,377) (108,798) (1,045,995) (870,715) (431,446) 139,772 (1,137,037) (1,090,612) 8,577,342 9,667,954 $ 7,440,305 8,577,342 $ 336,916 307,091 $ 87,746 179,325 $ 750,247 599,684 $ 7,422 - $ 403,370 - $ 138,733 - - 133 - 137. () () 7,895 7,950 () () 1. 101.12.31 100.12.31 () 100.00% 100.00% 50% () 89.39% 89.39% 99.39% () 100.00% 100.00% 50% () - % 49.50% (1) - 134 - 138. () 101.12.31 100.12.31 () 89.58% 89.58% 50% () 19.85% 19.85% 89.90% () 62.26% 62.26% 92.34% () - % 77.00% (2) () 16.27% 16.27% 98.85% () 94.73% 94.73% 50% Profit Source Investment Ltd. (Profit Source) 100.00% 100.00% 50% Sanyang Deutschland GmbH (SYDE) 100.00% 100.00% 50% Sun Goal Ltd. (Sun Goal ) 100.00% 100.00% 50% SY International Ltd. (SYI) 100.00% 100.00% 50% Sanyang Italia S.r.l (SYIT) 100.00% 100.00% 50% () (NOVA LLC) 42.30% 42.30% 100% ( 51.00% 51.00% 50% () 100.00% 100.00% 50% NANYANG HOLDING CO., LTD. (NY Samoa) 100.00% 100.00% 50% - 135 - 139. () 101.12.31 100.12.31 () 50.00% 50.00% 50% () 68.92% 68.92% 50% () 64.38% 64.38% 50% () - % 37.98% (3) Profit Source () 100.00% 100.00% 50% Sun Goal () 100.00% 100.00% 50% SYI Billion Ally Ltd. (Billion) 100.00% 100.00% 50% SYI Cosmos System Inc. (Cosmos) 100.00% 100.00% 50% SYI NEW PATH Trading Ltd. (NEW PATH) 100.00% 100.00% 50% SYI Plassen International Ltd. (PIL) 100.00% 100.00% 50% SYI Sanyang Motor Vietnam Co., Ltd. (SMV) 3.5 6-9 100.00% 100.00% 50% SYI Vietnam Manufacturing and Export Processing (Holdings) Ltd. (VMEPH) 67.07% 67.07% 50% SYI Shinny Way Ltd (Shinny Way) 100.00% 100.00% 50% () 65.00% 65.00% - 136 - 140. () 101.12.31 100.12.31 NY Samoa () 100.00% 100.00% 50% NY Samoa () 100.00% 100.00% 50% NOVA LLC () () 100.00% 100.00% 50% NOVA LLC Nova Design Europe, SRL 90.00% 90.00% 50% () 69.00% 69.00% 100% Three Brothers Machinery Ind (BVI) Co.,Ltd. (BVI) 100.00% 100.00% 50% 51.00% 51.00% 50% Cosmos () 100.00% 100.00% 50% NEW PATH () () 100.00% 100.00% 50% VMEPH () 100.00% 100.00% 50% VMEPH Vietnam Manufacturing and Export Processing Co., Ltd.(VMEP) 100.00% 100.00% 50% VMEPH PT. Sanyang Industri Indonesia (SY Indonesia) 99.00% 99.00% 100% PIL () 76.67% 76.67% 50% (BVI) () 100.00% 100.00% 50% - 137 - 141. () 101.12.31 100.12.31 (BVI) () 100.00% 100.00% 50% () 100.00% 100.00% 50% VMEP Duc Phat Molds Inc. (Duc Phat) 100.00% 100.00% 50% VMEP Vietnam Casting Forge Precision Ltd.(VCFP) 100.00% 100.00% 50% Shinny Way () - % 72.00% 50% Sunny Mind High Technology Inc. (Sunny Mind) - % 100.00% (3) Sunny Mind () - % 100.00% (3) () 100.00% 100.00% 50% () 100.00% 100.00% 50% () () 100.00% 100.00% 50% 152% 48% 252.17% 32.83% 3 37.98% 29.29% - 138 - 142. () 2. 3. 4. 5. 6. 7.() () () () () () - 139 - 143. () () () () () () 1. 