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2019年11月19日 星期二

佛山照明(000541)公告正文

粤照明B:2011年半年度报告摘要(英文版)

公告日期:2011-08-17

    English Translation for Reference Only
    Short Form of the Stock: Foshan Electrical & Lighting (A-Share), Yue Electrical & Lighting B (B-Share)
    Stock Code: 000541 (A-Share), 200541(B-Share)
    Announcement No.: 2011-
    Foshan Electrical & Lighting Company Limited
    Summary of Semi-Annual Report 2011
    §1 Important Notes
    1.1 The Board of Directors, the Board of Supervisors as well as directors, supervisors
    and senior management of Foshan Electrical & Lighting Company Limited
    (hereinafter referred to as “the Company”) warrant that this report does not contain
    any false or misleading statements or omit any material facts and will take individual
    and joint responsibility for authenticity, accuracy and completeness of all contents set
    forth herein.
    The Summary of Semi-Annual Report 2011 is abstracted from the full text of
    Semi-Annual Report 2011, which is published on the Internet website
    http://www.cninfo.com.cn in the mean time. Investors are suggested to read the full
    text to understand more details.
    1.2 All other directors than the following ones attended in person the board session
    for reviewing the semi-annual report.
    Reason for not attending
    Name of director      Office title                                              Name of proxy
    the session in person
    Mr.Joerg Thaele        Director        On a business trip          Director Francis Michael Piscitelli
    1.3 The semi-annual financial report of the Company has not been audited by a CPA
    firm.
    1.4 Mr. Zhong Xincai, company principal and concurrently head of the accounting
    work, and Ms. Wang Shuqiong, chief of the Financial Department (accounting
    principal) hereby declare that the financial report enclosed in the semi-annual report is
    true and complete.
    English Translation for Reference Only. Should there be any discrepancy between the
    two versions, the Chinese version shall prevail.
    §2 Company Profile
    2.1 Basic information
    Short form of the stock            Foshan Electrical & Lighting, Yue Electrical & Lighting B
    Stock code                   000541, 200541
    Stock exchange                 Shenzhen Stock Exchange
    Company Secretary                    Securities Affairs Representative
    Name                     Zhou Xiangfeng
    1
    English Translation for Reference Only
    Contact address                 64 Fenjiang North Road, Shancheng
    District, Foshan
    Tel.                   (0757)82966062, 82810239
    Fax                    (0757)82816276
    E-mail                   fsldsh@126.com
    2.2 Financial highlights
    2.2.1 Major accounting data and financial indexes
    Unit: RMB Yuan
    Increase/decrease at the end of this
    At the end of this       At the end of last
    reporting period compared with the
    reporting period              year
    end of last year (%)
    Total assets (Yuan)                          3,102,265,236.42      3,128,547,460.46                                  -0.84%
    Owners’ equity attributable to shareholders of the
    2,627,603,894.11      2,766,913,027.29                                  -5.03%
    listed company (Yuan)
    Share capital (share)                          978,563,745.00         978,563,745.00                                  0.00%
    Net assets per share attributable to shareholders of
    2.69                   2.83                                 -4.95%
    the listed company (Yuan/share)
    Reporting period
    Same period of last
    (From Jan. to Jun.                             Increase/decrease year-on-year (%)
    year
    2011)
    Total operating income (Yuan)                      1,095,319,303.24        824,360,344.65                                  32.87%
    Operating profit (Yuan)                         151,632,304.43         100,391,784.74                                  51.04%
    Total profit (Yuan)                           147,367,757.98          99,393,710.09                                  48.27%
    Net profit attributable to shareholders of the listed
    117,867,457.28          80,817,767.96                                  45.84%
    company (Yuan)
    Net profit attributable to shareholders of the listed
    company after deducting non-recurring gains and               121,278,591.24          77,499,017.69                                  56.49%
    losses (Yuan)
    Basic earnings per share (Yuan/share)                              0.12                   0.08                                 50.00%
    Diluted earnings per share (Yuan/share)                             0.12                   0.08                                 50.00%
    Weighted average ROE (%)                                    4.39%                 3.12%                                  1.27%
    Weighted average ROE after deducting
    4.52%                 2.99%                                  1.53%
    non-recurring gains and losses (%)
    Net cash flows from operating activities (Yuan)               74,468,557.85          75,605,698.73                                  -1.50%
    Net cash flows per share from operating activities
    0.08                   0.08                                 0.00%
    (Yuan/share)
    2.2.2 Items of non-recurring gains and losses
    √Applicable          □Inapplicable
    2
    English Translation for Reference Only
    Unit: RMB Yuan
    Items of non-recurring gains and losses                                  Amount                    Note (if applicable)
    Gains and Losses on disposal of non-current assets                                               -5,125,258.92
    Government subsidies accounted into current income account, except
    for those government subsidies closely related to the Company’s
    710,499.98
    normal operation business, according with state policies, and
    sustainably received by quota or ration
    Gain/loss from change of fair value of transactional asset and
    liabilities, and investment gains from disposal of transactional financial
    14,033.17
    assets and liabilities and sellable financial assets, other than valid
    period value instruments related to the Company’s common businesses
    Capital occupied from non-financial enterprise recorded into current
    165,423.00
    gains and losses
    Other non-operating income and expense except the aforesaid items                                   150,212.49
    Impact on income tax                                                                                686,488.26
    Other gains and losses accorded with definition of non-current gains
    -12,531.94
    and losses
    Total                                                          -3,411,133.96              -
    2.2.3 Difference between PRC GAAP and IFRS
    √Applicable          □Inapplicable
    Unit: RMB Yuan
    Net profit attributable to shareholders of the listed     Owners’ equity attributable to shareholders of the
    company                                              listed company
    Amount in the reporting          Amount in the same
    Closing amount              Opening amount
    period                  period of last year
    According to IFRS                         117,867,457.28               80,817,767.96           2,627,603,894.11            2,766,913,027.29
    According to PRC GAAP                     117,867,457.28               80,817,767.96           2,627,603,894.11            2,766,913,027.29
    Sub-items adjusted according to IFRS and total:
    Total difference between
    0.00                         0.00                       0.00                          0.00
    PRC GAAP and IFRS
    Explanation on difference
    between PRC GAAP and         No difference
    IFRS
    §3 Changes in Share Capital and about Shareholders
    3.1 Statement of change in shares
    √Applicable         □Inapplicable
    Unit: share
    3
    English Translation for Reference Only
    Before the change                       Increase/decrease (+, - )                      After the change
    Turning
    capital
    Proportio                Bonus                                                         Proportio
    Amount                   New shares              reserves      Others     Sub-total    Amount
