淘帝公開發行說明書2013

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證券代號 : 2929 淘帝國際控股有限公司 TOPBI International Holdings Limited 公開說明書 (股票初次申請第一上市用稿本) 一、公司名稱:TOPBI International Holdings Limited (淘帝國際控股有限公司) 二、註冊地:英屬開曼群島 三、公開說明書編印目的:股票初次申請第一上市。 ()發行新股來源:現金增資。 ()已發行股份種類︰記名式普通股,每股面額新台幣壹拾元整。 ()已發行股份股數:45,000 仟股。 ()已發行股份金額︰新台幣 450,000 仟元整。 ()發行條件:全額發行。 ()公開承銷比例:依法擬以現金增資發行新股 7,800 仟股(14.77%暫定),全數辦理公開 承銷。 ()承銷及配售方式:委由證券承銷商辦理上市前公開銷售。 四、本公司為外國企業在臺以新臺幣掛牌公司。 五、本次資金運用計劃之用途及預計可能產生效益之概要:請參閱公開說明書第 64 頁。 六、初次申請股票為上市買賣相關費用,應包括之項目如下: ()承銷費用包括輔導費用及承銷手續費為新台幣 1,680 萬元。 ()上市審查費新台幣 50 萬元。 ()其他費用(包括會計師、律師及印刷等其他費用)約新台幣 2,300 萬元。 七、本公開說明書,適用於初次申請有價證券上市,並計劃以現金增資發行新股委託證券 承銷商辦理上市前之公開銷售。 八、初次上市承銷案件,掛牌後首五個交易日應無漲跌幅限制,投資人應注意交易之風險。 九、本次現金增資所發行之股票,為因應證券市場價格之變動,證券承銷商必要時得依規 定進行安定操作。 十、有價證券之生效(核准),不得藉以作為證實申報()事項或保證證券價值之宣傳。 十一、本公開說明書之內容如有虛偽或隱匿之情事者,應由發行人及其負責人與其他曾在 十一、公開說明書上簽名或蓋章者依法負責。 十二、投資人應詳閱本公開說明書之內容,並應注意本公司之風險事項:請參閱本公開說 十一、明書第 3 頁至第 18 頁。 十三、本公司於掛牌上市年度及其後二個會計年度內,繼續委任主辦證券承銷商協助本公 十一、司遵循中華民國證券法令、臺灣證券交易所章則暨公告事項及上市契約。 十四、查詢本公開說明書之網址:公開資訊觀測站 http://mops.twse.com.tw 淘帝國際控股有限公司編製 西元 一三 日刋印

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  • 1. : 2929TOPBI International Holdings Limited()TOPBI International Holdings Limited ()()()()45,000 ()450,000 ()()7,800 (14.77%)()64 ()1,680 ()50 ()()2,300 ()()3 18 http://mops.twse.com.tw

2. ()TOPBI International Holdings Limited()http://www.topbi.cn/Scotia Centre,4thFloor,P.O.Box2804,George Town,Grand CaymanKY1-1112 Cayman Islands(86)591-8825-0592()Topbi Children Apparel Co., Limited()http://www.topbi.cn/Unit 3 10/F Wing On Plaza 62 Mody RdTST,KL(86)591-8825-0592() http://www.topbi.cn/ (8 6 )591-8825-0592 http://www.topbi.cn/756 (86)591-8825-0592() (86)591-8825-0273 [email protected]() (86)591-8825-0572 [email protected] (86)591-8825-0273 [email protected] 10 3 TOPBI International Holdings Limited 450,000 10 45,000:% USD 49,991 0.00 USD 49,999 0.332013 2 8 129.604 10 2013 28 NTD 1,480,200 0.33 NTD448,519,800 99.67 NTD450,000,000 100.00()()()(http://mops.twse.com.tw) 3. 101 4 http://www.capital.com.tw (02)8789-8888 3 10 http://www.chinatrustsec.com.tw (02)8780-8867 http://www.capital.com.tw2 97 B2 (02)-2702-3999 http://www.deloitte.com.tw156 12 (02)2545-9988 http://www.bakermckenzie.com168 15 (02)2712-6151 WALKERS www.walkersglobal.comSuite 1501-1507, Alexandra House, 18 Chater Road, Central, Hong Kong (852)2596-3335 http://www.dentons.com 1 32 3201 (852)2523-1819 www.trendlaw.com 152 28 (86)591-8785-0803 4. 1.(57 )2.(52 )17.77% - 25.56%2012 1,344 22.53%2017 3,692 2012 1.57%1.(53 )2.(53 )2013 3 31 860 (94 )() 5. Scotia Centre,4thFloor,P.O.Box 2804,George Town,Grand Cayman KY1-1112 Cayman Islands(86) 591-8825-0592450,000,000 2012 10 3 http://www.topbi.cn/- - - - (02)2703-5000 www.capital.com.tw2 97 B2(02)8789-8888 www.capital.com.tw101 4 (02)8780-8867 http://www.chinatrustsec.com.tw3 10 (02)2545-9988 www.deloitte.com.tw 156 12 (02) 2712-6151 www.bakermckenzie.com 168 15 2013 3 8 ()55.00%2013 6 30 () 10%2013 6 30 1 0.00% 2 0.00% 0.00% 0.00% 0.00% 10% TopwealthInternational HoldingsLimited48.00%10% Super WiseInternational HoldingsLimited10.00% 10% Green FortuneInternational HoldingsLimited11.00%10% Smart InvestmentInternational HoldingsLimited10.70% 10% Green FashionInternational HoldingsLimited10.00% 756 (86) 591-8825-0592 100%() 37 3 (2012)2,790,074 8.21 79 553,265 64 15%2013 7 4 1100%Topwealth International Holdings Limited 48%2100%Huaxu International Holdings Limited 7% 6. 1 1() 1() 1() 2() 2() 3 3() 3() 18() 18() 18 19() 19() 21() 22() 24() 27() 28()() 31 31() 31() 31() 32() 34() 34() 35() 35() 35() 35 35 35 7. 35 35 36 36 37 37() 37() 37() 47() 55() 56() 56() 57()() 57 58() 58() 58() 58 58() 58() 59() 59() 59 59 64 64 64() 64() 64() 64() 8. . 64()() 64() 64() 64() 64() 65() 66 69 69 70 70() 70() 72() 72() 74() 77 78 79 79() 79() 80() 80() 81() 81() 81 82 82() 82() 82() 82() 82 82 82 9. 82 82 83 83 83 83 83 83() 83() 83() 85() 87() 89() 92() 93() 93() 93 93 93 93 93 93 93 93 93 94 94 94 10. 94() 94() 94 95 95() 95() 95() 95 95 11. 100%Topbi Children Apparel Co., Limited()1()TOPBI International Holdings Limited ()2012 10 3 Topbi Children Apparel Co., Limited()()1~16 20 14 3 ()2013 3 31 TOPBI International Holdings Limited(Cayman)()()100%()75%25% 12. () (1) (2) 210%Topwealth International Holdings Limited BVI100%: 10%Super Wise International Holdings Limited BVI100%: 10%Green Fortune International Holdings Limited BVI100%: 10%Smart Investment International Holdings Limited BVI100%: 10%Green Fashion International Holdings Limited BVI100%: (2) 1100%Topwealth International Holdings Limited 48%2100%Huaxu International Holdings Limited 7%()1.TOPBI International HoldingsLimited(Cayman)Scotia Centre,4thFloor,P.O.Box2804,George Town,Grand CaymanKY1-1112 Cayman Islands(86)591-8825-05922.(1)Topbi Children Apparel Co., LimitedUnit 3 10/F Wing On Plaza 62 ModyRd TST,KL(86)591-8825-0592(2)() (86)591-8825-0592 13. 3756 (86)591-8825-0592() 2004 2 2005 9 ()2007 10 TOPBI2007 12 2010 3 2011 2 2011 12 2012 10 2012 10 100%2012 11 2012 12 2013 5 ()1.Topbi Children Apparel Co., Limited()()2 (1)(2)142.(1) 14. 4A.268 640 (George Town)(Oridinary Company)(Ordinary No-Resident Company)(Exempted Company)(Exempted Limited Duration Company) (ForeignCompany)""(Mutual Legal Assistance Treaty)(Exempted Company)B.(A)(B)(C)2013 2 8 (D) 15. (E)(F)(G)(H)(I)30 (J)(K)Bank()Trust()MutualFund()Insurance()Royal(Imperial(Empire() Assurance( ) Building Society( Reinsurance()C.5(A)(B)CommonLaw 16. 12liquidated sum345D.E.(A)(B)F.(A)6 17. (B)(C):(D)7(2)A.263 1984 1997 7 1 10,000 ()42 () 18. (18 )B.:(A)(B)(C)(D)8(E)C.(A)(B)(C)(D)(common law)(i) (ii) ()()(iii))(3)()A.2013 2 22 2010 (GDP)40 1,513 2009 10.4% 19. 2011 GDP 47 3,1042010 9.3%2010 10.4%2012GDP 51 9,322 2011 7.8%18 7.5%7~8%GDP 2 15%32(5.08 )1978 1978 9 20. B.10(A)1978 1994 2005 7 21 (B)2008 1 1 30% 3%15% 21. 2007 3 16 2007 12 6 2008 1 1 ()25%25% 0%~17%2008 1 1 25%11(C)2008 1 1 ()2008 22. 2008 1 1 12(D)()2010 12 1 2011 2 1 ()(E)a.30 1999 1 22 23. b.30 20 1999 4 3 2010 10 28 2011 7 11 13(F) 24. (G)()14(H)10%(50%)10%C. 25. 3.15(1)2012 2011 961 833 0.03%0.04%(2)2012 2011 0 370 0.00%0.08%(3)(CPI)2.1%3.2%4.5. 26. 2012 2011 1.56%1.83%6.7.8.9.10.1611.(1) 27. 2011 2012 20 2 10%(2)2011 2012 10%2013 20 12.2012 10 (TOPBI International Holdings Limited)Topbi Children Apparel Co., Limited()Topbi Children Apparel Co., Limited(())100%()100%2012 12 Topwealth International Holdings Limited Super Wise International HoldingsLimitedForward International Holding LimitedGreen Fortune International HoldingsLimitedSmart Investment International Holdings LimitedGreen Fashion InternationalHoldings Limited Huaxu International Holdings Limited Topweath International Holdings Limited (TopweathInternational Holdings Limited )13.1714.