2. - 140 - 144. () 3. () () () () - 141 - 145. () () 20% 20% 50% 1. 2. () 3. () 20403153 1035 - 142 - 146. () () () 25 () 10% (20%110%)() 6% - 143 - 147. () VMEPVCFPDuc PhatSYDESMVSY IndonesiaSYIT () () () (96) 052 () (92)070071072 1. ( ) 2. 3.Black-Scholes 4. - 144 - 148. () () () () () 10% () () ( ) - 145 - 149. () () () () 101.12.31 100.12.31 $ 51,317 54,407 4,544,187 5,364,980 28,219 20,848 2,692,404 2,987,073 7,264,810 8,372,901 124,178 150,034 $ 7,440,305 8,577,342 () 101.12.31 100.12.31 $ 1,432 1,198 89,862 91,264 $ 91,294 92,462 $ - 7,387 $ 15,691 17,182 10,179 - $ 25,870 17,182 - 146 - 150. () 101.12.31 100.12.31 $ 132,744 164,204 $ 10,000 10,000 $ 55,101 70,013 $ 20,000 20,000 $ 43,493 - 1. 5.5% 2. 43,2597,285 3.() 14,68440,000 4. 101.12.31 100.12.31 () () / $ 65,723102.01.09~102.06.10 22,439101.02.27~101.06.19 - 147 - 151. () () 101.12.31 100.12.31 $ 73,745 93,903 28,183 28,236 (2,140) (2,144) 99,788 119,995 1,480,962 1,632,466 89,966 90,805 (12,084) (12,196) 1,558,844 1,711,075 199,540 157,987 (20,499) (18,236) 179,041 139,751 (331,186) (297,284) $ 1,506,487 1,673,537 () 101.12.31 100.12.31 $ 3,902,809 1,771,473 (127,711) (66,094) 3,775,098 1,705,379 1,945,500 3,734,130 (15,218) (7,857) 1,930,282 3,726,273 2,790,379 2,510,558 (118,024) (155,836) 2,672,355 2,354,722 190,570 197,315 - 270,624 $ 8,568,305 8,254,313 1. 101 100 $ 26,071,276 27,535,409 (54,420) (56,152) 48 87 29,031 36,589 34,142 54,179 $ 26,080,077 27,570,112 - 148 - 152. () 2. 4,024,5393,807,718() 3. () % () 101.12.31 $ 855,409 25% 1,897,020 369,559 (48,222) 33,200 40% 240,100 13,909 (32) 27,433 38% 27,160 360 31 13,297 30% 5,522 (4,694) (271) 96,000 29.29% 71,031 (14,118) (8,096) 38,807 48% 48,218 998 - 49,395 32.83% 64,734 1,316 - $ 2,353,785 367,330 (56,590) 100.12.31 $ 855,409 25% 1,594,394 262,431 62,797 33,200 40% 235,243 15,660 (1,071) 27,433 38% 26,769 8,106 (534) 13,297 30% 10,487 (3,794) 984 $ 1,866,893 282,403 62,176 1. 37.98% 29.29% 2.52%52.17% 48%32.83% .6 3. 101 100 $ 34,887 68,101 9,020 9,020 867 - $ 44,774 77,121 - 149 - 153. () 4. SYI Innate KudosEnterprise Corp. USD1,178 USD208(6,100)6,100 5. () 101.12.31 $ 1,714,575 5,367,169 7,081,744 - 7,081,744 5,087,089 2 5,087,091 2,832,193 2,254,898 14,192,544 2,519 14,195,063 11,939,183 2,255,880 1,443,857 155 1,444,012 1,132,450 311,562 1,443,861 12 1,443,873 1,108,545 335,328 940,674 - 940,674 398,434 542,240 85,439 - 85,439 - 85,439 50,544 - 50,544 - 50,544 $ 24,958,583 5,369,857 30,328,440 17,410,805 12,917,635 (293,090) $ 12,624,545 100.12.31 $ 1,714,575 5,367,169 7,081,744 - 7,081,744 5,043,643 2 5,043,645 2,705,636 2,338,009 13,920,846 2,817 13,923,663 11,552,222 2,371,441 1,437,569 404 1,437,973 1,165,854 272,119 1,399,801 93 1,399,894 943,995 455,899 926,174 - 926,174 357,757 568,417 168,786 - 168,786 - 168,786 114,526 - 114,526 - 114,526 $ 24,725,920 5,370,485 30,096,405 16,725,464 13,370,941 (219,350) $ 13,151,591 1. 