    n (%)                   shares                                                         n (%)
    into share
    capital
    I. Shares subject to 145,690,41                                                                                    137,286,28
    14.89%                                        -8,404,132 -8,404,132                    14.03%
    trading moratorium                    7                                                                                      5
    1. Shares held by the
    state
    2. Shares held by
    state-owned legal
    entities
    3. Shares held by
    other domestic               4,286,189       0.44%                                                                  4,286,189       0.44%
    investors
    Including: shares
    held by domestic
    3,942,813       0.40%                                                                  3,942,813       0.40%
    non-state-owned
    legal entities
    Shares held by
    domestic natural              343,376        0.04%                                                                   343,376        0.04%
    persons
    4. Shares held by           140,219,81                                                                             131,815,68
    14.33%                                        -8,404,132 -8,404,132                    13.47%
    foreign investors                     7                                                                                      5
    Including: shares
    131,815,68                                                                             131,815,68
    held by foreign legal                       13.47%                                                                                 13.47%
    5                                                                                      5
    entities
    Shares held by
    foreign natural              8,404,132       0.86%                                        -8,404,132 -8,404,132              0      0.00%
    persons
    5. Shares held by
    1,184,411       0.12%                                                                  1,184,411       0.12%
    senior executives
    II. Shares not subject
    832,873,32                                                                             841,277,46
    to                trading                   85.11%                                         8,404,132   8,404,132                   85.97%
    8                                                                                      0
    moratorium
    1.      RMB      ordinary 616,056,42                                                                               616,056,42
    62.96%                                                                                 62.96%
    shares                                3                                                                                      3
    2. Domestically listed 216,816,90                                                                                  225,221,03
    22.16%                                         8,404,132   8,404,132                   23.02%
    foreign shares                        5                                                                                      7
    4
    English Translation for Reference Only
    3. Overseas listed
    foreign shares
    4. Others
    978,563,74                                                                                  978,563,74
    III. Total shares                     100.00%                                                    0             0                100.00%
    5                                                                                         5
    3.2 Number of shares held by the top ten shareholders and the top ten
    shareholders holding shares not subject to trading moratorium
    Unit: share
    Total number of
    165,696
    shareholders
    Particulars about shares held by the top ten shareholders
    Shareholding      Total number of      Shares subject to         Shares pledged or
    Name of shareholder     Nature of shareholder
    ratio (%)        shares held     trading moratorium held           frozen
    OSRAM Holding Co.,
    Foreign corporation (04)              13.47%      131,815,685                 131,815,685                         0
    Ltd.
    Prosperity Lamps and
    Foreign corporation (04)              10.50%      102,751,648                           0                         0
    Components Ltd.
    DBS VICKERS
    (HONG KONG) LTD Foreign corporation (04)                     1.37%         13,405,145                          0                         0
    A/C CLIENTS
    Taifook Securities
    Company
    Foreign corporation (04)              1.12%         10,916,212                          0                         0
    Limited-Account
    Client
    EAST ASIA
    SECURITIES
    Foreign corporation (04)              0.97%          9,527,080                          0                         0
    COMPANY
    LIMITED
    Foreign natural person
    Zhuang Jianyi                                                0.86%          8,404,132                          0                         0
    (05)
    Bank of China-E Fund
    Shenzhen Stock 100     Funds,              wealth
    Transaction            management        products            0.71%          6,938,693                          0                         0
    Open-ended Index       and others (06)
    Fund
    Bank of
    Funds,              wealth
    China-First-Trust
    management        products            0.61%          5,925,152                          0                         0
    Goodquality Life
    and others (06)
    Stock Fund
    5
    English Translation for Reference Only
    Industrial and
    Commercial Bank of
    Funds,               wealth
    China- Rongtong
    management         products            0.56%          5,524,155                        0                   0
    Shenzhen Stock
    and others (06)
    Exchange 100 Index
    Stock Fund
    Guangzhou Prosperity
    Lamps and                General            domestic
    0.50%          4,911,140                        0                   0
    Components Trading       cooperation (02)
    Co., Ltd.
    Particulars about shares held by the top ten shareholders not subject to trading moratorium
    Shares not subject to trading moratorium
    Name of shareholders                                                                        Type of shares
    held
    Prosperity Lamps and Components Ltd.                                               102,751,648 RMB ordinary share
    DBS VICKERS (HONG KONG) LTD A/C
    13,405,145 Domestically listed foreign share
    CLIENTS_
    Taifook Securities Company Limited-Account
    10,916,212 Domestically listed foreign share
    Client_
    EAST ASIA SECURITIES COMPANY
    9,527,080 Domestically listed foreign share
    LIMITED_
    Zhuang Jianyi                                                                         8,404,132 Domestically listed foreign share
    Bank of China-E Fund Shenzhen Stock 100
    6,938,693 RMB ordinary share
    Transaction Open-ended Index Fund
    Bank of China-First-Trust Goodquality Life
    5,925,152 RMB ordinary share
    Stock Fund
    Industrial and Commercial Bank of China-
    Rongtong Shenzhen Stock Exchange 100 Index                                            5,524,155 RMB ordinary share
    Stock Fund
    Guangzhou Prosperity Lamps and Components
    4,911,140 RMB ordinary share
    Trading Co., Ltd.
    Bank of China-Da Cheng Blue Chip Sustaining
    4,553,267 RMB ordinary share
    Stock Fund
    Explanation on       Among the top ten shareholders of the Company, there exists association relationship between Prosperity
    associated relationship Lamps and Components Limited and Zhuang Jianyi, and they belong to acting-in-concert. Except that, it is
    among the          unknown whether there is any associated relationship among the any other shareholders among the top ten
    above-mentioned       shareholders and among the top ten shareholders not subject to moratorium, or whether there is any
    shareholders or       action-in-concert among them as described by the Administrative Rules on Information Disclosure about
    acting-in-concert     Changing of Shareholding Status.