(1)54~55 28. (2)(3)(4)(5) 18()1.2.3.()() 29. 19()1.()2. 30. 20 31. 21()1.(1 )2. Topbi Children Apparel Co.,Limited100%100% 10,000 RMB202,249 ()100%100% (1) USD6,780 100%100% (1) RMB63,080 1 32. 22()2013 6 30 % 1 2012.01 (1 2006.06 2013.03 () 2013.04 2012.03 33. 23 1 2004.02 2007.01 2004.02 1100%Huaxu International Holdings Limited 7% 34. 24()()1.()2013 6 30 2013.3.8 2013.3.81 1 1 1 - - - -- - - 2013.3.8 2013.3.82 2 2 2 - - - -- - - 2013.3.8 2013.3.8- - - - - - - -- - - 2013.3.8 2013.3.8- - - - - - - -- - - 2013.5.23 2013.5.23- - - - - - - -- - - - 2013.5.23 2013.5.23- - - - - - - -- - - 35. 25 () 2013.5.23 2013.5.23- - - - - - - -- - -1100%Topwealth International Holdings Limited 2013.6.17 51%48%2100%Huaxu International Holdings Limited 2013.6.17 4%7%3EthanJ. W. Tzou 2013 5 23 36. 26(1) Topwealth International Holdings Limited (100%)Huaxu International Holdings Limited (100%)Super Wise International Holdings Limited (100%)Green Fortune International Holdings Limited (100%)Smart Investment International Holdings Limited (100%)Green Fashion International Holding Limited (100%)Forward International Holding Limited (100%)(2) 2.1 2 3 4 5 6 7 8 9 10 - - - - - - -1 2 ()3 4 5 6 37. 277 8 9 30 10 27 () 38. 28()1.(1)() AB CD ABCDEF G (A)(B)(C)(D)(E)(F)(G)(H) - 6,015 - 1.63% 2013 39. 29(A+B+C+D) (A+B+C+D+E+F+G)IJ2,000,000 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 7 7 (2)(3) (A) (B)(C)(D)ABC D 1,658 0.45% 40. (E)2,000,000 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 1 30(4)2. (1)2011 2012 % % % % 5,590 1.85 6,015 1.63 3,370 1.121,658 0.45 302,163 100 369,623 100 41. (2)30.24.2.22012()3 1()2013 6 30 () 45,000,000 55,000,000 100,000,000 -()1./ 2012 10 USD1 1 USD1 1 USD1 1 -2012 12 USD1 50,000 USD50,000 50,000 USD50,000 - 42. 3 2 2013 2 NTD10 100,000,000NTD1,000,000,000148,020 NTD1,480,200129.604 10 -2013 2 NTD10 100,000,000NTD1,000,000,00045,000,000NTD450,000,000NTD448,519,800 -2.()1.2013 6 30 7 7() 45,000,000 45,000,000(%) 100.00% 100.00%20.3%2.2013 6 30 1 999 1,000 5,000 5,001 10,000 10,001 15,000 15,001 20,000 20,001 30,000 30,001 50,000 50,001 100,000 100,001 200,000 200,001 400,000 400,001 600,000 600,001 800,000 800,001 1,000,000 1,000,001 7 45,000,000 100.00% 7 45,000,000 100.00%3.2013 6 30 Topwealth International Holdings Limited() 21,600,000 48%Green Fortune International Holdings Limited() 4,950,000 11%Smart Investment International Holdings Limited() 4,815,000 10.7%Super Wise International Holdings Limited() 4,500,000 10%Green Fashion International Holdings Limited() 4,500,000 10%Huaxu International Holdings Limited() 3,150,000 7% 43. 4.3 35.(1) 2011 20122013 - - 49,999 - (50,000) -Topwealth International HoldingsLimited- - - - 21,600,000 -Super Wise International HoldingsLimited- - - - 4,500,000 -Green Fortune InternationalHoldings Limited- - - - 4,950,000 -Smart Investment InternationalHoldings Limited- - - - 4,815,000 -Green Fashion InternationalHoldings Limited,- - - - 4,500,000 -Huaxu International HoldingsLimited(2)- - - - 3,150,000 -12100%Huaxu International Holdings Limited(2) 12 () 2013.1.7TopwealthInternationalHoldings Limited100%25,500 HKD 1 2013.1.7Super WiseInternationalHoldings Limited5,000RMB22million 2013.1.7ForwardInternationalHolding Limited 1,650RMB7.26million 2013.1.7Green FortuneInternationalHoldings Limited,5,500HKD29.88million 2013.1.7Smart InvestmentInternationalHoldings Limited5,350HKD29.06million 2013.1.7Green FashionInternationalHoldings Limited5,000HKD27.16million 44. 3 4 12 () 2013.1.7HuaxuInternationalHoldings Limited100%2,000RMB8.8millionTopwealthInternationalHoldingsLimited 2013.6.16HuaxuInternationalHoldings Limited100%1,350,000RMB7.2million12(3)6. () 2011 2012 2013 3 31 14.02 21.76 24.48 1 14.02 21.76 24.48 45,000 45,000 45,000 2 6.71 8.21 2.00 - - -- - - -- - - -3 - - - 4 5 6 1 2 3 4 5 6()1. 45. (1)(2)()(3)(10%)(4)(5)(1)(4)(2%)3 5(6)(1)(4)(10%)(/)(7)(1)(6)/(1)(6) (20%) (10%)2.()()()1. ()2.3.4.5.()() 46. 3 6 47. 2011 2012 2,158,275 92.01 2,740,615 98.23 187,391 7.99 49,459 1.77 2,345,666 100.00 2,790,074 100.003 7()100%()1.(1)(2)%(3)() T (4)2.(1)A.2006 () 48. 11.9-12.41,6002012 135,404 2011 664 2012 1,635 12.12011 0.2 2012 14 2.2 16.46%()3 8 2005 2006 2007 2008 2009 2010 2011 2012 130,760 131,450 132,130 132,800 133,450 134,100 134,740 135,4040-14 26,500 25,960 25,660 25,170 24,660 22,260 22,160 22,28715-64 94,200 95,070 95,830 96,680 97,500 99,940 100,280 100,40365 10,060 10,420 10,640 10,960 11,310 11,890 12,290 12,714() 12.4 12.1 12.1 12.1 12.0 11.9 11.9 12.12005-2011 2011 2012 2012 B.421 4-2-1()Frost & Sullivan 2012120063,83520106,19812.8%201520103482006-201017.6% 49. Frost & Sullivan, 2012C.20062010GDP11.2%200820102013-20172009654.42012952.4GDP2009-2012GDP3 911.90%15.30%9.40%12.80%9.20% 10.40% 9.20% 7.80%20.00%15.00%10.00%5.00%0.00%2009201020112012GDPRespect Marketing Research, 2012 50. D.20082012201121,810201014.13%201224,565201112.63%2008-20122008-201218.33% 17.15%156,998183,919()2008 2009 2010 2011 20124 017,17515,78121,81019,10924,5656,9775,9195,1534,7617,91720122011201020092008(), 20122008-20122008114,8302012210,30717.61%(2015-2022)14.35%210,30715.54%132,67822.70%114,830250,000200,000150,000100,00050,0000, 201225.00%20.00%15.00%10.00%5.00%0.00%2008-2012 51. 4 1E.201151.27%60%80%2012201150%2008-201249.68% 51.27% 52.57%45.70% 46.60%16141210864202008 2009 2010 2011 201254.00%52.00%50.00%48.00%46.00%44.00%42.00%, 201262013-20182009201220122,911201243.57% 52. 2008-20124 21,3672,9112,5222,0171,65315.42%25.04%22.02%20.92%24.05%3,5003,0002,5002,0001,5001,00050002008 2009 2010 2011 201230.00%25.00%20.00%15.00%10.00%5.00%0.00%Respect Marketing Research, 2012201243.57%24.70%31.73%Respect Marketing Research, 20122013-201820151,4002012-201612% 53. 4 3(2) (3)A201020114.3% 2012 1-84.05%0.53%1362%41%24%B 54. 4 4C(4) 3-14 0-16 3-14 3-15 0-15 ( ) 0-15 2-12 3-16 3-15 55. 4 53.(1)(2)%/ 2010 2011 2012 2013 33 45 51 52 12 6 2 5 0 0 1 6 - - - - 45 51 52 51() 0 0 1.89 10.53() 2.30 3.02 3.81 4.14 - - - - - - - - 5 6 6 8() 40 45 46 43 45 51 52 51 56. 4 6(3)2010 2011 2012 2013 24,717 42,828 43,417 15,237 1,486,299 2,345,666 2,790,074 665,187 1.66% 1.83% 1.56% 2.29%122013(4) 2008 2011 (5)ABC(6)(7)A(A): (B): (C): B(A): TOPBI() 57. (B): TOPBI()(C): 4 7()1.(1)()() 2011 2012 2,345,666 100.00% 2,790,074 100.00%14 3 (2)60%2008 58. 