1,5102.980%3402.998% 2. 40,498 73,498 - 150 - 154. () 3. () 101.12.31 100.12.31 1998.01.012045.12.24 $ 37,092 39,340 1993.01.012043.01.01 135,355 144,008 1996.05.302046.05.30 11,115 11,779 2006.11.012044.11.27 6,156 6,005 2012.06.102062.06.10 9,878 - 2011.04.082051.02.27 48,874 51,653 CN7 2011.03.282057.10.19 178,643 201,385 2008.07.302048.07.24 - 31,975 2008.07.302078.07.24 - 22,741 - (22,741) $ 427,113 486,145 () 101.12.31 $ 133,605 788,682 922,287 - 922,287 250,139 - 250,139 143,787 106,352 389 - 389 389 - 7,879 - 7,879 7,879 - $ 392,012 788,682 1,180,694 152,055 1,028,639 (40,813) $ 987,826 100.12.31 $ 132,794 788,682 921,476 - 921,476 220,389 - 220,389 139,198 81,191 389 - 389 389 - 19,652 - 19,652 19,652 - $ 373,224 788,682 1,161,906 159,239 1,002,667 (40,813) $ 961,854 - 151 - 155. () () 101.12.31 $ 102,052 44,990 - 147,042 1,442,883 - 1,370,232 72,651 22,771 - 22,647 124 $ 1,567,706 44,990 1,392,879 219,817 (52,901) $ 166,916 100.12.31 $ 104,300 44,990 - 149,290 1,431,679 - 1,348,373 83,306 22,771 - 22,398 373 $ 1,558,750 44,990 1,370,771 232,969 (59,866) $ 173,103 () 101.12.31 100.12.31 $ 2,005,159 1,710,995 113,301 129,468 2,596,150 3,251,014 728,600 698,612 $ 5,443,210 5,790,089 1.07%7.93%1.03%8.65% () 101.12.31 100.12.31 $ 38,351 48,135 3.075% - 152 - 156. () () 101.12.31 100.12.31 $ 845,584 814,897 41,730 146,028 5,420,000 5,710,000 () 30,000 39,840 (750,247) (599,684) $ 5,587,067 6,111,081 1. 2.08%7.11%1.963%8.530% 2. (1) 101.12.31 100.12.31 5 1,500,000 99.02104.02 1.70% 2.6% 2.6% 11 61 9 7 145,000 240,000 245,000 $ 920,000 1,210,000 6 3,500,000 100.06104.06 1.15% ( ) 3,500,000 3,500,000 1,000,000 100.06104.06 1,000,000 1,000,000 5,420,000 5,710,000 (290,000) (290,000) $ 5,130,000 5,420,000 A. 55 1,500,000 B. 64 4,500,000 3,500,000 1,000,000 - 153 - 157. () C. 0.25% 0.05%(IFRS) D. (a)5 100% 180% (+)2 >10,000,000 (b)6 100% 200% (+)2 10,000,000 E. 3. () 1. 17% VMEPVCFPDuc Phat18%SMV12 15%28% 50% 18%20%22%24%25% 25% - 154 - 158. () 2. 101 100 $ 134,628 231,296 () (12,910) 66,522 2,151 20,375 10% 113,365 3,611 $ 237,234 321,804 () $ 62,418 444,097 (13,014) (11,460) (14,981) 48,814 (46,896) 39,586 1,808 (382,353) 24,066 (45,409) (26,311) (26,753) $ (12,910) 66,522 3. 101 100 $ 206,122 508,483 2,151 20,375 10% 113,365 3,611 (73,309) (97,656) 1,808 (382,353) (46,896) 39,586 54,869 155,719 (470) 90,009 (20,406) (15,970) $ 237,234 321,804 - 155 - 159. () 4.