    3.3 Particulars about change of the controlling shareholder and actual controller
    of the Company
    6
    English Translation for Reference Only
    □Applicable                       √Inapplicable
    §4. Particulars about Directors, Supervisors and Senior Management
    4.1 Particulars about changes in shares held by directors, supervisors and senior
    management
    √Applicable                       □Inapplicable
    Shares       Shares
    Shares held                                                 Of which:     Share options
    increased in decreased in Shares held                                     Reason for
    Name            Office term             at                                                     restricted       held at
    the current   the current at period-end                                    change
    period-begin                                                shares held    period-end
    period        period
    Chairman         of
    Zhong Xincai Board of Directors             876,206                                      876,206        657,153                 0
    & GM
    Vice Chairman of
    Liu Xingming Board of Directors             351,280                                      351,280        263,460                 0
    & Vice GM
    Mr.Joerg
    Thaele (Mr.       Director                                                                                                      0
    Tai Le)
    Francis
    Michael
    Director                                                                                                      0
    Piscitelli (Mr.
    Pan Dali)
    Ye Zaiyou         Director                                                                                                      0
    Independent
    Liu Zhenping                                                                                                                    0
    director
    Independent
    Dou Linping                                                                                                                     0
    director
    Independent
    Zhang Haixia                                                                                                                    0
    Director
    Jiao Zhigang Supervisor                      22,880                                       22,880         17,160                 0
    Ye
    Supervisor                 20,560                                       20,560         15,420                 0
    Zhenghong
    Yang Xudong Supervisor                            3,900                                    3,900          2,925                 0
    Zhuang Rujia Supervisor                                                                                                         0
    Zhang yingqi Supervisor                                                                                                         0
    Xie Qing          Vice GM                    12,950                                       12,950          9,150                 0
    Wei Bin           Vice GM                    15,684                                       15,684         11,763                 0
    7
    English Translation for Reference Only
    Zhao Yong      Vice GM                      8,700                                      8,700           6,525             0
    Zou Jianping Vice GM                                                                                                     0
    Wang
    CFO                       140,013                                    140,013          105,010             0
    Shuqiong
    Zhou           Company
    0
    Xiangfeng      Secretary
    §5 Report of the Board of Directors
    5.1 Main businesses classified by industries or products
    Unit: RMB Ten thousand
    Main businesses classified according to industries
    Year-on-year       Year-on-year      Year-on-year
    Operating                          Gross profit rate increase/decreas increase/decreas increase/decrease
    Industries or products                         Operating cost
    income                                  (%)         e of operating      e of operating   of gross profit
    income (%)           cost (%)           rate (%)
    Lighting appliances and
    107,389.86        80,829.78           24.73%            32.83%             31.34%              0.85%
    lamps
    Main businesses classified according to products
    Lighting appliances and
    107,389.86        80,829.78           24.73%            32.83%             31.34%              0.85%
    lamps
    5.2 Main businesses classified according to regions
    Unit: RMB Ten thousand
    Region                                     Operating income                Year-on-year increase/decrease (%)
    Domestic                                                                                 68,002.82                                39.93%
    Overseas                                                                                 39,387.04                                22.13%
    5.3 Reasons for significant changes in main operations and its structure
    □Applicable          √Inapplicable
    5.4 Reasons for significant changes in profitability of main operations (gross
    profit ratio) than that in the last year
    □Applicable           √Inapplicable
    5.5 Analysis to reasons for significant changes in profit breakdown compared
    with the previous year
    □Applicable          √Inapplicable
    5.6 Utilization of the raised proceeds
    5.6.1 Utilization of the raised proceeds
    □Applicable             √Inapplicable
    5.6.2 Change of projects invested with raised proceeds
    □Applicable             √Inapplicable
    5.7 Business plan revised by the Board of Directors for the second half of the
    8
    English Translation for Reference Only
    year
    □Applicable          √Inapplicable
    5.8 Estimation on accumulative net profit from the beginning of the year to the
    end of next reporting period to be loss probably or the warning of its significant
    change compared with the corresponding period of the last year and explanation
    on reason
    □Applicable          √Inapplicable
    5.9 Explanation of the Management Team on “Non-standard Auditors’ Report”
    from the Certified Public Accountants in the reporting period
    □Applicable          √Inapplicable
    5.10 Explanation of the Board of Directors on changes and solutions of the issues
    involved in “Non-standard Auditors’ Report” from the Certified Public
    Accountants in the last year
    □Applicable                  √Inapplicable
    §6 Significant Events
    6.1 Acquisition and sales of assets and assets restructure
    6.1.1 Assets acquired
    □Applicable            √Inapplicable
    6.1.2 Assets sold
    □Applicable            √Inapplicable
    6.1.3 Progress of these events and its influence on the operating results and
    financial status in the reporting period after the report on assets restructure or
    public notice on acquisition and sales of assets being published
    □Applicable            √Inapplicable
    6.2 Guarantees
    □Applicable            √Inapplicable
    6.3 Credits and liabilities with related parties for non-operating purposes
    □Applicable            √Inapplicable
    6.4 Material lawsuits and arbitrations
    □Applicable          √Inapplicable
    6.5 Other significant events and explanation on analysis to their influences and
    solutions
    □Applicable            √Inapplicable
    6.5.1 Securities investment
    √Applicable            □Inapplicable
    Unit: RMB Yuan
    Number of                        Proportion in
    Serial   Variety of     Code of       Abbr. of    Initial investment                 Closing carrying                   Gain/loss in the
    shares held                        the total
    No.     securities    securities    securities        amount                            amount                         reporting period
    at the                           closing
    9
    English Translation for Reference Only
    period-end                                  securities
    investment
    amount (%)
    Other securities investments held at the period-end             5,000,000.00           -              4,824,336.08               100.00%                      0.00
    Gain/loss on selling securities in the reporting
    -                   -                   -                      -                      13,971.96
    period
    Total                                   5,000,000.00           -              4,824,336.08                    100%               13,971.96
    Explanation on securities investments:
    Other securities investments were wealth management products bought from
    securities traders, which was reviewed and approved at the board session held on 25
    Nov. 2010. The purchase of the said products was in strict compliance with the
    Management Rules for Securities Investment of the Company.
    6.5.2 Equity of other listed companies held by the Company
    √Applicable            □Inapplicable
    Unit: RMB Yuan
    Change of
    Proportion in                      Gain/loss in
    Closing                              owners’
    Initial investment        the                                  the                              Accounting          Stock
    Stock code           Stock abbr.                                                carrying                          equity during
    amount           company’s                         reporting                                 title           source
    amount                            the reporting
    total equity                            period
    period
    Available-for-
    80,992,172.8                           -12,535,654.                       Additional
    601818           Everbright Bank            30,828,816.00           0.06%                                   0.00                      sale financial
    0                                    21                    issue
    assets
    80,992,172.8                           -12,535,654.