2011 1,102 20111.86%2011 5.13 0.47%2012 1,344 2012 1.57%2012 5.95 0.44%4 8(3)(Global Insight Inc., GI)2012 12 2013 2.6%2013 2016 3.5%2013 8.0%2012 11 2020 2020 GDP 2010 2013 2016 8.2%GDP 2009 2012 7.8%9.6%2009 2010-2012 2012 2013-2016 2013 -1.9 3.3 2.5 3.5 2.6 -3.6 1.9 1.3 2.0 1.1 -3.1 2.1 2.2 2.7 1.9 -4.3 1.1 -0.2 1.2 0.1 -5.5 2.1 2.0 1.4 0.0() 1.7 6.1 4.4 5.6 4.9 5.4 7.3 5.7 6.8 6.1 9.2 9.1 7.7 8.2 8.0 7.1 7.2 5.1 7.2 5.8 -0.6 4.6 1.8 3.8 2.7 1.2 5.7 5.8 5.4 5.1 -2.1 4.6 2.7 4.1 3.5 -0.3 3.8 1.0 4.2 3.3 -3.3 4.2 2.7 3.8 2.7 59. 2009 2010-2012 2012 2013-2016 2013 -7.8 4.1 3.6 3.8 3.4(The Economist)Global Insight Inc., Global Insights Comparative World Overview, Dec. 2012(102 105 )1970-19804-2-135.5%22.4%19.2%2013-20172010200930%20124 922.40%12.20%19.20%10.70%35.50%, 2012 60. 5 0(4)A.20082008-20092009 20103201211B.3-161001601978201120092.3202047%33%35%C.pH14801D. 61. 5 1(5) A.1970-80 2012142.216.46%1970-801,100CEIC 2012 B.1949 () 2011 3 62. C.1979302197920020104,0003,000201212203015,0002030GDP1995-201048.6%2011-201556.0%2026-203066%5 2D.E.200820122012A.17.77% - 25.56%20121,34422.53%20173,69220121.57% 63. (A) (B) (TOPBI)(C) 5 3B.201333186035%10%55%C.(A) (B) 64. 5 4D.2.(1)(2)3.4.20102011201020112010 2011 2012 39.83% 39.31% -1.31% 38.94% -0.94% 29.36% 39.63% 34.98% 39.48% -0.38%2010~20125.(1) 10%2011 2012 2013 3 31 1 184,550 12.84% 243,893 14.49% 104,801 24.15% 2 173,241 12.05% 238,355 14.16% 55,471 12.78% 3 157,747 10.97% 179,482 10.66% 48,077 11.08% 922,210 64.14% 1,021,440 60.69% 225,535 51.99% 1,437,748 100.00% 1,683,170 100.00% 433,884 100.00% 10%(2) 10% 65. 2011201210%5 52011 2012 2013 3 31 1 271,696 11.58% 299,390 10.73% 2 251,164 10.71% 1,822,806 77.71% 2,490,684 89.27% 665,187 100.00% 2,345,666 100.00% 2,790,074 100.00% 665,187 100.00% 2011201210%2011201210%201110%6.7./ 2011 2012 () () 7,520 2,158,275 9,842 2,740,615 933 187,391 179 49,459 8,453 2,345,666 10,021 2,790,074 20122011() 2011 2012 2013 25 26 26 156 165 169 - - - 181 191 195 32.31 32.98 33.32 2.51 3.15 3.39 - - - 1 1 1 24 34 37( ) 156 156 157 66. 5 6 181 191 195()1.2.3.4. 5.()1.(1)A.B.C.D.E.F.G.H.I.J.(2) 67. A. B.C.SA8000 5 7(3)(4)(5)2.()2011GDP()() 68. 5 8()1.(2013.3.31) 40,864.48()2012/1/13 723,285 - 712,871 V V V 2.(2013.3.31)23,115.552012/1/13 255,679 - 249,471 249,471 ()1.2. 500 ()()% 2013 3 31 ( 2 0 1 2 ) Topbi Children ApparelCo., Limited() 972.009 1,106,689 10,000100%1,106,689 - 377,893 -() 202,214 904,125 -100%904,125 - 314,911 - 303,163 1,201,488 -100%1,201,488 - 419,899 - 69. 5 9()2013 3 31 / Topbi Children Apparel Co.,Limited()10,000 100% - - 10,000 100%() - 100% - - - 100% - 100% - - - 100%()() UBS 2013.2.7 300 2012.3.1~2015.2.285126.6 RMB102,532 2012.2.7 2009.1.1~2013.12.31950 RMB15,200 2013.5.30~2014.5.29RMB9,4002013.6.22~2014.6.21RMB2,400 2013 2012.10.22 2013 2013 2012.10.302013 70. 6 0 2012.7.1~2013.6.302013.1.4 2014 2013.6.302013.6.302002.3.6TOPBI2013.1.4TOPBI2012.12.01~2013.11.30 2013.01.01~2013.12.31 C 2013.01.01~2013.12.31 2013.01.01~2013.12.31 B 2013.01.01~2013.12.31 D 2013.01.01~2013.12.31 A 2013.01.01~2013.12.31 2013.01.01~2013.12.31 2013.01.01~2013.12.31 ()2013.03.01~2013.12.31()2013.03.01~2014.02.28() 2013.03.01~ 71. 6 1 2014.02.282013.03.01~2014.02.282013.03.01~2014.02.28 E 2013.03.01~2014.02.28()2013.03.01~2014.02.28 F 2013.03.01~2014.02.28 2013.03.01~2014.02.28 H 2013.04.01~2014.03.31 G 2013.03.01~2014.02.28 2013.03.01~2014.02.28 72. 6 2 ()2010.09.07~2013.09.06 90 2010.09.07~2013.09.0690 2010.09.08~2013.09.0790 2010.09.08~2013.09.0790 2010.09.08~2013.09.0790 2010.09.09~2013.09.0890 2010.09.09~2013.09.0890 2010.09.09~2013.09.0890 2010.09.10~2013.09.0990 2010.09.10~2013.09.0990 2010.09.13~2013.09.1290 2010.09.13~2013.09.1290 2010.09.15~2013.09.1490 2011.09.02~2014.09.0190 2011.09.05~2014.09.0490 2011.09.08~2014.09.0790 2011.09.08~2014.09.0790 2012.08.03~2015.08.0290 2012.08.06~2015.08.0590 2012.08.06~2015.08.0590 2012.08.07~2015.08.0690 73. 6 3 2012.08.10~2015.08.0960 2012.09.12~2015.09.1160 2012.09.13~2015.09.1260 2012.09.14~2015.09.1360 2012.09.14~2015.09.1360 74. 2012 10 3 6 4()1.:436,800 2.:7,800 56 3.: 4.: ():():() :()()():():()1.(1)2013 5 7 2013 5 23 6 15 75. 6 5(2)2013 5 23 (3)2013 2.(1)(2)3.(1)(2)4.7,80045,000 52,80014.77%5.()2013 5 23 2013 6 15 7,800 10 76. 56 436,800 6 6()1.7,800 56 436,800 2. 77. 2013 67 1 2 3 4 5 6 7 8 9 10 11 12 1 224,339 96,129 53,489 80,500 113,970 21,800 55,000 232,260 359,940 474,630 387,550 652,840 224,3392 355,120 260,690 199,280 257,200 180,760 367,430 526,750 296,350 185,020 123,070 250,860 790,120 3,792,650 530 530 720 790 960 1,700 3,280 770 770 770 770 770 12,360 355,650 261,220 200,000 257,990 181,720 369,130 530,030 297,120 185,790 123,840 251,630 790,890 3,805,0103 24,880 4,820 4,820 4,820 4,570 4,330 4,330 4,820 4,820 4,820 4,820 4,820 76,670 288,050 160,120 112,260 111,960 169,750 295,050 261,180 111,650 27,760 157,950 374,980 501,000 2,571,710 48,150 89,080 0 0 0 0 0 0 0 0 0 0 137,230 7,220 0 0 0 0 0 0 0 0 0 0 0 7,220 115,560 49,840 55,909 107,740 99,570 36,550 87,260 52,970 38,520 48,150 43,340 7,220 742,629 483,860 303,860 172,989 224,520 273,890 335,930 352,770 169,440 71,100 210,920 423,140 513,040 3,535,4594 96,300 57,780 72,230 72,230 14,450 14,450 14,450 14,450 14,450 14,450 14,450 14,450 14,4505=3+4 580,160 361,640 245,219 296,750 288,340 350,380 367,220 183,890 85,550 225,370 437,590 527,490 3,549,9096=1+2-5 (171) (4,291) 8,270 41,740 7,350 40,540 217,810 345,510 460,190 373,110 201,610 916,250 479,4407 0 0 0 0 0 0 0 0 0 0 436,800 0 436,8008=1+2-3+7 96,129 53,489 80,500 113,970 21,800 55,000 232,260 359,940 474,630 387,550 652,840 930,690 930,690 78. 2014 68 1 2 3 4 5 6 7 8 9 10 11 12 1 930,690 1,144,690 1,282,990 1,199,990 1,369,690 1,066,290 1,010,690 1,371,490 1,589,990 1,514,990 1,436,190 1,068,890 930,6902 778,200 449,200 234,300 267,100 92,100 553,500 614,600 335,900 151,200 203,600 336,800 1,107,000 5,123,500 800 800 800 800 800 800 800 800 800 800 800 800 9,600 779,000 450,000 235,100 267,900 92,900 554,300 615,400 336,700 152,000 204,400 337,600 1,107,800 5,133,1003 25,600 5,300 5,300 5,300 5,300 5,300 5,300 5,300 5,300 5,300 5,300 5,300 83,900 322,700 168,700 156,300 53,900 323,800 359,600 196,500 88,500 119,100 197,000 647,600 598,200 3,231,900 96,300 89,100 96,300 24,100 48,200 96,300 44,300 13,700 96,300 28,300 46,600 18,300 697,800 4,800 0 0 4,800 0 0 4,800 4,800 0 0 0 0 19,200 115,600 48,600 60,200 10,100 19,000 148,700 3,700 5,900 6,300 52,600 5,400 5,700 481,800 565,000 311,700 318,100 98,200 396,300 609,900 254,600 118,200 227,000 283,200 704,900 627,500 4,514,6004 24,100 24,100 24,100 24,100 24,100 24,100 24,100 24,100 24,100 24,100 24,100 24,100 24,1005=3+4 589,100 335,800 342,200 122,300 420,400 634,000 278,700 142,300 251,100 307,300 729,000 651,600 4,538,7006=1+2-5 1,120,590 1,258,890 1,175,890 1,345,590 1,042,190 986,590 1,347,390 1,565,890 1,490,890 1,412,090 1,044,790 1,525,090 1,525,0907 0 0 0 0 0 0 0 0 0 0 0 0 08=1+2-3+7 1,144,690 1,282,990 1,199,990 1,369,690 1,066,290 1,010,690 1,371,490 1,589,990 1,514,990 1,436,190 1,068,890 1,549,190 1,549,190 79. 