() 101.12.31 100.12.31 $ 112,911 19,196 150,702 25,619 122,634 20,848 153,247 26,052 163,102 27,727 111,995 19,039 109,985 18,698 111,331 18,927 31 5 142 24 119,921 23,976 172,331 31,742 (19,800) (23,449) 90,650 97,954 (66,204) (11,255) - - (11,255) - $ 79,395 97,954 $ 38,825 6,600 95,711 16,271 49,220 8,367 41,296 7,020 122,177 122,177 291,298 291,298 1,139,388 193,696 1,074,630 182,687 1,628,091 276,776 1,348,777 229,291 305,362 57,845 223,226 37,486 (43,727) (43,387) 621,734 720,666 (37,312) (6,343) (12,336) (2,097) (3,681,289) (625,819) (3,741,642) (636,079) (177,989) (30,258) (182,157) (30,966) (662,420) (669,142) () $ (40,686) 51,524 - 156 - 160. () 5. $ 31,252 7,501 31 15 16 41 $ 38,856 6. $ 121,885() 292() $ 122,177 7. 101.12.31 100.12.31 $ 1,098,837 1,269,284 $ 94,746 28,347 100 99 () 3.34% () 5.51% - 157 - 161. () () 1. 101.12.31 100.12.31 $ (2,105,451) (1,861,713) (796,127) (959,840) (2,901,578) (2,821,553) (479,610) (444,411) (3,381,188) (3,265,964) 1,057,308 1,022,682 (2,323,880) (2,243,282) 51,459 119,290 1,096,542 1,028,129 (711,287) (747,101) $ (1,887,166) (1,842,964) 2. 101 100 1.75% 2.00% 1.00% 1.00% 1.75% 2.00% $ 61,420 63,351 64,195 55,279 (10,074) (11,636) 98,675 103,346 $ 214,216 210,340 $ 56,220 51,736 () 9,500,0008,963,768 - 158 - 162. () () () 1. 2.()3,120() 17,602 64,782 3. 101.12.31 100.12.31 () () 101.01 .01 101.12. 31 100.01.01 100.12. 31 12,556 - $ - - 11,845 12,556 206,546 16.45 5,046 - $ - - 4,760 5,046 83,007 16.45 981 981$ 17,364 17.70 926 981 16,137 16.45 4,751 4,751$ 84,092 17.70 4,482 4,751 78,154 16.45 () 1. (1) 10% 10%2%1% (2) 10% - 159 - 163. () 2. (1) (2) 100 99 () $ 0.45 0.1 () $ - 0.6 $ 7,421 313 14,842 625 $ 22,263 938 100 $ 14,842 5,345 9,497 7,421 2,672 4,749 $ 22,263 8,017 14,246 99 $ 625 2,282 (1,657) 313 1,141 (828) $ 938 3,423 (2,485) (3) 2%1% 1,7395,3458692,672 - 160 - 164. () () 101 100 $ 472,295 356,725 1,316,610 1,238,026 () 877,443 877,443 873,042 873,042 () $ 0.54 0.41 1.51 1.42 101 100 $ 472,295 356,725 1,316,610 1,238,026 () 896,376 896,376 896,376 896,376 () $ 0.53 0.40 1.47 1.38 () VMEPH 20,0001 2.9 20% 45% 70% 100% 101 100 () () 11,874$ 2.9 13,512 2.9 - - - - (2,485) 2.9 (1,638) 2.9 9,389 11,874 9,389 11,874 - 161 - 165. () () () () () () () 101.12.31 97.02.04 $ 2.9 9,389 0.08 2.9 9,389 2.9 100.12.31 97.02.04 2.9 11,874 1.08 2.9 11,874 2.9 Binomial 101.12.31 100.12.31 55.15% 55.15% 2.06% 2.06% 0.08 1.08 () 1. 101.12.31 100.12.31 $ 91,294 91,294 92,462 92,462 25,870 25,870 17,182 17,182 132,744 132,744 164,204 164,204 10,000 10,000 10,000 10,000 55,101 - 70,013 - 20,000 - 20,000 - 1,182,959 1,182,959 929,453 929,453 () 6,337,314 6,337,314 6,710,765 6,710,765 - - 7,387 7,387 43,493 43,493 - - - 162 - 166. () (1) (2)() (3) (4) (5) (6) 2. 