    Total                       30,828,816.00           -                                       0.00                               -               -
    0                                    21
    6.5.3 Non-operating capital occupation by principal shareholders and its
    affiliated enterprises and progress of debt repayment
    □Applicable            √Inapplicable
    6.5.4 Implementation of commitments made by the Company, as well as its
    shareholders and actual controller
    Commitments made by the Company, its directors, supervisors, senior executives,
    shareholders with an over 5% shareholding, actual controller and other stakeholders
    during the reporting period, or such commitments carried down into the reporting
    period:
    √Applicable            □Inapplicable
    Commitment
    Commitments                                                        Contents of the commitments                                            Execution
    maker
    OSRAM               Commitments made by OSRAM Holding Company Limited: 1.
    Commitments made in Holding                     No listing or transfer may be taken within 60 months since the Being executed as
    share reforms               Company             date when the shares of the Company held by this company obtain promised
    Limited             the trading right [i] or before Dec. 31, 2011 [ii] (taking the earlier
    10
    English Translation for Reference Only
    date between [i] and [ii]). Osram would submit Shenzhen Stock
    Exchange to lock up the said shares in the course of the
    moratorium of trading right of the aforesaid shares after transfer
    of the shares. 2. Germany OSRAM Company would purchase the
    lamp products from FSL in accordance with the clauses of the
    Purchase Contract on Lamp Products signed between Germany
    OSRAM Company and FSL on Aug. 31, 2004. 3. As required by
    FSL, OSRAM should urge Germany OSRAM Company to
    provide the relevant technology abidance and skill to FSL in
    accordance with the clauses and conditions negotiated between
    FSL and Germany OSRAM Company.
    Commitments made by OSRAM Holding Company Limited and
    Prosperity Lamps and Components Limited: 1. Within four years
    after completion of the share reform and transfer procedure, a
    profit distribution plan would be proposed in the Annual
    Shareholders’ General Meeting of FSL, and the said two
    companies would vote the affirmative votes on the plan, in which
    the proportion of profit distribution would not be less than 65% of
    profit available for distribution realized by FSL in that year. 2. In
    order to maintain stability of FSL’s Management Team, OSRAM
    and Hong Kong Prosperity undertook: they would exercise the
    voting right in the Board session and the Shareholders’ General
    Meeting of FSL after the completion of share transfer to support
    continually Mr. Zhong Xincai to take the post of Chairman of the
    Board, so as to ensure that the existing management team
    remained unchanged basically within three years, but under the
    conditions that the existing management team should not give a
    poorer performance to produce adverse impact on FSL’s business
    performance.
    Commitments made in
    acquisition reports or
    reports on equity
    changes
    Commitments made in
    significant asset
    reorganization
    Commitments made in
    share issuance
    Other commitments
    (including
    supplementary ones)
    6.5.5 Pre-plan of the Board of Directors for profit distribution or turning capital
    reserves into share capital
    11
    English Translation for Reference Only
    □Applicable √Inapplicable
    6.5.6 Items of other comprehensive income
    Unit: RMB Yuan
    Item                               Reporting period            Same period of last year
    1. Profits/(losses) from available-for-sale financial assets               -14,747,828.48
    Less: Effects on income tax from available-for-sale
    -2,212,174.27
    financial assets
    Net amount transferred into profit and loss in the current
    period that was recognized into other comprehensive
    income in prior periods
    Subtotal                                                                   -12,535,654.21
    2. Interests in the investee entities’ other comprehensive
    income as per equity method
    Less: Effects on income tax from the interests in the
    investee entities’ other comprehensive income as per equity
    method
    Net amount transferred into profit and loss in the current
    period that was recognized into other comprehensive
    income in prior periods
    Subtotal
    3. Profits/(losses) from cash flow hedging instrument
    Less: Effects on income tax from cash flow hedging
    instrument
    Net amount transferred into profit and loss in the current
    period that was recognized into other comprehensive
    income in prior period
    The adjustment value that is the converted initial
    recognition amount of arbitrage project
    Subtotal
    4. Translation difference of foreign currency financial
    statements
    Less: Net value of disposal of oversea operations that were
    recognized into current profit and loss
    Subtotal
    5. Other
    Less: Effects on income tax from the others that were
    included into other comprehensive income
    Net amount transferred into profit and loss in the current
    12
    English Translation for Reference Only
    period that was recognized into other comprehensive
    income in prior periods
    Subtotal
    Total                                              -12,535,654.21                               0.00
    6.6 Researches, interviews and visits received during the reporting period
    Main discussion and materials provided
    Time                Place      Way of reception               Visitor
    by the Company
    Production and operation of the
    18 Apr. 2011              The Company    Filed research      Hwabao Securities
    Company
    Production and operation of the
    28 Apr. 2011              The Company    Filed research      Sealand Securities
    Company
    Production and operation of the
    28 Apr. 2011              The Company    Filed research      SWS Research
    Company
    Shenzhen Hengxun
    Production and operation of the
    28 Apr. 2011              The Company    Filed research      Investment Consulting
    Company
    Co., Ltd.
    Production and operation of the
    28 Apr. 2011              The Company    Filed research      Hongyuan Securities
    Company
    Shenzhen Changrun Asset Production and operation of the
    28 Apr. 2011              The Company    Filed research
    Management Co., Ltd.        Company
    Minsheng Royal Fund         Production and operation of the
    28 Apr. 2011              The Company    Filed research
    Management Co., Ltd.        Company
    Guangdong New Value         Production and operation of the
    28 Apr. 2011              The Company    Filed research
    Investment Co., Ltd.        Company
    Production and operation of the
    28 Apr. 2011              The Company    Filed research      GTJA Allianz Funds
    Company
    Production and operation of the
    28 Apr. 2011              The Company    Filed research      Beijing Fuhua Securities
    Company
    Production and operation of the
    28 Apr. 2011              The Company    Filed research      GF Securities
    Company
    Jiangsu Ruihua
    Production and operation of the
    28 Apr. 2011              The Company    Filed research      Investment &
    Company
    Development Co., Ltd.