3.(1) 90 2013 2014 2012 60-90 2013 2014 2012 69(2) (3) 4. 80. 70()1.-2013 3 31 12010 2011 2012 - - - 1,048,529 - - - 448,462 - - - 271,847 - - - 3,755 - - - 1,772,593 - - - 581,377 - - - 581,377 - - - 89,806 - - - 671,183 - - - 671,183- - - 1,101,410 - - - 450,000 - - - 497,231 - - - 127,128 - - - 127,128 - - - 27,051 - - - - - - - - - - - 1,101,410 - - - 1,101,41012013 81. 1.1 -71 1 2013 3 31 2010 2011 2012 961,768 1,199,163 1,115,318 - 7,293 99,276 141,349 - 35 54,105 265,152 - 888 961 299,282 - 969,984 1,353,505 1,821,101 - 382,815 687,118 765,203 - 382,815 687,118 765,203 - - 35,508 76,653 - 382,815 722,626 841,856 - 382,815 722,626 841,856 - 244,090 38 1,475 - 4 293,266 945,756 - 383,310 302,106 36,963 - 383,310 302,106 36,963 - (40,235) 35,312 (4,949) - 587,169 630,879 979,245 - 587,169 630,879 979,245 -1200820092.- 2013 3 31 1 2010 2011 2012 - - - 665,187 - - - 273,402 - - - 134,745 - - - 1,745 - - - 136,490- - - 136,490 - - - -( ) - - - 90,165- - - 32,000 - - - 122,165- - - 90,165 - - - -- - - 122,165 82. 72 2013 3 31 1 2010 2011 2012 - - - - - - - 2.00120132.- 1 2013 3 31 2010 2011 2012 1,486,299 2,345,666 2,790,074 - 574,728 904,336 1,063,008 - 297,704 452,935 559,746 - (251) 1,435 (6,481) - 297,453 454,370 553,265 -297,453 454,370 553,265 - - - - - 220,969 302,163 369,623 -220,969 302,163 369,623 -120082009()()1. 2008 (1) (1) (1)2009 (1) (1) (1)2010 (2)2011 (2)2012 (2)1200820092 83. 2.3.73 84. 74()-132013 3 31 2010 2011 2012 - - - 37.86- - - 245.60 - - - 180.35 - - - 150.30 - - - 27,299 - - - 3.36 - - - 109 - - - 20.53 - - - 3.26 - - - 18- - - 9.02 - - - 1.48 - - - 20.07 - - - 34.67 - - - 119.77 - - - 121.32 - - - 13.55 - - - 2.00 - - - (2) - - - - - - - (2) - - - 1.12 - - - 1.001201323 1. 2. 1. 2. 3. 1. ()()2. 3653. 85. 4. ()()5. 3656. 7. 75 1. 2. 3. 4. 1. 2. ()3. ()() 1. ()2. ()-132013 3 31 2010 2011 2012 39.47 53.39 46.23 -8,051.13 635.48 692.79 - 251.24 174.52 145.75 - 236.50 163.60 133.16 - -(2) -(2) -(2) - 3.23 3.10 3.16 - 113 118 116 - 20.27 22.53 27.50 - 3.40 3.21 3.22 - 18 16 13 -188.16 44.02 23.19 - 2.04 2.02 1.76 - 30.39 26.01 23.29 - 45.04 49.61 45.91 - 121.96 1,191,934.21 37,948.88 - 121.86 1,195,710.53 37,509.49 - 14.87 12.88 13.25 - 4.91 6.71 8.21 - 86. 76132013 3 31 2010 2011 2012 44.49 27.58 70.33 - - - - - 28.70 30.55 66.81 - 1.09 1.13 1.14 - 1.00 1.00 1.00 -201.2. 3.2012 4.2012 1200820092010~20122201020123 1. 2. 1. 2. 3. 1. ()()2. 3653. 4. ()()5. 3656. 7. 1. 2. 3. 4. 1. 2. ()3. ()() 87. 77 1. ()2. ()()2011 2012 (1)(1)(2) 149,828 11 224,339 12 74,511 502012 2011 974,321 72 792,105 44 (182,216) (19)2012 73,946 6 51,659 3 (22,287) (30)2012 1,068 0 44,736 2 43,668 4,0892012 0 0 139,405 8 139,405 -90,120 6 0 0 (90,120) (100) 0 0 265,152 15 265,152 -54,090 4 0 0 (54,090) (100)- 0 0 54,284 3 54,284 -2012 - 0 0 244,765 13 244,765 -2012 578,264 43 495,332 27 (82,932) (14)2012 90 60 23 0 135,715 8 135,692 589,965-35,508 2 76,187 4 40,679 115 293,366 22 945,756 52 652,390 2222011 302,163 22 36,963 2 (265,200) (88) 88. 782011 2012 (1)(1)(2)2011 35,312 3 (4,949) 0 (40,261) (114) 2,345,666 100 2,790,074 100 444,408 192012 1,441,330 62 1,727,066 62 285,736 202012 904,336 38 1,063,008 38 158,672 182012 55,033 2 90,298 3 35,265 642012 452,935 19 559,746 20 106,811 242012 454,370 19 553,265 20 98,895 22 152,207 6 183,642 7 31,435 21 302,163 13 369,623 13 67,460 221%2%100%()()()()2011 96 126 2012 127 156 2012 10 3 12 31 157 185 2013 186 233 ()() 89. 79()()()()()%2011 2012 1,199,163 1,115,318 (83,845) -6.99% - - - - 99,276 141,349 42,073 42.38% 54,105 265,152 211,047 390.07% 961 299,282 298,321 31042.77% 1,353,505 1,821,101 467,596 34.55% 687,118 765,203 78,085 11.36% - - - - 35,508 76,653 41,145 115.88% 722,626 841,856 119,230 16.50% 38 1,475 1,437 3781.58% 595,529 982,719 387,190 65.02% 35,312 (4,949) (40,261) -114.02% 630,879 979,245 348,366 55.22%(10%1%)1.2.3.2012 4.5.6.2012 7.2012 8.2012 9.10.2012 90. 80()1.%2011 2012 2,345,666 2,790,074 444,408 18.95% - - - - 2,345,666 2,790,074 444,408 18.95% 1,441,330 1,727,066 285,736 19.82% 904,336 1,063,008 158,672 17.55%- - - -() 904,336 1,063,008 158,672 17.55% 451,401 503,262 51,861 11.49% 452,935 559,746 106,811 23.58% 1,975 6,461 4,486 227.14% 540 12,942 12,402 2296.67% 454,370 553,265 98,895 21.77% 152,207 183,642 31,435 20.65% 302,163 369,623 67,460 22.33%(10%1%)1.2012 2.2012 3.20123.2012 4.2012 5.2012 2.()1.(2012 )%2011 2012 () () 189,523 538,191 348,668 183.97% 72,898 (451,459) (524,357) -719.30% (322,065) 3,379 325,444 -101.05%1.2012 2.3.2011 91. 2.(2013 )2013()1.2.()811.2. 2012 419,8992012 3.() 92. 82() 234 241 2010 2011 ()()242 ()243 244 245 93. 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()51.2010 2011 2012 2013 (%) 39.47 53.39 46.23 37.86 49.28 53.14 54.99 55.16F-25.70 49.05 12.48 12.34F-44.19 34.27 30.83 40.29 65.24 64.40 - -(%) 251.24 174.52 145.75 180.35 204.46 156.68 144.14 175.36F-580.42 247.29 788.10 798.12F-192.11 253.37 287.58 387.27 183.70 145.80 - - 236.50 163.60 133.16 150.30 70.88 58.50 57.61 71.81F-559.82 238.75 767.30 772.17F-98.71 143.40 162.81 256.59 79.00 93.60 - -() 3.23 3.10 3.16 3.36 9.10 9.08 7.83 8.99F-5.91 3.29 3.29 4.02F-11.40 8.43 7.69 8.12 7.80 7.20 - - 20.27 22.53 27.50 20.53 1.80 1.69 1.69 1.93F-27.56 25.84 25.52 23.22F-2.68 1.56 1.58 1.57 1.80 3.30 - -2010~20122013201339.47%53.39%46.23%37.86%201120102011201081.23% 363. 2012201320119132,780(28,493)2013201020112013251.24%174.52%145.75%180.35%236.50%163.60%133.16%150.30%2011201020122011201192012132,780(28,493)2013F-F-2010201120133.233.103.163.361131181161099912201157.82%64.27%201120102012201118.95%16.73%20131-60302012F-F-201320.2722.536 364. 27.5020.53181613182013VIP2013F-F-F-20102011201372.2010 2011 2012 2013 (%) 30.39 26.01 23.29 20.07 7.89 6.07 3.35 2.90F-34.47 26.85 23.86 17.74F-14.08 12.91 13.03 11.54 3.4 5.9 - -(%) 45.04 49.61 45.91 34.67 11.65 8.83 4.81 5.59F-42.69 44.11 33.86 20.26F-27.14 20.56 19.18 17.49 6.80 22.90 - -(%) 121.96 1,191,934.21 37,948.88 119.77 23.25 19.17 12.37 12.06F-85.55 95.89 99.17 92.65F-165.42 62.72 60.46 57.56 - - - -(%) 121.86 1,195,710.53 37,509.49 121.32 25.55 19.90 11.29 12.35 365. 