3. (1) 30,000 1% 300 (2) - 163 - 167. () (3) (4) 11,818,87512,548,989 4. () () 101.12.31 100.12.31 () () $ 99,424 29.0300 2,886,279 139,476 30.2700 4,221,939 8,251 38.4800 317,498 8,185 39.2000 320,852 66,807 0.3362 22,461 87,214 0.3903 34,040 2 3.7770 8 7 3.8950 27 230,399 4.6372 1,068,406 291,119 4.8295 1,405,959 1,414,398,475 0.0014 1,980,158 1,363,765,504 0.0014 1,909,272 410,278 4.6372 1,902,542 332,306 4.8295 1,604,881 19,400,000 0.0014 27,160 19,153,756 0.0014 26,769 98,622 29.0300 2,862,997 54,538 30.2700 1,650,865 868 38.4800 33,401 2,262 39.2000 88,670 125,343 4.6372 581,241 193,312 4.8295 933,600 - 164 - 168. () () () () () () () () () () () () () () () () () () King Profit Enterprises Limited(King Profit) () (100.10.05) () 1. (1) 101 100 $ 213,677 1 232,471 1 2,704 - - - 1,617 - 1,078 - 352 - 587 - 96 - 401 - - - 6 - 61 - 280 - $ 218,507 1 234,823 1 1545 - 165 - 169. () (2) 101 100 $ 19,639 2 19,996 2 3,876 1 3,626 1 2,525 - 2,623 - 820 - 1,226 - $ 26,860 3 27,471 3 (3) 101.12.31 100.12.31 % % $ 53,239 96 35,004 89 27,481 50 28,289 72 - - 14,031 36 2,264 4 4,485 10 82,984 150 81,809 207 (27,481) (50) (42,320) (107) $ 55,503 100 39,489 100 2. (1) 101 100 % % $ 620,803 2 496,534 2 236,910 1 214,589 1 223,333 1 175,574 1 131,803 1 118,345 - 83,201 - 59,248 - 76,164 - 76,576 - 21,150 - 12,156 - 545 - 2,731 - 4 - 3,807 - $ 1,393,913 5 1,159,560 4 45 - 166 - 170. () (2) 101.12.31 100.12.31 % % $ 138,632 56 95,736 48 34,006 14 37,680 19 27,142 11 21,532 11 26,466 11 26,157 13 8,735 3 6,984 3 8,093 3 6,149 3 1,301 1 3,371 2 2,145 1 2,062 1 $ 246,520 100 199,671 100 3. 101.12.31 100.12.31 () % % $ 2,033 - 761 - 421 - 3,224 - 22 - - - - - 4,903 1 - - 1,858 - 2,476 - 10,746 1 - (6,761) $ 2,476 3,985 4. (1) 101 100 $ 32,903 27,285 27,371 19,439 323 14 $ 60,597 46,738 $ 1,830 2,308 - 2,400 - 465 $ 1,830 5,173 $ 11,686 17,937 - 167 - 171. () (2) 3002,000 5. (1) 101 100 $ 69 215 989 1,334 $ 1,058 1,549 (2) 69126 6. (1) 101 100 $ 2,094 1,760 1,644 - 1,394 7,885 290 2,380 - 3,899 $ 5,422 15,924 (2) 3,12055,7237,825 139,285 939138,733 7. (1) 139() (2) 1,622() (3) 2,4272,252 - 168 - 172. () () 101 100 $ 56,073 52,968 23,508 29,885 2,604 355 84 121 $ 82,269 83,329 101.12.31 100.12.31 $ 87,664 95,790 893,438 1,205,665 52,837 62,645 - 22,741 147,263 153,200 483,819 582,278 648,096 302,142 8,035,112 8,255,497 1,369,603 1,367,940 135,355 153,828 64,480 64,480 275,154 234,265 $ 12,192,821 12,500,471 () USD22,390USD12,839 () 7,92673,258 () 17,52021,951 () 22,85416,054 () 84,274128,68328,94454,171 - 169 - 173. () () 102.01.01102.12.31 $ 141,575 103.01.01103.12.31 94,830 