    Production and operation of the
    28 Apr. 2011              The Company    Filed research      Essence Securities
    Company
    China Nature Asset          Production and operation of the
    28 Apr. 2011              The Company    Filed research
    Management Co., Ltd.        Company
    Shenzhen Shangcheng         Production and operation of the
    28 Apr. 2011              The Company    Filed research
    Asset Management Ltd.       Company
    13
    English Translation for Reference Only
    Shenzhen Goldstone Asset Production and operation of the
    28 Apr. 2011             The Company         Filed research
    Management Ltd.              Company
    Production and operation of the
    28 Apr. 2011             The Company         Filed research     Gao Hua Securities
    Company
    28 Apr. 2011             The Company         Filed research     Founder Securities           Production and operation of the
    Company and operation of the
    Production
    28 Apr. 2011             The Company         Filed research     Hwabao Securities
    Company
    Tian Hong Asset              Production and operation of the
    20 May 2011              The Company         Filed research
    Management Co., Ltd.         Company
    Production and operation of the
    8 Jun. 2011              The Company         Filed research     China Securities Co., Ltd.
    Company
    §7 Financial Report
    7.1 Auditing opinions
    Financial Report          √Un-audited          □Audited
    7.2 Financial statements
    7.2.1 Balance Sheet
    Prepared by Foshan Electrical and Lighting Co., Ltd.           30 Jun. 2011            Unit: RMB Yuan
    Closing balance                                  Opening balance
    Items
    Consolidation         The Company              Consolidation             The Company
    Current Assets:
    Monetary funds                            547,799,984.61           290,544,862.94          711,853,632.95           681,198,634.58
    Settlement reserves
    Intra-group lendings
    Transactional financial assets              4,824,336.08             4,824,336.08           38,287,211.70             5,097,211.70
    Notes receivable                           95,701,617.96            91,132,017.96           79,964,518.10            74,911,048.10
    Accounts receivable                       340,328,640.68           349,636,837.08          317,185,505.67           332,564,283.12
    Accounts paid in advance                  102,272,435.13            87,150,608.45           29,367,891.60            18,230,151.84
    Premiums receivable
    Reinsurance            premiums
    receivable
    Receivable reinsurance contract
    reserves
    Interest receivable
    Dividend receivable                                                14,968,946.03                                     7,228,228.30
    Other accounts receivable                  15,780,890.52            59,511,046.61           20,254,086.70            62,118,207.87
    14
    English Translation for Reference Only
    Financial         assets   purchased
    under agreements to resell
    Inventories                              464,795,681.63     415,736,031.02     365,413,882.78     339,343,349.75
    Non-current assets due within 1
    year
    Other current assets
    Total current assets                      1,571,503,586.61   1,313,504,686.17   1,562,326,729.50   1,520,691,115.26
    Non-current assets:
    Loans        by      mandate     and
    advances granted
    Available-for-sale          financial
    80,992,172.80      80,992,172.80      95,740,001.28      95,740,001.28
    assets
    Held-to-maturity investments
    Long-term accounts receivable
    Long-term equity investment              454,723,766.01     820,200,766.01     443,373,689.60     598,850,689.60
    Investing property
    Fixed assets                             632,893,846.71     542,958,281.19     683,122,864.12     591,335,800.42
    Construction in progress                 123,045,179.20      84,943,988.19     100,914,324.93      72,198,935.48
    Engineering materials
    Disposal of fixed assets
    Production biological assets
    Oil-gas assets
    Intangible assets                        216,775,899.37     199,289,355.18     220,607,352.76     202,020,835.92
    R&D expense
    Goodwill
    Long-term deferred expenses
    Deferred income tax assets                22,330,785.72      22,394,175.90      22,462,498.27      22,323,210.28
    Other non-current assets
    Total of non-current assets               1,530,761,649.81   1,750,778,739.27   1,566,220,730.96   1,582,469,472.98
    Total assets                              3,102,265,236.42   3,064,283,425.44   3,128,547,460.46   3,103,160,588.24
    Current liabilities:
    Short-term borrowings
    Borrowings from Central Bank
    Customer bank deposits and
    due to banks and other financial
    institutions
    15
    English Translation for Reference Only
    Intra-group borrowings
    Transactional               financial
    liabilities
    Notes payable
    Accounts payable                          271,514,170.73   280,249,143.95   192,615,874.39   214,720,055.92
    Accounts received in advance               16,820,927.52    42,775,364.41    22,598,645.79    37,156,710.99
    Financial     assets      sold      for
    repurchase
    Handling          charges          and
    commissions payable
    Employee’s          compensation
    42,141,871.53    42,141,871.53    54,092,566.23    53,759,277.53
    payable
    Tax payable                                39,888,211.52    38,914,576.10    -5,013,034.54    -3,412,797.35
    Interest payable
    Dividend payable                            3,415,262.58
    Other accounts payable                     35,333,182.19    34,351,162.96    30,383,813.76    28,785,087.45
    Reinsurance premiums payable
    Insurance contract reserves
    Payables for acting trading of
    securities
    Payables           for           acting
    underwriting of securities
    Non-current       liabilities      due
    within 1 year
    Other current liabilities
    Total current liabilities                   409,113,626.07   438,432,118.95   294,677,865.63   331,008,334.54
    Non-current liabilities:
    Long-term borrowings
    Bonds payable
    Long-term payables
    Specific payables
    Estimated liabilities
    Deferred income tax liabilities             7,524,503.52     7,524,503.52     9,736,677.79     9,736,677.79
    Other non-current liabilities              11,815,274.99    10,471,941.67    11,951,441.65    10,556,441.65
    Total non-current liabilities                19,339,778.51    17,996,445.19    21,688,119.44    20,293,119.44
    Total liabilities                           428,453,404.58   456,428,564.14   316,365,985.07   351,301,453.98
    16
    English Translation for Reference Only
    Owners’ equity (or shareholders’
    equity)
    Paid-up        capital     (or     share
    978,563,745.00             978,563,745.00       978,563,745.00             978,563,745.00
    capital)
    Capital reserves                               632,711,120.32             629,610,293.38       645,246,774.53             642,145,947.59
    Less: Treasury stock
    Specific reserves
    Surplus reserves                               555,433,925.97             555,433,925.97       555,433,925.97             555,433,925.97
    Provisions for general risks
    Retained profits                               460,895,102.82             444,246,896.95       587,668,581.79             575,715,515.70
    Foreign exchange difference
    Total equity attributable to owners
    2,627,603,894.11           2,607,854,861.30     2,766,913,027.29           2,751,859,134.26
    of the Company
    Minority interests                                46,207,937.73                                   45,268,448.10