82010 2011 2012 2013 F-84.41 95.96 97.99 93.32F-41.06 63.56 62.21 60.13 - - - -(%) 14.87 12.88 13.25 13.55 4.86 3.66 2.06 1.97F-20.02 19.49 20.40 17.37F-7.12 9.40 10.06 7.95 2.30 3.80 - -() 4.91 6.71 8.21 2.00 1.80 1.38 0.77 0.20F-6.75 7.51 8.84 1.56F-3.53 3.78 4.17 1.00 - - - -2010~20122013201330.39%26.01%23.29%20.07%2011201020112011383,521201020122011467,566201220112013201248,5092012201320.07%2013F-F-201345.04%49.61%45.91%34.67%2011201036.74%2012 20132013 366. 2013121.96%1,191,934.21%37,948.88%119.77%121.86%1,195,710.53%37,509.49%121.32%201032011BA2011201052.14%52.75%2010244,09020113820112011201220121,475201220112013282013331450,00020132010F- 2013 14.87%12.88%13.25%13.55%4.91 6.718.21 2.00 2011 57.82%2011 2010 2011 2011 2010 2012 2011 2012 2011 2013 2013 2012 2013 F-20102011 2010 2012F-20139 367. 103.F-F-201338.91 13.33 23.42 20.52201349.29 13.61 27.40 21.47201358.78 12.91 35.89 20.37 8.99 13.28 28.90 20.79 56 8.19 ()()()56 368. 11()()()()15%()8,800 8,000 (92)223 23,000 31,800 ()502,320 6.33%2012 369,623 8.60%()7,800 45,000 17.33%14.50%()1.(1) 369. 122009~2012(2)17.77% - 25.56%20121,34422.53%20173,69220121.57%A. B. (TOPBI)C. (3) 370. A. B. 13(4)(5) A. B. C. 371. 142.(1) 3.(1)(2)()(3) 372. () 2012 10 3 151.(1)268 640 (George Town)(Oridinary Company)(Ordinary No-Resident Company)(Exempted Company)(Exempted Limited Duration Company) (ForeignCompany)""(Mutual Legal Assistance Treaty) (Exempted Company)(2) A. B. C. 2012 8 23 373. D. E. F. G. H. I. 30 J. K. Bank( ) Trust( ) MutualFund()Insurance()Royal(Imperial(Empire() Assurance( ) Building Society( Reinsurance()(3)A.16 374. B.CommonLaw12liquidated sum34517(4)(5)A.B. 375. (6)A.B.C.:D.182.(1)2631984199771 376. 10,000()42 () (18 )(2):A. B. C. D. 19E. (3)A. B. C. D. (common law)(i) (ii) ()()(iii))3.() 377. (1)20132222010(GDP)401,513200910.4%2011GDP473,10420109.3%201010.4%2012GDP519,32220117.8%187.5%7~8%GDP2 15%32(5.08)1978 1978 20 378. (2)A.1978 1994 20057 21 B.2008 1 1 30% 3%15%21 379. 2007 3 16 2007 12 6 2008 1 1 ()25%25% 0%~17%2008 1 1 25%200825%22C.2008 1 1 () 2008 380. 2008 1 1 D.()2010 12 1 2011 2 1 ()E.23(A)30 381. 1999122(B)3020199943201010282011711F.24 382. G.()H. 10%(50%)10%(3)25 383. 26() 384. 27 2012 10 3 ()2004 20 14 3 2013 3 31 860 2010 3 20135 201211 ()1 2006 ()11.9-12.41,6002012 135,404 2011 664 2012 1,635 12.12011 0.2 2012 14 2.2 16.46%() 2005 2006 2007 2008 2009 2010 2011 2012 130,760 131,450 132,130 132,800 133,450 134,100 134,740 135,4040-14 26,500 25,960 25,660 25,170 24,660 22,260 22,160 22,28715-64 94,200 95,070 95,830 96,680 97,500 99,940 100,280 100,40365 10,060 10,420 10,640 10,960 11,310 11,890 12,290 12,714() 12.4 12.1 12.1 12.1 12.0 11.9 11.9 12.12005-2011 2011 2012 2012 385. 24214-2-1 ()Frost & Sullivan 2012 1 2006 3,835 2010 6,198 12.8%2015 2010 348 2006 -2010 17.6%Frost & Sullivan, 201232006 2010 GDP 11.2%2008 20102013-2017 2009 654.4 2012 952.4 GDP 28 386. 2009-2012GDP2911.90%15.30%9.40%12.80%9.20% 10.40% 9.20% 7.80%20.00%15.00%10.00%5.00%0.00%2009201020112012GDP,20134 2008 2012 2011 21,810 201014.13%2012 24,565 201112.63%2008-201217,17515,78121,81019,10924,5656,9775,9195,1534,7617,91720122011201020092008(), 20132008 -2012 2008 114,830 2012 210,307 17.61% 387. (2015 -2022 )2008-201230210,307156,998132,678()114,830183,91922.70%15.54%18.33% 17.15%14.35%250,000200,000150,000100,00050,00002008 2009 2010 2011 201225.00%20.00%15.00%10.00%5.00%0.00%2008-2012, 201352011 51.27%60%80%2012 2011 50%2008-201249.68% 51.27% 52.57%45.70% 46.60%16141210864202008 2009 2010 2011 201254.00%52.00%50.00%48.00%46.00%44.00%42.00%, 2013 388. 3162013 -2018 2009 2012 2012 2,911 2012 43.57%2008-20121,3672,9112,5222,0171,65325.04% 15.42%20.92% 22.02%24.05%3,5003,0002,5002,0001,5001,00050002008 2009 2010 2011 201230.00%25.00%20.00%15.00%10.00%5.00%0.00%, 2012201243.57%24.70%31.73%, 20122013 -2018 389. 2015 1,400 2012-2016 12%32()2010 70.05%2011 57.82%2012 18.95%() 390. 33()60%+()123 10%2015 1400 2013-2017 23 391. 34() 1(1)(2)(Global Insight Inc., GI)20121220132.6%201320163.5%20138.0% 392. 20121120202020GDP2010201320168.2%GDP200920127.8%9.6%2009 2010-2012 2012 2013-2016 2013-1.9 3.3 2.5 3.5 2.6 -3.6 1.9 1.3 2.0 1.1 -3.1 2.1 2.2 2.7 1.9 -4.3 1.1 -0.2 1.2 0.1 -5.5 2.1 2.0 1.4 0.0() 1.7 6.1 4.4 5.6 4.9 5.4 7.3 5.7 6.8 6.19.2 9.1 7.7 8.2 8.0 7.1 7.2 5.1 7.2 5.8 -0.6 4.6 1.8 3.8 2.7 1.2 5.7 5.8 5.4 5.1 -2.1 4.6 2.7 4.1 3.5 -0.3 3.8 1.0 4.2 3.3 -3.3 4.2 2.7 3.8 2.7 -7.8 4.1 3.6 3.8 3.4(The Economist)Global Insight Inc., Global Insights Comparative World Overview, Dec. 2012(102 105 )1970-19804-2-135.5%22.4%19.2%2013-20172010200930%35 393. 20123622.40%12.20%19.20%10.70%35.50%, 20122(1). 3-14 0-16 3-14 394. 373-15 0-15 () 0-15 2-12 3-16 3-15 B.60%200820111,10220111.86%20115.130.47%20121,34420121.57%20125.950.44% 395. 3 38(1)A.1970-80 2012142.216.46%1970-801,100CEIC 2012 B.1949() 20113 396. C.1979302197920020104,0003,000201212203015,0002030GDP1995-201048.6%2011-201556.0%2026-203066%D.E.20082012201239(2) A.17.77% - 25.56%20121,344 397. 22.53%20173,69220121.57%(A)(B) (TOPBI)(C) 40B.201333186035%10%55%C. 398. (A) (B) D.414(1) 20082008-20092009 20103201211(2) 3-161001601978 399. 201120092.3202047%33%35%42(3) (4) () 12(1) 400. (2)43%/2010 2011 2012 2013 33 45 51 52 12 6 2 5 0 0 1 6 - - - - 45 51 52 51() - - 1.89 10.53() 2.30 3.02 3.81 4.14 - - - - - - - - 5 6 6 8() 40 45 46 43 45 51 52 51(+)/(+)20135119526.15%201020112012 401. 20131.89%10.53%20132.303.023.814.14(3)44%2010 2011 2012 2013 24,717 42,828 43,417 15,237 1,486,299 2,345,666 2,790,074 665,1871.66% 1.83% 1.56% 2.29%2010-201220132010~2011201324,71742,82843,41715,2371.66%1.83%1.56%2.29%201262620127120136302011201020108022011888201120122011201220139-1120132012 402. 45(4) 2008 2011 3452012 6 26 2012 7 1 2013 6 30 30 6(1)20133(2) 403. 4832 46 2 45 1 48 - 30 2 32 2 75 3 80(3)78()()1 404. 2(1)472010 2011 2012 2013 124 164 181 191 46 21 30 25 6 4 20 21 - - - - - - - - 164 181 191 195 2.51 3.15 3.39 3.65 32.31 32.98 33.32 33.03(2)%2010 2011 2012 2013 (%)(%)(%)(%) 26 - - 25 1 3.85 26 8 23.53 26 2 7.14 138 6 4.17 156 3 1.89 165 12 6.78 169 19 10.11 - - - - - - - - - - - - 164 6 3.53 181 4 2.16 191 20 9.48 195 21 9.72=(+)(++)2010~2012201316418119119520136420213.53%2.16%9.48%9.72%2010201120122013182 405. 483.%2010 2011 2012 2013 % % % % - - - - - - - - 1 0.61 1 0.55 1 0.52 1 0.51 21 12.80 24 13.26 34 17.80 37 18.98() 142 86.59 156 86.19 156 81.68 157 80.51 164 100 181 100 191 100 195 1002012 2011 24 34 2013 37 ()1.(1)(2)()() 2(1) 406. (2)492010 2011 2012 2013 ()(A) - (370) - (20)(B) 1,486,299 2,345,666 2,790,074 665,187(C) 297,453 454,370 553,265 136,490(A)/(B) - (0.02)% - -(A)/(C) - (0.08)% - (0.01)%2010~20122013 2013 ()0 (370)0 (20)2010 20114 3006,300 2011 2013 2013 ()0.00%(0.02)%0.00%0.00%()0.00%(0.08)%0.00%(0.01)%(3) 407. 