104.01.01104.12.31 76,623 105.01.01105.12.31 54,378 106.01.01106.12.31 32,075 107.01.01 303,168 $ 702,649 15,0663,123 23,28722,779() () 4,851,903 77,500242,595 77,500320,096101,800 151923 7 () () () - 170 - 174. () 4,024,539 372 9,727 () 320,304(71,965) ()() () () ()() 323 40,741 40,853 40,741 ()() - 171 - 175. () 09360911600 323324345346 34697,882 348,941 () 46%54% 323 (100.04.25) (1) (2) ()Plassen International LimitedCosmos System Inc. SY International Ltd. ()VMEPH VMEP 17,000(USD5,000 ) 101.12.31 $ 12,187 479,746 $ 491,933 - 172 - 176. () () 101 100 $ 1,225,632 2,101,435 3,327,067 1,256,237 2,415,205 3,671,442 92,436 129,766 222,202 85,203 149,525 234,728 131,184 146,050 277,234 127,726 139,821 267,547 83,269 92,401 175,670 77,820 95,462 173,282 719,880 478,677 1,198,557 687,305 519,071 1,206,376 - - - - - - 50,183 39,412 89,595 31,709 58,852 90,561 25030,929 3,1023,229 () ()() 0990004943 IFRSs IFRSs () 1.(99111001231) IFRS IFRSs 2.(100111011231) IFRSs - 173 - 177. () () 3.(101111021231) IFRSs IFRSs ()IFRSs 1.10111 IFRSs $ 1,255,326 - 1,255,326 8,254,313 - 8,254,313 () 1,713,026 - 1,713,026 (1) 97,954 (97,954) - 9,170,380 - 9,170,380 2,896,359 - 2,896,359 13,151,591 - 13,151,591 (2) 111,726 (111,726) - (3) 486,145 (486,145) - (3) - 486,145 486,145 (4) - 1,134,957 1,134,957 (4) 961,854 (961,854) - (4) 173,103 (173,103) - (1) 51,524 767,096 818,620 399,728 - 399,728 $ 38,723,029 557,416 39,280,445 (5) $ 11,271,240 85,365 11,356,605 6,111,081 - 6,111,081 (6) 1,902,130 (1,902,130) - (2) 1,842,964 478,183 2,321,147 (6) - 1,902,130 1,902,130 (1) - 669,142 669,142 404,223 - 404,223 21,531,638 1,232,690 22,764,328 8,963,768 - 8,963,768 (7) 2,205,179 (717,959) 1,487,220 (9)(10) 4,026,300 1,397,866 5,424,166 (1,338,489) - (1,338,489) (2) (562,205) 562,205 - (110,410) - (110,410) (6) 1,583,058 (1,583,058) - (8) (102,363) (282,228) (384,591) (9) 2,526,553 (52,100) 2,474,453 17,191,391 (675,274) 16,516,117 $ 38,723,029 557,416 39,280,445 - 174 - 178. () 2.1011231 IFRSs $ 1,580,871 - 1,580,871 8,568,305 - 8,568,305 () 1,561,990 - 1,561,990 (1) 79,395 (79,395) - 7,823,454 - 7,823,454 3,621,845 - 3,621,845 12,624,545 - 12,624,545 (2) 43,406 (43,406) - (3) 427,113 (427,113) - (3) - 427,113 427,113 (4) - 1,154,742 1,154,742 (4) 987,826 (987,826) - (4) 166,916 (166,916) - (1) - 712,384 712,384 415,265 - 415,265 $ 37,900,931 589,583 38,490,514 (5) $ 11,204,835 86,564 11,291,399 5,587,067 - 5,587,067 (6) 1,902,130 (1,902,130) - (2) 1,887,166 515,463 2,402,629 (6) - 1,902,130 1,902,130 (1) 40,686 632,989 673,675 609,851 - 609,851 21,231,735 1,235,016 22,466,751 8,963,768 - 8,963,768 (7) 2,360,537 (717,959) 1,642,578 1,755,683 - 1,755,683 (10) 