    Total owners’ equity                          2,673,811,831.84           2,607,854,861.30     2,812,181,475.39           2,751,859,134.26
    Total      liabilities     and     owners’
    3,102,265,236.42           3,064,283,425.44     3,128,547,460.46           3,103,160,588.24
    equity
    Person in charge of the Company: Zhong Xincai
    Person in charge of accounting affairs: Zhong Xincai
    Person in charge of accounting firm: Wang Shuqiong
    7.2.2 Income Statement
    Prepared by Foshan Electrical and Lighting Co., Ltd.               Jan.-Jun. 2011     Unit: RMB Yuan
    Reporting period                               Same period of last year
    Items
    Consolidation             The Company           Consolidation             The Company
    I. Total operating revenues                    1,095,319,303.24           1,082,909,469.69       824,360,344.65             753,152,624.27
    Including: Sales income                        1,095,319,303.24           1,082,909,469.69       824,360,344.65             753,152,624.27
    Interest income
    Premium income
    Handling        charge      and
    commission income
    II. Total operating cost                         944,575,593.83             952,892,092.24       724,146,678.01             655,742,434.86
    Including: Cost of sales                         821,116,200.01             840,361,496.35       625,470,314.21             571,479,580.10
    Interest expenses
    17
    English Translation for Reference Only
    Handling         charge     and
    commission expenses
    Surrenders
    Net claims paid
    Net amount withdrawn for
    the insurance contract reserve
    Expenditure       on      policy
    dividends
    Reinsurance premium
    Taxes      and         associate
    11,860,578.51    10,164,480.35     7,228,353.99     6,408,030.82
    charges
    Selling    and     distribution
    52,110,105.61    49,745,840.51    39,231,617.50    34,157,925.91
    expenses
    Administrative expenses               59,191,173.51    52,403,223.14    55,859,131.20    42,439,164.15
    Financial expenses                    -1,053,651.60      -584,697.22    -3,457,326.40    -3,009,297.89
    Asset impairment loss                  1,351,187.79       801,749.11      -185,412.49     4,267,031.77
    Add: Gain/(loss) from change in
    -162,575.62      -162,575.62
    fair value (“-” means loss)
    Gain/(loss) from investment
    1,051,170.64     9,020,116.66       178,118.10     4,876,871.01
    (“-” means loss)
    Including: share of profits in
    associates and joint ventures
    Foreign      exchange       gains     (“-”
    means loss)
    III. Business profit (“-” means
    151,632,304.43   138,874,918.49   100,391,784.74   102,287,060.42
    loss)
    Add: non-operating income                1,600,358.50     1,479,708.43     1,531,640.51     1,231,323.31
    Less: non-operating expense              5,864,904.95     5,080,111.93     2,529,715.16     2,524,715.16
    Including: loss from non-current
    asset disposal
    IV. Total profit (“-” means loss)            147,367,757.98   135,274,514.99    99,393,710.09   100,993,668.57
    Less: Income tax expense                25,145,548.48    22,102,197.49    18,058,926.42    15,642,954.93
    V. Net profit (“-” means loss)               122,222,209.50   113,172,317.50    81,334,783.67    85,350,713.64
    Attributable to owners of the
    117,867,457.28   113,172,317.50    80,817,767.96    85,350,713.64
    Company
    Minority           shareholders’
    4,354,752.22                       517,015.71              0.00
    income
    18
    English Translation for Reference Only
    VI. Earnings per share
    (I) basic earnings per share                              0.12                                              0.08
    (II)      diluted       earnings    per
    0.12                                              0.08
    share
    Ⅶ. Other comprehensive incomes                   -12,535,654.21                                                 0.00
    Ⅷ. Total comprehensive incomes                   109,686,555.29               113,172,317.50        81,334,783.67              85,350,713.64
    Attributable to owners of the
    105,331,803.07               113,172,317.50        80,817,767.96              85,350,713.64
    Company
    Attributable            to   minority
    4,354,752.22                                          517,015.71
    shareholders
    For any business combination under the same control that occurred in the reporting
    period, the combined party realized zero net profit before the combination.
    Person in charge of the Company: Zhong Xincai
    Person in charge of accounting affairs: Zhong Xincai
    Person in charge of accounting firm: Wang Shuqiong
    7.2.3 Cash Flow Statement
    Prepared by Foshan Electrical and Lighting Co., Ltd.                  Jan.-Jun. 2011     Unit: RMB Yuan
    Reporting period                                 Same period of last year
    Items
    Consolidation               The Company           Consolidation             The Company
    I. Cash flows from operating
    activities:
    Cash received from sale of
    commodities and rendering of                    1,167,237,804.52             1,123,579,807.51       913,436,533.36             780,869,364.36
    service
    Net increase of deposits from
    customers and dues from banks
    Net increase of loans from the
    central bank
    Net increase of funds borrowed
    from other financial institutions
    Cash received from premium of
    original insurance contracts
    Net         cash     received         from
    19
    English Translation for Reference Only
    reinsurance business
    Net increase of deposits of
    policy holders and investment
    fund
    Net increase of disposal of
    tradable financial assets
    Cash received from interest,
    handling           charges                and
    commissions
    Net increase of intra-group
    borrowings
    Net      increase     of        funds    in
    repurchase business
    Tax refunds received                            42,005,225.14      41,757,239.95      9,373,907.90     9,103,907.90
    Other cash received relating to
    7,810,787.51       8,668,462.54      9,491,739.21     9,424,471.25
    operating activities
    Subtotal of cash inflows from
    1,217,053,817.17   1,174,005,510.00   932,302,180.47   799,397,743.51
    operating activities
    Cash      paid      for        goods    and
    856,308,150.90     852,185,589.05    633,133,201.91   527,210,282.87
    services
    Net      increase         of     customer
    lendings and advances
    Net increase of funds deposited
    in the central bank and amount
    due from banks
    Cash for paying claims of the
    original insurance contracts
    Cash      for    paying           interest,
    handling           charges                and
    commissions
    Cash       for      paying         policy
    dividends
    Cash paid to and for employees                 142,691,769.52     123,908,432.96    128,171,951.00   113,847,318.65
    Various taxes paid                              81,501,927.12      64,089,642.55     61,532,232.54    50,056,203.44
    Other cash payment relating to
    62,083,411.78      66,260,891.21     33,859,096.29    33,281,845.21
    operating activities
    Subtotal of cash outflows from
    1,142,585,259.32   1,106,444,555.77   856,696,481.74   724,395,650.17
    operating activities
    Net cash flows from operating                     74,468,557.85      67,560,954.23     75,605,698.73    75,002,093.34
    20
    English Translation for Reference Only
    activities
    II. Cash flows from investing
    activities:
    Cash received from withdrawal
    33,396,800.00        206,800.00     1,193,874.04     1,193,874.04
    of investments
    Cash received from return on
    2,411,455.42       2,411,455.42      178,118.10     4,840,571.97
    investments
    Net cash received from disposal