50 408. 5 1()( ) 1.( %) (1) % 2010 2011 2012 2013 % % % %1 206,096 13.87% 271,696 11.58% 299,390 10.73% 62,712 9.43%2 179,699 12.09% 251,164 10.71% 273,086 9.79% () 60,211 9.05%3 B 137,922 9.28% B 191,999 8.19% A 227,690 8.16% F 48,773 7.33%4 D 128,898 8.67% A 179,048 7.63% B 217,541 7.80% A 46,318 6.96%5 C 108,934 7.33% D 164,851 7.03% C 185,201 6.64% B 43,229 6.50%6 99,450 6.69% C 161,999 6.91% D 180,403 6.47% G 42,732 6.42%7 () 96,227 6.47% 132,998 5.67% E 159,929 5.73% E 40,317 6.06%8 75,271 5.06% 128,726 5.49% F 156,104 5.59% D 39,950 6.01%9 72,526 4.88% E 115,982 4.94% G 152,862 5.48% C 37,200 5.59%10 67,878 4.57% F 113,029 4.82% H 147,482 5.29% 37,151 5.59% 313,398 21.09% 634,174 27.03% 790,386 28.32% 206,594 31.06% 1,486,299 100.00% 2,345,666 100.00% 2,790,074 100.00% 665,187 100.00% 409. (2)2010~2012 2013 A.(http://www.fjfzrrs.com)() 2007 11 2007 11 ()2013 87 12 75 2013 206,100 271,702 299,796 62,712 13.87%11.58%10.73%9.43%2013 20112012 2013 2010 69 2013 87 B.() 1998 12 2007 8 () 2013 2 82 25 57 2013 3 2013 179,703 251,169 273,092 60,211 12.09%10.71%9.79%9.05%2013 1,500 2010 41 2013 79 C. BB 2009 7 2007 52 410. 2009 7 B 2013 B 59 24 35 B 2013 137,925 192,003 217,545 43,229 9.28%8.19%7.80%6.50%2013 B 2010 43 2013 59 D. DD 2002 4 2007 8 D 2013 D 5313 40 D 2013 128,901 164,854 180,407 39,950 8.67%7.03%6.47%6.01%2013 D 2010 39 2013 53 E. CC 2006 7 2007 8 2013 C 52 1042 C 2013 108,936 162,003 185,205 37,200 7.33%6.91%6.64%5.59%2013 C C 2010 35 2013 52 F.53 411. 2006 72008 3 2013 46 13 33 2013 72,528 128,728 140,894 31,991 4.88%5.49%5.05%4.81% 2010 2011 2012 2010 35 2013 46 G.2010 8 2009 1 2010 8 2012 2013 96,227 132,998 69,216 0 6.47%5.67%2.48%0% 2010 2011 2010 38 2012H. AA 2011 5 2010 2011 5 A 2013 A 66 20 46 A2013 99,452179,051 227,694 46,318 6.69%7.63%8.16%6.96%2013 A 2010 38 54 412. 2013 66 I. EE 2011 5 2009 ()2011 5 E 2013E 49 16 33 E 2013 67,880115,984 159,932 40,317 4.57%4.94%5.73%6.06%2013 E 2010 26 2013 49 J. FF 2011 5 2009 2011 5 F 2013 F 51 12 39 F 2013 75,273113,032 159,932 48,773 5.06%4.82%5.59%7.33%2013 2011 F2010 26 2013 51 K. GG 2011 11 2009 2011 11 G 2013 G 51 13 38 G2013 61,398107,423 152,865 42,732 4.13%4.58%5.48%6.42%2012 G 55 413. 2010 26 2013 51 L. HH 2011 5 H 2009 4 2011 5 H 2013 H 35 11 24 H2013 56,942109,790 147,482 28,934 3.83%4.68%5.29%4.35%2012 H 2010 20 2013 35 2013 M.2003 4 2009 3 2013 39 11 28 2013 51,892 90,269 106,702 37,151 3.83%4.68%5.29%4.35%2013 2010 19 2013 39 2010~2012 2013 56(3)()()2013 76.91%72.97%71.68%68.94%13.87%11.58%10.73%9.43%14 3 (4) 414. 5734 A.34 B.C.2013 1~3 D. 415. 2. (1) 5 8%2010 2011 2012 2013 1 177,412 19.07% 184,550 12.84% 243,893 14.49% 104,801 24.15%2 126,516 13.60% 173,241 12.05% 238,355 14.16% 55,471 12.78%3 80,520 8.66% 157,747 10.97% 179,482 10.66% 48,077 11.08%4 75,543 8.12% 134,460 9.35% 158,598 9.42% 41,224 9.50%5 71,695 7.71% 111,085 7.73% 127,020 7.55% 35,576 8.20%6 64,023 6.88% 99,923 6.95% 105,371 6.26% 29,150 6.72%7 57,231 6.15% 82,336 5.73% 79,738 4.74% 24,498 5.65%8 53,822 5.79% 69,943 4.86% 74,693 4.44% 14,638 3.37%9 37,865 4.07% 65,759 4.57% 65,677 3.90% 13,680 3.15%10 35,180 3.78% 63,931 4.45% 64,600 3.84% 12,959 2.99% 779,807 83.84% 1,142,975 79.50% 1,337,427 79.46% 380,074 87.59% 150,297 16.16% 294,773 20.50% 345,743 20.54% 53,810 12.41%930,104 100.00% 1,437,748 100.0% 1,683,170 100.0% 433,884 100.00% 416. (2)10%~15%2013 A. () 1995 2007 6 2013 177,412 184,550 238,355 0 19.07%12.84%14.16%0%2010 2011 2012 2012 2012 2012 2011 29.16%2013 2013 B. () 1999 20076 2013 126,516 173,241 179,482 41,224 13.60%12.05%10.66%9.50%2011 2010 36.93%2010 2011 2012 6,241 2013 C. ( http://www.jinkegarments.com/)1996 2008 2010 1 2013 80,520 157,747 243,892 104,8018.66%10.97%14.49%24.15%59 417. 2011 2010 96%2010 2011 2012 2012 2013 D. ()2006 T 2006 7 201375,543 99,923 158,598 12,071 8.12%6.95%9.42%2.78%2011 2012 2011 2012 2013E. ()1991 2008 1 71,695 63,931 29,862 2010 2011 2012 2013 2013 F. ()2001 2010 1 2013 64,023 134,460 105,371 55,471 6.88%9.35%6.26%12.78%2011 2010 2011 2012 201360 418. G. ()2005 2009 1 2013 57,231 65,759 64,600 29,150 2013 2013 H. ()2006 2006 12 2013 53,822 69,943 65,677 35,576 2013 I. ()2002 2009 1 2013 37,865 53,929 79,738 12,959 2011 2010 2012 2012 2013 J. ()2004 2005 5 T 2013 35,180 23,293 29,252 9,370 20102011 2011 K. () 2003 2011 1 2011 201261 419. 111,085 74,693 2011 2012 2013 L. ()2003 201012 T 2013499 82,336 127,020 48,077 2010 2011 2012 2012 2013 M.() 2003 201012 T 2013931 35,853 31,748 24,49820102011 2012 2013 N. () 2004 201212 T 2012 2012 2013 1,161 14,638 2013 O. () 2003 2006 8 2013 24,364 37,991 32,224 13,680 62 420. 2013 63(3)2010 2,691 25%(4) 421. ()1.2.(1)642010 2011 20122013 1,486,299 2,345,666 2,790,074 665,187 538,955 974,321 792,105 793,011 538,955 974,321 792,105 793,011(%) 36.26 41.54 28.39 119.22() 3.23 3.10 3.16 3.36() 113 118 116 1092010~2012 2013 2010~2012 2013 538,955 974,321 792,105 793,011 36.26%41.54%28.39%119.22%2011 2010 435,366 2010 517 2011 750 57.82%9 12 2011 9-12 2010 446,380 90 2011 2010 2012 2011 18.70%2012 2013 793,011 2012 0.11%2013 2012 12 2012 3 2013 3.23 3.10 3.16 3.36 113 118 116 109 422. 3 90 2013 (2)65A. 30 0% 31 60 1% 61 120 3% 121 365 10% 366 100%:B.:2010 2011 2012 2013 (A) 538,955 974,321 792,105 793,011(B) (B)/ (A) 2010~2012 2013 20133538,955974,321792,105793,011302013903030201320133 423. 2010 2011 2012 201366(3)2013 3 31 %2013 3 31 2013 6 21 793,011 671,928 84.73% 121,083 2013 3 31 793,011 2013 621 671,928 121,083 (4) 1,486,299 2,345,666 2,790,074 665,187 6,801,410 7,793,293 8,439,440 2,512,028F-3,369,721 3,852,832 4,522,552 1,086,273F-804,998 1,116,388 1,254,291 380,113 538,955 974,321 792,105 793,011 731,478 985,277 1,169,942 1,062,114F-1,144,846 741,876 1,601,368 1,017,861F-116,210 148,528 177,562 196,686 - - - - 11,295 5,179 11,608 4579F-- - - -F-198 2 - 149(%) 0.00% 0.00% 0.00% 0.00% 1.54% 0.53% 0.99% 0.43%F-0.00% 0.00% 0.00% 0.00%F-0.17% 0.00% 0.00% 0.08% 3.23 3.1 3.16 3.36 9.1 9.08 7.83 4.49F-5.91 3.29 3.29 2.01F-11.4 8.43 7.69 4.06 113 118 116 109 40 40 47 81F-62 111 111 182F-32 43 47 901.(http://newmops.tse.com.tw/)2.2010~2012 2013 2013 3 F- 424. 90 2013 113 118 116109 2013 F-F-90 F- 2010 2011 2012 2013 1,486,299 2,345,666 2,790,074 665,187 911,571 1,441,330 1,727,066 391,785 53,979 73,946 51,659 101,037:6 7()()1.: 53,979 73,946 51,659 101,037() 20.27 22.53 27.50 20.53() 18.01 16.20 13.27 17.782010~2012 2013 10%~15%2013 53,979 73,946 51,659101,037 2011 2010 19,967 36.99%2011 517 750 2012 2011 2012 22,287 20133 2012 425. 