1,125,135 1,397,866 2,523,001 (2)(9)(10) 1,098,837 (164,418) 934,419 (1,663,438) - (1,663,438) (2) (590,097) 590,097 - (122,068) - (122,068) (6) 1,583,058 (1,583,058) - (8) (37,581) (103,997) (141,578) (2)(9) 2,195,362 (63,964) 2,131,398 16,669,196 (645,433) 16,023,763 $ 37,900,931 589,583 38,490,514 - 175 - 179. () 3.101 IFRSs $ 34,408,944 - 34,408,944 26,845,865 - 26,845,865 7,563,079 - 7,563,079 7,391,870 (108,573) 7,283,297 171,209 108,573 279,782 989,347 - 989,347 492,411 - 492,411 668,145 108,573 776,718 237,234 - 237,234 430,911 108,573 539,484 356,725 105,880 462,605 74,186 2,693 76,879 $ 430,911 108,573 539,484 4. (1) IFRSs IFRSs101111231 97,95490,65011,255 101111231 669,142 621,734 - 176 - 180. () (2) IFRS101 111231 1,152,1141,152,114 101109,772 IFRSs 101106,624 106,624 IFRSs101111231 562,205590,097 111,72643,406673,931633,503 (3) IFRSs101111231 486,145427,113 (4) 101111231 101111231IFRS 961,854987,826 173,103166,916 1,134,9571,154,742 (5)- IFRSs 101111231 85,36586,56485,365 10286,564 - 177 - 181. () (6) IFRSs IFRSs101111231 1,902,130 (7) IFRSsIFRS 101111231 717,959 (8) IFRSs 91 1011112 31282,228103,997 (9)101111231 101.01.01 $ (1,103,058) (49,056) (1,152,114) (82,321) (3,044) (85,365) 717,959 - 717,959 1,583,058 - 1,583,058 282,228 - 282,228 $ 1,397,866 (52,100) 1,345,766 101.12.31 $ (1,088,541) (60,425) (1,148,966) (83,025) (3,539) (86,564) 717,959 - 717,959 1,583,058 - 1,583,058 103,997 - 103,997 $ 1,233,448 (63,964) 1,169,484 (10)IFRS 1 1,397,866101.04.061010012865 ()IFRSs IFRSs - 178 - 182. () () 1. 2. 3. 60,000 $ 1,885,987 100.00% 1,885,987 14,976 184,609 89.39% 187,663 2,900 34,357 100.00% 34,357 109,507 1,413,310 89.58% 1,476,918 1,369 22,288 19.85% 22,288 11,205 134,544 62.26% 136,233 1,500 24,367 25.00% 24,367 4,436 55,931 16.27% 55,931 59,070 740,795 94.73% 812,787 Profit Source Investment Ltd. - 2,068,812 100.00% 2,069,281 Sanyang Deutschland GmbH - 141,467 100.00% 141,467 Sun Goal Limited - 275,367 100.00% 275,367 SYI - 6,024,838 100.00% 6,024,838 SYIT - 128,538 100.00% 128,538 5,339 9,970 19.94% 244,719 8,861 33,926 7.62% 33,926 - - 10,000 - % 10,000 - - 20,000 - % 20,000 4.20% 5.20% 6.20% 7.20% () () () () () $ (8,346,223) (35) % 8 90 628,743 35 % (1,358,381) (6) % 1 90 - - % SYIT (286,351) (1) % 120 23,417 1 % (381,158) (2) % 3060 160,284 9 % (224,724) (1) % 180 92,537 5 % VMEP (546,015) (2) % 45 153,289 8 % (201,993) (1) % 45 4%~20% 43,416 2 % SYDE (123,884) (1) % 120 24,560 1 % 1,235,591 7 % 80% 45 (66,839) (6) % 913,260 5 % 45 (128,356) (12) % - 179 - 183. () () () () () () 620,803 4 % 45 (138,632) (12) % 314,212 2 % (18,437) (2) % 223,333 1 % (27,142) (2) % 135,856 1 % (14,667) (1) % 127,259 1 % 40% 30 (3,334) - % 8.20% $ 628,743 20.89 - - 628,743 - 160,284 4.36 - - 89,048 - VMEP 153,289 3.83 - - - - () 9.