    of fixed assets, intangible assets          100,000.00
    and other long-term assets
    Net cash received from disposal
    of subsidiaries or other business
    units
    Other cash received relating
    to investing activities
    Subtotal of cash inflows
    35,908,255.42       2,618,255.42    1,371,992.14     6,034,446.01
    from investing activities
    Cash paid to acquire fixed
    assets, intangible assets and other      39,458,297.28     16,092,517.78    29,406,644.35    22,726,409.89
    long-term assets
    Cash paid for investment               12,806,800.00    222,806,800.00     1,036,005.00     1,036,005.00
    Net increase of pledged loans
    Net      cash   paid    to   acquire
    subsidiaries and other business
    units
    Other cash payments relating to
    investing activities
    Subtotal of cash outflows from
    52,265,097.28    238,899,317.78    30,442,649.35    23,762,414.89
    investing activities
    Net cash flows from investing
    -16,356,841.86   -236,281,062.36   -29,070,657.21   -17,727,968.88
    activities
    III. Cash Flows from Financing
    Activities:
    Cash received from capital
    contributions
    Including: Cash received from
    minority shareholder investments
    by subsidiaries
    Cash          received       from
    21
    English Translation for Reference Only
    borrowings
    Cash received from issuance
    of bonds
    Other cash received relating to
    financing activities
    Subtotal of cash inflows from
    financing activities
    Repayment of borrowings
    Cash      paid     for    interest
    expenses      and    distribution   of   221,508,538.40    221,508,538.40     202,806,459.02    201,781,832.57
    dividends or profit
    Including: dividends or profit
    paid by subsidiaries to minority
    shareholders
    Other cash payments relating
    to financing activities
    Sub-total of cash outflows from
    221,508,538.40    221,508,538.40     202,806,459.02    201,781,832.57
    financing activities
    Net cash flows from financing
    -221,508,538.40   -221,508,538.40   -202,806,459.02    -201,781,832.57
    activities
    IV. Effect of foreign exchange
    rate changes on cash and cash               -428,597.63        -425,125.11       -712,700.32       -712,700.32
    equivalents
    V. Net increase in cash and cash
    -163,825,420.04   -390,653,771.64    -156,984,117.82   -145,220,408.43
    equivalents
    Add: Opening balance of
    711,625,404.65    681,198,634.58    1,036,582,265.88   927,931,735.27
    cash and cash equivalents
    VI. Closing balance of cash and
    547,799,984.61    290,544,862.94     879,598,148.06    782,711,326.84
    cash equivalents
    Person in charge of the Company: Zhong Xincai
    Person in charge of accounting affairs: Zhong Xincai
    Person in charge of accounting firm: Wang Shuqiong
    22
    English Translation for Reference Only
    7.2.4 Consolidated Statement of Changes in Owners’ Equity
    Prepared by Foshan Electrical and Lighting Co., Ltd.                                                   For the first half year of 2011                                    Unit: RMB Yuan
    Amount for the reporting period                                                                   Amount for the previous year
    Equity attributable to owners of the Company                                                       Equity attributable to owners of the Company
    Paid-up                                                                                       Total   Paid-up                                                                        Total
    Items                                                                                            Minority                                                                                Minority
    Less:                          General                                                             Less:                      General
    capital   Capital              Specific Surplus               Retained                      owners’ capital Capital           Specific Surplus         Retained                  owners’
    treasury                         risk                Others interests                             treasury                    risk           Others interests
    (or share reserve               reserve   reserve               profit                        equity (or share reserve          reserve reserve           profit                    equity
    stock                          reserve                                                             stock                   reserve
    capital)                                                                                              capital)
    I. Balance at
    978,563, 645,246,                         555,433,             587,668,           45,268,4 2,812,18 978,563, 586,925,                    528,474,             566,135,    45,896,9 2,705,99
    the end of the
    745.00    774.53                         925.97               581.79               48.10 1,475.39    745.00   954.53                     746.92              541.76        86.77 6,974.98
    previous year
    Add:
    change        of
    accounting
    policy
    Correction
    of errors in
    previous
    periods
    Other
    II. Balance at
    978,563, 645,246,                         555,433,             587,668,           45,268,4 2,812,18 978,563, 586,925,                    528,474,             566,135,    45,896,9 2,705,99
    the beginning
    745.00    774.53                         925.97               581.79               48.10 1,475.39    745.00   954.53                     746.92              541.76        86.77 6,974.98
    of the year
    23
    English Translation for Reference Only
    III. Increase/
    decrease           of
    amount in the             -12,535,       -126,773   939,489. -138,369     58,320,8   26,959,1   21,533,0   -628,538 106,184,
    year             (“-”    654.21         ,478.97         63 ,643.55        20.00      79.05      40.03         .67    500.41
    means
    decrease)
    (I)         Net                     117,867,   4,354,75 122,222,                           263,776,   7,321,20 271,097,
    profit                                    457.28        2.22    209.50                           242.98        2.98    445.96
    (II)       Other
    -12,535,                             -12,535,   55,185,2                                    55,185,2
    comprehensiv
    654.21                               654.21      25.24                                       25.24
    e incomes
    Subtotal of          -12,535,       117,867,   4,354,75 109,686,     55,185,2              263,776,   7,321,20 326,282,
    (I) and (II)               654.21         457.28        2.22    555.29      25.24                242.98        2.98    671.20
    (III)
    Capital          paid
    3,135,59                         4,296,46 7,432,05
    in               and
    4.76                             1.84       6.60
    reduced            by
    owners
    1.
    16,510,2 16,510,2
    Capital          paid
    97.45     97.45
    in by owners
    2.
    Amounts            of
    share-based
    24
    English Translation for Reference Only
    payments
    recognized in
    owners’
    equity
    3,135,59                         -12,213, -9,078,2
    3. Others
    4.76                          835.61    40.85
    (IV) Profit                            -244,640   -3,415,2 -248,056              26,959,1   -242,243   -12,246, -227,530
    distribution                              ,936.25     62.59 ,198.84                  79.05     ,202.95    203.49 ,227.39
    1.
    Appropriation                                                                      26,959,1   -26,959,
    s to surplus                                                                         79.05     179.05
    reserves
    2.