2013 3 4~5 2013 20.27 22.53 27.50 20.53 18.01 16.20 13.27 17.78 2011 2010 2011 2011 58%2011 2011 2010 2012 2012 16 13 20132012 2013 13 18 682010 2011 2012 2013 53,979 73,946 51,659 101,037 2,142,253 2,960,933 2,715,739 2,601,244F-69,615 123,442 105,387 138,489F-264,108 356,445 330,046 358,233() 20.27 22.53 27.50 20.53 1.79 1.69 1.69 1.93F-27.55 25.83 25.52 23.22F-2.68 1.55 1.57 1.57() 18.01 16.20 13.27 17.78 203.91 215.98 215.98 189.12F-13.25 14.13 14.30 15.72F-136.19 235.48 232.48 232.48 2013 F-F-F-F- 426. 2010 ~2012 2013 F-F-2013 F- 2013 2.(1)A.0%B.20%C.50%D.100%2013(2)69:2010201120122013(A) (B) 53,979 73,946 51,659 101,037(A)/(B) 2010~2012 2013 2013 427. 1 2011 1 2012 2013 7 03.:2010 2011 2012 2013 (A) 24,303 21,761 18,348 1,832F- F-3,691 3,103 3,478 617(B) 53,979 73,946 51,659 101,037 2,166,556 2,982,694 2,734,087 2,601,244F-69,615 123,442 105,387 138,489F-267,211 360,064 333,524 358,233(A)/(B)(%) 1.12 0.73 0.67 0.70F- F-1.38 0.86 1.04 0.172010~2012 2013 2013 F-F-2013 428. 71() 2010 2011 2012 2012 2013 1,486,299 2,345,666 57.82% 2,790,074 18.95% 637,386 665,187 4.36%F-3,369,721 3,852,832 14.34% 4,522,552 17.38% 935,972 1,086,273 16.06%F-804,998 1,116,388 38.68% 1,254,291 12.35% 367,594 380,113 3.41% 6,843,050 7,842,335 14.60% 8,491,218 8.27% 2,624,688 2,512,028 -4.29% 574,728 904,336 57.35% 1,063,008 17.55% 243,250 273,402 12.40%F-1,237,515 1,358,639 9.79% 1,602,628 17.96% 329,146 378,275 14.93%F-413,552 628,555 51.99% 706,831 12.45% 232,061 243,151 4.78% 3,057,156 3,446,273 12.73% 3,618,647 5.00% 1,303,774 1,226,194 -5.95% 297,704 452,935 52.14% 559,746 23.58% 95,398 134,745 41.25%F-855,495 965,217 12.83% 1,199,687 24.29% 235,688 280,202 18.89%F-106,771 156,792 46.85% 182,818 16.60% 45,615 43,511 -4.61% 421,867 389,410 -7.69% 261,452 -32.86% 128,822 63,688 -50.56%()1-16F-F-F-F-2010~201220131. 2013 1,486,299 2,345,666 2,790,074 665,187 2011 2010 57.82% GDP 2004 TOPBI 2011 20112010 383 533 2010 134 217 429. 2011 2011 57.82%2012 2011 18.95%2012 2011 533 558 2011 217 247 2013 4.36%27,801 2010~2012 2011 2012 2013 F-2004 2013 2.722010 2011 2012 2013 38.67% 38.55% 38.10% 41.10%F-36.72% 35.26% 35.44% 34.82%F-51.37% 56.30% 56.35% 63.97% 44.68% 43.94% 42.62% 48.81% 2013 574,728 904,3361,063,008 273,402 38.67%38.55%38.10%41.10%(0.3)%(1.18%)7.70%2011 2010 57.35%2011 2010 2012 2012 2011 13.56%2011 38%2013 41.10%2013 2010 2011 2012 2013 F-F-F-2013 3. 430. 732010 2011 2012 2013 20.03% 19.31% 20.06% 20.26%F-25.39% 25.05% 26.53% 25.79%F-13.26% 14.04% 14.58% 11.45% 6.16% 4.97% 3.08% 2.54% 2013 297,704 452,935548,952 134,745 20.03%19.31%20.06%20.26%20%2011 19.31% 2010 2011 2012 F-() 3-16 1.2010 2011 2012 2013 % % % % 1,340,567 90.19% 2,158,275 92.01% 2,740,615 98.23% 665,187.00100.00% 145,732 9.81% 187,391 7.99% 49,459 1.77% 1,486,299 100.00% 2,345,666 100.00% 2,790,074 100.00% 665,187.00100.00%2.2010 2011 2012 2013 % % % % 808,391 88.68% 1,326,742 92.05% 1,696,715 98.24% 386,812.00100.00% 103,180 11.32% 114,588 7.95% 30,351 1.76% 911,571 100.00% 1,441,330 100.00% 1,727,066 100.00% 386,812.00100.00% 431. 3.742010 2011 2012 2013 % % % % 532,176 92.60% 831,533 91.95% 1,043,900 98.20% 386,812.00100.00% 42,552 7.40% 72,803 8.05% 19,108 1.80% 574,728 100.00% 904,336 100.00% 1,063,008 100.00% 386,812.00100.00%4.2013 (1)T POLO T 20131,340,567 2,158,275 2,740,615 665,187 90.19%92.01%98.23%100.00%2011 2012 233 750 2011 2010 61%20113~5 2010 225,550 2011 9~11 2010 402,906 2012 2011 26.982012 55 20132013 808,391 1,326,742 1,696,715 386,812 532,176831,533 1,043,900 278,375 39.70%38.53%38.09%41.10%2011 2012 64.12%27.88%2011 2011 2012 2013 38%2013 432. 75(2)145,732187,391 49,459 9.81%7.99%1.77%2011 2010 2011 2012 2013 103,180 114,588 30,351 42,552 72,803 19,108 29.20%38.85%38.63%2011 2012 20122013 ()%2010 2011 2012 2012 2013 1,486,299 2,345,666 2,790,074 637,386 665,187 859,367 444,408 60,056(%) 57.82% 18.95% 9.92%(%) 38.67% 38.55% 38.10% 38.16% 41.10%(%) -0.30% -1.18% 7.70%2013 2011 20%1. 2010 2011 259.54 286.96 156.51 176.40 5,165,166 7,521,288 39.70% 38.53% 175.19 201.00 124.03 122.91 433. 2010 2011 831,867 932,304 29.20% 38.85%762. 2010 ~2011 (Q'-Q)P 611,508(P'-P)Q 141,606(P'-P)(Q'-Q) 64,594P'Q'-PQ 817,708(Q'-Q)P 368,753(P-P)Q 102,735(P'-P)(Q'-Q) 46,863P'Q'-PQ 518,351299,357 (Q'-Q)P 17,595(P'-P)Q 21,471(P'-P)(Q'-Q) 2,593P'Q'-PQ 41,659(Q'-Q)P 12,458(P-P)Q (937)(P'-P)(Q'-Q) (113)P'Q'-PQ 11,408 30,251PQPQ(1)A.2011 2010 817,708 5,165 7,521 45.61% 611,508 20112010 259.54 2011 286.96 141,606 64,594 434. 7 7B.2011 2010 518,351 5,165 7,521 45.61% 368,753 2011 2010 156.51 2011 176.40 102,735 46,863 (2)A.2011 2010 41,659 832 932 12.02% 17,595 2011 2010175.19 2011 201.00 21,471 2,593 B.2011 2010 11,408 832 932 12.02% 12,458 2011 26.56 26.91 937 113 2011 57.82% 435. 7 8()3-16100160F-F-F-G-AppleE.TF-PiyopiyoAbby() /2010 2011 2012 2013 (%) 39.47 53.39 46.23 37.86 49.28 53.14 54.99 55.16F-25.70 49.05 12.48 12.34F-44.19 34.27 30.83 40.29 65.24 64.40 - -(%) 8,051.13 635.48 692.79 245.60 244.97 197.78 171.19 165.92F-1,842.54 2,831.79 5,806.17 6,496.13F-447.19 653.64 764.98 789.15 787.40 217.86 - -(%) 251.24 174.52 145.75 180.35 204.46 156.68 144.14 175.36F-580.42 247.29 788.10 798.12F-192.11 253.37 287.58 387.27 183.70 145.80 - -(%) 236.50 163.60 133.16 150.30 70.88 58.50 57.61 71.81F-559.82 238.75 767.30 772.17F-98.71 143.40 162.81 256.59 79.00 93.60 - - 436. /2010 2011 2012 2013 79() - - - 27,299 24.02 27.39 3.45 3.25F-90.28 43.84 270.10 -F-56.07 71.94 173.56 43.05 350.60 736.80 - -() 1 3.23 3.10 3.16 3.36 9.10 9.08 7.83 8.99F-5.91 3.29 3.29 4.02F-11.40 8.43 7.69 8.12 7.80 7.20 - -() 1 20.27 22.53 27.50 20.53 1.80 1.69 1.69 1.93F-27.56 25.84 25.52 23.22F-2.68 1.56 1.58 1.57 1.80 3.30 - -() 1 188.16 44.02 23.19 9.02 5.38 4.53 3.84 4.18F-36.03 49.05 64.55 71.66F-10.42 11.95 13.25 16.38 14.80 5.40 - -() 1 2.04 2.02 1.76 1.48 1.26 1.17 1.07 1.25F-1.63 1.05 1.17 1.02F-1.92 1.35 1.29 1.40 0.90 1.30 - -(%) 1 30.39 26.01 23.29 20.07 7.89 6.07 3.35 2.90F-34.47 26.85 23.86 17.74F-14.08 12.91 13.03 11.54 3.4 5.9 - -(%) 1 45.04 49.61 45.91 34.67 11.65 8.83 4.81 5.59F-42.69 44.11 33.86 20.26F-27.14 20.56 19.18 17.49 6.80 22.90 - -(%) 121.96 1,191,934.21 37,948.88 119.77 23.25 19.17 12.37 12.06F-85.55 95.89 99.17 92.65 437. /2010 2011 2012 2013 F-165.42 62.72 60.46 57.56 - - - -80(%) 121.86 1,195,710.53 37,509.49 121.32 25.55 19.90 11.29 12.35F-84.41 95.96 97.99 93.32F-41.06 63.56 62.21 60.13 - - - -(%) 14.87 12.88 13.25 13.55 4.86 3.66 2.06 1.97F-20.02 19.49 20.40 17.37F-7.12 9.40 10.06 7.95 2.30 3.80 - -() 4.91 6.71 8.21 2.00 1.80 1.38 0.77 0.20F-6.75 7.51 8.84 1.56F-3.53 3.78 4.17 1.00 - - - -(%) 44.49 27.58 70.33 3 35.19 3 8.11 28.73F-152.10 16.96 240.42 234.81F-18.52 8.76 43.23 61.36 3 16.10 - -(%) 2 2 2 2 60.43 37.36 34.82 5F- 4 4 112.14 5F-47.41 32.05 59.08 5 - - - -(%) 28.70 30.55 66.81 3 12.04 3 1.71 12.42F- 3 10.78 5.25 32.39F- 3 0.50 5.37 16.89 3 17.80 - -1.2011 2012 2013 2013 F- 438. 