() () 1.... 16054 643,889 643,889 60,000 100.00% 1,885,987 (41,396) (41,396) " 18 158,745 158,745 14,976 89.39% 184,609 15,874 14,190 " 16054 29,000 29,000 2,900 100.00% 34,357 4,870 4,870 " 16054 - 76,225 - - % - 5,645 24 " 16054 833,136 833,136 109,507 89.58% 1,413,310 301,693 268,360 " 1 437 6,501 6,501 1,369 19.85% 22,288 38,280 7,598 " 1968 114,778 114,778 11,205 62.26% 134,544 11,527 7,679 " 16054 22,635 69,714 1,500 25.00% 24,367 2,152 525 " 16054 35,178 35,178 4,436 16.27% 55,931 39,036 6,351 " 16054 530,267 530,267 59,070 94.73% 740,795 52,149 49,024 " Profit Source Investment Ltd. Offshore Chambers, P.O. Box 217, Apia, Samoa USD 25,877 USD 25,877 - 100.00% 2,068,812 USD 12,410 367,183 " Sanyang Deutschland GmbH Starkeburgstr. 12 D-64546 Moerfelden-Walldorf, Germany EUR 3,000 EUR 3,000 - 100.00% 141,467 EUR 42 1,619 " Sun Goal Limited Offshore Chambers,P.O. BOX217,Apia,Samoa USD 10,000 USD 10,000 - 100.00% 275,367 USD (383) (11,316) " SYI Offshore Chambers,P.O. BOX217,Apia,Samoa USD 112,328 USD 112,328 - 100.00% 6,024,838 USD (4,244) (125,399) " SYIT Via Vittor Pisani 2720124 Milano Italy EUR 4,000 EUR 4,000 - 100.00% 128,538 EUR (382) (14,558) 16054 750 750 75 0.50% 1,358 5,645 - 180 - 184. () 16054 3,600 3,600 360 6.00% 7,440 2,152 1 437 24,228 24,228 4,834 70.05% 78,654 38,280 " " 16054 91,926 91,926 16,763 61.46% 211,282 39,036 " " 211 6,120 6,120 612 51.00% 6,667 2,115 " " 16054 15,000 15,000 1,500 100.00% 15,527 76 " " NAN YANG HOLDING CO., LTD Equity Trust Chambers., P.O. Box 3269, Apia, Samoa 423,487 379,631 - 100.00% 378,945 USD (785) " NOVA LLC 86,500 86,500 - 42.30% 112,191 15,053 " " 16054 3,000 3,000 300 5.00% 4,873 2,152 " 16054 4,385 4,385 669 65.00% 8,459 2,033 " 1316 157,000 157,000 9,750 50.00% 147,263 874 " " 355 33,200 33,200 9,020 40.00% 240,100 34,773 " " 16054 19,680 19,680 5,760 21.12% 72,605 39,036 " " 65 56,840 56,840 5,150 64.38% 135,558 46,247 " " 16054 816 816 60 1.00% 975 2,152 " " 16054 25,995 30,000 2,600 17.33% 42,134 5,645 " " 1968 65,134 65,134 5,415 30.08% 65,829 11,527 " " 18 24,638 24,638 1,675 10.00% 20,994 15,874 " " 168 5,100 5,100 510 68.92% 5,957 873 " " NOVA LLC 113,002 113,002 - 57.70% 153,036 8,685 " " 5481 96,000 96,000 9,600 29.29% 71,031 (43,456) " Profit Source Investment Ltd.(Samoa) CHONG HING INTERNATI ONAL LIMITED AKARA BULDING, 24 DE CASTRO STREET, WICKHAMS CAY I, ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS USD 25,878 USD 25,878 - 100.00% USD 71,280 USD 12,410 " SYI Billion Ally Ltd. Offshore Chambers,P.O. BOX217,Apia,Samoa USD 3,957 US