    Appropriation
    s to general
    risk
    provisions
    3.
    Appropriation
    -244,640   -3,415,2 -248,056                         -215,284   -12,246, -227,530
    s to owners
    ,936.25     62.59 ,198.84                            ,023.90    203.49 ,227.39
    (or
    shareholders)
    4. Other
    (V)
    25
    English Translation for Reference Only
    Internal
    carry-forward
    of       owners’
    equity
    1.     New
    increase        of
    capital        (or
    share capital)
    from        capital
    public
    reserves
    2.     New
    increase        of
    capital        (or
    share capital)
    from surplus
    reserves
    3.
    Surplus
    reserves       for
    making          up
    losses
    4. Other
    (Ⅵ) Specific
    26
    English Translation for Reference Only
    reserve
    1.
    Withdrawn
    for the period
    2. Used
    in the period
    (Ⅶ) Other
    IV.    Closing 978,563, 632,711,                      555,433,              460,895,            46,207,9 2,673,81 978,563, 645,246,                          555,433,              587,668,             45,268,4 2,812,18
    balance            745.00   120.32                      925.97               102.82               37.73 1,831.84         745.00   774.53                       925.97               581.79                48.10 1,475.39
    Person in charge of the Company: Zhong Xincai
    Person in charge of accounting affairs: Zhong Xincai
    Person in charge of accounting firm: Wang Shuqiong
    7.2.5 Statement of Change in Owners’ Equity of the Company
    Prepared by Foshan Electrical and Lighting Co., Ltd.                                              For the first half year of 2011                                           Unit: RMB Yuan
    Amount for the reporting period                                                             Amount for the previous year
    Paid-up                                                                                     Paid-up
    Less:                            General                  Total                            Less:                            General                 Total
    Items            capital    Capital              Specific    Surplus              Retained                  capital    Capital              Specific    Surplus               Retained
    treasury                           risk                   owners’                         treasury                            risk                 owners’
    (or share   reserve              reserve     reserve                   profit              (or share   reserve              reserve     reserve                profit
    stock                            reserve                 equity                            stock                            reserve                 equity
    capital)                                                                                   capital)
    I. Balance at the end of the 978,563,7 642,145,9                            555,433,9             575,715,5 2,751,859 978,563,7 586,971,4                              528,474,7              548,366,9 2,642,376
    27
    English Translation for Reference Only
    previous year                     45.00      47.59       25.97          15.70    ,134.26    45.00      40.10       46.92       28.12      ,860.14
    Add: change of accounting
    policy
    Correction of errors in
    previous periods
    Other
    II. Balance at the beginning 978,563,7 642,145,9      555,433,9   575,715,5 2,751,859 978,563,7 586,971,4       528,474,7   548,366,9 2,642,376
    of the year                       45.00      47.59       25.97          15.70    ,134.26    45.00      40.10       46.92       28.12      ,860.14
    III. Increase/ decrease of
    -12,535,6               -131,468, -144,004,               55,174,50   26,959,17   27,348,58 109,482,2
    amount in the year (“-”
    54.21                     618.75     272.96                 7.49        9.05        7.58      74.12
    means decrease)
    113,172,3 113,172,3                                       269,591,7 269,591,7
    (I) Net profit
    17.50      17.50                                       90.53       90.53
    (II) Other comprehensive                -12,535,6                             -12,535,6           55,174,50                           55,174,50
    incomes                                      54.21                                 54.21                 7.49                                7.49
    -12,535,6               113,172,3 100,636,6               55,174,50               269,591,7 324,766,2
    Subtotal of (I) and (II)
    54.21                      17.50      63.29                 7.49                  90.53       98.02
    (III) Capital paid in and
    reduced by owners
    1. Capital paid in by
    owners
    2.       Amounts        of
    share-based          payments
    28
    English Translation for Reference Only
    recognized in owners’ equity
    3. Others
    -244,640, -244,640,    26,959,17   -242,243, -215,284,
    (IV) Profit distribution
    936.25   936.25        9.05     202.95    023.90
    1.   Appropriations      to                                26,959,17   -26,959,1
    surplus reserves                                                     9.05      79.05
    2.   Appropriations      to
    general risk provisions
    3.   Appropriations      to         -244,640, -244,640,                -215,284, -215,284,
    owners (or shareholders)                      936.25   936.25                 023.90    023.90
    4. Other
    (V) Internal carry-forward
    of owners’ equity
    1.   New      increase   of
    capital (or share capital) from
    capital public reserves
    2.   New      increase   of
    capital (or share capital) from
    surplus reserves
    3. Surplus reserves for
    making up losses
    4. Other
    29
    English Translation for Reference Only
    (Ⅵ) Specific reserve
    1. Withdrawn for the
    period
    2. Used in the period
    (Ⅶ) Other
    978,563,7 629,610,2      555,433,9   444,246,8 2,607,854 978,563,7 642,145,9   555,433,9   575,715,5 2,751,859
    IV. Closing balance
    45.00    93.38          25.97         96.95   ,861.30   45.00     47.59       25.97       15.70    ,134.26
    Person in charge of the Company: Zhong Xincai
    Person in charge of accounting affairs: Zhong Xincai
    Person in charge of accounting firm: Wang Shuqiong
    30
    English Translation for Reference Only
    7.3 Notes to the financial statements
    7.3.1 Should there be any changes in accounting policies, accounting estimates
    and correction of accounting errors, give the relevant contents, reasons and the
    amount influenced.
    □Applicable        √Inapplicable
    7.3.2 Should there be any changes in the consolidation scope of the financial
    statements, explain the reasons and the amount influenced.
    √Applicable        □Inapplicable
    —Guangdong Fozhao New Light Sources Technology Co., Ltd. is a limited company
    jointly incorporated by the Company and Bright Technology & Venture Limited. It
    obtained the business license on 7 Jun. 2011. The Company holds a 55% stake in it,
    which has been included in the consolidated financial statements by the Company
    since the incorporation.
    —Guangdong Fozhao Financial Leasing Co., Ltd. is a company of limited liability
    incorporated by the Company. It obtained the business license on 30 May 2011 and
    has a registered capital of RMB 200 million. The Company holds 100% of its equity.
    And it has been included in the consolidated financial statements by the Company
    since the incorporation.
    7.3.3 If a non-standard auditor’s report is issued, list notes to involved matters.
    □Applicable        √Inapplicable
    Board of Directors of
    Foshan Electrical and Lighting Co. Ltd.
    15 Aug. 2011
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