2.2012 12010 2009 22012 10 3 2011 81 3 4F-2008 52013 62013 (IFRS)(1)/(+)/(2)/(--)//(3)////(4)////(-)/(5)//(++)(-)/(+++) 439. ()821.2013 39.47%53.39%46.23%37.86%2011 2010 2011 2010 81.23%2012 2013 2011 9 132,780 (28,493 )2013 2010 2011 2013 8,051.13%635.48%692.79%245.60%2011 2010 2011 9 91,983 2012 20112013 IFRSs -307,113 2013 2012 F-F-2010 2011 2010 100% 2013 2.2013 251.24%174.52%145.75%180.35%236.50%163.60%133.16%150.30%2011 20102012 2011 2011 440. 9 2012 132,780 (28,493 )2013 F-F-2010 2011 2013 5,268 2013 3 31 0.85%27,299833.2013 3.23 3.10 3.16 3.36 113 118116 109 9 9 12 2011 57.82%64.27%2011 2010 2012 201118.95%16.73%2013 1-60 30 2012 F-F-2013 20.27 22.53 27.50 20.53 18 16 13 18 2013 VIP 441. 2013 F-F-F-2010 2011 2013 188.1644.02 23.19 9.02 2011 2012 2011 92011 90,120 2012139,405 2013 2012 IFRSs -F-F-2010 2011 2013 2.04 2.02 1.76 1.48 2012 2012 18.95%74,511 139,405 2013 2013 2013 2013 2013 844.2013 30.39%26.01%23.29%20.07%2011 2010 2011 2011 383,5212010 2012 2011 467,5662012 2011 2013 2012 48,509 442. 2012 2013 20.07%2013 F-F-2013 45.04%49.61%45.91%34.67%2011 2010 36.74%2012 2013 2013 2013 121.96%1,191,934.21%37,948.88%119.77%121.86%1,195,710.53%37,509.49%121.32%2010 3 2011 B A 2011 2010 52.14%52.75%2010244,090 2011 38 2011 2011 2012 2012 1,475 2012 2011 2013 28 2013 3 31 450,000 2013 2010 F-2013 14.87%12.88%13.25%13.55%4.91 6.71 8.21 2.00 2011 57.82%2011 2010 2011 2011 20102012 2011 2012 2011 85 443. 2013 20132012 2013 F-2010 2011 2010 2012 F-2013 865.44.49%27.58%70.33%2011 2010 2012 2011 139,405 24,548 2011 2012 2011 348,668 2012 2013 2010 2012F- 2012 10 3 2011 2013 28.70%30.55%66.81%201120122012 2012 2011 2013 444. 8 7 445. ()()2012 2 15 2013 5 7 2013 5 23 2013 88()2013 2011 9 756 10 2011 12 3130,000 2012 6 30 10%2012 12 31 60%20132 28 2012 1 150,465 20121 2 2011 12 31 144,210 (30,000)90,120 54,090 2013 2 2011 8 26 2013 2 ()2012 2 15 2013 5 72013 5 23 446. 2013 89/ 2010 () 37,961 168,566 37,959 168,557() 9,904 43,980 9,904 43,9802011 () 37,959 182,469 () 9,904 47,611 2012 2013 2010~2012 2013 2008 50,000 15,000 2007 12 3 2007 12 11 2007 12 21 2011 4 ()2012 2 15 2013 5 7 2013 5 23 2013 2013 ()2012 2 15 2013 5 7 2013 5 23 447. 201390 2011 75610723,285(RMB 150,465) 2010~2012 2013 20118 26 (756 )2013 2 448. ()()20%()1.TOPBI International Holdings Limited91TOPBI International Holdings Limited()(:2012 10 3 )100%(:2011 2 9 )100%()(:2005 9 5 )75%(:2004 2 24 )25% 449. TOPBI International Holdings Limited()()()()()100%20133319 2 2013 2012 HKD 1972,009(RMB202,249)10,000 100% 1,106,689 10,000 100%2011 -202,214(USD6,780)- 100% 904,125 - 100%2011 -76,079(RMB15,830)- 25% 300,372 - 25%2011 -227,084(RMB47,250)- 75% 901,116 - 75%2013 450. 932.20042()()2005()()20112()20113100%25%75%201210TOPBI International Holding Limited()100%(1)2011 2 9 10,000 49,999 100%100%2013 3 31 100%(2) 2005 2011 3 1 678 100%()225 75%20133 31 100%(3)2004 2 12 25%75%300 451. 2011 3 1 75%25%2011 4 11 6,000 1,500 4,500 2013 3 31 100%943.(1)A.B.C.D.(2)A.B.C.20%D.(3)A.15 452. B.5 10 C.12 D.(4)A.B.C.D.E.F.4.9520122013 () () - $377,893 - $ 95,361 - $314,911 - $ 79,467 $2,790,074 $419,899 $665,187 $ 105,95920122013 453. 2012 2013 (1) 2011 2 92012 2013 2012 2013 377,893 95,3612005 9 5 2012 2013 2012 2013 314,911 79,467 (2)2012 2013 2,790,074 665,187 419,899 105,95996 454. 5. 201020112012201397 2011201220131201122320113302010RMB79,9531 - -302,163(2) - - 377,893 - - 95,361 - -RMB35,491(2)- - 251,815 - - 314,911 - - 79,467 - -RMB11,832(2)RMB19,988(3)- 83,922 - - 104,975 - - 26,490 - - RMB35,495(2)RMB59,965(3)- 251,768 - - 314,924 - - 79,469 - - 455. (1)982010 (2)2011 3 30 2010 RMB 79,953 (NTD 376,940 )6.7.()()5.()20%20% 456. 99 457. 10 0()()()()152012112013201320133314,078,094(19,599)2013531201211 458. 10 1()()() 1.(1)72 (2)72 1 2.(1)Special Resolution 459. (Supermajority Resolution)1 (2)51 31 (a)(b) 32 (a)(h)9 33 (a)(b)157 51 10 2 460. 10 33.(1)(2)31 c51 1 4.(1)14 4(2)14 414 4 118 461. 10 4 462. 10 5()1. (1) 1. Topwealth InternationalHoldings Limited2. 3. ()4. 1. 50% Topwealth InternationalHoldings Limited 2. 2012 2013 100%()(2) 1. 2. ()1. 463. 3. ()10 632. 3. 4. 5. 2012 2013 6. 2012 2013 (3) 2013 TopwealthInternational Holdings Limited 2012 2013 TopwealthInternational Holdings Limited 464. 10 72. (1) (2)1.2.3.4.5.6.7.8.9.10.2013 10 (3)1.2.()3.1. 2013 Topwealth InternationalHoldings Limited2. 2012 2013 465. 10 8100%()Topwealth International HoldingsLimited()14 ()1.3100%11 1 2 ()3 1 Topwealth International HoldingsLimited 2 466. 3 4 5 6 7 8 10 99 10 11 ()()3100%(1)Topwealth International Holdings Limited 100%BVI 50%(2) 467. 11 0(3)20135720136302.2012201313.4. 468. 5.()11 1 469. 11 2()() 470. 11 3() () 2010~2012201320108()()20109()2011112203,000(2010)6346 471. 11 4() () 2010~20122013() () 2010~20122013() () 2010 ~2012 2013 2012 2,9652013 5 15 472. 11 5() () () () () () 2010~20122013() () 2010~20122013() 473. 11 6() () () () () () () () 474. 11 7() () 20122013 F-F-%2011 2012 (%) 2,345,666 2,790,074 18.95% 7,842,335 8,491,218 8.27%F-2,702,260 4,522,552 67.36%F-1,116,388 1,254,291 12.35% 452,935 559,746 23.58% 379,565 261,452 -31.12%F-667,559 1,199,687 79.71%F-156,792 182,818 16.60% 454,370 553,265 21.77% 404,404 238,514 -41.02%F-663,942 1,185,383 78.54%F-158,912 188,090 18.36%%2012 2013 (%) 636,868 665,187 4.45% 2,624,688 2,512,028 -4.29%F-935,972 1,086,273 16.06%F-367,594 380,113 3.41% 94,880 134,745 42.02% 128,822 63,688 -50.56%F-235,688 280,202 18.89%F-45,615 43,511 -4.61% 95,605 136,490 42.76% 128,915 65,228 -49.40%F-210,827 282,219 33.86%F-40,207 45,454 13.05%201211. 1. 201220132012201318.95%4.45%23.58%42.02% 475. 11 8F-2. 2. 2012201321.77%42.76%F-3. 3. 1,486,2992,345,6662,790,074297,704452,935548,95257.82%18.95%52.14%21.20%4. 4. 2010~2012297,453454,370553,26552.75%21.77%5. 5. () () 553,265240,000()() () 3-16100160F-F- 476. 11 9F-G-AppleE.TF-PiyopiyoAbby() () () 1. 1. (1) (1)A.()84A. 477. 12 0(2003~2012)B.()(1989~2010)(2010~2012)C.()2004B. C. (2) A. B. C. (2)(3) (3)A. A. 478. 12 1B. B. C. C. D. D. E. E. F. ()()F. ()()G. G. 479. 12 2 ()()()()(4) (4)2. (1)(2)(3)2. 3. 3. 480. 12 3 481. 12 4 ()1. 2. 3. ()A.()84(2003 ~2012)B.()(1989~2010) 482. 12 5 (2010 ~2012)C.()2004()1. 2. 3. ()()()1. 1.2. 2. 483. 12 63. 3.4. 4.5. 5.6. ()()6.()()7. ()()7. 484. 12 7()()()()